Preservation Park Center Inc
- Assets
- $6.2m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 10/2005
- Data as of
- 12/2022
- EIN
- 73-1717101
Organization Overview
Preservation Park Center Inc is located in Oakland, CA. The organization was established in 2005. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Preservation Park Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Preservation Park Center Inc generated $1.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION OWNS AND OPERATES COMMERCIAL SPACE IN A LOW-INCOME COMMUNITY FOR RENT TO PREDOMINANTLY NONPROFIT ORGANIZATIONS. IN ADDITION, THE ORGANIZATION LEASES COMMON AREAS AS A GATHERING SPACE TO ITS TENANTS AND TO MEMBERS OF THE SURROUNDING COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ted Dang President | OfficerTrustee | 1 | $0 |
Roy Schweyer Vice President | OfficerTrustee | 1 | $0 |
Fanya Ka Makini Director | Trustee | 1 | $0 |
Dawn Hawk Director | Trustee | 1 | $0 |
Christine Carr Director | Trustee | 1 | $0 |
Amy Chan Chief Financial Officer | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,233,612 |
| Investment income | $20 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,326,135 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $287,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $49,730 |
| Fees for services: Legal | $7,369 |
| Fees for services: Accounting | $9,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,734 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $271,181 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $352,735 |
| Insurance | $162,907 |
| All other expenses | $6,022 |
| Total functional expenses | $1,758,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $57,634 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,100 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,426 |
| Net Land, buildings, and equipment | $6,014,896 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $88,601 |
| Total assets | $6,212,657 |
| Accounts payable and accrued expenses | $318,297 |
| Grants payable | $0 |
| Deferred revenue | $76,728 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,304,835 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,198,419 |
| Total liabilities | $6,898,279 |
| Net assets without donor restrictions | -$685,622 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $6,212,657 |