RESTORATION OF PETERSBURG COMMUNITY DEVELOPMENT CORP
418 Halifax Street, Petersburg, VA 23803 www.ropcdc.org

Total Revenue
$318,687
Total Expenses
$300,404
Net Assets
$37,612

Organizations Filed Purposes: The mission of ROPCDC is: To redevelop & revitalize the human & physical capital of the Halifax Community of Petersburg, VA through housing rentals, housing development, economic development, employment

Operate Little Angels Childcare Center, a world-class childcare & learning center, serving children ranging in age from 2 1/2 to 5 years. Enrollment at 12/31/2019 is 60 children (full time, part time & after school care) with a staff of 7, including 1 director.

Acquisition and maintenance costs related to the purchase of land within the Halifax community of Petersburg, Virginia (taxes, repairs & maintenance, utilities)

ROPCDC entered into an agreement with Better Housing Coalition of Petersburg to develop Claiborne Square, a senior housing/living facility in the Halifax community. The project is built on land owned by ROPCDC. BHC advanced $250,000 in the form of a note receivable to ROPCDC related to a ground lease of this land. The note is stated at the present value of the estimated fair value of rent, discounted at 4.64%, and will be amortized as rent income on a straight-line basis over 75 years. Deferred rent is $248,246, net, at 12/31/2018 and rental income is $12,000 for the year.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Tarasha PierceBoard Member0.25$0
Sherman UrquhartBoard Member0.25$0
Erica JacksonBoard Member0.25$0
Cortez DialBoard Member0.25$0
Richard BookerBoard Member0.25$0
Treva GordonBoard Member0.25$0
Javan JeffersonBoard Member0.25$0
Robert DiggsBoard Member1$0
Demarius JohnsonSecretary1$0
Jeanne HolmesTreasurer2$0
Shauna MayoChair4$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202023219349323317_public.xml