Philadelphia Association Of Community Development Corporations is located in Philadelphia, PA. The organization was established in 1993. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2022, Philadelphia Association Of Community Development Corporations employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Philadelphia Association Of Community Development Corporations 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, Philadelphia Association Of Community Development Corporations generated $656.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (35.6%) each year. All expenses for the organization totaled $1.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PACDC IS A MEMBERSHIP ASSOCIATION OF ORGANIZATIONS COMMITTED TO EQUITABLE NEIGHBORHOOD REVITALIZATION. WE FOCUS OUR EFFORTS IN TWO KEY AREAS: ADVOCACY FOR SYSTEMS REFORM AND INCREASED ACCESS TO RESOURCES; AND TECHNICAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
PACDC'S KEY ACCOMPLISHMENTS OF THE FISCAL YEAR INCLUDED: POLICY & ADVOCACY: HOUSING TRUST FUND: UNDERTOOK A COMMUNICATIONS CAMPAIGN TO EDUCATE THE PUBLIC ABOUT BALLOT QUESTION REQUIRING 0.5% OF THE CITY'S GENERAL FUND APPROPRIATIONS TO BE ALLOCATED TO THE PHILADELPHIA HOUSING TRUST FUND EVERY YEAR. THE BALLOT QUESTION WAS APPROVED BY 70% OF PHILDELPHIA VOTERS, LEADING TO AN ADDITIONAL $28+ MILLION MORE EVERY YEAR FOR AFFORDABLE HOMES STARTING IN JULY 2022. HOUSING COUNSELING: WORKED WITH HOUSING COUNSELING AGENCIES TO SUCCESSFULLY ADVOCATE FOR A $2 MILLION INCREASE IN FUNDING FOR HOUSING COUNSELORS TO HELP KEEP TENANTS/HOMEOWNERS IN THEIR HOMES AND ASSIST FIRST-TIME HOMEBUYERS. INCLUSIONARY HOUSING: ADVOCATED FOR NEW MIXED-INCOME NEIGHBORHOOD OVERLAY THAT REQUIRES LARGER MARKET RATE HOUSING DEVELOPMENTS TO INCLUDE ON-SITE AFFORDABLE HOUSING, REPLACING VOLUNTARY PROGRAM IN TARGETED AREAS IN TWO CITY COUNCIL DISTRICTS. STATE HOUSING FUNDING: SUPPORTED EFFORTS TO WIN NEW FUNDING FROM THE STATE FOR AFFORDABLE HOUSING, INCLUDING THE WHOLE HOME REPAIRS ACT THAT WILL PROVIDE $125 MILLION FOR REPAIRS FOR LOWER-INCOME HOMEOWNERS AND SMALL LANDLORDS THAT WILL IN FUNDING TO FILL GAPS IN PROPOSED AFFORDABLE RENTAL HOUSING DEVELOPMENTS. AFFORDABLE HOUSING TAX ABATEMENT: SUPPORTED STATE ENABLING LEGISLATION THAT WILL ALLOW THE CITY TO ENACT TAX ABATEMENTS FOR AFFORDABLE HOUSING. COMMUNITY HEALTH NEEDS ASSESSMENT: WORKED WITH COACH AND AREA HOSPITALS TO DEVELOP A NEW THREE YEAR REGIONAL COMMUNITY HEALTH NEEDS ASSESSMENT, INCLUDING COORDINATING FOCUS GROUPS HIGHLIGHTING THE NEEDS AND ISSUES IN LOW-INCOME COMMUNITIES OF COLOR AND OTHER MARGINALIZED COMMUNITIES. HEALTH IMPACT ASSESSMENT: PARTNERED WITH URBAN INSTITUTE AND PEW ON A HEALTH IMPACT ASSESSMENT TO IMPROVE PHILADELPHIA'S RENTAL REGULATORY AND HOUSING SUPPORT SYSTEMS TO IMPROVE THE QUALITY OF RENTAL HOUSING IN THE CITY.
MEMBER SERVICES: SMALL BUSINESS ASSISTANCE: LAUNCHED OUR SAVE YOUR BIZ PHILLY PROGRAM PILOT IN COLLABORATION WITH THE TEMPLE SMALL BUSINESS DEVELOPMENT CENTER, BLACK SQUIRREL, AND PARTNER CDC'S TO ASSIST BLACK AND BROWN SMALL BUSINESSES IMPACTED BY THE PANDEMIC AND OTHER CHALLENGES ON FOUR NEIGHBORHOOD COMMERCIAL CORRIDORS. CORRIDOR INITIATIVE: WORKED TO BUILD THE CAPACITY OF COMMERCIAL CORRIDOR MANAGERS/ORGANIZATIONS THROUGH TWO COHORTS OF OUR ON-BOARDING TRAINING AND COACHING PROGRAM FOR NEWER CORRIDOR MANAGERS TO FOSTER PEER LEARNING AND PROVIDING DATA COLLECTION AND MANAGEMENT SUPPORT ON FOUR CORRIDORS. WORKSHOPS: HOSTED TWO WORKSHOPS ON IMPLEMENTING MEANINGFUL AND IMPACTFUL RACE, EQUITY AND INCLUSION STRATEGIES INTO COMMUNITY DEVELOPMENT PRACTICES IN PARTNERSHIP WITH NEIGHBORWORKS AMERICA. IRON SHARPENS IRON PODCAST: RELEASED FIVE EPISODES OF OUR PODCAST SERIES ON GRASSROOTS ORGANIZING TIPS, INSIGHT AND PATHWAYS FOR CONNECTING WITH NEIGHBORHOOD RESIDENTS, SMALL BUSINESSES AND INSTITUTIONS THAT INTERSECT WITH THOSE NEIGHBORHOODS (ANCHOR.FM/PACDC). ANNUAL GALA & AWARDS: HONORED EXCELLENCE IN THE LOCAL COMMUNITY DEVELOPMENT FIELD AND CELEBATED OUR 30TH ANNIVERSARY WITH NEARLY 400 SUPPORTERS. PACDC MAGAZINE: RELEASED THE 30TH ANNIVERSARY EDITION OF PACDC MAGAZINE, LET US BE THE DREAM THEY MAKE SPEECHES ABOUT (HTTPS://PACDC-MAGAZINE-30TH- ANNIVERSARY-EDITION/).
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Rick Sauer Executive Director | Officer | 40 | $118,894 |
Maria Gonzalez President | OfficerTrustee | 2 | $0 |
Majeedah Rashid Vice President | OfficerTrustee | 1 | $0 |
Bryan Fenstermaker Treasurer | OfficerTrustee | 1 | $0 |
Jamila Harris-Morrison Secretary | OfficerTrustee | 1 | $0 |
John Chin Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $45,485 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $46,951 |
All other contributions, gifts, grants, and similar amounts not included above | $290,145 |
Noncash contributions included in lines 1a–1f | $2,100 |
Total Revenue from Contributions, Gifts, Grants & Similar | $382,581 |
Total Program Service Revenue | $175 |
Investment income | $172 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $273,210 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $656,138 |
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. | $118,863 |
Compensation of current officers, directors, key employees. | $17,829 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $432,810 |
Pension plan accruals and contributions | $16,148 |
Other employee benefits | $109,517 |
Payroll taxes | $40,380 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $11,631 |
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 | $8,830 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $63,198 |
Travel | $1,077 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $784 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $5,369 |
Insurance | $5,907 |
All other expenses | $139,490 |
Total functional expenses | $1,020,163 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $14,459 |
Savings and temporary cash investments | $773,723 |
Pledges and grants receivable | $364,872 |
Accounts receivable, net | $7,427 |
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 | $13,549 |
Net Land, buildings, and equipment | $11,529 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $6,291 |
Total assets | $1,191,850 |
Accounts payable and accrued expenses | $59,658 |
Grants payable | $0 |
Deferred revenue | $1,000 |
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 | $60,658 |
Net assets without donor restrictions | $340,410 |
Net assets with donor restrictions | $790,782 |
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 | $1,191,850 |