PREMIER COMMUNITY DEVELOPMENT CORP… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2007

Legal Domicile

Principal Officer

RANDALL WOOD

Phone

9087696335

Tax Period

2023-01-01 to 2023-12-31

PREMIER COMMUNITY DEVELOPMENT CORPORATION, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $354K in total revenue in fiscal year 2023. Revenue surged 846% from the prior year, signaling strong growth momentum. The organization ran a surplus of $305K, a strong 86% operating margin.

Mission

THE PLAINFIELD COMMUNITY DEVELOPMENT CORPORATION (PCDC) IS AN AFFILIATE OF THE HOUSING AUTHORITY OF PLAINFIELD WORKING IN CONJUNCTION WITH THE CITY OF PLAINFIELD TO IMPROVE NEIGHBORHOODS FOR LOCAL RESIDENTS. PCDC FOCUSES ON THE DEVELOPMENT AND REHABILITATION OF QUALITY HOUSING FOR THE IMPROVEMENT OF FAMILY LIVES IN URBAN COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $9,176

PROVIDE QUALITY AFFORDABLE HOUSING FOR MODERATE AND LOW INCOME FAMILIES LIVING IN THE CITY OF PLAINFIELD AND SURROUNDING URBAN AREAS. INCOME LIMITATIONS AND DEFINITIONS ESTABLISHED BY HUD GUIDELINES BY COUNTY. A PERSON IS CONSIDERED TO BE OF LOW INCOME ONLY IF HE OR SHE IS A MEMBER OF A HOUSEHOLD WHOSE INCOME WOULD QUALIFY AS "VERY LOW INCOME" UNDER THE SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM. GENERALLY, THESE SECTION 8 LIMITS ARE BASED ON 50% OF AREA MEDIAN. SIMILARLY,MODERATE INCOME RELIES ON SECTION 8 "LOWER INCOME" LIMITS, WHICH ARE GENERALLY TIED TO 80% OF AREA MEDIAN. PROVIDE HOMEBUYER ASSISTANCE IN THE PURCHASE OF PROPERTY DEVELOPED FOR MODERATE AND LOW INCOME FAMILIES. ADDITIONALLY, ORGANIZATION HAS SEVERAL COMMUNITY AND YOUTH INITIATIVES TO PROVIDES PROGRAMS, ACTIVITIES AND SERVICES THAT PROMOTE BOTH A POSITIVE, HEALTHY COMMUNITY AND DEVELOP HEALTHY, CAPABLE YOUNG PEOPLE AND FAMILIES.

Program 2

ORGANIZATION HAS SEVERAL COMMUNITY AND YOUTH INITIATIVES TO PROVIDES PROGRAMS, ACTIVITIES AND SERVICES THAT PROMOTE BOTH A POSITIVE, HEALTHY COMMUNITY AND DEVELOP HEALTHY, CAPABLE YOUNG PEOPLE AND...

ORGANIZATION HAS SEVERAL COMMUNITY AND YOUTH INITIATIVES TO PROVIDES PROGRAMS, ACTIVITIES AND SERVICES THAT PROMOTE BOTH A POSITIVE, HEALTHY COMMUNITY AND DEVELOP HEALTHY, CAPABLE YOUNG PEOPLE AND FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,350

Program Service Revenue $351,227

Investment Income $1,843

Other Revenue $0

TOTAL REVENUE $354,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $9,176

Other Expenses $49,136

TOTAL EXPENSES $49,136

Year-over-Year Comparison

	2023	2022	Change
Revenue	$354,420	$37,484	+8.5%
Expenses	$49,136	$55,665	-0.1%
Net Income	$305,284	$-18,181	-17.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGETTE BARNES	EXECUTIVE DI	2.00	Director	$0	$0	$0
PETER BRIGGS	VICE-CHAIRPE	1.00	Director	$0	$0	$0
GEORGE B GORE	DIRECTOR	1.00	Director	$0	$0	$0
KIM MONTFORD	DIRECTOR	1.00	Director	$0	$0	$0
BARRY F PERSON	DIRECTOR	1.00	Director	$0	$0	$0
HATTIE WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
RANDALL WOOD	CHAIRPERSON	4.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$354,420	$49,136	$862,374	$305,284
2022	$37,484	$55,665	$557,184	$-18,181
2021	$-163,859	$64,906	$805,537	$-228,765
2020	$505,575	$97,825	$1,087,173	$407,750
2019	$170,222	$165,816	$1,557,006	$4,406
2018	$252,165	$289,883	$1,608,956	$-37,718

PREMIER COMMUNITY DEVELOPMENT CORPORATION