Civic Intelligence

Peter-Paul Development Center Inc.

990 • Fiscal year 2023 • EIN 54-1137164

Jul 01, 2022 to Jun 30, 2023 • Filed on Dec 15, 2023

1708 North 22nd StreetRichmond, VA 23223

(804) 780-1195

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

23rd percentile

0.02x

Higher debt load relative to assets than 23% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

26th percentile

0.05x

Higher debt load relative to revenue than 26% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

32nd percentile

-2.3%

Higher net margin than 32% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$135,794

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 5.4% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

33rd percentile

0.2%

Faster asset growth than 33% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

14th percentile

-25%

Faster revenue growth than 14% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Assets

Up

$7,797,921

Up $17,544 (+0.2%) from 2022

Net Assets

Up

$7,668,272

Up $992 (+0.0%) from 2022

Liabilities

Up

$129,649

Up $16,552 (+15%) from 2022

Revenue

Down

$2,506,786

Down $848,316 (-25%) from 2022

Expenses

Down

$2,563,515

Down $39,308 (-1.5%) from 2022

Net Income

Down

-$56,729

Down $809,008 (-108%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$8.0M$6.0M$4.0M$2.0M$0Assets 2011: $2,497,910Liabilities 2011: $1,334,989Net Assets 2011: $1,162,9212011Assets 2012: $2,455,543Liabilities 2012: $1,300,144Net Assets 2012: $1,155,3992012Assets 2013: $2,620,562Liabilities 2013: $1,337,742Net Assets 2013: $1,282,8202013Assets 2014: $2,563,945Liabilities 2014: $1,306,242Net Assets 2014: $1,257,7032014Assets 2015: $4,396,005Liabilities 2015: $1,245,364Net Assets 2015: $3,150,6412015Assets 2016: $5,217,663Liabilities 2016: $727,182Net Assets 2016: $4,490,4812016Assets 2017: $6,255,870Liabilities 2017: $435,638Net Assets 2017: $5,820,2322017Assets 2018: $6,173,556Liabilities 2018: $375,281Net Assets 2018: $5,798,2752018Assets 2019: $5,917,959Liabilities 2019: $43,683Net Assets 2019: $5,874,2762019Assets 2020: $6,033,094Liabilities 2020: $437,737Net Assets 2020: $5,595,3572020Assets 2021: $7,016,700Liabilities 2021: $68,966Net Assets 2021: $6,947,7342021Assets 2022: $7,780,377Liabilities 2022: $113,097Net Assets 2022: $7,667,2802022Assets 2023: $7,797,921Liabilities 2023: $129,649Net Assets 2023: $7,668,2722023Assets 2024: $7,858,184Liabilities 2024: $150,582Net Assets 2024: $7,707,6022024

Highlighted filing

2023

Assets$7,797,921
Liabilities$129,649
Net Assets$7,668,272

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $953,443Expenses 2011: $1,218,118Net Income 2011: -$264,6752011Revenue 2012: $934,562Expenses 2012: $942,084Net Income 2012: -$7,5222012Revenue 2013: $1,217,158Expenses 2013: $1,089,737Net Income 2013: $127,4212013Revenue 2014: $1,150,246Expenses 2014: $1,175,363Net Income 2014: -$25,1172014Revenue 2015: $3,499,279Expenses 2015: $1,606,341Net Income 2015: $1,892,9382015Revenue 2016: $3,200,809Expenses 2016: $1,860,969Net Income 2016: $1,339,8402016Revenue 2017: $3,125,302Expenses 2017: $1,795,551Net Income 2017: $1,329,7512017Revenue 2018: $2,044,581Expenses 2018: $2,066,538Net Income 2018: -$21,9572018Revenue 2019: $2,457,169Expenses 2019: $2,381,168Net Income 2019: $76,0012019Revenue 2020: $2,482,691Expenses 2020: $2,755,745Net Income 2020: -$273,0542020Revenue 2021: $3,146,096Expenses 2021: $2,033,478Net Income 2021: $1,112,6182021Revenue 2022: $3,355,102Expenses 2022: $2,602,823Net Income 2022: $752,2792022Revenue 2023: $2,506,786Expenses 2023: $2,563,515Net Income 2023: -$56,7292023Revenue 2024: $2,031,321Expenses 2024: $2,123,530Net Income 2024: -$92,2092024

Highlighted filing

2023

Revenue$2,506,786
Expenses$2,563,515
Net Income-$56,729
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Dec 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,506,786
Mission and Program Overview

Mission

Provide educational and charitable assistance for youth, senior and other members of the inner city community in Richmond where the center is located.

To support the residents of richmond's east end and educate its student, equipping them to serve as positive contributors to their family, community, and society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,859,082$2,888,754▲ $29,672
Cash and Non-Interest-Bearing Accounts$2,676,015$2,811,540▲ $135,525
Investments in Publicly Traded Securities$739,988$806,289▲ $66,301
Investments Other Securities$755,828$766,267▲ $10,439
Pledges and Grants Receivable$361,891$508,791▲ $146,900
Accounts Receivable$375,053$5,916▼ $369,137
Total Assets$7,780,377$7,797,921▲ $17,544
Other Assets Total$12,520$10,364▼ $2,156
Liabilities
Accounts Payable and Accrued Expenses$113,097$129,649▲ $16,552
Total Liabilities$113,097$129,649▲ $16,552
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,963,737$5,941,296▼ $1,022,441
Net Assets With Donor Restrictions$703,543$1,726,976▲ $1,023,433
Total Net Assets Fund Balance$7,667,280$7,668,272▲ $992
Total Liabilities and Net Assets / Fund Balance$7,780,377$7,797,921▲ $17,544

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,220,946$1,054,249$3,275,195
Other Land Buildings$256,257$276,244$532,501
Land$323,006-$323,006
Equipment$88,545$195,037$283,582
Other Securities$766,267--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$755,828$2,003▲ $15,916-$766,267
2021$801,098$7,465▼ $23,471-$755,828
2020$549,232$3,100▲ $254,851-$801,098
2019$576,122-▼ $5,865$15,145$549,232
2018$567,190-▲ $22,627$8,040$576,122
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Damon JiggettsExecutive DiFT$135,794$135,794
Damon JiggettsExecutive Director-$135,794$135,794

Board Members and Trustees

NameTitle
Jessica BrooksChair
Tyrone PaytonVice Chair
Bill HarneyDirector
Christa ColemanDirector
Corey DurantDirector
George ThornDirector
Hillary ParkhouseDirector
John HopperDirector
Maiesha HawkinsDirector
Missy ReynoldsDirector
Rae CousinsDirector
Stephen WilsonDirector
Tamika DanielDirector
Thomas WatsonDirector
William MurrayDirector
Corey TaylorExecutive of
David SamsSecretary
Chad EiseleTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,456,316
Program Service Revenue
$2,875
Investment Income
$26,205
Other Revenue
$21,390
All Other Contributions
$2,300,345
Change in Net Assets
$-56,729

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,492,415
Revenue Not Reported on Financial Statements
$14,371
Revenue Not Reported on Form 990
$72,092
Total Revenue per Audited Statements
$2,564,507
Total Revenue per Form 990
$2,506,786
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,695,227
Other Expenses$868,288
Total Fundraising Expense$338,848
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$974,221$185,283$151,017$1,310,521
Depreciation Depletion$120,097$91,839$23,548$235,484
Comp Disqual Persons$54,318$40,738$40,738$135,794
Fees for Services Other$4,221$83,342$33,780$121,343
Other Employee Benefits$61,665$22,593$27,157$111,415
Payroll Taxes$77,764$17,005$14,492$109,261
Occupancy$78,430$12,413$5,352$96,195
All Other Expenses$17,157$13,683$28,217$59,057
Insurance$22,378$6,095$1,492$29,965
Other Expenses$22,819$4,382$1,346$28,547
Pension Plan Contributions$9,869$13,582$4,785$28,236
Conferences and Meetings$5,472$7,986$1,054$14,512
Office Expenses$5,850$7,418$913$14,181
Total Functional Expenses$1,712,550$512,117$338,848$2,563,515

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,563,515
Total Expenses per Audited Statements$2,563,515
Total Expenses per Form 990$2,563,515
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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, Page 6, Part VI, Line 11B

A copy of the form 990 will be distributed to the board and reviewed prior to filing.

Form 990, Page 6, Part VI, Line 12C

Conflict of interest policy is reviewed annually with officers and directors.

Form 990, Page 6, Part VI, Line 19

AVAILABLE UPON REQUEST.

Filing and Contact Details

Filer

Filer Name
Peter Paul Development Center Inc
EIN
54-1137164
Phone
8047801195
Address
1708 NORTH 22ND STREET, RICHMOND, VA 23223

Signing Officer

Name
Corey Taylor
Title
Executive Officer
Phone
8047801195
Signed
2023-12-15

Organization Details

Principal Officer
Damon Jiggetts
Formed
1979
Legal Domicile
Va
Voting Board Members
17
Independent Board Members
17
Employees
75
Volunteers
161

Preparer

Firm
Robinson Farmer Cox Associates
Address
401 SOUTHLAKE BLVD, RICHMOND, VA 23236
Preparer
Aaron B Hawkins
Phone
8043784200
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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, ppdc is the oldest continually operating community center in the area. The organization changed its focus from recreation to eduction in 2008, following a project sponsored by virginia commonwealth univeristy 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 enpowerment through education: to support the residents of the east end and educate its students, equipping them to serve as positive role contributors to their family, community, and society. Under the leadership of our executive director, damon jiggetts, mpa, we achieve our mission through three program areas. First, we serve the community through our youth program, which consists of the after school learning immersion program and the summer promise. Both focus on providing out-of-school time education, and the success of each is based on our developing innovative, individualized academic supports for students from grades 2 through 12. 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 prespective 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. 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.

Financial Statement Notes

Schedule D, Page 2, Part V, Line 4

The david t. Anderson endowment for youth education will provide a legacy of sustainable funding with revenue providing support for the education of youth at the center and its satelite locations.

Schedule D, Page 3, Part X

The center follows financial accounting standards board ("fasb") guidance for how uncertain tax positions should be recognized, measured, and disclosed and presented in the financial statements. Management evaluated the center's tax position and concluded that the center had taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance. The center is not currently under audit by any tax jurisdiction.

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IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14SECRETARY
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
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IRS990/MissionDesc0PETER 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, PPDC IS THE OLDEST CONTINUALLY OPERATING COMMUNITY CENTER IN THE AREA. THE ORGANIZATION CHANGED ITS FOCUS FROM RECREATION TO EDUCTION IN 2008, FOLLOWING A PROJECT SPONSORED BY VIRGINIA COMMONWEALTH UNIVERISTY 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 ENPOWERMENT THROUGH EDUCATION: TO SUPPORT THE RESIDENTS OF THE EAST END AND EDUCATE ITS STUDENTS, EQUIPPING THEM TO SERVE AS POSITIVE ROLE CONTRIBUTORS TO THEIR FAMILY, COMMUNITY, AND SOCIETY. UNDER THE LEADERSHIP OF OUR EXECUTIVE DIRECTOR, DAMON JIGGETTS, MPA, WE ACHIEVE OUR MISSION THROUGH THREE PROGRAM AREAS. FIRST, WE SERVE THE COMM
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Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$7.86$0.15$7.71$2.03$2.12$0.09
2023Detailed filing. Detailed filing data is available for this year.$7.80$0.13$7.67$2.51$2.56$0.06
2022Detailed filing. Detailed filing data is available for this year.$7.78$0.11$7.67$3.36$2.60$0.75
2021Detailed filing. Detailed filing data is available for this year.$7.02$0.07$6.95$3.15$2.03$1.11
2020Detailed filing. Detailed filing data is available for this year.$6.03$0.44$5.60$2.48$2.76$0.27
2019Detailed filing. Detailed filing data is available for this year.$5.92$0.04$5.87$2.46$2.38$0.08
2018Detailed filing. Detailed filing data is available for this year.$6.17$0.38$5.80$2.04$2.07$0.02
2017Detailed filing. Detailed filing data is available for this year.$6.26$0.44$5.82$3.13$1.80$1.33
2016Detailed filing. Detailed filing data is available for this year.$5.22$0.73$4.49$3.20$1.86$1.34
2015Detailed filing. Detailed filing data is available for this year.$4.40$1.25$3.15$3.50$1.61$1.89
2014Summary only. Only limited summary data is available for this year.$2.56$1.31$1.26$1.15$1.18$0.03
2013Summary only. Only limited summary data is available for this year.$2.62$1.34$1.28$1.22$1.09$0.13
2012Summary only. Only limited summary data is available for this year.$2.46$1.30$1.16$0.93$0.94$0.01
2011Summary only. Only limited summary data is available for this year.$2.50$1.33$1.16$0.95$1.22$0.26