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Nonprofiteer
← NASHVILLE DISTRICT MANAGEMENT CORPORATION INC

Form 990 for tax year 2023

Filed by NASHVILLE DISTRICT MANAGEMENT CORPORATION INC.

Totals

Total revenue
$10,314,055
Total expenses
$10,416,613
Contributions and grants received
$0
Grants paid
$7,762,606
Program service revenue
$10,233,169
Investment income
$80,886
Other revenue
$0
Total assets, end of year
$2,919,343
Total liabilities, end of year
$2,838,646
Net assets or fund balances, end of year
$80,697
Program services expenses (Part IX)
$10,337,850
Management and general expenses
$78,763
Fundraising expenses
$0
Program service expenses (Part III)
$10,337,850

Program services were 99.2% 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.

  • 2a · Program service revenue: CBID SALES TAX

    total $5,973,864 · related or exempt $5,973,864

  • 2b · Program service revenue: CBID ASSESSMENTS

    total $4,259,305 · related or exempt $4,259,305

  • 3 · Investment income

    total $80,886 · excluded $80,886

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,762,606 · program services $7,762,606

  • 11a · Fees: management

    total $133,515 · program services $133,515

  • 11b · Fees: legal

    total $7,084 · program services $7,084

  • 11c · Fees: accounting

    total $15,962 · management and general $15,962

  • 11g · Fees: other

    total $2,353,071 · program services $2,353,071

  • 17 · Travel

    total $41,273 · program services $41,273

  • 20 · Interest

    total $10,852 · management and general $10,852

  • 22 · Depreciation, depletion and amortization

    total $38,000 · management and general $38,000

  • 23 · Insurance

    total $51,062 · program services $40,225 · management and general $10,837

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $2,309 · management and general $2,309

  • 24b · Other expenses: TAXES & LICENSES

    total $803 · management and general $803

  • 24c · Other expenses: MEALS & ENTERTAINMENT

    total $76 · program services $76

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,171 · end of year $399,750

  • 2 · Savings and temporary cash investments

    beginning of year $2,040,508 · end of year $1,141,911

  • 4 · Accounts receivable

    beginning of year $581,553 · end of year $631,222

  • 9 · Prepaid expenses and deferred charges

    beginning of year $301,516 · end of year $10,333

  • 10a · Land, buildings and equipment: cost or other basis

    $152,200

  • 10b · Land, buildings and equipment: accumulated depreciation

    $69,708

  • 10c · Land, buildings and equipment, net

    beginning of year $120,492 · end of year $82,492

  • 15 · Other assets

    beginning of year $752,944 · end of year $653,635

  • 17 · Accounts payable and accrued expenses

    beginning of year $565,651 · end of year $196,352

  • 18 · Grants payable

    beginning of year $739,633 · end of year $1,297,362

  • 19 · Deferred revenue

    beginning of year $1,404,203 · end of year $604,225

  • 25 · Other liabilities

    beginning of year $829,390 · end of year $740,707

  • 27 · Net assets without donor restrictions

    beginning of year $259,307 · end of year $80,697

Mission and programs · 2023

Mission

TO MAKE IMPROVEMENTS AND PROVIDE PROJECTS AND SERVICES WITHIN AND FOR DOWNTOWN NASHVILLE.

  • NASHVILLE DISTRICT MANAGEMENT CORP., INC. RECEIVES SPECIAL ASSESSMENT REVENUES COLLECTED BY THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY, TENNESSEE AND BUSINESS DEVELOPMENT FEES COLLECTED BY THE STATE OF TENNESSEE. THESE FUNDS ARE USED TO PROVIDE SERVICES TO THE NASHVILLE CENTRAL BUSINESS IMPROVEMENT DISTRICT FOR SAFETY ENHANCEMENT, SANITATION AND MAINTENANCE, IMPROVING DOWNTOWN BEAUTIFICATION, ECONOMIC DEVELOPMENT, AND DOWNTOWN MARKETING. NASHVILLE DISTRICT MANAGEMENT CORP., INC. CONTRACTS WITH NASHVILLE DOWNTOWN PARTNERSHIP TO PROVIDE THESE SERVICES.

    Expenses $10,337,850 · Grants $7,762,606 · Revenue $10,233,169

As filed on the 2023 return.

Listed in Part VII

  • Will Freeman

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Gabe Coltea

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Janet Kurtz

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Joe Bucher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Nick Cesnic

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Richard Fletcher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Kelly Hodges

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Michelle Myers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Thomas D Turner

    EXECUTIVE DIRECTOR

    Total calculated
    $485,196
    From this org
    $0
    From related orgs
    $452,938
    Other
    $32,258
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $352,934 related
    Bonus
    $0 + $70,000 related
    Other
    $0 + $30,004 related
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $19,058 related
    Filer's total
    $0 + $485,196 related

  • Tamara Dickson

    VP ECONOMIC DEVELOPMENT

    Total calculated
    $148,866
    From this org
    $0
    From related orgs
    $128,865
    Other
    $20,001
    Hours/week
    2 + 40 related

  • Jeanette Barker

    VP STRATEGIC DEVELOPMENT

    Total calculated
    $140,719
    From this org
    $0
    From related orgs
    $125,036
    Other
    $15,683
    Hours/week
    2 + 40 related

  • Jack Malone

    DIRECTOR OF CLEANING & TRA

    Total calculated
    $139,427
    From this org
    $0
    From related orgs
    $129,072
    Other
    $10,355
    Hours/week
    2 + 40 related

  • Davids Corman

    DIRECTOR OF SAFTEY SERVICES

    Total calculated
    $111,936
    From this org
    $0
    From related orgs
    $111,042
    Other
    $894
    Hours/week
    2 + 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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NDMC PSO LLC

    SECURITY AND PROTECTIVE SERVICES · TN · income $1,287,773 · assets $602

Provenance

Return type
form_990
Tax year
2023
Filed
29 October 2024
IRS schema version
2023v5.1
Source object
202443189349303179

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