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Nonprofiteer
← JACKSON DOWNTOWN DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by JACKSON DOWNTOWN DEVELOPMENT CORPORATION.

Totals

Total revenue
$7,459
Total expenses
$13,798
Contributions and grants received
$300
Grants paid
$0
Program service revenue
$7,045
Investment income
$0
Other revenue
$114
Total assets, end of year
$38,746
Total liabilities, end of year
$395
Net assets or fund balances, end of year
$38,351
Program services expenses (Part IX)
$12,606
Management and general expenses
$894
Fundraising expenses
$298
Program service expenses (Part III)
$12,606

Program services were 91.4% 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.

  • 1f · All other contributions, gifts and grants

    $300

  • 2a · Program service revenue: RENT INCOME - THE LOCAL

    total $7,045 · related or exempt $7,045

  • 11a · Other revenue: OTHER INCOME

    total $114 · related or exempt $114

  • 11e · Other revenue, total

    $114

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $3,525 · program services $2,820 · management and general $529 · fundraising $176

  • 10 · Payroll taxes

    total $270 · program services $215 · management and general $41 · fundraising $14

  • 11c · Fees: accounting

    total $979 · program services $783 · management and general $147 · fundraising $49

  • 13 · Office expenses

    total $951 · program services $951

  • 22 · Depreciation, depletion and amortization

    total $1,154 · program services $1,154

  • 23 · Insurance

    total $1,159 · program services $927 · management and general $174 · fundraising $58

  • 24a · Other expenses: PROGRAM EXPENSE

    total $2,764 · program services $2,764

  • 24b · Other expenses: RENT

    total $1,800 · program services $1,800

  • 24c · Other expenses: TELEPHONE AND INTERNET

    total $629 · program services $629

  • 24d · Other expenses: UTILITIES

    total $546 · program services $546

  • 24e · All other expenses

    total $21 · program services $17 · management and general $3 · fundraising $1

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $11,824 · end of year $260

  • 2 · Savings and temporary cash investments

    end of year $9,597

  • 4 · Accounts receivable

    beginning of year $1,480

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,602

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

    $75,874

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

    $46,985

  • 10c · Land, buildings and equipment, net

    beginning of year $30,042 · end of year $28,889

  • 25 · Other liabilities

    beginning of year $258 · end of year $395

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $44,690 · end of year $185,759

  • 31 · Retained earnings, endowment or other funds

    end of year -$147,408

Mission and programs · 2022

Mission

DOWNTOWN ECONOMIC AND COMMUNITY DEVELOPMENT

Activities or mission (Part I)

THE MISSION OF THE ORGANIZATION IS TO ENHANCE THE QUALITY OF LIFE AND ECONOMIC PROSPECTS IN JACKSON, TENNESSEE THROUGH DESIGN, PROMOTION AND FACILITATION OF STRATEGIC INVESTMENT IN DOWNTOWN JACKSON.

  • ECONOMIC DEVELOPMENT AND COMMUNITY ENRICHMENT

    Expenses $12,606

As filed on the 2022 return.

Listed in Part VII

  • Lisa Garner

    BOARD MEMBR

    Total calculated
    $0

  • Beth Ann Simpson

    DIRECTOR

    Total calculated
    $0

  • Debbie Dunaway

    SECRETARY

    Total calculated
    $0

  • Ben Ferguson

    TREASURER

    Total calculated
    $0

  • Ben Harris

    VICE PRESIDE

    Total calculated
    $0

  • Paul Taylor

    PRESIDENT

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
16 January 2023
IRS schema version
2022v4.1
Source object
202340199349300629

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