2022-05-13T13:47:59-05:00 2021-06-30 873707167 CBIZ MARKS PANETH LLC 685 THIRD AVENUE NEW YORK NY 10017 990 2020-07-01 133711803 PRIMARY CARE DEVELOPMENT CORPORATION PRIM 2124373940 45 BROADWAY SUITE 530 NEW YORK NY 10006 LOUISE COHEN CEO 2124373940 2022-05-11 1 LOUISE COHEN 999009999 MAGDALENA M CZERNIAWSKI P00535099 2125038800 2022-05-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z LOUISE COHEN 45 BROADWAY SUITE 530 NEW YORK NY 10006 25601234 0 X WWW.PCDC.ORG X 1993 NY FOUNDED IN 1993, PRIMARY CARE DEVELOPMENT CORPORATION ("PCDC") BELIEVES THAT PRIMARY CARE IS TRANSFORMATIONAL AND A CORNERSTONE OF HEALTHY, THRIVING COMMUNITIES. PCDC CATALYZES EXCELLENCE IN PRIMARY CARE THROUGH STRATEGIC COMMUNITY INVESTMENT, CAPACITY BUILDING, AND POLICY INITIATIVES TO ACHIEVE HEALTH EQUITY. 21 21 56 21 0 0 4354066 15261916 9524126 7804042 334810 188926 7490 450017 14220492 23704901 290000 0 0 0 6963719 7590081 0 0 69937 6676304 4077212 13930023 11667293 290469 12037608 100477628 129317637 57222063 74204461 43255565 55113176 X QUALITY PRIMARY CARE IS TRANSFORMATIONAL AND A CORNERSTONE OF HEALTHY, THRIVING COMMUNITIES. THE PRIMARY CARE DEVELOPMENT CORPORATION (PCDC) CATALYZES EXCELLENCE IN PRIMARY CARE THROUGH STRATEGIC COMMUNITY INVESTMENT, SEE SCH O CONTINUATION 0 0 4639728 6684664 CAPITAL INVESTMENT: SUPPORTING PRIMARY CARE EXPANSION. PCDC PROVIDES THE CAPITAL AND EXPERTISE TO BUILD, RENOVATE, AND EXPAND COMMUNITY-BASED HEALTH FACILITIES SO THAT CARE IS OFFERED IN SETTINGS THAT PROMOTE DIGNITY AND EFFICIENCY. CERTIFIED AS A COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION (CDFI) BY THE UNITED STATES TREASURY, PCDC IS A KEY SOURCE OF CAPITAL FOR THE PRIMARY CARE SECTOR AND TO DATE HAS FINANCED OVER 191 PRIMARY CARE PROJECTS VALUED AT MORE THAN $1.3 BILLION. THIS INVESTMENT HAS CREATED THE CAPACITY TO PROVIDE 4.2 MILLION MEDICAL VISITS ANNUALLY TO MEET THE PRIMARY CARE NEEDS OF MORE THAN 1.2 MILLION PATIENTS THROUGHOUT THE UNITED STATES. PCDC'S INVESTMENT HAS TRANSFORMED 221 MILLION SQUARE FEET OF SPACE INTO FULLY FUNCTIONING PRIMARY CARE PRACTICES AND CREATED OR PRESERVED OVER 17,000 JOBS IN LOW-INCOME COMMUNITIES. PCDC HAS EXPERIENCED NO LOAN LOSSES IN ITS PORTFOLIO TO DATE AND HAS RECEIVED AN AA+2 RATING FROM THE CDFI RATING AGENCY AERIS. HIGHLIGHTS OF RECENT CAPITAL INVESTMENT ACCOMPLISHMENTS INCLUDE: COMMUNIHEALTH SERVICES: AN UNDERSERVED COMMUNITY IN NORTH-CENTRAL LOUISIANA WILL SOON HAVE MORE ACCESS TO INTEGRATED PRIMARY CARE AND BEHAVIORAL SERVICES, THANKS TO FINANCING FROM PCDC. COMMUNIHEALTH SERVICES, ESTABLISHED AS MOREHOUSE COMMUNITY MEDICAL CENTERS INC. IN 2002, BROKE GROUND FOR ITS NEW STATE-OF-THE-ART 41,000 SQUARE-FOOT FACILITY IN BASTROP. THE $14.3 MILLION PROJECT WAS FINANCED THROUGH A COMBINATION OF DEBT AND NEW MARKETS TAX CREDITS PROVIDED BY PCDC AND PARTNERS.RENEWAL HOUSE: RENEWAL HOUSE, THE ONLY RESIDENTIAL ADDICTION TREATMENT PROGRAM FOR PREGNANT WOMEN AND WOMEN AND THEIR CHILDREN IN MIDDLE TENNESSEE, RECEIVED A TOTAL OF $9 MILLION IN NEW MARKETS TAX CREDITS TO CONSTRUCT A NEW ADDICTION TREATMENT AND MENTAL HEALTH FACILITY IN NASHVILLE. THIS 35,000 SQUARE FOOT INPATIENT AND OUTPATIENT FACILITY WILL ALLOW RENEWAL HOUSE TO DOUBLE THE NUMBER OF FAMILIES SERVED THROUGH ITS ADDICTION TREATMENT AND RECOVERY PROGRAMS. THE FACILITY WILL ALSO ADD 34 APARTMENT UNITS FOR INPATIENT AND RESIDENTIAL TREATMENT SERVICES. PROVIDENCE COMMUNITY HEALTH CENTERS: PROVIDENCE COMMUNITY HEALTH CENTERS, THE LARGEST FEDERALLY QUALIFIED HEALTH CENTER (FQHC) IN RHODE ISLAND, RECEIVED $6 MILLION IN NEW MARKETS TAX CREDITS (NMTC) FROM PCDC FOR A NEW 26,000 SQUARE FOOT HEALTH FACILITY. THE NEW FACILITY, WHICH WILL BE LOCATED IN PROVIDENCE ON ATWOOD STREET, IS A MUCH-NEEDED EXPANSION TO ACCOMMODATE PATIENTS FROM PCHC'S OLNEYVILLE LOCATION, CURRENTLY OVERCAPACITY. THE ATWOOD STREET FACILITY WILL OFFER AN EXPRESS URGENT CARE CLINIC, LAB SERVICES, COMMUNITY OUTREACH, AND EDUCATION SERVICES AND IS EXPECTED TO SERVE OVER 14,000 NEW PATIENTS THROUGH 42,000 VISITS. PCDC'S NMTC INVESTMENT SUPPLEMENTS A $6 MILLION CONSTRUCTION LOAN MADE TO PCHC IN NOVEMBER 2020. 3485438 1120832 CLINICAL & QUALITY PARTNERS (FORMERLY PERFORMANCE IMPROVEMENT): STRENGTHENING SERVICE DELIVERY. PCDC'S CLINICAL & QUALITY PARTNERS TEAM HAS PROVIDED CONSULTING, TRAINING, AND COACHING SERVICES TO MORE THAN 4,800 PRIMARY CARE ORGANIZATIONS ACROSS THE COUNTRY HELPING THESE PRACTICES ADOPT A MODEL OF CARE THAT MAXIMIZES PATIENT ACCESS, MEANINGFUL USE OF HEALTH IT, CARE COORDINATION, PATIENT EXPERIENCE, AND EMERGENCY PLANNING. OUR STAFF TEAM BRINGS EXTENSIVE EXPERTISE AND A BROAD AND POWERFUL KNOWLEDGE BASE TO THE PROVISION OF CAPACITY-BUILDING ASSISTANCE; MOST HOLD GRADUATE DEGREES AND AVERAGE BETWEEN 10 TO 15 YEARS OF EXPERIENCE WORKING DIRECTLY WITH HIGH-RISK, SAFETY NET POPULATIONS. THIS "REAL-WORLD" EXPERIENCE ENABLES PCDC TO BETTER UNDERSTAND THE NEEDS OF OUR CLIENTS AND GUIDES THE CREATION AND IMPLEMENTATION OF EFFECTIVE COACHING AND QUALITY IMPROVEMENT TOOLS.HIGHLIGHTS OF RECENT CLINICAL & QUALITY PARTNERS ACCOMPLISHMENTS INCLUDE: ASSISTING OVER 1,000 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. A GROWING BODY EVIDENCE SHOWS THE PCMH MODEL REDUCES HEALTH CARE COSTS AND UNNECESSARY USE OF SERVICES, SUCH AS EMERGENCY DEPARTMENT VISITS.PCDC PARTNERS WITH STELLAR HEALTH: PCDC PARTNERED WITH STELLAR HEALTH TO HELP PRIMARY CARE PROVIDERS THRIVE IN THE CURRENT VALUE-BASED CARE WORLD. STELLAR, A VALUE-BASED HEALTH CARE TECHNOLOGY COMPANY, EMPOWERS PRACTICING PHYSICIANS AND THEIR CARE TEAMS THROUGH A POINT-OF-CARE PLATFORM THAT PROVIDES REAL-TIME ACTIONABLE INSIGHTS AND MEANINGFUL FINANCIAL INCENTIVES TO DRIVE IMPROVED PATIENT OUTCOMES. PCDC, A NATIONAL NON-PROFIT, PROVIDES FINANCING, ON-THE-GROUND TRAINING, AND TECHNICAL ASSISTANCE, SPECIFICALLY DESIGNED TO SUPPORT THE SUSTAINABILITY AND PERFORMANCE IMPROVEMENT OF PRIMARY CARE PROVIDERS ACROSS THE COUNTRY. TOGETHER, STELLAR AND PCDC RECOGNIZE THE IMPORTANT ROLE THAT PRIMARY CARE PROVIDERS PLAY IN THE NATION'S SHIFT TO IMPROVE QUALITY, REDUCE COSTS, AND INCREASE ACCESS TO CARE. REBRANDING TO CLINICAL AND QUALITY PARTNERS: PCDC'S TECHNICAL ASSISTANCE AND TRAINING EFFORTS HAVE GROWN AND BECOME MORE TARGETED IN THEIR IMPACT. THE TEAM CONTINUES TO SUPPORT PRIMARY CARE INFRASTRUCTURE AND OPERATIONS BUT HAS GROWN IN ITS ABILITY TO OFFER NEW PROGRAMMING TO SUPPORT ADVANCES IN TELEHEALTH, UPDATED QUALITY REPORTING AND PERFORMANCE REQUIREMENTS, CHANGING PAYMENT MODELS, AND MORE. THIS NEW CHANGE MEANS SUPPORTING PRACTICES AND PROVIDERS THROUGH WORKSHOPS TO IMPROVE STAFF CAPACITY IN ESSENTIAL HEALTH CARE DELIVERY SKILLS, THROUGH DATA ANALYSIS TO UNDERSTAND PROVIDERS' OPPORTUNITIES, AND THROUGH DEEP-DIVE PROBLEM SOLVING TO ADDRESS ACCESS, OUTCOMES, FINANCIAL PERFORMANCE, AND ULTIMATELY, SUSTAINED COMMUNITY IMPACT.DEVELOPING ONLINE RESOURCES AND HOSTING WEBINARS TO AID PROVIDER UPTAKE OF TELEMEDICINE IN THE WAKE OF THE COVID-19 PANDEMIC: PCDC CREATED A ROBUST ONLINE RESOURCE CENTER FOR PRIMARY CARE PROVIDERS WHO SEEK EDUCATION AND TRAINING ON TELEHEALTH IMPLEMENTATION THAT INCLUDES REIMBURSEMENT, CODING, AND COMMUNICATIONS GUIDANCE. THE TEAM NOW ALSO PROVIDES TELEHEALTH TECHNICAL ASSISTANCE UPON REQUEST. IN ADDITION, PCDC STAFF HELD SEVERAL INFORMATIONAL WEBINARS FOCUSED ON TELEHEALTH IN THE PRIMARY CARE SECTOR AND A VIRTUAL TOWN HALL WHERE PROVIDERS EXCHANGED INFORMATION AND IDEAS FOR IMPROVING CARE DELIVERY DURING THE PANDEMIC. 1412196 450017 POLICY, ADVOCACY, COMMUNICATIONS & EVALUATION: LEADING PRIMARY CARE INITIATIVES: PRIMARY CARE IS NOT ONLY THE CENTERPIECE OF MEANINGFUL HEALTH CARE REFORM, BUT ALSO CONTRIBUTES GREATLY TO ECONOMIC DEVELOPMENT, BETTER HEALTH, AND ACROSS-THE-BOARD HEALTH CARE SAVINGS. PCDC'S POLICY AND ADVOCACY AGENDA INCLUDES WORKING WITH POLICYMAKERS AND STAKEHOLDERS TO PROMOTE THE PATIENT-CENTERED MEDICAL HOME MODEL; EXPANDING ACCESS TO CAPITAL FOR PRIMARY CARE FACILITY EXPANSION; STRENGTHENING THE ROLE OF PRIMARY CARE IN HEALTH SYSTEM AND HEALTH PAYMENT REFORM; AND STRENGTHENING THE HEALTH CARE INFRASTRUCTURE THROUGH PRIMARY CARE TO PROMOTE HEALTHY COMMUNITIES. PCDC'S EVALUATION AGENDA INCLUDES GAUGING THE ORGANIZATION'S IMPACT, RESEARCHING POPULATION HEALTH OUTCOMES, AND LEADING EFFORTS TO ADOPT DATA-DRIVEN APPROACHES TO OUTCOMES MEASUREMENT AND ANALYSIS. IT ALSO INCLUDES OVERSEEING APPLIED RESEARCH EFFORTS THAT INFORM PCDC'S WORK AND ADVANCE KNOWLEDGE ON PRIMARY CARE ACCESS AT LOCAL, STATE, AND FEDERAL LEVELS. HIGHLIGHTS OF RECENT POLICY, ADVOCACY, COMMUNICATIONS & EVALUATION ACCOMPLISHMENTS INCLUDE: DRAFTING AND LEADING CAMPAIGNS FOR TWO PIECES OF LEGISLATION TO ADVANCE PRIMARY CARE IN NEW YORK STATE: PCDC WORKED CLOSELY WITH LAWMAKERS AND WITH A LOBBYING FIRM, TO DRAFT TWO PIECES OF LEGISLATION THAT WOULD EXPAND AND ENHANCE PRIMARY CARE IN NEW YORK STATE. THE FIRST, S5139/A4593, WOULD AMEND THE LEGISLATION THAT CREATED THE NEW YORK STATE COMMUNITY HEALTH CARE REVOLVING CAPITAL LOAN FUND, WHICH IS ADMINISTERED BY PCDC. THE BILL WOULD EXPAND THE LIST OF ELIGIBLE USES OF THE FUND TO ALLOW FOR WORKING CAPITAL AND OPERATIONAL EXPENSES. THE SECOND, S6534A/A7230, SEEKS TO DEFINE, MEASURE, AND REPORT ON CURRENT PRIMARY CARE SPENDING, AND INCREASE THE PROPORTION OF THE HEALTH CARE DOLLAR THAT GOES TO PRIMARY CARE SERVICES ACROSS ALL PAYERS. PCDC POLICY STAFF WORKED TO CREATE MESSAGING AND COLLATERALS IN SUPPORT OF THESE BILLS, SECURE MEDIA ANNOUNCEMENTS, ENGAGE STAKEHOLDERS ACROSS THE STATE TO GAIN THEIR SUPPORT, AND MEET WITH SEVERAL LAWMAKERS TO ADVOCATE FOR THEIR PASSAGE. BOTH BILLS WERE MET WITH A POSITIVE RESPONSE AND SAW SWIFT INITIAL MOVEMENT IN THE LEGISLATURE, BEING PASSED OUT OF BOTH THE ASSEMBLY AND SENATE HEALTH COMMITTEES. S6534A WAS ALSO SUBSEQUENTLY PASSED OUT OF THE ASSEMBLY CODES COMMITTEE. BOTH BILLS WILL BE CARRIED OVER TO NEXT YEAR'S LEGISLATIVE SESSION. HOSTING A LEGISLATIVE BRIEFING ON THE NEED TO INCREASE SUPPORT FOR PRIMARY CARE IN LIGHT OF COVID-19 CHALLENGES: MODERATED BY PCDC CEO, LOUISE COHEN, THE EVENT FEATURED A CONVERSATION BETWEEN THREE PRIMARY CARE PROVIDERS FROM ACROSS NEW YORK STATE IN WHICH THEY EACH SHARED THEIR EXPERIENCES PROVIDING CARE THROUGHOUT THE COVID-19 PANDEMIC AND THOUGHTS ON HOW TO IMPROVE PRIMARY CARE GOING FORWARD. THE EVENT OPENED WITH INTRODUCTORY REMARKS FROM THE CHAIRS OF THE ASSEMBLY AND SENATE HEALTH COMMITTEES, ASSEMBLYMEMBER RICHARD GOTTFRIED AND SENATOR GUSTAVO RIVERA. OVER THIRTY LEGISLATIVE OFFICES HAD STAFF IN ATTENDANCE AT THE EVENT.TESTIFYING IN SUPPORT OF PRIMARY CARE: PCDC CEO, LOUISE COHEN, TESTIFIED BEFORE THE NEW YORK STATE LEGISLATURE'S JOINT LEGISLATIVE BUDGET HEARING ON HEALTH/MEDICAID, HIGHLIGHTING THE IMPORTANCE OF PRIMARY CARE, ITS IMPACT ON HEALTH OUTCOMES FOR NEW YORK STATE RESIDENTS, AND PCDC'S WORK ACROSS THE STATE. RELEASING REPORTS AND BRIEFS ON PRIMARY CARE ACCESS: PCDC'S EVALUATION AND ANALYTICS UNIT ISSUED TWO NEW BRIEFS WITHIN THE POINTS ON CARE SERIES: TODAY'S HEALTH INEQUITIES IN NEW YORK CITY DRIVEN BY HISTORIC REDLINING PRACTICES, WHICH EXAMINES HOW DISCRIMINATORY LENDING AND HOUSING PRACTICES RESULTED IN THE CREATION OF HEALTH DISPARITIES ACROSS NEW YORK CITY, AND RISING NEED FOR BEHAVIORAL HEALTH INTEGRATION, WHICH REVIEWS THE MOST RECENT INFORMATION ON PRIMARY AND BEHAVIORAL HEALTH CARE INTEGRATION AS WELL AS EMERGING DATA ON RISING BEHAVIORAL HEALTH NEEDS AMID THE COVID-19 PANDEMIC. PCDC ALSO RELEASED A NEW REPORT: PRIMARY CARE ACCESS IN LOS ANGELES COUNTY SUPERVISORIAL DISTRICTS. THIS REPORT PROVIDES NEW INFORMATION ON PRIMARY CARE ACCESS AND HEALTH STATUS FOR RESIDENTS OF LOS ANGELES COUNTY'S FIVE SUPERVISORIAL DISTRICTS, DEMONSTRATING HOW THESE MEASURES VARY WITHIN AND ACROSS DISTRICTS. BY PRESENTING THIS DATA AT THE SUPERVISORIAL DISTRICT LEVEL, PCDC HOPES TO EMPOWER POLICYMAKERS AND PRIMARY CARE ADVOCATES TO ADDRESS EXISTING INEQUITIES IN ACCESS TO QUALITY PRIMARY CARE ACROSS LOS ANGELES.ADVOCATING PUBLICLY AND FREQUENTLY FOR IMPROVED PRIMARY CARE ACCESS: THROUGH MULTIPLE PUBLIC COMMENTS AND SIGNING ON TO LETTERS FROM OTHER ORGANIZATIONS, PCDC LENT ITS VOICE TO MULTIPLE POLICY CONCERNS INCLUDING DISPARITIES IN PRIMARY CARE ACCESS AMONG NEW YORK CITY COUNCIL DISTRICTS AND ACROSS NEW YORK STATE; THE NEED TO INTEGRATE PRIMARY AND BEHAVIORAL HEALTH CARE; AND PRIORITIZING PRIMARY CARE IN COVID-19 RECOVERY, INCLUDING THROUGH STIMULUS FUNDING, AND, IN PARTICULAR, POLICIES THAT WOULD THREATEN THE STABILITY AND EFFECTIVENESS OF THE FEDERAL 340B DRUG PRICING PROGRAM AT THE FEDERAL AND STATE LEVELS IN BOTH CALIFORNIA AND NEW YORK. PCDC WAS ESPECIALLY ACTIVE IN ADVOCACY TO PROTECT THE 340B PROGRAM IN NEW YORK STATE, THROUGH JOINING A STATEWIDE COALITION TO PROTECT SAFETY NET PROVIDERS AND MEETING WITH LAWMAKERS TO PROVIDE PCDC'S UNIQUE PERSPECTIVE ON THE MATTER AS A FINANCING INSTITUTION. 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 HEALTH EQUITY. 9537362 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 51 0 1 56 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 NY AL AK AR CA CO CT FL GA HI IL KS KY LA ME MD MA MI MS NH NJ NC ND OH OK OR PA RI SC TN UT VA WA WV WI MN MO NM X DAN LEHMAN CFO 2124373927 45 BROADWAY SUITE 530 NEW YORK NY 10006 CAROL RAPHAEL VICE CHAIR 1.00 X X 0 0 0 CAROLYN TAIN BOARD MEMBER 1.00 X 0 0 0 CHRISTOPHER KOLLER BOARD MEMBER 1.00 X 0 0 0 DAVID A GOULD CHAIRMAN 1.00 X X 0 0 0 DAVID CHOKSHI BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 DAVID MANKO BOARD MEMBER 1.00 X 0 0 0 DIANA MASON BOARD MEMBER 1.00 X 0 0 0 DONALD L ASHKENASE SECRETARY (OUTGOING) 1.00 X X 0 0 0 DUDLEY BENOIT BOARD MEMBER 1.00 X 0 0 0 EMILY FLYNN BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 GARY JACOBS BOARD MEMBER 1.00 X 0 0 0 HELEN ARTEAGA LANDAVERDE BOARD MEMBER 1.00 X 0 0 0 HENRY CHUNG BOARD MEMBER 1.00 X 0 0 0 JAMES F CRYSTAL BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 JOHN RUGGE SECRETARY 1.00 X 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 MARK LEVINE BOARD MEMBER 1.00 X 0 0 0 MATT SIEGLER BOARD MEMBER 1.00 X 0 0 0 OXIRIS BARBOT BOARD MEMBER (OUTGOING) 1.00 X 0 0 0 PABLO BRAVO BOARD MEMBER 1.00 X 0 0 0 SARAH GELFAND BOARD MEMBER 1.00 X 0 0 0 SCOTT MORGAN TREASURER 1.00 X X 0 0 0 SUZETTE GORDON BOARD MEMBER 1.00 X 0 0 0 UDAI TAMBAR BOARD MEMBER 1.00 X 0 0 0 YVETTE TEOFAN BOARD MEMBER 1.00 X 0 0 0 LOUISE COHEN CHIEF EXECUTIVE OFFICER 40.00 X 345278 0 22875 MICHAEL ROSEN CFO/COO (OUTGOING) 40.00 X 270100 0 31247 ANNE DYJAK MANAGING DIR., CAPITAL INV 40.00 X 247582 0 15147 GITA RAO CHIEF CREDIT OFFICER 40.00 X 191825 0 51668 ISAAC KASTENBAUM MANAGING DIR., PERF. 40.00 X 223688 0 13752 WILLIAM O'BRIEN CHIEF LENDING OFFICER 40.00 X 204525 0 49872 ADAM CARSON DEPUTY MANAGING DIR. 40.00 X 176440 0 27237 ANDREW PHILIP SR. DIR. CLINICAL & POP. H 40.00 X 178709 0 19638 DAVID DESAI-RAMIREZ SENIOR DIRECTOR 40.00 X 174149 0 40037 NANCY LAGER DIRECTOR, CAPITAL INVEST 40.00 X 175969 0 25664 SHUK HAN LEUNG DIRECTOR OF FINANCE 40.00 X 178684 0 37375 2366949 0 334512 21 0 1 0 HADEN GROUP LLC DBA TECHNOLOGY ON PREMIS 222 E 46TH ST RM 403 NEW YORK NY 10017 IT CONSULTING 206927 MCCARTER & ENGLISH LLP WORLDWIDE PLAZA 825 EIGHTH AVE 3 NEW YORK NY 10019 LEGAL SERVICES 161328 2 4293362 10968554 15261916 PROGRAM FEES 900099 4475667 4475667 INTEREST ON LOANS 900099 3328375 3328375 7804042 260218 260218 1822500 2541 1895246 1087 -72746 1454 -71292 1454 -72746 RECOVERY OF UNCOLLECTIBLE ACCT 900099 450000 450000 MISCELLANEOUS INCOME 900099 17 17 450017 23704901 8255513 0 187472 1707929 1127540 564873 15516 4677818 3896675 764233 16910 165759 150059 15424 276 552512 443921 106019 2572 486063 394940 89001 2122 584597 565879 18718 58311 58311 51102 51102 444430 410696 23469 10265 162917 108366 46563 7988 288654 212204 73530 2920 571266 452223 115288 3755 567 113 454 39726 38541 1185 1149058 1140221 8837 65926 51990 13519 417 61715 500 61215 PROVISION FOR LOAN LOSS 170783 170783 DUES & SUBSCRIPTIONS 77429 67965 9464 350731 253644 89891 7196 11667293 9537362 2059994 69937 39014935 60550252 870855 1271389 299867 718165 49662470 52867878 160147 150814 675858 419012 301809 256846 5203685 8627702 20745 24260 4943115 4850331 100477628 129317637 1517910 1842105 4013590 1655341 27128052 46213640 24562511 24493375 57222063 74204461 X 25175562 28372673 18080003 26740503 43255565 55113176 100477628 129317637 12037608 -179997 0 X X 0 1 X 1 1 1 X 4580693 3853234 3164161 4354066 15261916 31214070 4580693 3853234 3164161 4354066 15261916 31214070 9326060 21888010 290678 317035 347997 335439 260218 1551367 204840 190985 32705 53040 450017 931587 33697024 35427634 0.64960 0.88320 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2020 AMOUNT: $ 17. FUNDRAISING INCOME - 2016 AMOUNT: $ 204,840. 2017 AMOUNT: $ 190,985. 2018 AMOUNT: $ 32,705. 2019 AMOUNT: $ 53,040. 2020 AMOUNT: $ 0. RECOVERY OF UNCOLLECTIBLE ACCT - 2020 AMOUNT: $ 450,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 63769 0 0 63769 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 AND OBTAIN FUNDING FOR PCDC-LED INITIATIVES THAT EXPAND ACCESS TO AND STRENGTHEN PRIMARY CARE. 375168 244884 130284 183338 110466 72872 117352 63662 53690 256846 RESERVES AND DEPOSITS PAYABLE 4134880 DEFERRED RENT 217387 DUE TO NEW YORK CITY BOND PROGRAM 583387 DUE TO THIRD PARTY 19557721 24493375 X 23524904 -179997 -179997 23704901 0 23704901 11667293 0 11667293 0 11667293 PART X, LINE 2: PCDC HAS NO UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2021 AND 2020 IN ACCORDANCE WITH ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. X X X X X 0 0 0 0 0 0 0 1 0 LOUISE COHEN CHIEF EXECUTIVE OFFICER 344090 0 0 0 1188 0 18927 0 3948 0 368153 0 0 0 MICHAEL ROSEN CFO/COO (OUTGOING) 268912 0 0 0 1188 0 14646 0 16601 0 301347 0 0 0 ANNE DYJAK MANAGING DIR., CAPITAL INV 246808 0 0 0 774 0 12170 0 2977 0 262729 0 0 0 WILLIAM O'BRIEN CHIEF LENDING OFFICER 203751 0 0 0 774 0 10874 0 38998 0 254397 0 0 0 GITA RAO CHIEF CREDIT OFFICER 191645 0 0 0 180 0 10380 0 41288 0 243493 0 0 0 ISAAC KASTENBAUM MANAGING DIR., PERF. 223568 0 0 0 120 0 0 0 13752 0 237440 0 0 0 SHUK HAN LEUNG DIRECTOR OF FINANCE 163933 0 14337 0 414 0 8684 0 28691 0 216059 0 0 0 DAVID DESAI-RAMIREZ SENIOR DIRECTOR 174014 0 0 0 135 0 0 0 40037 0 214186 0 0 0 ADAM CARSON DEPUTY MANAGING DIR. 176278 0 0 0 162 0 629 0 26608 0 203677 0 0 0 NANCY LAGER DIRECTOR, CAPITAL INVEST 174781 0 0 0 1188 0 8918 0 16746 0 201633 0 0 0 ANDREW PHILIP SR. DIR. CLINICAL & POP. H 178547 0 0 0 162 0 5304 0 14334 0 198347 0 0 0 PART I, LINE 7 NO BONUS PAYMENT WAS APPROVED DURING CALENDAR YEAR 2020 (FISCAL YEAR 20) DUE TO COVID. THE ONLY BONUS LISTED IN SCHEDULE J REPRESENTS PAYMENT OF BONUS ACCRUED IN PRIOR FISCAL YEAR BUT DEFERRED TO BE PAID IN CALENDAR YEAR 2020. FORM 990, PART VI, SECTION A, LINE 2 CAROL RAPHAEL, VICE CHAIR, AND CHRISTOPHER KOLLER, BOARD MEMBER HAVE A BUSINESS RELATIONSHIP AS BOTH BEING BOARD MEMBERS OF THE COMMONWEATH CARE ALLIANCE. THE DAUGHTER OF DAVID MANKO, BOARD MEMBER, WAS EMPLOYED BY PCDC AS AN INTERN. THE INTERNSHIP ENDED IN DECEMBER OF 2020. 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 HIS OR HER 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. SIMILARILY, 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. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMPARABLE DATA IS COMPILED 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 SURVEY 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 THE COMPENSATION DATA PREPARED BY THE INDEPENDENT CONSULTANT. THE BOARD MAKES THE FINAL DECISION IN AN EXECUTIVE SESSION WITH NO STAFF PRESENT. KEY EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO AND CFO ANNUALLY BASED PRIMARILY ON PERFORMANCE APPRAISALS AND COMPARABLE SALARY SURVEY PREPARED BY THE INDEPENDENT CONSULTANT AND IS REVIEWED BY THE GC. FORM 990, PART VI, SECTION C, LINE 19 PCDC'S AUDITED FINANCIAL STATEMENTS, CONFLICT OF INTEREST AND GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. PCDC EMPIRE STATE HEALTH OPPORTUNITIES FUND IV LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 262054736 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 3 1000 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND V LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 471122026 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1 950 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND VI LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 471147896 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1 750 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND VII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 471150721 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 5 700 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND VIII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 471160866 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 2 400 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND IX LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 471174154 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 500 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND X LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 471186012 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1200 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XI LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 471197703 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 7 1250 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 471208668 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 16 900 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XIII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 474416943 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 7 1300 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XIV LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 474439649 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 2 850 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XV LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 474452002 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1 650 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XVI LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 474464362 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1 800 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XVII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 474476378 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 4 1100 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XVIII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814830979 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1000 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XIX LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814845795 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 14 900 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XX LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814859546 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1 550 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXI LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814878558 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 700 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814914582 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1 900 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXIII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814932296 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 7 1000 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXIV LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814835602 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1 800 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXV LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814852986 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 650 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXVI LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814871292 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1 1000 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXVII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 814889085 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 950 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXVIII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 824907042 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 1000 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXIX LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 824923506 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 900 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXX LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 852534624 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 550 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXXI LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 852568577 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 625 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXXII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 852615152 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 0 1 0.99000 PCDC HEALTH OPPORTUNITIES FUND XXXIII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 852647296 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 600 0 1 0.00010 PCDC HEALTH OPPORTUNITIES FUND XXXIV LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 852667723 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 0 1 0.99000 PCDC HEALTH OPPORTUNITIES FUND XXXV LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 852701908 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 0 1 0.99000 PCDC HEALTH OPPORTUNITIES FUND XXXVI LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 852709023 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 0 1 0.99000 PCDC HEALTH OPPORTUNITIES FUND XXXVII LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 852560563 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 0 1 0.99000 HEALTHCO C/O PCDC 45 BROADWAY NEW YORK NY 10006 464147984 PCDC LOAN PROGRAMS NY PCDC RELATED 500 0 0 0.33330 PCDC NMTC HEALTH FUND LLC C/O PCDC 45 BROADWAY NEW YORK NY 10006 831213730 HEALTH CARE NMTC PROGRAM LOANS NY PCDC RELATED 0 1 1.00000 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 1 PCDC HEALTH OPPORTUNITIES FUND LLC XXVIII L 357640 COST PCDC HEALTH OPPORTUNITIES FUND LLC XXIX L 313250 COST PCDC HEALTH OPPORTUNITIES FUND LLC XXX L 191431 COST PCDC HEALTH OPPORTUNITIES FUND LLC XXXI L 206458 COST PCDC HEALTH OPPORTUNITIES FUND LLC XXXIII L 195583 COST PCDC HEALTH OPPORTUNITIES FUND LLC XIII L 65000 COST PCDC HEALTH OPPORTUNITIES FUND LLC XI L 62500 COST PCDC HEALTH OPPORTUNITIES FUND LLC X L 60000 COST PCDC HEALTH OPPORTUNITIES FUND LLC XVII L 55000 COST FORM 990, SCHEDULE R - PART III: BETWEEN FISCAL YEARS 2007 AND 2021, PCDC WAS AWARDED $313 MILLION IN NEW MARKETS TAX CREDIT ("NMTC") ALLOCATION TO FINANCE THE CONSTRUCTION OF HEALTH CENTERS IN LOW-INCOME COMMUNITIES. THE PROGRAM, ADMINISTERED BY THE COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS FUND ("CDFI FUND"), A BRANCH OF THE U.S. DEPARTMENT OF THE TREASURY, REQUIRES THAT NONPROFIT AWARD RECIPIENTS CREATE A FOR-PROFIT ENTITY OR ENTITIES THROUGH WHICH THE TAX CREDIT ALLOCATION FLOWS. AS SUCH, PCDC CREATED 37 SUCH ENTITIES, ALL OF WHICH ARE MULTI-MEMBER LIMITED LIABILITY COMPANIES. AS OF JUNE 30, 2021, 29 OF THESE ENTITIES ARE IN USE. 3 LLCS WERE UNWOUND AFTER THE END OF THEIR 7-YEAR COMPLIANCE PERIOD. PURSUANT TO THE AMENDED OPERATING AGREEMENTS FOR ACTIVE LLCS, PCDC RETAINS A 0.01% OWNERSHIP INTEREST WHEN AN INVESTOR MEMBER IS IDENTIFIED IN EACH ENTITY. AT THAT TIME, THE INVESTOR MEMBER BECAME THE 99.99% OWNER MAKING THE NECESSARY QUALIFIED EQUITY INVESTMENT ("QEI") IN THE LLC WHILE PCDC REMAINS THE MANAGING MEMBER. IN THE INDEMNIFICATION AGREEMENTS WITH EACH INVESTOR PCDC AGREES TO INDEMNIFY INVESTORS IF THERE IS A LOSS OF NEW MARKET TAX CREDITS RELATED TO THEIR QEI TRIGGERED BY CERTAIN RECAPTURE EVENTS AS DEFINED UNDER THE CODE. THE INDEMNIFICATION AMOUNTS VARY WITH EACH AGREEMENT. ABSENT GROSS OR WILLFUL MISCONDUCT, PCDC'S LIABILITY IS SUBJECT TO THE AFOREMENTIONED INDEMNIFICATION LIMIT IN EACH AGREEMENT WITH AN ESTIMATED AMOUNT TOTALING $17.4 MILLION. PCDC HAS SYSTEMATIC MONITORING PROCEDURES IN PLACE TO AVOID RECAPTURE EVENTS THROUGH TRACKING AND TESTING OF TRANSACTION PAYMENTS, REVIEW OF QUARTERLY FINANCIAL STATEMENTS, CONFIRMATION OF COMPLIANCE CERTIFICATES AND REGULAR MEETINGS OF THE PCDC NMTC ADVISORY BOARD. UNDER THE TERMS OF THE AMENDED OPERATING AGREEMENTS, PCDC MADE A PROPORTIONAL EQUITY CONTRIBUTION BASED ON EACH QEI AND PCDC'S .01% MEMBERSHIP INTEREST IN EACH LLC. IN DECEMBER, 2013 PCDC ENTERED INTO AN AGREEMENT WITH TWO OTHER CDFI'S TO FORM HEALTHCO PARTICIPANT, LLC ("HEALTHCO") AS A FINANCING VEHICLE TO PROVIDE INDIRECT FACILITY FINANCING FOR FEDERALLY QUALIFIED HEALTHCARE CENTERS. PCDC IS ONE OF THREE EQUAL MEMBERS AT 33.33%. UNDER THE LIMITED LIABILITY COMPANY AGREEMENT, ANY INCOME OR EXPENSE OF HEALTHCO IS SHARED EQUALLY BY THE THREE MEMBERS. AT JUNE 30, 2021, PCDC'S INVESTMENT IN HEALTHCO AMOUNTED TO $500.