Progressive Change Community Development Corp FY2023 filing

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Progressive Change CDC's mission is to stand with the community in creative positive disruptive change. Our initiatives include community education programming and the support of early-stage, diverse, and low income small businesses.

Form 990 Part I, line 1, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1533911) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
37¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $27K a year · 13% of revenue · last 4 filings
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
37%
of spending
37% of spending went to programs.
Pt IX · Ln 25 · col B
19.5 mo
of spending, in cash
19.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $5K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$185K
85% of total assets
Liabilities are 85% of assets.
Pt X · Ln 26
Independent board members
5
of 5 voting members
5 of 5 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$218K
-25% vs prior year
Spent
$98K
To programs
37%
Net assets
$32K
By yearFY2022–FY2025
Revenue
$218K
FY2023▼ -25%
Tap a bar for its year
Revenue by fiscal year
FY2022$289K
FY2023$218K
FY2024$47K
FY2025$305K
Expenses
$98K
FY2023▼ -60%
Tap a bar for its year
Expenses by fiscal year
FY2022$248K
FY2023$98K
FY2024$207K
FY2025$196K
Net assets
$32K
FY2023▲ +136%
Tap a bar for its year
Net assets by fiscal year
FY2022−$87K
FY2023$32K
FY2024−$128K
FY2025−$19K

From the FY2023 Form 990 (year ending June 2023) · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2016-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Feb 2017.

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

Where the money goes

37 cents of each dollar spent went to programs.

Program services 37% · $37K Management & general 63% · $62K

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.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
See Progressive Change Community Development Corp executive salaries →

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 15aNo

Programs and updates

Empowering communities through education and supporting diverse, low-income small businesses for positive change.

Questions for Progressive Change Community Development Corp

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3 programs · $37K · in their own filed words · FY2022
01

Progressive Change CDC served as a co-developer of the Fourth District Container Village, raising funding to support marketing and operation expenses at a retail mall that was built out of refurbished freight shipping containers that housed early-stage small businesses, providing them with exposure, subsidized rent, and business advisory…

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1533911) · Dispute this line
$31Kprogram expense
02

Progressive Change CDC co-hosted a Real-Estate Day which provided information on first-time homebuyer grants, insurance for homeowners, mortgage options from local banks, a workshop on purchasing property from the City of Philadelphia, and energy-efficient rebates and grants to help homeowners bring down energy costs.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1533911) · Dispute this line
$5Kprogram expense
03

Progressive Change CDC partnered to provide pro-bono legal services and support to non-profit organizations and community groups.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1533911) · Dispute this line
$543program 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$5K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$218K
Ln 12
Gifts and grantsLn 1h$218K
Money outPt IX
$98K
Ln 25
Programscol B$37K
Managementcol C$62K
Owns and owesPt X
$32K
net assets · Ln 32
Cash and savingsLn 1–2$160K
Total assetsLn 16$217K
LiabilitiesLn 26$185K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$218K
Government grantsLn 1e$200K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$218K
Assets in detailPt X, end of year
SavingsLn 2$160K
Cash and savings togetherLn 1–2$160K
Prepaid expenses and deferred chargesLn 9$57K
Total assetsLn 16$217K
LiabilitiesLn 26$185K
Net assetsLn 32$32K
OperationsPt I, VI
EmployeesI 50
VolunteersI 621
Fiscal year endsHeaderJune
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 FY23End FY23
Cash and savingsLn 1–2$41K$160K
InvestmentsLn 11–13$0$0
Total assetsLn 16$98K$217K
LiabilitiesLn 26$185K$185K
Net assetsLn 32−$87K$32K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$543$543
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$0$0$0$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$58K$31K$27K$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$0$0$0$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$29K$5K$24K$0
Office expensesLn 13$0$0$0$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$6K$0$6K$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
Other expenses (24a–d)Ln 24$5K$0$5K$0
Total functional expensesLn 25$98K$37K$62K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jan 13, 2026 $305K$196K$109K−$19K 990 PDF
FY2024Filed with the IRS Oct 23, 2025 $47K$207K−$160K−$128K 990 PDF
FY2023 ViewingFiled with the IRS Nov 13, 2024 $218K$98K$119K$32K 990 PDF
FY2022Filed with the IRS Apr 29, 2024 $289K$248K$41K−$87K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2023 990
Part I · Summary $217,519 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $289,050$217,519
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $289,050$217,519
I-13 Grants and similar amounts paidPrior year $0$543
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $247,905$97,903
I-18 Total expensesPrior year $247,905$98,446
I-19 Revenue less expensesPrior year $41,145$119,073
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $217,519 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$200,000
VIII-1f All other contributions, gifts and grants$17,519
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$217,519
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$217,519
Part IX · Statement of functional expenses $98,446 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $543$543
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $0 · Management $0 · Fundraising $0$0
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $31,269 · Management $26,826 · Fundraising $0$58,095
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $5,000 · Management $23,825 · Fundraising $0$28,825
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $6,000 · Fundraising $0$6,000
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24 Other expenses (24a–d)Programs $0 · Management $4,983 · Fundraising $0$4,983
IX-25 Total functional expensesPrograms $36,812 · Management $61,634 · Fundraising $0$98,446
Part X · Balance sheet $217,245 assets, 28 lines filed
X-1 Cash, non-interest-bearingStart of year $0$0
X-2 Savings and temporary cash investmentsStart of year $41,145$160,218
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key people$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $57,027$57,027
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $98,172$217,245
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $185,409$185,409
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $185,409$185,409
X-27 Net assets without donor restrictionsStart of year −$87,237$31,836
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year −$87,237$31,836
X-33 Total liabilities and net assetsStart of year $98,172$217,245
Part XI · Reconciliation of net assets $31,836 net assets at year end
XI-1 Total revenue$217,519
XI-2 Total expenses$98,446
XI-3 Revenue less expenses$119,073
XI-4 Net assets at start of year−$87,237
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$31,836

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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