Overview
What is Phoenix Community Development And Investment Corporation?
Phoenix Community Development and Investment Corporation is a nonprofit organization located at 2201 E Camelback Rd STE 400, Phoenix, Arizona 85016. Their primary mission is to combat poverty and community deterioration by serving or providing investment capital for qualified low-income communities. They do this in accordance with Internal Revenue Code Section 45D and the relevant Treasury regulations, through community development entities. Their New Markets Tax Credit Loan Program is designed to attract and provide funds for projects that improve the quality of life in underserved areas of the community.
Official website here: www.pcdic.org
Is Phoenix Community Development And Investment Corporation legitimate?
Phoenix Community Development And Investment Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Phoenix Community Development And Investment Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pcdic.org
What is the mission statement of Phoenix Community Development And Investment Corporation?
The Phoenix Community Development and Investment Corporation aims to alleviate poverty and combat community deterioration. They accomplish this by providing investment capital to qualified low-income communities through community development entities, as per Internal Revenue Code Section 45D and the related Treasury regulations. Their primary objective is to enhance the quality of life for individuals living and working in underserved areas of the community, often through their New Markets Tax Credit Loan Program. By attracting and supplying funds for projects in these areas, they contribute to the overall improvement and revitalization of these communities.
Official website here: www.pcdic.org
Who is the CEO of Phoenix Community Development And Investment Corporation?
Juan Salgado is the Chair of Phoenix Community Development And Investment Corporation. The CEO's salary of Phoenix Community Development And Investment Corporation is $0 and their total compensation is $0.
Official website here: www.pcdic.org
What is the revenue of Phoenix Community Development And Investment Corporation?
Phoenix Community Development And Investment Corporation's revenue in 2022 was $2,168,973.
Official website here: www.pcdic.org
Who are the executives of Phoenix Community Development And Investment Corporation and what are their salaries?
- Susan Barnes (Chair) [Trustee/Director]
- John Chan (Vice Chair) [Trustee/Director]
- Kathleen Gitkin (Treasurer) [Trustee/Director]
- Carmen Heredia (Board Member) [Trustee/Director]
- Julia Karl (Board Member) [Trustee/Director]
- Titus Matthew (Board Member) [Trustee/Director]
- Mario Ventura (Board Member) [Trustee/Director]
- Juan Salgado (Chief Executive Officer)
Official website here: www.pcdic.org
Where can I find the form 990 for Phoenix Community Development And Investment Corporation?
The Phoenix Community Development And Investment Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pcdic.org
Learn more at the official website: www.pcdic.org
Mission Statement of Phoenix Community Development And Investment Corporation
Phoenix Community Development and Investment Corporation is dedicated to alleviating poverty and combating community deterioration. They achieve this mission by 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. By doing so, they aim to improve the quality of life for individuals living and working in underserved areas of the community.
One of the ways Phoenix Community Development and Investment Corporation carries out this mission is through their New Markets Tax Credit Loan Program. This program attracts and provides funds for projects that can significantly enhance the living conditions and opportunities in these underprivileged areas. By investing in these projects, the corporation contributes to the revitalization and upliftment of these communities, ultimately improving the lives of the people residing there.
Impact
This information is meant to be a general summary of Phoenix Community Development And Investment Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Phoenix Community Development And Investment Corporation has a significant impact on low-income communities in Phoenix, AZ. Through its New Markets Tax Credit Loan Program, the organization attracts and provides funds for projects that directly improve the quality of life for individuals living and working in underserved areas of the community. By serving as a catalyst for community development and investing in projects that combat poverty and address community deterioration, Phoenix Community Development And Investment Corporation contributes to the overall improvement of the local community.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SPONSOR FEE
Revenue
$550,000
ASSET MANAGEMENT FEE
Revenue
$292,297
OTHER FEE INCOME
Revenue
$44,794
LOAN FEES
Revenue
$2,500
Organization Details
Founding Year
2002
Phone
(602) 262-6242
Principal Officer
Juan Salgado
Main Address
2201 E CAMELBACK RD STE 403, PHOENIX, AZ, 85016
Website
www.pcdic.org
NTEE Category
Code: S31 - Community improvement
If you are a representative of Phoenix Community Development And Investment Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.