PV Community Development Corporation

Analysis

PV Community Development Corporation is a registered charity in United States, based in Pleasantville, NJ. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, PV Community Development Corporation reported income of $160k and spending of $37k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $222k to $160k (-28%), an average of -7.8% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PV Community Development Corporation sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 56th percentile within NJ. Charities of a similar size with the same main cause include Coalition for Better Living ($160k), Southeast Iowa Housing Inc ($160k) and Sloan Street Housing Development Corporation II ($160k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $1.1m against liabilities of $12k, net assets of $1.1m.