Pace Qalicb Inc

Organization Overview

Pace Qalicb Inc is located in Elizabeth, NJ. The organization was established in 2010. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pace Qalicb Inc 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 11/2021, Pace Qalicb Inc generated $1.2m 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 (4.0%) each year. All expenses for the organization totaled $2.0m during the year ending 11/2021. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ASSIST THE ELIZABETH PARKING AUTHORITY BY SERVING AS A QUALIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE REVENUE WHICH WILL ALLOW THE ENTITY TO PROVIDE A PARKING FACILITY IN AN AREA DEEMED AS A QAULIFIED ACTIVE LOW-INCOME COMMUNITY BUSINESS DISTRICT.


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Board, Officers & Key Employees

Name (title)Compensation
Carla Mazza
President
$0
Carlos Alma
Secretary
$0
Daniel P Sullivan
Trustee
$0
Al Faella
Trustee
$0
Carlos Sanchez
Trustee
$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$1,174,936
Investment income $162
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 $1,175,098

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