ANNUAL
REPORT 2018-19
CEO/FOUNDER’S MESSAGE
It is hard to believe that another decade has come and gone. I am proud to share that over the past 10 years, PACE has helped over 700,000 clients embark on a road to economic self-sufficiency. In 2019 alone, PACE undertook a number of new and exciting initiatives including the addition of a Contracts & Procurement unit, opening our first Infant & Toddler Center in the South Bay, expanding our Handyworker services to the Harbor Area, and providing education on the benefits of Zero Emission Vehicles (ZEVs) through our Energy Division. Despite continued political uncertainty and instability, I am filled with hope and excitement for all that we will accomplish together in this next decade. It is you – our staff, partners, donors, advocates and volunteers – that make our work possible. Thank you for your ongoing support. United, we will build a healthier, more equitable Los Angeles.
Kerry N. Doi President & Chief Executive Officer
BOARD OF DIRECTORS Neil Yoneji, Chair Sandy Sakamoto, Vice Chair/Treasurer The Honorable Jon Mayeda, Secretary Saeed Ali, Member Kerry Doi, Member
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Annual Report 2018-19
ABOUT PACE
Pacific Asian Consortium in Employment (PACE) is a nonprofit, community development corporation that creates economic solutions to meet the challenges of employment, education, housing, the environment, and business development in the Pacific Asian and other diverse communities. More than 1.28 MILLION men, women, children and families have come to PACE over the past 43 years, seeking a guiding hand to get a good job, start their own business, improve their financial skills, assure their children’s success, and create a better quality of life for themselves and their community. Our ethnically diverse staff reflects the multicultural diversity of our clients. Collectively, PACE staff have linguistic and cultural competency in more than 40 languages and dialects. EXECUTIVE STAFF Kerry Doi, President & Chief Executive Officer Rachelle Arizmendi, Vice President & Chief Operating Officer Stacy Wong, Director of Human Resources Andrea Giese, Director of Development & Communications Namoch Sokhom, Director of Business Kellie Konysky, Director of Education Johnson Ng, Director of Employment Celia Andrade, Director of Energy Albert Sy, Director of Housing
Annual Report 2018-19
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Financial Highlights Revenue: 7/1/18-6/30/19
Earned Governmental Grants/Contracts
$ 25,466,927
89.76 %
$ 1,938,501
6.83 %
$ 337,166
1.19 %
Contribution/Donations
$ 404,610
1.43 %
Other Income
$ 224,752
0.79 %
$ 28,371,956
100 %
Education
$ 14,333,130
51.18 %
Energy
$ 6,918,992
24.70 %
Business
$ 2,415,998
8.63 %
Employment
$ 1,200,093
4.29 %
$ 977,050
3.49%
$ 2,161,191
7.72 %
$ 28,006,454
100 %
Other Grants and Contracts Interest Income
TOTAL REVENUE & SUPPORT
Expenses: 7/1/18-6/30/19
Program Services:
Home Care Supporting Services: General and Administration TOTAL EXPENSES
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Annual Report 2018-19
EMPLOYMENT
PACE Employment’s Downtown/Pico Union WorkSource Center AJCC offers job seekers and employers comprehensive and integrated services including job training, placement and counseling through partnerships with community-based organizations, government agencies, educational institutions and employers of all sizes. Job seekers assisted by PACE boast an 84.35% placement rate and 82% job retention rate. 2,302 $19.73 34 $1,490, 775 121 81 $1,347,840
Workers Trained/Placed Average Hourly Wage of Placed Workers Businesses Recruiting On-Site Annual Wages Earned by Placed Workers Enrollments in Subsidized Employment Completions of Subsidized Employment Wages Earned by Transitional Subsidized Employment Participants Annual Report 2018-19
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EDUCATION
As a long-time Head Start provider, PACE Education provides children ages 0-5 with comprehensive preschool services incorporating Parent Education and Leadership, Health, Nutrition, Mental Health, Disabilities and Social Services. Families may select from full-day, part-day or home-based programs. PACE Education operates 16 preschools across Central, South and West Los Angeles. 1,206 16 155,474 328,035 2,587
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Annual Report 2018-19
Children Enrolled School Sites Parent Volunteer Hours Meals Prepared & Served Children & Families Served
ENERGY
PACE Energy provides emergency utility bill payments, energy conservation education, and home weatherization services to alleviate the heavy energy burden on low-income households. Qualified customers can also receive free appliances and minor home repairs to reduce their energy costs. 14,358 $6,739,093 9,366 9,143
Clients Receiving Emergency Utility Payment Assistance Emergency Utility Payments Clients Served through Weatherization Programs Households Served by the Energy Savings Assistance Program
Annual Report 2018-19
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BUSINESS
PACE Business is recognized as a leader in providing training, technical assistance and access to capital to low-income and ethnic minority entrepreneurs and small business owners. Our PACE Business houses an SBA Women’s Business Center, Certified Development Financial Institution (CDFI), and robust Financial Education and Asset Building program. 2,522 Entrepreneurs Trained/Counseled 467 Businesses Assisted 305 Jobs Created/Retained 1,287 Women Entrepreneurs Served
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Annual Report 2018-19
$6,186,087 1,864 665 $1,763,332
Capital Leveraged Financial Education Trainees Tax Returns Prepared Earned Income Tax Credit, Refunds & Savings
HOUSING
Employment Participants PACE operates 127 affordable housing units in Central Los Angeles. Our complimentary HandyWorker Program provides minor home repairs that help make homes safer and more energy efficient for low-income homeowners who would otherwise be unable to afford these critical upgrades. 210 77 $385,000
Residents Served Units Rehabbed In Home Upgrades and Improvements
Annual Report 2018-19
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Cumulative Impact 1976-2019 EMPLOYMENT 119,459 Workers Trained &/or Placed 624 Businesses Recruiting On-Site $62,707,904 Annual Wages Earned by Placed Workers EDUCATION 68,073 Children & Families Served 1,474,752 Volunteer Hours 10,026,713 Meals Prepared & Served ENERGY 899,776 Clients Served $81,328,570 Emergency Utility Payments $3,106,734,736 Saved through Weatherization Programs BUSINESS 43,749 15,901 20,703 $502,945,466 $412,923,232 $18,858,938
Entrepreneurs Trained/Counseled Businesses Assisted Jobs Created/Retained Loans Provided/Packaged/Funded Revenues to Local Government Earned Income Tax Credits, Refunds & Savings
HOUSING 127 5,243 7,269
Units Owned & Operated Units Rehabbed Low-Income, Seniors &/Or Disabled Residents Served
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Annual Report 2018-19
Thank You GOVERNMENT California Department of Community Services & Development California Department of Education State Preschool City of Los Angeles Economic Workforce Development Department City of Los Angeles Housing and Community Investment Department Department of Labor Department of Public Social Services South Bay Workforce Investment Board Governor’s Office of Business & Economic Development Internal Revenue Service – Volunteer Income Tax Assistance Los Angeles BusinessSource Center Los Angeles County Community Development Commission Los Angeles County Office of Education Los Angeles Family Source Center Office of Head Start Office of Refugee Resettlement MicroEnterprise Development Program Office of Refugee Resettlement Individual Development Accounts Program Small Business Association (SBA) Microloan Technical Assistance Program SBA Women’s Business Center Southern California Edison Southern California Gas Company USDA Child and Adult Care Food Program US Department of the Treasury – Community Development Financial Institutions Fund PRIVATE American Continental Bank Asian American Drug Abuse Program, Inc. Asian Pacific Islander Small Business Program Bank of America Bolton Boston Private Bank and Trust BuiltAll Construction Tom Burnor CalCAP Capital One Cathay Bank
Central Coast Energy Services CIT Bank City National Bank CM School Supply Comerica East West Bank Electrify America Elite Business Source First 5 Los Angeles First Choice Bank First General Bank Flexible Printing Futura Energy Inc. HSBC Jon Mayeda JP Morgan Chase LA Care Lakeshore Learning Levine Management Manufacturers Bank McMaster Carr MD Installation Mega Bank National CAPACD Neil Yoneji New Omni Bank Pacific City Bank Preferred Bank R Doneit, LLC Reliable Energy Management Royal Business Bank Southern California Edison SoCal Gas
Sterling Bank and Trust Union Bank United Way US Bank US Foods USC Good Neighbors Victor’s Market Wells Fargo Windes Yude Wu IN-KIND BuiltAll Construction Central City Neighborhood Partners City of Los Angeles Economic Workforce Development CM School Supply Department of Public Social Services STEP Lakeshore Learning Los Angeles County Office of Education Los Angeles Unified School District One Voice PACE Business Development Center PBS Starbucks VOLUNTEER Dietetic Interns from Cal Poly Pomona Dietetic Interns from Oakwood University Dietetic Interns from the Veterans Administration Hospital Nursing Students from Mount St. Mary’s PACE Board of Directors Parent Volunteers
BECOME A FRIEND OF PACE PACE is immeasurably grateful for all of our donors, supporters, and volunteers who make our work possible. There are many ways you, too, can become a “Friend of PACE”. Volunteer your time, share your talents, or make a secure, tax-deductible donation at www.pacela.org.
Annual Report 2018-19
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PACE is a community development corporation that annually serves more than 40,000 low-income residents of the Los Angeles area by creating economic solutions to meet the challenges of employment, education, housing, the environment, and business development in the Pacific Asian and other diverse communities.
www.pacela.org
(213) 353-3982
1055 Wilshire Blvd. #1475 Los Angeles, CA 90017