Everest Pace Center Inc is located in Chester, PA. According to its NTEE Classification (E32) the organization is classified as: Community Clinics, under the broad grouping of Health Care and related organizations. As of 12/2022, Everest Pace Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Everest Pace 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, Everest Pace Center Inc generated $320.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.1%) each year. All expenses for the organization totaled $288.2k 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
TO PROVIDE COMPREHENSIVE ALL INCLUSIVE CARE AND HOUSING FOR LOW INCOME ELDERLY IN THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EVEREST PACE CENTER SUPPORTED OTHER NON-PROFIT ORGANIZATIONS THROUGH DONATIONS TO FOOD BANKS AND OTHER ASIAN NON-PROFITS THAT HELP WITH THE RELIEF OF THE POOR, UNDERPRIVILEGED, AND DISTRESSED INDIVIDUALS ON LOW INCOME COMMUNITIES.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xiaobin Li MD President | OfficerTrustee | 5 | $0 |
Tracy Sun Treasurer | OfficerTrustee | 5 | $0 |
Yoyo Yu Secretary | OfficerTrustee | 5 | $0 |
Ying Chen Board Member | Trustee | 2 | $0 |
Yi Cheng Board Member | Trustee | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $20,082 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,300 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $320,382 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $320,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $9,740 |
| 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 | $104,913 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,355 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,948 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,620 |
| Advertising and promotion | $2,766 |
| Office expenses | $9,674 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,805 |
| Travel | $914 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,472 |
| Insurance | $2,871 |
| All other expenses | $1,330 |
| Total functional expenses | $288,238 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $620,460 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,451 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $300,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,255,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,738 |
| Total assets | $2,475,428 |
| Accounts payable and accrued expenses | $757,639 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $764,980 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $291,738 |
| Total liabilities | $1,814,357 |
| Net assets without donor restrictions | $0 |
| 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 | $661,071 |
| Total liabilities and net assets/fund balances | $2,475,428 |