2024-05-13T08:52:41-05:00 2023-06-30 390758449 WIPFLI LLP 2501 W BELTLINE HWY STE 401 MADISON WI 53713 990 2022-07-01 541989160 PEOPLE INCORPORATED FINANCIAL SERVICES INC PEOP 2766239000 1173 WEST MAIN STREET ABINGDON VA 24210 BRYAN PHIPPS CEO 2766239000 2024-05-13 1 BRYAN PHIPPS 999009999 1 QUINN DUGAN P02267768 6082741980 2024-05-13 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z BRYAN PHIPPS 1173 WEST MAIN STREET ABINGDON VA 24210 3189156 0 X WWW.PEOPLEINC.NET X 2000 VA TO PROMOTE THE ECONOMIC SELF-SUFFICIENCY AND A BETTER QUALITY OF LIFE FOR THE CITIZENS OF THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, AND ASSET DEVELOPMENT. IN SUPPORT OF THIS GOAL, PEOPLE FINANCIAL SERVICES PROVIDES BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION. 10 10 0 10 0 0 4468650 1643806 0 1219533 194407 303042 0 22775 4663057 3189156 0 0 0 0 1080227 742892 0 0 0 3072114 2105821 4152341 2848713 510716 340443 9830118 11055198 2360936 3245573 7469182 7809625 X TO PROMOTE THE ECONOMIC SELF-SUFFICIENCY AND A BETTER QUALITY OF LIFE FOR THE CITIZENS OF THE REGION THROUGH SMALL BUSINESS OWNERSHIP, JOB CREATION, AND ASSET DEVELOPMENT. IN SUPPORT OF THIS GOAL, PEOPLE FINANCIAL SERVICES PROVIDES BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION. 0 0 2215110 0 1219533 BUSINESS AND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION. 147 JOBS WERE CREATED OR RETAINED AS A RESULT OF COMMUNITY ECONOMIC DEVELOPMENT PROGRAM ACTIVITIES.BUSINESS LENDING: 239 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS.CONSUMER LENDING: 754 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING AND ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT TERM NEEDS. 2215110 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 VA X X BRYAN PHIPPS 2766239000 1173 WEST MAIN STREET ABINGDON VA 24210 CHARLOTTE MULLINS CHAIR 1.00 0.00 X X 0 0 0 BILLY TAYLOR VICE-CHAIR 1.00 2.00 X X 0 0 0 SHELIA COMBS TUGGLE TREASURER 1.00 0.00 X X 0 0 0 DAVID MCCRACKEN SECRETARY 1.00 2.00 X X 0 0 0 WILLIAM BUTLER DIRECTOR 1.00 0.00 X 0 0 0 MARTIN DIXON DIRECTOR 1.00 0.00 X 0 0 0 PEGGY KISER DIRECTOR 1.00 2.00 X 0 0 0 ALICE MEADE DIRECTOR 1.00 1.00 X 0 0 0 JAN SELBO DIRECTOR 1.00 2.00 X 0 0 0 CHRIS SHORTRIDGE DIRECTOR 1.00 2.00 X 0 0 0 BRYAN PHIPPS CEO 1.00 41.00 X 0 184294 3617 JANET SHRADER VP OF FINANCE 1.00 41.00 X 0 119335 12926 0 303629 16543 0 0 1 0 0 1625453 18353 1643806 HOUSING CLOSING FEES 624200 1219533 1219533 1219533 303042 303042 22775 22775 22775 3189156 1219533 0 325817 534600 408061 126539 11309 8725 2584 149777 115556 34221 47206 36420 10786 352 352 113375 15203 98172 122004 122004 5250 5250 4199 4199 52483 52483 58236 49991 8245 18906 10599 8307 30825 13721 17104 8030 7436 594 SPONSOR FEE 900000 900000 BAD DEBT EXPENSE 603069 316828 286241 INDIRECT EXPENSE 106803 69820 36983 REPAIRS AND MAINTENANCE 21074 18151 2923 61215 60663 552 2848713 2215110 633603 0 2741051 501393 0 1465612 519178 560938 4228381 5564927 261 11308 15000 12170 2326247 2938850 9830118 11055198 190803 134869 2120637 3072656 49496 38048 2360936 3245573 X 2694760 2415080 4774422 5394545 7469182 7809625 9830118 11055198 340443 0 X 0 1 X 1 0 X 1490254 2176128 2530460 4468650 1643806 12309298 1490254 2176128 2530460 4468650 1643806 12309298 12309298 172602 153538 193204 194407 303042 1016793 13326091 1242308 0.92370 0.97590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 PEOPLE INCORPORATED RECEIVABLE 2938850 2938850 COMPENSATED ABSENCES 38048 38048 X 3189156 0 3189156 0 3189156 2848713 0 2848713 0 2848713 PART X, LINE 2: PIFS IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT IS ALSO EXEMPT FROM VIRGINIA FRANCHISE OR INCOME TAX. PIFS IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WILL BE SUSTAINED UPON EXAMINATION ON THE TECHNICAL MERITS OF THE POSITION ASSUMING THE TAXING AUTHORITY HAS FULL KNOWLEDGE OF ALL INFORMATION. IF THE TAX POSITION DOES NOT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD, THE BENEFIT OF THAT POSITION IS NOT RECOGNIZED IN THE FINANCIAL STATEMENTS. PIFS HAS DETERMINED THERE ARE NO AMOUNTS TO RECORD AS ASSETS OR LIABILITIES RELATED TO UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 0 0 BRYAN PHIPPS CEO 0 180086 0 0 0 4208 0 3617 0 0 0 187911 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND THE VP OF FINANCE MEET WITH THE TREASURER OF THE BOARD TO REVIEW THE RETURN. THE TREASURER WILL THEN PRESENT THE RETURN TO THE FULL BOARD FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C ANY APPARENT OR REAL CONFLICTS OF INTEREST MUST BE DISCLOSED TO THE CEO. THE CEO HAS AN OBLIGATION TO DISCLOSE ANY REAL AND APPARENT CONFLICTS OF INTEREST TO THE BOARD OF DIRECTORS. THE AUDIT COMMITTEE IS RESPONSIBLE FOR MAKING DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING DIRECTORS, THE CEO, AND OTHER MEMBERS OF SENIOR MANAGEMENT. THE CHAIR OF THE AUDIT COMMITTEE IS RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING AUDIT COMMITTEE MEMBERS. THE CHAIR OF THE BOARD IS RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICT INVOLVING THE CHAIR OF THE AUDIT COMMITTEE. THE CEO IS RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF A CONFLICT INVOLVING EMPLOYEES BELOW SENIOR MANAGEMENT LEVEL, SUBJECT TO THE APPROVAL OF THE AUDIT COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. PEOPLE INCORPORATED HOUSING GROUP 1173 WEST MAIN STREET ABINGDON CA 24210 542073839 HOUSING VA 501(C)(3) LINE 7 PEOPLE INCORPORATED OF VIRGINIA 0 PEOPLE INCORPORATED OF VIRGINIA 1173 WEST MAIN STREET ABINGDON CA 24210 540763686 COMMUNITY SERVICES VA 501(C)(3) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0