Civic Intelligence

Philadelphia Association of Cdcs

EIN 23-2707112 • 501(c)3 • Philadelphia, PA

Profile

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.

1315 Walnut StreetPhiladelphia, PA 19107

www.pacdc.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.18x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

66th percentile

0.19x

Higher debt load relative to revenue than 66% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

9th percentile

-34%

Higher net margin than 9% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$118,450

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 12.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

11th percentile

-18%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

12th percentile

-26%

Faster revenue growth than 12% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,056,255

Down $239,584 (-18%) from 2023

Liabilities

Up

$187,599

Up $121,883 (+185%) from 2023

Net Assets

Down

$868,656

Down $361,467 (-29%) from 2023

Revenue

Down

$985,374

Down $350,756 (-26%) from 2023

Expenses

Up

$1,316,841

Up $79,642 (+6.4%) from 2023

Net Income

Down

-$331,467

Down $430,398 (-435%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $642,253Liabilities 2011: $43,847Net Assets 2011: $598,4062011Assets 2012: $345,305Liabilities 2012: $116,793Net Assets 2012: $228,5122012Assets 2013: $919,791Liabilities 2013: $32,779Net Assets 2013: $887,0122013Assets 2014: $823,386Liabilities 2014: $42,325Net Assets 2014: $781,0612014Assets 2015: $672,676Liabilities 2015: $56,751Net Assets 2015: $615,9252015Assets 2016: $579,696Liabilities 2016: $52,641Net Assets 2016: $527,0552016Assets 2017: $407,439Liabilities 2017: $78,248Net Assets 2017: $329,1912017Assets 2018: $1,155,106Liabilities 2018: $103,293Net Assets 2018: $1,051,8132018Assets 2019: $984,551Liabilities 2019: $84,006Net Assets 2019: $900,5452019Assets 2020: $997,191Liabilities 2020: $153,710Net Assets 2020: $843,4812020Assets 2021: $1,555,322Liabilities 2021: $52,815Net Assets 2021: $1,502,5072021Assets 2022: $1,191,850Liabilities 2022: $60,658Net Assets 2022: $1,131,1922022Assets 2023: $1,295,839Liabilities 2023: $65,716Net Assets 2023: $1,230,1232023Assets 2024: $1,056,255Liabilities 2024: $187,599Net Assets 2024: $868,6562024

Highlighted filing

2024

Assets$1,056,255
Liabilities$187,599
Net Assets$868,656

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2011: $769,145Expenses 2011: $692,037Net Income 2011: $77,1082011Revenue 2012: $423,130Expenses 2012: $793,024Net Income 2012: -$369,8942012Revenue 2013: $1,409,827Expenses 2013: $751,327Net Income 2013: $658,5002013Revenue 2014: $625,063Expenses 2014: $731,014Net Income 2014: -$105,9512014Revenue 2015: $571,978Expenses 2015: $737,114Net Income 2015: -$165,1362015Revenue 2016: $645,280Expenses 2016: $734,150Net Income 2016: -$88,8702016Revenue 2017: $600,672Expenses 2017: $798,536Net Income 2017: -$197,8642017Revenue 2018: $1,598,120Expenses 2018: $875,498Net Income 2018: $722,6222018Revenue 2019: $685,890Expenses 2019: $837,158Net Income 2019: -$151,2682019Revenue 2020: $748,381Expenses 2020: $805,445Net Income 2020: -$57,0642020Revenue 2021: $1,580,552Expenses 2021: $933,541Net Income 2021: $647,0112021Revenue 2022: $656,138Expenses 2022: $1,020,163Net Income 2022: -$364,0252022Revenue 2023: $1,336,130Expenses 2023: $1,237,199Net Income 2023: $98,9312023Revenue 2024: $985,374Expenses 2024: $1,316,841Net Income 2024: -$331,4672024

Highlighted filing

2024

Revenue$985,374
Expenses$1,316,841
Net Income-$331,467

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.06$0.19$0.87$0.99$1.32$0.33
2023Detailed filing. Detailed filing data is available for this year.$1.30$0.07$1.23$1.34$1.24$0.10
2022Detailed filing. Detailed filing data is available for this year.$1.19$0.06$1.13$0.66$1.02$0.36
2021Detailed filing. Detailed filing data is available for this year.$1.56$0.05$1.50$1.58$0.93$0.65
2020Summary only. Only limited summary data is available for this year.$1.00$0.15$0.84$0.75$0.81$0.06
2019Summary only. Only limited summary data is available for this year.$0.98$0.08$0.90$0.69$0.84$0.15
2018Summary only. Only limited summary data is available for this year.$1.16$0.10$1.05$1.60$0.88$0.72
2017Summary only. Only limited summary data is available for this year.$0.41$0.08$0.33$0.60$0.80$0.20
2016Summary only. Only limited summary data is available for this year.$0.58$0.05$0.53$0.65$0.73$0.09
2015Detailed filing. Detailed filing data is available for this year.$0.67$0.06$0.62$0.57$0.74$0.17
2014Summary only. Only limited summary data is available for this year.$0.82$0.04$0.78$0.63$0.73$0.11
2013Summary only. Only limited summary data is available for this year.$0.92$0.03$0.89$1.41$0.75$0.66
2012Summary only. Only limited summary data is available for this year.$0.35$0.12$0.23$0.42$0.79$0.37
2011Summary only. Only limited summary data is available for this year.$0.64$0.04$0.60$0.77$0.69$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Nov 14, 2024
Return Version
2023v6.0
Gross Receipts
$1,024,710
Mission and Program 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.

PACDC is a membership association of organizations committed to equitable neighborhood revitalization. We focus our efforts in two key areas: advocacy for systems reform and increased access to resources; and technical

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$446,466$538,171▲ $91,705
Savings and Temporary Cash Investments$740,319$305,375▼ $434,944
Intangible Assets-$79,295-
Accounts Receivable$29,536$79,179▲ $49,643
Cash and Non-Interest-Bearing Accounts$59,013$35,506▼ $23,507
Land, Buildings, and Equipment, Net$10,784$11,056▲ $272
Prepaid Expenses and Deferred Charges$3,528$4,210▲ $682
Total Assets$1,295,839$1,056,255▼ $239,584
Other Assets Total$6,193$3,463▼ $2,730
Liabilities
Accounts Payable and Accrued Expenses$65,216$102,477▲ $37,261
Other Liabilities$0$49,472▲ $49,472
Deferred Revenue$500$35,650▲ $35,150
Total Liabilities$65,716$187,599▲ $121,883
Net Assets / Fund Balance
Net Assets With Donor Restrictions$858,388$515,000▼ $343,388
Net Assets Without Donor Restrictions$371,735$353,656▼ $18,079
Total Net Assets Fund Balance$1,230,123$868,656▼ $361,467
Total Liabilities and Net Assets / Fund Balance$1,295,839$1,056,255▼ $239,584

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,195$40,020$50,215
Leasehold Improvements$861$219$1,080
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Rick SauerExecutive DirectorFT$118,450$118,450
Revenue and Support

Revenue Composition

Contributions and Grants
$599,848
Program Service Revenue
$27,572
Investment Income
$-625
Other Revenue
$358,579
All Other Contributions
$409,928
Change in Net Assets
$-331,467

Audited Revenue Reconciliation

Revenue per Audited Statements
$985,374
Total Revenue per Audited Statements
$985,374
Total Revenue per Form 990
$985,374
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$804,378
Other Expenses$512,463
Total Fundraising Expense$56,859
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$429,329$65,496$16,214$511,039
All Other Expenses$261,998$5,651$14,031$281,680
Current Officers, Directors, Trustees, and Key Employees$88,838$17,767$11,845$118,450
Other Employee Benefits$88,248$14,180$4,725$107,153
Conferences and Meetings$79,999$0$0$79,999
Payroll Taxes$38,991$6,265$2,111$47,367
Occupancy$26,869$4,318$1,455$32,642
Pension Plan Contributions$16,722$2,687$960$20,369
Fees for Services Accounting$10,466$1,682$567$12,715
Other Expenses$8,518$1,369$461$10,348
Office Expenses$8,517$1,232$415$10,164
Insurance$3,551$571$192$4,314
Depreciation Depletion$3,291$529$178$3,998
Travel$2,053$0$0$2,053
Total Functional Expenses$1,134,280$125,702$56,859$1,316,841

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,316,841
Total Expenses per Audited Statements$1,316,841
Total Expenses per Form 990$1,316,841
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$396,337
Fundraising Direct Expenses$37,758
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Awards event$396,337$396,337-$396,337
Total Events$396,337$396,337$37,758$358,579
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
lease payable$49,472
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Philadelphia Association of CDCs
EIN
23-2707112
Phone
2157325829
Address
1315 Walnut Street, Philadelphia, PA 19107

Signing Officer

Name
Richard Sauer
Title
Executive Director
Phone
2157325829
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Sauer
Formed
1992
Legal Domicile
Pa
Voting Board Members
15
Independent Board Members
15
Employees
8
Volunteers
140

Preparer

Firm
Katherine R Conlon CPA
Address
130 Putney Lane, Malvern, PA 19355
Preparer
Katherine R Conlon
Phone
6106959030
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

PACDC is a membership organization of community development corporations and others working in that area.

Pt VI, Line 7A

PACDCs board members are elected by the membership of the organization.

Pt VI, Line 7B

Members elect the board and also vote regarding the policies of the organization.

Pt VI, Line 8B

Minutes are kept of the board and membership meetings but not committee meetings.

Pt VI, Line 11B

The senior management and the administration & finance committee review the 990 and make it available to the board for review.

Pt VI, Line 12C

Board and staff update conflict of interest forms annually. The administration and finance committee provide oversite to this policy.

Pt VI, Line 15A

Reviews of salary surveys for comparable positions.

Pt VI, Line 15B

Reviews of salary surveys for comparable positions.

Pt XI

Foreign currancy change in value

Form 990, Part IX, Line 24E

Postage 288. 237. 38. 13.

Form 990, Part IX, Line 24E

Meeting supplies 5393. 4440. 713. 240.

Form 990, Part IX, Line 24E

Program expense 250329. 250329. 0. 0.

Form 990, Part IX, Line 24E

staff development 8495. 6992. 1124. 379.

Form 990, Part IX, Line 24E

Uncollected revenue 13399. 0. 0. 13399.

Form 990, Part IX, Line 24E

Miscellaneous 3776. 0. 3776. 0.

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