Civic Intelligence

San Pablo Economic Development Corporation Inc.

990 • Fiscal year 2022 • EIN 27-5395012

Jul 01, 2021 to Jun 30, 2022 • Filed on Oct 12, 2022

1000 Gateway Avenue 1st FloorSan Pablo, CA 94806

(510) 215-3203

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.36x

Higher debt load relative to assets than 78% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.37x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

87th percentile

43%

Higher net margin than 87% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

84th percentile

$150,280

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 4.1% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

1st percentile

-61%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

135%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,837,713

Down $5,928,437 (-61%) from 2021

Net Assets

Up

$2,473,162

Up $1,570,101 (+174%) from 2021

Liabilities

Down

$1,364,551

Down $7,498,538 (-85%) from 2021

Revenue

Up

$3,639,773

Up $2,091,889 (+135%) from 2021

Expenses

Up

$2,069,672

Up $578,830 (+39%) from 2021

Net Income

Up

$1,570,101

Up $1,513,059 (+2653%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2014: $11,174,658Liabilities 2014: $10,411,584Net Assets 2014: $763,0742014Assets 2015: $19,497,631Liabilities 2015: $17,644,775Net Assets 2015: $1,852,8562015Assets 2016: $18,325,105Liabilities 2016: $16,922,316Net Assets 2016: $1,402,7892016Assets 2017: $17,677,244Liabilities 2017: $16,910,107Net Assets 2017: $767,1372017Assets 2018: $17,019,641Liabilities 2018: $16,832,360Net Assets 2018: $187,2812018Assets 2020: $9,889,478Liabilities 2020: $9,043,459Net Assets 2020: $846,0192020Assets 2021: $9,766,150Liabilities 2021: $8,863,089Net Assets 2021: $903,0612021Assets 2022: $3,837,713Liabilities 2022: $1,364,551Net Assets 2022: $2,473,1622022Assets 2025: $4,823,107Liabilities 2025: $1,654,139Net Assets 2025: $3,168,9682025

Highlighted filing

2022

Assets$3,837,713
Liabilities$1,364,551
Net Assets$2,473,162

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$2.0M$0-$2.0MRevenue 2014: $457,866Expenses 2014: $606,996Net Income 2014: -$149,1302014Revenue 2015: $2,244,678Expenses 2015: $1,154,896Net Income 2015: $1,089,7822015Revenue 2016: $1,108,493Expenses 2016: $1,558,560Net Income 2016: -$450,0672016Revenue 2017: $1,137,556Expenses 2017: $1,773,208Net Income 2017: -$635,6522017Revenue 2018: $1,194,163Expenses 2018: $1,774,019Net Income 2018: -$579,8562018Revenue 2020: $3,039,004Expenses 2020: $1,776,594Net Income 2020: $1,262,4102020Revenue 2021: $1,547,884Expenses 2021: $1,490,842Net Income 2021: $57,0422021Revenue 2022: $3,639,773Expenses 2022: $2,069,672Net Income 2022: $1,570,1012022Revenue 2025: $1,665,011Expenses 2025: $1,554,883Net Income 2025: $110,1282025

Highlighted filing

2022

Revenue$3,639,773
Expenses$2,069,672
Net Income$1,570,101
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Oct 12, 2022
Return Version
2021v4.0
Gross Receipts
$4,696,003
Mission and Program Overview

Mission

The san pablo economic development corporation, inc. (edc) is dedicated to creating economic opportunity through education, partnership and collaboration. The edc is created to stabilize, diversify and develop the local economy through education and training of the community's workforce and businesses.

The purpose of the corporation is to develop, diversify and stabilize the local economy through education and training of workforce and businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,466,377$2,404,944▼ $61,433
Land, Buildings, and Equipment, Net$7,174,650$1,353,033▼ $5,821,617
Accounts Receivable$124,953$75,396▼ $49,557
Cash and Non-Interest-Bearing Accounts-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$9,766,150$3,837,713▼ $5,928,437
Other Assets Total$170$4,340▲ $4,170
Liabilities
Mortgage Notes Payable Secured by Investment Property$8,800,000$1,300,000▼ $7,500,000
Other Liabilities$39,123$38,323▼ $800
Accounts Payable and Accrued Expenses$23,966$26,228▲ $2,262
Total Liabilities$8,863,089$1,364,551▼ $7,498,538
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$806,518$2,382,648▲ $1,576,130
Net Assets With Donor Restrictions$96,543$90,514▼ $6,029
Total Net Assets Fund Balance$903,061$2,473,162▲ $1,570,101
Total Liabilities and Net Assets / Fund Balance$9,766,150$3,837,713▼ $5,928,437

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,353,033$186,967$1,540,000
Equipment-$13,274$13,274
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Leslay ChoyExecutive DirectorFT$150,280$150,280

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$318,411
Program Service Revenue
$905,622
Investment Income
$2,165,690
Other Revenue
$250,050
All Other Contributions
$130,911
Change in Net Assets
$1,570,101

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,639,773
Total Revenue per Audited Statements
$3,639,773
Total Revenue per Form 990
$3,639,773
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,399,594
Salaries, Compensation, and Employee Benefits$670,078
Total Fundraising Expense$80,236
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$685,915$38,915$48,746$773,576
Depreciation Depletion$487,169--$487,169
Other Salaries and Wages$244,233$138,892$720$383,845
Current Officers, Directors, Trustees, and Key Employees$52,598$75,140$22,542$150,280
Other Employee Benefits$30,879$58,067$6,018$94,964
Payroll Taxes$20,136$18,643$2,210$40,989
Interest$32,321--$32,321
Insurance-$28,347-$28,347
Office Expenses-$4,676-$4,676
Advertising$4,487--$4,487
Other Expenses$2,500$10,338-$2,500
Travel-$1,065-$1,065
Total Functional Expenses$1,615,353$374,083$80,236$2,069,672

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,069,672
Total Expenses per Audited Statements$2,069,672
Total Expenses per Form 990$2,069,672
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Construction Deposit$38,323
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The treasurer reviews the form 990 for accuracy and completeness, signs and files the return on behalf of the governing board. Copies of the form 990 are provided to each board member for review and discussion at the next scheduled board meeting.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

All board members file fppc form 700 statement of economic interest.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization's governing documents, policies, financial statements and information returns are available by submitting a request in writing to the corporation.

Filing and Contact Details

Filer

Filer Name
San Pablo Economic Development
EIN
27-5395012
Phone
5102153203
Address
1000 GATEWAY AVENUE 1ST FLOOR, SAN PABLO, CA 94806

Signing Officer

Name
Leslay Choy
Title
Executive Director
Signed
2022-10-12
Discuss with paid preparer
Yes

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
8

Preparer

Firm
Maze & Associates
Address
3478 BUSKIRK AVE STE 215, PLEASANT HILL, CA 94523
Preparer
Vikki C Rodriguez CPA
Phone
9259300902
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IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02210
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt018643
IRS990/PayrollTaxesGrp/ProgramServicesAmt020136
IRS990/PayrollTaxesGrp/TotalAmt040989
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0Fees & Contracts Gov Agencies
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0842730
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt162892
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0842730
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt162892
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0369133
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0170
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0829160
IRS990/PYOtherRevenueAmt0293649
IRS990/PYProgramServiceRevenueAmt0884932
IRS990/PYRevenuesLessExpensesAmt057042
IRS990/PYSalariesCompEmpBnftPaidAmt0661682
IRS990/PYTotalExpensesAmt01490842
IRS990/PYTotalRevenueAmt01547884
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01570101
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt0204561
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02466377
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02404944
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0318411
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0954133
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt072103
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt092141
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0110502
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01547290
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0204699
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0170
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt08053
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt088897
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt085103
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0386922
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0842730
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt045489
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01136428
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02899441
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01097160
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0938163
IRS990ScheduleA/OtherIncome170Grp/TotalAmt06116681
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.09570
IRS990ScheduleA/PublicSupportPY170Pct00.12080
IRS990ScheduleA/PublicSupportTotal170Amt0770808
IRS990ScheduleA/SubstantialContributorsTotAmt0776482
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/TenPctFactsCrcmstncsTestPYInd0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0318411
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0954133
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt072103
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt092141
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0110502
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01547290
IRS990ScheduleA/TotalSupportAmt08050893
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt01353033
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0186967
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01540000
IRS990ScheduleD/EquipmentGrp/DepreciationAmt013274
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt013274
IRS990ScheduleD/ExpensesSubtotalAmt02069672
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt038323
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONSTRUCTION DEPOSIT
IRS990ScheduleD/RevenueSubtotalAmt03639773
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01353033
IRS990ScheduleD/TotalExpensesPerForm990Amt02069672
IRS990ScheduleD/TotalLiabilityAmt038323
IRS990ScheduleD/TotalRevenuePerForm990Amt03639773
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03639773
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02069672
IRS990ScheduleJ/AnyNonFixedPaymentsInd0false
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd0false
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
IRS990ScheduleJ/InitialContractExceptionInd0false
IRS990/ScheduleJRequiredInd0true
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0150280
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0LESLAY CHOY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0150280
IRS990ScheduleJ/SeverancePaymentInd0false
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TREASURER REVIEWS THE FORM 990 FOR ACCURACY AND COMPLETENESS, SIGNS AND FILES THE RETURN ON BEHALF OF THE GOVERNING BOARD. COPIES OF THE FORM 990 ARE PROVIDED TO EACH BOARD MEMBER FOR REVIEW AND DISCUSSION AT THE NEXT SCHEDULED BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL BOARD MEMBERS FILE FPPC FORM 700 STATEMENT OF ECONOMIC INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES, FINANCIAL STATEMENTS AND INFORMATION RETURNS ARE AVAILABLE BY SUBMITTING A REQUEST IN WRITING TO THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0false
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0SAN PABLO ECONOMIC DEVELOPMENT CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0HEALTHY EATING ACTIVE LIVING LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0800821334
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOLDING TITLE TO PROPERTY FOR SAN PABLO ECON. DEV. CORP
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt01000 GATEWAY AVENUE 1ST FLOOR
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0SAN PABLO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd094806
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA

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