Civic Intelligence

Downtown Tomorrow Inc.

990 • Fiscal year 2019 • EIN 38-2513286

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 09, 2020

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

95th percentile

1.23x

Higher debt load relative to assets than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

26.05x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

8th percentile

-37%

Higher net margin than 8% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

78th percentile

$128,427

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 186.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

39th percentile

-0.1%

Faster asset growth than 39% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

37th percentile

-0.5%

Faster revenue growth than 37% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$1,457,050

Down $1,555 (-0.1%) from 2018

Net Assets

Down

-$334,593

Down $25,596 (-8.3%) from 2018

Liabilities

Up

$1,791,643

Up $24,041 (+1.4%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin8th percentile

Revenue

Down

$68,765

Down $377 (-0.5%) from 2018

Expenses

Down

$94,361

Down $38,707 (-29%) from 2018

Net Income

Up

-$25,596

Up $38,330 (+60%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth39th 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

2019

Assets$1,457,050
Liabilities$1,791,643
Net Assets-$334,593
Open 2019 Filing

Operations Trend

Revenue Growth37th 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

2019

Revenue$68,765
Expenses$94,361
Net Income-$25,596
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 9, 2020
Return Version
2019v5.1
Gross Receipts
$68,765
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$1,250,000$1,250,000→ $0
Cash and Non-Interest-Bearing Accounts$58,605$38,300▼ $20,305
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$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
Land, Buildings, and Equipment, Net$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$1,458,605$1,457,050▼ $1,555
Other Assets Total$150,000$168,750▲ $18,750
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,581,264$1,581,264→ $0
Other Liabilities$185,938$209,657▲ $23,719
Accounts Payable and Accrued Expenses$400$722▲ $322
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$1,767,602$1,791,643▲ $24,041
Net Assets / Fund Balance
Net Assets With Donor Restrictions$0$0→ $0
Net Assets Without Donor Restrictions$-308,997$-334,593▼ $25,596
Total Net Assets Fund Balance$-308,997$-334,593▼ $25,596
Total Liabilities and Net Assets / Fund Balance$1,458,605$1,457,050▼ $1,555

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$168,750--
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleOtherTotal
Andrew HaanExecutive Director$128,427$128,427

Board Members and Trustees

NameTitle
Kenneth V MillerPresident
Jim BarnumVice President
Bob MillerBoard 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
$50,000
Program Service Revenue
$18,750
Investment Income
$15
Other Revenue
$0
All Other Contributions
$50,000
Change in Net Assets
$-25,596

Audited Revenue Reconciliation

Revenue per Audited Statements
$68,765
Total Revenue per Audited Statements
$68,765
Total Revenue per Form 990
$68,765
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$94,361
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
Interest-$23,719-$23,719
Fees for Services Management$5,250$2,250-$7,500
Fees for Services Accounting-$7,075-$7,075
Insurance-$2,823-$2,823
Fees for Services Legal-$1,460-$1,460
Other Expenses$1,753$31-$31
Total Functional Expenses$57,003$37,358$0$94,361

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$94,361
Total Expenses per Audited Statements$94,361
Total Expenses per Form 990$94,361
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$209,657
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 35% controlled entity
No
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
2020-07-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kenneth V Miller
Formed
1984
Legal Domicile
Mi
Voting Board Members
12
Independent Board Members
11
Employees
0
Volunteers
11

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

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/IncludeFIN48FootnoteInd0true
IRS990/IncmFromInvestBondProceedsGrp/TotalRevenueColumnAmt00
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt011
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02823
IRS990/InsuranceGrp/TotalAmt02823
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InterestGrp/ManagementAndGeneralAmt023719
IRS990/InterestGrp/TotalAmt023719
IRS990/InventoriesForSaleOrUseGrp/BOYAmt00
IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/EOYAmt00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt00
IRS990/InvestmentsPubTradedSecGrp/EOYAmt00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LegalDomicileStateCd0MI
IRS990/LoanOutstandingInd0false
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/BOYAmt01581264
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01581264
IRS990/NetAssetsOrFundBalancesBOYAmt0-308997
IRS990/NetAssetsOrFundBalancesEOYAmt0-334593
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeFromGamingGrp/TotalRevenueColumnAmt00
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-308997
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-334593
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0150000
IRS990/OtherAssetsTotalGrp/EOYAmt0168750
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherExpensesGrp/Desc0EXCHANGE SNOW MELT SYSTEM
IRS990/OtherExpensesGrp/Desc1ARCADIA CREEK
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031
IRS990/OtherExpensesGrp/ProgramServicesAmt050000
IRS990/OtherExpensesGrp/ProgramServicesAmt11753
IRS990/OtherExpensesGrp/TotalAmt050000
IRS990/OtherExpensesGrp/TotalAmt11753
IRS990/OtherExpensesGrp/TotalAmt231
IRS990/OtherLiabilitiesGrp/BOYAmt0185938
IRS990/OtherLiabilitiesGrp/EOYAmt0209657
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01250000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01250000
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0KENNETH V MILLER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt018750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt018750
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050000
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt035
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt0133068
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt019107
IRS990/PYRevenuesLessExpensesAmt0-63926
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0133068
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt069142
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt00
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-25596
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt018750
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
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc2SCHEDULE A, PART IV, SECTION D, LINE 3
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0382487766
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DOWNTOWN DEVELOPMENT AUTHORITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt094361
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0168750
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0OTHER INTEREST RECEIVABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0209657
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTEREST PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt068765

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,457,050
Liabilities
$1,791,643
Net assets
-$334,593
Revenue
$68,765
Expenses
$94,361
Net income
-$25,596
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