Phoenix Community Development Corporation in Martinsville, Virginia (VA)
Table of contents:
| Phoenix Community Development Corporation | |
| Employer Identification Number (EIN) | 271132297 |
| Name of Organization | Phoenix Community Development Corporation |
| In Care of Name | Raymond Gibbs |
| Address | Suite A, Martinsville, VA 24112 |
| Subsection | Charitable Organization |
| Ruling Date | 01/2011 |
| 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 | $214,632 |
| Amount of Income | $194,087 |
| Form 990 Revenue Amount | $194,087 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Urban, Community Economic Development |
Non-representatives - add comments:
Amount of income in 2013: $194,087 (it was $183,792 in 2012)
| Phoenix Community Development Corporation: | $194,087 |
| Other organizations performing similar types of work: | $141,217 |
Assets in 2013: $214,632 (it was $234,517 in 2012)
| This organization: | $214,632 |
| Other organizations performing similar types of work: | $121,026 |
Expenses in 2013: $327,584
| Phoenix Community Development Corporation: | $327,584 |
| Other organizations performing similar types of work: | $118,087 |
Income to expenses ratio in 2013: 0.6
| Phoenix Community Development Corporation: | 0.6 |
| Other organizations performing similar types of work: | 1.6 |
Grants share in income in 2013: 99.9%
| Phoenix Community Development Corporation: | 99.9% |
| Other organizations performing similar types of work: | 87.4% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $194,087 | ||
| Contributions, gifts, grants, and similar amounts received | $193,865 | ||
| Program service revenue including government fees and contracts | $0 | ||
| Membership dues and assessments | $0 | ||
| Investment income | $222 | ||
| Gain/Loss from sale of assets other than inventory | $0 | ||
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | ||
| Other revenue | $0 | ||
| Total expenses | $327,584 | ||
| Total net assets | $8,985 | ||
| Excess/Deficit for the year | $-133,497 | ||
| Net assets or fund balances at beginning of year | $142,482 | ||
| Other changes in net assets or fund balances | $0 | ||
| Net assets or fund balances at end of year | $8,985 | ||
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $198,243 | $234,517 | $214,632 |
| Total liabilities | $41,510 | $92,035 | $205,647 |
| Net assets or fund balances | $8,985 | ||
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | ||
| Were any significant changes made to the organizing or governing documents? | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | 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 | ||
| Amount of political expenditures, direct or indirect | $0 | ||
| Did the organization file Form 1120-POL for this year? | 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 | ||
| Total amount involved | $0 | ||
| Initiation fees and capital contributions | $0 | ||
| Gross receipts for public use of club facilities | $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 | ||
| 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 | $1,047,489 |
| Subtotal Support | $1,047,489 |
| Gifts, grants, contributions, and membership fees received | $1,047,489 |
| 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 | $1,047,851 |
| Public Support | $1,047,489 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $362 |
| 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 | 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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