Form 990 for tax year 2022
Filed by DOWNTOWN SHREVEPORT DEVELOPMENT CORPORATION LOCAL DEVELOPMENT COMP.
Totals
- Total revenue
- $259,155
- Total expenses
- $215,547
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $118,396
- Investment income
- $133,169
- Other revenue
- $7,590
- Total assets, end of year
- $6,094,006
- Total liabilities, end of year
- $9,989
- Net assets or fund balances, end of year
- $6,084,017
- Program services expenses (Part IX)
- $151,213
- Management and general expenses
- $64,334
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $151,213
Program services were 70.2% 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: BUILDING-416 COTTON ST
total $39,045 · related or exempt $39,045
-
2b · Program service revenue: SECURITY GRANTS
total $37,765 · related or exempt $37,765
-
2c · Program service revenue: DOWNTOWN PARKING LOT
total $28,881 · related or exempt $28,881
-
2d · Program service revenue: MARKETING GRANTS
total $9,000 · related or exempt $9,000
-
2e · Program service revenue: INTEREST ON LOANS TO D
total $3,705 · related or exempt $3,705
-
3 · Investment income
total $58,313 · related or exempt $58,313
-
7a · Gross sales of assets other than inventory
securities $404,148
-
7b · Less cost or other basis and sales expenses
securities $329,292
-
7c · Gain or loss
securities $74,856
-
7d · Net gain or loss
total $74,856 · related or exempt $74,856
-
11a · Other revenue: MISCELLANEOUS INCOME
total $7,590 · related or exempt $7,590
-
11e · Other revenue, total
$7,590
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $3,848 · management and general $3,848
-
11c · Fees: accounting
total $7,130 · management and general $7,130
-
11f · Fees: investment management
total $300 · management and general $300
-
12 · Advertising and promotion
total $4,142 · management and general $4,142
-
22 · Depreciation, depletion and amortization
total $22,866 · program services $22,866
-
24a · Other expenses: ADMINISTRATIVE EXPENSE
total $97,828 · program services $48,914 · management and general $48,914
-
24b · Other expenses: SECURITY
total $35,770 · program services $35,770
-
24c · Other expenses: MISCELLANEOUS PROJECTS
total $18,794 · program services $18,794
-
24d · Other expenses: GENERAL MAINTENANCE
total $8,700 · program services $8,700
-
24e · All other expenses
total $16,169 · program services $16,169
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $475,727 · end of year $586,123
-
7 · Other notes and loans receivable
beginning of year $232,170 · end of year $173,436
-
10a · Land, buildings and equipment: cost or other basis
$993,749
-
10b · Land, buildings and equipment: accumulated depreciation
$255,863
-
10c · Land, buildings and equipment, net
beginning of year $656,764 · end of year $737,886
-
12 · Investments: other securities
beginning of year $5,793,064 · end of year $4,596,561
-
17 · Accounts payable and accrued expenses
beginning of year $9,950 · end of year $9,989
-
27 · Net assets without donor restrictions
beginning of year $6,480,120 · end of year $5,411,673
-
28 · Net assets with donor restrictions
beginning of year $667,655 · end of year $672,344
Mission and programs · 2022
Mission
TO ACTIVELY PURSUE, SUPPORT, FACILITATE AND WELCOME INITIATIVES THAT AID AND ENCOURAGE PRIVATE DEVELOPMENT, AND PROMOTE AND COORDINATE PUBLIC DEVELOPMENT WITHIN THE DOWNTOWN DEVELOPMENT DISTRICT OF SHREVEPORT, LOUISIANA.
Activities or mission (Part I)
PROMOTION AND ADVOCACY OF DOWNTOWN SHREVEPORT, LOUISIANA
-
PROVIDE CONVENIENT PARKING FOR EASY ACCESS TO DOWNTOWN SHREVEPORT, LOUISIANA.
Revenue $28,881
-
RESIDENTIAL AND COMMERCIAL DOWNTOWN DEVELOPMENT
Expenses $151,213 · Revenue $226,569
-
LOW INTEREST LOANS TO DOWNTOWN BUSINESSES
Revenue $3,705
As filed on the 2022 return.
Listed in Part VII
-
Greg LottGREG LOTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Kevin BryanKEVIN BRYAN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
Leah FeldtLEAH FELDT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jeri LittleJERI LITTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jim MalschJIM MALSCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Conway LinkCONWAY LINK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Don RazinskyDON RAZINSKY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Kathleen MaloneKATHLEEN MALONE
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Newt DorsettNEWT DORSETT
PRESIDENT
- Total calculated
- $0
- Hours/week
- 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
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349316529
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