Nonprofit · EIN 95-3359098
PACE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · LOS ANGELES, CA 90017
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $348,181 | $251,116 | $97,065 | $1,105,528 | $1,557,673 | -$452,145 |
| March 31, 2024 | 990 | $322,612 | $252,096 | $70,516 | $1,231,927 | $1,781,137 | -$549,210 |
| March 31, 2023 | 990 | $300,249 | $253,482 | $46,767 | $1,166,483 | $1,786,209 | -$619,726 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $154,706
- of which government grants
- $154,706
- Program service revenue
- $187,603
- Investment income
- $782
- Other revenue
- $5,090
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $10
- Accounting fees
- $8,265
- Occupancy
- $202,307
- Depreciation
- $7,943
- Program services (functional)
- $230,077
- Management and general (functional)
- $21,039
Balance sheet and other
- Total assets, start of year
- $1,231,927
- Total assets, end of year
- $1,105,528
- Total liabilities, end of year
- $1,557,673
- Net assets, end of year
- -$452,145
- Land, buildings and equipment
- $201,766
- Net assets without donor restrictions
- -$452,145
- Gross receipts
- $348,181
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1975
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERRY DOI | CHAIR PERSON Trustee or director, Officer | 2 | $0 |
| WILLIAM CHUN | BOARD TREASURER Trustee or director, Officer | 2 | $0 |
| NEIL YONEJI | BOARD MEMBER Trustee or director | 2 | $0 |
| SANDY SAKAMOTO | BOARD SECRETARY Trustee or director, Officer | 2 | $0 |
990 for the year ended March 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERRY DOI | CHAIR PERSON Trustee or director, Officer | 2 | $0 |
| WILLIAM CHUN | SECRETARY Trustee or director, Officer | 2 | $0 |
| NEIL YONEJI | BOARD MEMBER Trustee or director | 2 | $0 |
990 for the year ended March 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KERRY DOI | CHAIR PERSON Trustee or director, Officer | 2 | $0 |
| WILLIAM CHUN | SECRETARY Trustee or director, Officer | 2 | $0 |
| NEIL YONEJI | BOARD MEMBER Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1055 WILSHIRE BLVD STE 1475, LOS ANGELES, CA 90017-5652
- In care of
- % COMN HOUSING MGMT SERVICE
- Principal officer (990 for 2024)
- KERRY DOI, 1055 WILSHIRE BLVD 1475, LOS ANGELES, CA 90017
- Signed the 990
- KERRY DOI, PRESIDENT
- Phone
- (213) 989-3145
- Return prepared by
- DAUBY O'CONNOR & ZALESKI LLC
California records
California keeps its own records of charities and corporations. Search them by EIN 95-3359098 or by the name PACE ECONOMIC DEVELOPMENT CORPORATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO INSTITUTE, MAINTAIN AND PROMOTE SOCIAL SERVICE PROGRAMS WHICH PROVIDE TRAINING, EDUCATION, INFORMATION, AND ASSISTANCE (INCLUDING TECHNICAL EXPERTISE IN BUSINESS AND OTHER RESOURCES) TO INDIVIDUALS OF LOW-INCOME DISTRESSED COMMUNITIES AS PART OF PROMOTING AND PROVIDING ECONOMIC DEVELOPMENT ACTIVITIES AND LOW INCOME HOUSING WITHIN SAID COMMUNITIES. THE ORGANIZATION OPERATES A 16 UNIT APARTMENT BUILDING AND PROVIDES AFFORDABLE HOUSING TO QUALIFIED LOW INCOME HOUSING FAMILIES.
Program accomplishments
- THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO INSTITUTE, MAINTAIN AND PROMOTE SOCIAL SERVICE PROGRAMS WHICH PROVIDE TRAINING, EDUCATION, INFORMATION, AND ASSISTANCE (INCLUDING TECHNICAL EXPERTISE IN BUSINESS AND OTHER RESOURCES) TO INDIVIDUALS OF LOW-INCOME DISTRESSED COMMUNITIES AS PART OF PROMOTING AND PROVIDING ECONOMIC DEVELOPMENT ACTIVITIES AND LOW INCOME HOUSING WITH IN SAID COMMUNITIES. THE CORPORATION OPERATES 16 UNITS OF AFFORDABLE HOUSING IN LOS ANGELES, CALIFORNIA.Expenses $230,077 · revenue $187,603
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 95-3359098
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1981
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L22Z)
- Assets (IRS master file)
- $1,105,528
- Income (IRS master file)
- $348,181
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $348,181 | $251,116 | $1,105,528 | XML |
| 990 | March 2024 | $322,612 | $252,096 | $1,231,927 | XML |
| 990 | March 2023 | $300,249 | $253,482 | $1,166,483 | XML |
| 990 | March 2022 | $292,104 | $253,968 | $1,191,881 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 95-3359098).
Questions about PACE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of PACE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PACE ECONOMIC DEVELOPMENT CORPORATION is 95-3359098.
- Is PACE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
- Are donations to PACE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PACE ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PACE ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PACE ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of PACE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 names KERRY DOI.
- Who are the officers and directors of PACE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does PACE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $348,181, expenses of $251,116 and total assets of $1,105,528 at year end.
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