Pepper Ridge Development Llc
Pepper Ridge Development Llc consistently reports net losses and liabilities exceeding assets.
EIN: 202689134 · Valdosta, GA · NTEE: L21 · Updated: 2026-03-28
Is Pepper Ridge Development Llc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pepper Ridge Development Llc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Pepper Ridge Development Llc
Pepper Ridge Development Llc (EIN: 202689134) is a nonprofit organization based in Valdosta, GA, classified under NTEE code L21. The organization reported total revenue of $432K and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pepper Ridge Development Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pepper Ridge Development Llc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $395K |
| Total Expenses | $525K |
| Surplus / Deficit | $-130,024 |
| Total Assets | $1.5M |
| Total Liabilities | $2.0M |
| Net Assets | $-507,713 |
| Operating Margin | -32.9% |
| Debt-to-Asset Ratio | 134.2% |
| Months of Reserves | 34.0 months |
Financial Health Grade: C
In 2023, Pepper Ridge Development Llc reported a deficit of $130K with expenses exceeding revenue, holds 34.0 months of operating reserves (strong position), has a debt-to-asset ratio of 134.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Pepper Ridge Development Llc's revenue has grown at a compound annual growth rate (CAGR) of 0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.8% | +25.1% | -4.7% |
| 2022 | -1.8% | -6.2% | +1.6% |
| 2021 | -0.5% | +8.7% | -1.7% |
| 2020 | +0.3% | +6.6% | +4.2% |
| 2019 | +15.8% | -9.9% | +3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Pepper Ridge Development Llc with a Mission Score of 60 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Pepper Ridge Development Llc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $130K, with expenses exceeding revenue.
- Debt-to-asset ratio: 134.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all filings, indicating that no officers or key employees receive compensation directly from the organization, which is highly transparent and efficient in this regard.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Pepper Ridge Development Llc's IRS 990 filings:
- Consistent net losses over multiple years (e.g., 2023, 2022, 2021, 2018, 2017, 2016, 2015, 2014).
- Liabilities consistently exceed assets, indicating potential financial instability or high leverage (e.g., $1,993,547 liabilities vs. $1,485,834 assets in 2023).
- Lack of detailed expense breakdown prevents a clear assessment of program efficiency.
Strengths
The following positive indicators were identified for Pepper Ridge Development Llc:
- Zero officer compensation reported across all filings, indicating strong financial transparency regarding executive pay.
- Consistent operation over many years (13 filings), suggesting resilience despite financial challenges.
Frequently Asked Questions about Pepper Ridge Development Llc
Is Pepper Ridge Development Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, Pepper Ridge Development Llc (EIN: 202689134) some concerns. Mission Score: 60/100. 3 red flags identified, 2 strengths noted.
How does Pepper Ridge Development Llc spend its money?
Pepper Ridge Development Llc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Pepper Ridge Development Llc tax-deductible?
Pepper Ridge Development Llc is registered as a tax-exempt nonprofit (EIN: 202689134). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What is the specific nature of Pepper Ridge Development Llc's housing development activities?
The NTEE code L21 indicates 'Housing Development, Construction & Management', suggesting activities related to creating, building, or managing housing, likely for specific community needs or affordable housing initiatives.
Why do liabilities consistently exceed assets?
This financial structure, where liabilities consistently outweigh assets (e.g., $1,993,547 liabilities vs. $1,485,834 assets in 2023), could indicate heavy reliance on debt financing for property acquisition or development, or it might be structured as a limited liability company with specific financial arrangements not fully detailed in the summary data.
How does Pepper Ridge Development Llc cover its consistent operating deficits?
With expenses frequently exceeding revenue (e.g., $524,982 expenses vs. $394,958 revenue in 2023), the organization must be covering these deficits through accumulated reserves, additional loans, or other non-operating income sources not detailed in the provided summary.
Filing History
IRS 990 filing history for Pepper Ridge Development Llc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pepper Ridge Development Llc's revenue has grown by 2.1%, moving from $387K to $395K. Total assets decreased by 14.6% over the same period, from $1.7M to $1.5M. Total functional expenses rose by 31.3%, from $400K to $525K. In its most recent filing year (2023), Pepper Ridge Development Llc reported a deficit of $130K, with expenses exceeding revenue. The organization holds $2.0M in liabilities against $1.5M in assets (debt-to-asset ratio: 134.2%), resulting in net assets of $-507,713.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $395K | $525K | $1.5M | $2.0M | — | — |
| 2022 | $398K | $420K | $1.6M | $1.9M | — | — |
| 2021 | $405K | $448K | $1.5M | $1.9M | — | View 990 |
| 2020 | $407K | $412K | $1.6M | $1.9M | — | View 990 |
| 2019 | $406K | $386K | $1.5M | $1.8M | — | View 990 |
| 2018 | $351K | $428K | $1.4M | $1.8M | — | View 990 |
| 2017 | $313K | $392K | $1.5M | $1.7M | — | View 990 |
| 2016 | $368K | $448K | $1.8M | $2.0M | — | View 990 |
| 2015 | $390K | $403K | $1.5M | $1.6M | — | View 990 |
| 2014 | $382K | $509K | $1.5M | $1.6M | — | View 990 |
| 2013 | $368K | $432K | $1.6M | $1.6M | — | View 990 |
| 2012 | $379K | $539K | $1.6M | $1.5M | — | View 990 |
| 2011 | $387K | $400K | $1.7M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $395K, expenses of $525K, and assets of $1.5M (revenue -0.8% year-over-year).
- 2022: Revenue of $398K, expenses of $420K, and assets of $1.6M (revenue -1.8% year-over-year).
- 2021: Revenue of $405K, expenses of $448K, and assets of $1.5M (revenue -0.5% year-over-year).
- 2020: Revenue of $407K, expenses of $412K, and assets of $1.6M (revenue +0.3% year-over-year).
- 2019: Revenue of $406K, expenses of $386K, and assets of $1.5M (revenue +15.8% year-over-year).
- 2018: Revenue of $351K, expenses of $428K, and assets of $1.4M (revenue +11.9% year-over-year).
- 2017: Revenue of $313K, expenses of $392K, and assets of $1.5M (revenue -14.8% year-over-year).
- 2016: Revenue of $368K, expenses of $448K, and assets of $1.8M (revenue -5.8% year-over-year).
- 2015: Revenue of $390K, expenses of $403K, and assets of $1.5M (revenue +2.2% year-over-year).
- 2014: Revenue of $382K, expenses of $509K, and assets of $1.5M (revenue +3.7% year-over-year).
- 2013: Revenue of $368K, expenses of $432K, and assets of $1.6M (revenue -2.7% year-over-year).
- 2012: Revenue of $379K, expenses of $539K, and assets of $1.6M (revenue -2.1% year-over-year).
- 2011: Revenue of $387K, expenses of $400K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pepper Ridge Development Llc:
Data Sources and Methodology
This transparency report for Pepper Ridge Development Llc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.