Pjam Inc

Nonprofit profile at a glance

EIN
330811596
IRS 990 coverage
2016–2024
Forms available
Form 990 2024, Form 990-EZ 2020
Location
Chula Vista, CA, USA
Phone
6194263595
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Housing Development, Construction, Management

Reported finances

Revenue
$8,102
Expenses
$26,941
Assets
$456,868
Liabilities
$0

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

Leadership & pay

3 people listed

Executive titles in this filing

  • ARNULFO MANRIQUEZ (CEO/pres/trea)

People named in this filing

  • ARNULFO MANRIQUEZ (CEO/pres/trea)
  • C ANTHONY VALLADOLID (CHAIRPERSON)
  • JESSE ALLEN (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

Pjam, inc. Is actively engaged in providing affordable housing to low-income households. The organization actively serves its charitable purpose as a co-member with metropolitan area advisory committee on anti-poverty of san diego in limited liability companies that are the general partners of limited partnerships receiving low-income housing tax credits and other public financing for the acquisition, development, and operation of affordable housing developments throughout southern California.

What it reported doing in 2024

Pjam, inc. Is actively engaged in providing affordable housing to low-income households. The organization actively serves its charitable purpose as a co-member with metropolitan area advisory committee on anti-poverty of san diego in limited liability companies that are the general partners of limited partnerships receiving low-income housing tax credits and other public financing for the acquisition, development, and operation of affordable housing developments throughout southern California. Pjam, inc. Recently became a member of the following California limited liability companies, each of which serves as the managing general partner for limited partnerships that own, develop, and operate four affordable housing developments in the greater san diego area: maac worthington del sol family apartments mgp, llc, villa lakeshore mgp 2020 llc, maac worthington la luna family apartments mgp llc, and maac laurel tree mgp llc.

Operating model

Revenue model
Earned-program. 100% 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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 43
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 92%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • 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; 64th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -232.5%; rating input score 12; 12th percentile among comparable filings
  • Total-asset coverage ratio: 16.96; rating input score 75; 75th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -25.2% per year; rating input score 0; 14th percentile among comparable filings
  • Revenue growth: -29% per year; rating input score 0; 14th percentile among comparable filings
  • Asset growth: 5% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 92% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $25K in reported program spending
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 11 of 11 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 4 filing years from 2016 to 2024
  • Contacts: How to reach this organization
  • 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 — Sustainability: Operating margin scored 12/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.