Primary Care Development Corporation
Primary Care Development Corporation (PCDC) is a New York, New York–based public charity and U.S. Treasury-certified Community Development Financial Institution. It supports primary care access and health equity through capital financing, consulting and training, and advocacy.
Primary Care Development Corporation at a glance
- Total assets
- $170,477,187
- +15.0% vs 2024
- Revenue (2025)
- $28,277,474
- +114.5% vs 2024
- Net investment income (2025)
- $1,474,203
- +8.7% vs 2024
- Expenses (2025)
- $12,707,402
- -13.7% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Primary Care Development Corporation
- Contact
Mailing address: 39 Broadway Floor 31, New York, NY 10006
Phone: (212) 437-3940
Website: https://pcdc.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Open Grants
4 open opportunities from Primary Care Development Corporation
Behavioral Health Care Resiliency Fund
Primary Care Development Corporation
Amount
Up to $500,000
Deadline
Deadline not published
California Health Impact Fund
Primary Care Development Corporation
Amount
Varies
Deadline
Deadline not published
New York State Revolving Capital Fund
Primary Care Development Corporation
Amount
Varies
Deadline
Deadline not published
Who Primary Care Development Corporation funds
Geographic Focus
Where this funder awards grants
PCDC describes its work as supporting communities across the country. Its programs also include financing specifically for California community health centers and eligible providers in New York State. The organizations listed as receiving grants in 2020 are based in New York State.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 13 grants totaling $290K.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $170,477,187 | $28,277,474 | $12,707,402 | — | — | $1,474,203 |
| 2024 | $148,220,209 | $13,180,974 | $14,717,880 | — | — | $1,356,106 |
| 2023 | $142,976,892 | $14,158,594 | $15,202,525 | — | — | $980,986 |
| 2022 | $131,968,263 | $17,167,926 | $12,753,321 | — | — | $273,568 |
| 2021 | $129,317,637 | $23,704,901 | $11,667,293 | — | — | $188,926 |
| 2020 | $100,477,628 | $14,220,492 | $13,930,023 | $290,000 | 13 | $334,810 |
| 2019 | $93,930,403 | $13,952,236 | $11,573,611 | — | — | $337,528 |
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
PCDC’s mission is to strengthen communities and build health equity through strategic primary care investment, expertise, and advocacy. Its work includes financing projects that expand or improve primary care and behavioral health capacity, helping providers adapt their delivery models, and supporting policy initiatives related to primary care access, investment, and workforce.
PCDC’s website describes financing for community-based health providers, including facility, equipment, bridge, working-capital, and New Markets Tax Credit financing. Its Transformation Loan Fund supports investments such as electronic health record upgrades, integrated medical, dental, and behavioral health services, workforce expansion, telehealth, and mobile care. Other programs described by PCDC include a California loan fund for community health centers and a New York State revolving fund for eligible community-based providers.
The organizations listed as receiving $30,000 each in 2020 include health centers and other providers serving medically underserved communities. For example, Bedford Stuyvesant Family Health Center described its work as providing a broad range of health services to a largely medically underserved Brooklyn population. Apicha Community Health Center described its mission as providing high-quality, equitable, whole-person, culturally responsive care in an inclusive and welcoming manner. These are the grantees’ descriptions of their own missions.
Grantmaking
The IRS filing data lists zero grants for each of 2023, 2024, and 2025. Separately, the available information lists eight organizations that received $30,000 each from PCDC in 2020: Bedford Stuyvesant Family Health Center, Community Health Center of Richmond, Damian Family Care Centers, Joseph P. Addabbo Family Health Center, East Harlem Council for Human Services, Apicha Community Health Center, Settlement Health & Medical Services, and Community Health Project.
PCDC also offers financing programs, including the Transformation Loan Fund, the California Health Impact Fund, and the New York State Revolving Capital Fund. These are loan programs, not grants. PCDC’s website states that there are no open requests for proposals in its procurement section; it does not describe that section as a grant application process.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 IRS filing lists Yvette P Teofan as chair, Carol Raphael as vice chair, Scott Morgan as treasurer, and John Rugge as secretary. It lists Cyrus Batheja, Dudley Benoit, Alan Branson, Pablo Bravo, Jonathan Champman, and Gerrelda Davis as board members.
Primary Care Development Corporation is led by Louise Cohen, CEO since 2022 (on filings since 2019); 12 of 33 officers listed in 2025 are compensated.
Officers on the 2025 filing
Louise Cohen
CEO
Chief Executive Officer → CEO, 2022
On filings since 2019
40 hrs/week
$352K (2019) → $403K (2025)
Yvette P. Teofan
Chair
Board Member → Vice Chair, 2023
Vice Chair → Chair, 2025
On filings since 2019
1 hr/week
No compensation reported
Cynthia Summers
Managing Director Spa
On filings since 2022
40 hrs/week
$203K (2022) → $249K (2025)
Nancy Lager
Director & Capital Investment
Director & Capital Investment → Senior Director & Capital Investment, 2022
Senior Director & Capital Investment → Director & Capital Investment, 2025
On filings since 2019
40 hrs/week
$161K (2019) → $214K (2025)
Shuk Han Leung
Senior Director of Finance
Director of Finance → Senior Director of Finance, 2022
On filings since 2019
40 hrs/week
$160K (2019) → $192K (2025)
Christina Lindstrom
Director of Administration
On filings since 2024
40 hrs/week
$205K (2024) → $208K (2025)
Julie Schilz
Senior Director
On filings since 2024
40 hrs/week
$206K (2024) → $212K (2025)
Anne Geggie
Senior Director & Portfolio Management
New on the 2025 filing
40 hrs/week
$193K (2025)
Shereen Santalesa
Human Resources Director
New on the 2025 filing
40 hrs/week
$170K (2025)
William O'Brien
Chief Lending Officer
On filings since 2019
40 hrs/week
$196K (2019) → $266K (2025)
Isaac Kastenbaum
Vice President Cqp
Managing Director & Perf. → Vice President Cqp, 2022
On filings since 2021
40 hrs/week
$224K (2021) → $246K (2025)
Assunta Rosa
Interim CFO
On filings since 2024
40 hrs/week
$44K (2024) → $157K (2025)
Ana Prado-Sancho
CFO
New on the 2025 filing
40 hrs/week
$97K (2025)
Carol Raphael
Vice Chair
Board Member → Vice Chair, 2020
On filings since 2019
1 hr/week
No compensation reported
Christopher Koller
Board Member
On filings since 2019
1 hr/week
No compensation reported
Diana Mason
Board Member
On filings since 2019
1 hr/week
No compensation reported
Dudley Benoit
Board Member
On filings since 2019
1 hr/week
No compensation reported
John Rugge
Secretary
Board Member → Secretary, 2021
On filings since 2019
1 hr/week
No compensation reported
Jorge R. Petit
Board Member
On filings since 2019
1 hr/week
No compensation reported
Lori Scott
Board Member
On filings since 2019
1 hr/week
No compensation reported
Scott Morgan
Treasurer
Board Member → Treasurer, 2020
On filings since 2019
1 hr/week
No compensation reported
Udai Tambar
Board Member
On filings since 2020
1 hr/week
No compensation reported
Helen Arteaga Landaverde
Board Member
On filings since 2021
1 hr/week
No compensation reported
Matt Siegler
Board Member
On filings since 2021
1 hr/week
No compensation reported
Pablo Bravo
Board Member
On filings since 2021
1 hr/week
No compensation reported
Alan Branson
Board Member
On filings since 2023
1 hr/week
No compensation reported
Cyrus Batheja
Board Member
On filings since 2023
1 hr/week
No compensation reported
John Holdsclaw
Board Member
On filings since 2023
1 hr/week
No compensation reported
Marlene Zurack
Board Member
On filings since 2023
1 hr/week
No compensation reported
Gerrelda Davis
Board Member
On filings since 2024
1 hr/week
No compensation reported
Jonathan Champman
Board Member
On filings since 2024
1 hr/week
No compensation reported
Terrie Sterling
Board Member
On filings since 2024
1 hr/week
No compensation reported
Whitney Phelps
Board Member
On filings since 2024
1 hr/week
No compensation reported
Former officers (36)
- Former: David A. Gould (2019–2024) — Chair
- Former: Deborah Johnson Ingram (2020–2024) — Senior Director Cqp
- Former: Henry Chung (2021–2024) — Outgoing Board Member
- Former: Daniel Lehman (2022–2024) — Outgoing Exe Vice President & CFO
- Former: Amy Barnett (2019–2023) — Director of Administration
- Former: Carolyn Tain (2019–2023) — Board Member
- Former: David A. Manko (2019–2023) — Board Member
- Former: Gary M. Jacobs (2019–2023) — Board Member
- Former: Suzette E. Gordon (2019–2023) — Board Member
- Former: Deborah Johnson (2022–2023) — Senior Director Cqp
- Former: Matt Siegler Ex Officio (2022–2023) — Board Member
- Former: Dana Reed (2023) — Mng Director & Cap Investment
- Former: Henrietta Croswell (2023) — Senior Director
- Former: Anne Dyjak (2019–2022) — Mng Director & Cap Investment
- Former: Gita Rao (2019–2022) — Chief Credit Officer
- Former: Mark Levine (2019–2022) — Board Member
- Former: Michael Rosen (2019–2022) — CFO
- Former: Sarah Gelfand (2019–2022) — Board Member
- Former: Andrew Phillip (2020–2022) — S Director Clin & P Hlth
- Former: David Chokshi (2019–2021) — Board Member
- Former: Donald L. Ashkenase (2019–2021) — Secretary
- Former: Emily Flynn (2019–2021) — Board Member
- Former: James F. Crystal (2019–2021) — Board Member
- Former: Oxiris Barbot (2019–2021) — Board Member
- Former: Adam Carson (2020–2021) — Deputy Managing Director
- Former: David Desai-Ramirez (2021) — Senior Director
- Former: Avital Havusha (2019–2020) — Managing Director & Perf.
- Former: Corey Johnson (2019) — Board Member
- Former: Daniel T. McGowan (2019) — Chairman
- Former: L. Nathan Hare (2019) — Board Member
- Former: Laura Leale (2019) — Chief Development Officer
- Former: Lori Glass (2019) — Director & Capital Investment
- Former: Mary Basset (2019) — Board Member
- Former: Reema Fakih (2019) — Director & Capital Investment
- Former: Ruth Salzman (2019) — Treasurer
- Former: Warria A. Esmond (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $403K, to Louise Cohen (CEO). 12 officers or directors reported compensation on that filing.
Frequently asked questions about Primary Care Development Corporation
How large is Primary Care Development Corporation?
Primary Care Development Corporation reported $170.5M in total assets on its 2025 IRS Form 990. Its revenue that year was $28.3M.
What does Primary Care Development Corporation fund?
PCDC’s mission is to strengthen communities and build health equity through strategic primary care investment, expertise, and advocacy. See mission & focus areas ↑
How do I apply for a grant from Primary Care Development Corporation?
Primary Care Development Corporation has no public application process in the sources Grantable reviewed. Check pcdc.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Primary Care Development Corporation make grants?
PCDC describes its work as supporting communities across the country. Its programs also include financing specifically for California community health centers and eligible providers in New York State. The organizations listed as receiving grants in 2020 are based in New York State.
What is Primary Care Development Corporation's EIN?
Primary Care Development Corporation's EIN (Employer Identification Number) is 13-3711803. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2020 (received by the IRS March 5, 2021)
- IRS filings on file for fiscal years 2019–2025
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Primary Care Development Corporation down — hundreds of funders to go?