Pch Development Corporation FY2020 filing

Princeton, NJ · Supporting organization

✓ Tax-deductible
Revenue
$992K
Spent
$551K
To programs
71%
Net assets
$832K
By yearFY2020–FY2024
Revenue
$992K
FY2020
Revenue by fiscal year
FY2020$992K
FY2021$917K
FY2022$1.0M
FY2023$811K
FY2024$774K
Expenses
$551K
FY2020
Expenses by fiscal year
FY2020$551K
FY2021$664K
FY2022$1.2M
FY2023$645K
FY2024$758K
Net assets
$832K
FY2020
Net assets by fiscal year
FY2020$832K
FY2021$1.1M
FY2022$883K
FY2023$1.0M
FY2024$1.1M

From the FY2020 Form 990 · see the original

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

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CPch Development Corporation
EINHdr · item D22-2876697
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFAug 1989
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CPrinceton, NJ
NTEE classificationIRS BMFNonprofit

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.71 Management & general $0.25 Fundraising $0.04
Program services71%$393K
Management & general25%$136K
Fundraising4%$22K
Total functional expensesLn 25$551K

Financial health

Is it on solid ground?

Net inflow
+44%
revenue over expenses, this year
Pass-through gifts
46%
of revenue from contributions
Program spending
71%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Total assets
$869K
FY2020
Total assets by fiscal year
FY2020$869K
FY2021$1.1M
FY2022$900K
FY2023$1.1M
FY2024$1.1M
Total liabilities
$37K
FY2020
Total liabilities by fiscal year
FY2020$37K
FY2021$31K
FY2022$18K
FY2023$30K
FY2024$28K
Revenue less expensesPt I · Ln 19$441K
Total assetsPt X · Ln 16$869K
Program-expense ratioPt IX · col B71%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$146K
Total assetsLn 16$869K
Total liabilitiesLn 26$37K
Total net assetsLn 32$832K
Months of cash on handcomputed3.2

Statement of Revenue

Part VIII
Program service revenue$537K · 54%
Contributions & grants$455K · 46%
Program service revenue54%$537K
Contributions & grants46%$455K
Investment income$179
Total revenueLn 12$992K

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $146K · Operating expenses/yr $551K
3.2 months
Where the money goes
Program services
Program services $393K · Total expenses $551K
71%
Management & General
Management & general $136K · Total expenses $551K
25%
Fundraising
Fundraising $22K · Total expenses $551K
4%
Cost to raise $1
Fundraising expense $22K · Solicited contributions $455K
$0.05 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $455K · Total revenue $992K
46%
Government reliance
Government grants — · Total revenue $992K
—
Earned-income share
Program service revenue $537K · Total revenue $992K
54%
Investment reliance
Investment income $179 · Total revenue $992K
+0.02%
Program self-sufficiency
Program service revenue $537K · Total expenses $551K
97%
Growth & trend
Revenue growth (YoY)
This year $992K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $832K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $992K · Expenses $551K
+44%
Liabilities-to-Assets
Total liabilities — · Total assets $869K
—
Net-asset ratio
Net assets $832K · Total assets $869K
96%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $869K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Edward Truscelli · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $157K · Total expenses $551K
28%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $410K · Total expenses $551K
74%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 71%——
Overhead ratio 25%——
Fundraising cost ratio 5%——
Accounting fee ratio 2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$156,582Pt VII · Sec A
Finance Director
$120,644Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Outgoing Secretary
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Edward Truscelli$176,328$169,437$176,470$157,722$156,582
Katherine Bech$138,133————
Janet McClafferty$110,929$134,458$130,455$129,943$120,644
Kate Bech—$110,052———
Alicia Defreitas$93,448————

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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Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 13Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Develops and manages affordable housing for low and moderate-income people.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

1 program service account for $393K of program spending, described in the organization's own filed words · FY2020.
01

The organization provides management services to low and moderate income housing projects and seeks to create affordable housing in new jersey.

$393Kprogram expense

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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 · FY2024
Total grants receivedfrom 1 funder$152K

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $774K$758K-5% 990 PDF
FY2023 $811K$645K-20% 990 PDF
FY2022 $1.0M$1.2M+10% 990 PDF
FY2021 $917K$664K-8% 990 PDF
FY2020 Viewing $992K$551K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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