Pahc Properties Corporation
- Assets
- $26.6m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Palo Alto, CA
- Founding
- 01/1970
- Data as of
- 12/2022
- EIN
- 23-7050326
Organization Overview
Pahc Properties Corporation is located in Palo Alto, CA. The organization was established in 1970. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pahc Properties Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Pahc Properties Corporation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (11.9%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AND MAINTAIN LOW AND MODERATE INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING DECENT AFFORDABLE HOUSING FOR LOW INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Mccown Chair | OfficerTrustee | 1 | $0 |
Jack Thompson Vice Chair | OfficerTrustee | 1 | $0 |
Bonnie Packer Secretary | OfficerTrustee | 1 | $0 |
Menka Sethi Treasurer | OfficerTrustee | 1 | $0 |
Joseph Martignetti Jr Vice Chair | OfficerTrustee | 1 | $0 |
Margaret Sloan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,559,297 |
| Investment income | $6,566 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,565,863 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $144,968 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $115,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $54,597 |
| Payroll taxes | $8,092 |
| Fees for services: Management | $246,040 |
| Fees for services: Legal | $256 |
| Fees for services: Accounting | $73,739 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $133,955 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $858,636 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $237,300 |
| Insurance | $58,078 |
| All other expenses | $17,281 |
| Total functional expenses | $2,554,144 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,958,240 |
| Savings and temporary cash investments | $789,609 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $71,574 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,190 |
| Net Land, buildings, and equipment | $11,821,037 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $5,537,618 |
| Intangible assets | $0 |
| Other assets | $5,372,623 |
| Total assets | $26,558,891 |
| Accounts payable and accrued expenses | $31,688 |
| Grants payable | $0 |
| Deferred revenue | $36,864 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $20,905,698 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $214,432 |
| Total liabilities | $21,188,682 |
| Net assets without donor restrictions | $5,370,209 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $26,558,891 |