Preservation Park Center Inc
Nonprofit profile at a glance
- EIN
- 731717101
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Oakland, CA, USA
- Phone
- 5102875353
- Rating
- 60
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $1,398,331
- Expenses
- $1,788,301
- Assets
- $5,577,620
- Liabilities
- $7,144,773
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- TED DANG (PRESIDENT)
- JANELLE CHAN (CHIEF EXECUTIVE OFFICER)
- LINA SHETH (INTERIM CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- JANELLE CHAN (CHIEF EXECUTIVE OFFICER): $225,516 total reported compensation
- LINA SHETH (INTERIM CHIEF EXECUTIVE OFFICER): $182,498 total reported compensation
- PAUL CARNEY (CHIEF FINANCIAL OFFICER): $111,681 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Preservation park center, inc. (ppc) was formed as a California nonprofit public benefit corporation in july 2004 to acquire, own and operate preservation park, located in oakland, California. Ppc's specific purposes are to combat community deterioration and provide relief to the poor or underprivileged by owning and operating commercial office space in a low-income community for rent to predominantly nonprofit organizations. The property, acquired in january 2005, is a unique collection of sixteen victorian buildings, three of which are dedicated for community use for meetings and other events.
What it reported doing in 2024
The organization owned and operated commercial office space in a low-income community for rent to predominantly nonprofit organizations. In addition, the organization leased common areas as a gathering space to its tenants and to members of the surrounding community.
Operating model
- Revenue model
- Earned-program. 92% 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
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 60
- Accountability: 23
- Sustainability: 33
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 83.6%; rating input score 84
- 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: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 5 of 9 controls in place; rating input score 56
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -27.9%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 3.12; rating input score 76; 76th percentile among comparable filings
- Liabilities to assets ratio: 1.28; rating input score 4; 4th percentile among comparable filings
- Officer compensation ratio: 1.1%; rating input score 60; 60th percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 20th percentile among comparable filings
- Revenue growth: -0.3% per year; rating input score 0; 14th percentile among comparable filings
- Asset growth: -1.4% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 83.6% of spending went to programs
- Governance: 0 of 5 board members independent · 5 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.5M in reported program spending
- Leadership: top reported pay $226K · 8 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 1 contractor listed · $455K reported
- Consistency: 24 of 24 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 53 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.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Accountability: Independent voting board scored 0/100.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- Review — Accountability: Governance controls: 4 of 9 not reported.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 4/100.