SAN PABLO ECONOMIC DEVELOPMENT COR… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2011

Legal Domicile

Phone

5102153203

Tax Period

2023-07-01 to 2024-06-30

SAN PABLO ECONOMIC DEVELOPMENT CORPORATION INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.8M left a modest 14% surplus.

Mission

THE PURPOSE OF THE CORPORATION IS TO ACT AS THE CATALYST TO EQUITABLE ECONOMIC OPPORTUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,524,343

THE PURPOSE OF THE CORPORATION IS TO DEVELOP, DIVERSIFY AND STABILIZE THE LOCAL ECONOMY THROUGH EDUCATION AND TRAINING OF WORKFORCE AND BUSINESSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $584,000

Program Service Revenue $1,219,379

Investment Income $93,920

Other Revenue $243,682

TOTAL REVENUE $2,140,981

Expense Breakdown

Grants Paid $0

Salaries & Benefits $924,155

Fundraising Expenses $91,080

Program Expenses $1,524,343

Other Expenses $925,769

TOTAL EXPENSES $1,849,924

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,140,981	$1,969,736	+0.1%
Expenses	$1,849,924	$1,675,115	+0.1%
Net Income	$291,057	$294,621	0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LESLAY CHOY	EXECUTIVE DIRECTOR	40.00		$186,710	$0	$186,710
GENOVEVA GARCIA CALLOWAY	VICE CHAIR	0.25	Officer Director	$0	$0	$0
SAMAN FARID	Director	0.25	Director	$0	$0	$0
XAVIER ABRAMS	CHAIR	0.25	Officer Director	$0	$0	$0
KANWAR SINGH	Treasurer	0.50	Officer Director	$0	$0	$0
PATRICIA PONCE	Director	0.25	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$2,140,981	$1,849,924	$4,503,612	$291,057
2023	$1,969,736	$1,675,115	$4,639,177	$294,621
2022	$3,639,773	$2,069,672	$3,837,713	$1,570,101
2021	$1,547,884	$1,490,842	$9,766,150	$57,042
2020	$3,039,004	$1,776,594	$9,889,478	$1,262,410
2019	$1,407,100	$2,010,772	$17,943,044	$-603,672

SAN PABLO ECONOMIC DEVELOPMENT CORPORATION INC