Nonprofit · EIN 35-2531666
PACO COMMUNITY DEVELOPMENT CORPORATION
Tax-exempt · JERSEY CITY, NJ 07302
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $577,975 | $154,243 | $423,732 | $19,735,837 | $0 | $19,735,837 |
| December 31, 2023 | 990 | $407,433 | $35,509 | $371,924 | $18,206,904 | $0 | $18,206,904 |
| December 31, 2022 | 990 | $198,834 | $172,565 | $26,269 | $16,872,832 | $23,730 | $16,849,102 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $577,975
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $86,289
- Salaries, compensation and benefits (total)
- $86,289
- Professional fundraising fees
- $0
- Accounting fees
- $4,200
- Program services (functional)
- $115,407
- Management and general (functional)
- $38,836
Balance sheet and other
- Total assets, start of year
- $18,206,904
- Total assets, end of year
- $19,735,837
- Total liabilities, end of year
- $0
- Net assets, end of year
- $19,735,837
- Publicly traded securities
- $16,530,860
- Net assets without donor restrictions
- $19,735,837
- Gross receipts
- $577,975
- Employees
- 0
- Volunteers
- 10
- Year formed
- 2015
- State of legal domicile
- NJ
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 |
|---|---|---|---|
| FRANK MOLINA | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| VISHNU KHEMRAJ | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| EDWARD FOWLKES | SECRETARY Trustee or director, Officer | 2 | $0 |
| VIDAL LEDDA | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD KOLLING | TRUSTEE Trustee or director | 1 | $0 |
| CESAR SARMIENTO | TREASURER Officer | 2 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK MOLINA | CHAIRMAN Trustee or director, Officer | 3 | $0 |
| VISHNU KHEMRAJ | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| EDWARD FOWLKES | SECRETARY Trustee or director, Officer | 2 | $0 |
| VIDAL LEDDA | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD KOLLING | TRUSTEE Trustee or director | 1 | $0 |
| CESAR SARMIENTO | TREASURER Officer | 2 | $0 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| FRANK MOLINA | CHAIRMAN Trustee or director, Officer | 3 | $12,000 |
| VISHNU KHEMRAJ | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| EDWARD FOWLKES | SECRETARY Trustee or director, Officer | 2 | $0 |
| VIDAL LEDDA | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD KOLLING | TRUSTEE Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 192 3RD ST, JERSEY CITY, NJ 07302-2514
- Principal officer (990 for 2024)
- FRANK MOLINA, 293 THIRD STREET, JERSEY CITY, NJ 07302
- Signed the 990
- FRANK MOLINA, TREASURER
- Phone
- (201) 656-4111
- Return prepared by
- FRANK GLIEN LLC CPA
Mission
To construct and provide financing for affordable housing. To conduct community outreach events for homelessness and other community events.
Program accomplishments
- Conducted community outreach events including holiday celebrations, food programs, and other homelessness programs and community services.Expenses $115,407
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
- 35-2531666
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $19,735,837
- Income (IRS master file)
- $577,975
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $577,975 | $154,243 | $19,735,837 | IRS |
| 990 | December 2023 | $407,433 | $35,509 | $18,206,904 | XML |
| 990 | December 2022 | $198,834 | $172,565 | $16,872,832 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | 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 35-2531666).
Questions about PACO COMMUNITY DEVELOPMENT CORPORATION
- What is the EIN of PACO COMMUNITY DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PACO COMMUNITY DEVELOPMENT CORPORATION is 35-2531666.
- Is PACO COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to PACO COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PACO COMMUNITY DEVELOPMENT CORPORATION 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 PACO COMMUNITY DEVELOPMENT CORPORATION 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 PACO COMMUNITY DEVELOPMENT CORPORATION 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 PACO COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names FRANK MOLINA.
- Who are the officers and directors of PACO COMMUNITY DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does PACO COMMUNITY DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $577,975, expenses of $154,243 and total assets of $19,735,837 at year end.
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