Civic Intelligence

Perris Community Economic Development Corporation

990 • Fiscal year 2020 • EIN 47-2300185

Jul 01, 2019 to Jun 30, 2020 • Filed on May 17, 2021

Organization ProfileN/A
101 N D StreetPerris, CA 92570

(951) 943-4610

Siviq Scores

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

Liabilities / Assets

40th percentile

0.05x

Higher debt load relative to assets than 40% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

85th percentile

1.03x

Higher debt load relative to revenue than 85% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

1st percentile

-306%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

94th percentile

$297,208

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 169.5% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

8th percentile

-11%

Faster asset growth than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-28%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets40th percentile

Assets

Down

$3,759,634

Down $454,933 (-11%) from 2019

Net Assets

Down

$3,578,745

Down $623,958 (-15%) from 2019

Liabilities

Up

$180,889

Up $169,025 (+1425%) from 2019

Revenue And Expenses
Liabilities / Revenue85th percentileNet Margin1st percentile

Revenue

Down

$175,302

Down $67,977 (-28%) from 2019

Expenses

Up

$711,631

Up $397,055 (+126%) from 2019

Net Income

Down

-$536,329

Down $465,032 (-652%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Assets 2014: $6,808,748Liabilities 2014: $0Net Assets 2014: $6,808,7482014Assets 2015: $7,019,630Liabilities 2015: $12,557Net Assets 2015: $7,007,0732015Assets 2016: $6,390,601Liabilities 2016: $230,373Net Assets 2016: $6,160,2282016Assets 2017: $4,356,537Liabilities 2017: $58,025Net Assets 2017: $4,298,5122017Assets 2018: $3,588,874Liabilities 2018: $365,005Net Assets 2018: $3,223,8692018Assets 2019: $4,214,567Liabilities 2019: $11,864Net Assets 2019: $4,202,7032019Assets 2020: $3,759,634Liabilities 2020: $180,889Net Assets 2020: $3,578,7452020Assets 2021: $3,284,611Liabilities 2021: $79,327Net Assets 2021: $3,205,2842021Assets 2022: $2,908,968Liabilities 2022: $36,126Net Assets 2022: $2,872,8422022Assets 2023: $2,371,707Liabilities 2023: $133,163Net Assets 2023: $2,238,5442023Assets 2024: $1,177,544Liabilities 2024: $179,482Net Assets 2024: $998,0622024

Highlighted filing

2020

Assets$3,759,634
Liabilities$180,889
Net Assets$3,578,745
Open 2020 Filing

Operations Trend

Revenue Growth17th percentile

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

$10M$5.0M$0-$5.0MRevenue 2014: $6,927,104Expenses 2014: $118,356Net Income 2014: $6,808,7482014Revenue 2015: $551,622Expenses 2015: $353,297Net Income 2015: $198,3252015Revenue 2016: $176,921Expenses 2016: $1,023,766Net Income 2016: -$846,8452016Revenue 2017: $90,800Expenses 2017: $1,948,739Net Income 2017: -$1,857,9392017Revenue 2018: $80,923Expenses 2018: $1,163,297Net Income 2018: -$1,082,3742018Revenue 2019: $243,279Expenses 2019: $314,576Net Income 2019: -$71,2972019Revenue 2020: $175,302Expenses 2020: $711,631Net Income 2020: -$536,3292020Revenue 2021: $251,622Expenses 2021: $532,972Net Income 2021: -$281,3502021Revenue 2022: $200,690Expenses 2022: $394,987Net Income 2022: -$194,2972022Revenue 2023: $200,227Expenses 2023: $696,380Net Income 2023: -$496,1532023Revenue 2024: $126,616Expenses 2024: $1,228,951Net Income 2024: -$1,102,3352024

Highlighted filing

2020

Revenue$175,302
Expenses$711,631
Net Income-$536,329
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
May 17, 2021
Return Version
2019v5.2
Gross Receipts
$175,302
Mission and Program Overview

Mission

The primary purpose of the org. Is to provide physical, economic and educational development and revitalization efforts resulting in expanded employement, economic prosperity and business and housing opportunitiies for businesses and residents in the city of perris.

The primary purpose is to provide physical, economic and educational development and revitalization efforts resulting in expanded employement, economic prosperity and business and housing opportunitiies for businesses and residents in the city of perris.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,111,689$2,792,696▼ $318,993
Pledges and Grants Receivable$1,050,131$962,502▼ $87,629
Accounts Receivable$47,044$2,676▼ $44,368
Total Assets$4,214,567$3,759,634▼ $454,933
Other Assets Total$5,703$1,760▼ $3,943
Liabilities
Accounts Payable and Accrued Expenses$11,864$178,213▲ $166,349
Deferred Revenue-$2,676-
Total Liabilities$11,864$180,889▲ $169,025
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,152,572$2,616,243▼ $536,329
Net Assets With Donor Restrictions$1,050,131$962,502▼ $87,629
Total Net Assets Fund Balance$4,202,703$3,578,745▼ $623,958
Total Liabilities and Net Assets / Fund Balance$4,214,567$3,759,634▼ $454,933
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleOtherTotal
Michael M VargasChairman$40,625$40,625

Board Members and Trustees

NameTitle
David Starr RabbBoard Member
Malcolm CoronaBoard Member
Marisela MaganaBoard Member
Rita RogersBoard Member
Ernest ReynaDirector of Finance
Richard BelmudezExecutive Director
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$80,058
Other Revenue
$95,244
Change in Net Assets
$-536,329

Audited Revenue Reconciliation

Revenue per Audited Statements
$175,302
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$121,679
Total Revenue per Audited Statements
$296,981
Total Revenue per Form 990
$175,302
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$711,631
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$215,503--$215,503
Fees for Services Legal$18,830--$18,830
Other Expenses$15,000--$15,000
Total Functional Expenses$711,631$0$0$711,631

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$920,939
Expenses per Audited Statements$711,631
Total Expenses per Form 990$711,631
Expenses Not Reported on Form 990$209,308
Expenses Not Reported on Financial Statements$0
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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, Section B, Line 11B

“The federal and state tax returns are prepared by a certified public accountant and then reviewed by the director of finance of the city of perris. After the director of finance's review any necessary changes are made to the returns. A copy of the tax returns is then distributed to the board members and the director of finance of the city of perris. The executive director will then sign and submit the tax returns.”

Form 990, Part VI, Section B, Line 12C

“The board of directors consists of the city of perris city council. The city council is required to annually fill out form 700s for any possible conflicts of interest. Those forms are also annually reviewed by the organization.”

Form 990, Part VI, Section B, Line 15

“The compensation is approved by the city council for the city of perris, the related organization.”

Form 990, Part VI, Section C, Line 18

“Disclosures of governing documents, policies, and financial statements are provided when formally requested.”

Form 990, Part VI, Section C, Line 19

“Disclosures of governing documents, policies, and financial statements are provided when formally requested.”

Filing and Contact Details

Filer

Filer Name
Perris Community Economic Development
EIN
47-2300185
Phone
9519434610
Address
101 N D STREET, PERRIS, CA 92570

Signing Officer

Name
Clara Miramontes
Title
City Manager
Phone
9519434610
Signed
2021-05-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Clara Miramontes
Formed
2014
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
The Pun Group Llp
Address
200 E SANDPOINTE AVENUE SUITE 600, SANTA ANA, CA 92707
Preparer
Frances Kuo
Phone
9497778800
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional services: program service expenses 215,503. Management and general expenses 0. Fundraising expenses 0. Total expenses 215,503.”

Financial Statement Notes

PART X, LINE 2:

“The corporation submitted its application to the internal revenue service (the "irs") in recognizing the corporation as a not-for-profit corporation as described in 501(c)(3) of the internal revenue code ("irc") and received the exempt status from the irs on december 7, 2015; effective april 29, 2014. The corporation is exempt from federal and state income taxes on related income pursuant to 501(a) and 170(b)(1)(a)(i) of the irc and california revenue taxation code 23701d as a public charity. The corporation utilizes a two-step approach to recognizing and measuring uncertain tax positions (tax contingencies). The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes. The second step is to measure the tax benefit as the largest amount, which is more than 50% likely of being realized upon ultimate settlement. The corporation has determined that its major tax jurisdictions are federal and california. At june 30, 2020, management believed that there were no uncertain tax positions.”

Raw XML AppendixShowing 400 of 421 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION SUBMITTED ITS APPLICATION TO THE INTERNAL REVENUE SERVICE (THE "IRS") IN RECOGNIZING THE CORPORATION AS A NOT-FOR-PROFIT CORPORATION AS DESCRIBED IN 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND RECEIVED THE EXEMPT STATUS FROM THE IRS ON DECEMBER 7, 2015; EFFECTIVE APRIL 29, 2014. THE CORPORATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES ON RELATED INCOME PURSUANT TO 501(A) AND 170(B)(1)(A)(I) OF THE IRC AND CALIFORNIA REVENUE TAXATION CODE 23701D AS A PUBLIC CHARITY. THE CORPORATION UTILIZES A TWO-STEP APPROACH TO RECOGNIZING AND MEASURING UNCERTAIN TAX POSITIONS (TAX CONTINGENCIES). THE FIRST STEP IS TO EVALUATE THE TAX POSITION FOR RECOGNITION BY DETERMINING IF THE WEIGHT OF AVAILABLE EVIDENCE INDICATES IT IS MORE LIKELY THAN NOT THAT THE POSITION WILL BE SUSTAINED ON AUDIT, INCLUDING RESOLUTION OF RELATED APPEALS OR LITIGATION PROCESSES. THE SECOND STEP IS TO MEASURE THE TAX BENEFIT AS THE LARGEST AMOUNT, WHICH IS MORE THAN 50% LIKELY OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE CORPORATION HAS DETERMINED THAT ITS MAJOR TAX JURISDICTIONS ARE FEDERAL AND CALIFORNIA. AT JUNE 30, 2020, MANAGEMENT BELIEVED THAT THERE WERE NO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0711631
IRS990ScheduleD/TotalRevenuePerForm990Amt0175302
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0296981
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0920939
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0297208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1213636
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0RICHARD BELMUDEZ
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1ERNEST REYNA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIR.
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1DIRECTOR OF FINANCE
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0297208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1213636
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FEDERAL AND STATE TAX RETURNS ARE PREPARED BY A CERTIFIED PUBLIC ACCOUNTANT AND THEN REVIEWED BY THE DIRECTOR OF FINANCE OF THE CITY OF PERRIS. AFTER THE DIRECTOR OF FINANCE'S REVIEW ANY NECESSARY CHANGES ARE MADE TO THE RETURNS. A COPY OF THE TAX RETURNS IS THEN DISTRIBUTED TO THE BOARD MEMBERS AND THE DIRECTOR OF FINANCE OF THE CITY OF PERRIS. THE EXECUTIVE DIRECTOR WILL THEN SIGN AND SUBMIT THE TAX RETURNS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS CONSISTS OF THE CITY OF PERRIS CITY COUNCIL. THE CITY COUNCIL IS REQUIRED TO ANNUALLY FILL OUT FORM 700S FOR ANY POSSIBLE CONFLICTS OF INTEREST. THOSE FORMS ARE ALSO ANNUALLY REVIEWED BY THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE COMPENSATION IS APPROVED BY THE CITY COUNCIL FOR THE CITY OF PERRIS, THE RELATED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISCLOSURES OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE PROVIDED WHEN FORMALLY REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DISCLOSURES OF GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE PROVIDED WHEN FORMALLY REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 215,503. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 215,503.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0CITY OF PERRIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0956000761
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0MUNICIPALITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0CITY GOVERNMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0101 N D STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PERRIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd092570
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt071163
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0TEN PERCENT OF OPERATING EXPENSES
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0CITY OF PERRIS
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04214567
IRS990/TotalAssetsEOYAmt03759634
IRS990/TotalAssetsGrp/BOYAmt04214567
IRS990/TotalAssetsGrp/EOYAmt03759634
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0711631
IRS990/TotalFunctionalExpensesGrp/TotalAmt0711631
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011864
IRS990/TotalLiabilitiesEOYAmt0180889
IRS990/TotalLiabilitiesGrp/BOYAmt011864
IRS990/TotalLiabilitiesGrp/EOYAmt0180889
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04202703
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt03578745
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0711631
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0175302
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0175302
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04214567
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03759634
IRS990/TotReportableCompRltdOrgAmt0551469
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0101 N D STREET
IRS990/USAddress/CityNm0PERRIS
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd092570
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CLARA MIRAMONTES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CITY MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum09519434610
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PERRIS COMMUNITY ECONOMIC DEVELOPMENT

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,759,634
Liabilities
$180,889
Net assets
$3,578,745
Revenue
$175,302
Expenses
$711,631
Net income
-$536,329
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.18$1.00$0.13$1.23$1.10
2023Detailed filing. Detailed filing data is available for this year.$2.37$0.13$2.24$0.20$0.70$0.50
2022Detailed filing. Detailed filing data is available for this year.$2.91$0.04$2.87$0.20$0.39$0.19
2021Detailed filing. Detailed filing data is available for this year.$3.28$0.08$3.21$0.25$0.53$0.28
2020Detailed filing. Detailed filing data is available for this year.$3.76$0.18$3.58$0.18$0.71$0.54
2019Detailed filing. Detailed filing data is available for this year.$4.21$0.01$4.20$0.24$0.31$0.07
2018Detailed filing. Detailed filing data is available for this year.$3.59$0.37$3.22$0.08$1.16$1.08
2017Detailed filing. Detailed filing data is available for this year.$4.36$0.06$4.30$0.09$1.95$1.86
2016Detailed filing. Detailed filing data is available for this year.$6.39$0.23$6.16$0.18$1.02$0.85
2015Summary only. Only limited summary data is available for this year.$7.02$0.01$7.01$0.55$0.35$0.20
2014Summary only. Only limited summary data is available for this year.$6.81$0.00$6.81$6.93$0.12$6.81