PCH Development Corporation

Overview

PCH Development Corporation is a nonprofit organization located in Princeton, New Jersey. It is registered as a 501(c)(3) entity and is primarily focused on developing and managing affordable housing for individuals with low to moderate incomes.

Mission

The organization's mission is to identify and capitalize on opportunities to create and manage affordable housing solutions. Beyond developing new housing projects, PCH Development Corporation also provides management services for existing affordable housing properties, ensuring that these homes are well-maintained and meet the needs of their residents.

Activities

PCH Development Corporation works closely with local organizations and municipalities to fund and create affordable housing opportunities. Its activities include property management and administrative support to property owners and local municipalities, helping them fulfill their affordable housing obligations. The organization also fosters partnerships with social service agencies to enhance support for residents.

Financials and Governance

PCH Development Corporation has submitted Form 990, which is required for tax-exempt organizations in the U.S., demonstrating its operational transparency. The organization's revenue primarily comes from program services, with contributions and other revenues making up smaller portions. Executive compensation and other salaries constitute a significant part of its expenses.

In recent years, PCH Development Corporation has been recognized for its financial transparency and efficiency. It has earned a high rating from Charity Navigator, reflecting its effective use of resources and compliance with best practices in nonprofit management.

Impact

By addressing the critical need for affordable housing, PCH Development Corporation plays a vital role in enhancing housing stability and fostering community development in Princeton and surrounding areas. Its work supports economic diversity and improves the quality of life for many families and individuals.

Affiliation

PCH Development Corporation is part of the broader Princeton Community Housing (PCH) structure, which also includes other entities managing and advocating for affordable housing in the community. PCH manages a significant number of affordable rental homes, serving a diverse population of residents with very low, low, and moderate incomes.