2021-11-12T14:35:50-06:00 2020-12-31 943108253 NOVOGRADAC & COMPANY LLP 211 E OCEAN BLVD SUITE 600 LONG BEACH CA 90802 990 2020-01-01 352175243 PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION PHOE 6022626242 251 W WASHINGTON STREET 9TH FLOOR PHOENIX AZ 85003 JUAN SALGADO CHIEF EXECUTIVE OFFICER 6022626242 2021-11-12 1 JUAN SALGADO 999009999 WILLIAM A LETSINGER P00478303 5624329482 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z JUAN SALGADO 251 W WASHINGTON STREET 9TH FLOOR PHOENIX AZ 85003 4693317 0 X WWW.PCDIC.ORG X 2002 AZ TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION THROUGH SERVING OR PROVIDING INVESTMENT CAPITAL FOR QUALIFIED LOW-INCOME COMMUNITIES THROUGH COMMUNITY DEVELOPMENT ENTITIES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 45D AND THE TREASURY REGULATIONS THEREUNDER. 7 4 0 0 0 0 355000 180000 1914659 427681 683815 516692 3000 3568944 2956474 4693317 165000 2311000 0 0 0 0 0 0 0 861086 731872 1026086 3042872 1930388 1650445 34334158 36272976 63995 47250 34270163 36225726 X TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION THROUGH SERVING OR PROVIDING INVESTMENT CAPITAL FOR QUALIFIED LOW-INCOME COMMUNITIES THROUGH COMMUNITY DEVELOPMENT ENTITIES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 45D AND THE TREASURY REGULATIONS THEREUNDER. 0 0 231116 3996625 NEW MARKETS TAX CREDIT LOAN PROGRAM - TO ATTRACT AND PROVIDE FUNDS FOR PROJECTS THAT WILL IMPROVE THE QUALITY OF LIFE OF THOSE INDIVIDUALS WHO LIVE AND WORK IN UNDERSERVED AREAS OF THE COMMUNITY. 49525 NON-NEW MARKETS SMALL BUSINESS LOANS TO BUSINESSES THAT WOULD NOT QUALIFY FOR TRADITIONAL LENDING, DESIGNED TO ASSIST IN THOSE COMMUNITIES THAT WE SERVE. 2360525 2311000 COLLEGE AND UNIVERSITY SCHOLARSHIP GRANTS FOR TUITION AND OTHER COSTS ARE AWARDED FOR UP TO 4 YEARS TO PRIMARILY LMI STUDENTS, A MAJORITY OF WHOM ARE FIRST-GENERATION COLLEGE STUDENTS. ADDITIONALLY, PCDIC PROVIDED COVID-19 FINANCIAL RELIEF GRANTS TO SMALL BUSINESSES AND NONPROFITS IN LMI AREAS OF MARICOPA COUNTY, AS WELL AS GRANTS TO LOCAL NONPROFITS FOR PROJECTS IN LMI AREAS SUPPORTING AFFORDABLE HOUSING, COMMUNITY/ECONOMIC DEVELOPMENT, HEALTH INNOVATION, AND YOUTH & FAMILY DEVELOPMENT. 2641166 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 5 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 AZ X PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION 6022626242 251 W WASHINGTON STREET 9TH FLOOR PHOENIX AZ 85003 X MILTON DOHONEY BOARD MEMBER, CHAIR 1.00 X X 0 0 0 PHILLIP BREIDENBACH BOARD MEMBER, TREASURER 1.00 X X 0 0 0 GWENDOLYN RELF BOARD MEMBER 1.00 X 0 0 0 KURT SHEPPARD BOARD MEMBER 1.00 X 0 0 0 JOHN CHAN BOARD MEMBER 1.00 X 0 0 0 DIANA YAZZIE DEVINE BOARD MEMBER, SECRETARY 1.00 X X 0 0 0 JUAN SALGADO CHIEF EXECUTIVE OFFICER 10.00 X 0 0 0 GINGER SPENCER VICE CHAIR 1.00 X 0 0 0 0 0 0 0 0 0 0 PHOENIX IDA 3352 E CAMELBACK RD PHOENIX AZ 85018 MANAGEMENT SERVICES 600000 1 180000 180000 ASSET MANAGEMENT FEE 523920 380513 380513 LOAN SERVICING FEE 523920 47166 47166 PROGRAM RELATED INVEST 523920 2 2 427681 516692 516692 OTHER INCOME 900099 3531035 3531035 MISCELLANEOUS INCOME 900099 37909 37909 3568944 4693317 3996625 0 516692 2311000 2311000 600000 330000 270000 15196 15196 12000 12000 96927 96927 166 166 153 153 2532 2532 MISCELLANEOUS EXPENSE 4898 4898 3042872 2641166 401706 0 31475482 31851370 180408 475414 2671746 3941984 6522 4208 0 34334158 36272976 63995 0 47250 63995 47250 X 33011690 35394753 1258473 830973 34270163 36225726 34334158 36272976 X 1650445 305118 X 0 1 X 1 0 X 105429 105429 636284 355000 180000 1382142 263826 331404 168803 67993 105933 937959 369255 436833 805087 422993 285933 2320101 735832 1584269 210721 213955 493750 586674 457543 1962643 4282744 18338958 0.36990 0.40100 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 5104215 105933 304965 410898 4693317 0 4693317 3148652 105933 105933 3042719 153 153 3042872 PART XI, LINE 2D - OTHER ADJUSTMENTS: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS -70,148. UNREALIZED GAINS/LOSSES 375,113. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION EXPENSE 153. 1 ARIZONA COVID-19 COMMUNITY RESPONSE FUND 2201 E CAMELBACK ROAD SUITE 405B PHOENIX AZ 85016 860348306 1100000 0 N/A N/A PROVIDED ASSISTANCE TO HELP NONPROFITS IN PHOENIX IMPACTED BY THE PANDEMIC - GRANTS DISTRIBUTED THROUGH ACF. LOCAL FIRST SMALL BUSINESS RELIEF FUND 100000 0 N/A N/A PROVIDED ASSISTANCE TO HELP SMALL BUSINESSES IMPACTED BY THE PANDEMIC. A NEW LEAF 868 E UNIVERSITY DRIVE MESA AZ 85203 860256667 501(C)(3) 15000 0 N/A N/A FUNDING TO EQUIP COMPUTER LABS WITH UPDATED DESDTOP COMPUTERS AT WORKFORCE DEVELOPMENT LOCATIONS. ARIZONA CAREER PATHWAYS 108 NORTH 40TH STREET SOUTH BUILDING ROOM 1146 PHOENIX AZ 85034 274590173 501(C)(3) 25000 0 N/A N/A FUNDING USED TO ENROLL AND SUPPORT 50 PARTICIPANTS IN THE EXPANDING CAREER PATHWAYS FOR METRO PHX. PROGRAM. BE A LEADER FOUNDATION 1717 W NORTHERN AVENUE SUITE 116 PHOENIX AZ 85021 550850279 501(C)(3) 25000 0 N/A N/A FUNDING TO ENHANCE THE BE A LEADER INSTITUTE HIGH SCHOOL PROGRAM AND CLUB NETWORK. BIG BROTHERS BIG SISTERS OF CENTRAL ARIZONA 4745 N 7TH ST SUITE 210 PHOENIX AZ 85014 742551676 501(C)(3) 12500 0 N/A N/A FUNDING TO SUPPORT THE BIG FUTURE SUCCESS PROGRAM. BOYS & GIRLS CLUBS OF EAST VALLEY METRO PHOENIX 4309 E BELLEVIEW ST BLDG 14 PHOENIX AZ 85008 860550646 501(C)(3) 25000 0 N/A N/A FUNDING WILL BE USED TO PROVIDE TUTORING SERVICES, CONDUCT STEM EDUCATIONAL ACTIVITIES AND PURCHASE CURRICULUM. CAMP COLLEY FOUNDATION 216 W PORTLAND ST PHOENIX AZ 85003 161706639 501(C)(3) 22500 0 N/A N/A FUNDING WILL COVER COSTS ASSOCIATED WITH PROGRAM DESIGN, DEVELOOPMENT, MARKETING AND EVALUATION OF ENVIRONMENTAL SCIENCE PROGRAM. CENTER FOR THE FUTURE OF ARIZONA 541 E VAN BUREN SUITE B-5 PHOENIX AZ 85004 820538372 501(C)(3) 37500 0 N/A N/A FUNDING WILL SUPPORT 1500+STUDENTS IN PHX./MARICOPA COUNTY THROUGH THEIR ENGAGEMENT IN COMPREHENSIVE EARLY COLLEGE CAREER PATHWAYS. CENTRAL ARIZONA SHELTER SERVICES 25000 0 N/A N/A FUNDING WILL ALLOW CASS TO EXPAND THE FINANCIAL ASSISTANCE PROGRAM TO AN ESTIMATED 300 INDIVIDUALS/FAMILIES IN WEST VALLEY. COMMUNITY BRIDGES INC 1855 W BASELINE RD SUITE 101 MESA AZ 85202 942880847 501(C)(3) 75000 0 N/A N/A FUNDING WILL BE UTILIZED TO SUPPORT THE OPERATIONAL EXPENSES OF THE TEMPORARY SHELTER BRIDGE FACILITY. FIRST PLACE AZ 717 E MARYLAND AVE SUITE 110 PHOENIX AZ 85014 461722227 501(C)(3) 50000 0 N/A N/A FUNDING WILL ASSIST IN DEVELOPING A SISTER STUDY TO THE INTERNATIONALLY RECOGNIZED 2009 "OPENING DOORS: A DISCUSSION OF RESIDENTIAL OPTIONS FOR ADULTS LIVING WITH AUTISM. HUSTLE PHX 25000 0 N/A N/A FUNDING WILL BE USED TO SERVE 108 ENTREPRENEURS THROUGH LOCAL PARTNERS BY PROVIDING AND DELIVERING ENTREPREEURSHIP TRAINING CURRICULUM. JOBS FOR ARIZONA'S GRADUATES INC 3320 W CHERYL DR SUITE B220 PHOENIX AZ 85051 860669709 501(C)(3) 12500 0 N/A N/A FUNDING WILL HELP JAG THROUGH THE ACCESS AND SUCCESS INITIATIVE PROGRAM ENSURE THAT MORE THAN 950 AT-RISH AND LOW-INCOME MIDDLE AND HIGH SCHOOL STUDENTS ARE PREPARED TO PURSUE THEIR SELECTED CAREER PATHWAY. MARYVALE REVITALIZATION CORPORATIO 3802 N 53RD AVE SUITE 350 PHOENIX AZ 85031 860713066 501(C)(3) 17500 0 N/A N/A FUNDING WILL PROVIDE OPPORTUNITY, EDUCATION AND MENTORING TO JOB AND CAREER SEEKERS TO GROW OR SCALL THEIR BUSINESS. PHOENIX CENTER FOR THE ARTS (ALIENTO) 25000 0 N/A N/A FUNDING WILL BE UTILIZED TO FURTHER EXPAND THE RECRUITMENT AND TRAINING OF STUDENT FELLOWS AT PARTNER INSTITUTIONS. SI SE PUEDE FOUNDATION PO BOX 1929 PHOENIX AZ 85001 860922834 501(C)(3) 20000 0 N/A N/A FUNDING WILL BE UTILIZED TO SUSTAIN AND GROW ALL SIX SI SE PUEDE ROBOTICS PROGRAMS. TEACH FOR AMERICA 25000 0 N/A N/A FUNDING WILL SUPPORT TFA'S EFFORTS TO BUILD A COALITION OF LEADERS SEEKING TO SHAPE EDUCATIONAL EQUITY BY BRINGING 10 NEW TFA TEACHERS TO PHX. THE SALVATION ARMY SOUTHWEST DIVISION 12500 0 N/A N/A FUNDING WILL SUPPORT THE VOCATIONAL PROGRAM WHICH EQUIPS CLIENTS WITH ESSENTIAL RESOURCES TO SECURE EMPLOYMENT DURING THEIR SHELTER STAY. TREASURE HOUSE 25000 0 N/A N/A FUNDING WILL PROVIDE WORKFORCE DEVELOPMENT TRAINING FOR 29 YOUNG ADULTS WITH DISABILITIES. VALLEY OF THE SUN UNITED WAY 16000 FUNDING WILL COVER THE COSTS FOR 2,000 SCHOOL READINESS KITS. WESLEY COMMUNITY CENTER 12500 FUNDING WILL BE USED TO OFFSET THE COST OF AFATER-SCHOOL PROGRAMMING TO INCLUDE ONE-ON-OE HOMEWORK TUTORING, WEEKLY STEM ACTIVITIES AND LITERACY PROGRAMMING. SCHOLARSHIPS FOR COLLEGE TUITION 114 607500 X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED MANANGEMENT DUTIES TO PHOENIX IDA. MANAGEMENT DUTIES INCLUDE MANAGEMENT OVERSIGHT AND DECISION MAKING, SUPERVISING EXEMPT OPERATIONS AND PROGRAMS, PLANNING AND EXECUTING BUDGETS, AND FINANCIAL OPERATIONS. MANAGEMENT SERVICES PROVIDED BY PHOENIX IDA ARE PERFORMED UNDER THE DIRECTION AND SUPERVISION OF THE PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY TAX PREPARER. THE CEO AND STAFF OF THE FILING ORGANIZATION REVIEW THE RETURN FOR ACCURACY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CODE OF ETHICS AND CONFLICT OF INTEREST HANDBOOK IS GIVEN TO THE DIRECTOR WHEN HE/SHE IS ELECTED. PRIOR TO VOTING ON THE ORGANIZATIONS MATTERS, ALL DIRECTORS ARE REQUIRED TO DECLARE AND SIGN ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DELEGATED MANANGEMENT DUTIES TO PHOENIX IDA. MANAGEMENT DUTIES INCLUDE MANAGEMENT OVERSIGHT AND DECISION MAKING, SUPERVISING EXEMPT OPERATIONS AND PROGRAMS, PLANNING AND EXECUTING BUDGETS, AND FINANCIAL OPERATIONS. ALL AMOUNTS PAID AS COMPENSATION FOR MANAGEMENT SERVICES PROVIDED BY PHOENIX IDA ARE COVERED UNDER THE PROFESSIONAL MANAGEMENT AND ORGANIZATIONAL SERVICES AGREEMENT APPROVED BY THE ORGANIZATION'S BOARD AND SIGNED BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS -70,148. AMORTIZATION EXPENSE 153. UNREALIZED GAINS/LOSSES 375,113. 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