2025-05-13T09:43:59-05:00 2024-06-30 390758449 WIPFLI LLP 2501 W BELTLINE HWY STE 501 MADISON WI 53713 990 2023-07-01 541989160 PEOPLE INCORPORATED FINANCIAL SERVICES INC PEOP 2766239000 1173 WEST MAIN STREET ABINGDON VA 24210 BRYAN PHIPPS CEO 2766239000 2025-05-09 1 1 QUINN DUGAN P02267768 6082741980 2025-05-09 2023 2025-03-06 01:10:19Z BRYAN PHIPPS 1173 WEST MAIN STREET ABINGDON VA 24210 2174921 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 1643806 765137 1219533 975278 303042 387294 22775 47212 3189156 2174921 0 0 0 0 742892 842341 0 0 0 2105821 1455015 2848713 2297356 340443 -122435 11055198 8688506 3245573 4001916 7809625 4686590 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 2193004 0 975278 BUSINESSAND FINANCIAL LITERACY TRAINING, INDIVIDUAL TECHNICAL ASSISTANCE, AND MARKETING SERVICES TO ENTREPRENEURS AND OTHERS THROUGHOUT THE REGION. 89 JOBS WERE CREATED AND RETAINED AS A RESULT OF COMMUNITY ECONOMIC DEVELOPMENT PROGRAM ACTIVITIES. BUSINESS LENDING & TRAINING: 668 ENTREPRENEURS RECEIVED SMALL BUSINESS DEVELOPMENT LENDING AND TRAINING SERVICES TO SUCCESSFULLY MANAGE THEIR OWN BUSINESS. CONSUMER LENDING & EDUCATION: 470 INDIVIDUALS RECEIVED FINANCIAL LITERACY TRAINING AND ACCESS TO AFFORDABLE FINANCING TO MEET THEIR SHORT TERM NEEDS. 2193004 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 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 1 1 VA X X BRYAN PHIPPS 2766239000 1173 WEST MAIN STREET ABINGDON VA 24210 CHARLOTTE MULLINS CHAIR 1.00 X X 0 0 0 BILLY TAYLOR VICE-CHAIR 1.00 2.00 X X 0 0 0 SHELIA COMBS TUGGLE TREASURER 1.00 X X 0 0 0 DAVID MCCRACKEN SECRETARY 1.00 2.00 X X 0 0 0 WILLIAM BUTLER DIRECTOR 1.00 X 0 0 0 MARTIN DIXON DIRECTOR 1.00 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 PRESIDENT/CEO 1.00 41.00 X 0 191482 3829 JANET SHRADER VICE PRESIDENT/CFO (THRU 05/24) 1.00 41.00 X 0 123360 16599 0 314842 20428 0 0 1 0 0 746785 18352 765137 HOUSING CLOSING FEES 624200 975278 975278 975278 387294 387294 47212 47212 47212 2174921 975278 0 434506 630660 587056 43604 11430 10640 790 150189 139804 10385 50062 46601 3461 1825 1825 167059 147900 19159 57960 57960 19323 19323 3091 3091 70969 70969 75417 63045 12372 13855 11077 2778 10722 10722 49794 46351 3443 6254 5822 432 BAD DEBT EXPENSE 788052 788052 REPAIRS & MAINTENANCE 20523 19104 1419 170171 165487 4684 2297356 2193004 104352 0 501393 642677 1465612 2458919 560938 281017 5564927 5294688 11308 0 12170 11205 2938850 0 11055198 8688506 134869 0 0 251003 3072656 2722345 38048 1028568 3245573 4001916 X 2415080 1741265 5394545 2945325 7809625 4686590 11055198 8688506 X -122435 -3396580 395980 X X 0 1 X 1 0 X 2176128 2530460 4468650 1643806 765137 11584181 2176128 2530460 4468650 1643806 765137 11584181 11584181 153538 193204 194407 303042 387294 1231485 12815666 2217586 0.90390 0.92370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 RELATED PARTY PAYABLE 1028568 1028568 X 2174921 0 2174921 0 2174921 2297356 0 2297356 0 2297356 PART X, LINE 2: PIFS IS REQUIRED TO ASSESS WHETHER IT IS MORE LIKELY THAN NOT THAT THE 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 PRESIDENT/CEO 0 176443 0 0 0 15039 0 3829 0 0 0 195311 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW THE FORM 990 WITH THE FINANCE COMMITTEE. THE FINANCE COMMITTEE THEN RECOMMENDS TO THE FULL BOARD FOR APPROVAL BEFORE FILING. 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 EXECUTIVE COMMITTEE IS RESPONSIBLE FOR MAKING DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING DIRECTORS, THE CEO, AND OTHER MEMBERS OF SENIOR MANAGEMENT. THE CHAIR OF THE COMMITTEE IS RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICTS INVOLVING COMMITTEE MEMBERS. THE CHAIR OF THE BOARD IS RESPONSIBLE FOR MAKING ALL DECISIONS CONCERNING RESOLUTIONS OF CONFLICT INVOLVING THE CHAIR OF THE 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 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. FORM 990, PART XI, LINE 9: CHANGE IN ACCOUNTING STANDARD 395,980. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES MADE FROM PRIOR YEAR. FORM 990, PART VI, SECTION B, LINE 16A: PIFS IS THE COMMUNITY DEVELOPMENT ENTITY (CDE) FOR PARTICIPATION IN JOINT VENTURES FOR THE NEW MARKET TAX CREDIT PROGRAM. 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