City of Perris Economic Development
Legal name: Perris Community Economic Development Co
Nonprofit profile at a glance
- EIN
- 472300185
- IRS 990-EZ coverage
- 2024–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2023, Form 990-EZ 2024
- Location
- Perris, CA, US
- Phone
- (951) 943-6100 Ext. 414
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Societal Benefit
Reported finances
- Revenue
- $63,567
- Expenses
- $1,116,125
- Assets
- $25,393
- Liabilities
- $535,844
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- CLARA MIRAMONTES (CHIEF EXECUTIVE OFFICER)
People named in this filing
- MARISELA MAGANA (BOARD MEMBER)
- MALCOM CORONA (BOARD MEMBER)
- RITA ROGERS (BOARD MEMBER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide the highest quality service to those who live, work, and invest in Perris. Dedicated to enhancing the quality of life and fostering a healthy economic environment through proactive community investment, streamlined processes, and collaborative partnerships.
What it reported doing in 2024
The perris cedc achievements include community sponsorship events, economic development activity, and building improvements
Operating model
- Revenue model
- Investment-supported. 96% of the money available for current operations came from recurring investment income.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 82
- Sustainability: 9
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1,655.8%; rating input score 1; 1st percentile among comparable filings
- Total-asset coverage ratio: 0.02; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 21.1; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.8% per year; rating input score 0; 48th percentile among comparable filings
- Asset growth: -17% per year; rating input score 0; 12th percentile among comparable filings
Details
- What they do: 1 operating location identified
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1.1M in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 1 filed related-organization link
- 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 1/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.