Philadelphia Association of CDCs
Nonprofit profile at a glance
- EIN
- 232707112
- IRS 990 coverage
- 2012–2024
- Forms available
- Form 990 2024
- Location
- Philadelphia, PA, USA
- Phone
- 2157325829
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Standard
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $1,722,553
- Expenses
- $1,230,137
- Assets
- $1,453,362
- Liabilities
- $92,290
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- Rick Sauer (Executive Director)
- Jamila Harris-Morrison (President)
- Bill McKinney (Vice president)
Highest reported compensation
- Rick Sauer (Executive Director): $121,450 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Vision: PACDC works to create an equitable city where every Philadelphian lives works and thrives in a neighborhood that offers an excellent quality of life. Mission: PACDC is a membership association, that fosters strong community development corporations and non-profit community organizations by enhancing their skills and advocating for resources and policies to create a just and inclusive Philadelphia.
What it reported doing in 2024
PACDCs key accomplishments of the fiscal year in POLICY & ADVOCACY: See attached
Operating model
- Revenue model
- Donor-supported. 69% of the money available for current operations came from contributions and gifts.
- 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.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 70
- Transparency & Controls: 100
- Accountability: 95
- Sustainability: 63
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61%; rating input score 61
- Program expense ratio: 85.4%; rating input score 85
- Fundraising efficiency: $29.65 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 28.6%; rating input score 83; 83rd percentile among comparable filings
- Total-asset coverage ratio: 1.18; rating input score 48; 48th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 49; 49th percentile among comparable filings
- Officer compensation ratio: 9.9%; rating input score 37; 37th percentile among comparable filings
Growth
- Program expense growth: 5.9% per year; rating input score 100; 47th percentile among comparable filings
- Revenue growth: 2.1% per year; rating input score 100; 25th percentile among comparable filings
- Asset growth: 4.1% per year; rating input score 100; 34th percentile among comparable filings
Details
- Where the money goes: 61% of revenue deployed · 85.4% of spending went to programs
- Governance: 15 of 15 board members independent · 7 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $1.1M in reported program spending
- Leadership: top reported pay $121K · 17 people listed
- Consistency: 30 of 30 current checks pass
- Schedules: 6 filed schedules · includes major donors
- Filing history: 7 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
- Moderate — Sustainability: Officer compensation ratio scored 37/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 49/100.