Tri-City Peoples Corporation
Public records raise at least one point you should look into before giving.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
As a community development corporation and as a HUD-approved housing counseling agency, Tri-City Peoples Corporation provides comprehensive direct and referral services to children and families to address the diverse needs of the continually changing communities that we serve. The organization's present programs focus on early childhood development and comprehensive housing counseling activities/services for first-time homebuyers, foreclosure prevention, rental counseling, landlord counseling, homeless counseling, etc.
- Income
- $593,373
- Spending
- $585,660
- Spent on programs
- 80%
- Reserves
- -15.9 months of spending
- Largest source of income
- fees for its services, 90%
- Employees
- 17
- Volunteers
- 0
- Highest pay
- $25,000, executive director/ceo and board secretary
Source: Form 990 for the year ending December 31, 2022, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 42 out of 100. Higher than 12% of charities in its peer group (community improvement, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 183% of what it owns.
Living within its means
12 of 15Income exceeded spending by 1% of income.
Income trend
15 of 15Income rose 2% on the year before.
Spending floor
15 of 1580% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2022, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 79 out of 100. Higher than 55% of charities in its peer group (community improvement, $250k to $1m).
Independent board
18 of 252 of 3 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2022, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $226,510 spent. Early childhood development wherein we provide full-time, year-round child care services to VA and other federal employees at a discount as well as to the general public. Many families receive subsidized childcare through the State's eChildCare vendor. Our child care operation was continued to be adversely impacted by the COVID pandemic wherein enrollment was less than 50% of licensed capacity. Nevertheless, high quality child development services were provided to enrolled students throughout 2022 notwithstanding the ongoing and increasing operational challenges. Dedicated staff maintained high level of reliable attendance throughout the year to insure quality service delivery to our students and our partnership with the parents.
- $80,681 spent. Tri-City Peoples Corporation is a HUD-Certified Housing Counseling agency authorized to provide comprehensive housing counseling services to first-time homebuyers, foreclosure prevention services to homeowners, rental and homeless counseling. As a result of the pandemic, the demand for these services increased. Counselors provided counseling services to about 1,200 households of which 80% were at or below 100% of the respective county's area median incomes. 50 first-time homebuyers purchased their first home in 2022.
- $158,839 spent. Tri-City offered transportation services to childcare age and school age children at greatly discounted rates to insure the safe transport of children to/from home to school from school to home. The program operated at a loss due to high maintenance costs for the vehicles used in the service.
Source: Form 990 for the year ending December 31, 2022, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Worth knowing.
Status was revoked on May 15, 2022 for not filing returns for three years, and reinstated on May 15, 2022.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Caution.
Most recent return on file covers the year ending December 2022. Organizations that miss three years of returns lose their exemption.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2023.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.