Civic Intelligence

The Down Town Association

990 • Fiscal year 2018 • EIN 13-5035020

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 14, 2019

Organization ProfileWWW.THEDTA.COM

View Organization Page

60 Pine StreetNew York, NY 10005

(212) 422-1982

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

0.67x

Higher debt load relative to assets than 96% of similar nonprofits.

2018 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

67th percentile

0.97x

Higher debt load relative to revenue than 67% of similar nonprofits.

2018 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2018

Net Margin

99th percentile

70%

Higher net margin than 99% of similar nonprofits.

2018 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

12th percentile

$170,138

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 0.5% of source-year revenue.

2018 filings • 501(c)7 • $25M-$50M nonprofits • Source year 2018

Asset Growth

35th percentile

-0.1%

Faster asset growth than 35% of similar nonprofits.

2018 filings • 501(c)7 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

100th percentile

735%

Faster revenue growth than 100% of similar nonprofits.

2018 filings • 501(c)7 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$46,506,457

Down $29,906 (-0.1%) from 2017

Net Assets

Down

$15,504,688

Down $6,178,455 (-28%) from 2017

Liabilities

Up

$31,001,769

Up $6,148,549 (+25%) from 2017

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin99th percentile

Revenue

Up

$32,032,446

Up $28,193,979 (+735%) from 2017

Expenses

Up

$9,698,028

Up $1,840,529 (+23%) from 2017

Net Income

Up

$22,334,418

Up $26,353,450 (+656%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth35th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2010: $41,242,760Liabilities 2010: $4,313,184Net Assets 2010: $36,929,5762010Assets 2011: $41,303,815Liabilities 2011: $5,381,562Net Assets 2011: $35,922,2532011Assets 2012: $45,874,617Liabilities 2012: $11,740,109Net Assets 2012: $34,134,5082012Assets 2013: $45,706,195Liabilities 2013: $11,949,883Net Assets 2013: $33,756,3122013Assets 2014: $45,400,134Liabilities 2014: $14,378,720Net Assets 2014: $31,021,4142014Assets 2015: $46,097,131Liabilities 2015: $18,221,085Net Assets 2015: $27,876,0462015Assets 2016: $46,808,370Liabilities 2016: $20,956,604Net Assets 2016: $25,851,7662016Assets 2017: $46,536,363Liabilities 2017: $24,853,220Net Assets 2017: $21,683,1432017Assets 2018: $46,506,457Liabilities 2018: $31,001,769Net Assets 2018: $15,504,6882018Assets 2019: $45,017,313Liabilities 2019: $35,324,260Net Assets 2019: $9,693,0532019Assets 2020: $40,156,847Liabilities 2020: $35,329,697Net Assets 2020: $4,827,1502020Assets 2021: $39,729,178Liabilities 2021: $34,471,742Net Assets 2021: $5,257,4362021Assets 2022: $39,714,866Liabilities 2022: $34,471,742Net Assets 2022: $5,243,1242022Assets 2023: $38,842,208Liabilities 2023: $27,963,646Net Assets 2023: $10,878,5622023Assets 2024: $37,950,946Liabilities 2024: $27,862,288Net Assets 2024: $10,088,6582024

Highlighted filing

2018

Assets$46,506,457
Liabilities$31,001,769
Net Assets$15,504,688
Open 2018 Filing

Operations Trend

Revenue Growth100th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$30M$20M$10M$0-$10MRevenue 2010: $3,118,123Expenses 2010: $3,822,317Net Income 2010: -$704,1942010Revenue 2011: $3,359,228Expenses 2011: $4,366,551Net Income 2011: -$1,007,3232011Revenue 2012: $2,928,090Expenses 2012: $4,715,835Net Income 2012: -$1,787,7452012Revenue 2013: $5,759,024Expenses 2013: $6,137,220Net Income 2013: -$378,1962013Revenue 2014: $2,989,425Expenses 2014: $5,724,323Net Income 2014: -$2,734,8982014Revenue 2015: $3,273,459Expenses 2015: $6,421,827Net Income 2015: -$3,148,3682015Revenue 2016: $4,253,862Expenses 2016: $6,265,567Net Income 2016: -$2,011,7052016Revenue 2017: $3,838,467Expenses 2017: $7,857,499Net Income 2017: -$4,019,0322017Revenue 2018: $32,032,446Expenses 2018: $9,698,028Net Income 2018: $22,334,4182018Revenue 2019: $2,039,219Expenses 2019: $7,832,319Net Income 2019: -$5,793,1002019Revenue 2020: $484,997Expenses 2020: $5,350,900Net Income 2020: -$4,865,9032020Revenue 2021: $514,397Expenses 2021: $84,111Net Income 2021: $430,2862021Revenue 2022: $0Expenses 2022: $14,312Net Income 2022: -$14,3122022Revenue 2023: $6,914,068Expenses 2023: $1,278,630Net Income 2023: $5,635,4382023Revenue 2024: $585,057Expenses 2024: $1,374,961Net Income 2024: -$789,9042024

Highlighted filing

2018

Revenue$32,032,446
Expenses$9,698,028
Net Income$22,334,418
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 14, 2019
Return Version
2018v3.1
Gross Receipts
$32,431,490
Mission and Program Overview

Mission

The association was created to furnish its members engaged in commercial and professional pursuits in the city of new york, facilities for social intercourse, and such accommodations as required during the intervals of business while at a distance from their residences, also the advancement of literature and art by establishing and maintaining a library, reading room, and gallery of art.

The association was established to provide its members facilities for social intercourse in new york city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$43,677,383$32,024,988▼ $11,652,395
Loans From Officers Directors$3,099,937$0▼ $3,099,937
Savings and Temporary Cash Investments$788,769$513,686▼ $275,083
Accounts Receivable$1,108,399$443,660▼ $664,739
Cash and Non-Interest-Bearing Accounts$463,124$332,740▼ $130,384
Prepaid Expenses and Deferred Charges$25,828$271,655▲ $245,827
Inventories for Sale or Use$84,756$83,414▼ $1,342
Total Assets$46,536,363$46,506,457▼ $29,906
Other Assets Total$388,104$12,836,314▲ $12,448,210
Liabilities
Other Liabilities$457,101$28,306,661▲ $27,849,560
Mortgage Notes Payable Secured by Investment Property$16,486,719$0▼ $16,486,719
Accounts Payable and Accrued Expenses$3,682,226$1,939,871▼ $1,742,355
Deferred Revenue$1,127,237$755,237▼ $372,000
Total Liabilities$24,853,220$31,001,769▲ $6,148,549
Net Assets / Fund Balance
Unrestricted Net Assets$21,683,143$15,504,688▼ $6,178,455
Total Net Assets Fund Balance$21,683,143$15,504,688▼ $6,178,455
Total Liabilities and Net Assets / Fund Balance$46,536,363$46,506,457▼ $29,906

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$28,280,000-$28,280,000
Equipment$2,043,435$3,891,193$5,934,628
Other Land Buildings$1,701,553$1,252,421$2,953,974
Other Assets Org$12,696,092--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Valerie Baker DonaghySales ManagerFT$140,518$29,620$170,138
Byron Francisco LoayzaGeneral ManagerFT$121,300$29,860$151,160
Dale BookoutControllerFT$113,880$935$114,815

Board Members and Trustees

NameTitle
Mark R AltherrPresident
D Roger B LiddellVice President
Aleksei BrownTrustee
Christine YasaitisTrustee
Garrett BowdenTrustee
Grady C Edwards IiTrustee
Jane M HewsonTrustee
Jed FreedlanderTrustee
Jeffrey B FerrisTrustee
Jeffrey ZeigerTrustee
Joseph P ForteTrustee
Mark S KopinskiTrustee
Sharif TanamliTrustee
Timothy L ThompsonSecretary
Thomas O Boucher JrTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$17,716
Program Service Revenue
$1,182,637
Investment Income
$28,283,704
Other Revenue
$2,548,389
All Other Contributions
$17,716
Change in Net Assets
$22,334,418

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,752,446
Revenue Not Reported on Financial Statements
$28,280,000
Revenue Not Reported on Form 990
$399,044
Other Revenue Adjustments
$28,280,000
Total Revenue per Audited Statements
$4,151,490
Total Revenue per Form 990
$32,032,446
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,195,795
Salaries, Compensation, and Employee Benefits$2,502,233
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest---$2,852,443
Occupancy---$2,072,689
Other Salaries and Wages---$1,630,736
Depreciation Depletion---$870,210
Other Employee Benefits---$373,859
Payroll Taxes---$354,050
All Other Expenses---$299,121
Office Expenses---$175,527
Other Expenses---$160,722
Current Officers, Directors, Trustees, and Key Employees---$122,235
Insurance---$109,723
Fees for Services Other---$58,371
Fees for Services Legal---$36,258
Pension Plan Contributions---$21,353
Fees for Services Accounting---$3,905
Advertising---$1,893
Travel---$1,228
Total Functional Expenses$0$0$0$9,698,028

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$10,097,072
Expenses per Audited Statements$9,698,028
Total Expenses per Form 990$9,698,028
Expenses Not Reported on Form 990$399,044
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$3,099,937$0▼ $3,099,937
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligation$28,279,825
Deferred Life Membership Dues$26,836
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“The down town association (the "association") was incorporated as a membership organization.”

Form 990, Part VI, Section A, Line 7A

“At each annual meeting of the association, five trustees and managers shall be elected to replace the outgoing class of the current trustees and mangers which are divided into three classes.”

Form 990, Part VI, Section A, Line 7B

“All business concerning the membership, general operations of the association are decided by the board of trustees. Elections of trustees and other by-law changes are voted on by the regular resident members of the association.”

Form 990, Part VI, Section B, Line 11B

“The form 990 was reviewed by the treasurer prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The conflict of interest policy form are distributed to all officers, trustees and key employees on an annual basis for their signature to prove that they have received, read and understand the content of the conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“The house committee and board of trustees review the compensation packages of the association's key employees. The house committee and board of trustees also review the compensation packages for the association's other employees based on recommendations from the general manager. When determining compensation, comparative compensation packages from other clubs are used. The house committee and board of trustees review and discuss accomplishments and overall performance of prior year in determining raises and bonuses. The association does not compensate its officers and trustees.”

Form 990, Part VI, Section C, Line 19

“The association's governing documents and conflict of interest policy are not available to the public.”

Filing and Contact Details

Filer

Filer Name
The Down Town Association
EIN
13-5035020
Phone
2124221982
Address
60 PINE STREET, NEW YORK, NY 10005

Signing Officer

Name
Mark R Altherr
Title
President
Phone
2124221982
Signed
2019-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mark R Altherr
Formed
1859
Legal Domicile
Ny
Voting Board Members
15
Independent Board Members
15
Employees
46
Volunteers
15

Preparer

Firm
PKF O'CONNOR DAVIES LLP
Address
40 WESTMINSTER STREET SUITE 600, PROVIDENCE, RI 02903
Preparer
Kerri Rawcliffe
Phone
4016216200
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Tax gain on sale of building -28,280,000.”

FORM 990, PART XII, LINE 2C:

“The organization's board of directors has direct oversight and responsibility for the selection of its outside cpa, as well as its annueal financial statement audit. There was no change in this process from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The association recognizes the effect of tax positions only if those positions are more likely than not to be sustained. Management has determined that the association has no uncertain tax positions that would require financial statement recognition or disclosure. The association is no longer subject to examinations by applicable taxing jurisdictions for tax years prior to 2015.”

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15CONTROLLER
IRS990/Form990PartVIISectionAGrp/TitleTxt16SALES MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt17GENERAL MANAGER
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IRS990/Form990TFiledInd01
IRS990/FormationYr01859
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt028280000
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt028280000
IRS990/GrossReceiptsAmt032431490
IRS990/GrossReceiptsForPublicUseAmt01865424
IRS990/GrossRentsGrp/RealAmt0103000
IRS990/GrossSalesOfInventoryAmt02749783
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt015
IRS990/IndivRcvdGreaterThan100KCnt03
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
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IRS990/InsuranceGrp/TotalAmt0109723
IRS990/InterestGrp/TotalAmt02852443
IRS990/InventoriesForSaleOrUseGrp/BOYAmt084756
IRS990/InventoriesForSaleOrUseGrp/EOYAmt083414
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IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt03704
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IRS990/IRPDocumentW2GCnt00
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt043677383
IRS990/LandBldgEquipBasisNetGrp/EOYAmt032024988
IRS990/LandBldgEquipCostOrOtherBssAmt037168602
IRS990/LegalDomicileStateCd0NY
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IRS990/LessRentalExpensesGrp/RealAmt00
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ASSOCIATION WAS CREATED TO FURNISH ITS MEMBERS ENGAGED IN COMMERCIAL AND PROFESSIONAL PURSUITS IN THE CITY OF NEW YORK, FACILITIES FOR SOCIAL INTERCOURSE, AND SUCH ACCOMMODATIONS AS REQUIRED DURING THE INTERVALS OF BUSINESS WHILE AT A DISTANCE FROM THEIR RESIDENCES, ALSO THE ADVANCEMENT OF LITERATURE AND ART BY ESTABLISHING AND MAINTAINING A LIBRARY, READING ROOM, AND GALLERY OF ART.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt016486719
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt021683143
IRS990/NetAssetsOrFundBalancesEOYAmt015504688
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt028280000
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt028280000
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0673367
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt02350739
IRS990/NetIncomeOrLossGrp/UnrelatedBusinessRevenueAmt01677372
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0103000
IRS990/NetRentalIncomeOrLossGrp/UnrelatedBusinessRevenueAmt0103000
IRS990/NetUnrelatedBusTxblIncmAmt057066
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt02072689
IRS990/OfficeExpensesGrp/TotalAmt0175527
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0388104
IRS990/OtherAssetsTotalGrp/EOYAmt012836314
IRS990/OtherChangesInNetAssetsAmt0-28280000
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0373859
IRS990/OtherExpensesGrp/Desc0UNRELATED BUSINEES INCO
IRS990/OtherExpensesGrp/Desc1FOOD & BEVERAGE OPERATI
IRS990/OtherExpensesGrp/Desc2ROOM RENTAL OPERATIONS
IRS990/OtherExpensesGrp/Desc3CLUBHOUSE OPERATIONS
IRS990/OtherExpensesGrp/TotalAmt020045
IRS990/OtherExpensesGrp/TotalAmt1366965
IRS990/OtherExpensesGrp/TotalAmt2166695
IRS990/OtherExpensesGrp/TotalAmt3160722
IRS990/OtherLiabilitiesGrp/BOYAmt0457101
IRS990/OtherLiabilitiesGrp/EOYAmt028306661
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE-RELATED-990
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt094650
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt094650
IRS990/OtherRevenueTotalAmt094650
IRS990/OtherSalariesAndWagesGrp/TotalAmt01630736
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt0354050
IRS990/PensionPlanContributionsGrp/TotalAmt021353
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025828
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0271655
IRS990/PrincipalOfficerNm0MARK R ALTHERR
IRS990/PriorPeriodAdjustmentsAmt0-232873
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/Desc1INITIATION FEES
IRS990/ProgramServiceRevenueGrp/Desc2LIFE MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01141121
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt135050
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt26466
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01141121
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt135050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt26466
IRS990/ProgSrvcAccomActyOtherGrp/Desc0THE DOWN TOWN ASSOCIATION MAINTAINS A COLLECTION OF PAINTINGS AND VARIOUS ARTWORK FOR THE VIEWING PLEASURE OF THE MEMBERS.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt020057
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03187
IRS990/PYOtherExpensesAmt05352393
IRS990/PYOtherRevenueAmt02501735
IRS990/PYProgramServiceRevenueAmt01313488
IRS990/PYRevenuesLessExpensesAmt0-4019032
IRS990/PYSalariesCompEmpBnftPaidAmt02505106
IRS990/PYTotalExpensesAmt07857499
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03838467
IRS990/ReconcilationRevenueExpnssAmt022334418
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt0103000
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0788769
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0513686
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt028280000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt028280000
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/EquipmentGrp/BookValueAmt02043435
IRS990ScheduleD/EquipmentGrp/DepreciationAmt03891193
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt05934628
IRS990ScheduleD/ExpensesNotReportedAmt0399044
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt09698028
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0140222
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt112696092
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RESERVES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED LOSS
IRS990ScheduleD/OtherExpensesIncludedAmt0399044
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01701553
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt01252421
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02953974
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt026836
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt128279825
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEFERRED LIFE MEMBERSHIP DUES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1CAPITAL LEASE OBLIGATION
IRS990ScheduleD/OtherRevenueAmt0399044
IRS990ScheduleD/OtherRevenuesNotIncludedAmt028280000
IRS990ScheduleD/RevenueNotReportedAmt0399044
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt028280000
IRS990ScheduleD/RevenueSubtotalAmt03752446
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ASSOCIATION RECOGNIZES THE EFFECT OF TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE ASSOCIATION HAS NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. THE ASSOCIATION IS NO LONGER SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO 2015.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalBookValueOtherAssetsAmt012836314
IRS990ScheduleD/TotalExpensesPerForm990Amt09698028
IRS990ScheduleD/TotalLiabilityAmt028306661
IRS990ScheduleD/TotalRevenuePerForm990Amt032032446
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04151490
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt010097072
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0140518
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1121300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,506,457
Liabilities
$31,001,769
Net assets
$15,504,688
Revenue
$32,032,446
Expenses
$9,698,028
Net income
$22,334,418
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$38.0$27.9$10.1$0.59$1.37$0.79
2023Detailed filing. Detailed filing data is available for this year.$38.8$28.0$10.9$6.91$1.28$5.64
2022Detailed filing. Detailed filing data is available for this year.$39.7$34.5$5.24$0.00$0.01$0.01
2021Detailed filing. Detailed filing data is available for this year.$39.7$34.5$5.26$0.51$0.08$0.43
2020Detailed filing. Detailed filing data is available for this year.$40.2$35.3$4.83$0.48$5.35$4.87
2019Detailed filing. Detailed filing data is available for this year.$45.0$35.3$9.69$2.04$7.83$5.79
2018Detailed filing. Detailed filing data is available for this year.$46.5$31.0$15.5$32.0$9.70$22.3
2017Summary only. Only limited summary data is available for this year.$46.5$24.9$21.7$3.84$7.86$4.02
2016Summary only. Only limited summary data is available for this year.$46.8$21.0$25.9$4.25$6.27$2.01
2015Summary only. Only limited summary data is available for this year.$46.1$18.2$27.9$3.27$6.42$3.15
2014Summary only. Only limited summary data is available for this year.$45.4$14.4$31.0$2.99$5.72$2.73
2013Summary only. Only limited summary data is available for this year.$45.7$11.9$33.8$5.76$6.14$0.38
2012Summary only. Only limited summary data is available for this year.$45.9$11.7$34.1$2.93$4.72$1.79
2011Summary only. Only limited summary data is available for this year.$41.3$5.38$35.9$3.36$4.37$1.01
2010Summary only. Only limited summary data is available for this year.$41.2$4.31$36.9$3.12$3.82$0.70