2025-04-22T00:34:49-05:00 2024-06-30 333709623 COHNREZNICK ADVISORY LLC 14 SYLVAN WAY PARSIPPANY NJ 070543801 990 2023-07-01 133711803 PRIMARY CARE DEVELOPMENT CORPORATION PRIM 2124373940 39 BROADWAY FLOOR 31 NEW YORK NY 10006 LOUISE COHEN CEO 2124373940 2025-04-21 1 1 LORI ROTHE YOKOBOSKY P01273422 9732283500 2025-04-17 2023 2025-03-06 01:10:19Z X LOUISE COHEN 39 BROADWAY FLOOR 31 NEW YORK NY 10006 21598438 0 X WWW.PCDC.ORG X 1993 NY SINCE 1993, PRIMARY CARE DEVELOPMENT CORPORATION (PCDC) SUPPORTS HEALTHY, (SEE SCH O) THRIVING COMMUNITIES ACROSS THE COUNTRY THROUGH PRIMARY CARE INVESTMENT, EXPERTISE, AND ADVOCACY. WE IMPROVE AND EXPAND ACCESS TO PRIMARY CARE, DELIVERING EVIDENCE-BASED SOLUTIONS AND INCREASING ACCESS TO CARE FOR PEOPLE WHO NEED IT MOST. 22 22 66 23 0 0 4376571 2676537 8799111 9163824 980986 1356106 1926 -15493 14158594 13180974 0 0 0 0 9362988 9227633 0 49500 120267 5839537 5440747 15202525 14717880 -1043931 -1536906 142976892 148220209 82542525 89001394 60434367 59218815 X HIGH-QUALITY PRIMARY CARE SAVES LIVES, IS THE FOUNDATION OF STRONG COMMUNITIES, AND IS ESSENTIAL TO ACHIEVING PARITY IN HEALTH CARE. PRIMARY CARE DEVELOPMENT CORPORATION (PCDC) SUPPORTS HEALTHY, THRIVING COMMUNITIES ACROSS THE COUNTRY THROUGH CAPITAL FINANCING, EXPERTISE, AND ADVOCACY. PCDC PARTNERS WITH PROVIDERS, PRACTICES AND INVESTORS TO IDENTIFY HEALTH CARE NEEDS, INCREASE PRIMARY CARE CAPACITY, AND CRAFT EFFECTIVE, EVIDENCE-BASED SOLUTIONS. TIMELY, AFFORDABLE, AND CONTINUOUS ACCESS TO PRIMARY CARE SAVES LIVES, IMPROVES INDIVIDUAL AND COMMUNITY HEALTH, AND REDUCES COSTS. BY SUPPORTING PRIMARY CARE PRACTICES AND PROVIDERS AND DRIVING SYSTEMS CHANGE THROUGH ADVOCACY AND ANALYSIS, OUR COMPREHENSIVE APPROACH HELPS MAKE ACCESS TO HIGH-QUALITY PRIMARY CARE A REALITY FOR COMMUNITIES ACROSS THE COUNTRY. 0 0 5242494 6678109 CAPITAL INVESTMENT: SUPPORTING PRIMARY CARE EXPANSION. PCDC PROVIDES CAPITAL FINANCING AND EXPERTISE TO INCREASE PRIMARY CARE CAPACITY AND ADVANCE PARITY IN HEALTH CARE. PCDC IS A KEY SOURCE OF CAPITAL FOR THE PRIMARY CARE SECTOR AND, TO DATE, HAS FINANCED OVER 250 PRIMARY CARE PROJECTS VALUED AT NEARLY $1.7 BILLION. THIS INVESTMENT HAS CREATED THE CAPACITY TO PROVIDE 5.2 MILLION MEDICAL VISITS ANNUALLY TO MEET THE PRIMARY CARE NEEDS OF MORE THAN 1.4 MILLION PATIENTS THROUGHOUT THE UNITED STATES. PCDC'S INVESTMENTS HAVE TRANSFORMED 3.0 MILLION SQUARE FEET OF SPACE INTO FULLY FUNCTIONING PRIMARY CARE PRACTICES AND CREATED OR PRESERVED OVER 21,000 JOBS IN LOW-INCOME COMMUNITIES. PCDC HAS EXPERIENCED NO LOAN LOSSES IN ITS PORTFOLIO TO DATE AND HAS RECEIVED AN AERIS RATING OF AA+ IN FINANCIAL STRENGTH AND PERFORMANCE AND A FOUR-STAR RATING (THE HIGHEST POSSIBLE RATING) IN IMPACT MANAGEMENT. HIGHLIGHTS OF RECENT CAPITAL INVESTMENT ACCOMPLISHMENTS INCLUDE: - CENTRAL CITY COMMUNITY HEALTH CENTER: CENTRAL CITY COMMUNITY HEALTH CENTER, A FEDERALLY QUALIFIED HEALTH CENTER (FQHC) OPERATING MULTIPLE SITES ACROSS LOS ANGELES COUNTY, RECEIVED $10 MILLION THROUGH THREE LOANS TO ENABLE THE ORGANIZATION TO I) ACQUIRE ITS GARDEN GROVE, CA SITE; II) REFINANCE THE DEBT ASSOCIATED WITH ITS ANAHEIM, CA SITE; AND III) REFUND ITS EQUITY INVESTMENT IN ITS BALDWIN PARK, CA SITE. THIS SUBSTANTIALLY IMPROVED THE ORGANIZATION'S FINANCIAL PROFILE BY REDUCING ITS INTEREST COSTS AND DEBT SERVICE PAYMENTS, THEREBY ENABLING IT TO EXPAND SERVICES AND ADD STAFF WITHOUT TAKING ADDITIONAL DEBT OR STRAINING ITS FINANCIAL POSITION. - MARTINSVILLE HENRY COUNTY COALITION FOR HEALTH AND WELLNESS (MARTINSVILLE): MARTINSVILLE IS A FEDERALLY QUALIFIED HEALTH CENTER THAT PROVIDES PRIMARY CARE, BEHAVIORAL HEALTH, AND HEALTH PROMOTION AND CARE COORDINATION SERVICES TO RESIDENTS IN MARTINSVILLE CITY AND ACROSS HENRY COUNTY IN RURAL VIRGINIA. IN 2023, PCDC PROVIDED MARTINSVILLE WITH A $1.3 MILLION LOAN TO HELP IT ACQUIRE A BUILDING IT LEASED, SO THAT IT COULD EXPAND ITS MEDICAL SERVICES THROUGH ADDITIONAL EXAM SPACE AND EDUCATION. THIS AREA OF CENTRAL APPALACHIA IS DESIGNATED MEDICALLY UNDERSERVED AREAS FOR PRIMARY CARE, MENTAL HEALTH, AND DENTAL HEALTH BY HEALTH RESOURCES SERVICES ADMINISTRATION, A DIVISION OF HHS. MARTINSVILLE ESTIMATES THAT THE EXPANSION WILL RESULT IN A 10% INCREASE IN PATIENTS AND 15% INCREASE IN VISITS, WHICH WILL ULTIMATELY IMPROVE THE HEALTH METRICS IN ITS UNDERSERVED AREA. - BRIDGING ACCESS TO CARE: BRIDGING ACCESS TO CARE IS A NYS ARTICLE 31 AND FEDERAL SUBSTANCE ABUSE AND MENTAL HEALTH SERVICES (SAMHSA) BEHAVIORAL HEALTH CLINIC OPERATING IN BROOKLYN, NY. AFTER APPROVING A $400,000 LOAN IN 2022 TO HELP THE ORGANIZATION RELOCATE TO LARGER SPACE, BRIDGING ACCESS TO CARE'S FUTURE SITE BECAME UNAVAILABLE, AND ITS PLANS TO MOVE WERE SUSPENDED. PCDC HELD ITS COMMITMENT UNTIL THE PROVIDER FOUND NEW SPACE, AND IN 2024 THE FINANCING CLOSED WITH BRIDGING ACCESS TO CARE RELOCATING TO LARGER, MORE PRACTICAL SPACE. THE LOAN, FINANCED THROUGH PCDC'S DASNY-FUNDED NYS REVOLVING CREDIT FUND, WILL ENABLE BRIDGING ACCESS TO CARE TO EXPAND ITS MENTAL HEALTH AND SUBSTANCE USE DISORDER TREATMENTS TO THE LOW-INCOME POPULATIONS IN WILLIAMSBURG, BROOKLYN AND BEYOND. 4502215 2385715 CONSULTING & TRAINING: STRENGTHENING SERVICE DELIVERY. PCDC'S CONSULTING & TRAINING TEAM HAS PROVIDED CONSULTING, TRAINING, AND COACHING SERVICES TO MORE THAN 4,800 PRIMARY CARE ORGANIZATIONS ACROSS THE COUNTRY. OUR STAFF BRINGS EXTENSIVE EXPERTISE ACROSS CARE MODELS, OPERATIONS, AND FINANCIAL MANAGEMENT; MOST HOLD GRADUATE DEGREES AND AVERAGE BETWEEN 10 TO 15 YEARS OF EXPERIENCE WORKING DIRECTLY WITH PRIORITY POPULATIONS. THIS "REAL-WORLD" EXPERIENCE ENABLES PCDC TO BETTER UNDERSTAND THE NEEDS OF OUR CLIENTS AND TO CRAFT CAPACITY-BUILDING SOLUTIONS THAT WILL BE HIGHLY SUSTAINABLE AND IMPACTFUL. HIGHLIGHTS OF RECENT CONSULTING & TRAINING ACCOMPLISHMENTS INCLUDE: - ASSISTING OVER 1,300 PRIMARY CARE SITES IN ACHIEVING PATIENT-CENTERED MEDICAL HOME (PCMH) RECOGNITION: THE MILESTONE REFLECTED THE SUCCESS OF PCDC'S CONTENT EXPERTS, WHOSE STRATEGIC LEADERSHIP, PRACTICE COACHING, AND TECHNICAL ASSISTANCE HAVE GUIDED COMMUNITY HEALTH CENTERS, HOSPITAL OUTPATIENT CENTERS, PRIVATE PRACTICES, AND SPECIAL NEEDS PROVIDERS NATIONWIDE. GROWING BODY EVIDENCE SHOWS THE PCMH MODEL REDUCES HEALTH CARE COSTS AND UNNECESSARY USE OF SERVICES, SUCH AS EMERGENCY DEPARTMENT VISITS. - LAUNCHING FINANCIAL MANAGEMENT AND LITERACY SERVICES: RESPONDING TO THE NEEDS OF PRIVATE PRACTICES AND SMALLER HEALTH CENTERS, PCDC LAUNCHED A NEW SUITE OF TRAINING AND COACHING SERVICES TO SUPPORT HEALTH CARE PROFESSIONALS TO BUILD THEIR KNOWLEDGE, CONFIDENCE, AND SKILLS RELATED TO THE FINANCIAL MANAGEMENT OF A PRIMARY CARE ORGANIZATION. THIS WORK RESPONDS TO A GROWING NEED FOR MORE THAN THE EXECUTIVES AND PHYSICIAN OWNER/OPERATORS TO BE STEWARDS OF THEIR ORGANIZATION'S FINANCIAL POSITION. - EXPANSION OF CALIFORNIA-BASED CONSULTING SERVICES: PCDC IS INCREASINGLY ACTIVE IN CALIFORNIA IN SUPPORTING HEALTH DEPARTMENTS AND HEALTH CENTERS TO FULLY PARTICIPATE IN THE STATE'S PAYMENT REFORM PROGRAMMING. PCDC'S WORK IS SUPPORTED BY A STATE-FUNDED TA POOL, ALLOWING THE PROVIDERS TO FOCUS THEIR RESOURCES ON EXPANDING PROGRAMMING IN THEIR COMMUNITIES. 1731768 100037 POLICY, COMMUNICATIONS, AND RESEARCH & EVALUATION: HIGH-QUALITY AND ACCESSIBLE PRIMARY CARE SAVES LIVES AND IS ESSENTIAL TO ACHIEVING A STRONG HEALTH CARE SYSTEM, YET IT CONTINUES TO BE UNDERVALUED AND UNDERFUNDED. PCDC SUPPORTS POLICY INITIATIVES THAT PROMOTE HEALTH PARITY BY EXPANDING AND ENSURING ACCESS TO HIGH-QUALITY PRIMARY CARE. WE ADVOCATE FOR POLICIES THAT INCREASE INVESTMENT IN PRIMARY CARE, IMPROVE PRIMARY CARE ACCESS, AND SUPPORT AND EXPAND THE PRIMARY CARE WORKFORCE IN COMMUNITIES THAT NEED IT MOST. PCDC ALSO CONDUCTS RESEARCH AND ANALYSIS ON THE CURRENT STATE OF PRIMARY CARE ACCESS AND HEALTH OUTCOMES, INFORMING STRONGER POLICIES AND PROGRAMS IN COMMUNITIES. HIGHLIGHTS OF RECENT POLICY, COMMUNICATIONS, AND RESEARCH & EVALUATION ACCOMPLISHMENTS INCLUDE: - DRAFTING AND LEADING CAMPAIGNS FOR LEGISLATION TO INCREASE ACCESS TO PRIMARY CARE IN NEW YORK STATE: PCDC WORKED CLOSELY WITH LAWMAKERS AND WITH A LOBBYING FIRM, TO ADVOCATE FOR LEGISLATION THAT WOULD EXPAND AND ENHANCE PRIMARY CARE IN NEW YORK STATE. IN LATE 2023, PCDC WAS INSTRUMENTAL IN ADVOCATING FOR THE INTRODUCTION OF LEGISLATION TO REQUIRE INSURERS IN THE STATE TO MEASURE THEIR SPENDING ON PRIMARY CARE, REPORT IT OUT, AND ULTIMATELY INCREASE IT TO AT LEAST 12% OF THEIR OVERALL HEALTH CARE SPENDING. BY THE END OF DECEMBER, SENATOR GUSTAVO RIVERA HAD INTRODUCED SENATE BILL 1197, INCLUDING ALL OF THOSE ELEMENTS. PCDC POLICY STAFF WORKED WITH ASSEMBLYMEMBER AMY PAULIN TO INTRODUCE A SAME-AS BILL IN THE ASSEMBLY, A8592, AND THEN ADVOCATED WITH LAWMAKERS THROUGHOUT THE SESSION TO MOVE THE BILL FORWARD. THE BILL PASSED THE SENATE HEALTH COMMITTEE BEFORE THE END OF SESSION. PCDC ALSO ADVOCATED WITH THE GOVERNOR'S OFFICE AND THE DEPARTMENT OF HEALTH TO ENSURE THAT ALL POLICY RELATING TO HEALTH CARE, INCLUDING A DECISION TO PURSUE A NEW FEDERAL MODEL CALLED AHEAD AND A DECISION TO PURSUE ADDITIONAL TAX REVENUE, PRIORITIZED FUNDING FOR PRIMARY CARE SERVICES. FURTHER, PCDC ADVOCATED WITH THE LEGISLATURE TO ENSURE THAT ALL HEALTH CARE POLICY IN THE NEW YORK STATE BUDGET REFLECTS THE NEED TO INCREASE ACCESS TO HIGH-QUALITY, AFFORDABLE PRIMARY CARE FOR ALL NEW YORKERS. - ANALYZING STATE PRIMARY CARE POLICY TRENDS ACROSS THE COUNTRY TO ENCOURAGE POLICYMAKERS TO CONSIDER NEW IDEAS: IN EARLY 2023, PCDC RELEASED A REPORT DOCUMENTING MAJOR TRENDS IN STATE POLICY ON PRIMARY CARE ACROSS THE COUNTRY, REVIEWING HUNDREDS OF PIECES OF LEGISLATION TO FIND THE PROPOSALS THAT HELD PROMISE FOR THE FUTURE OF PRIMARY CARE. OVER THE COURSE OF 2023, PCDC STAFF ANALYZED THAT YEAR'S LEGISLATIVE SESSION PROPOSALS TO FOLLOW UP ON THAT INITIAL REPORT, DOCUMENTING THE CONTINUING TRENDS IN SOME AREAS, SUCH AS PRIMARY CARE INVESTMENT, AS WELL AS NEW IDEAS EMERGING IN AREAS SUCH AS EXPANDING THE PRIMARY CARE WORKFORCE. PCDC RELEASED AN UPDATE REPORT ON THOSE STATE TRENDS IN DECEMBER 2023. - RELEASING REPORT AND PRESENTING FINDINGS ON PRIMARY CARE ACCESS: PCDC'S RESEARCH & EVALUATION TEAM RELEASED THE FIRST NEW YORK STATE PRIMARY CARE SCORECARD. A FIRST-OF-ITS-KIND RESOURCE, THE SCORECARD AIMS TO SUPPORT POLICY, PROGRAMMATIC AND BUDGETARY DECISION-MAKING BY PRESENTING THE CURRENT STATE OF PRIMARY CARE IN NEW YORK STATE. THE SCORECARD IS A SYNTHESIS OF AVAILABLE DATA (PUBLICLY AVAILABLE AND PROPRIETARY), BRINGING TOGETHER A NEW ANALYSIS. THE DATA REPORTED ARE FROM THE MOST RECENT YEAR AVAILABLE AND ARE ORGANIZED INTO FOUR DOMAINS: WORKFORCE, ACCESS, PERFORMANCE AND HEALTH OUTCOMES. - ADVOCATING PUBLICLY AND FREQUENTLY FOR IMPROVED PRIMARY CARE ACCESS: THROUGH MULTIPLE PUBLIC COMMENTS ON REGULATIONS, REQUESTS FOR INFORMATION, AND POLICY PROPOSALS, AND SIGNING ON TO LETTERS FROM OTHER ORGANIZATIONS, PCDC LENT ITS VOICE TO MULTIPLE POLICY CONCERNS INCLUDING INVESTING MORE IN PRIMARY CARE THROUGH FEDERAL REGULATIONS; NEW PAYMENT MODELS FOR PRIMARY CARE; DISPARITIES IN PRIMARY CARE ACCESS ACROSS NEW YORK STATE; POLICIES TO ENSURE THE EFFECTIVENESS OF THE FEDERAL 340B DRUG PRICING PROGRAM AT THE FEDERAL AND STATE LEVELS; . THE GOAL THROUGHOUT THESE ACTIVITIES WAS TO ADVANCE POLICIES THAT INCREASE ACCESS TO QUALITY PRIMARY CARE, ENABLING IT TO MORE SUCCESSFULLY IMPROVE HEALTH OUTCOMES, REDUCE COSTS, AND IMPROVE OVERALL HEALTH IN OUR COMMUNITIES. 11476477 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 56 0 1 66 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 22 22 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MS NH NJ ND OH OK OR PA RI SC TN UT VA WV WI MN MO NM NC X X X CAROLINA PRADO 2124373961 39 BROADWAY FLOOR 31 NEW YORK NY 10006 ALAN BRANSON BOARD MEMBER 1.00 X 0 0 0 CAROL RAPHAEL VICE CHAIR 1.00 X X 0 0 0 CHRISTOPHER KOLLER BOARD MEMBER 1.00 X 0 0 0 CYRUS BATHEJA BOARD MEMBER 1.00 X 0 0 0 DAVID A GOULD CHAIR 1.00 X X 0 0 0 DIANA MASON BOARD MEMBER 1.00 X 0 0 0 DUDLEY BENOIT BOARD MEMBER 1.00 X 0 0 0 GERRELDA DAVIS BOARD MEMBER 1.00 X 0 0 0 HELEN ARTEAGA LANDAVERDE BOARD MEMBER 1.00 X 0 0 0 HENRY CHUNG OUTGOING BOARD MEMBER 1.00 X 0 0 0 JOHN HOLDSCLAW BOARD MEMBER 1.00 X 0 0 0 JOHN RUGGE SECRETARY 1.00 X X 0 0 0 JONATHAN CHAMPMAN BOARD MEMBER 1.00 X 0 0 0 JORGE R PETIT BOARD MEMBER 1.00 X 0 0 0 LORI SCOTT BOARD MEMBER 1.00 X 0 0 0 MARLENE ZURACK BOARD MEMBER 1.00 X 0 0 0 MATT SIEGLER BOARD MEMBER 1.00 X 0 0 0 PABLO BRAVO BOARD MEMBER 1.00 X 0 0 0 SCOTT MORGAN TREASURER 1.00 X X 0 0 0 TERRIE STERLING BOARD MEMBER 1.00 X 0 0 0 UDAI TAMBAR BOARD MEMBER 1.00 X 0 0 0 WHITNEY PHELPS BOARD MEMBER 1.00 X 0 0 0 YVETTE P TEOFAN VICE CHAIR 1.00 X X 0 0 0 ASSUNTA ROSA INTERIM CFO 40.00 X 44038 0 2614 DANIEL LEHMAN OUTGOING EXE VP/CFO 40.00 X 259013 0 32256 LOUISE COHEN CEO 40.00 X 413051 0 20295 CYNTHIA SUMMERS MANAGING DIR SPA 40.00 X 252932 0 18895 ISAAC KASTENBAUM VP CQP 40.00 X 242877 0 66223 WILLIAM O'BRIEN CHIEF LENDING OFFICER 40.00 X 269602 0 52272 CHRISTINA LINDSTROM DIR OF ADMINISTRATION 40.00 X 205427 0 25463 DEBORAH JOHNSON INGRAM SR DIR CQP 40.00 X 180828 0 16918 JULIE SCHILZ SENIOR DIRECTOR 40.00 X 206024 0 11693 NANCY LAGER SR DIR, CAPITAL INVESTMENT 40.00 X 217786 0 29418 SHUK HAN LEUNG SR. DIR OF FINANCE 40.00 X 191448 0 44236 2483026 0 320283 37 0 1 0 MCCARTER & ENGLISH LLP FOUR GATEWAY CENTER 100 MULBERRY ST NEWARK NJ 07102 LEGAL SERVICES 523710 LEVERAGE LAW GROUP LLC 4501 COLLEGE BOULEVARD STE 280 LEAWOOD KS 66211 LEGAL SERVICES 108476 COHNREZNICK LLP 1212 AVENUE OF AMERICAS NEW YORK NY 10036 ACCOUNTING SERVICES 102909 3 371242 1972295 333000 2676537 PROGRAM FEES 900099 5086451 5086451 INTEREST ON LOANS 900099 4077373 4077373 9163824 1437736 1437736 8280484 8362114 -81630 -81630 -81630 39820 371242 55350 -15530 -15530 37 37 37 13180974 9163861 0 1340576 1583937 888431 676966 18540 5896031 4902235 985028 8768 312791 240314 72067 410 824827 687841 135001 1985 610047 485589 121932 2526 565736 477694 88042 87700 87700 60025 60025 49500 49500 945818 592096 329136 24586 93018 75066 16600 1352 337744 227241 109702 801 573715 456502 114961 2252 262403 196394 65462 547 99650 81641 18009 1454525 1454525 95669 76291 19005 373 160167 160167 PROVISION FOR LOAN LOSS 455848 455848 BANK & MISCELLANEOUS 109182 28476 72079 8627 DUES & SUBSCRIPTION 69919 61490 8429 PROVISION FOR DOUBTFUL 69628 28778 40850 14717880 11476477 3121136 120267 37072733 23240103 949124 1071114 1254977 919082 75795959 101508326 106128 155452 798382 661176 143335 137206 23355863 18599132 25266 21989 4273507 2567805 142976892 148220209 1122722 1020258 5655116 14441396 51063640 50692211 24701047 22847529 82542525 89001394 X 40625115 58893815 19809252 325000 60434367 59218815 142976892 148220209 -1536906 321354 0 X 0 1 X 1 1 1 X 4354066 15261916 6487397 4376571 2676537 33156487 4354066 15261916 6487397 4376571 2676537 33156487 743966 32412521 335439 260218 295416 1080511 1437736 3409320 7490 1845 9335 450017 565 81 37 450700 37025842 45757389 0.87540 0.89940 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISC INCOME - 2020 AMOUNT: $ 450,017. 2021 AMOUNT: $ 565. 2022 AMOUNT: $ 81. 2023 AMOUNT: $ 37. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 119529 0 0 119529 0 PART II-B, LINE 1: LOBBYING ACTIVITIES INCLUDE OUTREACH TO LOCAL, STATE AND FEDERAL ELECTED AND APPOINTED OFFICIALS AS WELL AS THEIR RELEVANT AGENCY, DEPARTMENT, AND OFFICE STAFF TO EDUCATE THEM ON PRIMARY CARE ISSUES, ENCOURAGE THEM TO ENACT LEGISLATION SUPPORTING A PRIMARY-CARE CENTRIC HEALTH SYSTEM THAT PROVIDES QUALITY CARE TO ALL WHO NEED IT AND URGING NEW YORK STATE ELECTED OFFICIALS TO APPROPRIATE FUNDING FOR PCDC-LED INITIATIVES THAT EXPAND ACCESS TO AND STRENGTHEN PRIMARY CARE. 384768 367100 17668 120737 110896 9841 292877 183180 109697 137206 DUE TO THIRD PARTY 19880649 DUE TO NEW YORK CITY 128231 RESERVES AND DEPOSITS PAYABLE 2347500 OPERATING LEASE LIABILITY 235487 OTHER LIABILITY 255662 22847529 X 13557678 321354 321354 13236324 -55350 -55350 13180974 14773230 55350 55350 14717880 0 14717880 PART X, LINE 2: THE ORGANIZATION BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024 AND 2023 IN ACCORDANCE WITH FASB ASC TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRASING EXPENSES -55,350. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRASING EXPENSES 55,350. X X 1 POWERED BY PROFESSIONALS 1460 BROADWAY 4TH FLOOR NEW YORK NY 10036 FUNDRAISIG OF PCDC'S ANNUAL GALA 0 411062 49500 361562 411062 49500 361562 GALA 411062 371242 39820 55350 411062 371242 39820 55350 55350 -15530 X X X X X 0 0 0 0 0 0 0 1 0 LOUISE COHEN CEO 391064 0 20768 0 1219 0 16500 0 3795 0 433346 0 0 0 WILLIAM O'BRIEN CHIEF LENDING OFFICER 254976 0 13438 0 1188 0 13984 0 38288 0 321874 0 0 0 ISAAC KASTENBAUM VP CQP 238684 0 4031 0 162 0 13056 0 53167 0 309100 0 0 0 DANIEL LEHMAN OUTGOING EXE VP/CFO 248512 0 10156 0 345 0 13211 0 19045 0 291269 0 0 0 CYNTHIA SUMMERS MANAGING DIR SPA 248268 0 4250 0 414 0 12835 0 6060 0 271827 0 0 0 NANCY LAGER SR DIR, CAPITAL INVESTMENT 204996 0 11571 0 1219 0 11135 0 18283 0 247204 0 0 0 SHUK HAN LEUNG SR. DIR OF FINANCE 181192 0 9482 0 774 0 10024 0 34212 0 235684 0 0 0 CHRISTINA LINDSTROM DIR OF ADMINISTRATION 202247 0 3000 0 180 0 10300 0 15163 0 230890 0 0 0 JULIE SCHILZ SENIOR DIRECTOR 202250 0 3000 0 774 0 10300 0 1393 0 217717 0 0 0 DEBORAH JOHNSON INGRAM SR DIR CQP 177414 0 3000 0 414 0 9308 0 7610 0 197746 0 0 0 PART I, LINE 7 THE CEO AND CFO BONUSES WERE DETERMINED AND AWARDED BY THE BOARD OF DIRECTORS FOLLOWING THE END OF THE FISCAL YEAR, BASED ON ORGANIZATIONAL FINANCIAL RESULTS AND INDIVIDUAL PERFORMANCE AS EVALUATED DURING THE ANNUAL REVIEW PROCESS. BONUSES FOR ALL OTHER STAFF, INCLUDING OTHER KEY EMPLOYEES, WERE DETERMINED AND AWARDED BASED ON ORGANIZATIONAL FINANCIAL RESULTS AND INDIVIDUAL PERFORMANCE AS WELL, IN ACCORDANCE WITH A BOARD-APPROVED BONUS PLAN STRUCTURE. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS PREPARED BY PCDC AND REVIEWED BY PCDC'S INDEPENDENT ACCOUNTING FIRM. THE 990 IS THEN REVIEWED BY THE FINANCE COMMITTEE. UPON APPROVAL OF THE FINANCE COMMITTEE, THE 990 IS PRESENTED TO THE BOARD OF DIRECTORS. THE RETURN IS CIRCULATED TO THE BOARD OF DIRECTORS IN ADVANCE OF THE MEETING. AFTER APPROVAL THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR BOARD MEMBERS REVIEW PCDC'S WRITTEN POLICY AND ATTEST THAT THEY HAVE READ AND WILL ABIDE BY THE POLICY BY SIGNING AN ANNUAL AFFIRMATION OF POLICY ON INTERESTED DIRECTORS. WHEN A DIRECTOR OF PCDC HAS AN INTEREST IN A PCDC MATTER THAT DIRECTOR DISCLOSES THEIR INTEREST TO THE BOARD PRIOR TO ANY DISCUSSION OR VOTE REGARDING THE MATTER; AND THE INTERESTED DIRECTOR ABSENTS HIM OR HERSELF FROM THE DISCUSSION AND/OR VOTES CONCERNING THE MATTER. CONFLICTS ARE REPORTED IN THE BOARD MINUTES. A LIST OF BOARD MATTERS IS COMPILED ANNUALLY FOR BOARD MEMBERS TO REVIEW AND REAFFIRM THEIR DISCLOSURE (S) DURING THE YEAR. SIMILARLY, ALL EMPLOYEES OF PCDC ANNUALLY REVIEW PCDC'S CONFIDENTIALITY AND CONFLICT OF INTEREST POLICIES AND SIGN A STATEMENT ACKNOWLEDGING THEY HAVE RECEIVED, READ AND WILL ABIDE BY THE POLICIES. ANY CONFLICT OF INTERESTS ARE REQUIRED TO BE IMMEDIATELY DISCLOSED TO THE CHIEF EXECUTIVE OFFICER. EMPLOYEES ALSO ANNUALLY REAFFIRM IN WRITING ANY CONFLICT(S), AND DISCLOSURE(S) THEREOF, DURING THE PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMPARABLE DATA IS COMPILED, EITHER INTERNALLY OR BY AN INDEPENDENT CONSULTANT, ON THE CHIEF EXECUTIVE OFFICER (CEO), CHIEF FINANCIAL OFFICER (CFO) AND KEY EMPLOYEES AND IS REVIEWED BY THE GOVERNANCE COMMITTEE (GC). THE COMPARABLE COMPENSATION DATA IS BASED ON MARKET ANALYSIS AND COMPARISON OF 990S FROM OTHER ORGANIZATIONS WITH SIMILAR MISSIONS, PROGRAMS, BALANCE SHEETS, AND BUDGETS. RECOMMENDATION OF CEO'S AND CFO'S COMPENSATION IS MADE BY THE GC TO THE BOARD FOR ITS DISCUSSION AND APPROVAL. THE GC PROPOSES COMPENSATION AND DETERMINES THE REASONABLENESS OF COMPENSATION IN A PROCESS THAT INCLUDES PERFORMANCE APPRAISALS AND THE REVIEW OF COMPARATIVE COMPENSATION DATA. THE BOARD MAKES THE FINAL DECISION IN AN EXECUTIVE SESSION WITH NO STAFF PRESENT. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO ANNUALLY BASED PRIMARILY ON PERFORMANCE APPRAISALS AND COMPARABLE COMPENSATION DATA AND IS REVIEWED BY THE GC. FORM 990, PART VI, SECTION C, LINE 19 PCDC'S CONSOLIDATED AUDITED FINANCIAL STATEMENTS AND IRS FORM 990 ARE AVAILABLE TO THE PUBLIC ON ITS WEBSITE OR UPON REQUEST IN ADDITION TO POSTING IN NONPROFIT DATABASES SUCH AS GUIDESTAR OR NYS CHARITIES BUREAU WEBSITES. 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