Program areas at Phoenix Community Development and Investment Corporation
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.
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.
Non-new markets small business loans to businesses that would not qualify for traditional lending, designed to assist in those communities that we serve.
Grants made by Phoenix Community Development and Investment Corporation
| Grantee | Grant description | Grant year | Amount |
|---|
| Alhambra Foundation for the Future | Forgiveable Loan for the NFL Field at Sevilla Elementary School | 2023-12 | $83,333 |
| Live Love | Forgiveable Loan for Development and Construction of A 5,000 Square Foot Community Learning Center. | 2023-12 | $83,333 |
Personnel at Phoenix Community Development and Investment Corporation
| Name | Title | Compensation | Date of data |
|---|
| Juan Salgado | Chief Executive Officer | $0 | 2024-07-31 |
Financials for Phoenix Community Development and Investment Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $653,162 | $946,495 | -31% |
| Program services | $1,819,214 | $889,591 | 104.5% |
| Investment income and dividends | $1,300,324 | $332,887 | 290.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $3,772,700 | $2,168,973 | 73.9% |
Organizations like Phoenix Community Development and Investment Corporation
| Organization | Type | Location | Revenue |
|---|
| Institute Capital | 501(c)(3) | Durham, NC | $6,193,834 |
| Buffalo and Erie County Industrial Land Development Corporation | 501(c)(3) | Buffalo, NY | $6,783,218 |
| Community Development Finance Alliance (CDFA) | 501(c)(3) | Salt Lake City, UT | $1,880,804 |
| Cook Inlet Lending Center | 501(c)(3) | Anchorage, AK | $3,493,060 |
| Community Redevelopment Loan and Investment Fund | 501(c)(3) | Atlanta, GA | $2,631,431 |
| Initiative Foundation | 501(c)(3) | Little Falls, MN | $10,031,903 |
| Economic Opportunities Fund | 501(c)(3) | Philadelphia, PA | $1,077,528 |
| St Elizabeth's Community Development Foundation | 501(c)(3) | Wabasha, MN | $1,459,678 |
| Laurens Education Assistance for District No 55 | 501(c)(3) | Laurens, SC | $3,119,788 |
| Taala Fund | 501(c)(3) | Taholah, WA | $1,150,496 |
Data update history
September 22, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 21, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 21, 2024
Updated personnel
Identified 3 new personnel
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Business and community development organizationsCharities
Issues
EducationCommunity improvementEconomic development
Characteristics
Provides grantsState / local levelProvides scholarshipsTax deductible donationsNo full-time employeesAccepts online donations
General information
- Address
- 2201 E Camelback Rd Ste 403
- Phoenix, AZ 85016
- Metro area
- Phoenix-Mesa-Chandler, AZ
- County
- Maricopa County, AZ
- Website URL
- pcdic.org/Â
- Phone
- (602) 262-6242
IRS details
- EIN
- 35-2175243
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2002
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S20: Community, Neighborhood Development, Improvement
- NAICS code, primary
- 522120: Savings Institutions
- Parent/child status
- Independent
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