Piedmont Residential Development Center Inc
- Assets
- $2.2m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 95
- Location
- Concord, NC
- Founding
- 06/1977
- Data as of
- 06/2023
- EIN
- 59-1719434
Organization Overview
Piedmont Residential Development Center Inc is located in Concord, NC. The organization was established in 1977. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2023, Piedmont Residential Development Center Inc employed 95 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Piedmont Residential Development Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Piedmont Residential Development Center Inc generated $4.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $4.2m during the year ending 06/2023. While expenses have increased by 3.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PIEDMONT RESIDENTIAL DEVELOPMENT CENTER, INC. SERVES INTELLECTUALLY AND PHYSICALLY DISABLED CHILDREN AND ADULTS. PRDC PROVIDES LONG-TERM DEVELOPMENTAL, EDUCATIONAL, THERAPEUTIC, NURSING AND MEDICAL CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BOST CHILDREN'S CENTER PROVIDES LONG-TERM DEVELOPMENTAL, EDUCATIONAL, THERAPEUTIC, MEDICAL AMD NURSING CARE FOR SEVERELY AND PROFOUNDLY HANDICAPPED INDIVIDUALS.
MICHIGAN STREET HOME PROVIDES LONG-TERM DEVELOPMENTAL, EDUCATIONAL, THERAPEUTIC, MEDICAL AND NURSING CARE FOR SEVERELY AND PROFOUNDLY HANDICAPPED INDIVIDUALS.
WILHELM PLACE HOME PROVIDES LONG-TERM DEVELOPMENTAL, EDUCATIONAL, THERAPEUTIC, MEDICAL AND NURSING CARE FOR SEVERELY AND PROFOUNDLY HANDICAPPED INDIVIDUALS.
CHRISTY WOODS HOME PROVIDES LONG-TERM DEVELOPMENTAL, EDUCATIONAL, THERAPEUTIC, MEDICAL, AND NURSING CARE FOR SEVERELY AND PROFOUNDLY HANDICAPPED INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paula Flanagan Board Chair | Trustee | 0.5 | $0 |
Kathleen Smith Vice Chair | Trustee | 0.5 | $0 |
Jean Hargett Secretary | Trustee | 0.5 | $0 |
Lisa Cox Executive Di | 40 | $156,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $47,523 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,523 |
| Total Program Service Revenue | $4,222,590 |
| Investment income | $5,591 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,394,988 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,738,262 |
| Pension plan accruals and contributions | $28,240 |
| Other employee benefits | $227,164 |
| Payroll taxes | $206,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $206 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,898 |
| Travel | $15,215 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $14,399 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $37,972 |
| Insurance | $0 |
| All other expenses | $49,969 |
| Total functional expenses | $4,177,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,410,795 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $193,547 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,566 |
| Net Land, buildings, and equipment | $590,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,199,618 |
| Accounts payable and accrued expenses | $202,817 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $252,769 |
| Other liabilities | $0 |
| Total liabilities | $455,586 |
| Net assets without donor restrictions | $1,739,282 |
| Net assets with donor restrictions | $4,750 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,199,618 |