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EIN 27-1285566

PACE Finance Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Los Angeles
State
California
Year formed
2009
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
PACE Finance Corporation offers financial services and products to low and moderate income communities. It provides customized loans for small businesses with fair and flexible terms that cover diverse business needs such as equipment purchases, working capital, and acquisitions.
Related structure
PACE Finance Corporation is a subordinate organization under Pacific Asian Consortium in Employment (PACE).
Total revenues
$4,424,340
2022
Total expenses
$1,437,374
2022
Total assets
$17,367,891
2022
Num. employees
0
2022

Program areas at PACE Finance Corporation

Small business microloan program:pace Finance Corporation provides customized loans with fair and flexible terms and can be used for a wide-variety of business needs, including equipment purchases, working capital and acquisitions.

Who funds PACE Finance Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Local Initiatives Support CorporationSee Part Iv$100,000

Personnel at PACE Finance Corporation

NameTitleCompensation
Rachelle ArizmendiChief Financial Officer Thru Feb$0
William ChunChief Financial Officer Sept$0
Kerry DoiPresident$0
Kyong Grace ChoiController
Jon MayedaSecretary$0
...and 1 more key personnel

Financials for PACE Finance Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$4,065,033
Program services$359,307
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,424,340

Form 990s for PACE Finance Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122023-10-20990View PDF
2021-122022-11-14990View PDF
2020-122021-09-30990View PDF
2019-122020-10-16990View PDF
2018-122020-01-23990View PDF
...and 9 more Form 990s
Data update history
April 19, 2024
Updated personnel
Identified 1 new personnel
January 2, 2024
Received grants
Identified 1 new grant, including a grant for $100,000 from Local Initiatives Support Corporation
November 29, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 29, 2023
Updated personnel
Identified 1 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
HealthDiseases and disordersCommunity improvementEconomic development
Characteristics
State / local levelReceives government fundingTax deductible donationsNo full-time employees
General information
Address
1055 Wilshire Blvd 1475
Los Angeles, CA 90017
Metro area
Los Angeles-Long Beach-Anaheim, CA
County
Los Angeles County, CA
Phone
(213) 353-3982
IRS details
EIN
27-1285566
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Subordinate organization
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