Pch Development Corporation FY2021 filing

Tax-deductible

Princeton, NJ501(c)(3)EIN 22-2876697

The organization's mission is to find opportunities to create and manage affordable housing for low and moderate income individuals and to provide management sevices for low and moderate income housing projects.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
$288K 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

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Is it a real charity?
501(c)(3)
not on the IRS revocation list
IRS BMF · Auto-Revocation List
Are gifts tax-deductible?
Yes
Donations are tax-deductible
IRS Pub. 78 · IRS BMF
Is it filing on time?
FY2024
latest Form 990
IRS e-file · Filing history
Is it financially stable?
4 of 5
years in the black
Pt I · Ln 19 · 5 filings
How much reaches the programs?
73%
of spending
Pt IX · Ln 25 · col B
What are leaders paid?
$288K
to officers and key staff · 43% of spending
Pt VII · Sec A
Do they have reserves?
3 mo
of spending, in cash
Pt X · Ln 1–2 · Pt I · Ln 18
Who is supporting them already?
1
named funder · $152K
Funders’ Sch. I, 990-PF
Do they carry debt?
$31K
liabilities
Pt X · Ln 26
Who oversees it?
13
independent of 13 voting board members
Pt VI · Ln 1a–1b
Revenue
$917K
-8% vs prior year
Spent
$664K
To programs
73%
Net assets
$1.1M
By yearFY2020–FY2024
Revenue
$917K
FY2021▼ -8%
Revenue by fiscal year
FY2020$992K
FY2021$917K
FY2022$1.0M
FY2023$811K
FY2024$774K
Expenses
$664K
FY2021▲ +21%
Expenses by fiscal year
FY2020$551K
FY2021$664K
FY2022$1.2M
FY2023$645K
FY2024$758K
Net assets
$1.1M
FY2021▲ +30%
Net assets by fiscal year
FY2020$832K
FY2021$1.1M
FY2022$883K
FY2023$1.0M
FY2024$1.1M

From the FY2021 Form 990 · see the original

Give Claim
You’re viewing the FY2021 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 $0.73 Management & general $0.26 Fundraising $0.00
Program services73%$488K
Management & general26%$175K
Fundraising$823
Total functional expensesLn 25$664K

Financial health

Is it on solid ground?

Net inflow
+28%
revenue over expenses, this year
Pass-through gifts
40%
of revenue from contributions
Program spending
73%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$1.1M
FY2021▲ +28%
Total assets by fiscal year
FY2020$869K
FY2021$1.1M
FY2022$900K
FY2023$1.1M
FY2024$1.1M
Total liabilities
$31K
FY2021▼ -17%
Total liabilities by fiscal year
FY2020$37K
FY2021$31K
FY2022$18K
FY2023$30K
FY2024$28K
Revenue less expensesPt I · Ln 19$253K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Balance Sheet

Part X · end of year
CashLn 1$176K
Total assetsLn 16$1.1M
Total liabilitiesLn 26$31K
Total net assetsLn 32$1.1M
Months of cash on handcomputed3.2

Statement of Revenue

Part VIII
Program service revenue$548K · 60%
Contributions & grants$369K · 40%
Program service revenue60%$548K
Contributions & grants40%$369K
Investment income$193
Total revenueLn 12$917K

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $176K · Operating expenses/yr $664K
3.2 months
Where the money goes
Program services
Program services $488K · Total expenses $664K
73%
Management & General
Management & general $175K · Total expenses $664K
26%
Fundraising
Fundraising $823 · Total expenses $664K
0.1%
Cost to raise $1
Fundraising expense (2-yr avg) $11K · Solicited contributions (2-yr avg) $412K
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $369K · Total revenue $917K
40%
Government reliance
Government grants — · Total revenue $917K
—
Earned-income share
Program service revenue $548K · Total revenue $917K
60%
Investment reliance
Investment income $193 · Total revenue $917K
+0.02%
Program self-sufficiency
Program service revenue $548K · Total expenses $664K
82%
Growth & trend
Revenue growth (YoY)
This year $917K · Prior year $992K
-8%
Net-asset trend (YoY)
End of year $1.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $917K · Expenses $664K
+28%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
—
Net-asset ratio
Net assets $1.1M · Total assets $1.1M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Edward Truscelli · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $158K · Total expenses $664K
24%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $526K · Total expenses $664K
79%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 26%——
Fundraising cost ratio 0.2%——
Revenue growth -8%——
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
$157,722Pt VII · Sec A
Finance Director
$129,943Pt 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
Board Member
$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.

See Pch Development Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

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

This section is blank until Pch Development Corporation claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $488K of program spending, described in the organization's own filed words · FY2021.
01

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

$488Kprogram expense

Run this program? Claim this org to tell your story

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 Viewing $917K$664K-8% 990 PDF
FY2020 $992K$551K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Pch Development Corporation →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.