2024-07-31T13:01:06-05:00 2023-12-31 943108253 NOVOGRADAC & COMPANY LLP 211 E OCEAN BLVD SUITE 600 LONG BEACH CA 90802 990 2023-01-01 352175243 PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION PHOE 6022626242 2201 E CAMELBACK RD STE 403 PHOENIX AZ 85016 JUAN SALGADO CHIEF EXECUTIVE OFFICER 6022626242 2024-07-31 1 0 WILLIAM A LETSINGER P00478303 5624329482 2023 2024-08-08 14:25:15Z JUAN SALGADO 251 W WASHINGTON STREET 9TH FLOOR PHOENIX AZ 85003 3772700 0 X WWW.PCDIC.ORG X 2002 AZ TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION THROUGH SERVING OR PROVIDING INVESTMENT CAPITAL FOR QUALIFIED LOW-INCOME COMMUNITIES THROUGH COMMUNITY DEVELOPMENT ENTITIES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 45D AND THE TREASURY REGULATIONS THEREUNDER. 7 4 0 0 0 0 946495 653162 889591 1819214 332887 1300324 0 0 2168973 3772700 3900657 720263 0 0 0 0 0 0 0 1273178 1262371 5173835 1982634 -3004862 1790066 37376403 39320171 250000 163283 37126403 39156888 X TO ALLEVIATE POVERTY AND COMBAT COMMUNITY DETERIORATION THROUGH SERVING OR PROVIDING INVESTMENT CAPITAL FOR QUALIFIED LOW-INCOME COMMUNITIES THROUGH COMMUNITY DEVELOPMENT ENTITIES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 45D AND THE TREASURY REGULATIONS THEREUNDER. 0 0 346500 1819214 NEW MARKETS TAX CREDIT LOAN PROGRAM - TO ATTRACT AND PROVIDE FUNDS FOR PROJECTS THAT WILL IMPROVE THE QUALITY OF LIFE OF THOSE INDIVIDUALS WHO LIVE AND WORK IN UNDERSERVED AREAS OF THE COMMUNITY. 74250 NON-NEW MARKETS SMALL BUSINESS LOANS TO BUSINESSES THAT WOULD NOT QUALIFY FOR TRADITIONAL LENDING, DESIGNED TO ASSIST IN THOSE COMMUNITIES THAT WE SERVE. 794513 720263 COLLEGE AND UNIVERSITY SCHOLARSHIP GRANTS FOR TUITION AND OTHER COSTS ARE AWARDED FOR UP TO 4 YEARS TO PRIMARILY LMI STUDENTS, A MAJORITY OF WHOM ARE FIRST-GENERATION COLLEGE STUDENTS. ADDITIONALLY, PCDIC PROVIDED COVID-19 FINANCIAL RELIEF GRANTS TO SMALL BUSINESSES AND NONPROFITS IN LMI AREAS OF MARICOPA COUNTY, AS WELL AS GRANTS TO LOCAL NONPROFITS FOR PROJECTS IN LMI AREAS SUPPORTING AFFORDABLE HOUSING, COMMUNITY/ECONOMIC DEVELOPMENT, HEALTH INNOVATION, AND YOUTH & FAMILY DEVELOPMENT. 1215263 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 4 0 1 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 AZ X PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION 6022626242 2201 E CAMELBACK RD STE 403 PHOENIX AZ 85016 X SUSAN BARNES CHAIR 1.00 X X 0 0 0 JOHN CHAN VICE CHAIR 1.00 X X 0 0 0 KATHLEEN GITKIN TREASURER 1.00 X X 0 0 0 JULIA KARL BOARD MEMBER 1.00 X 0 0 0 TITUS MATTHEW BOARD MEMBER 1.00 X 0 0 0 MARIO VENTURA BOARD MEMBER 1.00 X 0 0 0 JOSEPH LOSADA BOARD MEMBER 1.00 X 0 0 0 GINGER SPENCER CHAIR EMERITUS 1.00 X 0 0 0 JUAN SALGADO CHIEF EXECUTIVE OFFICER 10.00 X 0 0 0 0 0 0 0 0 0 0 PHOENIX IDA 2201 E CAMELBACK RD 403 PHOENIX AZ 85016 MANAGEMENT SERVICES 900000 1 653162 653162 SPONSOR FEE 523940 1050000 1050000 ASSET MANAGEMENT FEE 523940 554688 554688 OTHER FEE INCOME 523940 110025 110025 LOAN FEES 523940 104501 104501 1819214 1300324 1300324 3772700 1819214 0 1300324 720263 720263 900000 495000 405000 13141 13141 179503 179503 91645 91645 486 486 48662 48662 LOAN FEES 28934 28934 1982634 1215263 767371 0 33148527 24493701 98900 0 4120726 4813026 8250 10013444 0 37376403 39320171 0 98283 250000 65000 250000 163283 X 36217930 38029253 908473 1127635 37126403 39156888 37376403 39320171 X 1790066 240419 X 0 1 X 1 0 X 355000 180000 410000 946495 653162 2544657 67993 105933 47428 9609 18373 249336 422993 285933 457428 956104 671535 2793993 10280 2783713 586674 457543 158093 254280 1235412 2692002 5485995 4147583 0.50740 0.48510 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 10013444 C 10013444 4031006 18373 239933 258306 3772700 0 3772700 2000521 18373 18373 1982148 486 486 1982634 PART XI, LINE 2D - OTHER ADJUSTMENTS: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS -25. UNREALIZED GAINS/LOSSES 239,958. PART XII, LINE 4B - OTHER ADJUSTMENTS: AMORTIZATION EXPENSE 486. 0 ALHAMBRA EDUCATION PARTNERSHIPS 4510 N 37TH AVE PHOENIX AZ 85019 860729940 501(C)(3) 83333 0 N/A N/A FORGIVEABLE LOAN FOR THE NFL FIELD AT SEVILLA ELEMENTARY SCHOOL LIVE LOVE CHANDLER 1774 E SAN CARLOS PL CHANDLER AZ 85249 260880504 501(C)(3) 83333 0 N/A N/A FORGIVEABLE LOAN FOR DEVELOPMENT AND CONSTRUCTION OF A 5,000 SQUARE FOOT COMMUNITY LEARNING CENTER. MOBILE HOME RELIEF 1809 W BUCKEYE ROAD PHOENIX AZ 85007 501(C)(3) 98769 0 N/A N/A FUNDING USED TO PROVIDE HUMAN SERVICES NAVIGATION AND CASE MANAGEMENT FOR RESIDENTS OF PHOENIX MOBILE HOME PARKSFACING EVICTION DUE TO THE SALE AND CHANGE OF USE OF THOSE PROPERTIES. A TOTAL OF 134 HOUSEHOLDS COMPRISED OF 393 RESIDENTS FROM THREE MOBILE HOME PARKS HAVE BEEN TRANSITIONED TO PERMANENT HOUSING. FUNDING ALSO PROVIDES ONGOING SUPPORT FOR THESE FAMILIES TO ENSURE THAT THEY ARE STABILIZED IN THEIR NEW HOUSING ENVIRONMENTS. SCHOLARSHIPS FOR COLLEGE TUITION 90 434000 BOOST SUPPORT 14 20827 X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED MANANGEMENT DUTIES TO PHOENIX IDA. MANAGEMENT DUTIES INCLUDE MANAGEMENT OVERSIGHT AND DECISION MAKING, SUPERVISING EXEMPT OPERATIONS AND PROGRAMS, PLANNING AND EXECUTING BUDGETS, AND FINANCIAL OPERATIONS. MANAGEMENT SERVICES PROVIDED BY PHOENIX IDA ARE PERFORMED UNDER THE DIRECTION AND SUPERVISION OF THE PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION'S BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 AND SUPPORTING SCHEDULES ARE PREPARED BY TAX PREPARER. THE CEO AND STAFF OF THE FILING ORGANIZATION REVIEW THE RETURN FOR ACCURACY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C A CODE OF ETHICS AND CONFLICT OF INTEREST HANDBOOK IS GIVEN TO THE DIRECTOR WHEN HE/SHE IS ELECTED. PRIOR TO VOTING ON THE ORGANIZATIONS MATTERS, ALL DIRECTORS ARE REQUIRED TO DECLARE AND SIGN ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DELEGATED MANANGEMENT DUTIES TO PHOENIX IDA. MANAGEMENT DUTIES INCLUDE MANAGEMENT OVERSIGHT AND DECISION MAKING, SUPERVISING EXEMPT OPERATIONS AND PROGRAMS, PLANNING AND EXECUTING BUDGETS, AND FINANCIAL OPERATIONS. ALL AMOUNTS PAID AS COMPENSATION FOR MANAGEMENT SERVICES PROVIDED BY PHOENIX IDA ARE COVERED UNDER THE PROFESSIONAL MANAGEMENT AND ORGANIZATIONAL SERVICES AGREEMENT APPROVED BY THE ORGANIZATION'S BOARD AND SIGNED BY THE CHAIRMAN OF THE BOARD. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS WILL BE MADE AVAILABLE FOR PUBLIC INSPECTION UPON LETTER REQUEST UNDER INTERNAL REVENUE CODE SECTION 6104. FORM 990, PART XI, LINE 9: FLOW-THROUGH INCOME/LOSS FROM INVESTMENTS -25. AMORTIZATION EXPENSE 486. UNREALIZED GAINS/LOSSES 239,958. PHX OCOTILLO LLC 2201 E CAMELBACK RD STE 403 PHOENIX AZ 85016 465338996 INVESTMENT IN LOW-INCOME COMMUNITY BUSINESSES AZ N/A RELATED 7 1041 0 1 0.00010 PHANTOM HORSE LLC 2201 E CAMELBACK RD STE 403 PHOENIX AZ 85016 853266262 INVESTMENT IN LOW-INCOME COMMUNITY BUSINESSES AZ N/A RELATED 17 2431 0 1 0.00010 VILLA DE PAZ LLC 2201 E CAMELBACK RD STE 403 PHOENIX AZ 85016 853348159 INVESTMENT IN LOW-INCOME COMMUNITY BUSINESSES AZ N/A RELATED 14 1988 0 1 0.00010 VILLA MONTEREY LLC 2201 E CAMELBACK RD STE 403 PHOENIX AZ 85016 853326083 INVESTMENT IN LOW-INCOME COMMUNITY BUSINESSES AZ N/A RELATED 9 1246 0 1 0.00010 POHLCAT LLC 2201 E CAMELBACK RD STE 403 PHOENIX AZ 85016 853284119 INVESTMENT IN LOW-INCOME COMMUNITY BUSINESSES AZ N/A RELATED 11 1496 0 1 0.00010 PEPPERWOOD LLC 2201 E CAMELBACK RD STE 405B PHOENIX AZ 85016 853304561 INVESTMENT IN LOW-INCOME COMMUNITY BUSINESSES AZ N/A RELATED 10 1746 0 1 0.00010 BUMBLE BEE NMTC LLC 2201 E CAMELBACK RD STE 405B PHOENIX AZ 85016 882761202 INVESTMENT IN LOW-INCOME COMMUNITY BUSINESSES AZ N/A RELATED 10 3496 0 1 0.00010 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 PHX OCTILLO LLC A 7 PHANTOM HORSE LLC A 17 VILLA DE PAZ LLC A 14 VILLA MONTEREY LLC A 9 POHLCAT LLC A 11 PEPPERWOOD LLC A 10 BUMBLE BEE NMTC LLC A 10 PHX OCOTILLO LLC L 52500 PHANTOM HORSE LLC L 122500 VILLA DE PAZ LLC L 100000 VILLA MONTEREY LLC L 62500 POHLCAT LLC L 75000 PEPPERWOOD LLC L 69757 BUMBLE BEE NMTC LLC L 72431