Primary CARE Development Corporation
Primary CARE Development Corporation reported $28.3 million in revenue and $12.7 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $74.53 went to program services, $25.15 to management and general costs and $0.32 to fundraising. Its largest source of revenue was contributions and grants: 59.0% of the total. The highest compensation it reported for one person was $423,890 (CEO). 31 people received more than $100,000 in reportable compensation. Revenue rose 99% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $13MFor context, the median across 5,634 covered health care charities: $86.19 programs, $13.81 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $28M- Contributions & grants (non-government)$57.35 $16M
- Government grants$1.59 $450K
- Program service revenue$35.85 $10M
- Investment income$5.21 $1.5M
Other revenue was negative: −$12,096. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 74.5% | 85.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 25.1% | 13.7% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.3% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 59.0% | 1.3% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.6% | 0.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 35.9% | 93.7% |
| Highest reported compensation Part VII-A, columns D–F | $423,890 | $975,831 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 3.34% | 1.34% |
| People paid over $100,000 Part VII, line 2 | 31 | 27 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 71.1 | 6.6 |
| Independent voting board members Part VI 1a–1b | 21 of 21 | 88.9% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseCapital investment: pcdc provides flexible financing and technical expertise to support the development and modernization of community-based Primary Care facilities, with a focus on communities with limited access to services. To date, pcdc has financed around 260 projects totaling nearly $1.8 billion, supporting capacity for approximately 5.3 million medical visits annually serving more than 1.5 million patients nationwide. Pcdc has experienced no loan losses and holds an aeris aa+ financial strength rating and a four-star impact management rating
Consulting & training: pcdc provides consulting, training, and technical assistance to strengthen Primary Care delivery, operations, and financial management. Pcdc has supported more than 4,800 Primary Care organizations nationwide, including assistance to over 1,400 sites in achieving patient-centered medical home recognition. In response to the needs of existing practices and health centers, pcdc expanded financial management and literacy services to strengthen understanding of organizational financial operations. Pcdc also expanded california-based consulting services through state-funded…
Policy, communications, research & evaluation: pcdc conducts policy analysis, research, and stakeholder engagement to inform decision-making and improve Primary Care access and system performance, especially in areas and communities with limited access to services. Through original research, data tools, and thought leadership, pcdc helps policymakers, funders, and health care leaders better understand where Primary Care gaps exist and how resources can be used more effectively. Pcdc's work elevates evidence-based solutions, strengthens accountability, and supports sustainable investments in…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| CEO Officer, 40.00 hrs/week | $403,353 | $0 | $20,537 | $423,890 |
| CHIEF LENDING OFFICER Key employee, 40.00 hrs/week | $265,893 | $0 | $52,113 | $318,006 |
| VP CQP Key employee, 40.00 hrs/week | $245,679 | $0 | $71,597 | $317,276 |
| MANAGING DIR SPA THRU NOV. 2024 Key employee, 40.00 hrs/week | $248,593 | $0 | $18,308 | $266,901 |
| DIR, CAPITAL INVESTMENT Highest compensated employee, 40.00 hrs/week | $214,138 | $0 | $30,946 | $245,084 |
| SR. DIR. OF FINANCE Highest compensated employee, 40.00 hrs/week | $192,239 | $0 | $45,475 | $237,714 |
| SENIOR DIRECTOR Highest compensated employee, 40.00 hrs/week | $211,979 | $0 | $11,952 | $223,931 |
| SR. DIR., PORTFOLIO MANAGEMENT Key employee, 40.00 hrs/week | $192,809 | $0 | $27,703 | $220,512 |
31 people received more than $100,000 in reportable compensation from Primary CARE Development Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.6M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b21 · 21 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 560
- Volunteers Part I, line 621
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| MCCARTER & ENGLISH LLP Legal services | $154,009 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Primary CARE Development Corporation totaling $543K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Primary CARE Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Primary CARE Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Primary CARE Development Corporation spent in FY2025, $74.53 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Homewood Living MartinsburgWilliamsport, MD · revenue $28M · programs 87.3% · 2024
- Intermountain Community CARE FoundationSalt Lake City, UT · revenue $28M · programs 96.5% · 2024
- St John's Rehabilitation Hospital and Nursing CenterLauderdale Lakes, FL · revenue $28M · programs 96.5% · FY2025
- Baptist Health SystemBirmingham, AL · revenue $28M · programs 87.4% · 2024
- Courtland Gardens Nursing and Rehabilitation CenterBaltimore, MD · revenue $28M · programs 72.7% · FY2025
Questions people ask
How much of Primary CARE Development Corporation's spending goes to programs?
In the fiscal year ending June 30, 2025, Primary CARE Development Corporation reported that 74.5% of its $12.7 million in expenses went to program services, 25.1% to management and general and 0.3% to fundraising (Form 990, Part IX).
How much does Primary CARE Development Corporation pay its top executive?
The largest total compensation Primary CARE Development Corporation reported for one person in the fiscal year ending June 30, 2025 was $423,890, for the role of CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Primary CARE Development Corporation get its money?
Of $28.3 million in revenue in the fiscal year ending June 30, 2025, 59.0% came from contributions and grants (including 1.6% from government grants) and 35.9% from program service revenue (Form 990, Part VIII).
Is Primary CARE Development Corporation a registered charity?
The IRS lists EIN 13-3711803 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640349349301874 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202501129349300200 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410409349300541 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202330469349301468 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202201339349306960 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202120649349300417 · read the filing
All filings for EIN 13-3711803: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.