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Nonprofiteer
← PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP

Form 990 for tax year 2024

Filed by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP.

Totals

Total revenue
$9,146,318
Total expenses
$2,278,417
Contributions and grants received
$7,305
Grants paid
$0
Program service revenue
$9,065,824
Investment income
$43,166
Other revenue
$30,023
Total assets, end of year
$67,009,769
Total liabilities, end of year
$17,092,942
Net assets or fund balances, end of year
$49,916,827
Program services expenses (Part IX)
$2,106,045
Management and general expenses
$172,372
Fundraising expenses
$0
Program service expenses (Part III)
$2,106,045

Program services were 92.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $7,305

  • 2a · Program service revenue: PARTNERSHIP FEES

    total $7,531,330 · related or exempt $7,531,330

  • 2b · Program service revenue: PROGRAM INCOME

    total $1,534,494 · related or exempt $1,534,494

  • 3 · Investment income

    total $43,166 · related or exempt $42,993 · excluded $173

  • 11a · Other revenue: MISCELLANEOUS

    total $30,023 · related or exempt $30,023

  • 11e · Other revenue, total

    $30,023

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $483,010 · program services $434,709 · management and general $48,301

  • 7 · Other salaries and wages

    total $1,036,638 · program services $1,036,638

  • 8 · Pension plan contributions

    total $10,433 · program services $10,433

  • 9 · Other employee benefits

    total $83,774 · program services $83,774

  • 10 · Payroll taxes

    total $112,049 · program services $100,844 · management and general $11,205

  • 11b · Fees: legal

    total $1,600 · management and general $1,600

  • 11c · Fees: accounting

    total $75,858 · management and general $75,858

  • 11g · Fees: other

    total $48,006 · program services $40,614 · management and general $7,392

  • 13 · Office expenses

    total $23,962 · program services $11,981 · management and general $11,981

  • 14 · Information technology

    total $26,599 · program services $22,503 · management and general $4,096

  • 16 · Occupancy

    total $33,894 · program services $33,894

  • 17 · Travel

    total $6,740 · program services $6,740

  • 20 · Interest

    total $9,600 · program services $9,600

  • 23 · Insurance

    total $18,022 · program services $6,083 · management and general $11,939

  • 24a · Other expenses: PROGRAM EXPENSES

    total $182,373 · program services $182,373

  • 24b · Other expenses: GRANT AND CONTRACT EXPE

    total $87,685 · program services $87,685

  • 24c · Other expenses: TAXES AND PERMITS

    total $34,779 · program services $34,779

  • 24d · Other expenses: MISCELLANEOUS

    total $3,395 · program services $3,395

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,229,608 · end of year $1,791,034

  • 2 · Savings and temporary cash investments

    beginning of year $105,533 · end of year $105,546

  • 4 · Accounts receivable

    beginning of year $1,851,745 · end of year $2,660,418

  • 7 · Other notes and loans receivable

    beginning of year $19,684,686 · end of year $24,081,931

  • 9 · Prepaid expenses and deferred charges

    beginning of year $13,136 · end of year $13,136

  • 10a · Land, buildings and equipment: cost or other basis

    $43,685

  • 10b · Land, buildings and equipment: accumulated depreciation

    $43,685

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $32,600,300 · end of year $38,357,704

  • 23 · Secured mortgages and notes payable

    beginning of year $11,667,786 · end of year $16,957,660

  • 24 · Unsecured notes and loans payable

    beginning of year $85,296 · end of year $76,196

  • 25 · Other liabilities

    beginning of year $59,086 · end of year $59,086

  • 27 · Net assets without donor restrictions

    beginning of year $43,672,840 · end of year $49,916,827

Mission and programs · 2024

Mission

THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY AS AN IRC 501(C)(3) CHARITABLE ORGANIZATION TO CONSTRUCT, PROVIDE, SPONSOR, MANAGE, REHABILITATE, AND PRESERVE AFFORDABLE HOUSING AND TO CREATE OPPORTUNITIES FOR ECONOMIC DEVELOPMENT.

  • THE NON-PROFIT CORPORATION PROVIDES SERVICES IN CONNECTION WITH SPONSORSHIP, MANAGEMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE HOUSING BY ACTING AS A MANAGING GENERAL PARTNER FOR LOW AND MODERATE INCOME PROPERTIES LOCATED IN CALIFORNIA. IT'S INVESTMENTS ALSO INCLUDE CARRYING BELOW MARKET RATE LOANS ON THESE INVESTMENTS. THE ORGANIZATION UTILIZES THIS INCOME TO SERVE MORE THAN 8000 FAMILIES WITH COMPREHENSIVE SERVICES THAT BESIDES THE ABOVE MENTIONED ALSO INCLUDES 1) YOUTH SERVICES I.E. COMPUTER ENRICHMENT AND READING PROGRAMS; 2) ADULT SERVICES I.E. ENGLISH AS A SECOND LANGUAGE; 3) SENIOR SERVICES I.E. HEALTH, FITNESS, AND TRANSPORTATION; AND 4) OTHER I.E. FOOD PROGRAMS AND CRIME PREVENTION.

    Expenses $2,106,045 · Revenue $9,065,824

As filed on the 2024 return.

Listed in Part VII

  • Michael T Walsh

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    2

  • Tony Reyes

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Tom Dubose

    MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Robert W Laing

    PRESIDENT/EXECUTIVE DIRECT

    Total calculated
    $333,170
    From this org
    $320,250
    From related orgs
    $0
    Other
    $12,920
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $261,250
    Bonus
    $59,000
    Other
    $0
    Deferred
    $12,920
    Nontaxable benefits
    $0
    Filer's total
    $333,170

  • Juan P Arroyo

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $149,840
    From this org
    $149,840
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • AVIARA PSCDC LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • GRANITE POINTE MGP LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • OAKLAND VENTURE MGP LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PACIFIC SCDC MGP LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PINOLE PSCDC LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC 3481 VISTA LANE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC AE DIAMOND VALLEY LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC AE-1 DIAMOND VALLEY LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC AE-2 DIAMOND VALLEY LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC AE-3 DIAMOND VALLEY LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC ALDEA PARK LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC AVALON NICOLET

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC BALER LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC DELIVERANCE LLC

    RENTAL OF LOW INCOME HOUSING · CA · income $12,299

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC DIAMOND SPRINGS TWO LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC DIAMOND VALLEY LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC DRY CREEK CROSSING

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC EL DORADO ONE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC EL DORADO TWO LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC FOUR LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC HEBER DEL SOL LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC ISLAND LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC LACOUNTY LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC MALLARD LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC MCKINNEY LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC MIDDLETOWN LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC MORRO DEL MAR LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC NAPA COVE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC NATIONAL AV LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC ONE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC PARDES 1 LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC PINNACLE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC PRAIRIE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC PRIME SD LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC SALTAIR LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC SCOTTS LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC SFV LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC SOHI LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC THE BLUFFS LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC THE GRANT LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC THREE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC TWO LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC WESTSIDE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PSCDC WIGHTMAN PLACE LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

  • PUEBLO PSCDC LLC

    RENTAL OF LOW INCOME HOUSING · CA

    Directly controlled by PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513159349306631

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