Nonprofit · EIN 71-0935159
PASADENA GATEWAY WILLAS CORPORATION
Tax-exempt · PASADENA, CA 91103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $56,083,788 | $0 | $56,083,788 | $827,858,850 | $106,128,769 | $721,730,081 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $21,452,651
- Net rental income
- $34,631,137
- Net gain from sales of assets
- $21,452,651
- Other revenue
- $34,631,137
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $869,124,301
- Total assets, end of year
- $827,858,850
- Total liabilities, end of year
- $106,128,769
- Net assets, end of year
- $721,730,081
- Gross receipts
- $108,915,976
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2003
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| WA CAPITAL MANAGEMENT INC | QUALIFIED PROPERTY MGMT Institutional trustee | 40 | $0 | $6,271,017 |
Address and contacts
- Address (IRS master file)
- 100 CORSON ST STE 100, PASADENA, CA 91103-3875
- In care of
- % WASHINGTON CAPITAL MANAGEMEN
- Principal officer (990 for 2024)
- MICHAEL B DE CHELLIS, 100 CORSON ST STE 100, PASADENA, CA 91103
- Signed the 990
- DAVID SIKORSKI, TRUSTEE
- Phone
- (626) 356-1000
- Return prepared by
- MILLER KAPLAN ARASE LLP
Mission
THE PURPOSE OF THIS ORGANIZATION IS TO COLLECT RENTAL INCOME FROM TENANTS AND DISBURSE EXPENSES APPLICABLE TO RENTAL INCOME.
Program accomplishments
- THE PURPOSE OF THIS ORGANIZATION IS TO COLLECT RENTAL INCOME FROM TENANTS AND DISBURSE EXPENSES APPLICABLE TO RENTAL INCOME.
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0935159
- Tax-exempt status
- 501(c)(25): Title-holding corporation for multiple parents
- Donations deductible
- No
- Exempt since
- 2004
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S47)
- Assets (IRS master file)
- $827,858,850
- Income (IRS master file)
- $108,915,976
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | – | – | – | IRS |
| 990 | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $22,325,932 | $0 | $852,760,090 | IRS |
| 990 | June 2022 | $15,682,895 | $0 | $733,088,372 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about PASADENA GATEWAY WILLAS CORPORATION
- What is the EIN of PASADENA GATEWAY WILLAS CORPORATION?
- The employer identification number (EIN) of PASADENA GATEWAY WILLAS CORPORATION is 71-0935159.
- Is PASADENA GATEWAY WILLAS CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(25) since 2004.
- Are donations to PASADENA GATEWAY WILLAS CORPORATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does PASADENA GATEWAY WILLAS 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 PASADENA GATEWAY WILLAS CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PASADENA GATEWAY WILLAS CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PASADENA GATEWAY WILLAS CORPORATION?
- The 990 for the year ended June 30, 2025 names MICHAEL B DE CHELLIS.
- Who are the officers and directors of PASADENA GATEWAY WILLAS CORPORATION?
- The 990 for the year ended June 30, 2025 lists 1 person; 0 received compensation from the organization.
- How much revenue does PASADENA GATEWAY WILLAS CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $56,083,788, expenses of $0 and total assets of $827,858,850 at year end.
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All nonprofits in PASADENA · California · Community improvement and capacity building