Skip to content
Nonprofiteer
← WDBID MANAGEMENT COMPANY

Form 990 for tax year 2023

Filed by WDBID MANAGEMENT COMPANY.

Totals

Total revenue
$3,084,855
Total expenses
$3,329,396
Contributions and grants received
$174,902
Grants paid
$33,690
Program service revenue
$2,850,614
Investment income
$31,602
Other revenue
$27,737
Total assets, end of year
$2,593,392
Total liabilities, end of year
$601,580
Net assets or fund balances, end of year
$1,991,812
Program services expenses (Part IX)
$2,579,085
Management and general expenses
$740,211
Fundraising expenses
$10,100
Program service expenses (Part III)
$2,579,085

Program services were 77.5% 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.

  • 1e · Government grants (contributions)

    $29,815

  • 1f · All other contributions, gifts and grants

    $145,087

  • 2a · Program service revenue: Income From Assessment

    total $2,626,394 · related or exempt $2,626,394

  • 2b · Program service revenue: Service Contracts

    total $159,845 · related or exempt $159,845

  • 2c · Program service revenue: Finance Charges

    total $64,375 · related or exempt $64,375

  • 3 · Investment income

    total $28,602 · excluded $28,602

  • 7a · Gross sales of assets other than inventory

    other assets $3,000

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $3,000

  • 7d · Net gain or loss

    total $3,000 · excluded $3,000

  • 11a · Other revenue: Families First Coronvi

    total $27,737 · related or exempt $27,737

  • 11e · Other revenue, total

    $27,737

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,690 · program services $33,690

  • 5 · Compensation of officers, directors and key employees

    total $310,479 · program services $257,746 · management and general $52,733

  • 7 · Other salaries and wages

    total $1,768,942 · program services $1,485,066 · management and general $283,876

  • 8 · Pension plan contributions

    total $40,288 · program services $29,233 · management and general $11,055

  • 9 · Other employee benefits

    total $57,059 · program services $13,778 · management and general $43,281

  • 10 · Payroll taxes

    total $231,874 · program services $195,938 · management and general $35,936

  • 11b · Fees: legal

    total $6,666 · management and general $6,666

  • 11c · Fees: accounting

    total $48,300 · management and general $48,300

  • 11e · Fees: professional fundraising services

    total $10,100 · fundraising $10,100

  • 12 · Advertising and promotion

    total $69,459 · program services $67,616 · management and general $1,843

  • 13 · Office expenses

    total $10,237 · program services $3,155 · management and general $7,082

  • 16 · Occupancy

    total $112,344 · program services $99,564 · management and general $12,780

  • 17 · Travel

    total $9,423 · management and general $9,423

  • 20 · Interest

    total $5,631 · program services $4,786 · management and general $845

  • 22 · Depreciation, depletion and amortization

    total $88,512 · program services $75,235 · management and general $13,277

  • 23 · Insurance

    total $144,008 · program services $115,051 · management and general $28,957

  • 24a · Other expenses: Bad Debt Expense

    total $102,769 · management and general $102,769

  • 24b · Other expenses: Repairs & Maintenance

    total $80,664 · program services $71,872 · management and general $8,792

  • 24c · Other expenses: Communications

    total $48,727 · program services $12,657 · management and general $36,070

  • 24d · Other expenses: Supplies

    total $42,810 · program services $36,267 · management and general $6,543

  • 24e · All other expenses

    total $107,414 · program services $77,431 · management and general $29,983

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,594,282 · end of year $1,142,969

  • 4 · Accounts receivable

    beginning of year $114,096 · end of year $159,934

  • 9 · Prepaid expenses and deferred charges

    beginning of year $47,351 · end of year $38,582

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

    $1,186,624

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

    $790,808

  • 10c · Land, buildings and equipment, net

    beginning of year $327,564 · end of year $395,816

  • 15 · Other assets

    beginning of year $902,054 · end of year $856,091

  • 17 · Accounts payable and accrued expenses

    beginning of year $219,505 · end of year $205,987

  • 19 · Deferred revenue

    beginning of year $8,974 · end of year $10,900

  • 23 · Secured mortgages and notes payable

    beginning of year $406,307 · end of year $374,618

  • 25 · Other liabilities

    beginning of year $114,208 · end of year $10,075

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

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

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,236,353 · end of year $1,991,812

Mission and programs · 2023

Mission

WDBID Management Company (Downtown Visions) was established to create a safer, cleaner and well-managed central business district (City). Downtown Visions programs are designed to supplement City services in the areas of crime prevention and control, sidewalk cleaning and general pedestrian assistance within the district. Downtown Visions also provides marketing and promotional activities designed to enhance the image of the business district.

  • Safety Division Programs - Aid in crime reduction and enhance the perception of safety in downtown Wilmington. Downtown Visions offers a range of services to property owners, businesses, residents, and visitors.

    Expenses $1,289,543 · Revenue $1,393,176

  • Cleaning Division Programs - Helping to keep Downtown Wilmington clean is a key mission for Downtown Visions. Our Cleaning Ambassador crews supplement the services of the City of Wilmington to provide premium cleaning results. This ensures that Wilmington's streets and sidewalks are clean and graffiti-free and that downtown presents a neat, welcoming environment each and every morning.

    Expenses $902,680 · Revenue $1,051,550

  • Marketing and Promotion Programs - Downtown Visions also provides marketing and promotional activities designed to enhance the image of the business district, including grants to facilitate upgrades to the face of buildings and storefronts.

    Expenses $386,862 · Grants $33,690 · Revenue $433,625

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Adam Landis Esq

    Director - Chairman

    Total calculated
    $0
    Hours/week
    1

  • Chief Wilfredo Campos

    Director

    Total calculated
    $0
    Hours/week
    1

  • Danielle Andrisani Nowaczyki Esq

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deborah Schwartz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hillary Patterson Esq

    Director

    Total calculated
    $0
    Hours/week
    1

  • Honorable Ernest Trippi Congo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Honorable Stephanie Bolden

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jaime Bohn

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jed Hatfield

    Director - 2nd Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • John Hawkins

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Kaczowka

    Director

    Total calculated
    $0
    Hours/week
    1

  • John Williams Esq

    Director

    Total calculated
    $0
    Hours/week
    1

  • Joseph Guzzardo

    Director

    Total calculated
    $0
    Hours/week
    1

  • Julia Han

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kevin McGonegal

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Maggitti

    Executive Director

    Total calculated
    $163,951
    From this org
    $157,916
    From related orgs
    $0
    Other
    $6,035
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,916
    Bonus
    $0
    Other
    $0
    Deferred
    $6,035
    Nontaxable benefits
    $0
    Filer's total
    $163,951

  • Michael Vanni

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mona Parikh Esq

    Director

    Total calculated
    $0
    Hours/week
    1

  • Yvonne Deadwylelr

    Director

    Total calculated
    $0
    Hours/week
    1

  • Peggy Strine

    Director - 1st Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Randy Kunkle

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sallie Hendricks

    Director

    Total calculated
    $0
    Hours/week
    1

  • Samira Aird

    Director

    Total calculated
    $0
    Hours/week
    1

  • Sean Park

    director

    Total calculated
    $0
    Hours/week
    1

  • Stan Soja

    Director

    Total calculated
    $0
    Hours/week
    1

  • Thomas Hanson Esq

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vernita Dorsey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Vito I DiMaio

    Director

    Total calculated
    $0
    Hours/week
    1

  • Loshawn Maxwell

    Senior Director of Finance

    Total calculated
    $127,173
    From this org
    $120,294
    From related orgs
    $0
    Other
    $6,879
    Hours/week
    40

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

  • 1a · Tax indemnification and gross-up payments
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 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

The filer's explanations (Part III)

Part 1 Line 1b explanation:
Gross-up payments are made for taxable bonuses and health insurance reimbursements to ensure that recipients receive the intended net benefit after taxes. These payments are reviewed and approved by the board of directors during regular meetings.

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

  • NERDiT Cares

    $20,000

    Reimbursement type grant, given to businesses in the Wilmington Business Improvement District for facade improvements.

  • Delaware College of Art and Design

    $10,000

    Reimbursement type grant, given to businesses in the Wilmington Business Improvement District for fit-out improvements.

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.

  • City of Wilmington Delaware

    Local Government · DE

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Clean & Safe Services Inc

    C · Cleaning and Safety Services · DE · 100% owned · share of income -$55,967 · share of assets $14,058

  • WDBID Properties Company

    C · Hold real estate · DE · 100% owned · share of income -$7,474 · share of assets $398,904

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202521349349304837

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.