PACIFIC COMMUNITY FUND FKA NATIONAL ASIAN AMERICAN COALITION

EIN: 331095784 501(c)(3) Human Services

DALY CITY, CA

Total Revenue
$1,849,089
Total Expenses
$3,909,376
Total Assets
$12,884,385
Net Assets
$6,484,571
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
CA
Principal Officer
FILIBERTO GONZALEZ
Phone
6509520522
Tax Period
2024-01-01 to 2024-12-31

PACIFIC COMMUNITY FUND FKA NATIONAL ASIAN AMERICAN COALITION, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.9M exceeded revenue, resulting in a 111% operating deficit.

Mission

NAAC'S MISSION IS TO BE THE PREFERRED CONDUIT OF LOW & MODERATE INCOME FAMILIES. THIS INCLUDES, BUT IS NOT LIMITED, TO INCREASING SUSTAINABLE AND RESPONSIBLE HOMEOWNERSHIP AND OUTREACH FOR SMALL BUSINESS DEVELOPMENT, MINORITIES, AND VETERANS; ADVOCATING AND CREATING HOMEOWNERSHIP OPPORTUNITIES FOR LOW-TO-MODERATE-INCOME PERSONS AND FAMILIES; AND ADVOCATING FOR COMMUNITIES ON A BROAD RANGE OF CONSUMER ISSUES BEFORE GOVERNMENTAL BODIES.

Program Service Accomplishments

Program 1
Expenses: $2,681,525 Revenue: $95,946

HOUSING COUNSELING AND HOME BUYING EDUCATION AND COMMUNITY INVOLVEMENT, NAAC 501(C)(3) CURRENTLY PROVIDES FINANCIAL EDUCATION AND HOMEBUYER EDUCATION COUNSELLING TO FIRST TIME HOMEBUYERS UNDER THE...

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HOUSING COUNSELING AND HOME BUYING EDUCATION AND COMMUNITY INVOLVEMENT, NAAC 501(C)(3) CURRENTLY PROVIDES FINANCIAL EDUCATION AND HOMEBUYER EDUCATION COUNSELLING TO FIRST TIME HOMEBUYERS UNDER THE WISH AND OTHER DOWN PAYMENT ASSISTANCE PROGRAMS SPONSORED BY VARIOUS BANKS AND THE CITY OF SAN DIEGO. NAAC SMALL BUSINESS CENTER IS A US DEPARTMENT OF TREASURY-CERTIFIED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) MISSION-DRIVEN TO PROVIDE ACCESS TO BASIC FINANCIAL SERVICES, AFFORDABLE CREDIT, AND INVESTMENT CAPITAL TO LOW-INCOME BORROWERS WHO HAVE HISTORICALLY BEEN LEFT OUT OF TRADITIONAL BANKING SERVICES. WE PROVIDE GUIDANCE ONLINE TO PROSPECTIVE LOAN APPLICANTS WHO HAVE PROBLEMS QUALIFYING FOR TRADITIONAL LOANS. GUIDANCE MAY INCLUDE DETERMINING THE BEST TYPE OF LOAN PROGRAM THAT IS SUITED FOR THEIR BUSINESS. CONDUCT CRITICAL WORKSHOPS TO BUSINESS OWNERS IN A WAY THAT IS SCALABLE AND EFFECTIVE TO BUSINESS OWNERS WHEN IDEAL. THE TOPICS WILL BE LED BY SUBJECT MATTER EXPERTS IN THE AREAS OF BUSINESS PLANNING, SOURCES OF CREDIT, FINANCIAL PRESENTATION, AND BUSINESS MODEL CHANGES. LEAD BORROWERS TO RESOURCES THAT ARE PROVIDED TO REPUTABLE AGENCIES SUCH AS THE SBA, WOMEN BUSINESS CENTERS, SMALL BUSINESS DEVELOPMENT COMPANIES, AND VETERAN CENTERS. PURSUIT OF STRATEGIC OPPORTUNITIES FOR A PARTICULAR BUSINESS OR GROUP THAT CREATE MUTUAL AND EFFECTIVE AND PROFITABLE RELATIONS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $614,540
Program Service Revenue $95,946
Investment Income $374,008
Other Revenue $764,595
TOTAL REVENUE $1,849,089

Expense Breakdown

Grants Paid $0
Salaries & Benefits $770,702
Fundraising Expenses $0
Program Expenses $2,681,525
Other Expenses $3,138,674
TOTAL EXPENSES $3,909,376

Year-over-Year Comparison

2024 2023 Change
Revenue $1,849,089 $1,559,027 +0.2%
Expenses $3,909,376 $3,315,633 +0.2%
Net Income $-2,060,287 $-1,756,606 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
8
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
6
$283,212
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORA ORIEL CHAIRPERSON 3.00
Officer Director
$0 $0 $0
JAMES SANTAMARIA VICE CHAIRMAN 3.00
Officer Director
$0 $0 $0
ALEX ANDERSON SECRETARY 3.00
Officer Director
$0 $0 $0
JASON HOBSON BOARD MEMBER 3.00
Director
$0 $0 $0
JAMES BRYANT BOARD MEMBER 3.00
Director
$0 $0 $0
FILIBERTO GONZALEZ CEO 40.00
Officer
$190,008 $0 $190,008
LIDELL PAGE LEGAL COUNSEL 3.00
Officer
$0 $0 $0
CRISMEL DIMACALI CFO 40.00
Officer
$93,204 $0 $93,204
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
2024 $1,849,089 $3,909,376 $12,884,385 $-2,060,287
2023 $1,559,027 $3,315,633 $15,602,056 $-1,756,606
2022 $10,166,342 $6,071,310 $19,281,583 $4,095,032
2022 $10,166,342 $5,603,276 $19,747,862 $4,563,066
2021 $8,118,946 $4,524,728 $15,985,591 $3,594,218
2021 $8,118,946 $4,561,753 $15,985,591 $3,557,193
2020 $4,618,777 $1,989,348 $6,801,122 $2,629,429
2019 $2,018,058 $2,204,757 $2,693,925 $-186,699
2018 $1,882,219 $1,775,389 $2,899,259 $106,830
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