Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
EIN 75-3193664 • 501(c)3 • Portsmouth, VA
Profile
To support the city of portsmouth by reclaiming under performing properties for a higher and better use for the economic growth of the entire city and by providing financial resources for other charitable and educational organizations.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
81st percentile
Higher debt load relative to assets than 81% of similar nonprofits.
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
87th percentile
Higher net margin than 87% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
87th percentile
Faster asset growth than 87% of similar nonprofits.
Revenue Growth
5th percentile
Faster revenue growth than 5% of similar nonprofits.
Assets
Down$1,374,169
Down $162,523 (-11%) from 2024
Liabilities
Down$406,562
Down $31,679 (-7.2%) from 2024
Net Assets
Down$967,607
Down $130,844 (-12%) from 2024
Revenue
Down$214,507
Down $212,101 (-50%) from 2024
Expenses
Up$345,351
Up $60,406 (+21%) from 2024
Net Income
Down-$130,844
Down $272,507 (-192%) from 2024
Most recent year
2025 • Form 990Detailed filing. Detailed filing data is available for this year.
To support the city of portsmouth by reclaiming under performing properties for a higher and better use for the economic growth of the entire city and by providing financial resources for other charitable and educational organizations.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $984,077 | $844,361 | ▼ $139,716 |
| Cash and Non-Interest-Bearing Accounts | $109,244 | $106,616 | ▼ $2,628 |
| Accounts Receivable | - | $10,000 | - |
| Total Assets | $1,536,692 | $1,374,169 | ▼ $162,523 |
| Other Assets Total | $443,371 | $413,192 | ▼ $30,179 |
| Liabilities | |||
| Other Liabilities | $438,241 | $406,562 | ▼ $31,679 |
| Total Liabilities | $438,241 | $406,562 | ▼ $31,679 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,098,451 | $967,607 | ▼ $130,844 |
| Total Net Assets Fund Balance | $1,098,451 | $967,607 | ▼ $130,844 |
| Total Liabilities and Net Assets / Fund Balance | $1,536,692 | $1,374,169 | ▼ $162,523 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Leasehold Improvements | $629,865 | $240,682 | $870,547 |
| Equipment | $214,496 | $342,643 | $557,139 |
| Other Land Buildings | - | $5,000 | $5,000 |
| Other Assets Org | $1,500 | - | - |
| Name | Title |
|---|---|
| Camille Cherry | President |
| Cameron Robinett | Director |
| Chris Shelton | Director |
| Curtis Lyons | Director |
| Matthew Tuttle | Director |
| Ross Cherry | Director |
| Steve Heretick | Director |
| Michelle Wren | Executive Di |
| William H Hargrove Iii | Treasurer/se |
| Max Greenhood | Vice Preside |
| Line Item | Amount |
|---|---|
| Other Expenses | $345,351 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Expenses | $205,336 | - | - | $205,336 |
| Depreciation Depletion | $139,715 | - | - | $139,715 |
| Office Expenses | $300 | - | - | $300 |
| Total Functional Expenses | $345,351 | $0 | $0 | $345,351 |
| Line Item | Amount |
|---|---|
| Total Expenses per Audited Statements | $434,903 |
| Expenses per Audited Statements | $345,351 |
| Total Expenses per Form 990 | $345,351 |
| Expenses Not Reported on Form 990 | $89,552 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Operating Lease Liability | $406,562 |
“The governing body received a draft of the tax return to approve before final processing.”
“Annually the board signs conflict of interest policy.”
“Annual review and approval by the board.”
“Annual review and approval by the board.”
“Public inspection is available upon request.”
“To support the city of portsmouth by reclaiming under performing properties for a higher and better use for the economic growth of the entire city and by providing financial resources for other charitable and educational organizations.”
“To support economic growth in the city of portsmouth by providing financial support and human resources for specific projects and by promoting education within the city.”
“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, 2025.”
“The organization's federal return of organization exempt from income tax (form 990) for 2025, 2024, and 2023 are subject to examination by the irs, generally for three years after they were filed.”
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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|---|---|---|
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| IRS990/FormationYr | 0 | 2005 |
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| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 22 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 60 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 77 |
| IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt | 0 | 278 |
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| IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt | 0 | 278 |
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| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 518132 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 502133 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 1931654 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleD/DonatedServicesAndUseFcltsAmt | 0 | 89552 |
| IRS990ScheduleD/DonatedServicesUseFcltsAmt | 0 | 89552 |
| IRS990ScheduleD/EquipmentGrp/BookValueAmt | 0 | 214496 |
| IRS990ScheduleD/EquipmentGrp/DepreciationAmt | 0 | 342643 |
| IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt | 0 | 557139 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 89552 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 345351 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt | 0 | 629865 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt | 0 | 240682 |
| IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt | 0 | 870547 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 406562 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 1 | 5130 |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 2 | 1500 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | OPERATING LEASE RIGHT-OF-USE |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 1 | DEPOSIT |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 2 | LOAN REC RELATED PARTY |
| IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt | 0 | 5000 |
| IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt | 0 | 5000 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 406562 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | OPERATING LEASE LIABILITY |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 89552 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 214507 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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, 2025. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2025, 2024, AND 2023 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED. |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | SCHEDULE D, PAGE 3, PART X |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | SCHEDULE D, PAGE 4, PART XIII |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 844361 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 413192 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 345351 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 406562 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 214507 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 304059 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 434903 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | TO SUPPORT THE CITY OF PORTSMOUTH BY RECLAIMING UNDER PERFORMING PROPERTIES FOR A HIGHER AND BETTER USE FOR THE ECONOMIC GROWTH OF THE ENTIRE CITY AND BY PROVIDING FINANCIAL RESOURCES FOR OTHER CHARITABLE AND EDUCATIONAL ORGANIZATIONS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | TO SUPPORT ECONOMIC GROWTH IN THE CITY OF PORTSMOUTH BY PROVIDING FINANCIAL SUPPORT AND HUMAN RESOURCES FOR SPECIFIC PROJECTS AND BY PROMOTING EDUCATION WITHIN THE CITY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE GOVERNING BODY RECEIVED A DRAFT OF THE TAX RETURN TO APPROVE BEFORE FINAL PROCESSING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ANNUALLY THE BOARD SIGNS CONFLICT OF INTEREST POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ANNUAL REVIEW AND APPROVAL BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | ANNUAL REVIEW AND APPROVAL BY THE BOARD. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | PUBLIC INSPECTION IS AVAILABLE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 2, PART III, LINE 4D |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 15B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 1536692 |
| IRS990/TotalAssetsEOYAmt | 0 | 1374169 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 1536692 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1374169 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 214325 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 345351 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 345351 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 438241 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 406562 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 438241 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 406562 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1098451 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 967607 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 345351 |
| IRS990/TotalRevenueGrp/ExclusionAmt | 0 | 54 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 128 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 214507 |
| IRS990/TotalVolunteersCnt | 0 | 9 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1536692 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1374169 |
| IRS990/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990/TypeOfOrganizationCorpInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 739 HIGH STREET |
| IRS990/USAddress/CityNm | 0 | PORTSMOUTH |
| IRS990/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/USAddress/ZIPCd | 0 | 23704 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 9 |
| IRS990/VotingMembersIndependentCnt | 0 | 9 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
| IRS990/WhistleblowerPolicyInd | 0 | true |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHELLE WREN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | EXECUTIVE DIRECTOR |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7573978473 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2026-03-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | PARTNERSHIP DEVELOPMENT FOUNDATION |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | PART |
| ReturnHeader/Filer/EIN | 0 | 753193664 |
| ReturnHeader/Filer/PhoneNum | 0 | 7573978473 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 739 HIGH STREET |
| ReturnHeader/Filer/USAddress/CityNm | 0 | PORTSMOUTH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23704 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 200221868 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | BARNES BROCK CORNWELL & PAINTER PLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 908 EDEN WAY N STE 201 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | CHESAPEAKE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 233202640 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7579615017 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2026-03-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | KIMBERLY C PAINTER CPA |
| ReturnHeader/ReturnTs | 0 | 2026-03-10T09:47:59-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
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