PRINCETON HOUSING AND COMMUNITY DEVELOPMENT CORPORATION

EIN: 880833568 501(c)(3) Housing & Shelter

PRINCETON, NJ

Total Revenue
$1,742,999
Total Expenses
$26,564
Total Assets
$1,731,435
Net Assets
$1,716,435
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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
2022
Legal Domicile
NJ
Principal Officer
Felicia A Spitz
Phone
6096389254
Tax Period
2024-01-01 to 2024-12-31

PRINCETON HOUSING AND COMMUNITY DEVELOPMENT CORPORATION, founded in 2022, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. The organization ran a surplus of $1.7M, a strong 98% operating margin.

Mission

PHCDC's mission is to provide very low, low, and moderate income residents in the greater Princeton community with quality, affordable housing facilities and services specifically designed to improve the quality of life for the residents, and to assist in the development, redevelopment and management of affordable housing including the rehabilitation and/or conversion of existing housing and the general improvement of housing conditions.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,720,000
Program Service Revenue $0
Investment Income $22,999
Other Revenue $0
TOTAL REVENUE $1,742,999

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,000
Other Expenses $26,564
TOTAL EXPENSES $26,564

Year-over-Year Comparison

2024 2023 Change
Revenue $1,742,999 N/A N/A
Expenses $26,564 N/A N/A
Net Income $1,716,435 N/A N/A
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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Felicia A Spitz Chairwoman 6.00
Officer Director
$0 $0 $0
Denny Velazquez VIce Chair 1.00
Officer Director
$0 $0 $0
Erika Peterson Secretary 1.00
Officer Director
$0 $0 $0
Ross Wishnick Treasurer 0.50
Officer Director
$0 $0 $0
Bernie Carr Trustee 0.50
Director
$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
2025 No data No data No data No data
2024 $1,742,999 $26,564 $1,731,435 $1,716,435
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