Pafacom INC FY2024 filing

Tax-deductible

Vineland, NJ501(c)(3)Since 1998HousingEIN 22-3553257Revenue $5.7M in FY2024

On file with the IRSpafacom.org1301 W Forest Grove Rd Ste 3, 08360-1501 · Vineland, NJTax-exempt since Apr 1998Publicly supported charity — 170(b)(1)(A)(vi)

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To enable and support people with developmental disabilities to live their lives as independently as they are able including working, participating and contributing in the everyday

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$245K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $2.1M a year · 33% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$245K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
28 mo
of spending, in cash
Looks good: 28.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.0M
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.7M
+11% vs prior year
Spent
$3.9M
To programs
85%
Net assets
$16.5M
By yearFY2020–FY2025
Revenue
$5.7M
FY2024▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$8.2M
FY2021$7.4M
FY2022$6.0M
FY2023$5.2M
FY2024$5.7M
FY2025$6.5M
Expenses
$3.9M
FY2024▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.4M
FY2021$4.7M
FY2022$4.0M
FY2023$4.0M
FY2024$3.9M
FY2025$3.9M
Net assets
$16.5M
FY2024▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$9.2M
FY2021$11.9M
FY2022$13.4M
FY2023$14.6M
FY2024$16.5M
FY2025$19.9M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $3.3M Management & general 15% · $590K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

8 people listed on the 990; $245K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$113,595Pt VII · Sec A
$60,657Pt VII · Sec A
$42,919Pt VII · Sec A
$27,885Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee Sec/Treas
$0Pt VII · Sec A
Trustee President
$0Pt VII · Sec A

Michelle T Vernamonti’s $132K as CEO is at the 60th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michelle T Vernamonti$132,104$113,595$115,827$113,440$110,793$111,573
Shirley Bergholtz$78,600$60,657————
Linda Ganassi—$27,885$51,407$64,586$64,339$36,562
Joanne R Zieger$49,046$42,919$57,089$56,743$41,470$54,990
Mary Jo Bernardo—————$45,645

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowering individuals with developmental disabilities to live independently and participate fully in community life.

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Provided by the organization

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2 programs · $3.3M · in their own filed words · FY2023
01

Construction and operation of group homes and apartment complexes that provide year-round controlled living arrangements along with long-term care to citizens with developmental disabilities released from the Vineland State School.

$2.7Mprogram expense
02

Operation of a year-round adult training center that allows approximately 115 developmentally disabled individuals to participate in various day programs and supported employment services. Currently, the training centers offers the following programs and services: Community Programming (community-based educational activities as well as…

$681Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.7M
Ln 12
Fees for servicesLn 2g$5.4M
Investment incomeLn 3$291K
Other incomeLn 4–11$100
Money outPt IX
$3.9M
Ln 25
Programscol B$3.3M
Managementcol C$590K
Owns and owesPt X
$16.5M
net assets · Ln 32
Cash and savingsLn 1–2$9.3M
Total assetsLn 16$18.5M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
8
listed · VII A
PaidVII A4
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$5.4M
Investment incomeLn 3$291K
Other incomeLn 4–11$100
Gains on assetsLn 7$18K
Total revenueLn 12$5.7M
Assets in detailPt X, end of year
CashLn 1$3K
SavingsLn 2$9.3M
Cash and savings togetherLn 1–2$9.3M
InvestmentsLn 11–13$6.1M
Land, buildings, equipmentLn 10c$2.7M
Other assetsLn 15$7K
Total assetsLn 16$18.5M
LiabilitiesLn 26$2.0M
Net assetsLn 32$16.5M
OperationsPt I, VI
EmployeesI 595
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$12.4M$9.3M
InvestmentsLn 11–13$983K$6.1M
Land, buildings, equipmentLn 10c$2.8M$2.7M
Total assetsLn 16$16.6M$18.5M
LiabilitiesLn 26$2.0M$2.0M
Net assetsLn 32$14.6M$16.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$274K$54K$220K$0
Pay of disqualified personsLn 6$1.5M$1.4M$132K$0
Pension plan contributionsLn 8$48K$29K$19K$0
Other employee benefitsLn 9$193K$129K$65K$0
Payroll taxesLn 10$200K$164K$36K$0
Accounting feesLn 11c$39K$0$39K$0
Other fees for servicesLn 11g$623K$623K$0$0
Advertising and promotionLn 12$24K$20K$4K$0
Office expensesLn 13$61K$48K$13K$0
Information technologyLn 14$36K$28K$8K$0
OccupancyLn 16$501K$469K$32K$0
TravelLn 17$127K$126K$2K$0
Conferences, conventions and meetingsLn 19$11K$9K$2K$0
Depreciation, depletion and amortizationLn 22$102K$102K$0$0
InsuranceLn 23$72K$57K$15K$0
Other expenses (24a–d)Ln 24$94K$89K$5K$0
Total functional expensesLn 25$3.9M$3.3M$590K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.5M$3.9M$2.6M$19.9M 990 PDF
FY2024 Viewing $5.7M$3.9M$1.8M$16.5M 990 PDF
FY2023 $5.2M$4.0M$1.1M$14.6M 990 PDF
FY2022 $6.0M$4.0M$1.9M$13.4M 990 PDF
FY2021 $7.4M$4.7M$2.7M$11.9M 990 PDF
FY2020 $8.2M$5.4M$2.8M$9.2M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $5,739,795 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $13,676$0
I-9 Program service revenuePrior year $5,070,122$5,448,205
I-10 Investment incomePrior year $59,908$291,490
I-11 Other revenuePrior year $11,516$100
I-12 Total revenuePrior year $5,155,222$5,739,795
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,384,619$2,246,809
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,630,145$1,690,145
I-18 Total expensesPrior year $4,014,764$3,936,954
I-19 Revenue less expensesPrior year $1,140,458$1,802,841
Part VI · Governance 4 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,739,795 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$5,448,205
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $273,245$273,245
VIII-7 Net gain or loss on sales of assetsRelated to mission $18,245 · Unrelated business $0 · Excluded from tax $0$18,245
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $100 · Unrelated business $0 · Excluded from tax $0$100
VIII-12 Total revenueRelated to mission $5,466,550 · Unrelated business $0 · Excluded from tax $273,245$5,739,795
Part IX · Statement of functional expenses $3,936,954 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $54,300 · Management $219,722 · Fundraising $0$274,022
IX-6 Pay of disqualified personsPrograms $1,399,891 · Management $131,686 · Fundraising $0$1,531,577
IX-8 Pension plan contributionsPrograms $29,399 · Management $18,526 · Fundraising $0$47,925
IX-9 Other employee benefitsPrograms $128,591 · Management $64,753 · Fundraising $0$193,344
IX-10 Payroll taxesPrograms $163,578 · Management $36,363 · Fundraising $0$199,941
IX-11c Accounting feesPrograms $0 · Management $39,217 · Fundraising $0$39,217
IX-11g Other fees for servicesPrograms $622,666 · Management $0 · Fundraising $0$622,666
IX-12 Advertising and promotionPrograms $19,877 · Management $3,935 · Fundraising $0$23,812
IX-13 Office expensesPrograms $47,532 · Management $13,166 · Fundraising $0$60,698
IX-14 Information technologyPrograms $28,337 · Management $8,082 · Fundraising $0$36,419
IX-16 OccupancyPrograms $469,261 · Management $31,541 · Fundraising $0$500,802
IX-17 TravelPrograms $125,684 · Management $1,700 · Fundraising $0$127,384
IX-19 Conferences, conventions and meetingsPrograms $9,378 · Management $2,019 · Fundraising $0$11,397
IX-22 Depreciation, depletion and amortizationPrograms $102,297 · Management $0 · Fundraising $0$102,297
IX-23 InsurancePrograms $56,704 · Management $14,846 · Fundraising $0$71,550
IX-24 Other expenses (24a–d)Programs $88,977 · Management $4,926 · Fundraising $0$93,903
IX-25 Total functional expensesPrograms $3,346,472 · Management $590,482 · Fundraising $0$3,936,954
Part X · Balance sheet $18,520,537 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $2,700$2,613
X-2 Savings and temporary cash investmentsStart of year $12,428,477$9,263,390
X-4 Accounts receivableStart of year $408,765$482,221
X-10c Land, buildings and equipment, netStart of year $2,791,562$2,689,266
X-11 Publicly traded securitiesStart of year $983,055$6,075,946
X-15 Other assetsStart of year $4,394$7,101
X-16 Total assetsStart of year $16,618,953$18,520,537
X-17 Accounts payable and accrued expensesStart of year $252,551$236,521
X-26 Total liabilitiesStart of year $2,047,026$2,030,996
X-27 Net assets without donor restrictionsStart of year $14,571,927$16,489,541
X-32 Total net assets or fund balancesStart of year $14,571,927$16,489,541
X-33 Total liabilities and net assetsStart of year $16,618,953$18,520,537
Part XI · Reconciliation of net assets $16,489,541 net assets at year end
XI-1 Total revenue$5,739,795
XI-2 Total expenses$3,936,954
XI-3 Revenue less expenses$1,802,841
XI-4 Net assets at start of year$14,571,927
XI-5 Net unrealized gains (losses) on investments$114,773
XI-10 Net assets at end of year$16,489,541

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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