Pac Development INC EIN 20-5763112

Pac Development INC

EIN  20-5763112 Mutual-benefit / member-serving Kansas City, MO
Form 990 (PDF) Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Pac Development INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Manages property income for a charitable foundation.
Leadership
David C Lady · President
Money in and out
$177K revenue, $185K expenses
Bottom line
-4% surplus margin

Manages property income for a charitable foundation. For fiscal year 2024 it reported $177K in revenue, $185K in expenses, and $11.1M in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$177K
Pt VIII · Ln 12
Total expenses
$185K
Pt IX · Ln 25
Net assets
$11.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8K
Where spending went · Part IX cols B–D
Management & general $1.00
Surplus margin
-4%
revenue over expenses, this year▼ -286% vs prior filing year
Program spending
0%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$177K
FY2024▼ -65%
Expenses
$185K
FY2024▼ -62%
Total assets
$11.1M
FY20240%
Total liabilities
$0
FY2024
Total revenue
$177K
Pt VIII · Ln 12
Total expenses
$185K
Pt IX · Ln 25
Net assets
$11.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$8K
Total assetsPt X · Ln 16$11.1M
Program-expense ratioPt IX · col B0%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 42

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPac Development INC
EINHdr · item D20-5763112
Principal addressHdr · item CKansas City, MO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMO
Exempt statusHdr · item I501(c)(2) · active
NTEE classificationIRS BMFCommunity Development (S47)
Ruling yearIRS BMFJul 2007

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b2
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
See Pac Development INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$135K · 76%
Other revenue$42K · 24%
Contributions & grants76%$135K
Other revenue24%$42K
Total revenueLn 12$177K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Management & general $1.00
Management & general100%$185K
Total functional expensesLn 25$185K

Balance Sheet

Part X · end of year
CashLn 1$18K
Total assetsLn 16$11.1M
Total liabilitiesLn 26$0
Total net assetsLn 32$11.1M
Months of cash on handcomputed1.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $18K · Operating expenses/yr $185K
1.2 months
Where the money goes
Program services
Program services $0 · Total expenses $185K
0%
Management & General
Management & general $185K · Total expenses $185K
100%
Fundraising
Fundraising $0 · Total expenses $185K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $337K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $135K · Total revenue $177K
76%
Government reliance
Government grants — · Total revenue $177K
Earned-income share
Program service revenue $0 · Total revenue $177K
0%
Investment reliance
Investment income $0 · Total revenue $177K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $185K
0%
Growth & trend
Revenue growth (YoY)
This year $177K · Prior year $504K
-65%
Revenue CAGR
FY2020 $152K · FY2024 $177K
+4%
Net-asset trend (YoY)
End of year $11.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $177K · Expenses $185K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $11.1M
Net-asset ratio
Net assets $11.1M · Total assets $11.1M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $11.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David C Lady · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $185K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $185K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Overhead ratio 100%
Fundraising cost ratio 0%
Revenue growth -65%
Legal fee ratio 0%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$177K revenue · viewing · ⤓ 990 PDF
FY2023$504K revenue · ⤓ 990 PDF
FY2022$2.2M revenue · ⤓ 990 PDF
FY2021$148K revenue · ⤓ 990 PDF
FY2020$152K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.