PIDC COMMUNITY CAPITAL

As filed

Subsection

03

NTEE code

S31Z

Classification

1000

Street

1500 MARKET ST STE 3500W

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Other organizations at this address

4 other organizations in the IRS Business Master File list the same street address. matched by us

This address is a suite or unit (STE 3500W). Organizations that share one are often clients of the same office-services firm, accountant or registered agent rather than related to each other.

We match the street line and ZIP code as the IRS gives them, ignoring case and outer spaces and nothing else, so "AVE" and "AVENUE" count as different streets and this list can miss some. A shared address can mean related organizations or a shared office, but it can also be a registered agent, a mail drop or a service provider holding mail for unrelated clients. It is not, by itself, evidence that two organizations are connected.

• PIDC-DEVELOPEMENT MANAGEMENT CORPORATION

  EIN 23-2176818

• PIDC FINANCING CORP

  EIN 36-4665239

• PIDC-LOCAL DEVELOPMENT CORPORATION

  EIN 30-0598934

• PIDC-PENN VENTURE FUND

  EIN 27-1585341

Mission and programs · 2024

• SEE SCHEDULE ONEW MARKETS TAX CREDIT (NMTC) PROGRAM:PIDC CC SUPPORTS HIGH IMPACT, TRANSFORMATIONAL PROJECTS THROUGH THENMTC PROGRAM. THE NMTC PROGRAM IS A FEDERAL TAX CREDIT PROGRAMDESIGNED TO GENERATE PRIVATE-SECTOR CAPITAL INVESTMENT IN LOW-INCOMEAREAS. THE PROGRAM PERMITS INDIVIDUAL AND CORPORATE TAXPAYERS TORECEIVE CREDIT AGAINST THEIR FEDERAL INCOME TAXES FOR MAKING QUALIFIEDEQUITY INVESTMENTS IN PROJECTS THAT FINANCE COMMUNITY DEVELOPMENT,STIMULATE GROWTH AND CREATE JOBS.PIDC ALLOCATED $32.5M OF NEW MARKET TAX CREDITS TO FOUR HIGH-IMPACTPROJECTS IN PHILADELPHIA. THE NMTC PROGRAM IS A US TREASURY PROGRAMWHICH UTILIZES FEDERAL TAX CREDITS TO ATTRACT PRIVATE INVESTMENT INLOW-INCOME COMMUNITIES. THESE PROJECTS CREATE QUALITY JOBS, PROVIDEESSENTIAL GOODS AND SERVICES, AND STIMULATE ADDITIONAL INVESTMENT INOUR NEIGHBORHOODS. PIDC HAS WON OVER $473 MILLION IN NMTC ALLOCATIONBETWEEN 2007 AND 2024 AND DEPLOYED $412.5 MILLION IN TAX CREDITALLOCATION SINCE 2007.DELAWARE VALLEY COMMUNITY HEALTH (DVCH), A COMMUNITY HEALTH CENTER THAT'S BEEN PROVIDING AFFORDABLE, ACCESSIBLE, AND CULTURALLY COMPETENT HEALTHCARE SERVICES THROUGHOUT THE DELAWARE VALLEY FOR OVER 50 YEARS, WITH THE GOAL OF EXPANDING TO ADD ITS FACILITIES TO IMPLEMENT A FAMILY MEDICINE RESIDENCY PROGRAM, MAKING THEM THE FIRST TEACHING HEALTH CARE CENTER IN PHILADELPHIA. THIS EXPANSION WILL ENHANCE ACCESS TO PRIMARY CARE, DENTAL AND BEHAVIORAL HEALTH SERVICES, ALLOWING THE CENTER TO INCREASE THE NUMBER OF PATIENTS SERVED ANNUALLY BY 30 PERCENT, FOR A TOTAL OF APPROXIMATELY 208,000 INDIVIDUALS. IT WILL ALSO RETAIN 133 FULL-TIME JOBS, CREATE ADDITIONAL 29 FULL-TIME JOBS, PLUS 37 CONSTRUCTION JOBS, MANY OF WHICH ARE ACCESSIBLE TO INDIVIDUALS WITHOUT A COLLEGE DEGREE. THESE ROLES PROVIDE LIVING WAGES, BENEFITS, AND STIMULATE ECONOMIC GROWTH WITHIN THE COMMUNITY, FURTHER SOLIDIFYING DVCH'S ESSENTIAL ROLE IN IMPROVING PUBLIC HEALTH AND ECONOMIC OPPORTUNITY. THE PROJECT RECEIVED $5 MILLION IN NMTC ALLOCATION FROM PIDC CC TO SUPPORT THE PROJECT.

  Expenses $7,920,970 · Revenue $95,846

• SEE SCHEDULE OSUPPORTING GROWING BUSINESSES:PIDC CC INVESTS FLEXIBLE, AFFORDABLE CAPITAL IN GROWING LOCALBUSINESSES THE BACKBONE OF OUR ECONOMY BECAUSE THEY CREATE JOBS,BUILD WEALTH FOR ENTREPRENEURS AND STABILIZE NEIGHBORHOODS. THROUGH AVARIETY OF FUNDING RESOURCES, EDUCATIONAL PROGRAMS, AND ONE-ON-ONETECHNICAL SUPPORT, PIDC FILLS CRITICAL GAPS FOR BUSINESS OWNERS ANDNONPROFIT LEADERS WHO LACK ACCESS TO TRADITIONAL CAPITAL. IN ADDITION,PIDC CC SUPPORTS DEVELOPERS PRODUCING TRANSFORMATIVE PROJECTS THAT HAVEA POSITIVE, LASTING IMPACT ACROSS THE CITY PROVIDING JOBS, SERVICES,AND AMENITIES. PIDC CC'S LOAN PORTFOLIO COMPRISES THE FOLLOWING LOANPRODUCTS: (1) WORKING CAPITAL AND EQUIPMENT LOANS: DESIGNED TO SUPPORTSMALL AND MIDSIZE BUSINESSES AND NONPROFITS THAT NEED TERM FINANCINGFOR WORKING CAPITAL, EQUIPMENT, OR LEASEHOLD IMPROVEMENTS. (2) CAPITALPROJECT LOANS: SUPPORT BUSINESSES AND NONPROFITS UNDERTAKING CAPITALPROJECTS SUCH AS BUILDING ACQUISITION, RENOVATION, LEASEHOLDIMPROVEMENTS, OR EQUIPMENT THAT NEED ADDITIONAL FINANCING TO COMPLETETHE PROJECT. (3) CONTRACT LINES OF CREDIT: SUPPORT SMALL, MINORITY,WOMEN AND DISABLED OWNED BUSINESSES THAT NEED LINES OF CREDIT TO FUNDCONTRACT RELATED WORKING CAPITAL. (4) NEIGHBORHOOD DEVELOPMENT LOANS:PROVIDE AFFORDABLE FINANCING TO FILL FUNDING GAPS FOR DEVELOPERS OFMIXED-USE, COMMERCIAL, AND INDUSTRIAL PROJECTS LOCATED THROUGHOUTPHILADELPHIA'S NEIGHBORHOODS. THIS PRODUCT TARGETS SMALL-SCALEDEVELOPERS THAT ARE COMPLETING DEVELOPMENT PROJECTS, WHICH GENERALLY HAVE PROJECT COSTS UNDER $5 MILLION. (5) COMMERCIAL MORTGAGE LOANS:PROVIDES SUPPORT TO SMALL BUSINESSES AND NONPROFITS THAT NEED FINANCINGTO PURCHASE BUILDINGS THAT THEY EITHER CURRENTLY OCCUPY OR INTEND TORELOCATE. THE COMMERCIAL MORTGAGE LOAN PRODUCT IS TARGETED TO SMALLBUSINESSES OWNED BY MINORITIES, WOMEN, IMMIGRANTS, VETERANS, OR OTHERDISADVANTAGED POPULATIONS, AS WELL AS NONPROFITS AND BUSINESSES LOCATEDIN LOW-INCOME COMMUNITIES.IN 2024, PIDC ORIGINATED $72.4 MILLION IN NEW LOANS TO 69 SMALL ANDMID-SIZED BUSINESSES, NONPROFITS, AND DEVELOPERS OF ALL SIZES THROUGH PROJECTS IN NEIGHBORHOODS IN PHILADELPHIA. OF THE NEW LOANS, $56.6 MILLION WAS INVESTED AS LEVERAGE TOWARDS TOTAL PROJECT COSTS AND $17.6 MILLION WAS INVESTED IN WOMEN-OWNED BUSINESSES. 85% OF ALL PIDC CORE LENDING WENT TO DIVERSE/MINORITYBUSINESS ENTERPRISES.PIDC CC PROVIDES FINANCING SOLUTION FOR SMALL BUSINESSES AND NONPROFITSSEEKING TO PURCHASE NEW OR EXISTING REAL ESTATE TO BUILD WEALTH, LIMITDISPLACEMENT, AND SUPPORT LONG-TERM GROWTH IN PHILADELPHIA. PAST YOUR BEDTIME CHILDCARE CENTER IS A KEYSTONE STARS LEVEL 4 CHILDCARE PROVIDER SERVING THE FAMILIES OF OVERBROOK FARMS WITH RELIABLE, SAFE, AND NUTURING CARE FOR VULNERABLE CHILDREN. PIDC SUPPORTED THE BUSINESS WITH A COMMERCIAL MORTGAGE LOAN TO HELP THEM ACQUIRE THE BUILDING THE DAYCARE IS LOCATED IN, ENSURING THAT THIS LONG STANDING BUSINESS PROVIDING VALUABLE SERVICES TO THE COMMUNITY AVOIDS DISPLACEMENT. PIDC CC ALSO PROVIDES AFFORDABLE WORKING CAPITAL FOR SMALL-, MINORITY-,WOMEN-, AND DISABLED-OWNED BUSINESSES SEEKING A LINE OF CREDIT TO FUNDCONTRACT-RELATED WORKING CAPITAL, INCLUDING LABOR, MATERIALS, ANDEQUIPMENT COSTS.IN 2024, WE CONTINUED OUR BUSINESS SUPPORT SERVICES EDUCATIONALWORKSHOPS, ONE-ON-ONE COUNSELING, CREDIT REPAIR, AND NETWORKING EVENTSDESIGNED TO SUPPORT BUSINESS GROWTH AND CONNECT PHILADELPHIA'S SMALLBUSINESS COMMUNITY TO TRUSTED KNOWLEDGE AND RESOURCES VIA WORKSHOPS.PIDC BUSINESS BUILDER WORKSHOPS ARE YEAR-ROUND WORKSHOPS WHICH PROVIDECRITICAL BUSINESS EDUCATION TO ENTREPRENEURS AND ORGANIZATIONS FROMEVERY INDUSTRY. PIDC HOSTED 29 WORKSHOPS WITH MORE THAN 700 HOURSDEDICATED TO COACHING AND CONSULTING SUPPORT FOR PIDC CLIENTS. TOPICS INCLUDED DEBT MANAGEMENT, PROJECT OVERSIGHT, BUYING AND FINANCING COMMERCIAL REAL ESTATE, FEDERAL GOVERNMENT CONTRACTING, AND BUSINESS EDUCATION AND MENTORING PROGRAMS.OF THE HOSTED WORKSHOPS, ELEVEN (11) WERE HELD IN SPANISH WHEREBY PIDCCONTINUED A SERIES OF SPANISH-LANGUAGE WORKSHOPS, AS STARTED IN 2022,AS A PART OF PIDC'S STRATEGY TO BETTER SERVE SPANISH-SPEAKINGENTREPRENEURS, ONE OF THE FASTEST GROWING BUSINESS GROUPS INPHILADELPHIA. THE SERIES IS PART OF PIDC'S BUSINESS BUILDER WORKSHOPS.TOPICS IN THE SERIES INCLUDED MENTAL HEALTH, BUILDING CREDIT, CITYRESOURCES, BUYING AND FINANCING COMMERCIAL REAL ESTATE, LEADERSHIP, AND MORE.

  Expenses $13,674,288 · Grants $17,957,757 · Revenue $3,019,757

• PROVISION FOR LOAN LOSS/ASC 326

  Expenses $230,358

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $25,966,988

  Expenses

  $22,093,275

  Contributions

  $20,494,813

  Grants paid

  $17,957,757

• 2023

  Revenue

  $7,672,949

  Expenses

  $1,779,857

  Contributions

  $3,207,304

  Grants paid

  $267,544

• 2022

  Revenue

  $11,497,750

  Expenses

  $1,736,303

  Contributions

  $6,774,371

  Grants paid

  $52,108

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $9,506,766

  Expenses

  $4,541,992

  Assets (EOY)

  $51,592,924

• 2020 · 990

  Revenue

  $12,672,507

  Expenses

  $8,097,009

  Assets (EOY)

  $37,764,394

• 2020 · 990-T

  Revenue

  — not reported

  Expenses

  — not reported

  Assets (EOY)

  — not reported

• 2019 · 990

  Revenue

  $5,026,657

  Expenses

  $2,577,863

  Assets (EOY)

  $30,338,279

• 2018 · 990

  Revenue

  $17,428,300

  Expenses

  $9,513,875

  Assets (EOY)

  $29,652,503

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $555,272

  Assets (EOY)

  $3,278,941

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

• JADE APPAREL CORPORATION

  $37,108

  2022 · LOAN FORGIVENESS

• SCHINA AND ASSOCIATES

  $36,000

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

• PEACOCK LABORATORIES

  $24,000

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

• DAILY AND ASSOCIATES

  $21,344

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

• KENSINGTON COMMUNITY

  $20,000

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

• WHITE SEAL CLEANERS& LA

  $20,000

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

• GREENLINE ACCESS CAPITAL

  $19,200

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

• MERZBACHER'S

  $11,500

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

• CASA PAPEL

  $10,000

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

• CUSTOM ARTS STUDIO LLC

  $10,000

  2023 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

The 10 largest by cash amount. The API serves every itemized grant.

Where these grants went next →

Grants received

• NATIONAL PHILANTHROPIC TR

  $15,185,297

  2022 · PUBLIC, SOCIETAL BENEFIT

• NATIONAL PHILANTHROPIC TR

  $12,777,255

  2024 · PUBLIC, SOCIETAL BENEFIT

• NATIONAL PHILANTHROPIC TR

  $12,350,148

  2023 · EDUCATION

• PENNSYLVANIA MICROENTERPRISE COALITION

  $3,457,947

  2024 · T/A & LOAN CAP ALLOC

• PENNSYLVANIA MICROENTERPRISE COALITION

  $1,985,000

  2022 · TECH ASSIST SSBCI

• PENNSYLVANIA MICROENTERPRISE COALITION

  $331,000

  2023 · TECHNICAL ASSISTANCE

• THE BLACKBAUD GIVING FUND

  $25,000

  2022 · GENERAL SUPPORT

• THE BLACKBAUD GIVING FUND

  $25,000

  2024 · GENERAL SUPPORT

• THE BLACKBAUD GIVING FUND

  $25,000

  2025 · GENERAL SUPPORT

• PIDC COMMUNITY CAPITAL

  $0

  2024 · PIDC CC IS AN AGENT FOR PROVIDING GOV'T GRANTS TO VARIOUS RECIPIENTS.

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Other IRS files