2024-11-14T13:23:27-06:00 2023-12-31 454806875 BHLF LLP 1255 TREAT BLVD SUITE 300 WALNUT CREEK CA 94597 990 2023-01-01 770485877 PACIFIC COMMUNITY VENTURES INC PACI 4154424300 1714 FRANKLIN STREET SUITE 100-347 OAKLAND CA 94612 BULBUL GUPTA PRESIDENT AND CEO 4154424300 2024-11-14 1 0 BRENT HILLBERG P01571871 9253221150 2023 2024-10-15 13:58:12Z BULBUL GUPTA 1714 FRANKLIN STREET SUITE 100-347 OAKLAND CA 94612 12143666 0 X WWW.PACIFICCOMMUNITYVENTURES.ORG X 1998 CA TO SUPPORT SMALL BUSINESS OWNERS AND THEIR COMMUNITIES IN THE FIGHT FOR ECONOMIC, RACIAL AND GENDER JUSTICE. 10 10 28 0 0 0 6010152 6188276 1216223 1346048 81148 199751 0 0 7307523 7734075 0 0 0 0 2933074 3582554 0 0 255645 2950864 2828608 5883938 6411162 1423585 1322913 27379971 32014630 15939379 19096859 11440592 12917771 X PACIFIC COMMUNITY VENTURES SUPPORTS SMALL BUSINESS OWNERS AND THEIR COMMUNITIES IN THE FIGHT FOR ECONOMIC, RACIAL, AND GENDER JUSTICE. WE WORK SIDE-BY-SIDE WITH GROWING SMALL BUSINESS LEADERS AND SOLOPRENEUERS THROUGH OUR INTEGRATED MODEL: COMBINING IMPACT-FIRST RESTORATIVE CAPITAL AND PRO BONO BUSINESS ADVISING WITH OUR GOOD JOBS INNOVATION LAB THAT PROPELS THRIVING COMMUNITIES WITH EQUITABLE JOBS. PACIFIC COMMUNITY VENTURES IS A 501C3 NONPROFIT IMPACT INVESTOR AND COMMUNITY DEVELOPMENT FINANCIAL INSTITITUION (CDFI). 0 0 1823880 INNOVATION LAB - THIS PROGRAM DESIGNS PRODUCTS, SERVICES, AND COMMUNICATIONS TO HELP OUR SMALL BUSINESS CLIENTS MAXIMIZE THEIR LOCAL ECONOMIC IMPACT THROUGH THE POWER OF PROVIDING GOOD JOBS WITH DIGINITY. THE GOOD JOBS INNOVATION LAB USES BEHAVIORAL ECONOMICS, APPLIED RESEARCH, AND DATA ANALYTICS TO PROMOTE EVIDENCE-BASED, HIGH IMPACT INTERVENTIONS THAT LEAD TO A MORE INCLUSIVEECONOMY. 850328 1211048 SMALL BUSINESS ADVISING INTEGRATED LENDING LOAN FUND PROVIDES DEBT CAPITAL AND RESOURCES TO HIGH GROWTH CALIFORNIA BUSINESSES THAT CREATE JOBS AND OPPORTUNITIES IN LOWER INCOME COMMUNITIES. 2557573 135000 PROVIDES SMALL, UNDERCAPITALIZED BUSINESSES IN LOW/MODERATE INCOME COMMUNITIES WITH KEY RESOURCES AND INSIGHTS. THIS BUSINESS ADVISORY SERVICE ALLOWS THESE BUSINESSES TO GROW AND WEATHER CHALLENGES, WHICH CONTRIBUTES TO EMPLOYMENT IN LOW/MODERATE INCOME COMMUNITIES, AND GREATER ECONOMIC VITALITY IN THOSE COMMUNITIES. 5231781 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 148 0 28 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X THE ORGANIZATION 4154424300 1714 FRANKLIN STREET SUITE 100-347 OAKLAND CA 94612 AMIR KIRKWOOD BOARD MEMBER 1.50 X 0 0 0 TERESA PAHL BOARD MEMBER 1.50 X 0 0 0 SANJAY DATTA BOARD MEMBER 1.50 X 0 0 0 JASMINE THOMAS BOARD MEMBER 1.50 X 0 0 0 CECIL PLUMMER BOARD MEMBER 1.50 X 0 0 0 CINDY KACZMAREK BOARD CHAIR 1.50 X 0 0 0 KATIE KALVODA BOARD MEMBER 1.50 X 0 0 0 CAROLINA MARTINEZ BOARD MEMBER 1.50 X 0 0 0 LILI GANGAS BOARD MEMBER 1.50 X 0 0 0 OLIVIA REBANAL BOARD MEMBER 1.50 X 0 0 0 BULBUL GUPTA PRESIDENT & CEO 40.00 X 275986 0 26255 KETAV PATEL CFO 40.00 X 165550 0 14680 ROBERT PORTER MANAGING DIRECTOR, BA & LE 40.00 X 223983 0 30849 ROBYN MILLER DIRECTOR, FINANCE & OPERAT 40.00 X 205262 0 25329 ROBYN ROGIN DIRECTOR, LENDING 40.00 X 155720 0 25035 DEEDRE' SCOTT DIRECTOR, HUMAN RESOURCES 40.00 X 127412 0 17134 CATHERINE BELL CHIEF IMPACT OFFICER, LAB 40.00 X 165019 0 20383 CHARLES FISHER-POST ASSOCIATE DIRECTOR, GOOD JOBS INNOVATION LABS 40.00 X 105669 0 10438 1424601 0 170103 9 0 1 0 CALIDRIS LLC 2540 11TH STREET WEST SEATTLE WA 98119 LAB CONSULTING 179742 MYGROOVE DESIGN INC 1155 5TH STREET OAKLAND CA 94607 G&A CONSULTING 121109 GRAY GLOBAL ADVISORS 300 NEW JERSEY AVENUE NORTHWEST WASHINGTON DC 20001 LAB CONSULTING 108214 3 6188276 6188276 LENDING 541610 1211048 1211048 BUSINESS ADVISING 541610 135000 135000 1346048 250256 250256 4359086 4409591 -50505 -50505 -50505 7734075 1346048 0 199751 X 665520 389575 206948 68997 1968122 1523598 382764 61760 743189 474541 262123 6525 205723 150923 44656 10144 31973 25271 4980 1722 954029 943724 5603 4702 30229 50989 -20760 37213 29395 5686 2132 268727 266881 1372 474 206132 195545 7867 2720 126135 115414 7967 2754 12304 11868 324 112 358245 358245 13422 10608 2091 723 45897 36277 7149 2471 LOAN LOSS EXPENSE 289205 289205 GJGB INCENTIVIES 130650 130650 PROJECT EXPENSE 123750 123750 EVENTS 110183 24007 668 85508 90514 81315 4298 4901 6411162 5231781 923736 255645 6092442 1293632 2675345 8001180 36870 1870 88230 1110880 36087 57272 90157 72819 30760 17338 3936198 5884093 205401 131247 14278638 15517118 27379971 32014630 631126 672693 175000 95000 66673 66673 14627161 18003229 439419 259264 15939379 19096859 X 9113969 10020164 2326623 2897607 11440592 12917771 27379971 32014630 1322913 154266 0 X X 0 1 X 1 1 1 X 1580753 3860973 6376342 6010152 6188276 24016496 1580753 3860973 6376342 6010152 6188276 24016496 11122289 12894207 154980 117098 31760 81094 250256 635188 24651684 0.52310 0.56560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 14081 14081 0 76076 58738 17338 17338 OTHER ASSETS 415741 LOANS RECEIVABLE 15101377 15517118 LEASE LIABILITY 259264 259264 X 7208917 154266 -647450 -493184 7702101 31974 31974 7734075 5731738 0 5731738 31974 647450 679424 6411162 PART IV, LINE 2B: THE ORGANIZATION MAINTAINS AN ESCROW ACCOUNT WITH THE HERON FOUNDATION. THE HERON FOUNDATION IS A NON-MANAGING MEMBER OF PACIFIC COMMUNITY VENTURES INVESTMENT PARTNERS III, LLC. THE ORGANIZATION IS AUTHORIZED BY THE TERMS OF THE ESCROW AGREEMENT TO FUND CAPITAL CALLS DUE FROM THE HERON FOUNDATION WITH THE ESCROW BALANCE. THE ORGANIZATION RECEIVES ANY INTEREST INCOME FROM THE ESCROW ACCOUNT IN THE FORM OF A CONTRIBUTION FROM THE HERON FOUNDATION. PART X, LINE 2: THE ORGANIZATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILINGS WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. THE ORGANIZATION BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL POSITION, RESULTS OF ACTIVITIES OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALITIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2023. PART XI, LINE 2D - OTHER ADJUSTMENTS: INTEREST EXPENSE -358,245. PROVISION FOR LOAN LOSSES -289,205. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 358,245. PROVISION FOR LOAN LOSSES 289,205. X X X 0 0 0 0 0 0 0 0 0 BULBUL GUPTA PRESIDENT & CEO 222986 0 53000 0 0 0 2000 0 24255 0 302241 0 0 0 ROBERT PORTER MANAGING DIRECTOR, BA & LE 200893 0 23090 0 0 0 2000 0 28849 0 254832 0 0 0 ROBYN MILLER DIRECTOR, FINANCE & OPERAT 157484 0 47778 0 0 0 2000 0 23329 0 230591 0 0 0 CATHERINE BELL CHIEF IMPACT OFFICER, LAB 141113 0 23906 0 0 0 2000 0 18383 0 185402 0 0 0 ROBYN ROGIN DIRECTOR, LENDING 135133 0 20587 0 0 0 2000 0 23035 0 180755 0 0 0 KETAV PATEL CFO 160550 0 5000 0 0 0 1600 0 13080 0 180230 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PREPARED BY AN OUTSIDE FIRM OF TAX PROFESSIONALS. THE DRAFT FORM IS THEN REVIEWED BY THE ORGANIZATION'S FINANCE DIRECTOR, AUDIT COMMITTEE CHAIR, AND THE EXECUTIVE DIRECTOR. AFTER DISCUSSION WITH THIS GROUP OF INDIVIDUALS, THE FINANCE DIRECTOR THEN DISCUSSES THE CONTENTS OF THE RETURN WITH THE OUTSIDE TAX PROFESSIONALS. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS AUTHORIZED BY THE EXECUTIVE DIRECTOR. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE REQUIRED TO ANNUALLY ATTEST THAT THEY ARE IN CONFORMANCE WITH THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATION'S OFFICERS AND KEY EMPLOYEES IS REVIEWED AND APPROVED BY A DULY ATHORIZED COMPENSATION COMMITTEE, WHICH IS A COMMITTEE OF THE BOARD OF DIRECTORS. THIS COMMITTEE UTILIZES A REVIEW OF OTHER ORGANIZATIONS' FORM 990 FILINGS, ANNUAL PERFORMANCE EVALUATIONS FOR ALL AFFECTED STAFF, AND ACHIEVEMENT OF OVERALL ORGANIZATIONAL GOALS. FORM 990, PART VI, SECTION C, LINE 19 ARTICLES OF INCORPORATION, CORPORATE BYLAWS, INTERNAL POLICIES (SUCH AS CONFLICT OF INTEREST, WHISTLEBLOWER, ETC.), AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 660,698. MANAGEMENT AND GENERAL EXPENSES -7,876. FUNDRAISING EXPENSES 43. TOTAL EXPENSES 652,865. OTHER: PROGRAM SERVICE EXPENSES 249,876. MANAGEMENT AND GENERAL EXPENSES 6,946. FUNDRAISING EXPENSES 2,401. TOTAL EXPENSES 259,223. RECRUITING: PROGRAM SERVICE EXPENSES 33,150. MANAGEMENT AND GENERAL EXPENSES 6,533. FUNDRAISING EXPENSES 2,258. TOTAL EXPENSES 41,941. FORM 990 PART XII LINE 2C THIS PROCESS HAS NOT CHANGED FROM PRIOR YEAR. PACIFIC COMMUNITY VENTURES INVESTMENT PARTNERSHIP III LLC 4 EMBARCADERO CENTER SUITE 1400 SAN FRANCISCO CA 94111 208257699 INVESTMENTS CA INVESTMENT 0 0 0.01760 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0