Civic Intelligence

Greater Portsmouth Development Corp

990 • Fiscal year 2013 • EIN 54-1877166

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 06, 2014

Organization ProfileN/A
200 High Street Suite 20123704

(757) 397-8473

Siviq Scores

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

Liabilities / Assets

78th percentile

0.50x

Higher debt load relative to assets than 78% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

100th percentile

1434%

Higher net margin than 100% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Top Officer Pay

38th percentile

$0

Higher top officer pay than 38% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2013

Asset Growth

41st percentile

-0.2%

Faster asset growth than 41% of similar nonprofits.

2013 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$3,874,739

Down $9,125 (-0.2%) from 2012

Net Assets

Down

$1,929,166

Down $72,773 (-3.6%) from 2012

Liabilities

Up

$1,945,573

Up $63,648 (+3.4%) from 2012

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

-$5,075

No earlier filing loaded for comparison.

Expenses

Up

$67,698

Up $11,359 (+20%) from 2012

Net Income

-$72,773

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth41st percentile

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

$10M$5.0M$0Assets 2010: $8,733,868Liabilities 2010: $5,588,953Net Assets 2010: $3,144,9152010Assets 2011: $8,664,794Liabilities 2011: $5,553,639Net Assets 2011: $3,111,1552011Assets 2012: $3,883,864Liabilities 2012: $1,881,925Net Assets 2012: $2,001,9392012Assets 2013: $3,874,739Liabilities 2013: $1,945,573Net Assets 2013: $1,929,1662013Assets 2014: $3,837,183Liabilities 2014: $1,934,821Net Assets 2014: $1,902,3622014Assets 2015: $3,839,368Liabilities 2015: $1,965,091Net Assets 2015: $1,874,2772015Assets 2016: $3,811,907Liabilities 2016: $1,937,826Net Assets 2016: $1,874,0812016Assets 2017: $3,688,590Liabilities 2017: $1,875,831Net Assets 2017: $1,812,7592017Assets 2018: $3,611,465Liabilities 2018: $1,880,667Net Assets 2018: $1,730,7982018Assets 2019: $3,558,495Liabilities 2019: $1,750,398Net Assets 2019: $1,808,0972019Assets 2020: $0Liabilities 2020: $0Net Assets 2020: $02020

Highlighted filing

2013

Assets$3,874,739
Liabilities$1,945,573
Net Assets$1,929,166
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$500K$0-$500K-$1.0M-$1.5M-$2.0MExpenses 2010: $55,3412010Expenses 2011: $51,3792011Expenses 2012: $56,3392012Revenue 2013: -$5,075Expenses 2013: $67,698Net Income 2013: -$72,7732013Revenue 2014: $15,331Expenses 2014: $42,135Net Income 2014: -$26,8042014Revenue 2015: $15,524Expenses 2015: $43,609Net Income 2015: -$28,0852015Revenue 2016: $27,433Expenses 2016: $27,629Net Income 2016: -$1962016Revenue 2017: $18,600Expenses 2017: $79,922Net Income 2017: -$61,3222017Revenue 2018: $5,783Expenses 2018: $55,745Net Income 2018: -$49,9622018Revenue 2019: $1,192Expenses 2019: $39,492Net Income 2019: -$38,3002019Revenue 2020: -$1,705,982Expenses 2020: $39,849Net Income 2020: -$1,745,8312020

Highlighted filing

2013

Revenue-$5,075
Expenses$67,698
Net Income-$72,773
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 6, 2014
Return Version
2013v3.1
Gross Receipts
$101,218
Mission and Program Overview

Mission

To promote and stimulate economic development within portsmouth, virginia.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,511,275$3,498,602▼ $12,673
Cash and Non-Interest-Bearing Accounts$162,448$135,414▼ $27,034
Savings and Temporary Cash Investments$132,542$125,440▼ $7,102
Pledges and Grants Receivable$67,407$67,407→ $0
Accounts Receivable$10,192$22,876▲ $12,684
Total Assets$3,883,864$3,874,739▼ $9,125
Other Assets Total-$25,000-
Liabilities
Other Liabilities$1,852,375$1,916,289▲ $63,914
Deferred Revenue$29,243$29,017▼ $226
Accounts Payable and Accrued Expenses$307$267▼ $40
Total Liabilities$1,881,925$1,945,573▲ $63,648
Net Assets / Fund Balance
Unrestricted Net Assets$2,001,939$1,929,166▼ $72,773
Total Net Assets Fund Balance$2,001,939$1,929,166▼ $72,773
Total Liabilities and Net Assets / Fund Balance$3,883,864$3,874,739▼ $9,125

Asset Categories

AssetBook ValueDepreciationBasis
Land$3,120,517-$3,120,517
Other Land Buildings$378,085$122,478$500,563
Compensation and Service Providers
Top Officer Pay38th percentile

Board Members and Trustees

NameTitle
David TynchPresident
Kathy WarrenDirector
Patrick SmallDirector
Bria MatchettProgram Cord
John RoweTreasurer/se
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$2,434
Other Revenue
$-7,509
Change in Net Assets
$-72,773

Audited Revenue Reconciliation

Revenue per Audited Statements
$-5,075
Total Revenue per Audited Statements
$-5,075
Total Revenue per Form 990
$-5,075
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$67,698
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other-$21,965-$21,965
Interest$11,801--$11,801
Fees for Services Accounting-$7,500-$7,500
Conferences and Meetings-$2,676-$2,676
Insurance-$2,553-$2,553
Other Expenses$1,100--$1,100
All Other Expenses$595--$595
Fees for Services Legal-$300-$300
Total Functional Expenses$32,704$34,994$0$67,698

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$67,698
Total Expenses per Audited Statements$67,698
Total Expenses per Form 990$67,698
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Mortgages and Other Notes Payable$1,912,789
Security Deposit Payable$3,500
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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

“The governing body received a draft of the tax return to approve before final processing.”

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

“Annually the board signs conflict of interest policy.”

Form 990, Page 6, Part VI, Line 15A

“Board of directors reviews and approves compensation.”

Form 990, Page 6, Part VI, Line 15B

“Board of directors reviews and approves compensation.”

Form 990, Page 6, Part VI, Line 19

“Documents are available to public upon request.”

Filing and Contact Details

Filer

EIN
54-1877166
Phone
7573978473

Signing Officer

Name
Bria Matchett
Title
Executive Director
Phone
7573978473
Signed
2014-08-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Tynch
Formed
1997
Legal Domicile
Va
Voting Board Members
5
Independent Board Members
5
Employees
0

Preparer

Preparer
Kimberly C Painter
Phone
7579615017
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“LOAN FEES 0 21,965 0”

Financial Statement Notes

Schedule D, Page 3, Part X

“Liability for uncertain tax positions under fin 48 footnote: the organization adopted the recognition requirements for uncertain income tax positions as required by generally accepted accounting principles, with no cumulative effect adjustment required. Income tax benefits are recognized for income tax positions taken or expected to be taken in a return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. The organization has analyzed the tax positions taken in its filings with the internal revenue service. The organization believes that its income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse affect on the organization's financial condition, results of operations or cash flows. Accordingly, the organization has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2013.”

Schedule D, Page 4, Part XIII

“The organization's form 990 for 2013, 2012 and 2011 are subject to examination by the internal revenue service, generally for three years after they are filed.”

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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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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MORTGAGES AND OTHER NOTES PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSIT PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0-5075
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 FOOTNOTE: THE ORGANIZATION ADOPTED THE RECOGNITION REQUIREMENTS FOR UNCERTAIN INCOME TAX POSITIONS AS REQUIRED BY GENERALLY ACCEPTED ACCOUNTING PRINCIPLES, WITH NO CUMULATIVE EFFECT ADJUSTMENT REQUIRED. INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE ORGANIZATION BELIEVES THAT ITS INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE AFFECT ON THE ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FORM 990 FOR 2013, 2012 AND 2011 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03498602
IRS990ScheduleD/TotalExpensesPerForm990Amt067698
IRS990ScheduleD/TotalLiabilityAmt01916289
IRS990ScheduleD/TotalRevenuePerForm990Amt0-5075
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-5075
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt067698
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE GOVERNING BODY RECEIVED A DRAFT OF THE TAX RETURN TO APPROVE BEFORE FINAL PROCESSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY THE BOARD SIGNS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD OF DIRECTORS REVIEWS AND APPROVES COMPENSATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE TO PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5LOAN FEES 0 21,965 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03883864
IRS990/TotalAssetsEOYAmt03874739
IRS990/TotalAssetsGrp/BOYAmt03883864
IRS990/TotalAssetsGrp/EOYAmt03874739
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt034994
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt032704
IRS990/TotalFunctionalExpensesGrp/TotalAmt067698
IRS990/TotalGrossUBIAmt0-52925
IRS990/TotalLiabilitiesBOYAmt01881925
IRS990/TotalLiabilitiesEOYAmt01945573
IRS990/TotalLiabilitiesGrp/BOYAmt01881925
IRS990/TotalLiabilitiesGrp/EOYAmt01945573
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02001939
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01929166
IRS990/TotalProgramServiceExpensesAmt032704
IRS990/TotalRevenueGrp/ExclusionAmt047725
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0125
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-5075
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0-52925
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03883864
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03874739
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt02001939
IRS990/UnrestrictedNetAssetsGrp/EOYAmt01929166
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10200 HIGH STREET SUITE 201
IRS990/USAddress/City0PORTSMOUTH
IRS990/USAddress/State0VA
IRS990/USAddress/ZIPCode023704
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRIA MATCHETT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07573978473
ReturnHeader/BusinessOfficerGrp/SignatureDt02014-08-06
ReturnHeader/Filer/BusinessName/BusinessNameLine10GREATER PORTSMOUTH DEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0GREA
ReturnHeader/Filer/EIN0541877166
ReturnHeader/Filer/PhoneNum07573978473
ReturnHeader/Filer/USAddress/AddressLine10200 HIGH STREET SUITE 201
ReturnHeader/Filer/USAddress/City0PORTSMOUTH
ReturnHeader/Filer/USAddress/State0VA
ReturnHeader/Filer/USAddress/ZIPCode023704
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200221868
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BARNES BROCK CORNWELL & PAINTER PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine10908 EDEN WAY N STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City0CHESAPEAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode0233202640
ReturnHeader/PreparerPersonGrp/PhoneNum07579615017
ReturnHeader/PreparerPersonGrp/PreparationDt02014-09-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY C PAINTER
ReturnHeader/ReturnTs02014-09-14T17:45:13-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,874,739
Liabilities
$1,945,573
Net assets
$1,929,166
Revenue
-$5,075
Expenses
$67,698
Net income
-$72,773
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$1.71$0.04$1.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.56$1.75$1.81$0.00$0.04$0.04
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.61$1.88$1.73$0.01$0.06$0.05
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.69$1.88$1.81$0.02$0.08$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.81$1.94$1.87$0.03$0.03$0.00
2015Detailed filing. Detailed filing data is available for this year.$3.84$1.97$1.87$0.02$0.04$0.03
2014Detailed filing. Detailed filing data is available for this year.$3.84$1.93$1.90$0.02$0.04$0.03
2013Detailed filing. Detailed filing data is available for this year.$3.87$1.95$1.93$0.01$0.07$0.07
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.88$1.88$2.00$0.06
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.66$5.55$3.11$0.05
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.73$5.59$3.14$0.06