Restoration of Petersburg Community Development Corp

EIN: 311639517 501(c)(3) Community Improvement

Petersburg, VA

Total Revenue
$179,488
Total Expenses
$196,929
Total Assets
$816,367
Net Assets
$327,219
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
VA
Principal Officer
Shauna Mayo
Phone
8047336541
Tax Period
2024-01-01 to 2024-12-31

Restoration of Petersburg Community Development Corp, founded in 1999, is a small nonprofit in the Community Improvement sector that reported $179K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year.

Mission

The mission of ROPCDC is: To redevelop & revitalize the human & physical capital of the Halifax Community of Petersburg, VA through housing rentals, housing development, economic development, employment

Program Service Accomplishments

Program 1
Expenses: $179,364 Revenue: $164,911

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 12/31/2024 is 30 children (full time, part time...

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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 12/31/2024 is 30 children (full time, part time & after school care) with a staff of 6, including 1 director.

Program 2
Expenses: $2,595 Revenue: $9,450

Acquisition and maintenance costs related to the purchase of land within the Halifax community of Petersburg, Virginia (taxes, repairs & maintenance, utilities)

Program 3
Expenses: $0 Revenue: $12,000

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $164,911
Investment Income $-46,873
Other Revenue $61,450
TOTAL REVENUE $179,488

Expense Breakdown

Grants Paid $0
Salaries & Benefits $133,832
Fundraising Expenses $0
Program Expenses $181,959
Other Expenses $63,097
TOTAL EXPENSES $196,929

Year-over-Year Comparison

2024 2023 Change
Revenue $179,488 $194,301 -0.1%
Expenses $196,929 $210,757 -0.1%
Net Income $-17,441 $-16,456 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
2
Independent Members
1
Employees
7
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Treva Gordon Treasurer 2.00
Officer Director
$0 $0 $0
Robert Diggs Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $179,488 $196,929 $816,367 $-17,441
2023 $194,301 $210,757 $800,681 $-16,456
2022 $365,678 $209,780 $764,194 $155,898
2021 $265,753 $211,277 $592,523 $54,476
2020 $219,924 $214,039 $549,485 $5,885
2019 $318,687 $300,404 $554,894 $18,283
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