PEOPLE INCORPORATED FINANCIAL SERVICES

ABINGDON, VA | Washington County
Economic Development

Overview

PEOPLE INCORPORATED FINANCIAL SERVICES
54-1989160
1173 W MAIN ST
ABINGDON, VA 24210
Washington County
(276) 623-9000

Mission Statement info

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.

Founded info
2000
Total Employees info
0
Total Volunteers info
Not reported
CRA Category info
  • Economic Development
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • NMTC Recipient
Nonprofit Classification (NTEE Code) info
S22

S - Community Improvement, Capacity Building

Neighborhood & Block Associations

Organizations whose members are residents of a particular community or neighborhood who have joined together to remedy deficiencies in existing neighborhood conditions or to enhance conditions that are currently satisfactory.

IRS Activity Codes info
-
Not reported
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
813410
Civic and Social Organizations

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
CRA Certification info
Has not applied.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
Most Recent CDFI Award info
2019
$565,000
CDFI Financial Assistance
2013
$597,000
CDFI Financial Assistance
2010
$750,000
CDFI Financial Assistance
New Market Tax Credit Recipient info
Most Recent NMTC Award info
2018

$60,000,000
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$1.7M
Revenue
$1.7M
Assets
$7.9M
Exempt Ruling Date info
2002-11
Deductibility Status info
Deductible
Tax Filing Year info
2018
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
Not reported
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Nonprofit Location

Physical Address info
1173 W MAIN ST
ABINGDON, VA 24210
Washington County
FIPS Geocoded Address info
28700
MSA/CBSA info
51
State info
191
County info
0104.02
Tract info
Upper
Income Level info
Core-Based Statistical Area info
Kingsport-Bristol, TN-VA
Combined Statistical Area info
Johnson City-Kingsport-Bristol, TN-VA
Metropolitan Division info
Not located in an MD.
Area Type info
Metropolitan Statistical Area
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 6.93%
Designated Distressed Census Tract info
Underserved Census Tract info

Market Data

Census Tract County
0104.02 Washington County
Population
Total Population 3,187 54,071
Total Households 1,424 22,321
Income
Median Family Income (Census*) $68,060 $48,495
Median Family Income (2019 FFIEC) $55,100 N/A
Tract Income Percentage 132.9% N/A
Below Poverty Level 12.6% 14.6%
Unemployment Level 9.5% 5.2%
Housing
Total Housing Units 1,587 25,961
Total Owner-Occupied Units 67.8% 75.2%
Total Renter-Occupied Units 21.9% 24.8%
Total Vacant Units 10.3% 4%
* Census tract income based on 2019 Census estimated data; County income based on 2019 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

10
Total Voting Members
in Governing Body
info
10
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Robert Goldsmith
CEO
(276) 623-9000
Principal Officer info
Robert Goldsmith
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.