Overview
What is Pace Economic Development Corporation?
Pace Economic Development Corporation is a nonprofit organization situated in Los Angeles, California. Its primary focus is to institute, maintain, and promote social service programs aimed at empowering individuals from low-income, distressed communities. These programs involve offering training, education, information, and technical expertise in business and other resources. The organization's mission is to promote and facilitate economic development activities and low-income housing within these communities. Pace Economic Development Corporation operates a 16-unit apartment complex, providing affordable housing to qualified low-income families, thereby contributing to the betterment of their living conditions.
Is Pace Economic Development Corporation legitimate?
Pace Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pace Economic Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Pace Economic Development Corporation?
Pace Economic Development Corporation's mission is centered around instating, maintaining, and promoting social service programs. These programs aim to provide training, education, information, and assistance, including technical expertise in business and other resources, to individuals in low-income, distressed communities. The corporation's objectives include promoting and providing economic development activities and low-income housing within these communities. As part of its efforts, the corporation operates a 16-unit apartment building, offering affordable housing to qualified low-income families.
What is the revenue of Pace Economic Development Corporation?
Pace Economic Development Corporation's revenue in 2024 was $322,612.
Who are the executives of Pace Economic Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Pace Economic Development Corporation?
Pace Economic Development Corporation's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Pace Economic Development Corporation
Pace Economic Development Corporation, a non-profit organization, is dedicated to instilling, maintaining, and promoting social service programs. Their primary objective is to offer training, education, information, and assistance, including business and other resource expertise, to individuals residing in low-income distressed communities. By doing so, they aim to foster economic development activities and provide affordable housing within these communities.
In line with their mission, Pace Economic Development Corporation operates a 16-unit apartment building and provides affordable housing to qualified low-income families. This housing initiative is a crucial part of their broader objective to uplift and support those in need within distressed communities. Through their programs and services, they aim to empower individuals and communities, helping them to overcome their challenges and build a better future for themselves.
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Impact
October, 2024
Pace Economic Development Corporation significantly impacts its community by providing affordable housing and essential support services to qualified low-income families. By operating a 16-unit apartment complex in Los Angeles, it ensures that individuals and families in distressed communities have access to safe and stable living environments.
The organization goes beyond mere housing provision; it actively promotes economic development by offering training, education, and technical assistance tailored to the needs of its residents. By equipping individuals with the necessary skills and resources, Pace helps foster independence and economic stability within these communities. This multifaceted approach not only addresses immediate housing needs but also lays the groundwork for long-term community development and empowerment.
In summary, Pace Economic Development Corporation is a vital resource in Los Angeles, addressing housing shortages and promoting economic self-sufficiency among low-income families.
This information is meant to be a general summary of Pace Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $414
- Program Service Revenue: $185,726
- Gross Receipts: $322,612
Assets and Liabilities:
- Total Assets: $1,191,881
- Total Liabilities: $1,858,374
- Net Assets: -$666,493
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$185,726
Organization Details
Founding Year
1975
Principal Officer
Kerry Doi
NTEE Category
Code: L22Z - Housing
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