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Nonprofiteer
← GULCH BUSINESS IMPROVEMENT DISTRICT

Form 990 for tax year 2023

Filed by GULCH BUSINESS IMPROVEMENT DISTRICT.

Totals

Total revenue
$861,257
Total expenses
$853,915
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$846,599
Investment income
$14,658
Other revenue
$0
Total assets, end of year
$266,516
Total liabilities, end of year
$160,304
Net assets or fund balances, end of year
$106,212
Program services expenses (Part IX)
$755,916
Management and general expenses
$97,999
Fundraising expenses
$0
Program service expenses (Part III)
$755,916

Program services were 88.5% 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: PROPERTY TAX ASSESSMEN

    total $846,599 · related or exempt $846,599

  • 3 · Investment income

    total $14,658 · excluded $14,658

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $114,014 · program services $114,014

  • 11c · Fees: accounting

    total $15,316 · management and general $15,316

  • 13 · Office expenses

    total $1,538 · management and general $1,538

  • 14 · Information technology

    total $15,737 · management and general $15,737

  • 22 · Depreciation, depletion and amortization

    total $5,181 · management and general $5,181

  • 23 · Insurance

    total $2,823 · management and general $2,823

  • 24a · Other expenses: DISTRICT MAINTENANCE

    total $335,851 · program services $335,851

  • 24b · Other expenses: DISTRICT SAFETY

    total $163,519 · program services $163,519

  • 24c · Other expenses: LANDSCAPING INTIATIVE

    total $79,606 · program services $79,606

  • 24d · Other expenses: SUPPLIES

    total $48,516 · program services $48,516

  • 24e · All other expenses

    total $71,814 · program services $14,410 · management and general $57,404

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $21,997 · end of year $15,047

  • 2 · Savings and temporary cash investments

    beginning of year $198,435 · end of year $234,818

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

    $76,104

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

    $59,453

  • 10c · Land, buildings and equipment, net

    beginning of year $22,607 · end of year $16,651

  • 17 · Accounts payable and accrued expenses

    beginning of year $144,169 · end of year $91,080

  • 19 · Deferred revenue

    end of year $69,224

  • 27 · Net assets without donor restrictions

    beginning of year $98,870 · end of year $106,212

Mission and programs · 2023

Mission

TO MAKE THE GULCH AREA OF DOWNTOWN NASHVILLE A COMPELLING AREA IN WHICH TO LIVE, WORK, PLAY, & INVEST.

Activities or mission (Part I)

TO MAKE THE GULCH AREA OF DOWNTOWN NASHVILLE A COMPELLING AREA IN WHICH TO LIVE, WORK, & PLAY

  • THE GULCH BUSINESS IMPROVEMENT DISTRICT PROVIDES SUPPLEMENTAL CLEANING AND SAFETY SERVICES IN ADDITION TO LANDSCAPING BEAUTIFICATION PROJECTS AND DISTRICT MARKETING THROUGH SOCIAL MEDIA.

    Expenses $755,916 · Revenue $846,599

As filed on the 2023 return.

Listed in Part VII

  • Michael Lindseth

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ryan Keane

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mel Bond

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Walter Carter

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sarah Gavigan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kindy Hensler

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maddie Press

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Reeser

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Chad Wohlers

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Thomas D Turner

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1

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
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413189349305111

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