Primary Care Development Corporation is located in New York, NY. The organization was established in 1993. According to its NTEE Classification (E80) the organization is classified as: Health (General & Financing), under the broad grouping of Health Care and related organizations. As of 06/2022, Primary Care Development Corporation employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Primary Care Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Primary Care Development Corporation generated $17.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $12.8m during the year ending 06/2022. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Primary Care Development Corporation has awarded 31 individual grants totaling $700,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PCDC BUILDS, EXPANDS, AND STRENGTHENS EQUITABLE ACCESS TO QUALITY PRIMARY CARE. (SEE SCH O)FOUNDED IN 1993, PRIMARY CARE DEVELOPMENT CORPORATION ("PCDC") BUILDS, EXPANDS, AND STRENGTHENSEQUITABLE ACCESS TO QUALITY PRIMARY CARE THROUGH CAPITAL INVESTMENT,PRACTICE TRANSFORMATION, AND POLICY AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL INVESTMENT: PCDC OFFERS AFFORDABLE AND FLEXIBLE FINANCIAL PRODUCTS TO SUPPORT PRIMARY CARE PRACTICES' CAPITAL PROJECTS AND BUSINESS EXPANSION IN UNDERSERVED COMMUNITIES ACROSS THE COUNTRY. THESE INCLUDE TRADITIONAL FINANCING, NEW MARKETS TAX CREDITS (NMTC) FINANCING, A COMMUNITY HEALTH CARE REVOLVING CAPITAL FUND FOR NEW YORK STATE, AND OTHER TARGETED LOAN AND FINANCING OPTIONS FOR PRIMARY CARE PROVIDERS. SINCE ITS INCEPTION, PCDC HAS EXPERIENCED NO LOAN LOSSES IN ITS PORTFOLIO.TO DATE, PCDC HAS FINANCED MORE THAN $1.42 BILLION OF PRIMARY CARE PROJECTS THROUGH DIRECT INVESTMENT AND LEVERAGE, TRANSFORMING MORE THAN 2.6 MILLION SQUARE FEET OF SPACE. THIS HAS CREATED MORE THAN 6,700 CONSTRUCTION JOBS AND CREATED OR PRESERVED MORE THAN 12,500 PERMANENT JOBS IN LOW-INCOME COMMUNITIES. ON AN ANNUAL BASIS, THIS HAS RESULTED IN CREATING CAPACITY FOR MORE THAN 4.6 MILLION ESTIMATED MEDICAL VISITS FOR OVER 1.3 MILLION ESTIMATED PATIENTS ACROSS THE U.S.
CLINICAL & QUALITY PARTNERS: PCDC STRENGTHENS SERVICE DELIVERY AND FACILITATES PRACTICE TRANSFORMATION THROUGH TECHNICAL ASSISTANCE THAT MEETS THE UNIQUE NEEDS OF EACH CLIENT. PCDC HELPS PROVIDERS TO UNDERSTAND THEIR CHALLENGES; DEVELOP AND IMPLEMENT STRATEGIES FOR CHANGE; DEFINE CLEAR AND MEASURABLE OUTCOMES; AND SUSTAIN LONG-TERM IMPROVEMENTS. TO DATE, PCDC HAS WORKED WITH MORE THAN 3,000 PRIMARY CARE ORGANIZATIONS (INCLUDING PROVIDING TECHNICAL ASSISTANCE TO OVER 5,000 PRACTICES NATIONWIDE) AND TRAINED MORE THAN 17,000 PROVIDERS AND STAFF. PCDC'S SERVICES INCLUDE BUSINESS AND STRATEGIC PLANNING, OPERATIONAL ANALYSIS, PROJECT MANAGEMENT, PRACTICE COACHING AND FACILITATION, AND STAFF TRAINING IN THE FOLLOWING AREAS (NON-EXHAUSTIVE): - PRACTICE TRANSFORMATION AND MEDICAL HOME RECOGNITIONS TO IMPLEMENT AND SUSTAIN PATIENT-CENTERED MEDICAL HOME RECOGNITION AND OTHER TRANSFORMATION INITIATIVES. - EFFICIENCY AND PATIENT ACCESS TO EXPAND ACCESS AND MAXIMIZE ENCOUNTER VOLUME THROUGH IMPROVED WORKFLOWS, APPOINTMENT AVAILABILITY, AND OTHER INITIATIVES. - PRIMARY & BEHAVIORAL HEALTH CARE INTEGRATION TO IMPLEMENT WHOLE-PERSON APPROACHES TO CARE AND INTEGRATE BEHAVIORAL HEALTH AND PRIMARY CARE. - HIV PREVENTION AND TREATMENT TO SUPPORT HEALTH CARE ORGANIZATIONS TO INTEGRATE HIV PREVENTION AND TREATMENT BEST PRACTICES INTO THEIR CLINICAL SETTINGS. - CARE MANAGEMENT AND COORDINATION TO BUILD AND DEPLOY CARE TEAMS FOR EFFECTIVE CARE MANAGEMENT, POPULATION MANAGEMENT, AND REFERRAL TRACKING. - OPERATIONS IMPROVEMENT AND FINANCIAL SUSTAINABILITY TO DEVELOP AND EXECUTE EFFECTIVE BUSINESS AND STAFFING PLANS AS WELL AS ENHANCE BILLING AND CODING PRACTICES. - TELEMEDICINE TRAINING & ASSISTANCE TO IMPLEMENT AND IMPROVE VIRTUAL CARE DURING AND BEYOND THE COVID-19 PANDEMIC.
STRATEGY & PUBLIC AFFAIRS: PCDC AIMS TO DEVELOP, SHAPE, AND CONTRIBUTE TO A NARRATIVE THAT EDUCATES AND CHANGES NORMS IN SUPPORT OF HIGH-QUALITY PRIMARY CARE FOR ALL INDIVIDUALS AND FAMILIES. WORKING WITH POLICYMAKERS, TRADE ASSOCIATIONS, HEALTH CARE ORGANIZATIONS, MEDIA OUTLETS, AND INDUSTRY LEADERS, PCDC ADVOCATES FOR POLICIES THAT WILL IMPROVE OUTCOMES AND REDUCE COSTS AND DISPARITIES THROUGH STRONGER AND MORE EQUITABLE PRIMARY CARE. PCDC ALSO REGULARLY PROVIDES THOUGHT LEADERSHIP AND EXPERTISE THROUGH MEETINGS WITH POLICYMAKERS, PUBLIC TESTIMONY, AND COMMENTARY ON KEY POLICY ISSUES.PCDC SUPPORTS THIS WORK WITH RIGOROUS RESEARCH TO BUILD THE EVIDENCE BASE ON DISPARITIES IN ACCESS TO AND AVAILABILITY OF PRIMARY CARE, INCLUDING REGULARLY PUBLISHED REPORTS WHICH ARE FREQUENTLY CITED IN LEADING LOCAL AND NATIONAL MEDIA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Louise Cohen CEO | Officer | 40 | $378,574 |
Isaac Kastenbaum VP Cqp | Officer | 40 | $231,166 |
William O'brien Chief Lending Officer | Officer | 40 | $209,335 |
Cynthia Summers Managing Dir Spa (incoming 2/21) | Officer | 40 | $203,226 |
Gita Rao Chief Credit Officer | Officer | 40 | $198,862 |
Andrew Phillip S Dir Clin & P Hlth (outgoing 12/21) | 40 | $178,226 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Koya Leadership Partners Llc Recruitment | 6/29/22 | $178,000 |
Mccarter & English Llp Legal Services | 6/29/22 | $205,697 |
Haden Group Llc It Services | 6/29/22 | $118,721 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $160,946 |
Related organizations | $0 |
Government grants | $4,501,418 |
All other contributions, gifts, grants, and similar amounts not included above | $1,825,033 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $6,487,397 |
Total Program Service Revenue | $10,426,466 |
Investment income | $295,416 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$21,848 |
Net Income from Fundraising Events | -$20,070 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $17,167,926 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $1,996,806 |
Compensation of current officers, directors, key employees. | $663,925 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $4,987,068 |
Pension plan accruals and contributions | $213,200 |
Other employee benefits | $569,505 |
Payroll taxes | $542,642 |
Fees for services: Management | $0 |
Fees for services: Legal | $818,925 |
Fees for services: Accounting | $76,666 |
Fees for services: Lobbying | $64,750 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $797,127 |
Advertising and promotion | $0 |
Office expenses | $162,379 |
Information technology | $272,382 |
Royalties | $0 |
Occupancy | $548,647 |
Travel | $135,278 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $50,615 |
Interest | $1,259,771 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $74,426 |
Insurance | $82,366 |
All other expenses | -$176,784 |
Total functional expenses | $12,753,321 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $65,548,829 |
Pledges and grants receivable | $1,219,385 |
Accounts receivable, net | $967,623 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $52,768,908 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $103,130 |
Net Land, buildings, and equipment | $185,807 |
Investments—publicly traded securities | $6,967,366 |
Investments—other securities | $0 |
Investments—program-related | $26,844 |
Intangible assets | $0 |
Other assets | $4,180,371 |
Total assets | $131,968,263 |
Accounts payable and accrued expenses | $1,669,572 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $1,596,941 |
Unsecured mortgages and notes payable | $46,213,640 |
Other liabilities | $23,779,222 |
Total liabilities | $73,259,375 |
Net assets without donor restrictions | $35,089,185 |
Net assets with donor restrictions | $23,619,703 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $131,968,263 |
Over the last fiscal year, Primary Care Development Corporation has awarded $580,000 in support to 26 organizations.
Grant Recipient | Amount |
---|---|
Arverne, NY PURPOSE: CORONAVIRUS EMERGENCY SUPPORT GRANT | $30,000 |
New York, NY PURPOSE: CORONAVIRUS EMERGENCY SUPPORT GRANT | $30,000 |
Staten Island, NY PURPOSE: CORONAVIRUS EMERGENCY SUPPORT GRANT | $30,000 |
Brooklyn, NY PURPOSE: CORONAVIRUS EMERGENCY SUPPORT GRANT | $30,000 |
Jamaica, NY PURPOSE: CORONAVIRUS EMERGENCY SUPPORT GRANT | $30,000 |
New York, NY PURPOSE: CORONAVIRUS EMERGENCY SUPPORT GRANT | $30,000 |
Over the last fiscal year, we have identified 12 grants that Primary Care Development Corporation has recieved totaling $1,240,000.
Awarding Organization | Amount |
---|---|
Mother Cabrini Health Foundation New York, NY PURPOSE: INTEGRATED BEHAVIORAL HEALTH CARE FOR PRIORITY POPULATIONS LEARNING COLLABORATIVE | $500,000 |
Ira Decamp Foundation Under The Will Of Elizabeth Decamp Mcinerny Chicago, IL PURPOSE: GENERAL | $150,000 |
Mother Cabrini Health Foundation New York, NY PURPOSE: INTEGRATED BEHAVIORAL HEALTH CARE FOR THE HOMELESS LEARNING COLLABORATIVE | $150,000 |
Opportunity Finance Network Philadelphia, PA PURPOSE: OFNS SMALL BUSINESS GRANT PROGRAM FUNDED BY GOOGLE.ORG | $125,000 |
New York State Health Foundation New York, NY PURPOSE: GROWING NEW YORK'S PRIMARY CARE INVESTMENT | $100,000 |
New York State Health Foundation New York, NY PURPOSE: GROWING NEW YORK'S PRIMARY CARE INVESTMENT | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
Northwest Behavioral Health Partnership Inc New Castle, PA | $31,030,978 | $48,843,347 |
Carepartners Of Connecticut Inc Canton, MA | $21,597,096 | $24,446,230 |
Inspira Health Network Life Inc Vineland, NJ | $17,203,909 | $29,584,528 |
New York State United Teachers Member Benefits Catastrophe Major Latham, NY | $163,944,061 | $48,601,749 |
Retiree Health And Welfare Fund Of The Police Benevolent Association New York, NY | $171,668,298 | $54,323,145 |
Local 298 Health Benefit Fund I Valley Stream, NY | $21,565,304 | $24,797,848 |
Delta Dental Plan Of West Virginia Inc Mechanicsburg, PA | $18,350,283 | $22,759,004 |
Detectives Endowment Association Retirees Health Benefits Fund New York, NY | $3,766,379 | $20,182,671 |
F A Bartlett Tree Expert Co Veba Health Benefits Plan Stamford, CT | $425,363 | $16,893,698 |
Guardians Of The Sick Inc Brooklyn, NY | $5,970,531 | $15,096,609 |
Primary Care Development Corporation New York, NY | $131,968,263 | $17,167,926 |
Phila Hospital And Health Care District Philadelphia, PA | $10,467,230 | $11,116,555 |