The Primary Care Development Corporation (PCDC) has received from Aeris — the community development financial institution (CDFI) rating and information service — a Four-star impact performance rating with Policy Plus and AA+ financial strength and performance rating.
PCDC’s AA+ financial strength and performance rating is an enhancement of its previous AA rating, signifying “very strong financial strength, performance, and risk management practices relative to its size, complexity, and risk profile.”
The rigorous Aeris ratings process is widely seen as demonstrating a CDFI’s commitment to transparency and accountability regarding its financial performance and impact in the community.
“PCDC’s strategic community investments support the transformation and expansion of primary care to achieve health equity in underserved communities,” said Anne Dyjak, Managing Director at PCDC. “The Aeris ratings further validate our commitment to providing affordable loan capital and advisory services where they are needed most, in a financially sustainable manner.”
Aeris provides comprehensive, third-party assessments of a community investment fund’s financial strength and performance and impact. Following are definitions of PCDC’s ratings:
Four-star impact performance rating: “A CDFI in this group has exceptional alignment of its impact, mission, strategies, activities, and data that guides its programs and planning. The CDFI fully and effectively uses its resources, both directly and indirectly, in pursuit of its impact mission. Its processes and systems accurately track comprehensive data on an ongoing basis, including both output and longer-term outcome metrics, and it can provide data showing positive changes in achieving its impact goals. Board and management consistently use the data to adjust strategies and activities to improve its effectiveness.
Policy Plus: “Policy change is an integral part of this CDFI’s strategies. The CDFI leads initiatives to change government policy to benefit the community development finance industry or disadvantaged people and communities. The CDFI can provide evidence of its leadership role in recent policy changes that produced benefits beyond additional resources for the CDFI itself, and management can clearly articulate the CDFI’s leadership role in current policy activities.”
AA+ financial strength and performance rating: “A CDFI in this group has very strong financial strength, performance and risk management practices relative to its size, complexity, and risk profile. Challenges are well within the board of directors’ and management’s capabilities and willingness to strengthen. The CDFI is capable of withstanding fluctuations in its operating environment.”
As an Aeris-rated institution, the Primary Care Development Corporation (PCDC) is also included in the Aeris Cloud, the only source of real-time financial and impact performance data on community investment funds. The Aeris Cloud was created to give investors access to Wall Street-quality data on community investment funds such as PCDC.
# # #
About the Primary Care Development Corporation
PCDC is a nationally recognized nonprofit organization and a U.S. Treasury-certified community development financial institution (CDFI) that catalyzes excellence in primary care through strategic community investment, capacity building, and policy initiatives to achieve health equity. Learn more about PCDC’s programs to expand and transform the primary care sector at pcdc.org.
Aeris guides capital to good. Since 2004, the nation’s leading community investors have used Aeris’ data and ratings to support their community investing. Aeris’ clients range from large financial institutions with Community Reinvestment Act (CRA) commitments , mission-driven charitable foundations, government, private wealth managers, and more. Its proprietary ratings help investors evaluate opportunities that meet their impact goals and risk parameters. Learn more at aerisinsights.com.