PRIMARY CARE DEVELOPMENT CORPORATION: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PRIMARY CARE DEVELOPMENT CORPORATION (EIN 13-3711803)
- Tax period
- 2021-07-01 to 2022-06-30
- Filed
- 2023-02-15
- IRS object ID
- 202330469349301468
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule G
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-02-15T10:15:42-06:00 | ReturnTs |
| Tax Period End | 2022-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 221478099 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | COHNREZNICK LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 14 SYLVAN WAY | AddressLine1Txt |
| City | PARSIPPANY | CityNm |
| State Abbreviation | NJ | StateAbbreviationCd |
| ZIP | 070543801 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 133711803 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PRIMARY CARE DEVELOPMENT CORPORATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PRIM | BusinessNameControlTxt |
| Phone | 2124373940 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 BROADWAY SUITE 530 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10006 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | LOUISE COHEN | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 2124373940 | PhoneNum |
| Signature | 2023-02-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | LOUISE | PersonFirstNm |
| Person Last | COHEN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | LORI ROTHE YOKOBOSKY CPA | PreparerPersonNm |
| PTIN | P01273422 | PTIN |
| Phone | 9732283500 | PhoneNum |
| Preparation | 2023-02-06 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-03-07 01:45:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | LOUISE COHEN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 BROADWAY SUITE 530 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10006 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $18,058,469 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PCDC.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1993 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | PCDC BUILDS, EXPANDS, AND STRENGTHENS EQUITABLE ACCESS TO QUALITY PRIMARY CARE. (SEE SCH O)FOUNDED IN 1993, PRIMARY CARE DEVELOPMENT CORPORATION ("PCDC") BUILDS, EXPANDS, AND STRENGTHENSEQUITABLE ACCESS TO QUALITY PRIMARY CARE THROUGH CAPITAL INVESTMENT,PRACTICE TRANSFORMATION, AND POLICY AND ADVOCACY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 20 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 20 | VotingMembersIndependentCnt |
| Total Employee | 62 | TotalEmployeeCnt |
| Total Volunteers | 19 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $15,261,916 | PYContributionsGrantsAmt |
| CY Contributions Grants | $6,487,397 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $7,804,042 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $10,426,466 | CYProgramServiceRevenueAmt |
| PY Investment Income | $188,926 | PYInvestmentIncomeAmt |
| CY Investment Income | $273,568 | CYInvestmentIncomeAmt |
| PY Other Revenue | $450,017 | PYOtherRevenueAmt |
| CY Other Revenue | -$19,505 | CYOtherRevenueAmt |
| PY Total Revenue | $23,704,901 | PYTotalRevenueAmt |
| CY Total Revenue | $17,167,926 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $7,590,081 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $8,309,221 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $41,358 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $4,077,212 | PYOtherExpensesAmt |
| CY Other Expenses | $4,444,100 | CYOtherExpensesAmt |
| PY Total Expenses | $11,667,293 | PYTotalExpensesAmt |
| CY Total Expenses | $12,753,321 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $12,037,608 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,414,605 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $129,317,637 | TotalAssetsBOYAmt |
| Total Assets EOY | $131,968,263 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $74,204,461 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $73,259,375 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $55,113,176 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $58,708,888 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | PCDC IS CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE UNITED STATES DEPARTMENT OF THE TREASURY AND HAS RECEIVED A FOUR-STAR IMPACT PERFORMANCE RATING WITH POLICY PLUS AND AN AA+ FINANCIAL STRENGTH RATING FROM THE CDFI RATING AGENCY AERIS. PCDC HAS BEEN GRANTED TAX-EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE A "PUBLICLY SUPPORTED ORGANIZATION OF THE TYPE DESCRIBED IN SECTION 509(A)(1) OF THE CODE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,774,406 | ExpenseAmt |
| Revenue | $8,145,383 | RevenueAmt |
| Desc | CAPITAL INVESTMENT: PCDC OFFERS AFFORDABLE AND FLEXIBLE FINANCIAL PRODUCTS TO SUPPORT PRIMARY CARE PRACTICES' CAPITAL PROJECTS AND BUSINESS EXPANSION IN UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. THESE INCLUDE TRADITIONAL FINANCING, NEW MARKETS TAX CREDITS (NMTC) FINANCING, A COMMUNITY HEALTH CARE REVOLVING CAPITAL FUND FOR NEW YORK STATE, AND OTHER TARGETED LOAN AND FINANCING OPTIONS FOR PRIMARY CARE PROVIDERS. SINCE ITS INCEPTION, PCDC HAS EXPERIENCED NO LOAN LOSSES IN ITS PORTFOLIO.TO DATE, PCDC HAS FINANCED MORE THAN $1.42 BILLION OF PRIMARY CARE PROJECTS THROUGH DIRECT INVESTMENT AND LEVERAGE, TRANSFORMING MORE THAN 2.6 MILLION SQUARE FEET OF SPACE. THIS HAS CREATED MORE THAN 6,700 CONSTRUCTION JOBS AND CREATED OR PRESERVED MORE THAN 12,500 PERMANENT JOBS IN LOW-INCOME COMMUNITIES. ON AN ANNUAL BASIS, THIS HAS RESULTED IN CREATING CAPACITY FOR MORE THAN 4.6 MILLION ESTIMATED MEDICAL VISITS FOR OVER 1.3 MILLION ESTIMATED PATIENTS ACROSS THE U.S. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,879,335 | ExpenseAmt |
| Revenue | $1,403,083 | RevenueAmt |
| Desc | CLINICAL & QUALITY PARTNERS: PCDC STRENGTHENS SERVICE DELIVERY AND FACILITATES PRACTICE TRANSFORMATION THROUGH TECHNICAL ASSISTANCE THAT MEETS THE UNIQUE NEEDS OF EACH CLIENT. PCDC HELPS PROVIDERS TO UNDERSTAND THEIR CHALLENGES; DEVELOP AND IMPLEMENT STRATEGIES FOR CHANGE; DEFINE CLEAR AND MEASURABLE OUTCOMES; AND SUSTAIN LONG-TERM IMPROVEMENTS. TO DATE, PCDC HAS WORKED WITH MORE THAN 3,000 PRIMARY CARE ORGANIZATIONS (INCLUDING PROVIDING TECHNICAL ASSISTANCE TO OVER 5,000 PRACTICES NATIONWIDE) AND TRAINED MORE THAN 17,000 PROVIDERS AND STAFF. PCDC'S SERVICES INCLUDE BUSINESS AND STRATEGIC PLANNING, OPERATIONAL ANALYSIS, PROJECT MANAGEMENT, PRACTICE COACHING AND FACILITATION, AND STAFF TRAINING IN THE FOLLOWING AREAS (NON-EXHAUSTIVE): - PRACTICE TRANSFORMATION AND MEDICAL HOME RECOGNITIONS TO IMPLEMENT AND SUSTAIN PATIENT-CENTERED MEDICAL HOME RECOGNITION AND OTHER TRANSFORMATION INITIATIVES. - EFFICIENCY AND PATIENT ACCESS TO EXPAND ACCESS AND MAXIMIZE ENCOUNTER VOLUME THROUGH IMPROVED WORKFLOWS, APPOINTMENT AVAILABILITY, AND OTHER INITIATIVES. - PRIMARY & BEHAVIORAL HEALTH CARE INTEGRATION TO IMPLEMENT WHOLE-PERSON APPROACHES TO CARE AND INTEGRATE BEHAVIORAL HEALTH AND PRIMARY CARE. - HIV PREVENTION AND TREATMENT TO SUPPORT HEALTH CARE ORGANIZATIONS TO INTEGRATE HIV PREVENTION AND TREATMENT BEST PRACTICES INTO THEIR CLINICAL SETTINGS. - CARE MANAGEMENT AND COORDINATION TO BUILD AND DEPLOY CARE TEAMS FOR EFFECTIVE CARE MANAGEMENT, POPULATION MANAGEMENT, AND REFERRAL TRACKING. - OPERATIONS IMPROVEMENT AND FINANCIAL SUSTAINABILITY TO DEVELOP AND EXECUTE EFFECTIVE BUSINESS AND STAFFING PLANS AS WELL AS ENHANCE BILLING AND CODING PRACTICES. - TELEMEDICINE TRAINING & ASSISTANCE TO IMPLEMENT AND IMPROVE VIRTUAL CARE DURING AND BEYOND THE COVID-19 PANDEMIC. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,675,744 | ExpenseAmt |
| Revenue | $907,595 | RevenueAmt |
| Desc | STRATEGY & PUBLIC AFFAIRS: PCDC AIMS TO DEVELOP, SHAPE, AND CONTRIBUTE TO A NARRATIVE THAT EDUCATES AND CHANGES NORMS IN SUPPORT OF HIGH-QUALITY PRIMARY CARE FOR ALL INDIVIDUALS AND FAMILIES. WORKING WITH POLICYMAKERS, TRADE ASSOCIATIONS, HEALTH CARE ORGANIZATIONS, MEDIA OUTLETS, AND INDUSTRY LEADERS, PCDC ADVOCATES FOR POLICIES THAT WILL IMPROVE OUTCOMES AND REDUCE COSTS AND DISPARITIES THROUGH STRONGER AND MORE EQUITABLE PRIMARY CARE. PCDC ALSO REGULARLY PROVIDES THOUGHT LEADERSHIP AND EXPERTISE THROUGH MEETINGS WITH POLICYMAKERS, PUBLIC TESTIMONY, AND COMMENTARY ON KEY POLICY ISSUES.PCDC SUPPORTS THIS WORK WITH RIGOROUS RESEARCH TO BUILD THE EVIDENCE BASE ON DISPARITIES IN ACCESS TO AND AVAILABILITY OF PRIMARY CARE, INCLUDING REGULARLY PUBLISHED REPORTS WHICH ARE FREQUENTLY CITED IN LEADING LOCAL AND NATIONAL MEDIA. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $10,329,485 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | Yes (1) | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (1) | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 50 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 62 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 20 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 20 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | AR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | CT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | FL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | GA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | HI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | IL | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | KY | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | LA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ME | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MD | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MS | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NJ | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | ND | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OK | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | OR | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | PA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | RI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | SC | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | TN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | UT | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | VA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WV | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | WI | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MO | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NM | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | NC | StatesWhereCopyOfReturnIsFldCd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAN LEHMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2124373927 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 45 BROADWAY SUITE 530 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10006 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (34 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| CAROL RAPHAEL | ||||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| CAROLYN TAIN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| CHRISTOPHER KOLLER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID A GOULD | ||||||||
| CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID A MANKO | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DIANA MASON | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DUDLEY BENOIT | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GARY M JACOBS | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HELEN ARTEAGA LANDAVERDE | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| HENRY CHUNG | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| JOHN RUGGE | ||||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| JORGE R PETIT | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LORI SCOTT | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARK LEVINE | ||||||||
| BOARD MEMBER (OUTGOING 12/21) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MATT SIEGLER EX OFFICIO | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PABLO BRAVO | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SARAH GELFAND | ||||||||
| BOARD MEMBER (OUTGOING 6/22) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT MORGAN | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SUZETTE E GORDON | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| UDAI TAMBAR | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| YVETTE P TEOFAN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DANIEL LEHMAN | ||||||||
| EXE VP/CFO (INCOMING 5/21) | 40.00 | Yes (X) | $173,256 | $0 | $1,111 | |||
| LOUISE COHEN | ||||||||
| CEO | 40.00 | Yes (X) | $378,574 | $0 | $21,218 | |||
| MICHAEL ROSEN | ||||||||
| CFO (OUTGOING 5/21) | 40.00 | Yes (X) | $155,096 | $0 | $15,661 | |||
| ANNE DYJAK | ||||||||
| MNG DIR, CAP INV (OUTGOING 7/21) | 40.00 | $154,501 | $0 | $8,610 | Yes (X) | |||
| CYNTHIA SUMMERS | ||||||||
| MANAGING DIR SPA (INCOMING 2/21) | 40.00 | $203,226 | $0 | $3,063 | Yes (X) | |||
| GITA RAO | ||||||||
| CHIEF CREDIT OFFICER | 40.00 | $198,862 | $0 | $51,604 | Yes (X) | |||
| ISAAC KASTENBAUM | ||||||||
| VP CQP | 40.00 | $231,166 | $0 | $28,490 | Yes (X) | |||
| WILLIAM O'BRIEN | ||||||||
| CHIEF LENDING OFFICER | 40.00 | $209,335 | $0 | $52,103 | Yes (X) | |||
| AMY BARNETT | ||||||||
| DIR OF ADMINISTRATION | 40.00 | $158,383 | $0 | $33,079 | Yes (X) | |||
| ANDREW PHILLIP | ||||||||
| S DIR CLIN & P HLTH (OUTGOING 12/21) | 40.00 | $178,226 | $0 | $24,165 | Yes (X) | |||
| DEBORAH JOHNSON | ||||||||
| SR DIR CQP | 40.00 | $172,434 | $0 | $15,721 | Yes (X) | |||
| NANCY LAGER | ||||||||
| SR DIR, CAPITAL INVESTMENT | 40.00 | $176,778 | $0 | $26,449 | Yes (X) | |||
| SHUK HAN LEUNG | ||||||||
| SR. DIR OF FINANCE | 40.00 | $174,536 | $0 | $38,542 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,564,373 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $319,816 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 26 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MCCARTER & ENGLISH LLP | |||||
| 222 E 46TH ST RM 403 | NEW YORK | NY | 10017 | LEGAL SERVICES | $205,697 |
| KOYA LEADERSHIP PARTNERS LLC | |||||
| 29 GREEN STREET | NEWBURY PORT | MA | 01950 | RECRUITMENT | $178,000 |
| HADEN GROUP LLC | |||||
| 825 EIGHTH AVE 31ST FLR | NEW YORK | NY | 10017 | IT SERVICES | $118,721 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 3 | CntrctRcvdGreaterThan100KCnt |
| Fundraising | $160,946 | FundraisingAmt |
| Government Grants | $4,501,418 | GovernmentGrantsAmt |
| All Other Contributions | $1,825,033 | AllOtherContributionsAmt |
| Total Contributions | $6,487,397 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM FEES | 900099 | $7,021,518 | $7,021,518 |
| INTEREST ON LOANS | 900099 | $3,404,948 | $3,404,948 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $10,426,466 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $295,416 | TotalRevenueColumnAmt |
| Exclusion | $295,416 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $819,595 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $841,443 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$21,848 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$21,848 | TotalRevenueColumnAmt |
| Exclusion | -$21,848 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Fundraising Gross Income | $29,030 | FundraisingGrossIncomeAmt |
| Contri Rpt Fundraising Event | $160,946 | ContriRptFundraisingEventAmt |
| Fundraising Direct Expenses | $49,100 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$20,070 | TotalRevenueColumnAmt |
| Exclusion | -$20,070 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISC. INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $565 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $565 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $565 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,167,926 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $10,427,031 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $253,498 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,996,806 | TotalAmt |
| Program Services | $1,323,317 | ProgramServicesAmt |
| Management And General | $663,925 | ManagementAndGeneralAmt |
| Fundraising | $9,564 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,987,068 | TotalAmt |
| Program Services | $4,139,257 | ProgramServicesAmt |
| Management And General | $837,921 | ManagementAndGeneralAmt |
| Fundraising | $9,890 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $213,200 | TotalAmt |
| Program Services | $173,083 | ProgramServicesAmt |
| Management And General | $39,913 | ManagementAndGeneralAmt |
| Fundraising | $204 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $569,505 | TotalAmt |
| Program Services | $465,188 | ProgramServicesAmt |
| Management And General | $102,557 | ManagementAndGeneralAmt |
| Fundraising | $1,760 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $542,642 | TotalAmt |
| Program Services | $431,624 | ProgramServicesAmt |
| Management And General | $109,892 | ManagementAndGeneralAmt |
| Fundraising | $1,126 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $818,925 | TotalAmt |
| Program Services | $797,812 | ProgramServicesAmt |
| Management And General | $21,113 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,666 | TotalAmt |
| Management And General | $76,666 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,750 | TotalAmt |
| Program Services | $64,750 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $797,127 | TotalAmt |
| Program Services | $694,755 | ProgramServicesAmt |
| Management And General | $93,206 | ManagementAndGeneralAmt |
| Fundraising | $9,166 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,379 | TotalAmt |
| Program Services | $119,612 | ProgramServicesAmt |
| Management And General | $42,493 | ManagementAndGeneralAmt |
| Fundraising | $274 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $272,382 | TotalAmt |
| Program Services | $191,393 | ProgramServicesAmt |
| Management And General | $75,613 | ManagementAndGeneralAmt |
| Fundraising | $5,376 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $548,647 | TotalAmt |
| Program Services | $421,227 | ProgramServicesAmt |
| Management And General | $125,832 | ManagementAndGeneralAmt |
| Fundraising | $1,588 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $135,278 | TotalAmt |
| Program Services | $124,808 | ProgramServicesAmt |
| Management And General | $10,004 | ManagementAndGeneralAmt |
| Fundraising | $466 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $50,615 | TotalAmt |
| Program Services | $29,302 | ProgramServicesAmt |
| Management And General | $21,313 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,259,771 | TotalAmt |
| Program Services | $1,259,771 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $74,426 | TotalAmt |
| Program Services | $57,709 | ProgramServicesAmt |
| Management And General | $16,491 | ManagementAndGeneralAmt |
| Fundraising | $226 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,366 | TotalAmt |
| Program Services | $500 | ProgramServicesAmt |
| Management And General | $81,866 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| OTHER EXPENSES | $128,740 | $91,929 | $36,811 | |
| BANK & MISCELLANEOUS | $76,753 | $55,270 | $19,765 | $1,718 |
| PROVISION FOR DOUBTFUL | $45,000 | $45,000 | ||
| DUES & SUBSCRIPTION | $27,059 | $19,962 | $7,097 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | -$176,784 | TotalAmt |
| Program Services | -$176,784 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,753,321 | TotalAmt |
| Program Services | $10,329,485 | ProgramServicesAmt |
| Management And General | $2,382,478 | ManagementAndGeneralAmt |
| Fundraising | $41,358 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $60,550,252 | BOYAmt |
| EOY | $65,548,829 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,271,389 | BOYAmt |
| EOY | $1,219,385 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $718,165 | BOYAmt |
| EOY | $967,623 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $52,867,878 | BOYAmt |
| EOY | $52,768,908 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $150,814 | BOYAmt |
| EOY | $103,130 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $679,243 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $493,436 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $256,846 | BOYAmt |
| EOY | $185,807 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,627,702 | BOYAmt |
| EOY | $6,967,366 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,260 | BOYAmt |
| EOY | $26,844 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,850,331 | BOYAmt |
| EOY | $4,180,371 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,317,637 | BOYAmt |
| EOY | $131,968,263 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,842,105 | BOYAmt |
| EOY | $1,669,572 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,655,341 | BOYAmt |
| EOY | $1,596,941 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $46,213,640 | BOYAmt |
| EOY | $46,213,640 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,493,375 | BOYAmt |
| EOY | $23,779,222 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,204,461 | BOYAmt |
| EOY | $73,259,375 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,372,673 | BOYAmt |
| EOY | $35,089,185 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $26,740,503 | BOYAmt |
| EOY | $23,619,703 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,113,176 | BOYAmt |
| EOY | $58,708,888 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $129,317,637 | BOYAmt |
| EOY | $131,968,263 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $4,414,605 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$818,893 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,853,234 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,196,866 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,354,066 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,261,916 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,487,397 | CurrentTaxYearAmt |
| Total | $33,153,479 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,853,234 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,196,866 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,354,066 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $15,261,916 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $6,487,397 | CurrentTaxYearAmt |
| Total | $33,153,479 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $290,681 | SubstantialContributorsTotAmt |
| Public Support Total170 | $32,862,798 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $317,035 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $347,997 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $335,439 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $260,218 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $295,416 | CurrentTaxYearAmt |
| Total | $1,556,105 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $190,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $32,705 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $53,040 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $450,017 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $29,595 | CurrentTaxYearAmt |
| Total | $756,342 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $35,465,926 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $47,785,390 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.92660 | PublicSupportCY170Pct |
| Public Support PY170 | 0.64960 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISC INCOME - 2020 AMOUNT: $ 450,017. 2021 AMOUNT: $ 565. FUNDRAISING EVENTS - 2017 AMOUNT: $ 190,985. 2018 AMOUNT: $ 32,705. 2019 AMOUNT: $ 53,040. 2021 AMOUNT: $ 29,030. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | VolunteersInd |
| Paid Staff Or Management | Yes (1) | PaidStaffOrManagementInd |
| Media Advertisements | 0 | MediaAdvertisementsInd |
| Mailings Members | 0 | MailingsMembersInd |
| Publications Or Broadcast | 0 | PublicationsOrBroadcastInd |
| Grants Other Organizations | 0 | GrantsOtherOrganizationsInd |
| Direct Contact Legislators | Yes (1) | DirectContactLegislatorsInd |
| Direct Contact Legislators | $156,008 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $156,008 | TotalLobbyingExpendituresAmt |
| Not Described Section501c3 | 0 | NotDescribedSection501c3Ind |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II-B, LINE 1: | FormAndLineReferenceDesc |
| Explanation | LOBBYING ACTIVITIES INCLUDE OUTREACH TO LOCAL, STATE, AND FEDERAL ELECTED AND APPOINTED OFFICIALS AS WELL AS THEIR RELEVANT AGENCY, DEPARTMENT, AND OFFICE STAFF TO THEM ON PRIMARY CARE ISSUES AND IN NEW YORK CITY AND NEW YORK STATE TO OBTAIN FUNDING FOR PCDC-LED INITIATIVES THAT EXPAND ACCESS TO STRENGTHEN PRIMARY CARE. | ExplanationTxt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $375,168 | OtherCostOrOtherBasisAmt |
| Depreciation | $282,995 | DepreciationAmt |
| Book Value | $92,173 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $120,737 | OtherCostOrOtherBasisAmt |
| Depreciation | $79,256 | DepreciationAmt |
| Book Value | $41,481 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $183,338 | OtherCostOrOtherBasisAmt |
| Depreciation | $131,185 | DepreciationAmt |
| Book Value | $52,153 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $185,807 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DUE TO THIRD PARTY | $19,565,773 |
| DUE TO NEW YORK CITY | $487,937 |
| DEFERRED RENT | $170,266 |
| RESERVES AND DEPOSITS PAYABLE | $3,555,246 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $23,779,222 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $16,423,715 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$818,892 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $25,582 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | -$793,310 | RevenueNotReportedAmt |
| Revenue Subtotal | $17,217,025 | RevenueSubtotalAmt |
| Other Revenues Not Included | -$49,100 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | -$49,100 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $17,167,925 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,828,003 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $25,582 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $49,100 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $74,682 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,753,321 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,753,321 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | PCDC HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2022 AND 2021 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FUNDRASING EXPENSES -49,100. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | FUNDRASING EXPENSES 49,100. |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | GALA | Event1Nm |
| Gross Receipts Event1 | $189,976 | GrossReceiptsEvent1Amt |
| Charitable Contri Event1 | $160,946 | CharitableContriEvent1Amt |
| Gross Revenue Event1 | $29,030 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $49,100 | FoodAndBeverageEvent1Amt |
| Gross Receipts Total | $189,976 | GrossReceiptsTotalAmt |
| Charitable Contributions Tot | $160,946 | CharitableContributionsTotAmt |
| Gross Revenue Total Events | $29,030 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $49,100 | FoodAndBeverageTotalEventsAmt |
| Direct Expense Summary Events | $49,100 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$20,070 | NetIncomeSummaryAmt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (13 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| LOUISE COHEN | ||||||||||||||
| CEO | $332,886 | $0 | $43,402 | $0 | $2,286 | $0 | $18,863 | $0 | $2,355 | $0 | $399,792 | $0 | $0 | $0 |
| WILLIAM O'BRIEN | ||||||||||||||
| CHIEF LENDING OFFICER | $197,943 | $0 | $10,618 | $0 | $774 | $0 | $10,991 | $0 | $41,112 | $0 | $261,438 | $0 | $0 | $0 |
| ISAAC KASTENBAUM | ||||||||||||||
| VP CQP | $226,034 | $0 | $4,988 | $0 | $144 | $0 | $0 | $0 | $28,490 | $0 | $259,656 | $0 | $0 | $0 |
| GITA RAO | ||||||||||||||
| CHIEF CREDIT OFFICER | $188,346 | $0 | $10,246 | $0 | $270 | $0 | $10,492 | $0 | $41,112 | $0 | $250,466 | $0 | $0 | $0 |
| SHUK HAN LEUNG | ||||||||||||||
| SR. DIR OF FINANCE | $165,158 | $0 | $8,964 | $0 | $414 | $0 | $9,031 | $0 | $29,511 | $0 | $213,078 | $0 | $0 | $0 |
| CYNTHIA SUMMERS | ||||||||||||||
| MANAGING DIR SPA (INCOMING 2/21) | $201,783 | $0 | $1,250 | $0 | $193 | $0 | $0 | $0 | $3,063 | $0 | $206,289 | $0 | $0 | $0 |
| NANCY LAGER | ||||||||||||||
| SR DIR, CAPITAL INVESTMENT | $171,215 | $0 | $4,375 | $0 | $1,188 | $0 | $10,252 | $0 | $16,197 | $0 | $203,227 | $0 | $0 | $0 |
| ANDREW PHILLIP | ||||||||||||||
| S DIR CLIN & P HLTH (OUTGOING 12/21) | $173,670 | $0 | $4,394 | $0 | $162 | $0 | $9,108 | $0 | $15,057 | $0 | $202,391 | $0 | $0 | $0 |
| AMY BARNETT | ||||||||||||||
| DIR OF ADMINISTRATION | $147,749 | $0 | $8,348 | $0 | $2,286 | $0 | $8,079 | $0 | $25,000 | $0 | $191,462 | $0 | $0 | $0 |
| DEBORAH JOHNSON | ||||||||||||||
| SR DIR CQP | $167,680 | $0 | $4,340 | $0 | $414 | $0 | $8,851 | $0 | $6,870 | $0 | $188,155 | $0 | $0 | $0 |
| DANIEL LEHMAN | ||||||||||||||
| EXE VP/CFO (INCOMING 5/21) | $172,849 | $0 | $0 | $0 | $407 | $0 | $0 | $0 | $1,111 | $0 | $174,367 | $0 | $0 | $0 |
| MICHAEL ROSEN | ||||||||||||||
| CFO (OUTGOING 5/21) | $128,342 | $0 | $26,259 | $0 | $495 | $0 | $7,800 | $0 | $7,861 | $0 | $170,757 | $0 | $0 | $0 |
| ANNE DYJAK | ||||||||||||||
| MNG DIR, CAP INV (OUTGOING 7/21) | $150,813 | $0 | $2,500 | $0 | $1,188 | $0 | $7,693 | $0 | $917 | $0 | $163,111 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | THE CEO AND CFO BONUSES WERE DETERMINED AND AWARDED BY THE BOARD OF DIRECTORS FOLLOWING THE END OF THE FISCAL YEAR, BASED ON ORGANIZATIONAL FINANCIAL RESULTS AND INDIVIDUAL PERFORMANCE AS EVALUATED DURING THE ANNUAL REVIEW PROCESS. BONUSES FOR ALL OTHER STAFF, INCLUDING OTHER KEY EMPLOYEES, WERE DETERMINED AND AWARDED BASED ON ORGANIZATIONAL FINANCIAL RESULTS AND INDIVIDUAL PERFORMANCE AS WELL, IN ACCORDANCE WITH A BOARD-APPROVED BONUS PLAN STRUCTURE. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 IS PREPARED BY PCDC AND REVIEWED BY PCDC'S INDEPENDENT ACCOUNTING FIRM. THE 990 IS THEN REVIEWED BY THE FINANCE & AUDIT COMMITTEE AND RECOMMENDED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE RETURN IS CIRCULATED TO THE BOARD OF DIRECTORS IN ADVANCE OF THE MEETING. AFTER APPROVAL THE RETURN IS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH YEAR BOARD MEMBERS REVIEW PCDC'S WRITTEN POLICY AND ATTEST THAT THEY HAVE READ AND WILL ABIDE BY THE POLICY BY SIGNING AN ANNUAL AFFIRMATION OF POLICY ON INTERESTED DIRECTORS. WHEN A DIRECTOR OF PCDC HAS AN INTEREST IN A PCDC MATTER THAT DIRECTOR DISCLOSES THEIR INTEREST TO THE BOARD PRIOR TO ANY DISCUSSION OR VOTE REGARDING THE MATTER; AND THE INTERESTED DIRECTOR ABSENTS HIM OR HERSELF FROM THE DISCUSSION AND/OR VOTES CONCERNING THE MATTER. CONFLICTS ARE REPORTED IN THE BOARD MINUTES. A LIST OF BOARD MATTERS IS COMPILED ANNUALLY FOR BOARD MEMBERS TO REVIEW AND REAFFIRM THEIR DISCLOSURE (S) DURING THE YEAR. SIMILARLY, ALL EMPLOYEES OF PCDC ANNUALLY REVIEW PCDC'S CONFIDENTIALITY AND CONFLICT OF INTEREST POLICIES AND SIGN A STATEMENT ACKNOWLEDGING THEY HAVE RECEIVED, READ AND WILL ABIDE BY THE POLICIES. ANY CONFLICT OF INTERESTS ARE REQUIRED TO BE IMMEDIATELY DISCLOSED TO THE CHIEF EXECUTIVE OFFICER. EMPLOYEES ALSO ANNUALLY REAFFIRM IN WRITING ANY CONFLICT(S), AND DISCLOSURE(S) THEREOF, DURING THE PRIOR YEAR. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION COMPARABLE DATA IS COMPILED, EITHER INTERNALLY OR BY AN INDEPENDENT CONSULTANT, ON THE CHIEF EXECUTIVE OFFICER (CEO), CHIEF FINANCIAL OFFICER (CFO) AND KEY EMPLOYEES AND IS REVIEWED BY THE GOVERNANCE COMMITTEE (GC). THE COMPARABLE COMPENSATION DATA IS BASED ON MARKET ANALYSIS AND COMPARISON OF 990S FROM OTHER ORGANIZATIONS WITH SIMILAR MISSIONS, PROGRAMS, BALANCE SHEETS, AND BUDGETS. RECOMMENDATION OF CEO'S AND CFO'S COMPENSATION IS MADE BY THE GC TO THE BOARD FOR ITS DISCUSSION AND APPROVAL. THE GC PROPOSES COMPENSATION AND DETERMINES THE REASONABLENESS OF COMPENSATION IN A PROCESS THAT INCLUDES PERFORMANCE APPRAISALS AND THE REVIEW OF COMPARATIVE COMPENSATION DATA. THE BOARD MAKES THE FINAL DECISION IN AN EXECUTIVE SESSION WITH NO STAFF PRESENT. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO ANNUALLY BASED PRIMARILY ON PERFORMANCE APPRAISALS AND COMPARABLE COMPENSATION DATA AND IS REVIEWED BY THE GC. |
| FORM 990, PART VI, SECTION C, LINE 19 | PCDC'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. ITS TAX RETURNS INCLUDING FINANCIAL STATEMENTS ARE AVAILABLE TO PUBLIC ONLINE THROUGH THE IRS, GUIDESTAR AND NYS CHARITIES BUREAU WEBSITES. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| PCDC NMTC HEALTH FUND LLC | |||||||||
| 45 BROADWAY SUITE 530 | NEW YORK | NY | 10006 | 831213730 | HEALTH CARE NMTC PROGRAM LOANS | NY | $0 | $0 | PCDC |
| PCDC PFS01 LLC | |||||||||
| 45 BROADWAY SUITE 530 | NEW YORK | NY | 10006 | 873437601 | FISCAL INTERMEDIARY | NY | $0 | $1,399 | PCDC |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (41 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct | Share Of EOY AssetsShareOfEOYAssetsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PCDC EMPIRE STATE HEALTH OPPORTUNITIES FUND IV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 262054736 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $35 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND 38 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872630738 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.00010 | ||
| PCDC HEALTH OPPORTUNITIES FUND 39 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872667336 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.00010 | ||
| PCDC HEALTH OPPORTUNITIES FUND 40 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872693961 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND 41 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872715321 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND 42 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872733206 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND 43 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872754385 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND 44 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872776563 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND 45 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872797760 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND 46 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872830898 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND 47 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872843644 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND 48 LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 872649020 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND IX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 471174154 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.00010 | $484 | |
| PCDC HEALTH OPPORTUNITIES FUND V LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 471122026 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $26 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND VI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 471147896 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $27 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND VII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 471150721 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $28 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND VIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 471160866 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $2 | 0 | Yes (1) | 0.00010 | $387 |
| PCDC HEALTH OPPORTUNITIES FUND XI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 471197703 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $7 | 0 | Yes (1) | 0.00010 | $1,222 |
| PCDC HEALTH OPPORTUNITIES FUND XII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 471208668 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $16 | 0 | Yes (1) | 0.00010 | $879 |
| PCDC HEALTH OPPORTUNITIES FUND XIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 474416943 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $7 | 0 | Yes (1) | 0.00010 | $1,271 |
| PCDC HEALTH OPPORTUNITIES FUND XIV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 474439649 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $2 | 0 | Yes (1) | 0.00010 | $831 |
| PCDC HEALTH OPPORTUNITIES FUND XIX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 814845795 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $14 | 0 | Yes (1) | 0.00010 | $911 |
| PCDC HEALTH OPPORTUNITIES FUND XV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 474452002 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $636 |
| PCDC HEALTH OPPORTUNITIES FUND XVI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 474464362 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $784 |
| PCDC HEALTH OPPORTUNITIES FUND XVII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 474476378 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $4 | 0 | Yes (1) | 0.00010 | $1,081 |
| PCDC HEALTH OPPORTUNITIES FUND XVIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 814830979 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.00010 | $979 | |
| PCDC HEALTH OPPORTUNITIES FUND XX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 814859546 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $541 |
| PCDC HEALTH OPPORTUNITIES FUND XXII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 814914582 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $887 |
| PCDC HEALTH OPPORTUNITIES FUND XXIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 814932296 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $7 | 0 | Yes (1) | 0.00010 | $987 |
| PCDC HEALTH OPPORTUNITIES FUND XXIV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 814835602 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $788 |
| PCDC HEALTH OPPORTUNITIES FUND XXIX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 824923506 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $3 | 0 | Yes (1) | 0.00010 | $897 |
| PCDC HEALTH OPPORTUNITIES FUND XXVI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 814871292 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $989 |
| PCDC HEALTH OPPORTUNITIES FUND XXVIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 824907042 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $4 | 0 | Yes (1) | 0.00010 | $996 |
| PCDC HEALTH OPPORTUNITIES FUND XXX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 852534624 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $549 |
| PCDC HEALTH OPPORTUNITIES FUND XXXI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 852568577 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $622 |
| PCDC HEALTH OPPORTUNITIES FUND XXXII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 852615152 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | 0 | Yes (1) | 0.00010 | $999 |
| PCDC HEALTH OPPORTUNITIES FUND XXXIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 852647296 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.00010 | $599 | |
| PCDC HEALTH OPPORTUNITIES FUND XXXIV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 852667723 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.00010 | ||
| PCDC HEALTH OPPORTUNITIES FUND XXXV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 852701908 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.00010 | $1,000 | |
| PCDC HEALTH OPPORTUNITIES FUND XXXVI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 852709023 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.00010 | ||
| PCDC HEALTH OPPORTUNITIES FUND XXXVII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEWYORK | NY | 10006 | 852560563 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | Yes (1) | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, SCHEDULER - PART III: | BETWEEN FISCAL YEARS 2007 AND 2022, THE ORGANIZATION WAS AWARDED $378 MILLION IN NMTC ALLOCATION TO FINANCE THE CONSTRUCTION OF HEALTH CENTERS IN LOW-INCOME COMMUNITIES. THE PROGRAM, ADMINISTERED BY THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND, A BRANCH OF THE U.S. DEPARTMENT OF THE TREASURY, REQUIRES THAT NONPROFIT AWARD RECIPIENTS CREATE A FOR-PROFIT ENTITY OR ENTITIES THROUGH WHICH THE TAX CREDIT ALLOCATION FLOWS. PURSUANT TO THE AMENDED OPERATING AGREEMENTS FOR ACTIVE NMTC LLCS, THE ORGANIZATION RETAINS A 0.01% OWNERSHIP INTEREST WHEN AN INVESTOR MEMBER IS IDENTIFIED IN EACH ENTITY. AT THAT TIME, THE INVESTOR MEMBER BECAME THE 99.99% OWNER MAKING THE NECESSARY QUALIFIED EQUITY INVESTMENT ("QEI") IN THE LLC WHILE THE ORGANIZATION REMAINS THE MANAGING MEMBER. IN THE INDEMNIFICATION AGREEMENTS WITH EACH INVESTOR THE ORGANIZATION AGREES TO INDEMNIFY INVESTORS IF THERE IS A LOSS OF NMTC RELATED TO THEIR QEI TRIGGERED BY CERTAIN RECAPTURE EVENTS AS DEFINED UNDER THE CODE. THE INDEMNIFICATION AMOUNTS VARY WITH EACH AGREEMENT. ABSENT GROSS OR WILLFUL MISCONDUCT, THE ORGANIZATION'S LIABILITY IS SUBJECT TO THE AFOREMENTIONED INDEMNIFICATION LIMIT IN EACH AGREEMENT WITH AN ESTIMATED AMOUNT TOTALING $18.9 MILLION. THE ORGANIZATION HAS SYSTEMATIC MONITORING PROCEDURES IN PLACE TO AVOID RECAPTURE EVENTS THROUGH TRACKING AND TESTING OF TRANSACTION PAYMENTS, REVIEW OF QUARTERLY FINANCIAL STATEMENTS, CONFIRMATION OF COMPLIANCE CERTIFICATES AND REGULAR MEETINGS OF THE ORGANIZATION NMTC ADVISORY BOARD. UNDER THE TERMS OF THE AMENDED OPERATING AGREEMENTS, THE ORGANIZATION MADE A PROPORTIONAL EQUITY CONTRIBUTION BASED ON EACH QEI AND THE ORGANIZATION'S .01% MEMBERSHIP INTEREST IN EACH NMTC LLC IN DECEMBER 2013, THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH TWO OTHER CDFI'S TO FORM HEALTHCO AS A FINANCING VEHICLE TO PROVIDE INDIRECT FACILITY FINANCING FOR FQHC'S. THE ORGANIZATION IS ONE OF THREE EQUAL MEMBERS AT 33.33%. UNDER THE LIMITED LIABILITY COMPANY AGREEMENT, ANY INCOME OR EXPENSE OF HEALTHCO IS SHARED EQUALLY BY THE THREE MEMBERS. IN JUNE 2022, ALL MEMBERS APPROVED TO THE VOLUNTARY DISSOLUTION OF THE LLC. THE UNWIND PROCESS IS EXPECTED TO COMPLETE IN FISCAL YEAR 2023. DURING THE YEAR 2022, PCDC PFS01 LLC WAS FORMED TO SERVE AS THE INTERMEDIARY ORGANIZATION FOR A PAY FOR SUCCESS ("PFS") INITIATIVE. UNDER THIS PFS MODEL, INVESTORS AND FUNDERS PROVIDE UPFRONT CAPITAL NECESSARY TO SUPPORT COMMUNITY-BASED INTERVENTIONS FOR MEDICAID BENEFICIARIES ENROLLED IN A MANAGED CARE HEALTH PLAN. THESE INTERVENTIONS ARE DESIGNED TO REDUCE UNNECESSARY HEALTHCARE UTILIZATION AND THEREFORE COSTS. THE MEDICAID MANAGED CARE HEALTH PLAN THEN REPAYS THE INVESTORS BASED ON SAVINGS REALIZED FROM IMPROVED OUTCOMES. PCDC PFS01, LLC IS THE BORROWING ENTITY THAT RECEIVES FUNDS FROM THE INVESTORS AND DISBURSES FUNDS TO SERVICE PROVIDERS IN ACCORDANCE WITH THE "PAY FOR SUCCESS" AGREEMENT. THE INVESTOR HAS NO RECOURSE TO PCDC PFS01, LLC EXCEPT FOR THE AMOUNTS IN THE PROJECT OPERATING ACCOUNT. RECEIPTS AND DISBURSEMENTS OF FUNDS ARE IN ACCORDANCE WITH THE APPROVED PROJECT PLAN. THESE FUNDS ARE RECOGNIZED AS AGENCY TRANSACTIONS. AS OF JUNE 30, 2022, CASH AND DUE TO SPONSOR OF $1,399 ARE INCLUDED IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION. |
| SCHEDULE R, PART IV: | PCDC HAS A LESS THAN 50% OWNERSHIP IN SEVERAL LLC ENTITIES. AS THE OWNERSHIP IS LESS THAN 50%, PCDC IS NOT DEEMED TO HAVE CONTROL, AND THEREFORE ENTITES ARE NOT LISTED ON SCHEDULE R, PART IV. |