Meherrin Development Corp Inc in Disputanta, Virginia (VA)
Table of contents:
- Overview
- Detailed Reports
- Analysis of Revenue and Expenses
- Balance Sheets
- Capital Gains and Losses for Tax on Investment Income
- Excise Tax Based on Investment Income
- Statements Regarding Activities
- Statements Regarding Activities for Which Form 4720 May Be Required
- Minimum Investment Return
- Distributable Amount
- Undistributed Income
- Private Operating Foundations
- Organizations performing similar types of work
| Meherrin Development Corp Inc | |
| Employer Identification Number (EIN) | 311705195 |
| Name of Organization | Meherrin Development Corp Inc |
| Address | 13413 Prince George Dr, Disputanta, VA 23842 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2003 |
| Deductibility | Contributions are deductible |
| Foundation | Private non-operating foundation |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2010 |
| Assets | $1 to $9,999 |
| Income | $1 to $9,999 |
| Filing Requirement | 990 - Not required to file (all other) |
| Asset Amount | $1 |
| Amount of Income | $1 |
| Form 990 Revenue Amount | $1 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2010: $1 (it was $1 in 2009)
| This organization: | $1 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2010: $1 (it was $1 in 2009)
| This organization: | $1 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2010: $0
| Meherrin Development Corp Inc: | $0 |
| Other organizations performing similar types of work: | $118,087 |
Grants share in income in 2010: 0.0%
| This organization: | 0.0% |
| Other organizations performing similar types of work: | 87.4% |
| Analysis of Revenue and Expenses (for 2010) | ||||
| Revenue and expenses per books | Net investment income | Adjusted net income | Disbursements for charitable purposes (cash basis only) | |
|---|---|---|---|---|
| Total revenue | $1 | $0 | $0 | |
| Contributions, gifts, grants, etc., received | $0 | |||
| Interest on savings and temporary cash investments | $0 | |||
| Dividends and interest from securities | $0 | |||
| Gross rents | $0 | |||
| Gross profit from sales of goods | $0 | |||
| Other income | $0 | |||
| Other | $1 | |||
| Total expenses and disbursements | $0 | $0 | $0 | $0 |
| Excess of revenue over expenses and disbursements | $0 | |||
| Net investment income | $0 | |||
| Adjusted net income | $0 | |||
| Balance Sheets (for 2010) | ||
| Book Value | Fair Market Value | |
|---|---|---|
| Total assets | $1 | $0 |
| Cash - non-interest-bearing | $0 | |
| Investments-U.S. and state government obligations | $0 | |
| Investments-corporate stock | $0 | |
| Investments-corporate bonds | $0 | |
| Investments-mortgage loans | $0 | |
| Investments-other | $0 | |
| Other | $1 | |
| Total liabilities | $0 | |
| Total liabilities and net assets/fund balances | $0 | |
| Capital Gains and Losses for Tax on Investment Income (for 2010) | |
| Capital gain net income | $0 |
| Net capital loss | $0 |
| Excise Tax Based on Investment Income (for 2010) | |
| Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income) | No |
| Tax based on investment income | $0 |
| Total credits and payments | $0 |
| Any penalty for underpayment of estimated tax | $0 |
| Tax due | $0 |
| Amount to be credited to 2011 estimated tax | $0 |
| Statements Regarding Activities (for 2010) | |
| During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign? | No |
| Was there a liquidation, termination, dissolution, or substantial contraction during the year? | No |
| Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2010 or the taxable year beginning in 2010? | No |
| Statements Regarding Activities for Which Form 4720 May Be Required (for 2010) | |
| During the year did the foundation (either directly or indirectly): | |
| Engage in the sale or exchange, or leasing of property with a disqualified person? | No |
| Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person? | No |
| Furnish goods, services, or facilities to (or accept them from) a disqualified person? | No |
| Pay compensation to, or pay or reimburse the expenses of, a disqualified person? | No |
| Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)? | No |
| Agree to pay money or property to a government official? | No |
| At the end of tax year 2010, did the foundation have any undistributed income for tax year(s) beginning before 2010? | No |
| Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year? | No |
| Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes? | No |
| During the year did the foundation pay or incur any amount to: | |
| Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? | No |
| Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive? | No |
| Provide a grant to an individual for travel, study, or other similar purposes? | No |
| Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)? | No |
| Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals? | No |
| Minimum Investment Return (for 2010) | |
| Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes | $0 |
| Net value of noncharitable-use assets | $0 |
| Minimum investment return | $0 |
| Distributable Amount (for 2010) | |
| Distributable amount | $0 |
| Undistributed Income (for 2010) | |
| Distributable amount for 2010 | $0 |
| Undistributed income for 2010. This amount must be distributed in 2011 | $0 |
| Private Operating Foundations (for 2010) | |||||
| 2010 | 2009 | 2008 | 2007 | Total | |
|---|---|---|---|---|---|
| The lesser of the adjusted net income or the minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Qualifying distributions made directly for active conduct of exempt activities | $0 | $0 | $0 | $0 | $0 |
| Value of all assets | $0 | $0 | $0 | $0 | $0 |
| Value of assets qualifying under section 4942(j)(3)(B)(i) | $0 | $0 | $0 | $0 | $0 |
| 2/3 of minimum investment return | $0 | $0 | $0 | $0 | $0 |
| Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) | $0 | $0 | $0 | $0 | $0 |
| Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii) | $0 | $0 | $0 | $0 | $0 |
| Gross investment income | $0 | $0 | $0 | $0 | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Ventura County Community Development Corporation | 2231 Sturgis Rd Unit A, Oxnard, CA 93030-7813 | CA | 2003-05 | $5,683,551 |
| 2 | Venture Richmond Inc | 200 S 3rd St Ste 2 Ste 960, Richmond, VA 23219-3700 | VA | 1982-08 | $5,826,607 |
| 3 | Redc Community Capital Group Incorporated | 413 Stuart Cir Unit 320, Richmond, VA 23220-3754 | VA | 1995-08 | $767,907 |
| 4 | Staunton Creative Community Fund Inc | 10 Byers St, Staunton, VA 24401-4226 | VA | 2008-05 | $221,244 |
| 5 | Phoenix Community Development Corporation | Suite A, Martinsville, VA 24112 | VA | 2011-01 | $194,087 |
| 6 | Downtown Farmville | 121 E Third St, Farmville, VA 23901 | VA | 2014-02 | $111,966 |
| 7 | Storefront For Community Design, Storefront | 1001 N 25th Street, Richmond, VA 23223 | VA | 2013-02 | $76,465 |
| 8 | Light Rail Now Inc | 5101 Cleveland Street Suite 202, Virginia Beach, VA 23462 | VA | 2010-08 | $10,627 |
| 9 | 39 East Inc | 887 Garrow Rd, Newport News, VA 23608-3387 | VA | 2004-05 | $1 |
| 10 | Meherrin Development Corp Inc | 13413 Prince George Dr, Disputanta, VA 23842 | VA | 2003-04 | $1 |
| 11 | African Peoples Action Congress, African Pac Inc | 14001c Saint Germain Drive Suite 423, Centreville, VA 20121 | VA | 2006-06 | $0 |
| 12 | Association For Small Business Entrepreneurs Of Chesterfield | 416 N Sycamore St, Petersburg, VA 23803-3232 | VA | 2004-04 | $0 |
| 13 | Business Seed Capital Inc | P O Box 2868, Roanoke, VA 24001 | VA | 2004-03 | $0 |
| 14 | Christian Community Development International Inc | 420 Glasgow St, Portsmouth, VA 23704-2504 | VA | 1999-07 | $0 |
| 15 | Community Assoc Of Resources Education And Enrichment | Po Box 6361, Arlington, VA 22206-0361 | VA | 1996-10 | $0 |
| 16 | Equal Share Inc | 2248 Holly Hill Farm, Crozet, VA 22932 | VA | 2003-09 | $0 |
| 17 | Galax Future Inc | 111 E Grayson St, Galax, VA 24333-2903 | VA | 2010-04 | $0 |
| 18 | Hampton Business Incentives Corporation | 1 Franklin St Ste 601, Hampton, VA 23669-3579 | VA | 1998-03 | $0 |
| 19 | Hampton Roads Economic Development Foundation, Edf | PO BOX 7022, Chesapeake, VA 23323-0227 | VA | 2007-12 | $0 |
| 20 | Kingdom Resources | PO BOX 9268, Hampton, VA 23670-0268 | VA | 2010-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 1,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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