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EIN 54-6053130

Peninsula Industrial Finance Corporation

IRS 501(c) type
501(c)(2)
Num. employees
0
City
Newport News
State
Virginia
Year formed
1946
Most recent tax filings
2022-12-01
NTEE code, primary
S47: Real Estate Organizations
Description
Peninsula Industrial Finance Corporation assists in the economic growth of Newport News and Hampton, VA by financing loans through the Peninsula Revolving Fund Program and the Peninsula Cares Act Fund. It provides loans to businesses suffering from sudden economic downturns caused by COVID-19 through the Peninsula Cares Act Fund and offers loans for equipment, working capital, and fixed assets to companies in economic base industries located in Hampton and Newport News via the Peninsula Revolving Loan Program. The corporation is located in Newport News, VA.
Total revenues
$685,392
2022
Total expenses
$59,479
2022
Total assets
$2,309,471
2022
Num. employees
0
2022

Program areas at Peninsula Industrial Finance Corporation

Peninsula revolving loan program-to provide loans to companies in economic base industries located in hampton and newport news, Virginia. The loans are available to Finance equipment and working capital in addition to fixed assets.
Peninsula cares act fund-loans to assist businesses in newport news and hampton, Virginia to aaleviate sudden and severe economic dislocation. Caused by covid-19, to provide permanent resources to support economic resiliency, and to further the long-term economic adjustment objectives of the region.

Personnel at Peninsula Industrial Finance Corporation

NameTitleCompensation
Beth MooreChair$0
Joycelyn Spight Roache CrcVice President and Vice Chair$0
Florence KingstonSecretary and Treasurer$0

Financials for Peninsula Industrial Finance Corporation

RevenuesFYE 12/2022
Total grants, contributions, etc.$675,172
Program services$10,220
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$685,392

Form 990s for Peninsula Industrial Finance Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-122024-01-11990View PDF
2021-122022-11-15990View PDF
Data update history
May 20, 2024
Used new vendors
Identified 1 new vendor, including
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 5 new personnel
May 21, 2023
Used new vendors
Identified 1 new vendor, including
April 23, 2021
Posted financials
Added Form 990N for fiscal year 2020
Nonprofit Types
Business and community development organizationsReal estate organizations
Issues
Economic development
Characteristics
State / local levelReceives government fundingNo full-time employees
General information
Address
2400 Washington Ave
Newport News, VA 23607
Metro area
Virginia Beach-Norfolk-Newport News, VA-NC
County
Newport News city, VA
Phone
(757) 926-8428
IRS details
EIN
54-6053130
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1946
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S47: Real Estate Organizations
NAICS code, primary
5313: Real Estate Services
Parent/child status
Independent
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