Program areas at Restoration of Petersburg Community Development Corp
Operate Little Angels Childcare Center, a world-class childcare & learning center, serving children ranging in age from 2 1/2 to 5 years. Enrollment at 12/31/2022 is 30 children (full time, part time & after school care) with a staff of 7, including 1 director.
ROPCDC entered into an agreement with Better Housing Coalition of Petersburg to develop Claiborne Square, a senior housing/living facility in the Halifax community. The project is built on land owned by ROPCDC. BHC advanced $250,000 in the form of a note receivable to ROPCDC related to a ground lease of this land. The note is stated at the present value of the estimated fair value of rent, discounted at 4.64%, and will be amortized as rent income on a straight-line basis over 75 years. Deferred rent is $224,246, net, at 12/31/2022 and rental income is $12,000 for the year.
Acquisition and maintenance costs related to the purchase of land within the Halifax community of Petersburg, Virginia (taxes, repairs & maintenance, utilities)
Personnel at Restoration of Petersburg Community Development Corp
| Name | Title | Compensation | Date of data |
|---|
| Treva Gordon | Treasurer | $0 | 2023-11-15 |
| Shauna Mayo | Board Chair | $0 | 2022-12-31 |
| Jeanne Holmes | Past Treasurer | $0 | 2021-12-31 |
Financials for Restoration of Petersburg Community Development Corp
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $178,235 | $81,603 | 118.4% |
| Program services | $157,968 | $163,975 | -3.7% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $14,200 | $20,150 | -29.5% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $15,275 | $25 | 61000% |
| Total revenues | $365,678 | $265,753 | 37.6% |
Organizations like Restoration of Petersburg Community Development Corp
| Organization | Type | Location | Revenue |
|---|
| North-Missoula Community Development Corporation | 501(c)(3) | Missoula, MT | $722,821 |
| South Berkeley Neighborhood Development Corporation | 501(c)(3) | Richmond, CA | $932,001 |
| 640 Improvement Corporation | 501(c)(3) | Highlands Ranch, CO | $1,045,008 |
| The Local Development Corporation of Crown Heights | 501(c)(3) | Brooklyn, NY | $1,270,264 |
| Impact Community Development Corporation | 501(c)(3) | Philadelphia, PA | $951,528 |
| West Reading Community Revitalization Foundation | 501(c)(3) | West Reading, PA | $190,641 |
| MT Carmel Redevelopment Corporation | 501(c)(3) | Kansas City, KS | $1,057,551 |
| Marin City CDC (MCCDC) | 501(c)(3) | Sausalito, CA | $914,717 |
| Tanner Community Development Corporation (TCDC) | 501(c)(3) | Phoenix, AZ | $1,389,877 |
| Nimiipuu Community Development Fund | 501(c)(3) | Lapwai, ID | $1,051,853 |
Data update history
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 1, 2023
Posted financials
Added Form 990 for fiscal year 2020
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2019
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2018
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvement
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
- Address
- 418 Halifax St
- Petersburg, VA 23803
- Metro area
- Richmond, VA
- County
- Petersburg city, VA
- Phone
- (804) 733-6541
IRS details
- EIN
- 31-1639517
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 1999
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S20: Community, Neighborhood Development, Improvement
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Central organization
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