Pch Village Inc
- Assets
- $7.5m
- Revenue
- $2.4m
- Investments
- $6.7m
- Employees
- 0
- Location
- Princeton, NJ
- Founding
- 02/1980
- Data as of
- 12/2022
- EIN
- 22-2085939
Organization Overview
Pch Village Inc is located in Princeton, NJ. The organization was established in 1980. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pch Village Inc 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 12/2022, Pch Village Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 39.7% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE QUALITY RENTAL HOMES IN A WELCOMING, DIVERSE COMMUNITY FOR INDIVIDUALS AND FAMILIES WHOSE INCOMES RANGE FROM 30% OF THE COUNTY MEDIAN FOR A ONE BEDROOM HOUSEHOLD TO 128% OF THE COUNTY MEDIAN FOR A FOUR PERSON HOUSEHOLD AND WHICH COMPLY WITH GUIDELINES SET BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD).
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRINCETON COMMUNITY VILLAGE ASSOCIATES, LP OWNS ALL THE FACILITIES, WHICH WERE CONSTRUCTED IN 1975 UNDER ONE OF HUD'S ORIGINAL INTEREST RATE SUBSIDY PROGRAMS THAT ENABLED COMMUNITIES TO PROVIDE AFFORDABLE HOMES FOR MODERATE INCOME FAMILIES AND INDIVIDUALS OTHERWISE UNABLE TOBENEFIT FROM LOCAL EDUCATION AND EMPLOYMENT OPPORTUNITIES THE VILLAGE IS LOCATED ON A WOODED SITE, WITH OPEN SPACE ACCESS, BIKE PATHS, AND A MUNICIPAL PLAYGROUND RIGHT AT HAND PCH DEVELOPMENT CORPORATION, A 501(C)3 ENTITY, MANAGES THE BUILDINGS AND OPERATIONS OUR STAFF INCLUDES A BILINGUAL SOCIAL SERVICES COORDINATOR TO ASSIST RESIDENTS WITH APPLICATIONS FOR RELEVANT PROGRAMS AND CONNECT THEM WITH COMMUNITY RESOURCES, SUCH AS PRINCETON YOUNG ACHIEVERS (PYA) PYA PROVIDES AFTER-SCHOOL EDUCATIONAL PROGRAMS AT OUR ON-SITE LEARNING CENTER FREE BUS SERVICE TO PRINCETON'S SHOPPING AREAS, LIBRARY, AND SENIOR RESOURCE CENTER OPERATES SIX DAYS A WEEK, AND THE VILLAGE IS LOCATED ON THE NJ TRANSIT BUS ROUTE THAT SERVES THE ENTIRE REGION WE STRIVE TO BUILD A STRONG COMMUNITY AMONG OUR RESIDENTS, WHO HAIL FROM 32 COUNTRIES VILLAGE-WIDE EVENTS, SUCH AS QUARTERLY RESIDENT MEETINGS AND ANNUAL HOLIDAY CELEBRATIONS ARE HELD IN THE TED VIAL CLUBHOUSE BUILDING, NAMED FOR ONE OF THE FOUNDERS OF PRINCETON COMMUNITY VILLAGE THE CLUBHOUSE ALSO PROVIDES SPACE FOR PRIVATE SOCIAL GATHERINGS AND SEMINARS ON TOPICS OF INTEREST TO RESIDENTS, SUCH AS PUBLIC SAFETY, PERSONAL FINANCE, HEALTH AND WELLNESS, AND LEGAL ASSISTANCE. PRINCETON COMMUNITY VILLAGE HAD A CONTRACT FOR 24 RENT SUPPLEMENT SUBSIDY FAMILY-BASED VOUCHERS WHICH EXPIRED IN JANUARY 2015 THE 24 VOUCHERS WERE CONVERTED TO PROJECT-BASED VOUCHERS UNDER HUD'S RENTAL ASSISTANCE DEMONSTRATION OR RAD PROGRAM AND WILL CONTINUE TO BE PROJECT BASED THROUGH 2030 THE 24 NOW ARE ADMINISTERED THROUGH A LOCAL HOUSING AUTHORITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alice K Small Board Member | Trustee | 1 | $0 |
Anne Stewart Board Member | Trustee | 1 | $0 |
C Vanleer Davis Board Member | Trustee | 1 | $0 |
Caroline Travers Board Member | Trustee | 1 | $0 |
Chad Bridges Vice President | OfficerTrustee | 1 | $0 |
Elizabeth Bidwell Bates Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,382,192 |
| Investment income | $1,069 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,383,261 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $0 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $800,714 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $6,715,485 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,516,199 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $7,516,199 |
| Net assets with donor restrictions | $0 |
| 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 | $7,516,199 |