Pacific Southwest Community Development Corporation

Nonprofit profile at a glance

EIN
330673939
IRS 990 coverage
2013–2024
Forms available
Form 990 2024
Location
San Diego, CA, USA
Phone
8586750506
Rating
56
Verdict
MIXED
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Official website

Reported finances

Revenue
$9,146,318
Expenses
$2,278,417
Assets
$67,009,769
Liabilities
$17,092,942

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • ROBERT W LAING (PRESIDENT/EXECUTIVE DIRECT)
  • JUAN P ARROYO (EXECUTIVE VICE PRESIDENT)

Highest reported compensation

  • ROBERT W LAING (PRESIDENT/EXECUTIVE DIRECT): $333,170 total reported compensation
  • JUAN P ARROYO (EXECUTIVE VICE PRESIDENT): $149,840 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

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.

Operating model

Revenue model
Earned-program. 99% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.

Rating breakdown

  • Financial Efficiency: 43
  • Transparency & Controls: 60
  • Accountability: 79
  • Sustainability: 80
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 22.9%; rating input score 23
  • Program expense ratio: 92.4%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 75.1%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 29.41; rating input score 98; 98th percentile among comparable filings
  • Liabilities to assets ratio: 0.26; rating input score 38; 38th percentile among comparable filings
  • Officer compensation ratio: 21.2%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: -13.9% per year; rating input score 0; 2nd percentile among comparable filings
  • Revenue growth: -4.3% per year; rating input score 0; 4th percentile among comparable filings
  • Asset growth: 8.1% per year; rating input score 100; 50th percentile among comparable filings

Details

  • Where the money goes: 22.9% of revenue deployed · 92.4% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2.1M in reported program spending
  • Leadership: top reported pay $333K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 12 filing years from 2013 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 45 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 23/100.
  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 38/100.