Civic Intelligence

Newark Development Partners

990 • Fiscal year 2017 • EIN 46-1551173

Jan 01, 2017 to Dec 31, 2017 • Filed on Jul 17, 2018

Organization ProfileN/A
PO Box 3500Newark, OH 43058-3500

(740) 349-3774

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.11x

Higher debt load relative to assets than 53% of similar nonprofits.

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

Liabilities / Revenue

83rd percentile

0.76x

Higher debt load relative to revenue than 83% of similar nonprofits.

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

Net Margin

11th percentile

-26%

Higher net margin than 11% of similar nonprofits.

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

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

65th percentile

8.5%

Faster asset growth than 65% of similar nonprofits.

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

Revenue Growth

1st percentile

-89%

Faster revenue growth than 1% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$1,654,488

Up $130,288 (+8.5%) from 2016

Net Assets

Up

$1,471,454

Up $204,291 (+16%) from 2016

Liabilities

Down

$183,034

Down $74,003 (-29%) from 2016

Revenue And Expenses
Liabilities / Revenue83rd percentileNet Margin11th percentile

Revenue

Down

$240,745

Down $1,871,396 (-89%) from 2016

Expenses

Down

$304,204

Down $159,129 (-34%) from 2016

Net Income

Down

-$63,459

Down $1,712,267 (-104%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2013: $21,327Liabilities 2013: $2,354Net Assets 2013: $18,9732013Assets 2014: $49,506Liabilities 2014: $2,431Net Assets 2014: $47,0752014Assets 2015: $300,592Liabilities 2015: $682,236Net Assets 2015: -$381,6442015Assets 2016: $1,524,200Liabilities 2016: $257,037Net Assets 2016: $1,267,1632016Assets 2017: $1,654,488Liabilities 2017: $183,034Net Assets 2017: $1,471,4542017Assets 2018: $1,917,046Liabilities 2018: $121,806Net Assets 2018: $1,795,2402018Assets 2019: $2,124,932Liabilities 2019: $69,579Net Assets 2019: $2,055,3532019Assets 2020: $4,549,931Liabilities 2020: $16,516Net Assets 2020: $4,533,4152020Assets 2021: $11,575,010Liabilities 2021: $52,364Net Assets 2021: $11,522,6462021Assets 2022: $12,379,098Liabilities 2022: $663,651Net Assets 2022: $11,715,4472022Assets 2023: $14,486,412Liabilities 2023: $663,862Net Assets 2023: $13,822,5502023Assets 2024: $18,499,321Liabilities 2024: $3,389,515Net Assets 2024: $15,109,8062024

Highlighted filing

2017

Assets$1,654,488
Liabilities$183,034
Net Assets$1,471,454
Open 2017 Filing

Operations Trend

Revenue Growth1st percentile

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $88,565Expenses 2013: $69,592Net Income 2013: $18,9732013Revenue 2014: $173,124Expenses 2014: $145,022Net Income 2014: $28,1022014Revenue 2015: $829,542Expenses 2015: $1,258,261Net Income 2015: -$428,7192015Revenue 2016: $2,112,141Expenses 2016: $463,333Net Income 2016: $1,648,8082016Revenue 2017: $240,745Expenses 2017: $304,204Net Income 2017: -$63,4592017Revenue 2018: $585,325Expenses 2018: $261,539Net Income 2018: $323,7862018Revenue 2019: $760,650Expenses 2019: $500,537Net Income 2019: $260,1132019Revenue 2020: $2,811,099Expenses 2020: $333,037Net Income 2020: $2,478,0622020Revenue 2021: $7,291,964Expenses 2021: $302,733Net Income 2021: $6,989,2312021Revenue 2022: $866,644Expenses 2022: $715,760Net Income 2022: $150,8842022Revenue 2023: $3,300,746Expenses 2023: $1,193,643Net Income 2023: $2,107,1032023Revenue 2024: $2,058,190Expenses 2024: $770,934Net Income 2024: $1,287,2562024

Highlighted filing

2017

Revenue$240,745
Expenses$304,204
Net Income-$63,459
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Jul 17, 2018
Return Version
2017v2.3
Gross Receipts
$326,990
Mission and Program Overview

Mission

To lessen the burdens of city government and to alleviate poverty in the local area by incentivizing investments in the city of newark, ohio, in order to promote and sustain economic development, create jobs and further improve the business, industrial and residential living areas of the city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,534,913$1,471,454▼ $63,459
Land, Buildings, and Equipment, Net$950,740$980,572▲ $29,832
Other Notes and Loans Receivable, Net$634,425$439,230▼ $195,195
Cash and Non-Interest-Bearing Accounts$206,785$234,686▲ $27,901
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$1,791,950$1,654,488▼ $137,462
Liabilities
Unsecured Notes Loans Payable$255,147$175,897▼ $79,250
Other Liabilities$0$4,975▲ $4,975
Accounts Payable and Accrued Expenses$1,890$2,162▲ $272
Total Liabilities$257,037$183,034▼ $74,003
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,534,913$1,471,454▼ $63,459
Total Liabilities and Net Assets / Fund Balance$1,791,950$1,654,488▼ $137,462

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$787,052$19,993-
Other Land Buildings$193,520$3,042-
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Daniel DelawderChairman
Jerry McclainVice Chairman
Andrew MorrisonDirector
Brian MoreheadDirector
David RhodesDirector
Mark MauterDirector
Mary AlbrightDirector
Noble SnowDirector
Steve LaymanSecretary
Cheri HottingerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$198,504
Program Service Revenue
$0
Investment Income
$10,086
Other Revenue
$32,155
All Other Contributions
$88,550
Change in Net Assets
$-63,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$203,379
Salaries, Compensation, and Employee Benefits$100,825
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$93,438--$93,438
Fees for Services Accounting-$11,490-$11,490
Fees for Services Legal$9,522--$9,522
Interest$9,349--$9,349
Payroll Taxes$7,387--$7,387
Insurance$7,156--$7,156
All Other Expenses$597$1,026-$1,623
Other Expenses$1,531--$1,531
Occupancy-$1,200-$1,200
Office Expenses-$997-$997
Conferences and Meetings$982--$982
Advertising$480--$480
Travel$315--$315
Total Functional Expenses$289,491$14,713$0$304,204
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$6,444
Fundraising Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rent Deposits$4,975
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“The organization has agreed to provide economic development services within the city in which the organization is located. Directors of the organization are also employess of the city newark.”

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

“The form 990 is reviewed by the directors prior to its being filed.”

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

“Annual inquiries are made of board members for potential conflicts of interest.”

Form 990, Part VI, Section B, Line 15

“Executive director's compensation is determined by organization's executive committee based upon performance and evaluations.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request from the licking county chamber of commerce.”

Filing and Contact Details

Filer

Filer Name
Newark Development Partners
EIN
46-1551173
Phone
7403493774
Address
PO BOX 3500, NEWARK, OH 43058-3500

Signing Officer

Name
Cheri L Hottinger
Title
Secretary
Phone
7403453431
Signed
2018-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cheri L Hottinger
Formed
2012
Legal Domicile
Oh
Voting Board Members
11
Independent Board Members
11
Employees
0
Volunteers
0

Preparer

Firm
Wilson Shannon & Snow Inc
Address
TEN WEST LOCUST STREET, NEWARK, OH 43055
Preparer
Noble B Snowiiicpa
Phone
7403456611
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt035797
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01534913
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01471454
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0204948
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02040990
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0826381
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0173124
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt087391
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03332834
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.41390
IRS990ScheduleA/PublicSupportPY170Pct00.86710
IRS990ScheduleA/PublicSupportTotal170Amt01379556
IRS990ScheduleA/SubstantialContributorsTotAmt01953278
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0204948
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02040990
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0826381
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0173124
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt087391
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03332834
IRS990ScheduleA/TotalSupportAmt03332834
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0787052
IRS990ScheduleD/BuildingsGrp/DepreciationAmt019993
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0807045
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0193520
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03042
IRS990ScheduleD/OtherLandBuildingsGrp/InvestmentCostOrOtherBasisAmt0196562
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RENT DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0980572
IRS990ScheduleD/TotalLiabilityAmt04975
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION HAS AGREED TO PROVIDE ECONOMIC DEVELOPMENT SERVICES WITHIN THE CITY IN WHICH THE ORGANIZATION IS LOCATED. DIRECTORS OF THE ORGANIZATION ARE ALSO EMPLOYESS OF THE CITY NEWARK.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS REVIEWED BY THE DIRECTORS PRIOR TO ITS BEING FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL INQUIRIES ARE MADE OF BOARD MEMBERS FOR POTENTIAL CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXECUTIVE DIRECTOR'S COMPENSATION IS DETERMINED BY ORGANIZATION'S EXECUTIVE COMMITTEE BASED UPON PERFORMANCE AND EVALUATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DOCUMENTS ARE AVAILABLE UPON REQUEST FROM THE LICKING COUNTY CHAMBER OF COMMERCE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt04082 LTD
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1NDP-195 UNION LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0461551173
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1461234567
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt0250788
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt11003607
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0INVESTMENT HOLDINGS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1CORPORATE OFFICE AND COMMERCIAL RENTALS
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt010086
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt123195
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0PO BOX 3500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1PO BOX 3500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0NEWARK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1NEWARK
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd0430583500
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd1430583500
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01791950
IRS990/TotalAssetsEOYAmt01654488
IRS990/TotalAssetsGrp/BOYAmt01791950
IRS990/TotalAssetsGrp/EOYAmt01654488
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0198504
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt014713
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0289491
IRS990/TotalFunctionalExpensesGrp/TotalAmt0304204
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0257037
IRS990/TotalLiabilitiesEOYAmt0183034
IRS990/TotalLiabilitiesGrp/BOYAmt0257037
IRS990/TotalLiabilitiesGrp/EOYAmt0183034
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01534913
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01471454
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0289491
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt06444
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt035797
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0240745
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01791950
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01654488
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0315
IRS990/TravelGrp/TotalAmt0315
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt0255147
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt0175897
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt050 WEST LOCUST STREET
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd043055
IRS990/VotingMembersGoverningBodyCnt011
IRS990/VotingMembersIndependentCnt011
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0CHERI L HOTTINGER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum07403453431
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-07-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0NEWARK DEVELOPMENT PARTNERS
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0C/O CHERI HOTTINGER
ReturnHeader/Filer/BusinessNameControlTxt0NEWA
ReturnHeader/Filer/EIN0461551173
ReturnHeader/Filer/PhoneNum07403493774

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$1,654,488
Liabilities
$183,034
Net assets
$1,471,454
Revenue
$240,745
Expenses
$304,204
Net income
-$63,459
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.5$3.39$15.1$2.06$0.77$1.29
2023Detailed filing. Detailed filing data is available for this year.$14.5$0.66$13.8$3.30$1.19$2.11
2022Detailed filing. Detailed filing data is available for this year.$12.4$0.66$11.7$0.87$0.72$0.15
2021Detailed filing. Detailed filing data is available for this year.$11.6$0.05$11.5$7.29$0.30$6.99
2020Detailed filing. Detailed filing data is available for this year.$4.55$0.02$4.53$2.81$0.33$2.48
2019Summary only. Only limited summary data is available for this year.$2.12$0.07$2.06$0.76$0.50$0.26
2018Detailed filing. Detailed filing data is available for this year.$1.92$0.12$1.80$0.59$0.26$0.32
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.18$1.47$0.24$0.30$0.06
2016Detailed filing. Detailed filing data is available for this year.$1.52$0.26$1.27$2.11$0.46$1.65
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.68$0.38$0.83$1.26$0.43
2014Detailed filing. Detailed filing data is available for this year.$0.05$0.00$0.05$0.17$0.15$0.03
2013Detailed filing. Detailed filing data is available for this year.$0.02$0.00$0.02$0.09$0.07$0.02