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Downtown Pasco Development Authority EIN 45-3169348

Downtown Pasco Development Authority

EIN  45-3169348 Public charity (501(c)(3)) Pasco, WA
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Size
$100K–1M
What they do
Develops downtown Pasco into a vibrant hub for culture, business, and community.
Leadership
Jerry Martinez · Executive Director · $47K
Money in and out
$763K revenue, $784K expenses
Bottom line
97% program efficiency

Develops downtown Pasco into a vibrant hub for culture, business, and community. For fiscal year 2022 it reported $763K in revenue, $784K in expenses, and $6K in net assets.Pt I

Where the money goes · FY2022
Total revenue
$763K
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$6K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$21K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Program efficiency
97%
of spending reaches programs▲ +1% vs prior filing year
Operating runway
0.0mo
months of highly liquid reserves at operating expense rate
Surplus margin
-3%
revenue over expenses, this year▲ +87% vs prior filing year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$763K
FY2022▲ +27%
Expenses
$784K
FY2022▲ +7%
Total assets
$24K
FY2022▼ -24%
Total liabilities
$18K
FY2022▲ +271%
Total revenue
$763K
Pt VIII · Ln 12
Total expenses
$784K
Pt IX · Ln 25
Net assets
$6K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$21K
Total assetsPt X · Ln 16$24K
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $759K of program spending, described in the organization's own filed words · FY2022.
01

Programs include a farmer's market to provide fresh healthy food with 55 vendors providing to 1,000 weekly attendees. The pasco specialty kitchen helps entrepreneurs open their food industry to business, in the current year 24 clients were served.

$759Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CDowntown Pasco Development Authority
EINHdr · item D45-3169348
Principal addressHdr · item CPasco, WA
WebsiteHdr · item Jwww.downtownpasco.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFMar 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Jerry Martinez
Executive Director
$46,800Pt VII · Sec A
Kylie Grimes
Secretary
$0Pt VII · Sec A
Claudia Tapia
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Jose Iniquez
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jerry Martinez’s $47K as Executive Director is at the 26th percentile of top reported officer pay among 1711 $100K–1M community development 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 · 2 named individuals · Part VII

NameFY2022FY2021FY2020
Gustavo Gutierrez Gomez—$47,251$82,200
Jerry Martinez$46,800——

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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Statement of Revenue

Part VIII
Contributions & grants$540K · 71%
Program service revenue$222K · 29%
Contributions & grants71%$540K
Program service revenue29%$222K
Other revenue$2K
— government grantsLn 1e$311K
Total revenueLn 12$763K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$759K
Management & general3%$25K
Total functional expensesLn 25$784K

Balance Sheet

Part X · end of year
CashLn 1$2K
Total assetsLn 16$24K
Total liabilitiesLn 26$18K
Total net assetsLn 32$6K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2K · Operating expenses (Pt IX) $784K · Less non-cash grants $15K · Cash operating expenses/yr $769K
0.0 months
Where the money goes
Program services
Program services $759K · Total expenses $784K
97%
Management & General
Management & general $25K · Total expenses $784K
3%
Fundraising
Fundraising $0 · Total expenses $784K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $320K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $540K · Total revenue $763K
71%
Government reliance
Government grants $311K · Total revenue $763K
41%
Earned-income share
Program service revenue $222K · Total revenue $763K
29%
Investment reliance
Investment income $0 · Total revenue $763K
0%
Program self-sufficiency
Program service revenue $222K · Total expenses $784K
28%
Growth & trend
Revenue growth (YoY)
This year $763K · Prior year $602K
+27%
Net-asset trend (YoY)
End of year $6K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $763K · Expenses $784K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $24K
—
Net-asset ratio
Net assets $6K · Total assets $24K
25%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $24K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jerry Martinez · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $47K · Total expenses $784K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $285K · Total expenses $784K
36%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth 27%——
Accounting fee ratio 3%——

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Group Health FoundationFY2023$8K
Amazonsmile FoundationFY2023$5
Total grants receivedfrom 2 funders$8K
Grants paid · 16 grants · $205K · 2020–2021
Unitemized GrantFY2021$65,372
Llanes BoutiqueFY2021$10,000
Salon Monte CarloFY2021$7,000
Unitemized GrantFY2020$25,601
Llanes BoutiqueFY2020$13,200
Lizbeth PeluqueriaFY2020$11,000
Chica DoradaFY2020$10,000
Joyeria Alex LLCFY2020$8,795
Gala ExpressFY2020$8,748
Cdi & Associates LLCFY2020$8,639
Todo Para Fut-Bol Y MasFY2020$8,000
Beauty ZoneFY2020$8,000
Dreams Fashion Clothing StoreFY2020$7,000
Olga's Barber and Beauty SalonFY2020$5,000
La VaqueritaFY2020$5,000
Unitemized GrantFY2020$4,000

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Mason City Downtown AssociationIA
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Main Street PascagoulaMS
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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2022 (Latest)$763K revenue · viewing · ⤓ 990 PDF
FY2021$602K revenue · ⤓ 990 PDF
FY2020$770K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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