Everest Pace Center Inc is located in Chester, PA. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Everest Pace Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Everest Pace Center 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 12/2022, Everest Pace Center Inc generated $320.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.1%) each year. All expenses for the organization totaled $288.2k during the year ending 12/2022. 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 COMPREHENSIVE ALL INCLUSIVE CARE AND HOUSING FOR LOW INCOME ELDERLY IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVEREST PACE CENTER SUPPORTED OTHER NON-PROFIT ORGANIZATIONS THROUGH DONATIONS TO FOOD BANKS AND OTHER ASIAN NON-PROFITS THAT HELP WITH THE RELIEF OF THE POOR, UNDERPRIVILEGED, AND DISTRESSED INDIVIDUALS ON LOW INCOME COMMUNITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Xiaobin Li MD President | OfficerTrustee | 5 | $0 |
Tracy Sun Treasurer | OfficerTrustee | 5 | $0 |
Yoyo Yu Secretary | OfficerTrustee | 5 | $0 |
Ying Chen Board Member | Trustee | 2 | $0 |
Yi Cheng Board Member | Trustee | 2 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $20,082 |
All other contributions, gifts, grants, and similar amounts not included above | $300,300 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $320,382 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $320,382 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $9,740 |
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 | $104,913 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $9,355 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $43,948 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $26,620 |
Advertising and promotion | $2,766 |
Office expenses | $9,674 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $34,805 |
Travel | $914 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $2,034 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,472 |
Insurance | $2,871 |
All other expenses | $1,330 |
Total functional expenses | $288,238 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $620,460 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $7,451 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $300,000 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $1,255,779 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $291,738 |
Total assets | $2,475,428 |
Accounts payable and accrued expenses | $757,639 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $764,980 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $291,738 |
Total liabilities | $1,814,357 |
Net assets without donor restrictions | $0 |
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 | $661,071 |
Total liabilities and net assets/fund balances | $2,475,428 |