Civic Intelligence

Partnership Development Foundation Inc.

990 • Fiscal year 2022 • EIN 75-3193664

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 07, 2023

Organization ProfileN/A
739 High StreetPortsmouth, VA 23704

(757) 397-8473

Siviq Scores

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

Liabilities / Assets

77th percentile

0.33x

Higher debt load relative to assets than 77% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.81x

Higher debt load relative to revenue than 86% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

91st percentile

55%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

91st percentile

65%

Faster asset growth than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

46th percentile

3.2%

Faster revenue growth than 46% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$1,258,807

Up $497,798 (+65%) from 2021

Net Assets

Up

$838,307

Up $284,476 (+51%) from 2021

Liabilities

Up

$420,500

Up $213,322 (+103%) from 2021

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin91st percentile

Revenue

Up

$518,132

Up $15,999 (+3.2%) from 2021

Expenses

Up

$233,658

Up $88,113 (+61%) from 2021

Net Income

Down

$284,474

Down $72,114 (-20%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2022

Assets$1,258,807
Liabilities$420,500
Net Assets$838,307
Open 2022 Filing

Operations Trend

Revenue Growth46th percentile

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

2022

Revenue$518,132
Expenses$233,658
Net Income$284,474
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 7, 2023
Return Version
2022v4.1
Gross Receipts
$518,132
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$446,092$1,220,740▲ $774,648
Cash and Non-Interest-Bearing Accounts$269,109$25,437▼ $243,672
Accounts Receivable$36,000$7,500▼ $28,500
Total Assets$761,009$1,258,807▲ $497,798
Other Assets Total$9,808$5,130▼ $4,678
Liabilities
Other Liabilities$14,678$420,500▲ $405,822
Unsecured Notes Loans Payable$192,500--
Total Liabilities$207,178$420,500▲ $213,322
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$553,831$838,305▲ $284,474
Total Net Assets Fund Balance$553,831$838,305▲ $284,474
Total Liabilities and Net Assets / Fund Balance$761,009$1,258,805▲ $497,796

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$786,951$61,293$848,244
Equipment$431,206$108,350$539,556
Other Land Buildings$2,583$2,417$5,000
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Matthew TuttlePresident
Chris SheltonDirector
Curtis LyonsDirector
Jaclyn GordonDirector
Michelle WrenExecutive Di
William H Hargrove IiiTreasurer/se
Ross CherryVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$515,034
Program Service Revenue
$0
Investment Income
$60
Other Revenue
$3,038
All Other Contributions
$327,844
Change in Net Assets
$284,474

Audited Revenue Reconciliation

Revenue per Audited Statements
$518,132
Total Revenue per Audited Statements
$518,132
Total Revenue per Form 990
$518,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$233,658
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
Depreciation Depletion$129,888--$129,888
Fees for Services Other$8,191$5,648-$13,839
Other Expenses$2,214--$2,214
Total Functional Expenses$228,010$5,648$0$233,658

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$233,658
Total Expenses per Audited Statements$233,658
Total Expenses per Form 990$233,658
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 Related Party$420,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

Filer Name
Partnership Development Foundation
EIN
75-3193664
Phone
7573978473
Address
739 HIGH STREET, PORTSMOUTH, VA 23704

Signing Officer

Name
Michelle Wren
Title
Executive Director
Phone
7573978473
Signed
2023-02-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle Wren
Formed
2005
Legal Domicile
Va
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Barnes Brock Cornwell & Painter Plc
Address
908 EDEN WAY N STE 201, CHESAPEAKE, VA 23320-2640
Preparer
Kimberly C Painter CPA
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.”

Form 990, Page 2, Part III, Line 4D

“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.”

Financial Statement Notes

Schedule D, Page 3, Part X

“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, 2022.”

Schedule D, Page 4, Part XIII

“The organization's federal return of organization exempt from income tax (form 990) for 2022, 2021, and 2020 are subject to examination by the irs, generally for three years after they were filed.”

Raw XML Appendix384 raw XML fields

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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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt05618
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01225888
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IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02583
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0420500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN RELATED PARTY
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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, 2022.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S FEDERAL RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) FOR 2022, 2021, AND 2020 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
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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/ExplanationTxt1TO 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/ExplanationTxt2THE GOVERNING BODY RECEIVED A DRAFT OF THE TAX RETURN TO APPROVE BEFORE FINAL PROCESSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ANNUALLY THE BOARD SIGNS CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ANNUAL REVIEW AND APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ANNUAL REVIEW AND APPROVAL BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PUBLIC INSPECTION IS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
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IRS990/TerminateOperationsInd0false
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt05648
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0228010
IRS990/TotalFunctionalExpensesGrp/TotalAmt0233658
IRS990/TotalGrossUBIAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0838305
IRS990/TotalOtherProgSrvcExpenseAmt0129888
IRS990/TotalProgramServiceExpensesAmt0228010
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0518132
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IRS990/USAddress/AddressLine1Txt0739 HIGH STREET
IRS990/USAddress/CityNm0PORTSMOUTH
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IRS990/USAddress/ZIPCd023704
IRS990/VotingMembersGoverningBodyCnt04
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IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHELLE WREN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum07573978473
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARTNERSHIP DEVELOPMENT FOUNDATION
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0INC
ReturnHeader/Filer/BusinessNameControlTxt0PART
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0200221868
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BARNES BROCK CORNWELL & PAINTER PLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0908 EDEN WAY N STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHESAPEAKE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0233202640
ReturnHeader/PreparerPersonGrp/PhoneNum07579615017
ReturnHeader/PreparerPersonGrp/PreparationDt02023-03-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0KIMBERLY C PAINTER CPA
ReturnHeader/ReturnTs02023-03-09T15:17:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHELLE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0WREN
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,258,807
Liabilities
$420,500
Net assets
$838,307
Revenue
$518,132
Expenses
$233,658
Net income
$284,474
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