Form 990 for tax year 2022
Filed by PEOPLE INCORPORATED OF VIRGINIA.
Totals
- Total revenue
- $18,851,163
- Total expenses
- $17,915,216
- Contributions and grants received
- $17,948,592
- Grants paid
- $0
- Program service revenue
- $272,104
- Investment income
- $330,955
- Other revenue
- $299,512
- Total assets, end of year
- $22,203,133
- Total liabilities, end of year
- $8,879,781
- Net assets or fund balances, end of year
- $13,323,352
- Program services expenses (Part IX)
- $13,445,241
- Management and general expenses
- $4,058,175
- Fundraising expenses
- $411,800
- Program service expenses (Part III)
- $13,445,241
Program services were 75.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$17,155,044
-
1f · All other contributions, gifts and grants
$793,548
-
1g · Noncash contributions included above
$46,968
-
2a · Program service revenue: FEE FOR SERVICE
total $196,105 · related or exempt $196,105
-
2b · Program service revenue: HOUSING RENTAL INCOME
total $57,399 · related or exempt $57,399
-
2c · Program service revenue: NMTC REVENUE
total $18,600 · related or exempt $18,600
-
3 · Investment income
total $310,547 · excluded $310,547
-
6a · Gross rents
real property $80,158
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $80,158
-
6d · Net rental income or loss
total $80,158 · excluded $80,158
-
7a · Gross sales of assets other than inventory
other assets $33,875
-
7b · Less cost or other basis and sales expenses
other assets $13,467
-
7c · Gain or loss
other assets $20,408
-
7d · Net gain or loss
total $20,408 · excluded $20,408
-
11d · All other revenue
total $219,354 · excluded $219,354
-
11e · Other revenue, total
$219,354
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,839,766 · program services $1,389,373 · management and general $450,393
-
7 · Other salaries and wages
total $4,986,391 · program services $3,508,767 · management and general $1,227,654 · fundraising $249,970
-
8 · Pension plan contributions
total $127,197 · program services $94,752 · management and general $25,587 · fundraising $6,858
-
9 · Other employee benefits
total $2,420,004 · program services $1,830,304 · management and general $486,807 · fundraising $102,893
-
10 · Payroll taxes
total $133,411 · program services $100,951 · management and general $26,837 · fundraising $5,623
-
11b · Fees: legal
total $40,666 · management and general $40,666
-
11c · Fees: accounting
total $107,647 · management and general $107,647
-
11g · Fees: other
total $1,002,998 · program services $522,565 · management and general $480,433
-
16 · Occupancy
total $797,828 · program services $568,376 · management and general $219,034 · fundraising $10,418
-
17 · Travel
total $336,388 · program services $227,799 · management and general $97,643 · fundraising $10,946
-
20 · Interest
total $110,648 · management and general $110,648
-
22 · Depreciation, depletion and amortization
total $1,259,467 · management and general $1,259,467
-
24a · Other expenses: OTHER EXPENSES
total $1,766,426 · program services $3,156,290 · management and general -$1,412,143 · fundraising $22,279
-
24b · Other expenses: MATERIAL AND SUPPLIES
total $1,390,589 · program services $1,205,783 · management and general $182,720 · fundraising $2,086
-
24c · Other expenses: BAD DEBTS
total $674,701 · management and general $674,701
-
24d · Other expenses: MAINTENANCE
total $368,815 · program services $316,535 · management and general $51,553 · fundraising $727
-
24e · All other expenses
total $552,274 · program services $523,746 · management and general $28,528
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $0 · end of year $2,448,601
-
2 · Savings and temporary cash investments
beginning of year $2,802,203 · end of year $441,246
-
3 · Pledges and grants receivable
beginning of year $2,428,922 · end of year $2,845,034
-
4 · Accounts receivable
beginning of year $0 · end of year $1,303,374
-
7 · Other notes and loans receivable
beginning of year $1,117,412 · end of year $0
-
8 · Inventories for sale or use
beginning of year $84,025 · end of year $66,175
-
9 · Prepaid expenses and deferred charges
beginning of year $138,229 · end of year $167,923
-
10a · Land, buildings and equipment: cost or other basis
$28,622,274
-
10b · Land, buildings and equipment: accumulated depreciation
$14,022,039
-
10c · Land, buildings and equipment, net
beginning of year $15,865,106 · end of year $14,600,235
-
15 · Other assets
beginning of year $42,747 · end of year $330,545
-
17 · Accounts payable and accrued expenses
beginning of year $441,515 · end of year $5,201,714
-
19 · Deferred revenue
beginning of year $93,519 · end of year $1,340,850
-
23 · Secured mortgages and notes payable
beginning of year $2,160,853 · end of year $1,800,982
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $536,235
-
25 · Other liabilities
beginning of year $5,272,191 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year -$800,541 · end of year $5,691,144
-
28 · Net assets with donor restrictions
beginning of year $15,311,107 · end of year $7,632,208
Mission and programs · 2022
Mission
TO PROVIDE OPPORTUNITIES FOR ECONOMICALLY DISADVANTAGED PEOPLE TO REACH THEIR GOALS IN ORDER TO ENHANCE THEIR LIVES, THEIR FAMILIES, AND THEIR COMMUNITIES.
-
HEAD START - 425 CHILDREN RECEIVED EARLY CHILDHOOD EDUCATION AND 371 FAMILIES RECEIVED DEVELOPMENT SERVICES.
Expenses $7,210,100 · Revenue $196,105
-
WEATHERIZATION - IMPROVED LIVING CONDITIONS FOR NUMEROUS HOMES AND ENABLED LOW INCOME FAMILIES TO PERMANENTLY REDUCE THEIR ENERGY BILLS BY MAKING THEIR HOMES MORE ENERGY EFFICIENT.
Expenses $2,481,900
-
PEOPLE INCORPORATED PROVIDES VARIOUS ASSISTANCE PROGRAMS TO RESIDENTS OF VIRGINIA WHO ARE ECONOMICALLY DISADVANTAGED. THIS IS ACCOMPLISHED THROUGH BOTH FEDERAL AND STATE GRANTS RECEIVED BY THE AGENCY. OTHER PROGRAMS INCLUDE: HUD SECTION 8, NUTRITION, DOMESTIC VIOLENCE AND SEXUAL ASSAULT ASSISTANCE, HOMELESS PREVENTION, AND SUPPORTIVE SERVICES FOR VETERANS' FAMILIES.
Expenses $2,215,581 · Revenue $75,999
-
WORKFORCE DEVELOPMENT - ENABLED 551 LOW INCOME ADULTS AND YOUTH TO IMPROVE JOB SKILLS AND OBTAIN EMPLOYMENT.
Expenses $1,537,660
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
CHRIS SHORTRIDGE
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
DAVID MCCRACKEN
VICE-CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
JOHN AYERS
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ALICE MEADE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JOHN NEAL
ASSISTANT SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
BILLY TAYLOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
PEGGY KISER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
JAN SELBO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
TOMMY BURRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RANDI KNIGHTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ELIJAH JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LISA PEACOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PHILLIP MCCALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ANGIE WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CATHY ZIELINSKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WINONA FLEENOR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ELVIS VASQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ANITA ROBINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DAVID MAGGARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
BOBBY GULLETT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
RACHEL PHIPPS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
CHRISTIE BAILEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAM SWEENEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PAM HORN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ALBERT BREEDING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LIZZIE DEEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY FRYE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DARLENE WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JAKE HOLMES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MATT FIELDS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
PATRICK SMALL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MATT PETTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
NINA FOX
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GAIL CROOKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
VICKI PORTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KARL ROULSTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
WALT MABE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
KAYCEE CHILDRESS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JINNAE MONROE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
MARK NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
LARRY LAWS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
JENNIFER PEARCE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DENNIS MORRIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
TEKETIA SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ROBERT GOLDSMITH
RETIRED CEO
- Total calculated
- $1,383,619
- From this org
- $1,354,931
- From related orgs
- $0
- Other
- $28,688
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $262,832
- Bonus
- $0
- Other
- $1,092,099
- Deferred
- $27,000
- Nontaxable benefits
- $1,688
- Filer's total
- $1,383,619
-
BRYAN PHIPPS
PRESIDENT/CEO
- Total calculated
- $187,911
- From this org
- $184,294
- From related orgs
- $0
- Other
- $3,617
- Hours/week
- 40 + 2 related
Schedule J breakdown matched by us
- Base
- $180,086
- Bonus
- $0
- Other
- $4,208
- Deferred
- $3,617
- Nontaxable benefits
- $0
- Filer's total
- $187,911
-
ANGELA GROSECLOSE
VICE PRESIDENT/COO
- Total calculated
- $135,975
- From this org
- $124,397
- From related orgs
- $0
- Other
- $11,578
- Hours/week
- 40
-
JANET SHRADER
VP OF FINANCE/CFO
- Total calculated
- $132,261
- From this org
- $119,335
- From related orgs
- $0
- Other
- $12,926
- Hours/week
- 40 + 2 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4a · Severance or change-of-control payment
Answered no
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 4A
- SEVERANCE PAYMENT OF $1,318,101 PAID TO ROBERT GOLDSMITH.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
PEOPLE INCORPORATED FINANCIAL SERVICES INC
501(C)(3) · SMALL BUSINESS · VA · controlled entity
Directly controlled by PEOPLE INCORPORATED OF VIRGINIA
-
PEOPLE INCORPORATED HOUSING GROUP
501(C)(3) · HOUSING · VA · controlled entity
Directly controlled by PEOPLE INCORPORATED OF VIRGINIA
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 May 2024
- IRS schema version
- 2022v5.0
- Source object
- 202431349349301843
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