Pepper Ridge Development LLC

Analysis

Pepper Ridge Development LLC is a registered charity in United States, based in Valdosta, GA. It received its IRS tax-exemption ruling in January 2006, 20 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pepper Ridge Development LLC reported income of $395k and spending of $525k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $406k to $395k (-2.8%), an average of -0.7% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pepper Ridge Development LLC sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within GA. Charities of a similar size with the same main cause include Ahepa-Penelope 35 Inc ($395k), HDP Mason Housing Corporation ($395k) and Golden Empire Affordable Housing Inc II ($395k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $36k. At year end it held assets of $1.5m against liabilities of $2.0m, net assets of -$508k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.