Henderson Vance Downtown Development Commission Inc
- Assets
- $177.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Henderson, NC
- Founding
- 08/1987
- Data as of
- 06/2022
- EIN
- 58-1727589
Organization Overview
Henderson Vance Downtown Development Commission Inc is located in Henderson, NC. The organization was established in 1987. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Henderson Vance Downtown Development Commission Inc 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 06/2022, Henderson Vance Downtown Development Commission Inc generated $33.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $42.5k during the year ending 06/2022. 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
PURPOSE OF COMMISSION IS TO RECEIVE AND MAINTAIN A FUND OF REAL OR PERSONAL PROPERTY TO USE AND APPLY THE WHOLE OR ANY PART OF INCOME TO COUNTER ECONOMIC AND SOCIAL DETERIORATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ron Cava Board Member | 0.25 | $0 | |
Sheri Jones Board Member | 0.25 | $0 | |
Jerry Ellington Board Member | 0.25 | $0 | |
Phil Lakernick Board Member | 0.25 | $0 | |
Daniel White Board Member | 0.25 | $0 | |
Paul Harvin Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,346 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $4,225 |
| Other Revenue | $0 |
| Total Revenue | $33,579 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,200 |
| Occupancy, rent, utilities, and maintenance | $491 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $33,075 |
| Total expenses | $42,487 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $160,548 |
| Other assets | $0 |
| Total assets | $177,752 |
| Total liabilities | $0 |
| Net assets or fund balances | $177,752 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Henderson Vance Downtown Development Commission Inc has recieved totaling $5.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Catawba Regional Council Of Governments Rock Hill, SC | $18,118,741 | $10,188,786 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
Common Ground Alliance Alexandria, VA | $4,149,136 | $2,873,132 |
Metanoia North Charleston, SC | $10,676,090 | $4,102,984 |
Forward Cities Inc Durham, NC | $1,196,373 | $2,460,187 |
Industrial Commons Morganton, NC | $6,060,975 | $4,558,553 |
Partners In Ministry Laurinburg, NC | $1,633,972 | $2,541,350 |
Small Business Assistance Corp Savannah, GA | $17,970,431 | $1,539,306 |
Binghampton Development Corporation Memphis, TN | $12,365,463 | $1,404,895 |