Nonprofit · EIN 54-1598358
PORTSMOUTH DEVELOPMENT CORPORATION
Tax-exempt · PORTSMOUTH, VA 23707
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990-PF | $0 | $3,325 | -$3,325 | $92,973 | $11,734 | $81,239 |
| June 30, 2024 | 990-PF | $0 | $3,000 | -$3,000 | $93,089 | $8,525 | $84,564 |
Financial details: 990-PF for the year ended June 30, 2025
Revenue
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $3,325
Balance sheet and other
- Total assets, start of year
- $93,089
- Total assets, end of year
- $92,973
- Total liabilities, end of year
- $11,734
- Net assets, end of year
- $81,239
- Fair market value of assets
- $91,397
- Qualifying distributions
- $3,325
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANNON STERLING 3116 SOUTH STREET, PORTSMOUTH, VA 23707 | INTERIM CFO | 0.1 | $0 |
| EDWARD BLAND 3116 SOUTH STREET, PORTSMOUTH, VA 23707 | PRESIDENT | 0.1 | $0 |
| ALISA WINSTON 3116 SOUTH STREET, PORTSMOUTH, VA 23707 | VICE PRESIDENT | 0.1 | $0 |
990-PF for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHANNON STERLING 3116 SOUTH STREET, PORTSMOUTH, VA 23707 | INTERIM CFO | 0.1 | $0 |
| EDWARD BLAND 3116 SOUTH STREET, PORTSMOUTH, VA 23707 | PRESIDENT | 0.1 | $0 |
| ALISA WINSTON 3116 SOUTH STREET, PORTSMOUTH, VA 23707 | VICE PRESIDENT | 0.1 | $0 |
Address and contacts
- Address (IRS master file)
- 3116 SOUTH ST, PORTSMOUTH, VA 23707-4116
- Signed the 990-PF
- EDWARD BLAND, EXECUTIVE DIRECTOR
- Phone
- (757) 399-5261
- Website
- WWW.PRHA.ORG
- Return prepared by
- COHNREZNICK ADVISORY LLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | Check at the IRS |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 54-1598358
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990-PF
- Assets (IRS master file)
- $92,973
- Income (IRS master file)
- $1
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | June 2025 | $0 | $3,325 | $92,973 | XML |
| 990-PF | June 2024 | $0 | $3,000 | $93,089 | IRS |
| 990-PF | June 2023 | – | – | – | IRS |
| 990-PF | June 2022 | – | – | – | IRS |
| 990-PF | June 2021 | – | – | – | IRS |
| 990-PF | June 2020 | – | – | – | IRS |
| 990-PF | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 54-1598358).
Questions about PORTSMOUTH DEVELOPMENT CORPORATION
- What is the EIN of PORTSMOUTH DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of PORTSMOUTH DEVELOPMENT CORPORATION is 54-1598358.
- Is PORTSMOUTH DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to PORTSMOUTH DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PORTSMOUTH DEVELOPMENT CORPORATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PORTSMOUTH DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PORTSMOUTH DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended June 2025.
- Who are the officers and directors of PORTSMOUTH DEVELOPMENT CORPORATION?
- The 990-PF for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does PORTSMOUTH DEVELOPMENT CORPORATION have?
- On its 990-PF for the year ended June 30, 2025 it reported revenue of $0, expenses of $3,325 and total assets of $92,973 at year end.
Other nonprofits in PORTSMOUTH
- MERCY CHEFS INC EIN 20-5050449 · last filed 990 for 2024
- PORTSMOUTH COMMUNITY HEALTH CENTER INC EIN 54-1626757 · last filed 990 for 2025
- HOLIDAY HOUSE OF PORTSMOUTH INC EIN 54-1207126 · last filed 990 for 2025
- BEAZLEY FOUNDATION INC EIN 54-0550100 · last filed 990-PF for 2024
- FOUNDATIONS FOR HOME AND COMMUNITY INC EIN 31-1701722 · last filed 990 for 2025
- HAMPTON ROADS BIOMEDICAL RESEARCH CONSORTIUM EIN 85-2555984 · last filed 990 for 2025
- COMMUNITIES IN SCHOOLS OF HAMPTON ROADS EIN 26-2504678 · last filed 990 for 2026
- TORAS CHAIM THE RABBI CHAIM SHERESHEVSKY INSTITUTE OF MESORAH EIN 41-2027554 · last filed 990 for 2025