Downtown Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 1,189,187 | 1,037,484 | 151,703 | 17.0 | 36% |
| 2012 | 1,336,501 | 1,067,719 | 268,782 | 19.5 | 40% |
| 2013 | 1,350,329 | 1,819,840 | −469,511 | 8.3 | 38% |
| 2014 | 1,369,340 | 1,114,379 | 254,961 | 16.4 | 30% |
| 2015 | 1,411,472 | 1,324,545 | 86,927 | 14.6 | 32% |
| 2016 | 1,819,928 | 1,628,161 | 191,767 | 13.3 | 29% |
| 2017 | 1,649,497 | 1,676,043 | −26,546 | 12.7 | 50% |
| 2018 | 1,528,241 | 1,641,035 | −112,794 | 12.1 | 44% |
| 2019 | 1,298,142 | 1,466,101 | −167,959 | 12.7 | 43% |
| 2020 | 602,603 | 1,097,532 | −494,929 | 11.6 | 52% |
| 2021 | 2,221,908 | 1,322,535 | 899,373 | 17.8 | 50% |
| 2022 | 1,635,538 | 1,278,063 | 357,475 | 21.7 | 39% |
| 2023 | 1,867,271 | 1,962,155 | −94,884 | 13.6 | 24% |
In its most recent public year (2023), this organization spent $94,884 more than it brought in. Its reserves stood at about 13.6 months of spending, down from 17 in 2011. Staff pay was 24% of spending. $173,603 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Downtown Development Corporation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works