Downtown Kalamazoo Inc
- Assets
- $219.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 9
- Location
- Kalamazoo, MI
- Founding
- 04/2015
- Data as of
- 12/2022
- EIN
- 38-2845664
Organization Overview
Downtown Kalamazoo Inc, operating under the name Kalamazoo Downtown Partnership, is located in Kalamazoo, MI. The organization was established in 2015. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Kalamazoo Downtown Partnership employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kalamazoo Downtown Partnership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Kalamazoo Downtown Partnership generated $197.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.6%) each year. All expenses for the organization totaled $611.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IN COORDINATION WITH OTHER RELATED ENTITIES THE ORGANIZATION HAS IMPLEMENTED NEW REHABILITATION PROJECTS IN THE DOWNTOWN KALAMAZOO AREA TO IMPROVE THE HEALTH, LIVING, AND WORKING CONDITIONS IN THE DOWNTOWN DISTRICT. THE ORGANIZATION FUNDED AND ADMINISTERED VARIOUS EVENTS IN DOWNTOWN TO ENCOURAGE COMMUNITY MEMBERS TO VISIT, SHOP AND ENJOY THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Hahn Executive Director | 40 | $44,565 | |
Derek Nofz Chair/secretary | 1 | $0 | |
Greg Milliken Treasurer | 1 | $0 | |
Jane Ghosh Director | 1 | $0 | |
Jim Escamilla Director | 1 | $0 | |
L Marshall Washington Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $183,760 |
| Total Program Service Revenue | $13,283 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $116 |
| Total Revenue | $197,159 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $169,201 |
| Professional fees and other payments to independent contractors | $55,741 |
| Occupancy, rent, utilities, and maintenance | $89,854 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $296,400 |
| Total expenses | $611,196 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $197,573 |
| Other assets | $0 |
| Total assets | $219,294 |
| Total liabilities | $184,593 |
| Net assets or fund balances | $34,701 |