Civic Intelligence

Plainfield Community Development Corporation

990 • Fiscal year 2022 • EIN 20-8296546

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 14, 2023

Organization ProfilePCDCNJ.ORG
510 East Front StreetPlainfield, NJ 07060

(908) 769-6335

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.02x

Higher debt load relative to assets than 21% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

37th percentile

0.25x

Higher debt load relative to revenue than 37% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Source year 2022

Net Margin

16th percentile

-49%

Higher net margin than 16% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

55th percentile

$1,050

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2022 filings • NTEE L • $500k-$1M nonprofits • Source year 2022

Asset Growth

1st percentile

-31%

Faster asset growth than 1% of similar nonprofits.

2022 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$557,184

Down $248,353 (-31%) from 2021

Net Assets

Down

$547,769

Down $44,195 (-7.5%) from 2021

Liabilities

Down

$9,415

Down $204,158 (-96%) from 2021

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin16th percentile

Revenue

Up

$37,484

Up $201,343 (+123%) from 2021

Expenses

Down

$55,665

Down $9,241 (-14%) from 2021

Net Income

Up

-$18,181

Up $210,584 (+92%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2011: $1,603,808Liabilities 2011: $1,284,289Net Assets 2011: $319,5192011Assets 2012: $1,586,578Liabilities 2012: $1,561,935Net Assets 2012: $24,6432012Assets 2013: $1,609,593Liabilities 2013: $1,501,295Net Assets 2013: $108,2982013Assets 2014: $1,391,929Liabilities 2014: $1,447,010Net Assets 2014: -$55,0812014Assets 2015: $1,218,801Liabilities 2015: $1,361,110Net Assets 2015: -$142,3092015Assets 2016: $1,639,122Liabilities 2016: $1,625,387Net Assets 2016: $13,7352016Assets 2017: $1,650,923Liabilities 2017: $1,202,202Net Assets 2017: $448,7212017Assets 2018: $1,608,956Liabilities 2018: $1,200,382Net Assets 2018: $408,5742018Assets 2019: $1,557,006Liabilities 2019: $1,144,027Net Assets 2019: $412,9792019Assets 2020: $1,087,173Liabilities 2020: $266,444Net Assets 2020: $820,7292020Assets 2021: $805,537Liabilities 2021: $213,573Net Assets 2021: $591,9642021Assets 2022: $557,184Liabilities 2022: $9,415Net Assets 2022: $547,7692022Assets 2023: $862,374Liabilities 2023: $9,321Net Assets 2023: $853,0532023Assets 2024: $1,131,155Liabilities 2024: $3,289Net Assets 2024: $1,127,8662024

Highlighted filing

2022

Assets$557,184
Liabilities$9,415
Net Assets$547,769
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $78,855Expenses 2011: $170,587Net Income 2011: -$91,7322011Expenses 2012: $163,7902012Revenue 2013: $253,787Expenses 2013: $183,617Net Income 2013: $70,1702013Revenue 2014: $115,646Expenses 2014: $279,024Net Income 2014: -$163,3782014Revenue 2015: $135,764Expenses 2015: $222,991Net Income 2015: -$87,2272015Revenue 2016: $386,335Expenses 2016: $230,291Net Income 2016: $156,0442016Revenue 2017: $639,326Expenses 2017: $204,340Net Income 2017: $434,9862017Revenue 2018: $252,165Expenses 2018: $289,883Net Income 2018: -$37,7182018Revenue 2019: $170,222Expenses 2019: $165,816Net Income 2019: $4,4062019Revenue 2020: $505,575Expenses 2020: $97,825Net Income 2020: $407,7502020Revenue 2021: -$163,859Expenses 2021: $64,906Net Income 2021: -$228,7652021Revenue 2022: $37,484Expenses 2022: $55,665Net Income 2022: -$18,1812022Revenue 2023: $354,420Expenses 2023: $49,136Net Income 2023: $305,2842023Revenue 2024: $369,902Expenses 2024: $95,089Net Income 2024: $274,8132024

Highlighted filing

2022

Revenue$37,484
Expenses$55,665
Net Income-$18,181
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$37,484
Mission and Program Overview

Mission

The plainfield community development corporation (pcdc) is an affiliate of the housing authority of plainfield working in conjunction with the city of plainfield to improve neighborhoods for local residents. Pcdc focuses on the development and rehabilitation of quality housing for the improvement of family lives in urban communities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$631,004$282,116▼ $348,888
Cash and Non-Interest-Bearing Accounts$62,274$155,936▲ $93,662
Savings and Temporary Cash Investments$106,851$107,104▲ $253
Total Assets$805,537$557,184▼ $248,353
Other Assets Total$5,408$12,028▲ $6,620
Liabilities
Deferred Revenue$206,844--
Accounts Payable and Accrued Expenses$4,803$9,597▲ $4,794
Other Liabilities$1,926$-182▼ $2,108
Total Liabilities$213,573$9,415▼ $204,158
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$591,964$547,769▼ $44,195
Total Net Assets Fund Balance$591,964$547,769▼ $44,195
Total Liabilities and Net Assets / Fund Balance$805,537$557,184▼ $248,353

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$282,116-$282,116
Compensation and Service Providers
Top Officer Pay55th percentile

Employees

NameTitleBaseTotal
Georgette BarnesExecutive Di$1,050$1,050

Board Members and Trustees

NameTitle
Randall WoodChairperson
Peter BriggsVice-chairpe
George B GoreDirector
Hattie WilliamsDirector
Kim MontfordDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$5,964
Program Service Revenue
$31,202
Investment Income
$318
Other Revenue
$0
All Other Contributions
$439
Change in Net Assets
$-18,181

Audited Revenue Reconciliation

Revenue per Audited Statements
$37,484
Total Revenue per Audited Statements
$37,484
Total Revenue per Form 990
$37,484
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$49,580
Salaries, Compensation, and Employee Benefits$6,085
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$20,000-$20,000
Fees for Services Accounting-$9,295-$9,295
Current Officers, Directors, Trustees, and Key Employees-$6,050-$6,050
Occupancy$3,637--$3,637
Insurance-$3,008-$3,008
Other Expenses$2,469$2,000-$2,000
Fees for Services Other-$1,360-$1,360
Office Expenses-$675-$675
Advertising$260--$260
Fees for Services Legal-$175-$175
Payroll Taxes-$35-$35
All Other Expenses-$19-$19
Total Functional Expenses$12,573$43,092$0$55,665

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$55,665
Total Expenses per Audited Statements$55,665
Total Expenses per Form 990$55,665
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card$-182
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Copies of the completed form 990 (including required schedules) are reviewed by the executive director and also with the board of directors prior to submission.”

Form 990, Page 6, Part VI, Line 12C

“All officers and directors annually sign a written statement certifying that no conflict of interest exist. The policy requires any director or officer to abstain from voting on all matters where a direct or indirect conflict of interest may exist.”

Form 990, Page 6, Part VI, Line 15A

“Currently, ceo salaries are paid by the plainfield housing authority, an affiliate organization. Their salaries are reviewed and approved by a separate board of commissioners.”

Form 990, Page 6, Part VI, Line 19

“The organization's governing documents, policies and procedures, financial statements and tax filings are made available to the general public based upon request. Request can be made during the organization's normal hours of business operations.”

Filing and Contact Details

Filer

Filer Name
Premier Community Development
EIN
20-8296546
Phone
9087696335
Address
510 EAST FRONT STREET, PLAINFIELD, NJ 07060

Signing Officer

Name
Randall Wood
Title
Chairperson
Phone
9087696335
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall Wood
Formed
2007
Legal Domicile
Nj
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Ml Perry CPA
Address
1075 EASTON AVE TOWER 2 STE 3, SOMERSET, NJ 08873
Preparer
Mark Perry
Phone
7322209700
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The plainfield community development corporation (pcdc) is an affiliate of the housing authority of plainfield working in conjunction with the city of plainfield to improve neighborhoods for local residents. Pcdc focuses on the development and rehabilitation of quality housing for the improvement of family lives in urban communities.”

Form 990, Part XI, Line 9

“Realized loss on property held for resale -26,014”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt067
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IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus2YearsAmt0104903
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/CurrentTaxYearMinus3YearsAmt038053
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0293217
IRS990ScheduleA/Total509Grp/TotalAmt0841825
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt036484
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt032481
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0484201
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0169222
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0293284
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01015672
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/BuildingsGrp/BookValueAmt0282116
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0282116
IRS990ScheduleD/ExpensesSubtotalAmt055665
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0-182
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD
IRS990ScheduleD/RevenueSubtotalAmt037484
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0282116
IRS990ScheduleD/TotalExpensesPerForm990Amt055665
IRS990ScheduleD/TotalLiabilityAmt0-182
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt055665
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PLAINFIELD COMMUNITY DEVELOPMENT CORPORATION (PCDC) IS AN AFFILIATE OF THE HOUSING AUTHORITY OF PLAINFIELD WORKING IN CONJUNCTION WITH THE CITY OF PLAINFIELD TO IMPROVE NEIGHBORHOODS FOR LOCAL RESIDENTS. PCDC FOCUSES ON THE DEVELOPMENT AND REHABILITATION OF QUALITY HOUSING FOR THE IMPROVEMENT OF FAMILY LIVES IN URBAN COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1COPIES OF THE COMPLETED FORM 990 (INCLUDING REQUIRED SCHEDULES) ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND ALSO WITH THE BOARD OF DIRECTORS PRIOR TO SUBMISSION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OFFICERS AND DIRECTORS ANNUALLY SIGN A WRITTEN STATEMENT CERTIFYING THAT NO CONFLICT OF INTEREST EXIST. THE POLICY REQUIRES ANY DIRECTOR OR OFFICER TO ABSTAIN FROM VOTING ON ALL MATTERS WHERE A DIRECT OR INDIRECT CONFLICT OF INTEREST MAY EXIST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CURRENTLY, CEO SALARIES ARE PAID BY THE PLAINFIELD HOUSING AUTHORITY, AN AFFILIATE ORGANIZATION. THEIR SALARIES ARE REVIEWED AND APPROVED BY A SEPARATE BOARD OF COMMISSIONERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, POLICIES AND PROCEDURES, FINANCIAL STATEMENTS AND TAX FILINGS ARE MADE AVAILABLE TO THE GENERAL PUBLIC BASED UPON REQUEST. REQUEST CAN BE MADE DURING THE ORGANIZATION'S NORMAL HOURS OF BUSINESS OPERATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5REALIZED LOSS ON PROPERTY HELD FOR RESALE -26,014
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
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IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine2Txt0COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0PCDC ELMWWOOD LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0320573435
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0-36
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0HOUSING
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IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0PLAINFIELD
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd007060
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0TAXPAYER NAME - PCDC ELMWOOD, L.L.C. EIN: 32-0573435 IN ACCORDANCE WITH SECTION 168(H)(6)(F)(II) OF THE INTERNAL REVENUE CODE, ALL TAX-EXEMPT ENTITIES HOLDING A CONTROLLING INTEREST IN THE TAXPAYER HEREBY ELECT TO TREAT ANY GAIN RECOGNIZED ON ANY DISPOSITION OF SUCH INTEREST (AND ANY DIVIDEND RECEIVED OR ACCRUED BY THE TAX-EXEMPT ENTITY FROM THE CONTROLLED ENTITY) AS UNRELATED BUSINESS TAXABLE INCOME FOR PURPOSES OF SECTION 511 OF THE INTERNAL REVENUE CODE."
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IRS990/SubjectToProxyTaxInd0false
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt0557184
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043092
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt012573
IRS990/TotalFunctionalExpensesGrp/TotalAmt055665
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0213573
IRS990/TotalLiabilitiesEOYAmt09415
IRS990/TotalLiabilitiesGrp/BOYAmt0213573
IRS990/TotalLiabilitiesGrp/EOYAmt09415
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IRS990/TotalProgramServiceExpensesAmt012573
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IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0PCDCNJ.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0RANDALL WOOD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum09087696335
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PREMIER COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0PREM
ReturnHeader/Filer/EIN0208296546
ReturnHeader/Filer/PhoneNum09087696335
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ML PERRY CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01075 EASTON AVE TOWER 2 STE 3
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0SOMERSET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008873
ReturnHeader/PreparerPersonGrp/PhoneNum07322209700
ReturnHeader/PreparerPersonGrp/PreparationDt02023-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARK PERRY
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-14T12:44:48-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0RANDALL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WOOD
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$557,184
Liabilities
$9,415
Net assets
$547,769
Revenue
$37,484
Expenses
$55,665
Net income
-$18,181
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.13$0.00$1.13$0.37$0.10$0.27
2023Detailed filing. Detailed filing data is available for this year.$0.86$0.01$0.85$0.35$0.05$0.31
2022Detailed filing. Detailed filing data is available for this year.$0.56$0.01$0.55$0.04$0.06$0.02
2021Detailed filing. Detailed filing data is available for this year.$0.81$0.21$0.59$0.16$0.06$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.09$0.27$0.82$0.51$0.10$0.41
2019Detailed filing. Detailed filing data is available for this year.$1.56$1.14$0.41$0.17$0.17$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.61$1.20$0.41$0.25$0.29$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.65$1.20$0.45$0.64$0.20$0.43
2016Detailed filing. Detailed filing data is available for this year.$1.64$1.63$0.01$0.39$0.23$0.16
2015Detailed filing. Detailed filing data is available for this year.$1.22$1.36$0.14$0.14$0.22$0.09
2014Summary only. Only limited summary data is available for this year.$1.39$1.45$0.06$0.12$0.28$0.16
2013Detailed filing. Detailed filing data is available for this year.$1.61$1.50$0.11$0.25$0.18$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$1.56$0.02$0.16
2011Summary only. Only limited summary data is available for this year.$1.60$1.28$0.32$0.08$0.17$0.09