Nonprofit · EIN 13-3711803
PRIMARY CARE DEVELOPMENT CORPORATION
Tax-exempt · NEW YORK, NY 10006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $28,277,474 | $12,707,402 | $15,570,072 | $170,477,187 | $95,225,564 | $75,251,623 |
| June 30, 2024 | 990 | $13,180,974 | $14,717,880 | -$1,536,906 | $148,220,209 | $89,001,394 | $59,218,815 |
| June 30, 2023 | 990 | $14,158,594 | $15,202,525 | -$1,043,931 | $142,976,892 | $82,542,525 | $60,434,367 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $16,673,455
- of which government grants
- $450,000
- Program service revenue
- $10,141,912
- Investment income
- $1,474,203
- Net gain from sales of assets
- -$66,723
- Net income from fundraising events
- -$12,180
- Other revenue
- -$12,096
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,625,069
- Other salaries and wages
- $4,629,339
- Salaries, compensation and benefits (total)
- $7,576,198
- Professional fundraising fees
- $0
- Legal fees
- $403,106
- Accounting fees
- $75,954
- Occupancy
- $553,511
- Travel
- $139,373
- Depreciation
- $98,657
- Program services (functional)
- $9,471,496
- Management and general (functional)
- $3,195,587
- Fundraising (functional)
- $40,319
Balance sheet and other
- Total assets, start of year
- $148,220,209
- Total assets, end of year
- $170,477,187
- Total liabilities, end of year
- $95,225,564
- Net assets, end of year
- $75,251,623
- Land, buildings and equipment
- $187,552
- Publicly traded securities
- $23,855,540
- Net assets without donor restrictions
- $74,573,623
- Net assets with donor restrictions
- $678,000
- Gross receipts
- $32,784,176
- Employees
- 60
- Volunteers
- 21
- Year formed
- 1993
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOUISE COHEN | CEO Officer | 40 | $403,353 | $20,537 |
| WILLIAM O'BRIEN | CHIEF LENDING OFFICER Key employee | 40 | $265,893 | $52,113 |
| ISAAC KASTENBAUM | VP CQP Key employee | 40 | $245,679 | $71,597 |
| CYNTHIA SUMMERS | MANAGING DIR SPA THRU NOV. 2024 Key employee | 40 | $248,593 | $18,308 |
| NANCY LAGER | DIR, CAPITAL INVESTMENT Highest-paid employee | 40 | $214,138 | $30,946 |
| SHUK HAN LEUNG | SR. DIR. OF FINANCE Highest-paid employee | 40 | $192,239 | $45,475 |
| JULIE SCHILZ | SENIOR DIRECTOR Highest-paid employee | 40 | $211,979 | $11,952 |
| ANNE GEGGIE | SR. DIR., PORTFOLIO MANAGEMENT Key employee | 40 | $192,809 | $27,703 |
| CHRISTINA LINDSTROM | DIR. OF ADMINISTRATION Highest-paid employee | 40 | $207,771 | $12,090 |
| SHEREEN SANTALESA | HUMAN RESOURCES DIRECTOR Highest-paid employee | 40 | $170,345 | $11,831 |
| ASSUNTA ROSA | INTERIM CFO THRU AUG. 2024 Officer | 40 | $157,008 | $8,414 |
| ANA PRADO-SANCHO | CFO AS OF JULY 2024 Officer | 40 | $96,786 | $10,771 |
| YVETTE P TEOFAN | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAROL RAPHAEL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT MORGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOHN RUGGE | SECRETARY Trustee or director, Officer | 1 | $0 |
| CYRUS BATHEJA | BOARD MEMBER Trustee or director | 1 | $0 |
| DUDLEY BENOIT | BOARD MEMBER Trustee or director | 1 | $0 |
| ALAN BRANSON | BOARD MEMBER Trustee or director | 1 | $0 |
| PABLO BRAVO | BOARD MEMBER Trustee or director | 1 | $0 |
| JONATHAN CHAMPMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| GERRELDA DAVIS | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN HOLDSCLAW | BOARD MEMBER Trustee or director | 1 | $0 |
| CHRISTOPHER KOLLER | BOARD MEMBER Trustee or director | 1 | $0 |
| HELEN ARTEAGA LANDAVERDE | BOARD MEMBER Trustee or director | 1 | $0 |
| DIANA MASON | BOARD MEMBER Trustee or director | 1 | $0 |
| JORGE R PETIT | BOARD MEMBER Trustee or director | 1 | $0 |
| WHITNEY PHELPS | BOARD MEMBER Trustee or director | 1 | $0 |
| LORI SCOTT | BOARD MEMBER Trustee or director | 1 | $0 |
| MATT SIEGLER | BOARD MEMBER Trustee or director | 1 | $0 |
| TERRIE STERLING | BOARD MEMBER Trustee or director | 1 | $0 |
| UDAI TAMBAR | BOARD MEMBER Trustee or director | 1 | $0 |
| MARLENE ZURACK | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOUISE COHEN | CEO Officer | 40 | $413,051 | $20,295 |
| WILLIAM O'BRIEN | CHIEF LENDING OFFICER Key employee | 40 | $269,602 | $52,272 |
| ISAAC KASTENBAUM | VP CQP Key employee | 40 | $242,877 | $66,223 |
| DANIEL LEHMAN | OUTGOING EXE VP/CFO Officer | 40 | $259,013 | $32,256 |
| CYNTHIA SUMMERS | MANAGING DIR SPA Key employee | 40 | $252,932 | $18,895 |
| NANCY LAGER | SR DIR, CAPITAL INVESTMENT Highest-paid employee | 40 | $217,786 | $29,418 |
| SHUK HAN LEUNG | SR. DIR OF FINANCE Highest-paid employee | 40 | $191,448 | $44,236 |
| CHRISTINA LINDSTROM | DIR OF ADMINISTRATION Highest-paid employee | 40 | $205,427 | $25,463 |
| JULIE SCHILZ | SENIOR DIRECTOR Highest-paid employee | 40 | $206,024 | $11,693 |
| DEBORAH JOHNSON INGRAM | SR DIR CQP Highest-paid employee | 40 | $180,828 | $16,918 |
| ASSUNTA ROSA | INTERIM CFO Officer | 40 | $44,038 | $2,614 |
| ALAN BRANSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROL RAPHAEL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CHRISTOPHER KOLLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CYRUS BATHEJA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID A GOULD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DIANA MASON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DUDLEY BENOIT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GERRELDA DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HELEN ARTEAGA LANDAVERDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HENRY CHUNG | OUTGOING BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HOLDSCLAW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN RUGGE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JONATHAN CHAMPMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JORGE R PETIT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORI SCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARLENE ZURACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT SIEGLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PABLO BRAVO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT MORGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| TERRIE STERLING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| UDAI TAMBAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WHITNEY PHELPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| YVETTE P TEOFAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LOUISE COHEN | CEO Officer | 40 | $389,727 | $23,128 |
| DANIEL LEHMAN | EXE VP/CFO Officer | 40 | $284,436 | $20,812 |
| WILLIAM O'BRIEN | CHIEF LENDING OFFICER Key employee | 40 | $241,871 | $55,445 |
| DANA REED | MNG DIR, CAP INV Key employee | 40 | $262,147 | $33,004 |
| ISAAC KASTENBAUM | VP CQP Key employee | 40 | $246,139 | $48,188 |
| CYNTHIA SUMMERS | MANAGING DIR SPA Key employee | 40 | $250,660 | $18,285 |
| SHUK HAN LEUNG | SR. DIR OF FINANCE Highest-paid employee | 40 | $188,133 | $40,032 |
| NANCY LAGER | SR DIR, CAPITAL INVESTMENT Highest-paid employee | 40 | $200,855 | $26,768 |
| AMY BARNETT | DIR OF ADMINISTRATION Highest-paid employee | 40 | $165,379 | $37,673 |
| DEBORAH JOHNSON | SR DIR CQP Highest-paid employee | 40 | $183,597 | $16,935 |
| HENRIETTA CROSWELL | SENIOR DIRECTOR Highest-paid employee | 40 | $171,992 | $12,768 |
| ALAN BRANSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CAROL RAPHAEL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| CAROLYN TAIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTOPHER KOLLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CYRUS BATHEJA | BOARD MEMBER (INCOMING 7/22) Trustee or director | 1 | $0 | $0 |
| DAVID A GOULD | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| DAVID A MANKO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DIANA MASON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DUDLEY BENOIT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GARY M JACOBS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HELEN ARTEAGA LANDAVERDE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HENRY CHUNG | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN HOLDSCLAW | BOARD MEMBER (INCOMING 7/22) Trustee or director | 1 | $0 | $0 |
| JOHN RUGGE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JORGE R PETIT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LORI SCOTT | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARLENE ZURACK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MATT SIEGLER EX OFFICIO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PABLO BRAVO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SCOTT MORGAN | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| SUZETTE E GORDON | BOARD MEMBER (OUTGOING 1/23) Trustee or director | 1 | $0 | $0 |
| UDAI TAMBAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| YVETTE P TEOFAN | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 39 BROADWAY 31ST FLOOR, NEW YORK, NY 10006-3048
- Principal officer (990 for 2024)
- LOUISE COHEN, 39 BROADWAY FLOOR 31, NEW YORK, NY 10006
- Signed the 990
- LOUISE COHEN, CEO
- Phone
- (212) 437-3940
- Website
- HTTPS://WWW.PCDC.ORG/
- Return prepared by
- PKF O'CONNOR DAVIES ADVISORY LLC
Mission
PRIMARY CARE DEVELOPMENT CORPORATION (PCDC) SUPPORTS ACCESS TO HIGH-QUALITY PRIMARY CARE NATIONWIDE TO IMPROVE HEALTH OUTCOMES. PCDC WORKS WITH PRIMARY CARE PROVIDERS AND COMMUNITIES THROUGH CAPITAL FINANCING, CAPACITY-BUILDING SERVICES, AND POLICY ANALYSIS AND ADVOCACY TO EXPAND PRIMARY CARE CAPACITY AND STRENGTHEN CARE DELIVERY NATIONWIDE.
Program accomplishments
- CAPITAL INVESTMENT: PCDC PROVIDES FLEXIBLE FINANCING AND TECHNICAL EXPERTISE TO SUPPORT THE DEVELOPMENT AND MODERNIZATION OF COMMUNITY-BASED PRIMARY CARE FACILITIES, WITH A FOCUS ON COMMUNITIES WITH LIMITED ACCESS TO SERVICES. TO DATE, PCDC HAS FINANCED AROUND 260 PROJECTS TOTALING NEARLY $1.8 BILLION, SUPPORTING CAPACITY FOR APPROXIMATELY 5.3 MILLION MEDICAL VISITS ANNUALLY SERVING MORE THAN 1.5 MILLION PATIENTS NATIONWIDE. PCDC HAS EXPERIENCED NO LOAN LOSSES AND HOLDS AN AERIS AA+ FINANCIAL STRENGTH RATING AND A FOUR-STAR IMPACT MANAGEMENT RATING.Expenses $5,102,274 · revenue $7,618,750
- CONSULTING & TRAINING: PCDC PROVIDES CONSULTING, TRAINING, AND TECHNICAL ASSISTANCE TO STRENGTHEN PRIMARY CARE DELIVERY, OPERATIONS, AND FINANCIAL MANAGEMENT. PCDC HAS SUPPORTED MORE THAN 4,800 PRIMARY CARE ORGANIZATIONS NATIONWIDE, INCLUDING ASSISTANCE TO OVER 1,400 SITES IN ACHIEVING PATIENT-CENTERED MEDICAL HOME RECOGNITION. IN RESPONSE TO THE NEEDS OF EXISTING PRACTICES AND HEALTH CENTERS, PCDC EXPANDED FINANCIAL MANAGEMENT AND LITERACY SERVICES TO STRENGTHEN UNDERSTANDING OF ORGANIZATIONAL FINANCIAL OPERATIONS. PCDC ALSO EXPANDED CALIFORNIA-BASED CONSULTING SERVICES THROUGH STATE-FUNDED TECHNICAL ASSISTANCE, SUPPORTING PROVIDER PARTICIPATION IN STATEWIDE PAYMENT REFORM INITIATIVES.Expenses $2,764,980 · revenue $2,423,162
- POLICY, COMMUNICATIONS, RESEARCH & EVALUATION: PCDC CONDUCTS POLICY ANALYSIS, RESEARCH, AND STAKEHOLDER ENGAGEMENT TO INFORM DECISION-MAKING AND IMPROVE PRIMARY CARE ACCESS AND SYSTEM PERFORMANCE, ESPECIALLY IN AREAS AND COMMUNITIES WITH LIMITED ACCESS TO SERVICES. THROUGH ORIGINAL RESEARCH, DATA TOOLS, AND THOUGHT LEADERSHIP, PCDC HELPS POLICYMAKERS, FUNDERS, AND HEALTH CARE LEADERS BETTER UNDERSTAND WHERE PRIMARY CARE GAPS EXIST AND HOW RESOURCES CAN BE USED MORE EFFECTIVELY. PCDC'S WORK ELEVATES EVIDENCE-BASED SOLUTIONS, STRENGTHENS ACCOUNTABILITY, AND SUPPORTS SUSTAINABLE INVESTMENTS IN PRIMARY CARE NATIONWIDE.Expenses $1,604,242 · revenue $100,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 13-3711803
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E800)
- Assets (IRS master file)
- $170,477,187
- Income (IRS master file)
- $32,784,176
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $28,277,474 | $12,707,402 | $170,477,187 | XML |
| 990 | June 2024 | $13,180,974 | $14,717,880 | $148,220,209 | XML |
| 990 | June 2023 | $14,158,594 | $15,202,525 | $142,976,892 | XML |
| 990 | June 2022 | $17,167,926 | $12,753,321 | $131,968,263 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-3711803).
Questions about PRIMARY CARE DEVELOPMENT CORPORATION
- What is the EIN of PRIMARY CARE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PRIMARY CARE DEVELOPMENT CORPORATION is 13-3711803.
- Is PRIMARY CARE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to PRIMARY CARE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRIMARY CARE DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRIMARY CARE DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRIMARY CARE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PRIMARY CARE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names LOUISE COHEN.
- Who are the officers and directors of PRIMARY CARE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 33 people; 12 received compensation from the organization, the highest $403,353 (LOUISE COHEN, CEO).
- How much revenue does PRIMARY CARE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $28,277,474, expenses of $12,707,402 and total assets of $170,477,187 at year end.
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