New York · Nonprofit
PRIMARY CARE DEVELOPMENT CORPORATION
PRIMARY CARE DEVELOPMENT CORPORATION (New York) receives grants from 28 organizations whose IRS filings report $29,811,570 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($25,000,000). 17 of them have funded it in more than one year, and 84% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $28M
- Funders on record
- 28
- Grants received
- $30M
- Net assets
- $75M
What Primary Care Development Corporation does
Mission
Primary Care Development Corporation (pcdc) supports access to high-quality primary care nationwide to improve health outcomes. Pcdc works with primary care providers and communities through capital financing, capacity-building services, and policy analysis and advocacy to expand primary care capacity and strengthen care delivery nationwide.
As stated on its FY2025 Form 990.
Programs
Capital 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.
$5,102,274 spent$7,618,750 earned by the program54% of program spendingConsulting & 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 technical assistance, supporting provider participation in statewide payment reform initiatives.
$2,764,980 spent$2,423,162 earned by the program29% of program spendingPolicy, 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 primary care nationwide.
$1,604,242 spent$100,000 earned by the program17% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $9,471,496.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $100M to $129M (+29%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 28% · 2018 21% · 2019 18% · 2020 19% · 2021 18% · 2022 26% · 2023 20% · 2024 15% · 2025 2%. Grants only. Government contracts and fees sit inside program revenue.
59% of PRIMARY CARE DEVELOPMENT CORPORATION’s revenue is contributions — more reliant on donations than three-quarters of its peers (7% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Louise Cohen
CEO
Board chair
Yvette P Teofan
Chair
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 9 funders, grant income rose $54k → $636k.
4 of 28 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 84% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of PRIMARY CARE DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PRIMARY CARE DEVELOPMENT CORPORATION leans on a few funders — its largest provides 84% of grant income and the top three 92%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
86% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PRIMARY CARE DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 42% · 2018 51% · 2019 40% · 2020 43% · 2021 91% · 2022 54% · 2023 47% — growing more concentrated.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
29% of PRIMARY CARE DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 61% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
84% of PRIMARY CARE DEVELOPMENT CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $4.7M that is directly attributable, 81% of it comes from New York funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $25M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PRIMARY CARE DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 2,969 health nonprofits its size.
this organization peer median middle 50% of peers· 2,969 health nonprofits $10M–$100M, FY2025
Government funding PRIMARY CARE DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $25.4M on record — $25.1M federal, $343k state.
- Department of Health and Human Services$19.4M
- Department of the Treasury$5.7M
- Other Contr and 3rd Pty Serv$343k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like PRIMARY CARE DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In New York
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
75% of spending goes to programs.
Governance
Public support
89%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 36 states
Part of a family of 32 related entities
- Pcdc Nmtc Health Fund LLC · disregarded
- Pcdc Pfs01 LLC · disregarded
- Pcdc Health Opportunities Fund Xvi LLC · partnership
- Pcdc Health Opportunities Fund Xvii LLC · partnership
- Pcdc Health Opportunities Fund Xviii LLC · partnership
Screen this organization
A dated, signed PDF of the compliance screen for PRIMARY CARE DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PRIMARY CARE DEVELOPMENT CORPORATION?
- PRIMARY CARE DEVELOPMENT CORPORATION (New York) receives grants from 28 organizations whose IRS filings report $29,811,570 to it, the largest being NATIONAL PHILANTHROPIC TRUST ($25,000,000). 17 of them have funded it in more than one year, and 84% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does PRIMARY CARE DEVELOPMENT CORPORATION have?
- IRS filings report 28 organizations giving $29,811,570 in grants to PRIMARY CARE DEVELOPMENT CORPORATION, 17 of which have funded it in more than one year.
- Who is the largest funder of PRIMARY CARE DEVELOPMENT CORPORATION?
- NATIONAL PHILANTHROPIC TRUST is the largest funder on record, with $25,000,000 in grants. The full list of funders is on this page.
- How can an organization like PRIMARY CARE DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 28 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing