Overview
What is Primary Care Development Corporation?
The Primary Care Development Corporation (PCDC) is a New York-based nonprofit organization with a mission to enhance equitable access to quality primary care. Founded in 1993, PCDC achieves this by providing affordable and flexible financial products to support primary care projects and business expansions in underserved communities nationwide. Their offerings include traditional financing, New Markets Tax Credits (NMTC) financing, a Community Health Care Revolving Capital Fund, and targeted loan and financing options. With a proven track record, PCDC has experienced no loan losses and has financed over $1.42 billion of primary care projects, creating more than 6,700 construction jobs and over 12,500 permanent jobs in low-income communities. Annually, these efforts result in the creation of capacity for over 4.6 million estimated medical visits for over 1.3 million estimated patients across the US. PCDC holds certifications as a Community Development Financial Institution (CDFI) and has received top ratings for impact performance and financial strength.
Official website here: www.pcdc.org
Is Primary Care Development Corporation legitimate?
Primary Care Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Primary Care Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $1,996,806
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,987,068
For more financial information, click here
What is the mission statement of Primary Care Development Corporation?
The Primary Care Development Corporation (PCDC) is dedicated to expanding and strengthening equitable access to quality primary care. Established in 1993, PCDC achieves this goal through capital investment, practice transformation, and policy and advocacy efforts. As a certified Community Development Financial Institution (CDFI), PCDC has garnered a four-star Impact Performance Rating from Policy Plus and an AA+ Financial Strength Rating from the CDFI Rating Agency Aeris. Additionally, PCDC has obtained tax-exempt status under section 501(c)(3) of the Internal Revenue Code and is recognized as a "Publicly Supported Organization of the Type Described in Section 509(a)(1)" by the Internal Revenue Service.
Official website here: www.pcdc.org
Who is the CEO of Primary Care Development Corporation?
Louise Cohen is the Vice Chair of Primary Care Development Corporation. The CEO's salary of Primary Care Development Corporation is $378,574 and their total compensation is $399,792.
Official website here: www.pcdc.org
What is the revenue of Primary Care Development Corporation?
Primary Care Development Corporation's revenue in 2022 was $17,167,926.
Official website here: www.pcdc.org
Who are the executives of Primary Care Development Corporation and what are their salaries?
The average compensation at Primary Care Development Corporation during 2022 was $112,643. There are 62 employees and 19 volunteers at Primary Care Development Corporation.
Here are 34 key members and their salaries (Primary Care Development Corporation's CEO's salary is $378,574 and their total compensation is $399,792):
- Louise Cohen (Ceo)
- William O'Brien (Chief Lending Officer)
- Isaac Kastenbaum (Vp Cqp)
- Gita Rao (Chief Credit Officer)
- Shuk Han Leung (Sr. Dir Of Finance)
- Cynthia Summers (Managing Dir Spa (Incoming 2/21))
- Nancy Lager (Sr Dir, Capital Investment)
- Andrew Phillip (S Dir Clin & P Hlth (Outgoing 12/21))
- Amy Barnett (Dir Of Administration)
- Deborah Johnson (Sr Dir Cqp)
- Daniel Lehman (Exe Vp/Cfo (Incoming 5/21))
- Michael Rosen (Cfo (Outgoing 5/21))
- Anne Dyjak (Mng Dir, Cap Inv (Outgoing 7/21))
- Carol Raphael (Vice Chair) [Trustee/Director]
- Carolyn Tain (Board Member) [Trustee/Director]
- Christopher Koller (Board Member) [Trustee/Director]
- David A Gould (Chair) [Trustee/Director]
- David A Manko (Board Member) [Trustee/Director]
- Diana Mason (Board Member) [Trustee/Director]
- Dudley Benoit (Board Member) [Trustee/Director]
- Gary M Jacobs (Board Member) [Trustee/Director]
- Helen Arteaga Landaverde (Board Member) [Trustee/Director]
- Henry Chung (Board Member) [Trustee/Director]
- John Rugge (Secretary) [Trustee/Director]
- Jorge R Petit (Board Member) [Trustee/Director]
- Lori Scott (Board Member) [Trustee/Director]
- Mark Levine (Board Member (Outgoing 12/21)) [Trustee/Director]
- Matt Siegler Ex Officio (Board Member) [Trustee/Director]
- Pablo Bravo (Board Member) [Trustee/Director]
- Sarah Gelfand (Board Member (Outgoing 6/22)) [Trustee/Director]
- Scott Morgan (Treasurer) [Trustee/Director]
- Suzette E Gordon (Board Member) [Trustee/Director]
- Udai Tambar (Board Member) [Trustee/Director]
- Yvette P Teofan (Board Member) [Trustee/Director]
Official website here: www.pcdc.org
Where can I find the form 990 for Primary Care Development Corporation?
The Primary Care Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pcdc.org
Learn more at the official website: www.pcdc.org
Mission Statement of Primary Care Development Corporation
Primary Care Development Corporation (PCDC) is a mission-driven organization dedicated to building, expanding, and strengthening equitable access to quality primary care. Established in 1993, this certified Community Development Financial Institution (CDFI) has earned a four-star Impact Performance Rating with Policy Plus and an AA+ Financial Strength Rating from the CDFI Rating Agency Aeris. PCDC's work in capital investment, practice transformation, and policy and advocacy has been recognized with tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and a "publicly supported organization" designation by the Internal Revenue Service. PCDC's commitment to improving primary care access is rooted in its certification as a CDFI, which enables it to provide capital and financing solutions to underinvested communities and healthcare providers. Through its practice transformation initiatives, PCDC collaborates with primary care practices to improve the quality of care, reduce disparities, and enhance patient outcomes. By engaging in policy and advocacy, PCDC also promotes systemic change to advance health equity and affordable care for all.
Impact
This information is meant to be a general summary of Primary Care Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Primary Care Development Corporation (PCDC) builds, expands, and strengthens equitable access to quality primary care through various initiatives. One significant impact is through their capital investment programs, where PCDC offers affordable and flexible financial products to support primary care practices in underserved communities. Since its inception, PCDC has financed over $1.42 billion of primary care projects, transforming more than 2.6 million square feet of space. This investment has created over 6,700 construction jobs and sustained more than 12,500 permanent jobs in low-income areas.
On an annual basis, PCDC's initiatives have increased capacity for more than 4.6 million estimated medical visits, benefiting over 1.3 million estimated patients throughout the United States. Through their work, PCDC is contributing to the growth and sustainability of quality primary care services, especially for those in underserved communities, thus improving access to healthcare for vulnerable populations.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$7,021,518
INTEREST ON LOANS
Revenue
$3,404,948
Organization Details
Founding Year
1993
Phone
(212) 437-3940
Principal Officer
Louise Cohen
Main Address
45 BROADWAY SUITE 530, NEW YORK, NY, 10006
Website
www.pcdc.org
NTEE Category
Code: E800 - Health
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