Pch Village Inc

Nonprofit profile at a glance

EIN
222085939
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2020
Location
Princeton, NJ, USA
Phone
6099243822
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$23,600
Expenses
$258,058
Assets
$6,759,730
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • ALICE K SMALL (PRESIDENT)
  • KATHLEEN K FAREWELL (VICE PRESIDENT)
  • EDWARD TRUSCELLI (EXECUTIVE DIRECTOR)

Highest reported compensation

  • EDWARD TRUSCELLI (EXECUTIVE DIRECTOR): $217,233 total reported compensation
  • JANET MCCLAFFERTY (OUTGOING FINANCE DIRECTOR): $128,032 total reported compensation
  • ALICIA DEFREITAS (FINANCE DIRECTOR): $107,308 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide individuals and families of low and moderate income with quality homes in a welcoming and diverse community of 168 townhouses with two to four bedrooms and a six-story apartment building with 71 single bedroom apartments we provide social and supportive opportunities and ensure access to resources in the princeton community for our more than 600 residents residents whose incomes rise over time are able to remain in their home, at a higher monthly rent princeton community village offers a limited number of federal rent subsidies to 40 lower-income residents, enabling them to pay no more than 30% of their income in rental charges.

What it reported doing in 2024

Princeton community village associates, lp owns all the facilities, which were constructed in 1975 under one of hud's original interest rate subsidy programs that enabled communities to provide affordable homes for moderate income families and individuals otherwise unable tobenefit from local education and employment opportunities the village is located on a wooded site, with open space access, bike paths, and a municipal playground right at hand pch development corporation, a 501(c)3 entity, manages the buildings and operations our staff includes a bilingual social services coordinator to assist residents with applications for relevant programs and connect them with community resources, such as princeton young achievers (pya) pya provides after-school educational programs at our on-site learning center free bus service to princeton's shopping areas, library, and senior resource center operates six days a week, and the village is located on the nj transit bus route that serves the entire region we strive to build a strong community among our residents, who hail from 32 countries village-wide events, such as quarterly resident meetings and annual holiday celebrations are held in the ted vial clubhouse building, named for one of the founders of princeton community village the clubhouse also provides space for private social gatherings and seminars on topics of interest to residents, such as public safety, personal finance, health and wellness, and legal assistance. Princeton community village had a contract for 24 rent supplement subsidy family-based vouchers which expired in january 2015 the 24 vouchers were converted to project-based vouchers under hud's rental assistance demonstration or rad program and will continue to be project based through 2030 the 24 now are administered through a local housing authority.

Operating model

Revenue model
Investment-supported. 100% of the money available for current operations came from recurring investment income.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 64
  • Accountability: 86
  • Sustainability: 36
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 6 of 9 controls in place; rating input score 67
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -993.5%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 26.19; rating input score 84; 84th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
  • Officer compensation ratio: 27.8%; rating input score 11; 11th percentile among comparable filings

Growth

  • Program expense growth: 41.9% per year; rating input score 100; 93rd percentile among comparable filings
  • Revenue growth: 14.6% per year; rating input score 100; 91st percentile among comparable filings
  • Asset growth: 4.5% per year; rating input score 100; 64th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 16 of 16 board members independent · 6 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $258K in reported program spending
  • Leadership: top reported pay $217K · 19 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 12 of 12 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 8 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 3 of 9 not reported.
  • High — Sustainability: Operating margin scored 5/100.
  • High — Sustainability: Officer compensation ratio scored 11/100.