Form 990 for tax year 2022

Filed by PEOPLE INCORPORATED HOUSING GROUP.

Totals

Total revenue: $7,422,012
Total expenses: $6,805,049
Contributions and grants received: $930,000
Grants paid: $0
Program service revenue: $6,386,371
Investment income: $105,641
Other revenue: $0
Total assets, end of year: $24,223,915
Total liabilities, end of year: $7,376,783
Net assets or fund balances, end of year: $16,847,132
Program services expenses (Part IX): $6,765,275
Management and general expenses: $39,774
Fundraising expenses: $0
Program service expenses (Part III): $6,765,275

Program services were 99.4% 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)

$930,000
2a · Program service revenue: CONTRACT/DEVELOPER FEE

total $6,386,371 · related or exempt $6,386,371
3 · Investment income

total $105,641 · excluded $105,641

Functional expenses

Part IX, the statement of functional expenses.

11b · Fees: legal

total $11,908 · management and general $11,908
11c · Fees: accounting

total $10,750 · management and general $10,750
11g · Fees: other

total $4,985,429 · program services $4,968,313 · management and general $17,116
20 · Interest

total $400,425 · program services $400,425
23 · Insurance

total $2,409 · program services $2,409
24a · Other expenses: SPONSOR FEE

total $791,059 · program services $791,059
24b · Other expenses: CONSTRUCTION COSTS

total $482,212 · program services $482,212
24c · Other expenses: TAX CREDIT FEES

total $87,470 · program services $87,470
24e · All other expenses

total $33,387 · program services $33,387

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $195,638 · end of year $0
4 · Accounts receivable

beginning of year $3,016,019 · end of year $7,094,787
7 · Other notes and loans receivable

beginning of year $8,773,551 · end of year $12,081,003
9 · Prepaid expenses and deferred charges

beginning of year $560,275 · end of year $233
10a · Land, buildings and equipment: cost or other basis

$882,938
10b · Land, buildings and equipment: accumulated depreciation

$0
10c · Land, buildings and equipment, net

beginning of year $3,984,813 · end of year $882,938
15 · Other assets

beginning of year $7,265,749 · end of year $4,164,954
17 · Accounts payable and accrued expenses

beginning of year $1,643,604 · end of year $440,972
23 · Secured mortgages and notes payable

beginning of year $1,828,012 · end of year $159,509
25 · Other liabilities

beginning of year $3,144,383 · end of year $6,776,302
27 · Net assets without donor restrictions

beginning of year $14,594,486 · end of year $16,005,560
28 · Net assets with donor restrictions

beginning of year $2,585,560 · end of year $841,572

Mission and programs · 2022

Mission

TO PROVIDE QUALITY HOUSING THROUGH CONSTRUCTION OR PURCHASE OF PROPERTIES TO LOW INCOME INDIVIDUALS.

PROVIDES AFFORDABLE COMMUNITY HOUSING DEVELOPMENT AND IMPROVEMENTS FOR LOW TO MODERATE INCOME FAMILIES.

Expenses $6,765,275 · Revenue $6,386,371

As filed on the 2022 return.

Listed in Part VII

David McCrackenDAVID MCCRACKEN

CHAIR

Total calculated

$0

Hours/week

1 + 2 related
Billy TaylorBILLY TAYLOR

VICE-CHAIR

Total calculated

$0

Hours/week

1 + 2 related
Phil McCallPHIL MCCALL

TREASURER

Total calculated

$0

Hours/week

1 + 1 related
Tommy BurrisTOMMY BURRIS

SECRETARY

Total calculated

$0

Hours/week

1 + 1 related
John AyersJOHN AYERS

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Winona FleenorWINONA FLEENOR

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Peggy KiserPEGGY KISER

DIRECTOR

Total calculated

$0

Hours/week

1 + 2 related
Walter MahalaWALTER MAHALA

DIRECTOR

Total calculated

$0

Hours/week

1
Anita RobinsonANITA ROBINSON

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Jan SelboJAN SELBO

DIRECTOR

Total calculated

$0

Hours/week

1 + 2 related
Chris ShortridgeCHRIS SHORTRIDGE

DIRECTOR

Total calculated

$0

Hours/week

1 + 2 related
Elvis VasquezELVIS VASQUEZ

DIRECTOR

Total calculated

$0

Hours/week

1 + 1 related
Bryan PhippsBRYAN PHIPPS

CEO

Total calculated

$187,911

From this org

$0

From related orgs

$184,294

Other

$3,617

Hours/week

1 + 41 related

Schedule J breakdown matched by us

Base

$0 + $180,086 related

Bonus

$0

Other

$0 + $4,208 related

Deferred

$0 + $3,617 related

Nontaxable benefits

$0

Filer's total

$0 + $187,911 related
Janet ShraderJANET SHRADER

VP OF FINANCE

Total calculated

$132,261

From this org

$0

From related orgs

$119,335

Other

$12,926

Hours/week

1 + 41 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

None.

Answered no

4a · Severance or change-of-control payment
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

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 OF VIRGINIA

501(C)(3) · COMMUNITY SERVICES · VA
PEOPLE INCORPORATED FINANCIAL SERVICES INC

501(C)(3) · SMALL BUSINESS · VA

Directly controlled by PEOPLE INCORPORATED OF VIRGINIA

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

BRUNSWICK MANAGEMENT LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
CULPEPER CROSSINGS MANAGEMENT LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
DANTE CROSSINGS APARTMENTS MANAGEMENT LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
DESKINS APARTMENTS LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
ESSEX MANOR MANAGEMENT LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
LURAY MEADOWS MANAGEMENT LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
MILL POINT APARTMENTS INC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
MILVIEW MANAGEMENT LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
PENNINGTON GAP MANAGEMENT LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
ROCK SCHOOL MANAGEMENT INC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
SWEETBRIAR APARTMENTS MANAGEMENT INC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
SWEETBRIAR II APARTMENTS MANAGEMENT LLC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP
VISTA APARTMENTS MANAGEMENT INC

INVEST IN LIHTC PROJECTS · VA · income $0 · assets $0

Directly controlled by PEOPLE INCORPORATED HOUSING GROUP

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

ABINGDON GREEN LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $297,417 · share of assets $1,831,969 · general or managing partner
ABINGDON TERRACE APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $231,612 · share of assets $2,596,640 · general or managing partner
ABINGDON VILLAGE APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $306,458 · share of assets $3,717,253 · general or managing partner
CLINCH VIEW MANOR APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $303,283 · share of assets $3,356,323 · general or managing partner
JONESVILLE MANOR LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $350,875 · share of assets $2,614,107 · general or managing partner
NORTON GREEN LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $394,898 · share of assets $2,386,973 · general or managing partner
SPRUCE HILL APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $260,397 · share of assets $2,692,193 · general or managing partner
TOM'S BROOK APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $101,043 · share of assets $3,238,496 · general or managing partner
WEST LANCE APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $244,916 · share of assets $2,738,601 · general or managing partner
BRUNSWICK MANOR APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $268,343 · share of assets $3,891,362 · general or managing partner
CULPEPER CROSSING LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $302,467 · share of assets $4,568,856 · general or managing partner
DANTE CROSSINGS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $70,787 · share of assets $1,698,524 · general or managing partner
BUCHANAN COUNTY HOUSING LP

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $55,984 · share of assets $1,535,590 · general or managing partner
ESSEX MANOR APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $303,627 · share of assets $4,691,452 · general or managing partner
LURAY MEADOWS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $265,002 · share of assets $13,051,881 · general or managing partner
WHITE'S MILL POINT LP

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $170,421 · share of assets $2,655,160 · general or managing partner
MILLVIEW APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $303,751 · share of assets $5,522,072 · general or managing partner
PENNINGTON GAP APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $297,706 · share of assets $4,419,838 · general or managing partner
RIVERSIDE PLACE APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $101,252 · share of assets $1,676,000 · general or managing partner
SWEETBRIAR LP

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $134,216 · share of assets $2,607,473 · general or managing partner
SWEETBRIAR II APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $78,412 · share of assets $7,275,804 · general or managing partner
VALLEY VISTA APARTMENTS LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $722,399 · share of assets $5,477,726 · general or managing partner
PULASKI VILLAGE LLC

RELATED · LOW INCOME HOUSING · VA · 0.01% owned · share of income $407,932 · share of assets $2,526,162 · general or managing partner

Provenance

Return type: form_990
Tax year: 2022
Filed: 13 May 2024
IRS schema version: 2022v5.0
Source object: 202421349349301522

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