Pacific Housing Development INC: FY2022 Nonprofit Profile & Form 990 (EIN 30-0273769)

Revenue by fiscal year
FY2020	$68K
FY2021	$73K
FY2022	$76K
FY2023	$80K
FY2024	$87K

Expenses by fiscal year
FY2020	$126K
FY2021	$118K
FY2022	$131K
FY2023	$127K
FY2024	$140K

Net assets by fiscal year
FY2020	−$733K
FY2021	−$778K
FY2022	−$833K
FY2023	−$880K
FY2024	−$934K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2004.

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

Where the money goes

80 cents of each dollar spent went to programs.

80%

20%

Program services 80% · $104K Management & general 20% · $27K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation

Lloyd Kajikawa

President

$0Pt VII · Sec A

Takao Suzuki

Treasurer/Secretary

$0Pt VII · Sec A

Hoi Wang

Director

$0Pt VII · Sec A

Kathy Masaoka

Director

$0Pt VII · Sec A

Dr Winnie Hsieh

Director

$0Pt VII · Sec A

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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 15aNo

Programs and updates

Provides housing for low-income individuals with disabilities.

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1 program · $104K · in their own filed words · FY2022

01

Pacific housing development, inc. Is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of california on february 27, 2004. The corporation was formed for the purpose of operating a 6 unit community known as pacific housing development located in monterey park, california, which provides…

$104Kprogram expense

By the numbers

The FY2022 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$76K

Ln 12

Gifts and grantsLn 1h$56K

Fees for servicesLn 2g$19K

Other incomeLn 4–11$2K

Money outPt IX

$131K

Ln 25

Programscol B$104K

Managementcol C$27K

Owns and owesPt X

−$833K

net assets · Ln 32

Cash and savingsLn 1–2$1K

Total assetsLn 16$1.5M

LiabilitiesLn 26$2.3M

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a5

IndependentVI 1b5

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$56K

Government grantsLn 1e$56K

Fees for servicesLn 2g$19K

Investment incomeLn 3$9

Other incomeLn 4–11$2K

Total revenueLn 12$76K

Assets in detailPt X, end of year

CashLn 1$1K

Cash and savings togetherLn 1–2$1K

InvestmentsLn 11–13$19K

Land, buildings, equipmentLn 10c$1.4M

Other assetsLn 15$2K

Total assetsLn 16$1.5M

LiabilitiesLn 26$2.3M

Net assetsLn 32−$833K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

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

Line	Start FY22	End FY22
Cash and savingsLn 1–2	$3K	$1K
InvestmentsLn 11–13	$17K	$19K
Land, buildings, equipmentLn 10c	$1.5M	$1.4M
Total assetsLn 16	$1.5M	$1.5M
LiabilitiesLn 26	$2.3M	$2.3M
Net assetsLn 32	−$778K	−$833K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Management feesLn 11a	$9K		$9K
Accounting feesLn 11c	$6K		$6K
Office expensesLn 13	$12K		$12K
OccupancyLn 16	$68K	$68K
Depreciation, depletion and amortizationLn 22	$22K	$22K
InsuranceLn 23	$895	$895
Other expenses (24a–d)Ln 24	$13K	$13K
Total functional expensesLn 25	$131K	$104K	$27K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$87K	$140K	−$53K	−$934K	990 PDF
FY2023	$80K	$127K	−$47K	−$880K	990 PDF
FY2022 Viewing	$76K	$131K	−$55K	−$833K	990 PDF
FY2021	$73K	$118K	−$45K	−$778K	990 PDF
FY2020	$68K	$126K	−$58K	−$733K	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 FY2022 990 (6 parts)

Part I · Summary $76,472 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $54,180$55,570

I-9 Program service revenuePrior year $17,683$19,194

I-10 Investment incomePrior year $27$9

I-11 Other revenuePrior year $765$1,699

I-12 Total revenuePrior year $72,655$76,472

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $117,754$131,266

I-18 Total expensesPrior year $117,754$131,266

I-19 Revenue less expensesPrior year −$45,099−$54,794

Part VI · Governance 5 of 5 board members independent, 1 to look at

VI-1a Voting members of the governing body5

VI-1b Independent voting members5

VI-15a Process for setting top official's payNo

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

Part VIII · Statement of revenue $76,472 across 6 lines filed

VIII-1e Government grants$55,570

VIII-1h Total contributions, gifts and grants$55,570

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,194$19,194

VIII-3 Investment incomeExcluded from tax $9$9

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,699$1,699

VIII-12 Total revenueRelated to mission $19,194 · Unrelated business $0 · Excluded from tax $1,708$76,472

Part IX · Statement of functional expenses $131,266 across 7 lines filed

IX-11a Management feesManagement $8,603$8,603

IX-11c Accounting feesManagement $6,240$6,240

IX-13 Office expensesManagement $12,044$12,044

IX-16 OccupancyPrograms $68,334$68,334

IX-22 Depreciation, depletion and amortizationPrograms $22,018$22,018

IX-23 InsurancePrograms $895$895

IX-24 Other expenses (24a–d)Programs $13,132$13,132

IX-25 Total functional expensesPrograms $104,379 · Management $26,887 · Fundraising $0$131,266

Part X · Balance sheet $1,460,706 assets, 14 lines filed

X-1 Cash, non-interest-bearingStart of year $3,394$1,029

X-4 Accounts receivableStart of year $132$552

X-9 Prepaid expenses and deferred chargesStart of year $3,634$3,979

X-10c Land, buildings and equipment, netStart of year $1,455,958$1,433,940

X-13 Program-related investmentsStart of year $17,126$19,352

X-15 Other assetsStart of year $1,854$1,854

X-16 Total assetsStart of year $1,482,098$1,460,706

X-17 Accounts payable and accrued expensesStart of year $10,072$16,877

X-19 Deferred revenueStart of year $218$0

X-25 Other liabilitiesStart of year $379,967$406,782

X-26 Total liabilitiesStart of year $2,260,017$2,293,419

X-27 Net assets without donor restrictionsStart of year −$777,919−$832,713

X-32 Total net assets or fund balancesStart of year −$777,919−$832,713

X-33 Total liabilities and net assetsStart of year $1,482,098$1,460,706

Part XI · Reconciliation of net assets −$832,713 net assets at year end

XI-1 Total revenue$76,472

XI-2 Total expenses$131,266

XI-3 Revenue less expenses−$54,794

XI-4 Net assets at start of year−$777,919

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year−$832,713

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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Pacific Housing Development INC FY2022 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Pacific Housing Development INC

By the numbers

Filing history

Schedules filed Part IV