Phoenix Community Development and Investment Corporation
Phoenix Community Development and Investment Corporation (PCDIC) is a public charity based in Phoenix, Arizona, formed in 2002. It supports projects and community facilities in underserved areas, primarily through New Markets Tax Credit financing, and its 2024 filing also describes small-business loans and scholarship grants.
Phoenix Community Development and Investment Corporation at a glance
In short: Phoenix Community Development and Investment Corporation gave $967K across 2 grants in 2024 (avg $483K), mostly in Arizona. Source: 2024 IRS Form 990.
- Annual giving (2024)
- $966,936
- +264.3% vs 2023
- Grants made (2024)
- 2
- -33.3% vs 2023
- Average grant
- $483,468
- +446.4% vs 2023
- Median grant
- $483,468
- Total assets
- $39,881,295
- +1.4% vs 2023
- Primary geography
- Arizona (100% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990, 2024 View filing
Data from IRS Form 990, 2024; updated October 2026.
How to apply to Phoenix Community Development and Investment Corporation
- Contact
Mailing address: 2201 E Camelback Rd Ste 405B, Phoenix, AZ 85016
Phone: (602) 262-6242
Website: https://pcdic.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
1 open opportunity from Phoenix Community Development and Investment Corporation
Who Phoenix Community Development and Investment Corporation funds
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
The largest 2024 recipient was US Vets ($857K). Together the top 2 received $967K.
Grant Size Distribution
97 grants across all recorded years
The most common grant size was under $50K: 46 grants of 97 (47%).
Geographic Focus
Where this funder awards grants
PCDIC describes its investment focus as underserved areas of Phoenix and Maricopa County. Its website’s NMTC project requirements specify eligible low-income census tracts within Maricopa County. The 2024 grants listed in its filing went entirely to Arizona recipients.
Grant Distribution by State
Share of 2024 grant dollars across all 2 itemized grants.
States
Cities
How Phoenix Community Development and Investment Corporation gives
- Giving grew 22% from 2021 to 2024. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $265K (2023) to $3.3M (2022). In 2024 it made 2 grants totaling $967K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| US Vets Phoenix, AZ | Support of U.S. vets' transitional housing program and the temporary relocation efforts | $856,740 |
| Mobile Home Relief Phoenix, AZ | Funding used to provide human services navigation and case management for residents of phoenix mobile home parksfacing eviction due to the sale and change of use of those properties. A total of 134 households comprised of 393 residents from three mobile home parks have been transitioned to permanent housing. Funding also provides ongoing support for these families to ensure that they are stabilized in their new housing environments. | $110,196 |
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Financial History
Multi-year comparison from IRS filings
PCDIC’s website reports $583 million in New Markets Tax Credit allocations awarded since 2002 to support loans for projects in underserved and economically distressed communities. These allocations are financing received by the organization, not grants it reported making.
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2024 | $39,881,295 | $2,921,536 | $2,557,822 | $966,936 | 2 | $1,274,589 |
| 2023 | $39,320,171 | $3,772,700 | $1,982,634 | $265,435 | 3 | $1,300,324 |
| 2022 | $37,376,403 | $2,168,973 | $5,173,835 | $3,282,666 | 66 | $332,887 |
| 2021 | $40,907,790 | $6,695,939 | $2,402,409 | $793,334 | 4 | $240,553 |
| 2020 | $36,272,976 | $4,693,317 | $3,042,872 | $1,703,500 | 22 | $516,692 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
PCDIC’s stated mission is to alleviate poverty and combat community deterioration by serving or providing investment capital for qualified low-income communities through community development entities under Internal Revenue Code Section 45D. Its website describes its mission as attracting and providing funds for projects that improve quality of life for people who live and work in underserved areas.
The organization focuses on flexible loans to community facilities in highly distressed areas, supporting accessible jobs and access to healthcare, education, and social services. Its 2024 filing also describes loans to businesses that do not qualify for traditional lending, scholarships for primarily low- and moderate-income students, and grants to local nonprofits for projects involving affordable housing, community and economic development, health innovation, and youth and family development.
Grantmaking
In filing year 2024, PCDIC reported two grants totaling $966,936. The grants ranged from $110,196 to $856,740, with a median of $483,468. Both recipients were in Arizona.
The largest grant was $856,740 to US VETS in Phoenix for support of its transitional housing program and temporary relocation efforts. PCDIC also reported a $110,196 grant to Mobile Home Relief in Phoenix for navigation and case management for residents facing eviction after mobile home park sales and changes of use. The filing says 134 households, comprising 393 residents from three parks, were transitioned to permanent housing, with ongoing support provided to help stabilize families.
PCDIC’s website describes a $1 million Verma & Ed Pastor Scholarship Fund for Maricopa County students. The listed awards are $2,500 for one academic year at a two-year or community college and $5,000 at a public university; awards may be renewed for one additional year if requirements are met. The listed deadline of May 1, 2026 has passed. The Arizona Community Foundation administers the scholarship for PCDIC.
PCDIC’s website says projects seeking its New Markets Tax Credit financing must be in a federally designated NMTC low-income census tract within Maricopa County, seek at least $8 million in financing, and be shovel-ready.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists John Chan as chair, Titus Matthew as vice chair, Kathleen Gitkin as treasurer, and Ginger Spencer as chair emeritus. It also lists Lloyd Hopkins, Julia Karl, Joseph Losada, and Mario Ventura as board members, and Juan Salgado as chief executive officer.
PCDIC’s website says Phoenix IDA administers the organization. Its website lists a board roster that differs from the officers and directors named in the 2024 filing.
Phoenix Community Development and Investment Corporation is led by Juan Salgado, Chief Executive Officer on every filing since 2020; none of the 9 officers listed in 2024 report compensation.
Officers on the 2024 filing
Juan Salgado
Chief Executive Officer
On filings since 2020
10 hrs/week
No compensation reported
John Chan
Chair
Board Member → Vice Chair, 2022
Vice Chair → Chair, 2024
On filings since 2020
1 hr/week
No compensation reported
Ginger Spencer
Chair Emeritus
Vice Chair → Chair, 2021
Chair → Chair Emeritus, 2023
On filings since 2020
1 hr/week
No compensation reported
Kathleen Gitkin
Treasurer
Board Member → Treasurer, 2022
On filings since 2021
1 hr/week
No compensation reported
Julia Karl
Board Member
On filings since 2022
1 hr/week
No compensation reported
Mario Ventura
Board Member
On filings since 2022
1 hr/week
No compensation reported
Titus Matthew
Vice Chair
Board Member → Vice Chair, 2024
On filings since 2022
1 hr/week
No compensation reported
Joseph Losada
Board Member
On filings since 2023
1 hr/week
No compensation reported
Lloyd Hopkins
Board Member
New on the 2024 filing
1 hr/week
No compensation reported
Former officers (7)
- Former: Susan Barnes (2021–2023) — Chair
- Former: Carmen Heredia (2021–2022) — Board Member
- Former: Diana Yazzie Devine (2020–2021) — Treasurer
- Former: Gwendolyn Relf (2020–2021) — Vice Chair
- Former: Kurt Sheppard (2020) — Board Member
- Former: Milton Dohoney (2020) — Board Member & Chair
- Former: Phillip Breidenbach (2020) — Board Member & Treasurer
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Phoenix Community Development and Investment Corporation
How much does Phoenix Community Development and Investment Corporation give each year?
Phoenix Community Development and Investment Corporation gave $967K across 2 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $265K across 3 grants.
How large is Phoenix Community Development and Investment Corporation?
Phoenix Community Development and Investment Corporation reported $39.9M in total assets on its 2024 IRS Form 990. Its revenue that year was $2.9M.
What does Phoenix Community Development and Investment Corporation fund?
PCDIC’s stated mission is to alleviate poverty and combat community deterioration by serving or providing investment capital for qualified low-income communities through community development entities under Internal Revenue Code Section 45D. See mission & focus areas ↑
How do I apply for a grant from Phoenix Community Development and Investment Corporation?
Phoenix Community Development and Investment Corporation has no public application process in the sources Grantable reviewed. Check pcdic.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Phoenix Community Development and Investment Corporation make grants?
PCDIC describes its investment focus as underserved areas of Phoenix and Maricopa County. Its website’s NMTC project requirements specify eligible low-income census tracts within Maricopa County. The 2024 grants listed in its filing went entirely to Arizona recipients.
What is Phoenix Community Development and Investment Corporation's EIN?
Phoenix Community Development and Investment Corporation's EIN (Employer Identification Number) is 35-2175243. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(6)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS November 12, 2021)
- Updated Form 990 for fiscal year 2021 (received by the IRS November 11, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS October 30, 2023)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 31, 2024)
- Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
- IRS filings on file for fiscal years 2020–2024
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Figures come from Phoenix Community Development and Investment Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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