Petersburg Community Development Corporation in Petersburg, Virginia (VA)
Table of contents:
| Petersburg Community Development Corporation | |
| Employer Identification Number (EIN) | 541540461 |
| Name of Organization | Petersburg Community Development Corporation |
| Address | 236 S Adams St, Petersburg, VA 23803-4537 |
| Activities | Low and moderate income housing |
| Subsection | Charitable Organization |
| Ruling Date | 08/1990 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $288,409 |
| Amount of Income | $113,944 |
| Form 990 Revenue Amount | $113,944 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $113,944 (it was $166,987 in 2012)
| Petersburg Community Development Corporation: | $113,944 |
| Other organizations performing similar types of work: | $190,298 |
Assets in 2013: $288,409 (it was $227,506 in 2012)
| This organization: | $288,409 |
| Other organizations performing similar types of work: | $326,461 |
Expenses in 2013: $65,542
| This organization: | $65,542 |
| Other organizations performing similar types of work: | $231,022 |
Income to expenses ratio in 2013: 1.7
| This organization: | 1.7 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 47.9%
| Petersburg Community Development Corporation: | 47.9% |
| Other organizations performing similar types of work: | 35.7% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $174,339 | $166,987 | $113,944 |
| Contributions, gifts, grants, and similar amounts received | $57,678 | $41,180 | $54,634 |
| Program service revenue including government fees and contracts | $15,000 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $5,035 | $5,096 | $4,132 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $96,626 | $120,711 | $55,178 |
| Total expenses | $54,456 | $112,731 | $65,542 |
| Total net assets | $103,250 | $157,506 | $205,909 |
| Excess/Deficit for the year | $119,883 | $54,256 | $48,402 |
| Net assets or fund balances at beginning of year | $-16,633 | $103,250 | $157,507 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $157,506 | $205,909 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $153,250 | $227,506 | $288,409 |
| Total liabilities | $50,000 | $70,000 | $82,500 |
| Net assets or fund balances | $103,250 | $157,506 | $205,909 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $279,242 |
| Subtotal Support | $279,242 |
| Gifts, grants, contributions, and membership fees received | $279,242 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $566,020 |
| Public Support | $279,242 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $286,778 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Uptown Columbus Inc | PO BOX 1237, Columbus, GA 31902-1237 | GA | 1985-04 | $12,826,789 |
| 2 | South Bronx Overall Economic Development Corporation | 555 Bergen Ave, Bronx, NY 10455-1368 | NY | 1973-08 | $8,444,805 |
| 3 | West Central Indiana Economic Development District Inc | 1718 Wabash Ave, Terre Haute, IN 47807-3323 | IN | 1969-08 | $5,403,201 |
| 4 | South Georgia Regional Development Center | PO BOX 1223, Valdosta, GA 31603-1223 | GA | 1979-09 | $4,665,054 |
| 5 | Warriors Inc | 2733 Market St, Youngstown, OH 44507-1612 | OH | 1998-08 | $2,042,544 |
| 6 | Sierra Vista Economic Development | 750 Bartow, Sierra Vista, AZ 85635-1827 | AZ | 1987-06 | $1,835,033 |
| 7 | Stand Up For Salem Inc | Fenwick Plaza Suite 7, Salem, NJ 08079 | NJ | 1989-09 | $1,714,895 |
| 8 | Tule River Economic Development Corporation | 2780 W Yowlumne Ave Ste A559, Porterville, CA 93257-9592 | CA | 1992-07 | $1,156,764 |
| 9 | Sunrise County Economic Council | 53 Prescott Dr Suite 3, Machias, ME 04654-3424 | ME | 1995-03 | $1,012,879 |
| 10 | Urban Enterprise Association Of Hammond Indiana Inc | 649 Conkey St, Hammond, IN 46324-1158 | IN | 1993-06 | $922,216 |
| 11 | South Hill Community Development Association Inc | 201 S Mecklenburg Ave, South Hill, VA 23970-2619 | VA | 1988-04 | $306,560 |
| 12 | Columbia Pike Revitalization Organization Inc | 2611 Columbia Pike, Arlington, VA 22204-4409 | VA | 1987-04 | $283,239 |
| 13 | Culpeper Renaissance Inc | 127 W Davis St, Culpeper, VA 22701-3017 | VA | 1989-08 | $256,526 |
| 14 | Martinsville Uptown Revitalization Association | PO BOX 614, Martinsville, VA 24114-0614 | VA | 1995-09 | $182,350 |
| 15 | Emporia-Greensville Industrial Development Corporation | 425 S Main St Ste H, Emporia, VA 23847-2300 | VA | 1966-07 | $144,846 |
| 16 | Petersburg Community Development Corporation | 236 S Adams St, Petersburg, VA 23803-4537 | VA | 1990-08 | $113,944 |
| 17 | Concerned Citizens Of Cape Charles | 400 Jefferson Avenue, Cape Charles, VA 23310 | VA | 1996-08 | $0 |
| 18 | Lynch S Ferry Authority Inc | PO BOX 798, Lynchburg, VA 24505-0798 | VA | 1988-03 | $0 |
| 19 | Virginia Beach Care Inc | Princess Anne Executive Park Bldg 5, Virginia Beach, VA 23456 | VA | 1996-02 | $0 |
| 20 | Virginia Microenterprise Network | 4505 Wythe Avenue, Richmond, VA 23221 | VA | 1995-10 | $0 |
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