Downtown Development Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bentonville, AR
- Founding
- 02/1982
- Data as of
- 12/2023
- EIN
- 71-0553212
Organization Overview
Downtown Development Inc is located in Bentonville, AR. The organization was established in 1982. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, 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. Downtown Development Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Downtown Development Inc generated $8.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $12.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (17.5%) per year over the past 9 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
2023
Describe the Organization's Program Activity:
Part 3
DOWNTOWN DEVELOPMENT, INC. WAS FORMED TO CARRY ON ALL PHASES OF BUSINESS RELATING TO THE CIVIC, CHARITABLE, PATRIOTIC, CULTURAL, PROFESSIONAL, COMMERCIAL, AND INDUSTRIAL IMPROVEMENT AND PRESERVATION OF THE CITY OF BENTONVILLE, BENTON COUNTY, ARKANSAS. DOWNTOWN DEVELOPMENT PURCHASES REAL ESTATE TO BE SOLD AT A LATER DATE TO THE CITY OF BENTONVILLE OR OTHER GOVERNMENTAL UNIT FOR CIVIC OR INDUSTRIAL DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Johnny Haney President | 1 | $0 | |
Debbie Matteri Vice President | 1 | $0 | |
Brenda Anderson Secretary/treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,835 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $9 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $8,844 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $12,182 |
| Total expenses | $12,182 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |