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Nonprofiteer
← DETROIT DOWNTOWN INC

Form 990 for tax year 2022

Filed by DETROIT DOWNTOWN INC.

Totals

Total revenue
$5,310,253
Total expenses
$5,197,272
Contributions and grants received
$41,500
Grants paid
$0
Program service revenue
$5,268,753
Investment income
$0
Other revenue
$0
Total assets, end of year
$2,112,228
Total liabilities, end of year
$1,745,212
Net assets or fund balances, end of year
$367,016
Program services expenses (Part IX)
$5,195,886
Management and general expenses
$1,386
Fundraising expenses
$0
Program service expenses (Part III)
$5,195,886

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $41,500

  • 2a · Program service revenue: BIZ REVENUE

    total $5,268,753 · related or exempt $5,268,753

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $783,912 · program services $783,912

  • 11g · Fees: other

    total $4,413,360 · program services $4,411,974 · management and general $1,386

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $314,753 · end of year $367,675

  • 4 · Accounts receivable

    beginning of year $1,148,860 · end of year $1,744,553

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,209,578 · end of year $1,745,212

  • 27 · Net assets without donor restrictions

    beginning of year $254,035 · end of year $367,016

Mission and programs · 2022

Mission

TO SOLICIT, RECEIVE AND ADMINISTER FUNDS FOR THE PURPOSE OF PROVIDING A CLEAN, SAFE AND BEAUTIFUL DOWNTOWN DETROIT.

Activities or mission (Part I)

THE PRIMARY PURPOSE IS TO PROVIDE A CLEAN, SAFE AND BEAUTIFUL DOWNTOWN.

  • ESTABLISHED IN APRIL 2014, THE DOWNTOWN DETROIT BUSINESS IMPROVEMENT ZONE (BIZ) IS A SPECIAL ASSESSMENT DISTRICT FORMED BY PROPERTY OWNERS TO PROVIDE CLEANING, SAFETY AND LANDSCAPING SERVICES TO SUPPORT DOWNTOWN DETROIT. THE DOWNTOWN DETROIT BIZ CONTRACTS FOR SERVICES WITH THE DETROIT DOWNTOWN, INC. TO DELIVER BEHIND-THE-SCENES SUPPLEMENTAL SERVICES ON WHICH RESIDENTS, DOWNTOWN WORKERS, VISITORS, AND BUSINESS AND PROPERTY OWNERS RELY. THE BIZ'S ANNUAL BUDGET IS APPROXIMATELY $5.3M, GENERATED THROUGH ASSESSMENTS OF MORE THAN 500 COMMERCIAL PROPERTIES IN THE BIZ AREA. THE BIZ IS LED BY A BOARD OF DIRECTORS COMPRISED OF 16 VOLUNTEER REPRESENTATIVES OF DOWNTOWN'S DIVERSE BUSINESS COMMUNITY. THE BIZ AREA ENCOMPASSES 140 CITY BLOCKS IN A 1.1 SQUARE MILE AREA. STRETCHING BETWEEN THREE OF DOWNTOWN DETROIT'S MAJOR HIGHWAYS AND THE DETROIT RIVER.

    Expenses $5,195,886 · Revenue $5,268,753

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Eric B Larson

    CEO

    Total calculated
    $520,636
    From this org
    $0
    From related orgs
    $482,610
    Other
    $38,026
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $349,630 related
    Bonus
    $0 + $125,000 related
    Other
    $0 + $7,980 related
    Deferred
    $0 + $16,490 related
    Nontaxable benefits
    $0 + $21,536 related
    Filer's total
    $0 + $520,636 related
  • Cynthia Pasky

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Daniel Loepp

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Matthew Cullen

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Paul Trulik

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    10 + 30 related
  • Bishop Edgar Van II

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Cameron Piggott

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Christopher Ilitch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Claude Bud Denker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Dan Gilbert

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • David Egner Start 012022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Gerard Anderson End 1122

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related
  • Laura Grannemann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Mary Culler Start 012022

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Melanca Clark

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Michael McLauchlan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Nathaniel Wallace End 1122

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Sandy Pierce

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Timothy Nicholson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related
  • Gina Cavilere

    CHIEF COMMUNITY IMPACT OFFICER

    Total calculated
    $252,551
    From this org
    $0
    From related orgs
    $208,248
    Other
    $44,303
    Hours/week
    39 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,558 related
    Bonus
    $0 + $20,000 related
    Other
    $0 + $690 related
    Deferred
    $0 + $12,495 related
    Nontaxable benefits
    $0 + $31,808 related
    Filer's total
    $0 + $252,551 related
  • Robert Gregory

    SR. CONSULTANT OF STRATEGY & PUBLIC SPACES

    Total calculated
    $204,554
    From this org
    $0
    From related orgs
    $170,380
    Other
    $34,174
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $156,200 related
    Bonus
    $0 + $8,000 related
    Other
    $0 + $6,180 related
    Deferred
    $0 + $10,223 related
    Nontaxable benefits
    $0 + $23,951 related
    Filer's total
    $0 + $204,554 related
  • David Cowan Start 012022

    CHIEF PUBLIC SPACES OFFICER

    Total calculated
    $147,200
    From this org
    $0
    From related orgs
    $123,036
    Other
    $24,164
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202323199349330057

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