Phoenix Community Development and Investment Corporation
Phoenix Community Development and Investment Corporation
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About this organization
Mission
To alleviate poverty and combat community deterioration through serving or providing investment capital for qualified low-income communities through community development entities in accordance with Internal Revenue Code Section 45D and the Treasury Regulations thereunder.
About
New Markets Tax Credit Loan Program - to attract and provide funds for projects that will improve the quality of life of those individuals who live and work in underserved areas of the community.
Interesting data from their 2020 990 filing
From their filing, the objective of the non-profit is stated as “To alleviate poverty and combat community deterioration through serving or providing investment capital for qualified low-income communities through community development entities in accordance with internal revenue code section 45d and the treasury regulations thereunder.”.
When talking about its functions, they were outlined as: “To alleviate poverty and combat community deterioration through serving or providing investment capital for qualified low-income communities through community development entities in accordance with internal revenue code section 45d and the treasury regulations thereunder.”.
- The legally reported state of operation for the non-profit is AZ.
- According to the filing, the non-profit's address in 2020 is 251 W WASHINGTON STREET 9TH FLOOR, PHOENIX, AZ, 85003.
- The non-profit organization as of 2020 has a total of 0 employees reported on their form.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $2,786,140.
- The organization has 4 independent voting members.
- The organization was formed in 2002.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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