San Jose Downtown Community Development Corporation
- Assets
- $508.4k
- Revenue
- $14.8k
- Investments
- $0.0
- Employees
- 0
- Location
- San Jose, CA
- Founding
- 06/2016
- Data as of
- 06/2020
- EIN
- 81-1787162
Organization Overview
San Jose Downtown Community Development Corporation is located in San Jose, CA. The organization was established in 2016. According to its NTEE Classification (S30) the organization is classified as: 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. San Jose Downtown Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO STIMULATE PUBLIC AND PRIVATE INVESTMENT, COMMUNITY PARTNERSHIPS AND RESOURCES TO SUPPORT THE REVITALIZATION OF DOWNTOWN SAN JOSE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRED CAPITAL IMPROVEMENT PROJECT KNOWN AS MOMENT AT SAN PEDRO SQUARE THAT INCLUDED CONSTRUCTION OF FOUR (4) RETAIL SHOPS IN CITY OWNED GARAGE AS PART OF AN INNOVATIVE REPURPOSING OF PARKING SPACES TO ACTIVATE GROUND FLOOR USES IN ONE OF DOWNTOWN SAN JOSE'S MOST POPULAR COMMERCIAL DISTRICTS. PROGRAM WILL MANAGE ONGOING OPERATIONS AND MAINTENANCE OF THE RETAIL SPACES, INCLUDING WEATHERPROOFING OF FACADE AWNINGS.
DEVELOP AND FUND CAPITAL AND MANAGEMENT INITIATIVES THAT ENRICH THE DOWNTOWN ECONOMY AND PUBLIC REALM.
ACQUIRED CAPITAL IMPROVEMENT PROJECT KNOWN AS MOMENT AT SAN PEDRO SQUARE THAT INCLUDED CONSTRUCTION OF FOUR (4) RETAIL SHOPS IN CITY OWNED GARAGE AS PART OF AN INNOVATIVE REPURPOSING OF PARKING SPACES TO ACTIVATE GROUND FLOOR USES IN ONE OF DOWNTOWN SAN JOSE'S MOST POPULAR COMMERCIAL DISTRICTS. PROGRAM WILL MANAGE ONGOING OPERATIONS AND MAINTENANCE OF THE RETAIL SPACES, INCLUDING WEATHERPROOFING OF FACADE AWNINGS.
DEVELOP AND FUND CAPITAL AND MANAGEMENT INITIATIVES THAT ENRICH THE DOWNTOWN ECONOMY AND PUBLIC REALM.
ACQUIRED CAPITAL IMPROVEMENT PROJECT KNOWN AS MOMENT AT SAN PEDRO SQUARE THAT INCLUDED CONSTRUCTION OF FOUR (4) RETAIL SHOPS IN CITY OWNED GARAGE AS PART OF AN INNOVATIVE REPURPOSING OF PARKING SPACES TO ACTIVATE GROUND FLOOR USES IN ONE OF DOWNTOWN SAN JOSE'S MOST POPULAR COMMERCIAL DISTRICTS. PROGRAM WILL MANAGE ONGOING OPERATIONS AND MAINTENANCE OF THE RETAIL SPACES, INCLUDING WEATHERPROOFING OF FACADE AWNINGS.
DEVELOP AND FUND CAPITAL AND MANAGEMENT INITIATIVES THAT ENRICH THE DOWNTOWN ECONOMY AND PUBLIC REALM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Knies Executive Director | OfficerTrustee | 0.25 | $0 |
Henry Cord President | OfficerTrustee | 0.08 | $0 |
Alan Gumby Marques Secretary | OfficerTrustee | 0.25 | $0 |
Robert Lindo Vice President | OfficerTrustee | 0.08 | $0 |
Alex Stuart Director | Trustee | 0.08 | $0 |
Hanh Nguyen Director | Trustee | 0.08 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,806 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,080 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $137,110 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $145,910 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,178 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $151,463 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $508,416 |
| Accounts payable and accrued expenses | $1,500 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,000 |
| Total liabilities | $4,500 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $503,916 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Diego Convention And Tourist Bureau San Diego, CA | $10,248,135 | $28,266,235 |
Cdc Small Business Finance Corp San Diego, CA | $123,395,668 | $31,738,512 |
Mission Economic Development Agency San Francisco, CA | $193,556,070 | $20,206,962 |
San Francisco Travel Association San Francisco, CA | $17,687,275 | $15,738,684 |
Citadel Economic Development Corporation San Bernardino, CA | $7,215,242 | $16,438,545 |
Greater Phoenix Convention & Visitors Bureau Phoenix, AZ | $19,191,750 | $16,242,591 |
Long Beach Area Convention And Visitors Bureau Inc Long Beach, CA | $4,784,571 | $9,189,036 |
San Luis Obispo Visitors & Conference Bureau Incorporated San Luis Obispo, CA | $7,302,521 | $9,818,447 |
Smcu Community Fund Redwood City, CA | $1,513,371 | $6,964,137 |
Maui Economic Development Board Inc Medb Kihei, HI | $10,649,362 | $7,742,311 |
Greater Phoenix Economic Council Phoenix, AZ | $6,926,984 | $7,545,492 |
Santa Monica Travel & Tourism Santa Monica, CA | $2,868,308 | $7,126,411 |