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← PEOPLES CENTER INVESTMENT CORPORATION

Form 990 for tax year 2024

Filed by PEOPLES CENTER INVESTMENT CORPORATION.

Totals

Total revenue
$111,866
Total expenses
$68,350
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$111,866
Other revenue
$0
Total assets, end of year
$4,893,174
Total liabilities, end of year
$1,681,750
Net assets or fund balances, end of year
$3,211,424
Program services expenses (Part IX)
$45,105
Management and general expenses
$23,245
Fundraising expenses
$0
Program service expenses (Part III)
$45,105

Program services were 66.0% 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.

  • 3 · Investment income

    total $111,866 · excluded $111,866

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $6,059 · management and general $6,059

  • 20 · Interest

    total $62,291 · program services $45,105 · management and general $17,186

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,560 · end of year $29,424

  • 7 · Other notes and loans receivable

    beginning of year $4,863,750 · end of year $4,863,750

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $15,088

  • 24 · Unsecured notes and loans payable

    beginning of year $1,702,540 · end of year $1,666,662

  • 27 · Net assets without donor restrictions

    beginning of year $3,163,770 · end of year $3,211,424

Mission and programs · 2024

Mission

PEOPLE'S CENTER INVESTMENT CORPORATION SERVES TO SUPPORT THE FUNCTIONS OF AND TO ASSIST IN CARRYING OUT THE PURPOSES OF CEDAR-RIVERSIDE PEOPLES CENTER.

Activities or mission (Part I)

TO SUPPORT THE FUNCTIONS OF AND TO ASSIST IN CARRYING OUT THE PURPOSES OF CEDAR-RIVERSIDE PEOPLES CENTER.

  • SUPPORTING THE FUNCTIONS OF AND ASSISTING IN CARRYING OUT THE PURPOSES OF CEDAR-RIVERSIDE PEOPLES CENTER, THE SUPPORTED ORGANIZATION.

    Expenses $45,105

As filed on the 2024 return.

Listed in Part VII

  • Ann Rogers

    PRESIDENT

    Total calculated
    $163,977
    From this org
    $0
    From related orgs
    $163,977
    Other
    $0
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $163,977 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $163,977 related

  • Nnamdi Njoku

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Joe Lally

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Andrew Holm

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Steve Lepinski

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

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

The filer's explanations (Part III)

PART I, LINE 3
FOR THE PURPOSES OF DETERMINING COMPENSATION, THE FILING ORGANIZATION, PEOPLE'S CENTER INVESTMENT CORPORATION, RELIED ON THE RELATED ORGANIZATION TO ESTABLISH COMPENSATION OF THE CEO. THE RELATED ORGANIZATION USED THE FOLLOWING PRACTICES FOR ESTABLISHING COMPENSATION FOR SUCH INDIVIDUALS: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349316596

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