2025-11-14T09:32:49-06:00 2024-12-31 943108253 NOVOGRADAC & COMPANY LLP 3780 KILROY AIRPORT WAY SUITE 330 LONG BEACH CA 90806 990 2024-01-01 352175243 PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION PHOE 6022626242 2201 E CAMELBACK RD STE 405B PHOENIX AZ 85016 JUAN SALGADO CHIEF EXECUTIVE OFFICER 6022626242 2025-11-14 1 0 WILLIAM A LETSINGER P00478303 5624329482 2024 2025-03-06 01:10:19Z X JUAN SALGADO 251 W WASHINGTON STREET 9TH FLOOR PHOENIX AZ 85003 2921536 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 653162 186809 1819214 1460138 1300324 1274589 0 0 3772700 2921536 720263 1155554 0 0 0 0 0 0 0 1262371 1402268 1982634 2557822 1790066 363714 39320171 39881295 163283 264240 39156888 39617055 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 355740 1460138 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. 76230 NON-NEW MARKETS SMALL BUSINESS LOANS TO BUSINESSES THAT WOULD NOT QUALIFY FOR TRADITIONAL LENDING, DESIGNED TO ASSIST IN THOSE COMMUNITIES THAT WE SERVE. 1231784 1155554 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. 1663754 1 1 0 0 0 0 0 0 0 0 0 1 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 0 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 2201 E CAMELBACK RD STE 405B PHOENIX AZ 85016 X JOHN CHAN CHAIR 1.00 X X 0 0 0 TITUS MATTHEW VICE CHAIR 1.00 X X 0 0 0 KATHLEEN GITKIN TREASURER 1.00 X X 0 0 0 LLOYD HOPKINS BOARD MEMBER 1.00 X 0 0 0 JULIA KARL BOARD MEMBER 1.00 X 0 0 0 JOSEPH LOSADA BOARD MEMBER 1.00 X 0 0 0 MARIO VENTURA BOARD MEMBER 1.00 X 0 0 0 GINGER SPENCER CHAIR EMERITUS 1.00 X 0 0 0 JUAN SALGADO CHIEF EXECUTIVE OFFICER 10.00 X 0 0 0 0 0 0 0 0 0 0 PHOENIX IDA 2201 E CAMELBACK RD 405B PHOENIX AZ 85016 MANAGEMENT SERVICES 924000 1 186809 186809 ASSET MANAGEMENT FEE 523940 788639 788639 SPONSOR FEE 523940 560000 560000 OTHER FEE INCOME 523940 111499 111499 1460138 1274589 1274589 2921536 1460138 0 1274589 1155554 1155554 924000 508200 415800 32148 32148 278612 278612 83222 83222 51 51 48662 48662 LOAN FEES 35573 35573 2557822 1663754 894068 0 24493701 25408705 4813026 4455596 10013444 10016244 0 750 39320171 39881295 98283 106740 65000 157500 163283 264240 X 38029253 38457611 1127635 1159444 39156888 39617055 39320171 39881295 X 363714 96453 X 0 1 X 1 0 X 180000 410000 946495 653162 186809 2376466 105933 47428 9609 18373 13707 195050 285933 457428 956104 671535 200516 2571516 2571516 457543 158093 254280 1235412 1191971 3297299 5868815 0.43820 0.50740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 10016244 C 10016244 3031645 13707 96402 110109 2921536 0 2921536 2571478 13707 13707 2557771 51 51 2557822 PART XI, LINE 2D - OTHER ADJUSTMENTS: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS 47. UNREALIZED GAINS/LOSSES 96,355. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION EXPENSE 51. 0 MOBILE HOME RELIEF 1809 W BUCKEYE ROAD PHOENIX AZ 85007 501(C)(3) 110196 0 N/A N/A FUNDING USED TO PROVIDE HUMAN SERVICES NAVIGATION AND CASE MANAGEMENT FOR RESIDENTS OF PHOENIX MOBILE HOME PARKSFACING EVICTION DUE TO THE SALE AND CHANGE OF USE OF THOSE PROPERTIES. A TOTAL OF 134 HOUSEHOLDS COMPRISED OF 393 RESIDENTS FROM THREE MOBILE HOME PARKS HAVE BEEN TRANSITIONED TO PERMANENT HOUSING. FUNDING ALSO PROVIDES ONGOING SUPPORT FOR THESE FAMILIES TO ENSURE THAT THEY ARE STABILIZED IN THEIR NEW HOUSING ENVIRONMENTS. US VETS 12027 N 28TH DRIVE PHOENIX AZ 85029 501(C)(3) 856740 0 N/A N/A SUPPORT OF U.S. VETS' TRANSITIONAL HOUSING PROGRAM AND THE TEMPORARY RELOCATION EFFORTS SCHOLARSHIPS FOR COLLEGE TUITION 33 155000 BOOST SUPPORT 24 33617 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 47. AMORTIZATION EXPENSE 51. UNREALIZED GAINS/LOSSES 96,355. 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