Overview
What is Premier Community Development Corporation?
Premier Community Development Corporation (PCDC) is a nonprofit organization based in Plainfield, New Jersey, serving the city and surrounding urban areas. Their primary mission is to provide affordable housing for moderate and low-income families, adhering to income limitations set by the U.S. Department of Housing and Urban Development (HUD) guidelines. PCDC also offers homebuyer assistance to aid families in purchasing properties developed for moderate and low-income households. As an affiliate of the Housing Authority of Plainfield, PCDC collaborates with the city to enhance neighborhoods and improve living conditions in urban communities, focusing on the development and rehabilitation of quality housing. They strive to make a positive impact on family lives in these areas.
Official website here: www.pcdcnj.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Premier Community Development Corporation has received an 84% rating from Charity Navigator, indicating a solid performance in accountability and finance. The rating is derived solely from one beacon score, reflecting the organization's strong governance and financial practices, including 100% independent board members and no material diversion of assets.
The organization demonstrates comprehensive policies, including conflict of interest and whistleblower policies, which contribute positively to its accountability. Additionally, the board maintains well-documented meeting minutes, showcasing transparency in its operations. However, while the program expense ratio indicates that 59.35% of expenditures go towards programs, there is room for improvement in optimizing this figure to further enhance programmatic impact.
Overall, Premier Community Development Corporation shows strengths in governance and financial integrity, which are essential for donor confidence and operational success. Enhancing the efficiency of funds allocated to programs could further strengthen its standing and effectiveness in community development initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Premier Community Development Corporation legitimate?
Premier Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Premier Community 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $6,050
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.pcdcnj.org
What is the mission statement of Premier Community Development Corporation?
Premier Community Development Corporation, an affiliate of the Housing Authority of Plainfield, collaborates with the city to enhance neighborhoods for local residents. Their primary focus is on developing and rehabilitating quality housing to improve family lives in urban communities. They provide affordable housing options for moderate and low-income families, adhering to guidelines established by HUD. Income limitations are defined as very low income under the Section 8 Housing Assistance Payments Program, typically less than 50% of the area median. They also offer homebuyer assistance for the purchase of properties developed for moderate and low-income families.
Official website here: www.pcdcnj.org
Who is the CEO of Premier Community Development Corporation?
Randall Wood is the Executive Di of Premier Community Development Corporation.
Official website here: www.pcdcnj.org
What is the revenue of Premier Community Development Corporation?
Premier Community Development Corporation's revenue in 2022 was $37,484.
Official website here: www.pcdcnj.org
Who are the executives of Premier Community Development Corporation and what are their salaries?
The average compensation at Premier Community Development Corporation during 2022 was $6,050. There is 1 employee at Premier Community Development Corporation.
Here are 6 key members and their salaries:
- Compensation: $1,050
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pcdcnj.org
Where can I find the form 990 for Premier Community Development Corporation?
Premier Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pcdcnj.org
Learn more at the official website: www.pcdcnj.org
Mission Statement of Premier Community Development Corporation
Premier Community Development Corporation, an affiliate of the Housing Authority of Plainfield, works in collaboration with the city of Plainfield to enhance neighborhoods for local residents. Its primary focus is on the development and renovation of quality housing units to improve family living conditions in urban communities. By adhering to HUD guidelines by county, the organization provides affordable housing options for moderate and low-income families living in the city of Plainfield and surrounding urban areas. Individuals are considered low income if their household income falls below the "very low income" threshold under the Section 8 Housing Assistance Payments Program, which is generally set at 50% of the area median. Similarly, moderate income is determined using the "lower income" limits of Section 8, typically tied to 80% of the area median. Additionally, Premier Community Development Corporation offers homebuyer assistance to help moderate and low-income families purchase properties developed for their income bracket.
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Impact
August, 2024
Premier Community Development Corporation's impact is significant in providing quality affordable housing for moderate and low-income families living in Plainfield and surrounding urban areas. By focusing on the development and rehabilitation of housing, they contribute to the improvement of family lives in urban communities. Their efforts align with the mission of working with the Housing Authority of Plainfield and the city to enhance neighborhoods for local residents. Through initiatives like homebuyer assistance programs, Premier Community Development Corporation plays a crucial role in addressing housing needs and fostering community development in the area.
This information is meant to be a general summary of Premier Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $318
- Program Service Revenue: $31,202
- Gross Receipts: $37,484
Assets and Liabilities:
- Total Assets: $557,184
- Total Liabilities: $9,415
- Net Assets: $547,769
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEES
Revenue
$31,202
Organization Details
Founding Year
2007
Phone
(908) 769-6335Principal Officer
Randall Wood
Main Address
510 EAST FRONT STREET, PLAINFIELD, NJ, 07060
Website
www.pcdcnj.orgNTEE Category
Code: L50 - Housing
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