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Nonprofit · EIN 35-2175243

PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION

Tax-exempt · PHOENIX, AZ 85016

Financials

$3.8M$2M2023$2.9M$2.6M2024
Revenue Expenses · by fiscal year end
Financials of PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,921,536$2,557,822$363,714$39,881,295$264,240$39,617,055
December 31, 2023990$3,772,700$1,982,634$1,790,066$39,320,171$163,283$39,156,888
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$186,809
Program service revenue
$1,460,138
Investment income
$1,274,589
Other revenue
$0

Expenses

Grants and similar amounts paid
$1,155,554
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$32,148
Accounting fees
$278,612
Depreciation
$51
Program services (functional)
$1,663,754
Management and general (functional)
$894,068

Balance sheet and other

Total assets, start of year
$39,320,171
Total assets, end of year
$39,881,295
Total liabilities, end of year
$264,240
Net assets, end of year
$39,617,055
Net assets without donor restrictions
$38,457,611
Net assets with donor restrictions
$1,159,444
Gross receipts
$2,921,536
Employees
0
Volunteers
0
Year formed
2002
State of legal domicile
AZ

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
JOHN CHANCHAIR
Trustee or director, Officer
1$0
TITUS MATTHEWVICE CHAIR
Trustee or director, Officer
1$0
KATHLEEN GITKINTREASURER
Trustee or director, Officer
1$0
LLOYD HOPKINSBOARD MEMBER
Trustee or director
1$0
JULIA KARLBOARD MEMBER
Trustee or director
1$0
JOSEPH LOSADABOARD MEMBER
Trustee or director
1$0
MARIO VENTURABOARD MEMBER
Trustee or director
1$0
GINGER SPENCERCHAIR EMERITUS
Trustee or director
1$0
JUAN SALGADOCHIEF EXECUTIVE OFFICER
Officer
10$0
990 for the year ended December 31, 2023: 9 people
NameTitleHours / weekCompensation
SUSAN BARNESCHAIR
Trustee or director, Officer
1$0
JOHN CHANVICE CHAIR
Trustee or director, Officer
1$0
KATHLEEN GITKINTREASURER
Trustee or director, Officer
1$0
JULIA KARLBOARD MEMBER
Trustee or director
1$0
TITUS MATTHEWBOARD MEMBER
Trustee or director
1$0
MARIO VENTURABOARD MEMBER
Trustee or director
1$0
JOSEPH LOSADABOARD MEMBER
Trustee or director
1$0
GINGER SPENCERCHAIR EMERITUS
Trustee or director
1$0
JUAN SALGADOCHIEF EXECUTIVE OFFICER
Officer
10$0

Address and contacts

Address (IRS master file)
2201 E CAMELBACK RD STE 405B, PHOENIX, AZ 85016-3431
In care of
% CITY OF PHOENIX
Principal officer (990 for 2024)
JUAN SALGADO, 251 W WASHINGTON STREET 9TH FLOOR, PHOENIX, AZ 85003
Signed the 990
JUAN SALGADO, CHIEF EXECUTIVE OFFICER
Phone
(602) 262-6242
Return prepared by
NOVOGRADAC & COMPANY LLP

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $355,740 · revenue $1,460,138
  • NON-NEW MARKETS SMALL BUSINESS LOANS TO BUSINESSES THAT WOULD NOT QUALIFY FOR TRADITIONAL LENDING, DESIGNED TO ASSIST IN THOSE COMMUNITIES THAT WE SERVE.
    Expenses $76,230
  • 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.
    Expenses $1,231,784 · grants $1,155,554

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
35-2175243
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
2006
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$39,881,295
Income (IRS master file)
$2,921,536

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,921,536$2,557,822$39,881,295IRS
990December 2023$3,772,700$1,982,634$39,320,171XML
990December 2022$2,168,973$5,173,835$37,376,403IRS
990December 2021–––IRS
990December 2020–––IRS
990December 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 35-2175243).

Questions about PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION

What is the EIN of PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION?
The employer identification number (EIN) of PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION is 35-2175243.
Is PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
Are donations to PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT 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 PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION?
The 990 for the year ended December 31, 2024 names JUAN SALGADO.
Who are the officers and directors of PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,921,536, expenses of $2,557,822 and total assets of $39,881,295 at year end.

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