The Pyramid Community Development Corporation
- Assets
- $2.5m
- Revenue
- $253.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Houston, TX
- Founding
- 02/1993
- Data as of
- 12/2022
- EIN
- 76-0373452
Organization Overview
The Pyramid Community Development Corporation, operating under the name The Power Center, is located in Houston, TX. The organization was established in 1993. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Power Center employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power Center 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 12/2022, Power Center generated $253.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (22.0%) each year. All expenses for the organization totaled $952.3k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
NEIGHBORHOOD REVITALIZATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PYRAMID COMMUNITY DEVELOPMENT CORPORATION'S (PCDC) MISSION IS TO FACILITATE THE REVITALIZATION, CONSERVATION AND REDEVELOPMENT OF NEIGHBORHOODS THROUGHOUT HOUSTON AND SURROUNDING COMMUNITIES. IN PURSUIT OF THIS MISSION, PCDC PROVIDES FOR THE DELIVERY OF PUBLIC SERVICES, A NEIGHBORHOOD MEETING FACILITY, OFFICE SPACE AND AFFORDABLE HOUSING. PCDC FOCUSES ON THE DEVELOPMENT OF JOBS AND A STRONG ECONOMY AS A MEANS OF REVITALIZING THE COMMUNITY. TOWARD THIS END, PCDC DEVELOPED THE POWER CENTER, WHICH CURRENTLY PROVIDES FOR OVER 300 ON SITE-JOBS (DOES NOT INCLUDE VENDOR SERVICES). PCDC ACCOUNTED FOR 49 EMPLOYEES. PCDC EMPLOYED 8 FULL-TIME EMPLOYEES, 41 PART-TIME/CONTRACT EMPLOYEES. THE HOUSTON CAREER INITIATIVE (FORMERLY KNOWN AS KINGDOM BUILDERS CAREER INITIATIVE, KBCI), A COMPREHENSIVE JOB-TRAINING PROGRAM IMPLEMENTED AND OPERATED BY PCDC. IN 2005, KBCI WAS RESTRUCTURED AND RENAMED HOUSTON CAREER INITIATIVE (HCI). THE NEW PROGRAM OFFERS CAREER DEVELOPMENT, EMOTIONAL, SPIRITUAL SUPPORT, ALONG WITH JOB LEADS TO UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS IN THE SOUTHWEST HOUSTON COMMUNITY. THE POWER CENTER OPENED IN THE SPRING OF 1996, SERVING THE COMMUNITY BY OFFERING A WOMEN, INFANT AND CHILDREN (W.I.C.) NUTRITIONAL PROGRAM, EMERGENCY ASSISTANCE, A FOOD PANTRY AND SUPPORT GROUPS. PCDC COMPLETED THE JESSE H. JONES CONFERENCE CENTER IN THE SUMMER OF 1996 TO PROVIDE A MEETING PLACE FOR SEMINARS, CONFERENCES, AND BANQUETS. IN 2011, THE CONFERENCE CENTER PROVIDED MEETING SPACE FOR PATRONS THROUGH BANQUET, CORPORATE, AND BOARDROOM EVENTS, GENERATING REVENUE CLOSE TO 745,000. IN 2011, WE OPERATED THE POWER CENTER KITCHEN ON A DAILY BASIS, WITH THE IMANI SCHOOL FEEDING THEIR 450 STUDENTS TWO MEALS PER DAY, PLUS AN AFTERNOON SNACK. THE POWER CENTER KITCHEN ALSO SUPPORTED THE MEETINGS, CONFERENCES AND BANQUETS SCHEDULED AT THE JESSE H. JONES CONFERENCE CENTER.
RENTAL EXPENDITURES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Genora Boykins Director/cha | Trustee | 5 | $0 |
J Otis Mitchell Director | Trustee | 5 | $0 |
Al Scarborough Director | Trustee | 5 | $0 |
Deborah Anderson Exec.directo | Officer | 40 | $0 |
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 | $125,482 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $125,482 |
| Total Program Service Revenue | $128,462 |
| Investment income | $0 |
| 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 | $253,944 |
| 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 | $12,441 |
| Compensation of current officers, directors, key employees. | $133,278 |
| Compensation of current officers, directors, key employees. | $66,639 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $188,995 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $25,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,860 |
| 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 | $2,320 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,145 |
| Travel | $139 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,443 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,600 |
| Insurance | $0 |
| All other expenses | $175 |
| Total functional expenses | $952,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $421,830 |
| Savings and temporary cash investments | $1,134 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,370 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $69,406 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,775,848 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $203,891 |
| Total assets | $2,482,479 |
| Accounts payable and accrued expenses | $128,017 |
| 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 | $551,733 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $66 |
| Total liabilities | $679,816 |
| Net assets without donor restrictions | $1,802,663 |
| Net assets with donor restrictions | $0 |
| 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 | $2,482,479 |