Civic Intelligence

Piedmont Senior Resources

EIN 54-1025127 • 501(c)3 • Farmville, VA

Profile

The organization services the senior citizens of planning district 14 by providing personal care and homemaker services, transportation services, and home-delivered and congregate meals.

1413 S Main StFarmville, VA 23901

www.psraaa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

50th percentile

0.07x

Higher debt load relative to revenue than 50% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

38th percentile

-0.4%

Higher net margin than 38% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

71st percentile

$111,977

Higher top officer pay than 71% of similar nonprofits.

Top officer pay equals 3.9% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

69th percentile

12%

Faster asset growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-7.1%

Faster revenue growth than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,748,400

Up $184,393 (+12%) from 2023

Liabilities

Up

$208,352

Up $161,709 (+347%) from 2023

Net Assets

Up

$1,540,048

Up $22,684 (+1.5%) from 2023

Revenue

Down

$2,858,653

Down $219,279 (-7.1%) from 2023

Expenses

Up

$2,869,379

Up $48,148 (+1.7%) from 2023

Net Income

Down

-$10,726

Down $267,427 (-104%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $245,884Liabilities 2011: $64,377Net Assets 2011: $181,5072011Assets 2012: $267,357Liabilities 2012: $59,368Net Assets 2012: $207,9892012Assets 2013: $199,758Liabilities 2013: $62,368Net Assets 2013: $137,3902013Assets 2014: $482,536Liabilities 2014: $40,516Net Assets 2014: $442,0202014Assets 2015: $591,003Liabilities 2015: $86,992Net Assets 2015: $504,0112015Assets 2016: $509,284Liabilities 2016: $58,096Net Assets 2016: $451,1882016Assets 2017: $570,949Liabilities 2017: $78,645Net Assets 2017: $492,3042017Assets 2018: $651,330Liabilities 2018: $77,930Net Assets 2018: $573,4002018Assets 2019: $698,740Liabilities 2019: $58,932Net Assets 2019: $639,8082019Assets 2020: $790,662Liabilities 2020: $34,458Net Assets 2020: $756,2042020Assets 2021: $1,220,730Liabilities 2021: $73,675Net Assets 2021: $1,147,0552021Assets 2022: $1,286,296Liabilities 2022: $42,077Net Assets 2022: $1,244,2192022Assets 2023: $1,564,007Liabilities 2023: $46,643Net Assets 2023: $1,517,3642023Assets 2024: $1,748,400Liabilities 2024: $208,352Net Assets 2024: $1,540,0482024

Highlighted filing

2024

Assets$1,748,400
Liabilities$208,352
Net Assets$1,540,048

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2011: $1,703,9292011Expenses 2012: $1,629,7942012Revenue 2013: $1,479,949Expenses 2013: $1,550,548Net Income 2013: -$70,5992013Revenue 2014: $1,515,566Expenses 2014: $1,269,588Net Income 2014: $245,9782014Revenue 2015: $1,617,428Expenses 2015: $1,559,242Net Income 2015: $58,1862015Revenue 2016: $1,571,766Expenses 2016: $1,624,589Net Income 2016: -$52,8232016Revenue 2017: $1,609,626Expenses 2017: $1,568,510Net Income 2017: $41,1162017Revenue 2018: $1,765,085Expenses 2018: $1,683,989Net Income 2018: $81,0962018Revenue 2019: $2,029,615Expenses 2019: $1,963,207Net Income 2019: $66,4082019Revenue 2020: $2,219,911Expenses 2020: $2,103,515Net Income 2020: $116,3962020Revenue 2021: $2,629,787Expenses 2021: $2,230,307Net Income 2021: $399,4802021Revenue 2022: $2,593,514Expenses 2022: $2,538,441Net Income 2022: $55,0732022Revenue 2023: $3,077,932Expenses 2023: $2,821,231Net Income 2023: $256,7012023Revenue 2024: $2,858,653Expenses 2024: $2,869,379Net Income 2024: -$10,7262024

Highlighted filing

2024

Revenue$2,858,653
Expenses$2,869,379
Net Income-$10,726

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.75$0.21$1.54$2.86$2.87$0.01
2023Detailed filing. Detailed filing data is available for this year.$1.56$0.05$1.52$3.08$2.82$0.26
2022Detailed filing. Detailed filing data is available for this year.$1.29$0.04$1.24$2.59$2.54$0.06
2021Detailed filing. Detailed filing data is available for this year.$1.22$0.07$1.15$2.63$2.23$0.40
2020Detailed filing. Detailed filing data is available for this year.$0.79$0.03$0.76$2.22$2.10$0.12
2019Detailed filing. Detailed filing data is available for this year.$0.70$0.06$0.64$2.03$1.96$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.65$0.08$0.57$1.77$1.68$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.57$0.08$0.49$1.61$1.57$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.51$0.06$0.45$1.57$1.62$0.05
2015Detailed filing. Detailed filing data is available for this year.$0.59$0.09$0.50$1.62$1.56$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.48$0.04$0.44$1.52$1.27$0.25
2013Summary only. Only limited summary data is available for this year.$0.20$0.06$0.14$1.48$1.55$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.06$0.21$1.63
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.06$0.18$1.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Feb 14, 2025
Return Version
2023v6.0
Gross Receipts
$2,918,904
Mission and Program Overview

Mission

The organization services the senior citizens of planning district 14 by providing personal care and homemaker services, transportation services, and home-delivered and congregate meals.

Primary exempt purpose is providing home-delivered and congregate meals, personal care and homemaker services, and transportation services to the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$613,990$824,940▲ $210,950
Land, Buildings, and Equipment, Net$354,834$283,470▼ $71,364
Accounts Receivable$344,670$222,374▼ $122,296
Investments in Publicly Traded Securities$182,307$219,343▲ $37,036
Intangible Assets-$163,991-
Prepaid Expenses and Deferred Charges$53,189$18,942▼ $34,247
Inventories for Sale or Use$7,260$7,583▲ $323
Total Assets$1,564,007$1,748,400▲ $184,393
Other Assets Total$7,757$7,757→ $0
Liabilities
Other Liabilities$0$164,915▲ $164,915
Accounts Payable and Accrued Expenses$46,643$43,437▼ $3,206
Total Liabilities$46,643$208,352▲ $161,709
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$785,941$1,214,947▲ $429,006
Net Assets With Donor Restrictions$731,423$325,101▼ $406,322
Total Net Assets Fund Balance$1,517,364$1,540,048▲ $22,684
Total Liabilities and Net Assets / Fund Balance$1,564,007$1,748,400▲ $184,393

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$212,192$452,383$664,575
Equipment$34,112$47,711$81,823
Buildings$37,166$8,940$46,106
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Justine YoungExecutive DirectorFT$111,977$111,977

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$2,791,970
Program Service Revenue
$60,198
Investment Income
$18,353
Other Revenue
$-11,868
All Other Contributions
$475,894
Change in Net Assets
$-10,726

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Food Inventory1$123,850Fair Market Value
Other Non Cash Contri Table1$13,485Fair Market Value
Total Noncash Contributions2$137,335-

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,858,653
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$80,118
Total Revenue per Audited Statements
$2,938,771
Total Revenue per Form 990
$2,858,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,600,812
Other Expenses$1,268,567
Total Fundraising Expense$998
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,074,487$126,797$998$1,202,282
All Other Expenses$133,762$39,166-$172,928
Other Employee Benefits$129,029$5,647-$134,676
Current Officers, Directors, Trustees, and Key Employees$122,871$3,800-$126,671
Occupancy$93,854$26,923-$120,777
Payroll Taxes$92,880$7,844-$100,724
Depreciation Depletion$80,747$11,617-$92,364
Other Expenses$43,929$43,066-$86,995
Advertising$32,165$15,154-$47,319
Insurance$28,824$11,379-$40,203
Pension Plan Contributions$30,773$5,686-$36,459
Fees for Services Other$10,567$15,447-$26,014
Office Expenses$12,417$9,626-$22,043
Travel$8,590$1,123-$9,713
Fees for Services Legal$7,500--$7,500
Total Functional Expenses$2,540,790$327,591$998$2,869,379

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,916,087
Expenses per Audited Statements$2,869,379
Total Expenses per Form 990$2,869,379
Expenses Not Reported on Form 990$46,708
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$24,014
Fundraising Gross Income$12,146
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$164,915
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The executive director reviews the form 990 prior to filing.

Form 990, Part VI, Section B, Line 12C

Enforcement of conflict of interest is accomplished through inquiries of personnel.

Form 990, Part VI, Section C, Line 19

Governing documents are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Piedmont Senior Resources
EIN
54-1025127
Phone
4347675588
Address
1413 S MAIN ST, FARMVILLE, VA 23901

Signing Officer

Name
Justine Young
Title
Executive Director
Phone
4347675588
Signed
2025-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Justine Young
Formed
1977
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
72
Volunteers
40

Preparer

Firm
HARRIS HARVEY NEAL & COLLPCPA'S
Address
PO BOX 3424, DANVILLE, VA 24543-3424
Preparer
Stephen M Gay
Phone
4347923220
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Asc 842 operating lease adjustment -924.

Financial Statement Notes

PART X, LINE 2:

The organization implemented fasb asc 740-10 regarding accounting for uncertainty in income taxes. The organization does not currently have any unrelated business taxable income. The organization is subject to routine audits by taxing jurisdictions. However, currently no audits of any tax periods are in progress. Management of the organization believes that the organization is no longer subject to income tax examinations for the years prior to september 30, 2020.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted on 990

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising expenses netted on 990 asc 842 operating lease adjustment

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
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