Civic Intelligence

Downtown Tomorrow Inc.

990 • Fiscal year 2017 • EIN 38-2513286

Jan 01, 2017 to Dec 31, 2017 • Filed on May 07, 2018

Organization ProfileN/A
162 East Michigan AvenueKalamazoo, MI 49007

(269) 344-0795

Siviq Scores

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

Liabilities / Assets

94th percentile

1.16x

Higher debt load relative to assets than 94% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

1.84x

Higher debt load relative to revenue than 90% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

95th percentile

70%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

67th percentile

$95,558

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

1st percentile

-64%

Faster asset growth than 1% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

312%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets94th percentile

Assets

Down

$1,513,343

Down $2,690,718 (-64%) from 2016

Net Assets

Up

-$245,071

Up $668,017 (+73%) from 2016

Liabilities

Down

$1,758,414

Down $3,358,735 (-66%) from 2016

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin95th percentile

Revenue

Up

$957,994

Up $725,728 (+312%) from 2016

Expenses

Up

$289,977

Up $121,007 (+72%) from 2016

Net Income

Up

$668,017

Up $604,721 (+955%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$10M$5.0M$0-$5.0MAssets 2011: $9,575,269Liabilities 2011: $9,428,389Net Assets 2011: $146,8802011Assets 2012: $8,852,687Liabilities 2012: $8,518,811Net Assets 2012: $333,8762012Assets 2013: $5,600,687Liabilities 2013: $6,081,043Net Assets 2013: -$480,3562013Assets 2014: $4,556,277Liabilities 2014: $5,463,806Net Assets 2014: -$907,5292014Assets 2015: $4,285,804Liabilities 2015: $5,262,188Net Assets 2015: -$976,3842015Assets 2016: $4,204,061Liabilities 2016: $5,117,149Net Assets 2016: -$913,0882016Assets 2017: $1,513,343Liabilities 2017: $1,758,414Net Assets 2017: -$245,0712017Assets 2018: $1,458,605Liabilities 2018: $1,767,602Net Assets 2018: -$308,9972018Assets 2019: $1,457,050Liabilities 2019: $1,791,643Net Assets 2019: -$334,5932019Assets 2020: $1,457,825Liabilities 2020: $1,815,395Net Assets 2020: -$357,5702020Assets 2021: $1,469,518Liabilities 2021: $1,865,547Net Assets 2021: -$396,0292021Assets 2022: $1,475,273Liabilities 2022: $1,876,316Net Assets 2022: -$401,0432022Assets 2023: $1,475,158Liabilities 2023: $1,876,316Net Assets 2023: -$401,1582023Assets 2024: $1,475,148Liabilities 2024: $1,876,991Net Assets 2024: -$401,8432024

Highlighted filing

2017

Assets$1,513,343
Liabilities$1,758,414
Net Assets-$245,071
Open 2017 Filing

Operations Trend

Revenue Growth97th percentile

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

$1.0M$500K$0-$500K-$1.0MRevenue 2011: $573,294Expenses 2011: $437,718Net Income 2011: $135,5762011Revenue 2012: $604,283Expenses 2012: $417,287Net Income 2012: $186,9962012Revenue 2013: -$65,131Expenses 2013: $749,101Net Income 2013: -$814,2322013Revenue 2014: -$159,233Expenses 2014: $267,940Net Income 2014: -$427,1732014Revenue 2015: $211,619Expenses 2015: $280,474Net Income 2015: -$68,8552015Revenue 2016: $232,266Expenses 2016: $168,970Net Income 2016: $63,2962016Revenue 2017: $957,994Expenses 2017: $289,977Net Income 2017: $668,0172017Revenue 2018: $69,142Expenses 2018: $133,068Net Income 2018: -$63,9262018Revenue 2019: $68,765Expenses 2019: $94,361Net Income 2019: -$25,5962019Revenue 2020: $78,754Expenses 2020: $101,731Net Income 2020: -$22,9772020Revenue 2021: $18,750Expenses 2021: $57,209Net Income 2021: -$38,4592021Revenue 2022: $18,750Expenses 2022: $23,764Net Income 2022: -$5,0142022Revenue 2023: $0Expenses 2023: $115Net Income 2023: -$1152023Revenue 2024: $0Expenses 2024: $685Net Income 2024: -$6852024

Highlighted filing

2017

Revenue$957,994
Expenses$289,977
Net Income$668,017
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 7, 2018
Return Version
2017v2.3
Gross Receipts
$3,665,006
Mission and Program Overview

Mission

Assist downtown development authority in implementing the arcadia creek plan; purchase, hold and eventually dispose of real estate needed for the arcadia creek project or other projects; undertake other development activities and projects in the downtown area.

Assist downtown development authority in implementing the arcadia creek plan.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$2,770,000$1,250,000▼ $1,520,000
Land, Buildings, and Equipment, Net$1,071,633$0▼ $1,071,633
Cash and Non-Interest-Bearing Accounts$241,945$132,093▼ $109,852
Accounts Receivable$2,305$0▼ $2,305
Savings and Temporary Cash Investments$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$4,204,061$1,513,343▼ $2,690,718
Other Assets Total$118,178$131,250▲ $13,072
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,711,866$1,581,264▼ $3,130,602
Other Liabilities$391,261$172,219▼ $219,042
Accounts Payable and Accrued Expenses$14,022$4,931▼ $9,091
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$5,117,149$1,758,414▼ $3,358,735
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$-913,088$-245,071▲ $668,017
Total Net Assets Fund Balance$-913,088$-245,071▲ $668,017
Total Liabilities and Net Assets / Fund Balance$4,204,061$1,513,343▼ $2,690,718

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0-$0
Other Assets Org$131,250--
Compensation and Service Providers
Top Officer Pay67th percentile

Employees

NameTitleOtherTotal
Andrew HaanExecutive Director$95,558$95,558

Board Members and Trustees

NameTitle
Kenneth V MillerPresident
Jim BarnumVice President
Bob MillerBoard Member
Chuck VliekBoard Member
Cindy StewartBoard Member
Jack Hopkinsboard member
Jeff EckertBoard Member
Larry Luethboard member
Marilyn Schlackboard member
Mike Wayboard member
Steve EastBoard Member
Caroline HamSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$699,229
Program Service Revenue
$86,925
Investment Income
$153,103
Other Revenue
$18,737
All Other Contributions
$570,757
Change in Net Assets
$668,017

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$570,757Fair Market Value (FMV)
Total Noncash Contributions1$570,757-

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,038,373
Revenue Not Reported on Financial Statements
$-80,379
Other Revenue Adjustments
$-80,379
Total Revenue per Audited Statements
$1,038,373
Total Revenue per Form 990
$957,994
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$289,977
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal-$71,479-$71,479
Interest-$69,288-$69,288
Fees for Services Management$26,250$11,250-$37,500
Fees for Services Accounting-$11,715-$11,715
Insurance-$2,506-$2,506
Other Expenses$62,693$267-$267
Total Functional Expenses$88,943$201,034$0$289,977

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$370,356
Expenses per Audited Statements$289,977
Total Expenses per Form 990$289,977
Expenses Not Reported on Form 990$80,379
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Interest Payable$162,219
Recoverable Grant$10,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Downtown Tomorrow Inc
EIN
38-2513286
In Care Of
% ANDREW R HAAN
Phone
2693440795
Address
162 East Michigan Avenue, KALAMAZOO, MI 49007

Signing Officer

Name
Andrew R Haan
Title
Executive Director
Phone
2693440795
Signed
2018-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth V Miller
Formed
1984
Legal Domicile
Mi
Voting Board Members
13
Independent Board Members
12
Employees
0
Volunteers
12

Preparer

Firm
Bdo USA Llp
Address
200 OTTAWA AVE NW STE 300, GRAND RAPIDS, MI 49503
Preparer
Jacob Cook
Phone
6167747000
Supplemental Narrative

Additional Explanations

Review of Form 990

“Form 990, part vi, section b, line 11b the form 990 is prepared by accountants bdo usa, llp and reviewed by staff of the organization prior to submission to the board of directors for their review.”

Conflict of Interest Policy

“FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY is monitored at the board level. Any member who might possibly have a conflict of interest exempts themselves from decision making/board actions.”

Governing Documents, Conflict of Interest Policy, and Financial Statements

“Form 990, part vi, section c, line 19 the organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request. Requests can be made to mr. Andrew haan at 162 e. Michigan ave, kalamazoo, michigan 49007.”

Other Accounting Method

“Form 990, part xii, line 1 downtown tomorrow, inc. Uses the modified accrual accounting method.”

Financial Statement Notes

Reconciliation of Revenue

“Schedule d, part xi, line 4b rental expenses - (9,975) closing costs - (70,404)”

Reconciliation of Expenses

“Schedule d, part xii, line 2d rental expenses - 9,975 closing costs - 70,404”

Asc 740 Footnote

“SCHEDULE D, PART X, LINE 2 THE ORGANIZATION IS TAX-EXEMPT UNDER INTERNAL REVENUE CODE SECTION 501(C)(3) AND, ACCORDINGLY, NO PROVISION HAS BEEN MADE FOR INCOME TAXES. IN ADDITION, THE ORGANIZATION HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. The Organization applies a more-likely-than-not recognition threshold for all tax uncertainties. Only those tax benefits that have a greater than fifty percent likelihood of being sustained upon examination by the taxing authorities are recognized. Based on its evaluation, the Organization has concluded there are no significant uncertain tax positions requiring recognition in its financial statements.”

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IRS990/Form990PartVIISectionAGrp/PersonNm11Steve East
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IRS990/Form990PartVIISectionAGrp/TitleTxt0VICE PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
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IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt12EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd0false
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IRS990/FundraisingActivitiesInd0false
IRS990/FundraisingDirectExpensesAmt00
IRS990/FundraisingGrossIncomeAmt00
IRS990/GainOrLossGrp/OtherAmt0152963
IRS990/GamingActivitiesInd0false
IRS990/GamingDirectExpensesAmt00
IRS990/GamingGrossIncomeAmt00
IRS990/GoverningBodyVotingMembersCnt013
IRS990/GovernmentGrantsAmt0128472
IRS990/GrantsPayableGrp/BOYAmt00
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IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt02850000
IRS990/GrossReceiptsAmt03665006
IRS990/GrossRentsGrp/RealAmt028712
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IRS990/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
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IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02506
IRS990/InsuranceGrp/TotalAmt02506
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IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt02
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt01071633
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MI
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IRS990/LessRentalExpensesGrp/RealAmt09975
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IRS990/LoansFromOfficersDirectorsGrp/BOYAmt00
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingOtherInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0ASSIST DOWNTOWN DEVELOPMENT AUTHORITY IN IMPLEMENTING THE ARCADIA CREEK PLAN; PURCHASE, HOLD AND EVENTUALLY DISPOSE OF REAL ESTATE NEEDED FOR THE ARCADIA CREEK PROJECT OR OTHER PROJECTS; UNDERTAKE OTHER DEVELOPMENT ACTIVITIES AND PROJECTS IN THE DOWNTOWN AREA.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04711866
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01581264
IRS990/NetAssetsOrFundBalancesBOYAmt0-913088
IRS990/NetAssetsOrFundBalancesEOYAmt0-245071
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0152963
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0152963
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt018737
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt018737
IRS990/NoncashContributionsAmt0570757
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0118178
IRS990/OtherAssetsTotalGrp/EOYAmt0131250
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0ARCADIA RIVERFRONT
IRS990/OtherExpensesGrp/Desc1WEST END VISIONING
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt034529
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1267
IRS990/OtherExpensesGrp/ProgramServicesAmt062693
IRS990/OtherExpensesGrp/TotalAmt062693
IRS990/OtherExpensesGrp/TotalAmt134529
IRS990/OtherExpensesGrp/TotalAmt2267
IRS990/OtherLiabilitiesGrp/BOYAmt0391261
IRS990/OtherLiabilitiesGrp/EOYAmt0172219
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt02770000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01250000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt00
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0KENNETH V MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/BusinessCd3900099
IRS990/ProgramServiceRevenueGrp/BusinessCd4523991
IRS990/ProgramServiceRevenueGrp/Desc0GROUND LEASE
IRS990/ProgramServiceRevenueGrp/Desc1LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc2ARCADIA RIVERFRONT PROJECT
IRS990/ProgramServiceRevenueGrp/Desc3GIBSON SMOKESTACK PROJECT
IRS990/ProgramServiceRevenueGrp/Desc4FIDUCIARY FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01167
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt118750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt260000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt34008
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt43000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01167
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt118750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt260000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt34008
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43000
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0128472
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0270
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0168970
IRS990/PYOtherRevenueAmt013837
IRS990/PYProgramServiceRevenueAmt089687
IRS990/PYRevenuesLessExpensesAmt063296
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0168970
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0232266
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0668017
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt018737
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0105662
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0true
IRS990ScheduleA/Form990SchAType3FuncIntGrp/GovernmentalEntityInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd0true
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0DOWNTOWN TOMORROW, INC. SUPPORTS DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF KALAMAZOO, A LOCAL GOVERNMENTAL ENTITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1DOWNTOWN TOMORROW, INC. SUPPORTS DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF KALAMAZOO (EIN: 38-2487766) IN IMPLEMENTING THE ARCADIA CREEK PLAN; PURCHASE, HOLD AND EVENTUALLY DISPOSE OF REAL ESTATE NEEDED FOR THE ARCADIA CREEK PROJECT OR OTHER PROJECTS; UNDERTAKE OTHER DEVELOPMENT ACTIVITIES AND PROJECTS IN THE DOWNTOWN AREA.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt2THE BOARD OF DIRECTORS OF THE ORGANIZATION AT ALL TIMES INCLUDES AT LEAST ONE OFFICER OR DIRECTOR OF THE DOWNTOWN DEVELOPMENT AUTHORITY OF THE CITY OF KALAMAZOO. THE DIRECTOR IN THIS ROLE HAS THE VOICE IN DIRECTING THE USE OF THE ORGANIZATION'S INCOME AND ASSETS.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART IV, SECTION A, LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SCHEDULE A, PART IV, SECTION E, LINE 1C

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,513,343
Liabilities
$1,758,414
Net assets
-$245,071
Revenue
$957,994
Expenses
$289,977
Net income
$668,017
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.48$1.88$0.40$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.48$1.88$0.40$0.00$0.00$0.00
2022Detailed filing. Detailed filing data is available for this year.$1.48$1.88$0.40$0.02$0.02$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.47$1.87$0.40$0.02$0.06$0.04
2020Detailed filing. Detailed filing data is available for this year.$1.46$1.82$0.36$0.08$0.10$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.46$1.79$0.33$0.07$0.09$0.03
2018Detailed filing. Detailed filing data is available for this year.$1.46$1.77$0.31$0.07$0.13$0.06
2017Detailed filing. Detailed filing data is available for this year.$1.51$1.76$0.25$0.96$0.29$0.67
2016Detailed filing. Detailed filing data is available for this year.$4.20$5.12$0.91$0.23$0.17$0.06
2015Detailed filing. Detailed filing data is available for this year.$4.29$5.26$0.98$0.21$0.28$0.07
2014Summary only. Only limited summary data is available for this year.$4.56$5.46$0.91$0.16$0.27$0.43
2013Summary only. Only limited summary data is available for this year.$5.60$6.08$0.48$0.07$0.75$0.81
2012Summary only. Only limited summary data is available for this year.$8.85$8.52$0.33$0.60$0.42$0.19
2011Summary only. Only limited summary data is available for this year.$9.58$9.43$0.15$0.57$0.44$0.14