PRIMARY CARE DEVELOPMENT CORPORATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- PRIMARY CARE DEVELOPMENT CORPORATION (EIN 13-3711803)
- Tax period
- 2020-07-01 to 2021-06-30
- Filed
- 2022-05-13
- IRS object ID
- 202201339349306960
- Schema version
- 2020v4.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2022-05-13T13:47:59-05:00 | ReturnTs |
| Tax Period End | 2021-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 873707167 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CBIZ MARKS PANETH LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-07-01 | 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 | 2022-05-11 | 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 | MAGDALENA M CZERNIAWSKI | PreparerPersonNm |
| PTIN | P00535099 | PTIN |
| Phone | 2125038800 | PhoneNum |
| Preparation | 2022-05-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | $25,601,234 | 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 | FOUNDED IN 1993, PRIMARY CARE DEVELOPMENT CORPORATION ("PCDC") BELIEVES THAT PRIMARY CARE IS TRANSFORMATIONAL AND A CORNERSTONE OF HEALTHY, THRIVING COMMUNITIES. PCDC CATALYZES EXCELLENCE IN PRIMARY CARE THROUGH STRATEGIC COMMUNITY INVESTMENT, CAPACITY BUILDING, AND POLICY INITIATIVES TO ACHIEVE HEALTH EQUITY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 21 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 21 | VotingMembersIndependentCnt |
| Total Employee | 56 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $4,354,066 | PYContributionsGrantsAmt |
| CY Contributions Grants | $15,261,916 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $9,524,126 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $7,804,042 | CYProgramServiceRevenueAmt |
| PY Investment Income | $334,810 | PYInvestmentIncomeAmt |
| CY Investment Income | $188,926 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,490 | PYOtherRevenueAmt |
| CY Other Revenue | $450,017 | CYOtherRevenueAmt |
| PY Total Revenue | $14,220,492 | PYTotalRevenueAmt |
| CY Total Revenue | $23,704,901 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $290,000 | 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 | $6,963,719 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $7,590,081 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $69,937 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $6,676,304 | PYOtherExpensesAmt |
| CY Other Expenses | $4,077,212 | CYOtherExpensesAmt |
| PY Total Expenses | $13,930,023 | PYTotalExpensesAmt |
| CY Total Expenses | $11,667,293 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $290,469 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $12,037,608 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $100,477,628 | TotalAssetsBOYAmt |
| Total Assets EOY | $129,317,637 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $57,222,063 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $74,204,461 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $43,255,565 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $55,113,176 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | QUALITY PRIMARY CARE IS TRANSFORMATIONAL AND A CORNERSTONE OF HEALTHY, THRIVING COMMUNITIES. THE PRIMARY CARE DEVELOPMENT CORPORATION (PCDC) CATALYZES EXCELLENCE IN PRIMARY CARE THROUGH STRATEGIC COMMUNITY INVESTMENT, SEE SCH O CONTINUATION | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $4,639,728 | ExpenseAmt |
| Revenue | $6,684,664 | RevenueAmt |
| Desc | CAPITAL INVESTMENT: SUPPORTING PRIMARY CARE EXPANSION. PCDC PROVIDES THE CAPITAL AND EXPERTISE TO BUILD, RENOVATE, AND EXPAND COMMUNITY-BASED HEALTH FACILITIES SO THAT CARE IS OFFERED IN SETTINGS THAT PROMOTE DIGNITY AND EFFICIENCY. CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE UNITED STATES TREASURY, PCDC IS A KEY SOURCE OF CAPITAL FOR THE PRIMARY CARE SECTOR AND TO DATE HAS FINANCED OVER 191 PRIMARY CARE PROJECTS VALUED AT MORE THAN $1.3 BILLION. THIS INVESTMENT HAS CREATED THE CAPACITY TO PROVIDE 4.2 MILLION MEDICAL VISITS ANNUALLY TO MEET THE PRIMARY CARE NEEDS OF MORE THAN 1.2 MILLION PATIENTS THROUGHOUT THE UNITED STATES. PCDC'S INVESTMENT HAS TRANSFORMED 221 MILLION SQUARE FEET OF SPACE INTO FULLY FUNCTIONING PRIMARY CARE PRACTICES AND CREATED OR PRESERVED OVER 17,000 JOBS IN LOW-INCOME COMMUNITIES. PCDC HAS EXPERIENCED NO LOAN LOSSES IN ITS PORTFOLIO TO DATE AND HAS RECEIVED AN AA+2 RATING FROM THE CDFI RATING AGENCY AERIS. HIGHLIGHTS OF RECENT CAPITAL INVESTMENT ACCOMPLISHMENTS INCLUDE: COMMUNIHEALTH SERVICES: AN UNDERSERVED COMMUNITY IN NORTH-CENTRAL LOUISIANA WILL SOON HAVE MORE ACCESS TO INTEGRATED PRIMARY CARE AND BEHAVIORAL SERVICES, THANKS TO FINANCING FROM PCDC. COMMUNIHEALTH SERVICES, ESTABLISHED AS MOREHOUSE COMMUNITY MEDICAL CENTERS INC. IN 2002, BROKE GROUND FOR ITS NEW STATE-OF-THE-ART 41,000 SQUARE-FOOT FACILITY IN BASTROP. THE $14.3 MILLION PROJECT WAS FINANCED THROUGH A COMBINATION OF DEBT AND NEW MARKETS TAX CREDITS PROVIDED BY PCDC AND PARTNERS.RENEWAL HOUSE: RENEWAL HOUSE, THE ONLY RESIDENTIAL ADDICTION TREATMENT PROGRAM FOR PREGNANT WOMEN AND WOMEN AND THEIR CHILDREN IN MIDDLE TENNESSEE, RECEIVED A TOTAL OF $9 MILLION IN NEW MARKETS TAX CREDITS TO CONSTRUCT A NEW ADDICTION TREATMENT AND MENTAL HEALTH FACILITY IN NASHVILLE. THIS 35,000 SQUARE FOOT INPATIENT AND OUTPATIENT FACILITY WILL ALLOW RENEWAL HOUSE TO DOUBLE THE NUMBER OF FAMILIES SERVED THROUGH ITS ADDICTION TREATMENT AND RECOVERY PROGRAMS. THE FACILITY WILL ALSO ADD 34 APARTMENT UNITS FOR INPATIENT AND RESIDENTIAL TREATMENT SERVICES. PROVIDENCE COMMUNITY HEALTH CENTERS: PROVIDENCE COMMUNITY HEALTH CENTERS, THE LARGEST FEDERALLY QUALIFIED HEALTH CENTER (FQHC) IN RHODE ISLAND, RECEIVED $6 MILLION IN NEW MARKETS TAX CREDITS (NMTC) FROM PCDC FOR A NEW 26,000 SQUARE FOOT HEALTH FACILITY. THE NEW FACILITY, WHICH WILL BE LOCATED IN PROVIDENCE ON ATWOOD STREET, IS A MUCH-NEEDED EXPANSION TO ACCOMMODATE PATIENTS FROM PCHC'S OLNEYVILLE LOCATION, CURRENTLY OVERCAPACITY. THE ATWOOD STREET FACILITY WILL OFFER AN EXPRESS URGENT CARE CLINIC, LAB SERVICES, COMMUNITY OUTREACH, AND EDUCATION SERVICES AND IS EXPECTED TO SERVE OVER 14,000 NEW PATIENTS THROUGH 42,000 VISITS. PCDC'S NMTC INVESTMENT SUPPLEMENTS A $6 MILLION CONSTRUCTION LOAN MADE TO PCHC IN NOVEMBER 2020. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $3,485,438 | ExpenseAmt |
| Revenue | $1,120,832 | RevenueAmt |
| Desc | CLINICAL & QUALITY PARTNERS (FORMERLY PERFORMANCE IMPROVEMENT): STRENGTHENING SERVICE DELIVERY. PCDC'S CLINICAL & QUALITY PARTNERS TEAM HAS PROVIDED CONSULTING, TRAINING, AND COACHING SERVICES TO MORE THAN 4,800 PRIMARY CARE ORGANIZATIONS ACROSS THE COUNTRY HELPING THESE PRACTICES ADOPT A MODEL OF CARE THAT MAXIMIZES PATIENT ACCESS, MEANINGFUL USE OF HEALTH IT, CARE COORDINATION, PATIENT EXPERIENCE, AND EMERGENCY PLANNING. OUR STAFF TEAM BRINGS EXTENSIVE EXPERTISE AND A BROAD AND POWERFUL KNOWLEDGE BASE TO THE PROVISION OF CAPACITY-BUILDING ASSISTANCE; MOST HOLD GRADUATE DEGREES AND AVERAGE BETWEEN 10 TO 15 YEARS OF EXPERIENCE WORKING DIRECTLY WITH HIGH-RISK, SAFETY NET POPULATIONS. THIS "REAL-WORLD" EXPERIENCE ENABLES PCDC TO BETTER UNDERSTAND THE NEEDS OF OUR CLIENTS AND GUIDES THE CREATION AND IMPLEMENTATION OF EFFECTIVE COACHING AND QUALITY IMPROVEMENT TOOLS.HIGHLIGHTS OF RECENT CLINICAL & QUALITY PARTNERS ACCOMPLISHMENTS INCLUDE: ASSISTING OVER 1,000 PRIMARY CARE SITES IN ACHIEVING PATIENT-CENTERED MEDICAL HOME (PCMH) RECOGNITION: THE MILESTONE REFLECTED THE SUCCESS OF PCDC'S CONTENT EXPERTS, WHOSE STRATEGIC LEADERSHIP, PRACTICE COACHING, AND TECHNICAL ASSISTANCE HAVE GUIDED COMMUNITY HEALTH CENTERS, HOSPITAL OUTPATIENT CENTERS, PRIVATE PRACTICES, AND SPECIAL NEEDS PROVIDERS NATIONWIDE. A GROWING BODY EVIDENCE SHOWS THE PCMH MODEL REDUCES HEALTH CARE COSTS AND UNNECESSARY USE OF SERVICES, SUCH AS EMERGENCY DEPARTMENT VISITS.PCDC PARTNERS WITH STELLAR HEALTH: PCDC PARTNERED WITH STELLAR HEALTH TO HELP PRIMARY CARE PROVIDERS THRIVE IN THE CURRENT VALUE-BASED CARE WORLD. STELLAR, A VALUE-BASED HEALTH CARE TECHNOLOGY COMPANY, EMPOWERS PRACTICING PHYSICIANS AND THEIR CARE TEAMS THROUGH A POINT-OF-CARE PLATFORM THAT PROVIDES REAL-TIME ACTIONABLE INSIGHTS AND MEANINGFUL FINANCIAL INCENTIVES TO DRIVE IMPROVED PATIENT OUTCOMES. PCDC, A NATIONAL NON-PROFIT, PROVIDES FINANCING, ON-THE-GROUND TRAINING, AND TECHNICAL ASSISTANCE, SPECIFICALLY DESIGNED TO SUPPORT THE SUSTAINABILITY AND PERFORMANCE IMPROVEMENT OF PRIMARY CARE PROVIDERS ACROSS THE COUNTRY. TOGETHER, STELLAR AND PCDC RECOGNIZE THE IMPORTANT ROLE THAT PRIMARY CARE PROVIDERS PLAY IN THE NATION'S SHIFT TO IMPROVE QUALITY, REDUCE COSTS, AND INCREASE ACCESS TO CARE. REBRANDING TO CLINICAL AND QUALITY PARTNERS: PCDC'S TECHNICAL ASSISTANCE AND TRAINING EFFORTS HAVE GROWN AND BECOME MORE TARGETED IN THEIR IMPACT. THE TEAM CONTINUES TO SUPPORT PRIMARY CARE INFRASTRUCTURE AND OPERATIONS BUT HAS GROWN IN ITS ABILITY TO OFFER NEW PROGRAMMING TO SUPPORT ADVANCES IN TELEHEALTH, UPDATED QUALITY REPORTING AND PERFORMANCE REQUIREMENTS, CHANGING PAYMENT MODELS, AND MORE. THIS NEW CHANGE MEANS SUPPORTING PRACTICES AND PROVIDERS THROUGH WORKSHOPS TO IMPROVE STAFF CAPACITY IN ESSENTIAL HEALTH CARE DELIVERY SKILLS, THROUGH DATA ANALYSIS TO UNDERSTAND PROVIDERS' OPPORTUNITIES, AND THROUGH DEEP-DIVE PROBLEM SOLVING TO ADDRESS ACCESS, OUTCOMES, FINANCIAL PERFORMANCE, AND ULTIMATELY, SUSTAINED COMMUNITY IMPACT.DEVELOPING ONLINE RESOURCES AND HOSTING WEBINARS TO AID PROVIDER UPTAKE OF TELEMEDICINE IN THE WAKE OF THE COVID-19 PANDEMIC: PCDC CREATED A ROBUST ONLINE RESOURCE CENTER FOR PRIMARY CARE PROVIDERS WHO SEEK EDUCATION AND TRAINING ON TELEHEALTH IMPLEMENTATION THAT INCLUDES REIMBURSEMENT, CODING, AND COMMUNICATIONS GUIDANCE. THE TEAM NOW ALSO PROVIDES TELEHEALTH TECHNICAL ASSISTANCE UPON REQUEST. IN ADDITION, PCDC STAFF HELD SEVERAL INFORMATIONAL WEBINARS FOCUSED ON TELEHEALTH IN THE PRIMARY CARE SECTOR AND A VIRTUAL TOWN HALL WHERE PROVIDERS EXCHANGED INFORMATION AND IDEAS FOR IMPROVING CARE DELIVERY DURING THE PANDEMIC. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,412,196 | ExpenseAmt |
| Revenue | $450,017 | RevenueAmt |
| Desc | POLICY, ADVOCACY, COMMUNICATIONS & EVALUATION: LEADING PRIMARY CARE INITIATIVES: PRIMARY CARE IS NOT ONLY THE CENTERPIECE OF MEANINGFUL HEALTH CARE REFORM, BUT ALSO CONTRIBUTES GREATLY TO ECONOMIC DEVELOPMENT, BETTER HEALTH, AND ACROSS-THE-BOARD HEALTH CARE SAVINGS. PCDC'S POLICY AND ADVOCACY AGENDA INCLUDES WORKING WITH POLICYMAKERS AND STAKEHOLDERS TO PROMOTE THE PATIENT-CENTERED MEDICAL HOME MODEL; EXPANDING ACCESS TO CAPITAL FOR PRIMARY CARE FACILITY EXPANSION; STRENGTHENING THE ROLE OF PRIMARY CARE IN HEALTH SYSTEM AND HEALTH PAYMENT REFORM; AND STRENGTHENING THE HEALTH CARE INFRASTRUCTURE THROUGH PRIMARY CARE TO PROMOTE HEALTHY COMMUNITIES. PCDC'S EVALUATION AGENDA INCLUDES GAUGING THE ORGANIZATION'S IMPACT, RESEARCHING POPULATION HEALTH OUTCOMES, AND LEADING EFFORTS TO ADOPT DATA-DRIVEN APPROACHES TO OUTCOMES MEASUREMENT AND ANALYSIS. IT ALSO INCLUDES OVERSEEING APPLIED RESEARCH EFFORTS THAT INFORM PCDC'S WORK AND ADVANCE KNOWLEDGE ON PRIMARY CARE ACCESS AT LOCAL, STATE, AND FEDERAL LEVELS. HIGHLIGHTS OF RECENT POLICY, ADVOCACY, COMMUNICATIONS & EVALUATION ACCOMPLISHMENTS INCLUDE: DRAFTING AND LEADING CAMPAIGNS FOR TWO PIECES OF LEGISLATION TO ADVANCE PRIMARY CARE IN NEW YORK STATE: PCDC WORKED CLOSELY WITH LAWMAKERS AND WITH A LOBBYING FIRM, TO DRAFT TWO PIECES OF LEGISLATION THAT WOULD EXPAND AND ENHANCE PRIMARY CARE IN NEW YORK STATE. THE FIRST, S5139/A4593, WOULD AMEND THE LEGISLATION THAT CREATED THE NEW YORK STATE COMMUNITY HEALTH CARE REVOLVING CAPITAL LOAN FUND, WHICH IS ADMINISTERED BY PCDC. THE BILL WOULD EXPAND THE LIST OF ELIGIBLE USES OF THE FUND TO ALLOW FOR WORKING CAPITAL AND OPERATIONAL EXPENSES. THE SECOND, S6534A/A7230, SEEKS TO DEFINE, MEASURE, AND REPORT ON CURRENT PRIMARY CARE SPENDING, AND INCREASE THE PROPORTION OF THE HEALTH CARE DOLLAR THAT GOES TO PRIMARY CARE SERVICES ACROSS ALL PAYERS. PCDC POLICY STAFF WORKED TO CREATE MESSAGING AND COLLATERALS IN SUPPORT OF THESE BILLS, SECURE MEDIA ANNOUNCEMENTS, ENGAGE STAKEHOLDERS ACROSS THE STATE TO GAIN THEIR SUPPORT, AND MEET WITH SEVERAL LAWMAKERS TO ADVOCATE FOR THEIR PASSAGE. BOTH BILLS WERE MET WITH A POSITIVE RESPONSE AND SAW SWIFT INITIAL MOVEMENT IN THE LEGISLATURE, BEING PASSED OUT OF BOTH THE ASSEMBLY AND SENATE HEALTH COMMITTEES. S6534A WAS ALSO SUBSEQUENTLY PASSED OUT OF THE ASSEMBLY CODES COMMITTEE. BOTH BILLS WILL BE CARRIED OVER TO NEXT YEAR'S LEGISLATIVE SESSION. HOSTING A LEGISLATIVE BRIEFING ON THE NEED TO INCREASE SUPPORT FOR PRIMARY CARE IN LIGHT OF COVID-19 CHALLENGES: MODERATED BY PCDC CEO, LOUISE COHEN, THE EVENT FEATURED A CONVERSATION BETWEEN THREE PRIMARY CARE PROVIDERS FROM ACROSS NEW YORK STATE IN WHICH THEY EACH SHARED THEIR EXPERIENCES PROVIDING CARE THROUGHOUT THE COVID-19 PANDEMIC AND THOUGHTS ON HOW TO IMPROVE PRIMARY CARE GOING FORWARD. THE EVENT OPENED WITH INTRODUCTORY REMARKS FROM THE CHAIRS OF THE ASSEMBLY AND SENATE HEALTH COMMITTEES, ASSEMBLYMEMBER RICHARD GOTTFRIED AND SENATOR GUSTAVO RIVERA. OVER THIRTY LEGISLATIVE OFFICES HAD STAFF IN ATTENDANCE AT THE EVENT.TESTIFYING IN SUPPORT OF PRIMARY CARE: PCDC CEO, LOUISE COHEN, TESTIFIED BEFORE THE NEW YORK STATE LEGISLATURE'S JOINT LEGISLATIVE BUDGET HEARING ON HEALTH/MEDICAID, HIGHLIGHTING THE IMPORTANCE OF PRIMARY CARE, ITS IMPACT ON HEALTH OUTCOMES FOR NEW YORK STATE RESIDENTS, AND PCDC'S WORK ACROSS THE STATE. RELEASING REPORTS AND BRIEFS ON PRIMARY CARE ACCESS: PCDC'S EVALUATION AND ANALYTICS UNIT ISSUED TWO NEW BRIEFS WITHIN THE POINTS ON CARE SERIES: TODAY'S HEALTH INEQUITIES IN NEW YORK CITY DRIVEN BY HISTORIC REDLINING PRACTICES, WHICH EXAMINES HOW DISCRIMINATORY LENDING AND HOUSING PRACTICES RESULTED IN THE CREATION OF HEALTH DISPARITIES ACROSS NEW YORK CITY, AND RISING NEED FOR BEHAVIORAL HEALTH INTEGRATION, WHICH REVIEWS THE MOST RECENT INFORMATION ON PRIMARY AND BEHAVIORAL HEALTH CARE INTEGRATION AS WELL AS EMERGING DATA ON RISING BEHAVIORAL HEALTH NEEDS AMID THE COVID-19 PANDEMIC. PCDC ALSO RELEASED A NEW REPORT: PRIMARY CARE ACCESS IN LOS ANGELES COUNTY SUPERVISORIAL DISTRICTS. THIS REPORT PROVIDES NEW INFORMATION ON PRIMARY CARE ACCESS AND HEALTH STATUS FOR RESIDENTS OF LOS ANGELES COUNTY'S FIVE SUPERVISORIAL DISTRICTS, DEMONSTRATING HOW THESE MEASURES VARY WITHIN AND ACROSS DISTRICTS. BY PRESENTING THIS DATA AT THE SUPERVISORIAL DISTRICT LEVEL, PCDC HOPES TO EMPOWER POLICYMAKERS AND PRIMARY CARE ADVOCATES TO ADDRESS EXISTING INEQUITIES IN ACCESS TO QUALITY PRIMARY CARE ACROSS LOS ANGELES.ADVOCATING PUBLICLY AND FREQUENTLY FOR IMPROVED PRIMARY CARE ACCESS: THROUGH MULTIPLE PUBLIC COMMENTS AND SIGNING ON TO LETTERS FROM OTHER ORGANIZATIONS, PCDC LENT ITS VOICE TO MULTIPLE POLICY CONCERNS INCLUDING DISPARITIES IN PRIMARY CARE ACCESS AMONG NEW YORK CITY COUNCIL DISTRICTS AND ACROSS NEW YORK STATE; THE NEED TO INTEGRATE PRIMARY AND BEHAVIORAL HEALTH CARE; AND PRIORITIZING PRIMARY CARE IN COVID-19 RECOVERY, INCLUDING THROUGH STIMULUS FUNDING, AND, IN PARTICULAR, POLICIES THAT WOULD THREATEN THE STABILITY AND EFFECTIVENESS OF THE FEDERAL 340B DRUG PRICING PROGRAM AT THE FEDERAL AND STATE LEVELS IN BOTH CALIFORNIA AND NEW YORK. PCDC WAS ESPECIALLY ACTIVE IN ADVOCACY TO PROTECT THE 340B PROGRAM IN NEW YORK STATE, THROUGH JOINING A STATEWIDE COALITION TO PROTECT SAFETY NET PROVIDERS AND MEETING WITH LAWMAKERS TO PROVIDE PCDC'S UNIQUE PERSPECTIVE ON THE MATTER AS A FINANCING INSTITUTION. THE GOAL THROUGHOUT THESE ACTIVITIES WAS TO ADVANCE POLICIES THAT INCREASE ACCESS TO QUALITY PRIMARY CARE, ENABLING IT TO MORE SUCCESSFULLY IMPROVE HEALTH OUTCOMES, REDUCE COSTS, AND IMPROVE HEALTH EQUITY. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $9,537,362 | 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 | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | 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 | 0 | 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 | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 51 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 56 | 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 | 0 | QuidProQuoContributionsInd |
| 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 | 21 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 21 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | 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 | NC | 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 | WA | 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 |
| 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 CFO | 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 (37 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 | ||||||||
| CHAIRMAN | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DAVID CHOKSHI | ||||||||
| BOARD MEMBER (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DAVID MANKO | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DIANA MASON | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| DONALD L ASHKENASE | ||||||||
| SECRETARY (OUTGOING) | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DUDLEY BENOIT | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| EMILY FLYNN | ||||||||
| BOARD MEMBER (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| GARY 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 | |||
| JAMES F CRYSTAL | ||||||||
| BOARD MEMBER (OUTGOING) | 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 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MATT SIEGLER | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| OXIRIS BARBOT | ||||||||
| BOARD MEMBER (OUTGOING) | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| PABLO BRAVO | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SARAH GELFAND | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| SCOTT MORGAN | ||||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| SUZETTE GORDON | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| UDAI TAMBAR | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| YVETTE TEOFAN | ||||||||
| BOARD MEMBER | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| LOUISE COHEN | ||||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | $345,278 | $0 | $22,875 | |||
| MICHAEL ROSEN | ||||||||
| CFO/COO (OUTGOING) | 40.00 | Yes (X) | $270,100 | $0 | $31,247 | |||
| ANNE DYJAK | ||||||||
| MANAGING DIR., CAPITAL INV | 40.00 | $247,582 | $0 | $15,147 | Yes (X) | |||
| GITA RAO | ||||||||
| CHIEF CREDIT OFFICER | 40.00 | $191,825 | $0 | $51,668 | Yes (X) | |||
| ISAAC KASTENBAUM | ||||||||
| MANAGING DIR., PERF. | 40.00 | $223,688 | $0 | $13,752 | Yes (X) | |||
| WILLIAM O'BRIEN | ||||||||
| CHIEF LENDING OFFICER | 40.00 | $204,525 | $0 | $49,872 | Yes (X) | |||
| ADAM CARSON | ||||||||
| DEPUTY MANAGING DIR. | 40.00 | $176,440 | $0 | $27,237 | Yes (X) | |||
| ANDREW PHILIP | ||||||||
| SR. DIR. CLINICAL & POP. H | 40.00 | $178,709 | $0 | $19,638 | Yes (X) | |||
| DAVID DESAI-RAMIREZ | ||||||||
| SENIOR DIRECTOR | 40.00 | $174,149 | $0 | $40,037 | Yes (X) | |||
| NANCY LAGER | ||||||||
| DIRECTOR, CAPITAL INVEST | 40.00 | $175,969 | $0 | $25,664 | Yes (X) | |||
| SHUK HAN LEUNG | ||||||||
| DIRECTOR OF FINANCE | 40.00 | $178,684 | $0 | $37,375 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,366,949 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $334,512 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 21 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HADEN GROUP LLC DBA TECHNOLOGY ON PREMIS | |||||
| 222 E 46TH ST RM 403 | NEW YORK | NY | 10017 | IT CONSULTING | $206,927 |
| MCCARTER & ENGLISH LLP | |||||
| WORLDWIDE PLAZA 825 EIGHTH AVE 3 | NEW YORK | NY | 10019 | LEGAL SERVICES | $161,328 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $4,293,362 | GovernmentGrantsAmt |
| All Other Contributions | $10,968,554 | AllOtherContributionsAmt |
| Total Contributions | $15,261,916 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM FEES | 900099 | $4,475,667 | $4,475,667 |
| INTEREST ON LOANS | 900099 | $3,328,375 | $3,328,375 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $7,804,042 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $260,218 | TotalRevenueColumnAmt |
| Exclusion | $260,218 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,822,500 | SecuritiesAmt |
| Other | $2,541 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $1,895,246 | SecuritiesAmt |
| Other | $1,087 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$72,746 | SecuritiesAmt |
| Other | $1,454 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$71,292 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,454 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | -$72,746 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RECOVERY OF UNCOLLECTIBLE ACCT | 900099 | $450,000 | $450,000 |
| MISCELLANEOUS INCOME | 900099 | $17 | $17 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $450,017 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $23,704,901 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,255,513 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $187,472 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,707,929 | TotalAmt |
| Program Services | $1,127,540 | ProgramServicesAmt |
| Management And General | $564,873 | ManagementAndGeneralAmt |
| Fundraising | $15,516 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,677,818 | TotalAmt |
| Program Services | $3,896,675 | ProgramServicesAmt |
| Management And General | $764,233 | ManagementAndGeneralAmt |
| Fundraising | $16,910 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $165,759 | TotalAmt |
| Program Services | $150,059 | ProgramServicesAmt |
| Management And General | $15,424 | ManagementAndGeneralAmt |
| Fundraising | $276 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $552,512 | TotalAmt |
| Program Services | $443,921 | ProgramServicesAmt |
| Management And General | $106,019 | ManagementAndGeneralAmt |
| Fundraising | $2,572 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $486,063 | TotalAmt |
| Program Services | $394,940 | ProgramServicesAmt |
| Management And General | $89,001 | ManagementAndGeneralAmt |
| Fundraising | $2,122 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $584,597 | TotalAmt |
| Program Services | $565,879 | ProgramServicesAmt |
| Management And General | $18,718 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,311 | TotalAmt |
| Management And General | $58,311 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $51,102 | TotalAmt |
| Program Services | $51,102 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $444,430 | TotalAmt |
| Program Services | $410,696 | ProgramServicesAmt |
| Management And General | $23,469 | ManagementAndGeneralAmt |
| Fundraising | $10,265 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $162,917 | TotalAmt |
| Program Services | $108,366 | ProgramServicesAmt |
| Management And General | $46,563 | ManagementAndGeneralAmt |
| Fundraising | $7,988 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $288,654 | TotalAmt |
| Program Services | $212,204 | ProgramServicesAmt |
| Management And General | $73,530 | ManagementAndGeneralAmt |
| Fundraising | $2,920 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $571,266 | TotalAmt |
| Program Services | $452,223 | ProgramServicesAmt |
| Management And General | $115,288 | ManagementAndGeneralAmt |
| Fundraising | $3,755 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $567 | TotalAmt |
| Program Services | $113 | ProgramServicesAmt |
| Management And General | $454 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,726 | TotalAmt |
| Program Services | $38,541 | ProgramServicesAmt |
| Management And General | $1,185 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,149,058 | TotalAmt |
| Program Services | $1,140,221 | ProgramServicesAmt |
| Management And General | $8,837 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $65,926 | TotalAmt |
| Program Services | $51,990 | ProgramServicesAmt |
| Management And General | $13,519 | ManagementAndGeneralAmt |
| Fundraising | $417 | FundraisingAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $61,715 | TotalAmt |
| Program Services | $500 | ProgramServicesAmt |
| Management And General | $61,215 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| PROVISION FOR LOAN LOSS | $170,783 | $170,783 | |
| DUES & SUBSCRIPTIONS | $77,429 | $67,965 | $9,464 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $350,731 | TotalAmt |
| Program Services | $253,644 | ProgramServicesAmt |
| Management And General | $89,891 | ManagementAndGeneralAmt |
| Fundraising | $7,196 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,667,293 | TotalAmt |
| Program Services | $9,537,362 | ProgramServicesAmt |
| Management And General | $2,059,994 | ManagementAndGeneralAmt |
| Fundraising | $69,937 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,014,935 | BOYAmt |
| EOY | $60,550,252 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $870,855 | BOYAmt |
| EOY | $1,271,389 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $299,867 | BOYAmt |
| EOY | $718,165 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,662,470 | BOYAmt |
| EOY | $52,867,878 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $160,147 | BOYAmt |
| EOY | $150,814 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $675,858 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $419,012 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $301,809 | BOYAmt |
| EOY | $256,846 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,203,685 | BOYAmt |
| EOY | $8,627,702 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,745 | BOYAmt |
| EOY | $24,260 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,943,115 | BOYAmt |
| EOY | $4,850,331 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,477,628 | BOYAmt |
| EOY | $129,317,637 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,517,910 | BOYAmt |
| EOY | $1,842,105 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,013,590 | BOYAmt |
| EOY | $1,655,341 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,128,052 | BOYAmt |
| EOY | $46,213,640 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $24,562,511 | BOYAmt |
| EOY | $24,493,375 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,222,063 | BOYAmt |
| EOY | $74,204,461 | 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 | $25,175,562 | BOYAmt |
| EOY | $28,372,673 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,080,003 | BOYAmt |
| EOY | $26,740,503 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,255,565 | BOYAmt |
| EOY | $55,113,176 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100,477,628 | BOYAmt |
| EOY | $129,317,637 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $12,037,608 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$179,997 | 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) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| 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 | $4,580,693 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,853,234 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,164,161 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,354,066 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,261,916 | CurrentTaxYearAmt |
| Total | $31,214,070 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,580,693 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,853,234 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,164,161 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $4,354,066 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $15,261,916 | CurrentTaxYearAmt |
| Total | $31,214,070 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $9,326,060 | SubstantialContributorsTotAmt |
| Public Support Total170 | $21,888,010 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $290,678 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $317,035 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $347,997 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $335,439 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $260,218 | CurrentTaxYearAmt |
| Total | $1,551,367 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $204,840 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $190,985 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $32,705 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $53,040 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $450,017 | CurrentTaxYearAmt |
| Total | $931,587 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $33,697,024 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $35,427,634 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.64960 | PublicSupportCY170Pct |
| Public Support PY170 | 0.88320 | 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 | MISCELLANEOUS INCOME - 2020 AMOUNT: $ 17. FUNDRAISING INCOME - 2016 AMOUNT: $ 204,840. 2017 AMOUNT: $ 190,985. 2018 AMOUNT: $ 32,705. 2019 AMOUNT: $ 53,040. 2020 AMOUNT: $ 0. RECOVERY OF UNCOLLECTIBLE ACCT - 2020 AMOUNT: $ 450,000. | 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 | $63,769 | DirectContactLegislatorsAmt |
| Rallies Demonstrations | 0 | RalliesDemonstrationsInd |
| Other Activities | 0 | OtherActivitiesInd |
| Total Lobbying Expenditures | $63,769 | 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 EDUCATE THEM ON PRIMARY CARE ISSUES AND OBTAIN FUNDING FOR PCDC-LED INITIATIVES THAT EXPAND ACCESS TO AND 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 | $244,884 | DepreciationAmt |
| Book Value | $130,284 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $183,338 | OtherCostOrOtherBasisAmt |
| Depreciation | $110,466 | DepreciationAmt |
| Book Value | $72,872 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $117,352 | OtherCostOrOtherBasisAmt |
| Depreciation | $63,662 | DepreciationAmt |
| Book Value | $53,690 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $256,846 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| RESERVES AND DEPOSITS PAYABLE | $4,134,880 |
| DEFERRED RENT | $217,387 |
| DUE TO NEW YORK CITY BOND PROGRAM | $583,387 |
| DUE TO THIRD PARTY | $19,557,721 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $24,493,375 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $23,524,904 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$179,997 | NetUnrealizedGainsInvstAmt |
| Revenue Not Reported | -$179,997 | RevenueNotReportedAmt |
| Revenue Subtotal | $23,704,901 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $23,704,901 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $11,667,293 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $11,667,293 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $11,667,293 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PCDC HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 AND 2020 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. | ExplanationTxt |
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 (11 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 | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $344,090 | $0 | $0 | $0 | $1,188 | $0 | $18,927 | $0 | $3,948 | $0 | $368,153 | $0 | $0 | $0 |
| MICHAEL ROSEN | ||||||||||||||
| CFO/COO (OUTGOING) | $268,912 | $0 | $0 | $0 | $1,188 | $0 | $14,646 | $0 | $16,601 | $0 | $301,347 | $0 | $0 | $0 |
| ANNE DYJAK | ||||||||||||||
| MANAGING DIR., CAPITAL INV | $246,808 | $0 | $0 | $0 | $774 | $0 | $12,170 | $0 | $2,977 | $0 | $262,729 | $0 | $0 | $0 |
| WILLIAM O'BRIEN | ||||||||||||||
| CHIEF LENDING OFFICER | $203,751 | $0 | $0 | $0 | $774 | $0 | $10,874 | $0 | $38,998 | $0 | $254,397 | $0 | $0 | $0 |
| GITA RAO | ||||||||||||||
| CHIEF CREDIT OFFICER | $191,645 | $0 | $0 | $0 | $180 | $0 | $10,380 | $0 | $41,288 | $0 | $243,493 | $0 | $0 | $0 |
| ISAAC KASTENBAUM | ||||||||||||||
| MANAGING DIR., PERF. | $223,568 | $0 | $0 | $0 | $120 | $0 | $0 | $0 | $13,752 | $0 | $237,440 | $0 | $0 | $0 |
| SHUK HAN LEUNG | ||||||||||||||
| DIRECTOR OF FINANCE | $163,933 | $0 | $14,337 | $0 | $414 | $0 | $8,684 | $0 | $28,691 | $0 | $216,059 | $0 | $0 | $0 |
| DAVID DESAI-RAMIREZ | ||||||||||||||
| SENIOR DIRECTOR | $174,014 | $0 | $0 | $0 | $135 | $0 | $0 | $0 | $40,037 | $0 | $214,186 | $0 | $0 | $0 |
| ADAM CARSON | ||||||||||||||
| DEPUTY MANAGING DIR. | $176,278 | $0 | $0 | $0 | $162 | $0 | $629 | $0 | $26,608 | $0 | $203,677 | $0 | $0 | $0 |
| NANCY LAGER | ||||||||||||||
| DIRECTOR, CAPITAL INVEST | $174,781 | $0 | $0 | $0 | $1,188 | $0 | $8,918 | $0 | $16,746 | $0 | $201,633 | $0 | $0 | $0 |
| ANDREW PHILIP | ||||||||||||||
| SR. DIR. CLINICAL & POP. H | $178,547 | $0 | $0 | $0 | $162 | $0 | $5,304 | $0 | $14,334 | $0 | $198,347 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 7 | FormAndLineReferenceDesc |
| Explanation | NO BONUS PAYMENT WAS APPROVED DURING CALENDAR YEAR 2020 (FISCAL YEAR 20) DUE TO COVID. THE ONLY BONUS LISTED IN SCHEDULE J REPRESENTS PAYMENT OF BONUS ACCRUED IN PRIOR FISCAL YEAR BUT DEFERRED TO BE PAID IN CALENDAR YEAR 2020. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 2 | CAROL RAPHAEL, VICE CHAIR, AND CHRISTOPHER KOLLER, BOARD MEMBER HAVE A BUSINESS RELATIONSHIP AS BOTH BEING BOARD MEMBERS OF THE COMMONWEATH CARE ALLIANCE. THE DAUGHTER OF DAVID MANKO, BOARD MEMBER, WAS EMPLOYED BY PCDC AS AN INTERN. THE INTERNSHIP ENDED IN DECEMBER OF 2020. |
| 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 COMMITTEE. UPON APPROVAL OF THE FINANCE COMMITTEE, THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS. 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 HIS OR HER 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. SIMILARILY, 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. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION COMPARABLE DATA IS COMPILED 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 SURVEY 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 THE COMPENSATION DATA PREPARED BY THE INDEPENDENT CONSULTANT. THE BOARD MAKES THE FINAL DECISION IN AN EXECUTIVE SESSION WITH NO STAFF PRESENT. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO AND CFO ANNUALLY BASED PRIMARILY ON PERFORMANCE APPRAISALS AND COMPARABLE SALARY SURVEY PREPARED BY THE INDEPENDENT CONSULTANT AND IS REVIEWED BY THE GC. |
| FORM 990, PART VI, SECTION C, LINE 19 | PCDC'S AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (36 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 | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PCDC EMPIRE STATE HEALTH OPPORTUNITIES FUND IV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 262054736 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $3 | $1,000 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND V LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 471122026 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | $950 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND VI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 471147896 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | $750 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND VII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 471150721 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $5 | $700 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND VIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 471160866 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $2 | $400 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND IX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 471174154 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $500 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND X LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 471186012 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1,200 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 471197703 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $7 | $1,250 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 471208668 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $16 | $900 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 474416943 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $7 | $1,300 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XIV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 474439649 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $2 | $850 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 474452002 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | $650 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XVI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 474464362 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | $800 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XVII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 474476378 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $4 | $1,100 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XVIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814830979 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1,000 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XIX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814845795 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $14 | $900 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814859546 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | $550 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XXI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814878558 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $700 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XXII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814914582 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | $900 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XXIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814932296 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $7 | $1,000 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XXIV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814835602 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | $800 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XXV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814852986 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $650 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XXVI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814871292 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1 | $1,000 | 0 | Yes (1) | 0.00010 |
| PCDC HEALTH OPPORTUNITIES FUND XXVII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 814889085 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $950 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XXVIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 824907042 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $1,000 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XXIX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 824923506 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $900 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XXX LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 852534624 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $550 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XXXI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 852568577 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $625 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XXXII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 852615152 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND XXXIII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 852647296 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | $600 | 0 | Yes (1) | 0.00010 | |
| PCDC HEALTH OPPORTUNITIES FUND XXXIV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 852667723 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND XXXV LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 852701908 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND XXXVI LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 852709023 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| PCDC HEALTH OPPORTUNITIES FUND XXXVII LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 852560563 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 0.99000 | ||
| HEALTHCO | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 464147984 | PCDC LOAN PROGRAMS | NY | PCDC | RELATED | $500 | 0 | 0 | 0.33330 | |
| PCDC NMTC HEALTH FUND LLC | |||||||||||||
| C/O PCDC 45 BROADWAY | NEW YORK | NY | 10006 | 831213730 | HEALTH CARE NMTC PROGRAM LOANS | NY | PCDC | RELATED | 0 | Yes (1) | 1.00000 | ||
| 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 | 0 | 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 | Yes (1) | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (9 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| PCDC HEALTH OPPORTUNITIES FUND LLC XXVIII | ||
| L | $357,640 | COST |
| PCDC HEALTH OPPORTUNITIES FUND LLC XXIX | ||
| L | $313,250 | COST |
| PCDC HEALTH OPPORTUNITIES FUND LLC XXX | ||
| L | $191,431 | COST |
| PCDC HEALTH OPPORTUNITIES FUND LLC XXXI | ||
| L | $206,458 | COST |
| PCDC HEALTH OPPORTUNITIES FUND LLC XXXIII | ||
| L | $195,583 | COST |
| PCDC HEALTH OPPORTUNITIES FUND LLC XIII | ||
| L | $65,000 | COST |
| PCDC HEALTH OPPORTUNITIES FUND LLC XI | ||
| L | $62,500 | COST |
| PCDC HEALTH OPPORTUNITIES FUND LLC X | ||
| L | $60,000 | COST |
| PCDC HEALTH OPPORTUNITIES FUND LLC XVII | ||
| L | $55,000 | COST |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, SCHEDULE R - PART III: | FormAndLineReferenceDesc |
| Explanation | BETWEEN FISCAL YEARS 2007 AND 2021, PCDC WAS AWARDED $313 MILLION IN NEW MARKETS TAX CREDIT ("NMTC") ALLOCATION TO FINANCE THE CONSTRUCTION OF HEALTH CENTERS IN LOW-INCOME COMMUNITIES. THE PROGRAM, ADMINISTERED BY THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND ("CDFI 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. AS SUCH, PCDC CREATED 37 SUCH ENTITIES, ALL OF WHICH ARE MULTI-MEMBER LIMITED LIABILITY COMPANIES. AS OF JUNE 30, 2021, 29 OF THESE ENTITIES ARE IN USE. 3 LLCS WERE UNWOUND AFTER THE END OF THEIR 7-YEAR COMPLIANCE PERIOD. PURSUANT TO THE AMENDED OPERATING AGREEMENTS FOR ACTIVE LLCS, PCDC 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 PCDC REMAINS THE MANAGING MEMBER. IN THE INDEMNIFICATION AGREEMENTS WITH EACH INVESTOR PCDC AGREES TO INDEMNIFY INVESTORS IF THERE IS A LOSS OF NEW MARKET TAX CREDITS 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, PCDC'S LIABILITY IS SUBJECT TO THE AFOREMENTIONED INDEMNIFICATION LIMIT IN EACH AGREEMENT WITH AN ESTIMATED AMOUNT TOTALING $17.4 MILLION. PCDC 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 PCDC NMTC ADVISORY BOARD. UNDER THE TERMS OF THE AMENDED OPERATING AGREEMENTS, PCDC MADE A PROPORTIONAL EQUITY CONTRIBUTION BASED ON EACH QEI AND PCDC'S .01% MEMBERSHIP INTEREST IN EACH LLC. IN DECEMBER, 2013 PCDC ENTERED INTO AN AGREEMENT WITH TWO OTHER CDFI'S TO FORM HEALTHCO PARTICIPANT, LLC ("HEALTHCO") AS A FINANCING VEHICLE TO PROVIDE INDIRECT FACILITY FINANCING FOR FEDERALLY QUALIFIED HEALTHCARE CENTERS. PCDC 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. AT JUNE 30, 2021, PCDC'S INVESTMENT IN HEALTHCO AMOUNTED TO $500. | ExplanationTxt |