PIEDMONT DRIVE GROUP HOME INC

EIN: 542019233 501(c)(3) Housing & Shelter

FREDERICKSBURG, VA

Total Revenue
$150,554
Total Expenses
$61,646
Total Assets
$500,065
Net Assets
$491,944
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Financial Trends

Organization Details

Principal Officer
RONALD W BRANSCOME
Phone
5403733223
Tax Period
2019-01-01 to 2019-12-31

PIEDMONT DRIVE GROUP HOME INC is a small nonprofit in the Housing & Shelter sector that reported $151K in total revenue in fiscal year 2019. Revenue surged 167% from the prior year, signaling strong growth momentum. The organization ran a surplus of $89K, a strong 59% operating margin.

Mission

PIEDMONT DRIVE GROUP HOME IS A NOT-FOR-PROFIT ORGANIZATION WHICH IS EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND COMPARABLE STATE LAW. THE ORGANIZATION OWNS AND OPERATES A FOUR UNIT RESIDENTIAL FACILITY FOR DISABLED PERSONS, LOCATED IN SPOTSYLVANIA COUNTY, VIRGINIA. SUBSTANTIALLY ALL REVENUES RESULT FROM TENANT RENTALS AND RENTAL SUBSIDIES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT SECTION 8 HOUSING ASSISTANCE PROGRAM. THE ORGANIZATION HAS BEEN CLASSIFIED AS A PUBLICLY SUPPORTED ORGANIZATION UNDER SECTION 509(A) OF THE CODE. THE PROJECT IS A SECTION 811 PROJECT UNDER THE NATIONAL AFFORDABLE HOUSING ACT. THE ORGANIZATION IS MANAGED BY RAPPAHANNOCK AREA COMMUNITY SERVICES BOARD.

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Trantor Score

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

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $122,648
Program Service Revenue $27,885
Investment Income $21
Other Revenue $0
TOTAL REVENUE $150,554

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,148
Fundraising Expenses $0
Program Expenses $59,174
Other Expenses $58,498
TOTAL EXPENSES $61,646

Year-over-Year Comparison

2019 2018 Change
Revenue $150,554 $56,380 +1.7%
Expenses $61,646 $48,142 +0.3%
Net Income $88,908 $8,238 +9.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RONALD W BRANSCOME PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLES A COOPER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
B ANNETTE JOHNSON SECRETARY/TR 1.00
Officer Director
$0 $0 $0
AL COLLINS DIRECTOR 1.00
Director
$0 $0 $0
LAWERENCE DAVIES DIRECTOR 1.00
Director
$0 $0 $0
IRA WEST DIRECTOR 1.00
Director
$0 $0 $0
CHARLES COOPER JR DIRECTOR 1.00
Director
$0 $0 $0
MATTHEW ZURASKY DIRECTOR 1.00
Director
$0 $0 $0
BETH ELKINS DIRECTOR 1.00
Director
$0 $0 $0
JOHN ROWLEY DIRECTOR 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
2019 $150,554 $61,646 $500,065 $88,908
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