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Nonprofiteer
← GULCH BUSINESS IMPROVEMENT DISTRICT

Form 990 for tax year 2024

Filed by GULCH BUSINESS IMPROVEMENT DISTRICT.

Totals

Total revenue
$952,548
Total expenses
$949,853
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$936,123
Investment income
$16,425
Other revenue
$0
Total assets, end of year
$275,986
Total liabilities, end of year
$167,079
Net assets or fund balances, end of year
$108,907
Program services expenses (Part IX)
$905,517
Management and general expenses
$44,336
Fundraising expenses
$0
Program service expenses (Part III)
$905,517

Program services were 95.3% 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 ASSESSMENTS

    total $936,123 · related or exempt $936,123

  • 3 · Investment income

    total $16,425 · excluded $16,425

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $84,695 · program services $84,695

  • 11c · Fees: accounting

    total $14,425 · management and general $14,425

  • 12 · Advertising and promotion

    total $31,964 · program services $16,664 · management and general $15,300

  • 13 · Office expenses

    total $1,222 · management and general $1,222

  • 14 · Information technology

    total $4,400 · management and general $4,400

  • 22 · Depreciation, depletion and amortization

    total $5,956 · management and general $5,956

  • 23 · Insurance

    total $3,033 · management and general $3,033

  • 24a · Other expenses: DISTRICT MAINTENANCE

    total $456,316 · program services $456,316

  • 24b · Other expenses: DISTRICT SAFETY

    total $259,005 · program services $259,005

  • 24c · Other expenses: LANDSCAPING INTIATIVE

    total $88,837 · program services $88,837

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $15,047 · end of year $13,353

  • 2 · Savings and temporary cash investments

    beginning of year $234,818 · end of year $249,938

  • 9 · Prepaid expenses and deferred charges

    end of year $2,000

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

    $76,104

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

    $65,409

  • 10c · Land, buildings and equipment, net

    beginning of year $16,651 · end of year $10,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $91,080 · end of year $92,221

  • 19 · Deferred revenue

    beginning of year $69,224 · end of year $74,858

  • 27 · Net assets without donor restrictions

    beginning of year $106,212 · end of year $108,907

Mission and programs · 2024

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 $905,517 · Revenue $936,123

As filed on the 2024 return.

Listed in Part VII

  • Ryan Keane

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Maddie Corrigan

    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

  • Brian Kopinski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Colleen Mullins

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jonathan Reeser

    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
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202533189349312448

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