PHILADELPHIA CHINATOWN DEVELOPMENT CORPORATION

EIN: 237439723 501(c)(3) Community Improvement

PHILADELPHIA, PA

Total Revenue
$4,455,493
Total Expenses
$2,841,247
Total Assets
$25,182,380
Net Assets
$19,194,531
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
PA
Principal Officer
JOHN CHIN
Phone
2159222156
Tax Period
2023-10-01 to 2024-09-30

PHILADELPHIA CHINATOWN DEVELOPMENT CORPORATION, founded in 1969, is a community nonprofit in the Community Improvement sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.6M, a strong 36% operating margin.

Mission

THE CORPORATION'S MISSION INCLUDES, BUT IS NOT LIMITED TO, COMBATINGCOMMUNITY DETERIORATION WITHIN CHINATOWN; PRESERVING AND DEVELOPINGTHE CHINATOWN COMMUNITY; LEADING THE COMMUNITY IN NEIGHBORHOODPLANNING, 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.

Program Service Accomplishments

Program 1
Expenses: $580,275 Revenue: $890,581

HOUSING DEVELOPMENT - PCDC HAS DEVELOPED OVER 500 UNITS OF MIXED-USEAND MIXED-INCOME HOUSING, ELIMINATES BLIGHT, PARTICULARLY IN CHINATOWNNORTH, AND BRINGS EQUITABLE DEVELOPMENT IN A...

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

Program 2
Expenses: $1,211,004

CRANE CENTER - THE MISSION OF THE CRANE CENTER IS TO SERVE AS THE COMMUNITY CENTER FOR CHINATOWN AND THE CHINESE CULTURAL CENTER FORGREATER PHILADELPHIA, THE CENTER IS A MULTI-USE COMMUNITY CENTER...

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CRANE CENTER - THE MISSION OF THE CRANE CENTER IS TO SERVE AS THE COMMUNITY CENTER FOR CHINATOWN AND THE CHINESE CULTURAL CENTER FORGREATER PHILADELPHIA, THE CENTER IS A MULTI-USE COMMUNITY CENTER, WHICHOFFERS HIGH-QUALITY RECREATION CENTER FOR COMMUNITY SPORTS, EDUCATIONSERVICES, 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, HOUSINGAND FAMILY SERVICE PROGRAMS, IT OFFERS HOUSING COUNSELING AND FINANCIALCOUNSELING PROGRAMS TARGETING LOW-INCOME FAMILIES AND SENIORS, ITOFFERS A DEVELOPMENT TRACK FOR HIGH SCHOOL YOUTH TO PURSUE POST SECONDARY EDUCATION.

Program 3
Expenses: $454,127

HOUSING AND FAMILY SERVICES - PCDC'S HOUSING AND FAMILY SERVICESPROGRAMS PROVIDES DIRECT AND REFERRAL SERVICES, INFORMATION,TRANSLATION, COUNSELING AND UNEMPLOYMENT ASSISTANCE, PCDC STRIVES TOCLOSE...

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HOUSING AND FAMILY SERVICES - PCDC'S HOUSING AND FAMILY SERVICESPROGRAMS PROVIDES DIRECT AND REFERRAL SERVICES, INFORMATION,TRANSLATION, COUNSELING AND UNEMPLOYMENT ASSISTANCE, PCDC STRIVES TOCLOSE THE GAP BE'RWEEN COMMUNITY NEED AND AWARENESS OF PUBLIC SERVICESAND BENEFITS THROUGH OUR DIRECT SERVICE AND REFERRAL PROGRAMS, PCDC'SSTAFF IS TRAINED TO DELIVER SOCIAL SERVICES, PCDC ALSO OFFERS ANANNUAL VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM THAT HELPSFAMILIES TO OBTAIN THEIR REFUNDS AND TAX CREDITS.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,243,998
Program Service Revenue $890,581
Investment Income $0
Other Revenue $320,914
TOTAL REVENUE $4,455,493

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,186,458
Fundraising Expenses $0
Program Expenses $2,522,925
Other Expenses $1,654,789
TOTAL EXPENSES $2,841,247

Year-over-Year Comparison

2023 2022 Change
Revenue $4,455,493 $2,537,285 +0.8%
Expenses $2,841,247 $2,153,879 +0.3%
Net Income $1,614,246 $383,406 +3.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
48
Volunteers
130

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
6
$98,172
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MS MARGARENT CHIN VICE CHAIR 2.00
Officer Director
$0 $0 $0
MS SHIRLEY MOY REC SECRETARY 2.00
Officer Director
$0 $0 $0
MS KATHERINE NGEE SECRETARY 2.00
Officer Director
$0 $0 $0
MR PHILLIP WAN TREASURER 2.00
Officer Director
$0 $0 $0
MS LORRAINE LEW BOARD MEMBER 2.00
Director
$0 $0 $0
MR MARTIN CHAN BOARD CHAIR 2.00
Officer Director
$0 $0 $0
MR HARRY LEONG BOARD MEMBER 2.00
Director
$0 $0 $0
MR MICHAEL CHOW BOARD MEMBER 2.00
Director
$0 $0 $0
MS FLORENCE TANG BOARD MEMBER 2.00
Director
$0 $0 $0
MS WAI MAN IP BOARD MEMBER 2.00
Director
$0 $0 $0
MR GARY NG BOARD MEMBER 2.00
Director
$0 $0 $0
MR PHILLIP SHEAU BOARD MEMBER 2.00
Director
$0 $0 $0
MS CAROL WONG BOARD MEMBER 2.00
Director
$0 $0 $0
MS PAULINE MARKEY BOARD MEMBER 2.00
Director
$0 $0 $0
MS CECILIA MOY YEP EMERITUS BOARD MEMBER 2.00
Director
$0 $0 $0
MR JOHN CHIN EXECUTIVE DIRECTOR 40.00
Officer
$86,116 $12,056 $98,172
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 $4,455,493 $2,841,247 $25,182,380 $1,614,246
2023 $2,537,285 $2,153,879 $24,095,150 $383,406
2022 $5,220,135 $1,997,812 $21,235,360 $3,222,323
2021 $4,027,895 $1,832,789 $22,012,697 $2,195,106
2020 $1,258,161 $1,591,493 $21,685,841 $-333,332
2019 $3,128,895 $1,600,137 $25,969,980 $1,528,758
2018 $7,117,291 $1,095,857 $24,002,982 $6,021,434
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