Form 990 for tax year 2023
Filed by DOWNTOWN NORFOLK DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $2,497,578
- Total expenses
- $2,784,821
- Contributions and grants received
- $2,342,604
- Grants paid
- $63,960
- Program service revenue
- $242,945
- Investment income
- $32,494
- Other revenue
- -$120,465
- Total assets, end of year
- $1,936,058
- Total liabilities, end of year
- $265,654
- Net assets or fund balances, end of year
- $1,670,404
- Program services expenses (Part IX)
- $2,684,366
- Management and general expenses
- $100,455
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,684,366
Program services were 96.4% 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.
-
1d · Related organizations
$5,513
-
1e · Government grants (contributions)
$2,329,970
-
1f · All other contributions, gifts and grants
$7,121
-
1g · Noncash contributions included above
$103
-
2a · Program service revenue: PROGRAM SERVICE REVENUE
total $161,143 · related or exempt $161,143
-
2b · Program service revenue: MEMBERSHIP DUES
total $71,348 · related or exempt $71,348
-
2c · Program service revenue: DID REVENUE
total $10,454 · related or exempt $10,454
-
3 · Investment income
total $11,941 · excluded $11,941
-
6a · Gross rents
real property $88,599
-
6b · Less rental expenses
real property $213,831
-
6c · Rental income or loss
real property -$125,232
-
6d · Net rental income or loss
total -$125,232 · related or exempt -$125,232
-
7a · Gross sales of assets other than inventory
other assets $20,553
-
7b · Less cost or other basis and sales expenses
other assets $0
-
7c · Gain or loss
other assets $20,553
-
7d · Net gain or loss
total $20,553 · related or exempt $20,553
-
11a · Other revenue: OTHER INCOME
total $4,767 · related or exempt $4,767
-
11e · Other revenue, total
$4,767
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $63,960 · program services $63,960
-
5 · Compensation of officers, directors and key employees
total $146,938 · program services $129,305 · management and general $17,633
-
7 · Other salaries and wages
total $405,749 · program services $357,059 · management and general $48,690
-
8 · Pension plan contributions
total $64,608 · program services $56,855 · management and general $7,753
-
10 · Payroll taxes
total $54,254 · program services $47,744 · management and general $6,510
-
11b · Fees: legal
total $12,097 · program services $12,097
-
11c · Fees: accounting
total $22,200 · program services $22,200
-
12 · Advertising and promotion
total $279,658 · program services $279,658
-
13 · Office expenses
total $767 · program services $767
-
16 · Occupancy
total $16,360 · program services $16,360
-
17 · Travel
total $16,831 · program services $5,110 · management and general $11,721
-
20 · Interest
total $3,652 · program services $3,652
-
22 · Depreciation, depletion and amortization
total $190,290 · program services $190,290
-
23 · Insurance
total $27,129 · program services $25,486 · management and general $1,643
-
24a · Other expenses: CONTRACTED SERVICES
total $1,001,962 · program services $1,001,962
-
24b · Other expenses: STRATEGIC PLANNING
total $200,035 · program services $200,035
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $75,050 · program services $75,050
-
24d · Other expenses: ART AND DESIGN DISTRICT
total $49,762 · program services $49,762
-
24e · All other expenses
total $153,519 · program services $147,014 · management and general $6,505
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $987,406 · end of year $1,091,721
-
2 · Savings and temporary cash investments
beginning of year $286,392 · end of year $88,396
-
4 · Accounts receivable
beginning of year $272,335 · end of year $289,553
-
10a · Land, buildings and equipment: cost or other basis
$1,598,746
-
10b · Land, buildings and equipment: accumulated depreciation
$1,165,457
-
10c · Land, buildings and equipment, net
beginning of year $500,783 · end of year $433,289
-
14 · Intangible assets
beginning of year $8,056 · end of year $4,722
-
15 · Other assets
beginning of year $126,936 · end of year $28,377
-
17 · Accounts payable and accrued expenses
beginning of year $68,487 · end of year $137,873
-
19 · Deferred revenue
beginning of year $18,075 · end of year $9,475
-
24 · Unsecured notes and loans payable
beginning of year $111,189 · end of year $77,999
-
25 · Other liabilities
beginning of year $26,510 · end of year $40,307
-
27 · Net assets without donor restrictions
beginning of year $341,863 · end of year $195,361
-
28 · Net assets with donor restrictions
beginning of year $1,615,784 · end of year $1,475,043
Mission and programs · 2023
Mission
THE DOWNTOWN NORFOLK COUNCIL (DNC) ENHANCES DOWNTOWN NORFOLK'S VALUE, ENERGY, AND ACTIVITY THROUGH PROVIDING ESSENTIAL CLEAN AND SAFE SERVICES, STRENGTHENING AUTHENTIC URBAN EXPERIENCES, AND FOSTERING INCLUSIVE COMMUNITY.
-
MANAGEMENT OF THE DOWNTOWN IMPROVEMENT DISTRICT FOR PUBLIC SAFETY, PUBLIC SPACE MAINTENANCE, MARKETING INITIATIVES AND OTHER BOARD DESIGNATED KEY OBJECTIVES.
Expenses $2,172,501 · Revenue $132,579
-
PARTNERSHIP WITH CITY OF NORFOLK TO PROVIDE STIMULUS FOR THE REVITILIZATION OF GRANBY STREET, SELDEN MARKET AND PROMOTION OF ARTS AND DESIGN DISTRICT.
Expenses $63,960 · Grants $63,960 · Revenue $10,454
-
THE SIX WEEK PRODUCTION OF HOLIDAYS IN THE CITY AND GRAND ILLUMINATION PARADE, AND OTHER EVENTS TO ENCOURAGE DOWNTOWN ENGAGEMENT
Expenses $447,905
As filed on the 2023 return.
Listed in Part VII
-
JAMES WOFFORD
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MEL PRICE
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TOMMY LEEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JENNY BONSIEWICH
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
PRESTON CARRAWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LORRAINE CONNAUGHTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
SCOTT CAMPBELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CHRISTIAN CONWAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MATTHEW CROWE
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
PATRICK EDWARDS
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JESSE HEMPHILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RAY KING
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MILES LEON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
CHRISTY MARRON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MICHELLE NICHOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
LACY PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JIMMY SCHOOLS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
BRITTANY TREBLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
ALEC YUZHBABENKO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
RAFFAELE ALLEN
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DEAN BUCKIUS
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
TONY BROTHERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
DAN HANKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
PETE BURYK
EXECUTIVE COMMITTEE
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
AMY SAMPSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
EVA WIGGINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
MARY MILLER
PRESIDENT/CEO
- Total calculated
- $143,329
- From this org
- $135,770
- From related orgs
- $0
- Other
- $7,559
- Hours/week
- 40 + 1 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.
Grants on this return
-
$10,000
SUPPORT TO LOCAL BUSINESS OWNERS, WHO COMMIT TO MAKING THEIR STREET-LEVEL BUSINESS MORE VIBRANT
-
$10,000
SUPPORT TO LOCAL BUSINESS OWNERS, WHO COMMIT TO MAKING THEIR STREET-LEVEL BUSINESS MORE VIBRANT
-
$10,000
SUPPORT TO LOCAL BUSINESS OWNERS, WHO COMMIT TO MAKING THEIR STREET-LEVEL BUSINESS MORE VIBRANT
-
$10,000
SUPPORT TO LOCAL BUSINESS OWNERS, WHO COMMIT TO MAKING THEIR STREET-LEVEL BUSINESS MORE VIBRANT
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.
-
501(C)(3) · A MEDIUM FOR CHARITABLE GIVING & GRANTS FOR SPECIFIC CHARITABLE PROJECTS. · VA · controlled entity
Directly controlled by DOWNTOWN NORFOLK DEVELOPMENT CORPORATION
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 18 December 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433559349300108
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