EIN 27-1285566

PACE Finance Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2009
Most recent tax filings
2023-12-01
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
$1,408,934
2023
20192020202120222023$1m$5m
Total expenses
$1,179,704
2023
20192020202120222023$0$1m$2m
Total assets
$18,578,108
2023
20192020202120222023$11m$15m$19m
Num. employees
0
2023
2019202020212022202300.51

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 N DoiPresident$0
Kyong Grace ChoiController
Jon MayedaSecretary / Board Member$0
...and 1 more key personnel

Financials for PACE Finance Corporation

RevenuesFYE 12/2023
Total grants, contributions, etc.$942,357
Program services$466,577
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$1,408,934

Form 990s for PACE Finance Corporation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-12990View PDF
2022-122023-10-20990View PDF
2021-122022-11-14990View PDF
2020-122021-09-30990View PDF
2019-122020-10-16990View PDF
...and 10 more Form 990s
Data update history
April 19, 2024
Updated personnel
Identified 1 new personnel
April 19, 2024
Used new vendors
Identified 1 new vendor, including
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
Nonprofit Types
Business and community development organizationsChapter / child organizationsCharities
Issues
HealthDiseases and disordersCommunity improvementEconomic development
Characteristics
Provides grantsState / 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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current - In Process
FTB status revoked
Not revoked
AG Registration Number
CT0197617
FTB Entity ID
3237090
AB 488 data last updated ("as-of") date
2024-12-31
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