PACE ECONOMIC DEVELOPMENT CORPORATION (EIN 953359098) - Form 990 Financial Analysis & Trantor Score

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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

1975

Legal Domicile

Principal Officer

KERRY DOI

Phone

2139893145

Tax Period

2024-04-01 to 2025-03-31

PACE ECONOMIC DEVELOPMENT CORPORATION, founded in 1975, is a small nonprofit in the Housing & Shelter sector that reported $348K in total revenue in fiscal year 2024. The organization ran a surplus of $97K, a strong 28% operating margin.

Mission

ORGANIZATION OPERATES A 16-UNIT APARTMENT AND PROVIDES AFFORDABLE HOUSING TO QUALIFIED FAMILIES

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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 (2024)

Revenue Breakdown

Contributions & Grants $154,706

Program Service Revenue $187,603

Investment Income $782

Other Revenue $5,090

TOTAL REVENUE $348,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $230,077

Other Expenses $251,116

TOTAL EXPENSES $251,116

Year-over-Year Comparison

	2024	2023	Change
Revenue	$348,181	$322,612	+0.1%
Expenses	$251,116	$252,096	0.0%
Net Income	$97,065	$70,516	+0.4%

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

N/A

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
KERRY DOI	CHAIR PERSON	2.00	Officer Director	$0	$0	$0
WILLIAM CHUN	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
NEIL YONEJI	BOARD MEMBER	2.00	Director	$0	$0	$0
SANDY SAKAMOTO	BOARD SECRETARY	2.00	Officer 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	$348,181	$251,116	$1,105,528	$97,065
2024	$322,612	$252,096	$1,231,927	$70,516
2023	$300,249	$253,482	$1,166,483	$46,767
2022	$292,104	$253,968	$1,191,881	$38,136
2021	$286,910	$235,791	$1,160,116	$51,119
2020	$284,401	$258,162	$1,098,308	$26,239
2019	$308,713	$231,860	$1,149,455	$76,853

PACE ECONOMIC DEVELOPMENT CORPORATION