Civic Intelligence

Partnership Development Foundation Inc.

990 • Fiscal year 2013 • EIN 75-3193664

Jan 01, 2013 to Dec 31, 2013 • Filed on May 07, 2014

Organization ProfileN/A
200 High StreetRoom/Suite 20123704

(757) 397-8473

Siviq Scores

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

Liabilities / Assets

89th percentile

0.82x

Higher debt load relative to assets than 89% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Liabilities / Revenue

100th percentile

4400.82x

Higher debt load relative to revenue than 100% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Net Margin

1st percentile

-324%

Higher net margin than 1% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2013 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2013

Asset Growth

50th percentile

2.1%

Faster asset growth than 50% of similar nonprofits.

2013 filings • 501(c)3 • $500k-$1M 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 / Assets89th percentile

Assets

Up

$601,562

Up $12,637 (+2.1%) from 2012

Net Assets

Down

$108,670

Down $363 (-0.3%) from 2012

Liabilities

Up

$492,892

Up $13,000 (+2.7%) from 2012

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

$112

No earlier filing loaded for comparison.

Expenses

Up

$475

Up $333 (+235%) from 2012

Net Income

-$363

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth50th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KAssets 2010: $544,688Liabilities 2010: $478,892Net Assets 2010: $65,7962010Assets 2011: $587,936Liabilities 2011: $478,892Net Assets 2011: $109,0442011Assets 2012: $588,925Liabilities 2012: $479,892Net Assets 2012: $109,0332012Assets 2013: $601,562Liabilities 2013: $492,892Net Assets 2013: $108,6702013Assets 2014: $684,598Liabilities 2014: $575,892Net Assets 2014: $108,7062014Assets 2015: $698,973Liabilities 2015: $590,393Net Assets 2015: $108,5802015Assets 2016: $720,452Liabilities 2016: $611,145Net Assets 2016: $109,3072016Assets 2017: $726,141Liabilities 2017: $617,145Net Assets 2017: $108,9962017Assets 2018: $740,807Liabilities 2018: $482,726Net Assets 2018: $258,0812018Assets 2019: $5,999Liabilities 2019: $39,905Net Assets 2019: -$33,9062019Assets 2020: $202,121Liabilities 2020: $4,878Net Assets 2020: $197,2432020Assets 2021: $761,009Liabilities 2021: $207,178Net Assets 2021: $553,8312021Assets 2022: $1,258,807Liabilities 2022: $420,500Net Assets 2022: $838,3072022Assets 2023: $1,720,116Liabilities 2023: $763,328Net Assets 2023: $956,7882023Assets 2024: $1,536,692Liabilities 2024: $438,241Net Assets 2024: $1,098,4512024Assets 2025: $1,374,169Liabilities 2025: $406,562Net Assets 2025: $967,6072025

Highlighted filing

2013

Assets$601,562
Liabilities$492,892
Net Assets$108,670
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$1.0M$500K$0-$500KExpenses 2010: $2252010Expenses 2011: $1252011Expenses 2012: $1422012Revenue 2013: $112Expenses 2013: $475Net Income 2013: -$3632013Revenue 2014: $162Expenses 2014: $126Net Income 2014: $362014Revenue 2015: $0Expenses 2015: $126Net Income 2015: -$1262015Revenue 2016: $1,652Expenses 2016: $925Net Income 2016: $7272016Revenue 2017: $1Expenses 2017: $312Net Income 2017: -$3112017Revenue 2018: $41Expenses 2018: $125Net Income 2018: -$842018Revenue 2019: -$282,947Expenses 2019: $9,040Net Income 2019: -$291,9872019Revenue 2020: $199,964Expenses 2020: $14,641Net Income 2020: $185,3232020Revenue 2021: $502,133Expenses 2021: $145,545Net Income 2021: $356,5882021Revenue 2022: $518,132Expenses 2022: $233,658Net Income 2022: $284,4742022Revenue 2023: $270,274Expenses 2023: $151,793Net Income 2023: $118,4812023Revenue 2024: $426,608Expenses 2024: $284,945Net Income 2024: $141,6632024Revenue 2025: $214,507Expenses 2025: $345,351Net Income 2025: -$130,8442025

Highlighted filing

2013

Revenue$112
Expenses$475
Net Income-$363
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 7, 2014
Return Version
2013v3.1
Gross Receipts
$112
Mission and Program Overview

Mission

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$588,888$599,473▲ $10,585
Cash and Non-Interest-Bearing Accounts$37$2,089▲ $2,052
Total Assets$588,925$601,562▲ $12,637
Liabilities
Other Liabilities$330,723$343,723▲ $13,000
Grants Payable$149,169$149,169→ $0
Total Liabilities$479,892$492,892▲ $13,000
Net Assets / Fund Balance
Unrestricted Net Assets$109,033$108,670▼ $363
Total Net Assets Fund Balance$109,033$108,670▼ $363
Total Liabilities and Net Assets / Fund Balance$588,925$601,562▲ $12,637

Asset Categories

AssetBook ValueDepreciationBasis
Land$599,473-$599,473
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
James E BentoPresident
David R TynchDirector
James Kenneth JolleyDirector
Stephen J ChaplinDirector
W Carroll CreecyDirector
Kathleen M WarrenEx-officio
Bria MatchettExecutive Di
Bill HargroveSecretary
Donald W Comer JrTreasurer
William H KlineVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$112
Other Revenue
$0
Change in Net Assets
$-363

Audited Revenue Reconciliation

Revenue per Audited Statements
$112
Total Revenue per Audited Statements
$112
Total Revenue per Form 990
$112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$475
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 Legal$450--$450
Other Expenses$25--$25
Total Functional Expenses$475$0$0$475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$475
Total Expenses per Audited Statements$475
Total Expenses per Form 990$475
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
Loan Payable Pp$223,605
Loan Payable Pp Foundation$120,118
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
Yes
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

“Annual review and approval by the board.”

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

“Annual review and approval by the board.”

Form 990, Page 6, Part VI, Line 19

“Public inspection is available upon request.”

Filing and Contact Details

Filer

EIN
75-3193664
Phone
7573978473

Signing Officer

Name
Bria Matchett
Title
Executive Director
Phone
7573978473
Signed
2014-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James E Bento President
Formed
2005
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Preparer
Kimberly C Painter
Phone
7579615017
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“Liability for uncertain tax positions under fin 48 footnote: the foundation 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 foundation has analyzed the tax positions taken in its filings with the internal revenue service. The foundation 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 foundation's financial condition, results of operations or cash flows. Accordingly, the foundation 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 foundation's federal return of foundation exempt from income tax (form 990) for 2012, 2011, and 2010 are subject to examination by the irs, generally for three years after they were 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/RevenueSubtotalAmt0112
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 FOOTNOTE: THE FOUNDATION 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 FOUNDATION HAS ANALYZED THE TAX POSITIONS TAKEN IN ITS FILINGS WITH THE INTERNAL REVENUE SERVICE. THE FOUNDATION 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 FOUNDATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE FOUNDATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2013.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S FEDERAL RETURN OF FOUNDATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2012, 2011, AND 2010 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY WERE FILED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XIII
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0599473
IRS990ScheduleD/TotalExpensesPerForm990Amt0475
IRS990ScheduleD/TotalLiabilityAmt0343723
IRS990ScheduleD/TotalRevenuePerForm990Amt0112
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0112
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0475
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO 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/ExplanationTxt1THE GOVERNING BODY RECEIVED A DRAFT OF THE TAX RETURN TO APPROVE BEFORE FINAL PROCESSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUALLY THE BOARD SIGNS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUAL REVIEW AND APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL REVIEW AND APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PUBLIC INSPECTION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0588925
IRS990/TotalAssetsEOYAmt0601562
IRS990/TotalAssetsGrp/BOYAmt0588925
IRS990/TotalAssetsGrp/EOYAmt0601562
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0475
IRS990/TotalFunctionalExpensesGrp/TotalAmt0475
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0479892
IRS990/TotalLiabilitiesEOYAmt0492892
IRS990/TotalLiabilitiesGrp/BOYAmt0479892
IRS990/TotalLiabilitiesGrp/EOYAmt0492892
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0109033
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0108670
IRS990/TotalProgramServiceExpensesAmt0475
IRS990/TotalRevenueGrp/ExclusionAmt0112
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0112
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0588925
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0601562
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0109033
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0108670
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine10200 HIGH STREET STE 201
IRS990/USAddress/City0PORTSMOUTH
IRS990/USAddress/State0VA
IRS990/USAddress/ZIPCode023704
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
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/SignatureDt02014-05-07
ReturnHeader/Filer/BusinessName/BusinessNameLine10PARTNERSHIP DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine20INC
ReturnHeader/Filer/BusinessNameControlTxt0PART
ReturnHeader/Filer/EIN0753193664
ReturnHeader/Filer/PhoneNum07573978473
ReturnHeader/Filer/USAddress/AddressLine10200 HIGH STREET
ReturnHeader/Filer/USAddress/AddressLine20ROOM/SUITE 201
ReturnHeader/Filer/USAddress/City0PORTSMOUTH
ReturnHeader/Filer/USAddress/State0VA
ReturnHeader/Filer/USAddress/ZIPCode023704
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine10BARNES BROCK CORNWELL & HEILMAN 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/PreparationDt02014-05-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY C PAINTER
ReturnHeader/ReturnTs02014-05-20T07:55:43-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02013-01-01
ReturnHeader/TaxPeriodEndDt02013-12-31
ReturnHeader/TaxYr02013

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$601,562
Liabilities
$492,892
Net assets
$108,670
Revenue
$112
Expenses
$475
Net income
-$363
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.37$0.41$0.97$0.21$0.35$0.13
2024Detailed filing. Detailed filing data is available for this year.$1.54$0.44$1.10$0.43$0.28$0.14
2023Detailed filing. Detailed filing data is available for this year.$1.72$0.76$0.96$0.27$0.15$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.26$0.42$0.84$0.52$0.23$0.28
2021Detailed filing. Detailed filing data is available for this year.$0.76$0.21$0.55$0.50$0.15$0.36
2020Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.20$0.01$0.19
2019Detailed filing. Detailed filing data is available for this year.$0.01$0.04$0.03$0.28$0.01$0.29
2018Detailed filing. Detailed filing data is available for this year.$0.74$0.48$0.26$0.00$0.00$0.00
2017Detailed filing. Detailed filing data is available for this year.$0.73$0.62$0.11$0.00$0.00$0.00
2016Detailed filing. Detailed filing data is available for this year.$0.72$0.61$0.11$0.00$0.00$0.00
2015Detailed filing. Detailed filing data is available for this year.$0.70$0.59$0.11$0.00$0.00$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.68$0.58$0.11$0.00$0.00$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.60$0.49$0.11$0.00$0.00$0.00
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.48$0.11$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.59$0.48$0.11$0.00
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.54$0.48$0.07$0.00