Walker Street Chung Pak Local Development Corporation logo

Walker Street Chung Pak Local Development Corporation

Public charity · Grantmaker New York, NY EIN: 13-3275044 Website

Walker street - chung pak local development corporation (the "corporation") was incorporated in the state of New York on march 28, 1985 under section 1411 of the not-for-profit corporation law. Walker street - chung pak local development corporation was organized to improve the quality of life of the residents of community boards no. 1, 2, and 3 by developing, operating and maintaining commercial facilities.

Key facts about Walker Street Chung Pak Local Development Corporation

EIN
13-3275044
Latest 990 filing
Form 990, 2025
Total assets
$12,864,571

Data from IRS Form 990, 2025; updated October 2026.

Financial Overview

From 2025 IRS Form 990 · View filing

Total Assets

$12.9M

+5.0% YoY

Revenue

$2.1M

+1.9% YoY

Net Investment Income

$102K

+44.0% YoY

Expenses

$1.4M

-24.0% YoY

About Walker Street Chung Pak Local Development Corporation

Based on IRS filings

Walker Street Chung Pak Local Development Corporation is a public charity focused on Housing & Shelter, based in New York, NY. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $12.9M in total assets. Net investment income was $102K.

Focus Areas

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Geographic Focus

Where this funder awards grants

States

Cities

New York

Giving Over Time

Total grant dollars and number of grants per year

$0$50K$100K$150K0 grants2019 1 grant2020 Total only2021 0 grants2022 0 grants2023 0 grants2024 0 grants2025

From 2020 to 2021, annual grant giving ranged from $3K (2021) to $150K (2020). In 2021 it reported $3K in grants paid, as a total without an itemized list.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$1M$2M$3M2019 2020 2021 2022 2023 2024 2025
Metric202520242023
Total Assets$12,864,571$12,255,893$10,446,190
Revenue$2,059,073$2,021,618$1,622,617
Expenses$1,421,748$1,871,813$1,656,437
Net Investment Income$102,405$71,119$5,795

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS March 15, 2021)
  2. Added Form 990 for fiscal year 2019 (received by the IRS February 18, 2020)
  3. Updated Form 990 for fiscal year 2021 (received by the IRS March 15, 2022)
  4. Added Form 990 for fiscal year 2025 (received by the IRS April 29, 2026)
  5. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Walker Street Chung Pak Local Development Corporation is led by Sherman Eng, Acting Chair since 2024 (on filings since 2019); 1 of 3 officers listed in 2025 is compensated.

Officers on the 2025 filing

  • Sherman Eng

    Acting Chair

    Acting Chairman & President → Acting Chair & President, 2023

    Acting Chair & President → Acting Chair, 2024

    On filings since 2019

    35 hrs/week

    $215K (2024) → $224K (2025)

  • Po-Ling Ng

    Treasurer

    Member → Treasurer, 2020

    On filings since 2019

    0.5 hrs/week

    No compensation reported

  • Wing Ma

    Secretary

    On filings since 2020

    0.5 hrs/week

    No compensation reported

Former officers (3)
  • Former: Charles Lai (2019–2023) — Executive Director
  • Former: David Chen (2019–2023) — Director
  • Former: Mak Shiu Ka (2019) — Member

Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2025 IRS filing

Sherman Eng — Acting Chair: $224KSherman EngActing Chair$224K

The highest reported compensation on the 2025 filing was $224K, to Sherman Eng (Acting Chair).

Frequently asked questions about Walker Street Chung Pak Local Development Corporation

How large is Walker Street Chung Pak Local Development Corporation?

Walker Street Chung Pak Local Development Corporation reported $12.9M in total assets on its 2025 IRS Form 990. Its revenue that year was $2.1M.

What is Walker Street Chung Pak Local Development Corporation?

Walker Street Chung Pak Local Development Corporation is a public charity focused on Housing & Shelter, based in New York, NY. It holds $12.9M in total assets as of 2025.

Where does Walker Street Chung Pak Local Development Corporation operate?

Walker Street Chung Pak Local Development Corporation has awarded grants in New York.

What is Walker Street Chung Pak Local Development Corporation's EIN?

Walker Street Chung Pak Local Development Corporation's EIN (Employer Identification Number) is 13-3275044. IRS Form 990 filing data is available on this page for 2019–2025.

Data last updated October 2026. Sourced from IRS Form 990 filings.

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