Nonprofit · EIN 33-0673939
PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP
Tax-exempt · SAN DIEGO, CA 92127
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,146,318 | $2,278,417 | $6,867,901 | $67,009,769 | $17,092,942 | $49,916,827 |
| December 31, 2023 | 990 | $8,729,813 | $6,761,814 | $1,967,999 | $55,485,008 | $11,812,168 | $43,672,840 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,305
- Program service revenue
- $9,065,824
- Investment income
- $43,166
- Other revenue
- $30,023
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $483,010
- Other salaries and wages
- $1,036,638
- Salaries, compensation and benefits (total)
- $1,725,904
- Professional fundraising fees
- $0
- Legal fees
- $1,600
- Accounting fees
- $75,858
- Occupancy
- $33,894
- Travel
- $6,740
- Program services (functional)
- $2,106,045
- Management and general (functional)
- $172,372
Balance sheet and other
- Total assets, start of year
- $55,485,008
- Total assets, end of year
- $67,009,769
- Total liabilities, end of year
- $17,092,942
- Net assets, end of year
- $49,916,827
- Net assets without donor restrictions
- $49,916,827
- Gross receipts
- $9,146,318
- Employees
- 45
- Volunteers
- 85
- Year formed
- 1996
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT W LAING | PRESIDENT/EXECUTIVE DIRECT Trustee or director, Officer | 40 | $320,250 | $12,920 |
| JUAN P ARROYO | EXECUTIVE VICE PRESIDENT Officer | 40 | $149,840 | $0 |
| MICHAEL T WALSH | CHAIRMAN OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| TONY REYES | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| TOM DUBOSE | MEMBER Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ROBERT W LAING | PRESIDENT/EXECUTIVE DIRECT Trustee or director, Officer | 40 | $300,618 | $22,526 |
| JUAN P ARROYO | EXECUTIVE VICE PRESIDENT Officer | 40 | $143,766 | $4,080 |
| MICHAEL T WALSH | CHAIRMAN OF THE BOARD Trustee or director, Officer | 2 | $0 | $0 |
| TONY REYES | SECRETARY/TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| TOM DUBOSE | MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 16935 W BERNARDO DR STE 238, SAN DIEGO, CA 92127-1636
- Principal officer (990 for 2024)
- ROBERT W LAING, 16935 WEST BERNARDO DRIVE 238, SAN DIEGO, CA 92127
- Signed the 990
- ROBERT W LAING, PRESIDENT/EXECUTIVE DIRECTOR
- Phone
- (858) 675-0506
- Website
- WWW.PSWCDC.ORG
- Return prepared by
- DAVIS FARR LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 33-0673939 or by the name PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY AS AN IRC 501(C)(3) CHARITABLE ORGANIZATION TO CONSTRUCT, PROVIDE, SPONSOR, MANAGE, REHABILITATE, AND PRESERVE AFFORDABLE HOUSING AND TO CREATE OPPORTUNITIES FOR ECONOMIC DEVELOPMENT.
Program accomplishments
- THE NON-PROFIT CORPORATION PROVIDES SERVICES IN CONNECTION WITH SPONSORSHIP, MANAGEMENT, REHABILITATION, AND PRESERVATION OF AFFORDABLE HOUSING BY ACTING AS A MANAGING GENERAL PARTNER FOR LOW AND MODERATE INCOME PROPERTIES LOCATED IN CALIFORNIA. IT'S INVESTMENTS ALSO INCLUDE CARRYING BELOW MARKET RATE LOANS ON THESE INVESTMENTS. THE ORGANIZATION UTILIZES THIS INCOME TO SERVE MORE THAN 8000 FAMILIES WITH COMPREHENSIVE SERVICES THAT BESIDES THE ABOVE MENTIONED ALSO INCLUDES 1) YOUTH SERVICES I.E. COMPUTER ENRICHMENT AND READING PROGRAMS; 2) ADULT SERVICES I.E. ENGLISH AS A SECOND LANGUAGE; 3) SENIOR SERVICES I.E. HEALTH, FITNESS, AND TRANSPORTATION; AND 4) OTHER I.E. FOOD PROGRAMS AND CRIME PREVENTION.Expenses $2,106,045 · revenue $9,065,824
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 33-0673939
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L200)
- Assets (IRS master file)
- $67,009,769
- Income (IRS master file)
- $9,146,318
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,146,318 | $2,278,417 | $67,009,769 | XML |
| 990 | December 2023 | $8,729,813 | $6,761,814 | $55,485,008 | XML |
| 990 | December 2022 | $4,258,260 | $1,723,703 | $55,343,513 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 33-0673939).
Questions about PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP
- What is the EIN of PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP?
- The employer identification number (EIN) of PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP is 33-0673939.
- Is PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 names ROBERT W LAING.
- Who are the officers and directors of PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP?
- The 990 for the year ended December 31, 2024 lists 5 people; 2 received compensation from the organization, the highest $320,250 (ROBERT W LAING, PRESIDENT/EXECUTIVE DIRECT).
- How much revenue does PACIFIC SOUTHWEST COMMUNITY DEVELOPMENT CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,146,318, expenses of $2,278,417 and total assets of $67,009,769 at year end.
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