Premier Community Development Corporation FY2020 filing

Tax-deductible

Plainfield, NJ501(c)(3)HousingEIN 20-8296546Revenue $506K in FY2020

On file with the IRSpcdcnj.org510 East Front Street, 07060-1450 · Plainfield, NJTax-exempt since Jun 2008Publicly supported charity — 170(b)(1)(A)(vi)

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The plainfield Community Development Corporation (pcdc) is an affiliate of the housing authority of plainfield working in conjunction with the city of plainfield to improve neighborhoods for local residents. Pcdc focuses on the Development and rehabilitation of quality housing for the improvement of family lives in urban communities.

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
$1K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $148K a year · 67% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1K
to officers and key staff · 1% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
21 mo
of spending, in cash
Looks good: 20.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $65K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$266K
25% of total assets
Looks good: liabilities are 25% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$506K
Spent
$98K
To programs
58%
Net assets
$821K
By yearFY2020–FY2024
Revenue
$506K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$506K
FY2021−$164K
FY2022$37K
FY2023$354K
FY2024$370K
Expenses
$98K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$98K
FY2021$65K
FY2022$56K
FY2023$49K
FY2024$95K
Net assets
$821K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$821K
FY2021$592K
FY2022$548K
FY2023$853K
FY2024$1.1M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $57K Management & general 42% · $41K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990; $1K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$1,350Pt VII · Sec A
Vice-Chairpe
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary\tr
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A

Georgette Barnes’s $1K as Executive Di is at the 1st percentile of top reported officer pay among 852 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2022FY2021FY2020
Georgette Barnes$1,050$4,500$1,350

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops and rehabilitates quality housing to improve urban neighborhoods and family lives.

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Provided by the organization

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2 programs · $57K · in their own filed words · FY2020
01

Provide quality affordable housing for moderate and low income families living in the city of plainfield and surrounding urban areas. Income limitations and definitions established by hud guidelines by county.

$53Kprogram expense
02

Organization has several community and youth initiatives to provides programs, activities and services that promote both a positive, healthy community and develop healthy, capable young people and families.

$4Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$65K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$506K
Ln 12
Gifts and grantsLn 1h$355K
Fees for servicesLn 2g$131K
Investment incomeLn 3$20K
Money outPt IX
$98K
Ln 25
Programscol B$57K
Managementcol C$41K
Owns and owesPt X
$821K
net assets · Ln 32
Cash and savingsLn 1–2$169K
Total assetsLn 16$1.1M
LiabilitiesLn 26$266K
PeoplePt VI, VII
6
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$355K
Government grantsLn 1e$1K
Fees for servicesLn 2g$131K
Investment incomeLn 3$20K
Gains on assetsLn 7$20K
Total revenueLn 12$506K
Assets in detailPt X, end of year
CashLn 1$114K
SavingsLn 2$55K
Cash and savings togetherLn 1–2$169K
Land, buildings, equipmentLn 10c$919K
Other assetsLn 15−$766
Total assetsLn 16$1.1M
LiabilitiesLn 26$266K
Net assetsLn 32$821K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$76K$169K
Land, buildings, equipmentLn 10c$1.5M$919K
Total assetsLn 16$1.6M$1.1M
LiabilitiesLn 26$1.1M$266K
Net assetsLn 32$413K$821K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1K$1K$338
Other salaries and wagesLn 7$5K$2K$2K
Payroll taxesLn 10$166$124$42
Management feesLn 11a$20K$20K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$3K$2K$686
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$1K$60$1K
OccupancyLn 16$13K$13K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$21K$21K
All other expensesLn 24e$3K$3K$50
Total functional expensesLn 25$98K$57K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $370K$95K$275K$1.1M 990 PDF
FY2023 $354K$49K$305K$853K 990 PDF
FY2022 $37K$56K−$18K$548K 990 PDF
FY2021 −$164K$65K−$229K$592K 990 PDF
FY2020 Viewing $506K$98K$408K$821K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $505,575 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $8,466$354,540
I-9 Program service revenuePrior year $161,691$130,547
I-10 Investment incomePrior year $65$20,488
I-11 Other revenue$0
I-12 Total revenuePrior year $170,222$505,575
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $4,092$6,216
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $161,724$91,609
I-18 Total expensesPrior year $165,816$97,825
I-19 Revenue less expensesPrior year $4,406$407,750
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $505,575 across 7 lines filed
Lines not itemized here account for $350 of total revenue; see the IRS return.
VIII-1e Government grants$1,390
VIII-1f All other contributions, gifts and grants$353,150
VIII-1h Total contributions, gifts and grants$354,540
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $24,644 · Excluded from tax $105,553$130,197
VIII-3 Investment incomeExcluded from tax $114$114
VIII-7 Net gain or loss on sales of assetsRelated to mission $20,374$20,374
VIII-12 Total revenueRelated to mission $45,018 · Excluded from tax $106,017$505,575
Part IX · Statement of functional expenses $97,825 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $1,012 · Management $338$1,350
IX-7 Other salaries and wagesPrograms $2,350 · Management $2,350$4,700
IX-10 Payroll taxesPrograms $124 · Management $42$166
IX-11a Management feesManagement $20,000$20,000
IX-11b Legal feesPrograms $1,978$1,978
IX-11c Accounting feesManagement $13,500$13,500
IX-11g Other fees for servicesPrograms $2,059 · Management $686$2,745
IX-12 Advertising and promotionPrograms $4,115$4,115
IX-13 Office expensesPrograms $60 · Management $1,234$1,294
IX-16 OccupancyPrograms $12,669$12,669
IX-20 InterestPrograms $3,271$3,271
IX-22 Depreciation, depletion and amortizationPrograms $5,638$5,638
IX-23 InsuranceManagement $2,465$2,465
IX-24 Other expenses (24a–d)Programs $20,892$20,892
IX-24e All other expensesPrograms $2,992 · Management $50$3,042
IX-25 Total functional expensesPrograms $57,160 · Management $40,665 · Fundraising $0$97,825
Part X · Balance sheet $1,087,173 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $76,013$114,407
X-2 Savings and temporary cash investments$55,020
X-10c Land, buildings and equipment, netStart of year $1,467,548$918,512
X-15 Other assetsStart of year $8,442−$766
X-16 Total assetsStart of year $1,557,006$1,087,173
X-17 Accounts payable and accrued expensesStart of year $64,662$41,452
X-19 Deferred revenueStart of year $198,720$225,495
X-25 Other liabilitiesStart of year $344,101−$507
X-26 Total liabilitiesStart of year $1,144,027$266,444
X-27 Net assets without donor restrictionsStart of year $412,979$820,729
X-32 Total net assets or fund balancesStart of year $412,979$820,729
X-33 Total liabilities and net assetsStart of year $1,557,006$1,087,173
Part XI · Reconciliation of net assets $820,729 net assets at year end
XI-1 Total revenue$505,575
XI-2 Total expenses$97,825
XI-3 Revenue less expenses$407,750
XI-4 Net assets at start of year$412,979
XI-10 Net assets at end of year$820,729

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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