Wealth By Health Steps For Change Foundation
- Assets
- $348.2k
- Revenue
- $403.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 08/2015
- Data as of
- 12/2023
- EIN
- 47-4646952
Organization Overview
Wealth By Health Steps For Change Foundation is located in Los Angeles, CA. The organization was established in 2015. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wealth By Health Steps For Change Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Wealth By Health Steps For Change Foundation generated $403.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 42.5% each year . All expenses for the organization totaled $383.9k during the year ending 12/2023. While expenses have increased by 37.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
WEALTH BY HEALTH STEPS FOR CHANGE FOUNDATION AIMS TO ENHANCE THE LIVES OF THE UNDERPRIVILEGED IN THE HOPES OF CREATING A PATH TOWARDS A BRIGHTER FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
T2T (TEST-TO-TREAT PROGRAM) WE PROVIDE FREE TEST KITS TO PATIENTS WHO HAVE COVID-19 SYMPTOMS. PATIENTS WHO ARE TESTED POSITIVE WILL BE ARRANGED TO SEE MEDICAL PROVIDER VIA TELE-MEDIC AND DISPENSE MEDICATION FOR TREATMENT AS DIRECTED BY DOCTORS PROGRAM EXPENSES : ADVERTISING $ 9,320 BUILDING MODIFICATION 37,580 MEDICINE & MEDICAL SUPPLIES 3,931 OFFICE EXPENSE 2,900 OFFICE SUPPLIES & PRINTING 51,743 PROVIDER PER DIEM 29,400 TRANSPORTATIO & GAS 4,947 _________ TOTAL $139,821
JAKARTA,INDONESIA MEDICAL MISSION - 5/20/2023 TO 6/1/2023) WE PROVIDE FREE HEALTH SERVICES TO PATIENTS FROM THE OUTSKIRTS OF JAKARTA WHO FACE CHALLENGES IN ACCESSING QUALITY HEALTH CARE. SERVICES INCLUDE DENTAL, MEDICAL,EASTERN MEDICINE AND VISION PROGRAM EXPENSE: MEDICINES & MEDICAL SUPPLIES $77,427 INSURANCE 5,332 TRAVEL AND LODGING 8,244 ________ TOTAL $91,003
FREE HEALTH CLINIC WEALTH BY HEALTH HAD HOSTED THREE(3) FREE HEALTH CLINICSEE CLINICS AT THE FOLLOWING LOCATION: DHRAMA SEAL TEMPLE ON 4/16/2023, AND 8/6/2023 ROSEMEAD COMUNITY CENTER ON 11/19/2023 SERVICES INCLUDE TEETH CLEANING,FILLING,EXTRACTION, INTERNAL MEDICINE,CARDIOLOGY,UROLOGY, ONCOLOGY, ACUPUNCTURE,ACUPRESSURE,COVID 19 AND FLU VACCINES, PROVIDED BY ADVANCED APPOINTMENTAND WALK-IN AS WELL. PROGRAM EXPENSE: ADVERTISING & PROMOTION $5,925 MEDICINES & MEDICAL SUPPLIES 5,233 INSURANCE 10,305 LUNCH 9,738 OFFICE SUPPLIES & PRINTING 4,087 _______ TOTAL $35,288
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Ip Ceo, Secretary | Officer | 30 | $0 |
Chong Le COO | Officer | 40 | $0 |
Yung H Ta CFO | Officer | 40 | $0 |
Hong Zheng Director | Officer | 8 | $0 |
Pao Lien Chang Director | Officer | 8 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $321,975 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $397,738 |
| Total Program Service Revenue | $0 |
| Investment income | $6,065 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $403,803 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,086 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,794 |
| Insurance | $0 |
| All other expenses | $124,820 |
| Total functional expenses | $383,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $139,788 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $78,854 |
| Net Land, buildings, and equipment | $129,518 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $348,160 |
| Accounts payable and accrued expenses | $135,226 |
| Grants payable | $0 |
| Deferred revenue | $100,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $235,226 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $112,934 |
| Total liabilities and net assets/fund balances | $348,160 |