Public Charity

PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION

PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION, of PHOENIX, AZ, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $2.9M in revenue, $2.6M in expenses, $39.9M in total assets. 1 publicly reported grants to this organization, totaling roughly $158K, appear in IRS filings.

EIN: 352175243 PHOENIX, AZ Urban & Community Economic Development NTEE: S31 Latest filing: 2024
Total Revenue$2.9M
Total Expenses$2.6M
Total Assets$39.9M
Grant Records1
Funding Total$158K
Filing Years2019–2024

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.

Where $100 goes at Phoenix Community Development and Investment Corporation

How Phoenix Community Development and Investment Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$76 Programs the work itself
$24 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $76 for programs

$56
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…
74% of program spending · Reported in the filing: 19 grants
$16
New markets tax credit loan program
21% of program spending
$4
Non-new markets small business loans to businesses that would not qualify for traditional lending, designed to assist in those communities that we serve
5% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Sample Grants Received

2023
GENERAL SUPPORT
$157,723

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

CHAIR EMERITUS Ginger Spencer
CHAIR John Chan
BOARD MEMBER Joseph Losada
CHIEF EXECUTIVE OFFICER Juan Salgado
BOARD MEMBER Julia Karl
TREASURER Kathleen Gitkin

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$157,723 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $2.9M $2.6M $39.9M
2023 $3.8M $2.0M $39.3M
2022 $2.2M $5.2M $37.4M
2020 $4.7M $3.0M $36.3M
2019 $3.0M $1.0M $34.3M

Between 2019 and 2024, reported annual revenue held roughly steady at around $2.9M, with total assets most recently reported at $39.9M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for PHOENIX COMMUNITY DEVELOPMENT AND INVESTMENT CORPORATION

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