2024-11-14T06:13:39-06:00 2023-12-31 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2023-01-01 222876697 PCH DEVELOPMENT CORPORATION PCHD 6099243822 ONE MONUMENT DRIVE PRINCETON NJ 08540 EDWARD TRUSCELLI EXECUTIVE DIRECTOR 6099243822 2024-11-13 1 1 JOLANTA TUCK CPA P01340068 2122970400 2024-11-05 2023 2024-10-15 13:58:12Z EDWARD TRUSCELLI ONE MONUMENT DRIVE PRINCETON NJ 08540 811271 0 X WWW.PRINCETONCOMMUNITYHOUSING.ORG X 1989 NJ 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. 16 16 10 16 0 0 200000 100000 809304 711230 53 41 0 0 1009357 811271 0 0 0 0 490100 493191 0 0 0 721172 151810 1211272 645001 -201915 166270 900469 1078294 17954 29511 882515 1048783 THE ORGANIZATION'S MISSION IS TO FIND OPPORTUNITIES TO CREATE AND MANAGE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS. THE ORGANIZATION ALSO PROVIDE MANAGEMENT SERVICES FOR LOW AND MODERATE INCOME HOUSING PROJECTS. 0 0 486573 711230 THE ORGANIZATION PROVIDES MANAGEMENT SERVICES TO LOW AND MODERATE INCOME HOUSING PROJECTS AND SEEKS TO CREATE AFFORDABLE HOUSING IN NEW JERSEY. 486573 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 1 10 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 NJ X ALICIA DEFREITAS CO PCH DEVELOPMENT CORPORATION 6099243822 ONE MONUMENT DRIVE PRINCETON NJ 08540 ABREAH SANTIAGO BOARD MEMBER 1.00 1.00 X 0 0 0 ALICE K SMALL PRESIDENT 1.00 7.00 X X 0 0 0 C VANLEER DAVIS BOARD MEMBER 1.00 7.00 X 0 0 0 CHAD KLAUS BOARD MEMBER 1.00 1.00 X 0 0 0 DANIELA BONAFEDE-CHHABRA BOARD MEMBER 1.00 1.00 X 0 0 0 ELIZABETH HOCK BOARD MEMBER 1.00 1.00 X 0 0 0 JAMES DEMETRIADES BOARD MEMBER 1.00 1.00 X 0 0 0 JOHN W GILMORE BOARD MEMBER 1.00 1.00 X 0 0 0 KATHLEEN K FAREWELL VICE PRESIDENT 1.00 1.00 X X 0 0 0 MARGARET GRIFFIN BOARD MEMBER 1.00 1.00 X 0 0 0 NICOLE SHELTON BOARD MEMBER 1.00 1.00 X 0 0 0 RICHARD GITTLEMAN BOARD MEMBER 1.00 1.00 X 0 0 0 ROBERT FERNHOLZ SECRETARY 1.00 1.00 X X 0 0 0 SONIA CHADHA BOARD MEMBER 1.00 1.00 X 0 0 0 TONY CAPOZZOLI TREASURER 1.00 7.00 X X 0 0 0 VALERIE HAYNES BOARD MEMBER 1.00 7.00 X 0 0 0 EDWARD TRUSCELLI EXECUTIVE DIRECTOR 33.00 7.00 X 169437 0 75116 JANET MCCLAFFERTY FINANCE DIRECTOR 33.00 7.00 X 134458 0 17414 KATE BECH DIRECTIOR OF MISSION ADVANCEMENT 40.00 X 110052 0 3358 413947 0 95888 3 0 1 0 0 100000 100000 MANAGEMENT FEE REVENUE 531310 466061 466061 AFFORDABLE HOUSING CER 531310 142275 142275 DEVELOPER FEE INCOME 531310 102894 102894 711230 41 41 811271 711230 0 41 359002 314522 44480 66932 58594 8338 5155 4535 620 23806 20945 2861 38296 34353 3943 1470 1470 33100 33100 5739 5739 5000 5000 27374 27374 44416 24974 19442 29209 12409 16800 753 753 4749 4749 645001 486573 158428 0 111508 114513 52775 52816 18657 21460 7187 8661 47474 47474 4749 0 705593 880844 900469 1078294 17954 29511 17954 29511 X 882515 1048783 882515 1048783 900469 1078294 166270 0 X 0 1 X 1 0 X 124385 455049 368781 200000 100000 1248215 515587 536692 547548 809304 711230 3120361 639972 991741 916329 1009304 811230 4368576 0 0 0 4368576 909 179 193 53 41 1375 909 179 193 53 41 1375 640881 991920 916522 1009357 811271 4369951 0.99970 0.99950 0.00030 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 47474 47474 0 0 DUE FROM RELATED PARTY 547956 DEVLOPER FEE RECIEVABLE 332888 880844 X 8372651 7561380 7561380 811271 0 811271 8403739 7758738 7758738 645001 0 645001 PART X, LINE 2: PCH AND NONPROFIT CORPORATE AFFILIATES APPLIED FOR AND RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE ("IRS") TO BE TREATED AS TAX-EXEMPT ENTITIES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31 2023 AND 2022. DUE TO THEIR TAX-EXEMPT STATUS, PCH AND NONPROFIT CORPORATE AFFILIATES ARE NOT SUBJECT TO INCOME TAXES. PCH AND NONPROFIT CORPORATE AFFILIATES ARE REQUIRED TO FILE AND DO FILE TAX RETURNS WITH THE IRS AND OTHER TAXING AUTHORITIES. ACCORDINGLY, THESE CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION FOR INCOME TAXES AND PCH AND NONPROFIT CORPORATE AFFILIATES HAVE NO OTHER TAX POSITIONS WHICH MUST BE CONSIDERED FOR DISCLOSURE. PCH AND NONPROFIT CORPORATE AFFILIATES ARE NO LONGER SUBJECT TO U.S. FEDERAL, STATE, OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS ENDED DECEMBER 31, 2020 AND PRIOR. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION REVENUE 9,172,186. RELATED ORGANIZATION ELIMINATIONS -1,610,806. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATION EXPENSES 8,819,216. RELATED ORGANIZATION ELIMINATIONS -1,060,478. X 0 0 0 0 0 0 0 0 0 EDWARD TRUSCELLI EXECUTIVE DIRECTOR 169437 0 0 0 0 0 5350 5530 32343 31893 207130 37423 0 0 JANET MCCLAFFERTY FINANCE DIRECTOR 134458 0 0 0 0 0 4107 0 13307 0 151872 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE 990, WITH THE SCHEDULE B REMOVED DUE TO DONOR REQUESTS FOR ANONYMITY, IS EMAILED TO BOARD MEMBERS BEFORE THE 990 IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES AND THE KEY EMPLOYEES ARE REQUIRED TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION CONDUCTED A STUDY USING AN INDEPENDENT CONSULTANT TO DETERMINE COMPENSATION ON FOR MEMBERS OF THE MANAGEMENT TEAM AND ITS EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 ALL DOCUMENTS DESCRIBED ARE AVAILABLE UPON REQUEST OF THE ORGANIZATION. ELM COURT II INC ONE MONUMENT DRIVE PRINCETON NJ 08540 562477473 VERY LOW INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 0 ELM COURT INC ONE MONUMENT DRIVE PRINCETON NJ 08540 208984541 VERY LOW INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 0 GRIGGS FARM INC ONE MONUMENT DRIVE PRINCETON NJ 08540 208198080 LOW INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 0 PCH HOME INC ONE MONUMENT DRIVE PRINCETON NJ 08540 274444170 LOW INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 0 PCH VILLAGE INC ONE MONUMENT DRIVE PRINCETON NJ 08540 222085939 LOW AND MODERATE INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 0 PCV GROUP INC ONE MONUMENT DRIVE PRINCETON NJ 08540 222820022 LOW AND MODERATE INCOME HOUSING NJ 501(C)(3) 10 PRINCETON COMMUNITY HOUSING 0 PRINCETON COMMUNITY HOUSING INC ONE MONUMENT DRIVE PRINCETON NJ 08540 133026182 RAISE FUNDS & PROVIDE ASSISTANCE TO LOW AND MODERATE INCOME HOUSING PROJECTS NJ 501(C)(3) 7 N/A 0 PRINCETON COMMUNITY VILLAGE ASSOCIATES LP ONE MONUMENT DRIVE PRINCETON NJ 08540 222578601 LOW AND MODERATE INCOME HOUSING NJ N/A 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 0 0 0 0