Pch Development Corporation

Organization Overview

Pch Development Corporation is located in Princeton, NJ. The organization was established in 1989. 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 12/2021, Pch Development Corporation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pch 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 12/2021, Pch Development Corporation generated $916.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $663.8k during the year ending 12/2021. While expenses have increased by 6.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION'S MISSION IS TO FIND OPPORTUNITIES TO CREATE AND MANAGE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND TO PROVIDE MANAGEMENT SEVICES FOR LOW AND MODERATE INCOME HOUSING PROJECTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION PROVIDES MANAGEMENT SERVICES TO LOW AND MODERATE INCOME HOUSING PROJECTS AND SEEKS TO CREATE AFFORDABLE HOUSING IN NEW JERSEY.


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Board, Officers & Key Employees

Name (title)Compensation
Edward Truscelli
Executive Director
$157,722
Janet Mcclafferty
Finance Director
$129,943
Alice K Small
President
$0
Robert Fernholz
Secretary
$0
Valerie Haynes
Vice President
$0
Tony Capozzoli
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$368,781
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$368,781
Total Program Service Revenue$547,548
Investment income $193
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 $916,522

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Pch Development Corporation has recieved totaling $360,500.

Awarding OrganizationAmount
Princeton Community Housing Inc

Princeton, NJ

PURPOSE: AFFORDABLE HOUSING -PREDEVELOPMENT & COVID-19 RELATED EXPENSES

$360,500
View Grant Recipient Profile

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