Wake Forest Downtown Revitalization Corporation
- Assets
- $12.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Wake Forest, NC
- Founding
- 04/1986
- Data as of
- 06/2020
- EIN
- 56-1487206
Organization Overview
Wake Forest Downtown Revitalization Corporation is located in Wake Forest, NC. The organization was established in 1986. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wake Forest Downtown Revitalization Corporation 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 06/2020, Wake Forest Downtown Revitalization Corporation generated $23.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.6%) each year. All expenses for the organization totaled $35.3k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 6 years. 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
2020
Describe the Organization's Program Activity:
Part 3
ACTIVITIES INCLUDED PLANNING EVENTS TO ATTRACT THE PUBLIC TO THE WAKE FOREST DOWNTOWN AREA, ENHANCING THE APPEARANCE OF THE DOWNTOWN AREA AND PROVIDING CERTAIN BENEFITS TO BUSINESSES IN THE DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dawn Nakash Vice Chairpe | 0 | $0 | |
David Lucey Chairperson | 0 | $0 | |
James Warren Secretary | 0 | $0 | |
Kent Lower Director | 0 | $0 | |
Ann Welton Director | 0 | $0 | |
Amy Burkhardt Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5 |
| Total Program Service Revenue | $23,533 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $23,538 |
| Statement of Expenses | |
|---|---|
| Total expenses | $35,300 |
| Balance Sheet | |
|---|---|
| Total assets | $12,410 |
| Total liabilities | $4,113 |
| Net assets or fund balances | $8,297 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wake Forest Downtown Revitalization Corporation has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Woodbine Community Organization Wco Inc Nashville, TN | $99,872,484 | $15,160,345 |
National Association Of Professional Employer Organization Alexandria, VA | $9,490,281 | $8,665,299 |
Virginia Beach Community Development Corporation Virginia Beach, VA | $35,346,329 | $7,614,457 |
Community Revitalization And Reservation Corporation Raleigh, NC | $42,174,048 | $6,127,827 |
Clinch Valley Community Action Inc North Tazewell, VA | $3,516,619 | $7,158,606 |
Northwest Tennessee Development Martin, TN | $5,677,713 | $7,068,049 |
New River Community Action Inc Radford, VA | $2,771,237 | $7,058,582 |
Oasis Center Inc Nashville, TN | $8,797,706 | $7,228,064 |
Action Ministries Inc Atlanta, GA | $1,217,329 | $6,005,144 |
Macon Program For Progress Inc Franklin, NC | $4,140,182 | $6,952,364 |
Orpheum Theatre Group Memphis, TN | $37,801,412 | $4,089,220 |
Lowcountry Community Action Agency 807 Hampton Walterboro, SC | $2,100,801 | $6,798,498 |