PETER PAUL DEVELOPMENT CENTER INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1979

Legal Domicile

Principal Officer

COREY TAYLOR

Phone

8047801195

Tax Period

2023-07-01 to 2024-06-30

PETER PAUL DEVELOPMENT CENTER INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $2.0M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Net assets of $7.7M represent 46 months of operating reserves.

Mission

PETER PAUL DEVELOPMENT CENTER IS AN OUTREACH AND COMMUNITY CENTER SERVING CHILDREN AND FAMILIES IN CHURCH HILL AND NEIGHBORING COMMUNITIES IN RICHMOND'S EAST END. FOUNDED BY JOHN COLEMAN IN 1979, PETER PAUL IS THE OLDEST CONTINUALLY OPERATING COMMUNITY CENTER IN THE AREA. THE ORGANIZATION CHANGED ITS FOCUS FROM RECREATION TO EDUCATION IN 2008, FOLLOWING A PROJECT SPONSORED BY VIRGINIA COMMONWEALTH UNIVERSITY TO ASSESS THE ACADEMIC DEVELOPMENT OF CHILDREN IN THE COMMUNITY. USING NATIONALLY STANDARDIZED TESTING, THE ASSESSMENT REVEALED THAT 75 PERCENT OF SCHOOL CHILDREN IN OUR AREA TESTED ONE OR MORE GRADE LEVELS BEHIND ACADEMICALLY. TODAY, OUR MISSION IS ONE OF EMPOWERMENT THROUGH EDUCATION: TO SUPPORT THE RESIDENTS OF THE EAST END AND EDUCATE ITS STUDENTS, ENABLING THEM TO SERVE AS POSITIVE ROLE CONTRIBUTORS TO THEIR FAMILY, COMMUNITY, AND SOCIETY. UNDER THE LEADERSHIP OF OUR CHIEF EXECUTIVE OFFICER, COREY TAYLOR, MPA, WE ACHIEVE OUR MISSION THROUGH THREE PROGRAM AREAS. FIRST, WE SERVE

Program Service Accomplishments

Program 1

Expenses: $713,844

PROGRAMS INCLUDE THE YOUTH PROGRAM WHICH PROVIDES YEAR-ROUND OUT-OF-SCHOOL TIME SUPPORT FOR YOUTH IN THE DENSEST CONCENTRATION OF POVERTY IN THE CITY OF RICHMOND. THE FOCUS OF THE PROGRAM IS ACADEMIC GROWTH. PETER PAUL ALSO OFFERS COMMUNITY EVENTS, FOOD DISTRIBUTION, AND COMMUNITY DEVELOPMENT WORK WITH NEIGHBORS AND OTHER SERVICE PARTNERS.

Program 2

Expenses: $103,241

PROMISE FAMILY NETWORK, AND PARENT ENGAGEMENT, IS THE SECOND PROGRAMMING AREA. ENGAGING PARENTS THROUGH FAMILY PROGRAMMING, SOCIAL SUPPORTS, AND ENGAGING IN FAMILY GOAL SETTING ARE THE HALLMARKS OF THIS PROGRAMMING. THROUGH THE PROMISE FAMILY NETWORK, PARENTS OF CURRENT AND PROSPECTIVE STUDENTS OF PETER PAUL YOUTH PROGRAM HAVE CREATED A COMMUNITY FOCUSED ON STRENGTHENING THEIR FAMILY WELL-BEING AND DEVELOPING STRONGER RELATIONSHIPS BETWEEN PARENTS, CHILDREN, AND OTHER FAMILIES.

Program 3

Expenses: $241,181

OUR THIRD AREA OF PROGRAMMING IS CALLED FAMILY AND COMMUNITY ENGAGEMENT (FCE). THROUGH FCE, WE ENGAGE THE ENTIRE COMMUNITY IN A VARIETY OF EVENTS, INCLUDING FIELD DAY ACTIVITIES, COMMUNITY INFO...

OUR THIRD AREA OF PROGRAMMING IS CALLED FAMILY AND COMMUNITY ENGAGEMENT (FCE). THROUGH FCE, WE ENGAGE THE ENTIRE COMMUNITY IN A VARIETY OF EVENTS, INCLUDING FIELD DAY ACTIVITIES, COMMUNITY INFO FEASTS ON IMPORTANT ISSUES (FOR EXAMPLE, GROWING GREAT SCHOOLS), AND PROGRAMS FOR SENIORS. IN ADDITION, FCE HAS CULTIVATED FIVE ACTION TEAMS THAT PARTNER WITH COMMUNITY ORGANIZATIONS TO HOST WORKSHOPS VITAL TO PERSONAL HEALTH AND MENTAL WELL- BEING, ACADEMIC SUCCESS, FAMILY DEVELOPMENT, AND COMMUNITY COHESION. THESE TEAMS ADDRESS TOPICS SUCH AS HELPING SMART BEGINNINGS WITH KINDERGARTEN REGISTRATION, INCREASING PARENTAL INVOLVEMENT IN EAST END SCHOOLS, AND COORDINATING TRAINING PROGRAMS ON DEVELOPING RESILIENCE FOR CHILDREN WHO EXPERIENCE TRAUMA.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,903,779

Program Service Revenue $0

Investment Income $101,429

Other Revenue $26,113

TOTAL REVENUE $2,031,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,187,046

Fundraising Expenses $227,419

Program Expenses $1,359,162

Other Expenses $936,484

TOTAL EXPENSES $2,123,530

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,031,321	$2,506,786	-0.2%
Expenses	$2,123,530	$2,563,515	-0.2%
Net Income	$-92,209	$-56,729	+0.6%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

210

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

$111,913

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COREY TAYLOR	CEO	40.00	Officer	$97,497	$0	$97,497
ALISHA TURNER	DIRECTOR OF	40.00	Officer	$14,416	$0	$14,416
JESSICA BROOKS	CHAIR	4.00	Officer Director	$0	$0	$0
CHRISTA COLEMAN	CHAIR ELECT	2.00	Director	$0	$0	$0
RAE COUSINS	DIRECTOR	2.00	Director	$0	$0	$0
TAMIKA DANIEL	DIRECTOR	2.00	Director	$0	$0	$0
COREY DURANT	DIRECTOR	2.00	Director	$0	$0	$0
CHAD EISELE	TREASURER	4.00	Officer Director	$0	$0	$0
BILL HARNEY	DIRECTOR	2.00	Director	$0	$0	$0
MAIESHA HAWKINS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN HOPPER	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM MURRAY	DIRECTOR	2.00	Director	$0	$0	$0
HILLARY PARKHOUSE	DIRECTOR	2.00	Director	$0	$0	$0
TYRONE PAYTON	VICE CHAIR	4.00	Officer Director	$0	$0	$0
MISSY REYNOLDS	DIRECTOR	2.00	Director	$0	$0	$0
DAVID SAMS	SECRETARY	4.00	Officer Director	$0	$0	$0
GEORGE THORN	DIRECTOR	2.00	Director	$0	$0	$0
THOMAS WATSON	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN WILSON	DIRECTOR	2.00	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
2025	No data	No data	No data	No data
2024	$2,031,321	$2,123,530	$7,858,184	$-92,209
2023	$2,506,786	$2,563,515	$7,797,921	$-56,729
2022	$3,355,102	$2,602,823	$7,780,377	$752,279
2021	$3,146,096	$2,033,478	$7,016,700	$1,112,618
2020	$2,482,691	$2,755,745	$6,033,094	$-273,054
2019	$2,457,169	$2,381,168	$5,917,959	$76,001
2018	$2,044,581	$2,066,538	$6,173,556	$-21,957