Philadelphia Chinatown Development Corporation
Nonprofit profile at a glance
- EIN
- 237439723
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Philadelphia, PA, US
- Phone
- 215-922-6156
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $5,795,113
- Expenses
- $3,360,429
- Assets
- $29,304,324
- Liabilities
- $7,675,109
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- MR JOHN CHIN (EXECUTIVE DIRECTOR)
Highest reported compensation
- MR JOHN CHIN (EXECUTIVE DIRECTOR): $103,057 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Establish a Community Center with: Bilingual social and health services to the community; A safe place for youth, senior recreation and community events; Promote mixed use development and business expansion North of Vine Street; Reconnect the Chinatown community across the Vine Street Expressway to promote long-term growth.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Grant-funded. 66% of the money available for current operations came from government grants.
- 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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 90
- Accountability: 95
- Sustainability: 81
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 49.8%; rating input score 50
- Program expense ratio: 85.9%; rating input score 86
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.2%; rating input score 88; 2nd 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: Pass
- 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: Missing
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 42%; rating input score 90; 90th percentile among comparable filings
- Total-asset coverage ratio: 8.72; rating input score 90; 90th percentile among comparable filings
- Liabilities to assets ratio: 0.26; rating input score 37; 37th percentile among comparable filings
- Officer compensation ratio: 3.1%; rating input score 68; 68th percentile among comparable filings
Growth
- Program expense growth: 14.4% per year; rating input score 100; 76th percentile among comparable filings
- Revenue growth: 10.9% per year; rating input score 100; 71st percentile among comparable filings
- Asset growth: 12.4% per year; rating input score 100; 67th percentile among comparable filings
Details
- What they do: 14 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 49.8% of revenue deployed · 85.9% of spending went to programs
- Governance: 16 of 16 board members independent · 7 of 8 filing controls reported
- Programs: 4 filed program accomplishments · $2.9M in reported program spending
- Leadership: top reported pay $103K · 17 people listed
- Highest-paid contractors: 4 contractors listed · $1.3M reported
- Consistency: 29 of 31 current checks pass · 2 findings to review
- Schedules: 6 filed schedules · includes major donors
- Filing history: 15 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 4 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.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 37/100.