Civic Intelligence

Everest Pace Center Inc.

990 • Fiscal year 2023 • EIN 84-3439759

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

2602 W 9th Street 101Chester, PA 19013

(610) 922-1133

Siviq Scores

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

Liabilities / Assets

83rd percentile

0.49x

Higher debt load relative to assets than 83% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

89th percentile

1.20x

Higher debt load relative to revenue than 89% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

85th percentile

36%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

5th percentile

-26%

Faster asset growth than 5% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

93rd percentile

136%

Faster revenue growth than 93% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Down

$1,838,525

Down $636,903 (-26%) from 2022

Net Assets

Up

$930,862

Up $269,791 (+41%) from 2022

Liabilities

Down

$907,663

Down $906,694 (-50%) from 2022

Revenue

Up

$756,704

Up $436,322 (+136%) from 2022

Expenses

Up

$486,913

Up $198,675 (+69%) from 2022

Net Income

Up

$269,791

Up $237,647 (+739%) from 2022

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2021: $628,927Liabilities 2021: $0Net Assets 2021: $628,9272021Assets 2022: $2,475,428Liabilities 2022: $1,814,357Net Assets 2022: $661,0712022Assets 2023: $1,838,525Liabilities 2023: $907,663Net Assets 2023: $930,8622023Assets 2024: $1,881,477Liabilities 2024: $869,460Net Assets 2024: $1,012,0172024

Highlighted filing

2023

Assets$1,838,525
Liabilities$907,663
Net Assets$930,862

Operations Trend

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

$800K$600K$400K$200K$0Revenue 2021: $760,000Expenses 2021: $144,039Net Income 2021: $615,9612021Revenue 2022: $320,382Expenses 2022: $288,238Net Income 2022: $32,1442022Revenue 2023: $756,704Expenses 2023: $486,913Net Income 2023: $269,7912023Revenue 2024: $373,935Expenses 2024: $292,780Net Income 2024: $81,1552024

Highlighted filing

2023

Revenue$756,704
Expenses$486,913
Net Income$269,791
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$756,704
Mission and Program Overview

Mission

To provide comprehensive all inclusive care and housing for low income elderly in the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,255,779$1,332,513▲ $76,734
Rtn Earn Endowment Incm Other Fnds$661,071$930,862▲ $269,791
Other Notes and Loans Receivable, Net$300,000$0▼ $300,000
Cash and Non-Interest-Bearing Accounts$620,460$207,584▼ $412,876
Pledges and Grants Receivable$7,451$23,796▲ $16,345
Prepaid Expenses and Deferred Charges$0$15,850▲ $15,850
Accounts Receivable$0$13,107▲ $13,107
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,475,428$1,838,525▼ $636,903
Other Assets Total$291,738$245,675▼ $46,063
Liabilities
Mortgage Notes Payable Secured by Investment Property$764,980$647,132▼ $117,848
Other Liabilities$291,738$245,675▼ $46,063
Accounts Payable and Accrued Expenses$757,639$14,856▼ $742,783
Total Liabilities$1,814,357$907,663▼ $906,694
Net Assets / Fund Balance
Total Net Assets Fund Balance$661,071$930,862▲ $269,791
Total Liabilities and Net Assets / Fund Balance$2,475,428$1,838,525▼ $636,903

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$1,162,574-$1,162,574
Other Land Buildings$143,844-$143,844
Equipment$26,095$55,460$81,555
Other Assets Org$245,675--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Xiaobin Li MdPresident
Yi ChengBoard Member
Ying ChenBoard Member
Yoyo YuSecretary
Tracy SunTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$239,684
Program Service Revenue
$0
Investment Income
$10,000
Other Revenue
$507,020
All Other Contributions
$162,107
Change in Net Assets
$269,791

Audited Revenue Reconciliation

Revenue per Audited Statements
$756,704
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$8,072
Total Revenue per Audited Statements
$764,776
Total Revenue per Form 990
$756,704
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,950
Salaries, Compensation, and Employee Benefits$124,678
Grants and Similar Amounts Paid$285
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$140,798-$140,798
Other Salaries and Wages$112,210$12,468-$124,678
Occupancy-$76,039-$76,039
Depreciation Depletion$45,889$5,099-$50,988
Interest$23,608--$23,608
Office Expenses$15,365$1,648-$17,013
Insurance-$5,089-$5,089
Advertising$5,071--$5,071
Fees for Services Legal$5,000--$5,000
Fees for Services Accounting$1,250--$1,250
Other Expenses$543$1,450-$543
Grants to Domestic Orgs$285--$285
Travel$231--$231
All Other Expenses$77--$77
Total Functional Expenses$210,404$276,509$0$486,913

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$494,985
Expenses per Audited Statements$486,913
Total Expenses per Form 990$486,913
Expenses Not Reported on Form 990$8,072
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liabilities$245,675
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
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, Section B, Line 11B

According to the bylaws, everest pace center shall submit the form 990 to its board of directors prior to filing of the form 990. The corporations form 990 shall be submitted to each member of the board of directors via (hard copy or email) at least 10 days before the form 990 is filed with the irs.

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

Disclosures of any conflict of interest will be required of all employees on hire, as indicated during employment, and at credentialing and re-credentialing for providers. If any conflict of interest is found, appropriate action will be taken by leadership after a review of the matter. A violation of this policy will be cause for immediate disciplinary action up to and including termination.

Form 990, Part VI, Section C, Line 19

The governing documents, conflict of interest policy and financial statements are available through it's website to be made widely available to be viewed and inspected by the general public.

Filing and Contact Details

Filer

Filer Name
Everest Pace Center Inc
EIN
84-3439759
Phone
6109221133
Address
2602 W 9TH STREET 101, CHESTER, PA 19013

Signing Officer

Name
Xiaobin Li
Title
President
Phone
6109221133
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Xiaobin Li
Formed
2019
Legal Domicile
Pa
Voting Board Members
6
Independent Board Members
6
Employees
3
Volunteers
5

Preparer

Firm
Kreischer Miller
Address
100 WITMER ROAD SUITE 350, HORSHAM, PA 19044-2369
Preparer
Christopher M Pekula
Phone
2154414600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Professional and legal fees: program service expenses 0. Management and general expenses 140,798. Fundraising expenses 0. Total expenses 140,798.

FORM 990, PART XII, LINE 2C:

The president of the organization will review financial statements before issued.

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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/EquipmentGrp/DepreciationAmt055460
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt081555
IRS990ScheduleD/ExpensesNotReportedAmt08072
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0486913
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01162574
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01162574
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0245675
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSETS ON OPERATING LEASES
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0143844
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0143844
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0245675
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0OPERATING LEASE LIABILITIES
IRS990ScheduleD/RevenueNotReportedAmt08072
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0756704
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01332513
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0245675
IRS990ScheduleD/TotalExpensesPerForm990Amt0486913
IRS990ScheduleD/TotalLiabilityAmt0245675
IRS990ScheduleD/TotalRevenuePerForm990Amt0756704
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0764776
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0494985
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACCORDING TO THE BYLAWS, EVEREST PACE CENTER SHALL SUBMIT THE FORM 990 TO ITS BOARD OF DIRECTORS PRIOR TO FILING OF THE FORM 990. THE CORPORATIONS FORM 990 SHALL BE SUBMITTED TO EACH MEMBER OF THE BOARD OF DIRECTORS VIA (HARD COPY OR EMAIL) AT LEAST 10 DAYS BEFORE THE FORM 990 IS FILED WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DISCLOSURES OF ANY CONFLICT OF INTEREST WILL BE REQUIRED OF ALL EMPLOYEES ON HIRE, AS INDICATED DURING EMPLOYMENT, AND AT CREDENTIALING AND RE-CREDENTIALING FOR PROVIDERS. IF ANY CONFLICT OF INTEREST IS FOUND, APPROPRIATE ACTION WILL BE TAKEN BY LEADERSHIP AFTER A REVIEW OF THE MATTER. A VIOLATION OF THIS POLICY WILL BE CAUSE FOR IMMEDIATE DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH IT'S WEBSITE TO BE MADE WIDELY AVAILABLE TO BE VIEWED AND INSPECTED BY THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PROFESSIONAL AND LEGAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 140,798. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,798.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE PRESIDENT OF THE ORGANIZATION WILL REVIEW FINANCIAL STATEMENTS BEFORE ISSUED.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0PA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02475428
IRS990/TotalAssetsEOYAmt01838525
IRS990/TotalAssetsGrp/BOYAmt02475428
IRS990/TotalAssetsGrp/EOYAmt01838525
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0239684
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0276509
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0210404
IRS990/TotalFunctionalExpensesGrp/TotalAmt0486913
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01814357
IRS990/TotalLiabilitiesEOYAmt0907663
IRS990/TotalLiabilitiesGrp/BOYAmt01814357
IRS990/TotalLiabilitiesGrp/EOYAmt0907663
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0661071
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0930862
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0210404
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0517020
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0756704
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02475428
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01838525
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0231
IRS990/TravelGrp/TotalAmt0231
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/USAddress/AddressLine1Txt02602 W 9TH STREET 101
IRS990/USAddress/CityNm0CHESTER
IRS990/USAddress/StateAbbreviationCd0PA
IRS990/USAddress/ZIPCd019013
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0XIAOBIN LI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06109221133
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EVEREST PACE CENTER INC
ReturnHeader/Filer/BusinessNameControlTxt0EVER
ReturnHeader/Filer/EIN0843439759
ReturnHeader/Filer/PhoneNum06109221133
ReturnHeader/Filer/USAddress/AddressLine1Txt02602 W 9TH STREET 101
ReturnHeader/Filer/USAddress/CityNm0CHESTER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0PA
ReturnHeader/Filer/USAddress/ZIPCd019013
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0231980475
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0KREISCHER MILLER
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0100 WITMER ROAD SUITE 350
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HORSHAM
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0190442369
ReturnHeader/PreparerPersonGrp/PhoneNum02154414600
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHRISTOPHER M PEKULA
ReturnHeader/ReturnTs02024-11-15T14:56:52-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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