NonprofitsPhoenix Community Development And Investment Corporation

Community Improvement & Capacity Building

Phoenix Community Development And Investment Corporation

PHOENIX, AZ

Total revenue

$2.9M

Total expenses

$2.6M

Net assets

$39.6M

Grants received

$158K

1 grants

EIN

352175243

Tax year

2024

Mission

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.

Programs

2 programs

Non-new markets small business loans to businesses that would not qualify for traditional lending, designed to assist in those communities that we serve.

Expenses: $76K

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.

Expenses: $1.2MGrants: $1.2M

Financials

FY 2024

Revenue

Contributions & grants$187K
Program service revenue$1.5M
Investment income$1.3M
Other revenue
Total revenue$2.9M

Expenses

Grants paid$1.2M
Salaries & benefits
Fundraising
Other expenses$1.4M
Total expenses$2.6M
Total assets$39.9M
Net assets$39.6M

People

9 listed

NameRoleCompensation

JOHN CHAN

CHAIR

Board

1 hrs/wk

TITUS MATTHEW

VICE CHAIR

Board

1 hrs/wk

KATHLEEN GITKIN

TREASURER

Board

1 hrs/wk

LLOYD HOPKINS

BOARD MEMBER

Board

1 hrs/wk

JULIA KARL

BOARD MEMBER

Board

1 hrs/wk

JOSEPH LOSADA

BOARD MEMBER

Board

1 hrs/wk

MARIO VENTURA

BOARD MEMBER

Board

1 hrs/wk

GINGER SPENCER

CHAIR EMERITUS

Board

1 hrs/wk

JUAN SALGADO

CHIEF EXECUTIVE OFFICER

Board

10 hrs/wk

Independent contractors

PHOENIX IDA

MANAGEMENT SERVICES

$924K

Grants received

Showing 1 of 1

FromAmountPurposeYear
$158K
GENERAL SUPPORT
2023

Funded by

$158K from 1 funder · 1 grant · 2023

Arizona Community Foundation

$158K · 1 grant · 2023

Details

EIN352175243
NTEE codeS31
Subsection03
Ruling date2006-01
Formed2002
Employees0
Volunteers0
PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION — Mission, Financials & Grants Received | Grantivo