Skip to content
Nonprofiteer
← PHILADELPHIA CHINATOWN DEVELOPMENT CORP CHINATOWN COMMUNITY PARK

Form 990 for tax year 2022

Filed by PHILADELPHIA CHINATOWN DEVELOPMENT CORP CHINATOWN COMMUNITY PARK.

Totals

Total revenue
$2,537,285
Total expenses
$2,153,879
Contributions and grants received
$1,695,151
Grants paid
$0
Program service revenue
$859,888
Investment income
$0
Other revenue
-$17,754
Total assets, end of year
$24,095,150
Total liabilities, end of year
$6,514,865
Net assets or fund balances, end of year
$17,580,285
Program services expenses (Part IX)
$1,774,516
Management and general expenses
$379,352
Fundraising expenses
$11
Program service expenses (Part III)
$1,774,516

Program services were 82.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $312,664

  • 1e · Government grants (contributions)

    $970,679

  • 1f · All other contributions, gifts and grants

    $411,808

  • 2a · Program service revenue: RENTAL INCOME

    total $573,761 · related or exempt $573,761

  • 2b · Program service revenue: INTEREST INCOME FROM P

    total $269,433 · related or exempt $269,433

  • 2c · Program service revenue: PROGRAM SERVICE FEES

    total $16,694 · related or exempt $16,694

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $233,119

  • 8b · Fundraising events: direct expenses

    $33,948

  • 8c · Net income from fundraising events

    total -$33,948 · excluded -$33,948

  • 11a · Other revenue: MISCELLANEOUS

    total $16,194 · excluded $16,194

  • 11e · Other revenue, total

    $16,194

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $87,633 · program services $74,488 · management and general $13,145

  • 7 · Other salaries and wages

    total $718,885 · program services $662,524 · management and general $56,361

  • 9 · Other employee benefits

    total $53,043 · management and general $53,043

  • 10 · Payroll taxes

    total $67,925 · program services $35,058 · management and general $32,867

  • 11g · Fees: other

    total $69,317 · program services $19,151 · management and general $50,166

  • 12 · Advertising and promotion

    total $700 · management and general $700

  • 13 · Office expenses

    total $35,029 · program services $9,351 · management and general $25,667 · fundraising $11

  • 16 · Occupancy

    total $503,320 · program services $454,638 · management and general $48,682

  • 20 · Interest

    total $171,035 · program services $153,786 · management and general $17,249

  • 23 · Insurance

    total $40,158 · management and general $40,158

  • 24a · Other expenses: PROJECT EXPENSES

    total $344,660 · program services $343,637 · management and general $1,023

  • 24b · Other expenses: EQUIPMENT LEASE & MAINT

    total $33,284 · program services $15,107 · management and general $18,177

  • 24c · Other expenses: BANK CHARGES

    total $15,889 · program services $360 · management and general $15,529

  • 24d · Other expenses: OTHER

    total $7,501 · program services $916 · management and general $6,585

  • 24e · All other expenses

    total $5,500 · program services $5,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,550,746 · end of year $442,731

  • 2 · Savings and temporary cash investments

    beginning of year $1,714,880 · end of year $6,362,555

  • 3 · Pledges and grants receivable

    beginning of year $523,455 · end of year $498,455

  • 4 · Accounts receivable

    beginning of year $734,132 · end of year $309,692

  • 9 · Prepaid expenses and deferred charges

    beginning of year $100,135 · end of year $100,135

  • 10a · Land, buildings and equipment: cost or other basis

    $2,987,514

  • 10b · Land, buildings and equipment: accumulated depreciation

    $496,993

  • 10c · Land, buildings and equipment, net

    beginning of year $2,326,763 · end of year $2,490,521

  • 13 · Investments: program-related

    beginning of year $12,285,249 · end of year $13,891,061

  • 17 · Accounts payable and accrued expenses

    beginning of year $709,266 · end of year $611,198

  • 19 · Deferred revenue

    beginning of year $468,163 · end of year $963,995

  • 23 · Secured mortgages and notes payable

    beginning of year $4,839,095 · end of year $4,653,932

  • 25 · Other liabilities

    beginning of year $286,835 · end of year $285,740

  • 27 · Net assets without donor restrictions

    beginning of year $12,896,073 · end of year $15,544,357

  • 28 · Net assets with donor restrictions

    beginning of year $2,035,928 · end of year $2,035,928

Mission and programs · 2022

Mission

THE CORPORATION'S MISSION INCLUDES, BUT IS NOT LIMITED TO, COMBATING COMMUNITY DETERIORATION WITHIN CHINATOWN; PRESERVING AND DEVELOPING THE CHINATOWN COMMUNITY; LEADING THE COMMUNITY IN NEIGHBORHOOD PLANNING, CONSIDERING LAND USE, AND ADDRESSING ZONING LAWS; SERVING THE RESIDENTS OF CHINATOWN, ESPECIALLY IN THE AREA OF PROVIDING AFFORDABLE HOUSING, AND PROMOTING EDUCATION PROGRAMS TO INCREASE THE GENERAL PUBLIC'S AWARENESS OF CHINESE AMERICAN CULTURE.

Activities or mission (Part I)

PCDC PROVIDES BILINGUAL, CULTURALLY SENSITIVE ASSISTANCE AND SERVICES TO CLIENTS IN PHILADELPHIA'S CHINATOWN NEIGHBORHOOD.

  • HOUSING DEVELOPMENT - PCDC HAS DEVELOPED OVER 500 UNITS OF MIXED-USE AND MIXED-INCOME HOUSING, ELIMINATES BLIGHT, PARTICULARLY IN CHINATOWN NORTH, AND BRINGS EQUITABLE DEVELOPMENT IN A TRANSITIONING NEIGHBORHOOD. IN 2019, PCDC COMPLETED THE MIXED USE (RESIDENTIAL, OFFICE, RETAIL, EDUCATION, RECREATION AND CULTURE) CRANE COMMUNITY CENTER AND RESIDENCE. IN 2020, PCDC OPENED NORTH FAMILY HOMES, WHICH IS A 13-UNIT APARTMENT, WITH SUPPORT FROM PHILADELPHIA HOUSING AUTHORITY AND FEDERAL HOME LOAN BANK OF PITTSBURGH. IN 2021, PCDC DEVELOPED 8 UNITS OF AFFORDABLE HOUSING ON BLIGHTED LAND AT 624 AND 632 N 12TH STREETS. IN 2022, PCDC WILL DEVELOP 8 UNITS OF AFFORDABLE HOUSING ON BLIGHTED LAND AT 610, 636, AND 649 N 11TH STREETS.

    Expenses $412,908 · Revenue $859,888

  • CRANE CENTER - THE MISSION OF THE CRANE CENTER IS TO SERVE AS THE COMMUNITY CENTER FOR CHINATOWN AND THE CHINESE CULTURAL CENTER FOR GREATER PHILADELPHIA. THE CENTER IS A MULTI-USE COMMUNITY CENTER, WHICH OFFERS HIGH-QUALITY RECREATION CENTER FOR COMMUNITY SPORTS, EDUCATION SERVICES, AND SOCIAL AND CULTURAL EVENTS. THE CENTER OFFERS CLASSES, EVENTS AND PROGRAMS, A STATE-OF-THE-ART GYMNASIUM FOR BASKETBALL, VOLLEYBALL, BADMINTON AND PING PONG. THE CENTER HOSTS YOUTH, HOUSING AND FAMILY SERVICE PROGRAMS. IT OFFERS HOUSING COUNSELING AND FINANCIAL COUNSELING PROGRAMS TARGETING LOW-INCOME FAMILIES AND SENIORS. IT OFFERS A DEVELOPMENT TRACK FOR HIGH SCHOOL YOUTH TO PURSUE POST SECONDARY EDUCATION.

    Expenses $845,703

  • HOUSING AND FAMILY SERVICES - PCDC'S HOUSING AND FAMILY SERVICES PROGRAMS PROVIDES DIRECT AND REFERRAL SERVICES, INFORMATION, TRANSLATION, COUNSELING AND UNEMPLOYMENT ASSISTANCE. PCDC STRIVES TO CLOSE THE GAP BETWEEN COMMUNITY NEED AND AWARENESS OF PUBLIC SERVICES AND BENEFITS THROUGH OUR DIRECT SERVICE AND REFERRAL PROGRAMS. PCDC'S STAFF IS TRAINED TO DELIVER SOCIAL SERVICES. PCDC ALSO OFFERS AN ANNUAL VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM THAT HELPS FAMILIES TO OBTAIN THEIR REFUNDS AND TAX CREDITS.

    Expenses $315,760

  • MAIN STREET PROGRAM - $105,255YOUTH PROGRAMS - $32,337PLANNING & ADVOCACY - $62,553

    Expenses $200,145

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mr Martin Chan

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Ms Margaret Chin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Mr Philip Wan

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Ms Shirley Moy

    RECORDING SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ms Katherine Ngee

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Ms Lorraine Lew

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr Harry Leong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr Michael Chow

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ms Florence Tang

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ms Wai Man Ip

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr Gary Ng

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr Philip Sheau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ms Carol Wong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Ms Cecilia Moy Yep

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Mr John Chin

    EXECUTIVE DIRECTOR

    Total calculated
    $99,905
    From this org
    $87,633
    From related orgs
    $0
    Other
    $12,272
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ETCC GP INC

    501(C)(3) · TO DEVELOP/CONSTRUCT/MANAGE EASTERN TOWER PROJECT · PA

    Directly controlled by PHILADELPHIA CHINATOWN DEVELOPMENT CORP

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PCDC COMMUNITY CAPITAL PARTNERS LLC

    RELATED · COMMERCIAL/RESIDENTIAL RENTAL PROPERTY · PA · 0.55% owned · general or managing partner

    Directly controlled by PHILADELPHIA CHINATOWN DEVELOPMENT CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • 810 PING AN DEVELOPMENT CORPORATION

    C · COMMERCIAL/RESIDENTIAL RENTAL PROPERTY · PA · 100% owned · controlled entity

    Directly controlled by PHILADELPHIA CHINATOWN DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 August 2024
IRS schema version
2022v5.0
Source object
202422289349301467

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.