Overview
What is Philadelphia Chinatown Development Corporation?
Philadelphia Chinatown Development Corporation (PCDC) is a dedicated nonprofit organization based in Philadelphia, Pennsylvania. With a team of 38 individuals, PCDC focuses on revitalizing the Chinatown neighborhood by constructing mixed-use and mixed-income housing projects, eliminating blight, and promoting equitable development. Notable projects include the Crane Community Center and Residence in 2019, North Family Homes in 2020, and 8 units of affordable housing in 2021. In 2022, PCDC plans to develop 8 more units on blighted land. Committed to serving the local community, PCDC provides bilingual, culturally sensitive assistance and resources, with a mission to combat community deterioration, preserve Chinese culture, and promote affordable housing in Chinatown.
Official website here: www.chinatown-pcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% - Four-Star out of Four Stars
The Philadelphia Chinatown Development Corporation has achieved an impressive 97% score, indicating strong performance in accountability and finance. This Four-Star rating reflects the organization's commitment to transparency and sound financial practices, which are critical for building trust with donors and stakeholders.
One of the organization's notable strengths is its fully independent board, comprising 14 members, which ensures diverse perspectives and reduces conflicts of interest. The organization also excels in financial oversight, with no material diversion of assets reported, and maintains a high program expense ratio of 87.25%, demonstrating that a significant portion of its resources is directed towards its mission-related activities.
However, while the organization exhibits strong financial health and governance practices, potential donors or partners may want to look into how the organization engages with the community and measures its impact, as this information is not detailed within the financial accountability metrics. Overall, the Philadelphia Chinatown Development Corporation stands out as a financially responsible nonprofit dedicated to serving its community effectively.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Philadelphia Chinatown Development Corporation?
96% of 13 reviewers on Facebook recommend the Philadelphia Chinatown Development Corporation. Here is a summary of their reviews:
Many people describe the organization as a fun and engaging place to be. This positive sentiment indicates that the nonprofit is well-regarded within the community it serves. Contributors feel welcomed and appreciate the vibrant atmosphere created by the organization.
Overall, the reviews reflect a strong endorsement, suggesting that the Philadelphia Chinatown Development Corporation effectively connects with its audience and provides enjoyable experiences within the Chinatown community.
This AI summary has been generated from reviews found on Facebook.
Is Philadelphia Chinatown Development Corporation legitimate?
Philadelphia Chinatown Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia Chinatown 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: $102,034
Professional Fundraising Fees: $0
Other Salaries and Wages: $600,304
For more financial information, click here
Official website here: www.chinatown-pcdc.org
What is the mission statement of Philadelphia Chinatown Development Corporation?
The Philadelphia Chinatown Development Corporation's mission encompasses various aspects, primarily focusing on combating community deterioration within Chinatown. It aims to preserve and develop the Chinatown community, leading in neighborhood planning, considering land use, and addressing zoning laws. The corporation is committed to serving the residents of Chinatown, particularly in providing affordable housing. Furthermore, it promotes education programs to increase the general public's awareness of Chinese American culture. The corporation offers bilingual, culturally sensitive assistance and services to its clients.
Official website here: www.chinatown-pcdc.org
Who is the CEO of Philadelphia Chinatown Development Corporation?
John Chin is the Board Chair of Philadelphia Chinatown Development Corporation.
Official website here: www.chinatown-pcdc.org
What is the revenue of Philadelphia Chinatown Development Corporation?
Philadelphia Chinatown Development Corporation's revenue in 2022 was $5,220,135.
Official website here: www.chinatown-pcdc.org
Who are the executives of Philadelphia Chinatown Development Corporation and what are their salaries?
The average compensation at Philadelphia Chinatown Development Corporation during 2022 was $18,483. There are 38 employees and 14 volunteers at Philadelphia Chinatown Development Corporation.
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- Compensation: $87,663
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- Other: $14,400
Official website here: www.chinatown-pcdc.org
Where can I find the form 990 for Philadelphia Chinatown Development Corporation?
Philadelphia Chinatown Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.chinatown-pcdc.org
Learn more at the official website: www.chinatown-pcdc.org
Mission Statement of Philadelphia Chinatown Development Corporation
Philadelphia Chinatown Development Corporation (PCDC) is a nonprofit organization that serves the community in Philadelphia's Chinatown neighborhood. Its mission encompasses various aspects, including combating community deterioration within Chinatown, preserving and developing the Chinatown community, leading the community in neighborhood planning, considering land use, and addressing zoning laws. The corporation is particularly dedicated to serving the residents of Chinatown, with a focus on providing affordable housing. Furthermore, PCDC promotes education programs to increase the general public's awareness of Chinese American culture.
In essence, Philadelphia Chinatown Development Corporation plays a pivotal role in the Chinatown community by providing bilingual, culturally sensitive assistance and services. Its mission extends beyond the physical aspect of community development, as it also aims to preserve and celebrate the rich Chinese American culture. By promoting education programs and providing affordable housing, PCDC contributes to the overall well-being and empowerment of the Chinatown community.
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Impact
October, 2024
The Philadelphia Chinatown Development Corporation (PCDC) plays a vital role in enhancing the quality of life in Philadelphia's Chinatown neighborhood. By providing bilingual and culturally sensitive assistance, PCDC supports residents in navigating various challenges while preserving and developing the community.
One of the significant impacts of PCDC is its commitment to housing development, having successfully created over 500 units of mixed-use and mixed-income housing. This initiative contributes to eliminating blight, particularly in Chinatown North, and fosters equitable development in an area undergoing transition. Projects such as the Crane Community Center and Residence, completed in 2019, showcase a comprehensive approach by combining residential, office, retail, education, recreation, and cultural spaces.
Moreover, PCDC's continuous efforts in affordable housing—like the North Family Homes and various developments on previously blighted land—highlight its dedication to addressing housing needs in the community. The organization not only combats community deterioration but also actively engages in neighborhood planning, considering land use, and addressing zoning laws to ensure sustainable growth.
Overall, PCDC's mission fosters a vibrant and resilient community, promoting education and cultural awareness while ensuring that the needs of Chinatown residents are met. Its long-term impact is reflected in a thriving neighborhood that honors its cultural heritage while adapting to modern challenges.
This information is meant to be a general summary of Philadelphia Chinatown 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.
- Program Service Revenue: $1,199,198
- Gross Receipts: $5,241,318
Assets and Liabilities:
- Total Assets: $21,235,360
- Total Liabilities: $6,303,359
- Net Assets: $14,932,001
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$622,362
PROGRAM SERVICE FEES
Revenue
$457,143
INTEREST INCOME FROM P
Revenue
$119,693
Organization Details
Founding Year
1969
Phone
(215) 922-2156Principal Officer
John Chin
Main Address
301 N 9TH STREET, PHILADELPHIA, PA, 19107
Website
www.chinatown-pcdc.orgNTEE Category
Code: S31Z - Community improvement
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