Downtown Norfolk Fund

990EZ • Fiscal year 2013 • EIN 54-1472420

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 22, 2013

Organization Profile N/A

201 Granby Street No 10123510

Siviq Scores

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

1.43x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

8.60x

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-332%

Higher net margin than 2% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

No value available

This filing does not contain officer compensation rows.

Source year 2013

-33%

Faster asset growth than 14% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

-95%

Faster revenue growth than 2% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets96th percentile

Assets

Down

$35,463

Down $17,400 (-33%) from 2012

Net Assets

Down

-$15,088

Down $19,495 (-442%) from 2012

Liabilities

$50,551

Up $2,095 (+4.3%) from 2012

Revenue And Expenses

Liabilities / Revenue99th percentile Net Margin2nd percentile

Revenue

Down

$5,875

Down $101,055 (-95%) from 2012

Expenses

Down

$25,370

Down $78,520 (-76%) from 2012

Net Income

Down

-$19,495

Down $22,535 (-741%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

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

Highlighted filing

2013

Assets$35,463

Liabilities$50,551

Net Assets-$15,088

Open 2013 Filing

Operations Trend

Revenue Growth2nd percentile

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

Highlighted filing

2013

Revenue$5,875

Expenses$25,370

Net Income-$19,495

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jul 1, 2012 to Jun 30, 2013
Signed: Oct 22, 2013
Return Version: 2012v2.1

Mission and Program Overview

Mission

To provide a vehicle to accept charitable giving and grant funding throughout the year.

Filing and Contact Details

Filer

EIN: 54-1472420

Raw XML Appendix193 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
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IRS990EZ/AmountOfTaxImposedOnOrgMgr	0	0
IRS990EZ/AmountOfTaxReimbursedByOrg	0	0
IRS990EZ/CashSavingsAndInvestments/BOY	0	15963
IRS990EZ/CashSavingsAndInvestments/EOY	0	35463
IRS990EZ/ContributionsGiftsGrantsEtc	0	5875
IRS990EZ/DirectIndirectPoliticalExpend	0	0
IRS990EZ/DoesOrgHaveHospital	0	0
IRS990EZ/EngagedInExcessBenefitTrans	0	0
IRS990EZ/EngageInLobbyingActivities	0	0
IRS990EZ/EngagePoliticalCmpgnActivities	0	0
IRS990EZ/ExcessOrDeficitForYear	0	-19495
IRS990EZ/FeesAndOthPymtToIndContractors	0	13846
IRS990EZ/FiledScheduleA	0	1
IRS990EZ/ForeignFinancialAccount	0	0
IRS990EZ/ForeignOffice	0	0
IRS990EZ/GrossReceipts	0	5875
IRS990EZ/GrossReceiptsLessThan25000	0	X
IRS990EZ/InfoInScheduleOPartI	0	X
IRS990EZ/InfoInScheduleOPartII	0	X
IRS990EZ/InfoInScheduleOPartIII	0	X
IRS990EZ/InfoInScheduleOPartIV	0	X
IRS990EZ/InfoInScheduleOPartV	0	X
IRS990EZ/MadeChangesToOrgnzngEtcDoc	0	0
IRS990EZ/MadeLoansToFromOfficers	0	0
IRS990EZ/MaintainAnyDonorAdvisedFunds	0	0
IRS990EZ/MethodOfAccountingAccrual	0	X
IRS990EZ/NetAssetsOrFundBalances/BOY	0	4407
IRS990EZ/NetAssetsOrFundBalancesBOY	0	4407
IRS990EZ/NetAssetsOrFundBalances/EOY	0	-15088
IRS990EZ/NetAssetsOrFundBalancesEOY	0	-15088
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	0	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	1	1.00
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	3	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	4	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	5	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	6	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	7	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	8	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	9	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	10	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/AvgHoursPerWkDevotedToPosition	11	1.00
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	4	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	5	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	6	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	7	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	8	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	9	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	10	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Compensation	11	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	4	0
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	7	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	8	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	9	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	10	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ContriToEmplBenefitPlansEtc	11	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	0	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	1	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	2	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	3	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	4	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	5	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	6	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	7	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	8	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	9	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	10	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/ExpenseAccountOtherAllowances	11	0
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	0	DONNA M PHANEUF
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	1	JAMES M WOFFORD
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	2	PETER J HENRY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	3	ANNE PHILLIPS
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	4	BARRY POLLARA
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	5	BRUCE BISHOP
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	6	CHELSY CARTER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	7	CHRISTOPHER LAWRENCE
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	8	DREW UNGVARSKY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	9	GREGORY RECK
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	10	JERRY COLLIER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName	11	LINDA MARKERT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	0	IMMEDIATE PAST CHAIR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	1	VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	2	TREASURER
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	3	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	4	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	5	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	6	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	7	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	8	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	9	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	10	DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title	11	DIRECTOR
IRS990EZ/OperatingSchool	0	0
IRS990EZ/Organization501c3	0	X
IRS990EZ/OrganizationDissolvedEtc	0	0
IRS990EZ/OrganizationHadUBI	0	0
IRS990EZ/OtherAssetsTotal/BOY	0	36900
IRS990EZ/OtherAssetsTotal/EOY	0	0
IRS990EZ/OtherChangesInNetAssets	0	0
IRS990EZ/OtherExpensesTotal	0	11524
IRS990EZ/PartVIAHghstPaidCntrctProfSer	0	NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl	0	NONE
IRS990EZ/PrimaryExemptPurpose	0	TO PROVIDE A VEHICLE TO ACCEPT CHARITABLE GIVING AND GRANT FUNDING THROUGHOUT THE YEAR.
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom	0	THE PLOT IS A TEMPORARY PARK LOCATED IN THE HEART OF DOWNTOWN NORFOLK. IT BRINGS NEW LIFE TO THE FORMER WESTIN SITE AN THE CITY BY PROVIDING A TEMPORARY COMMONS COMPLETE WITH AN ENTERTAINMENT AMPHITHEATER, SPACE FOR VENDORS AND PUBLIC ART; PROVIDING THE PERFECT SETTING TO SIT AND CATCH UP WITH FRIENDS, TAKE THE DOG FOR A WALK, OR RELAX IN THE SHADE.
IRS990EZ/ProgramServiceAccomplishment/GrantsAndAllocations	0	0
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses	0	13846
IRS990EZ/ProhibitedTaxShelterTrans	0	0
IRS990EZ/RelatedOrgControlledEntity	0	0
IRS990EZ/ScheduleBNotRequired	0	X
IRS990EZ/StatesWhereCopyOfReturnIsFiled	0	VA
IRS990EZ/SubjectToProxyTax	0	0
IRS990EZ/SumOfTotalLiabilities/BOY	0	48456
IRS990EZ/SumOfTotalLiabilities/EOY	0	50551
IRS990EZ/TanningServicesProvided	0	0
IRS990EZ/TaxImposedUnderIRC4911	0	0
IRS990EZ/TaxImposedUnderIRC4912	0	0
IRS990EZ/TaxImposedUnderIRC4955	0	0
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine1	0	201 GRANBY STREET NO 101
IRS990EZ/TheBooksAreInCareOf/AddressUS/City	0	NORFOLK
IRS990EZ/TheBooksAreInCareOf/AddressUS/State	0	VA
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode	0	23510
IRS990EZ/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1	0	MARY MILLER
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber	0	7576231757
IRS990EZ/TotalAssets/BOY	0	52863
IRS990EZ/TotalAssets/EOY	0	35463
IRS990EZ/TotalExpenses	0	25370
IRS990EZ/TotalProgramServiceExpenses	0	13846
IRS990EZ/TotalRevenue	0	5875
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg	0	0
IRS990EZ/WebSite	0	N/A
IRS990ScheduleA/ContribBy35ControlledEntity	0	0
IRS990ScheduleA/ContribByControllingIndividual	0	0
IRS990ScheduleA/ContributionByRelatedParty	0	0
IRS990ScheduleA/SumOfAmounts	0	0
IRS990ScheduleA/SupportedOrgInformation/Amount	0	0
IRS990ScheduleA/SupportedOrgInformation/EIN	0	541122850
IRS990ScheduleA/SupportedOrgInformation/ListedInGoverningDoc	0	1
IRS990ScheduleA/SupportedOrgInformation/Name/BusinessNameLine1	0	DOWNTOWN NORFOLK DEVELOPMENT CORP TA DOWNTOWN NORFOLK COUNCIL
IRS990ScheduleA/SupportedOrgInformation/OrganizedInUS	0	1
IRS990ScheduleA/SupportedOrgInformation/SupportedOrganizationNotified	0	1
IRS990ScheduleA/SupportedOrgInformation/TypeOfOrganization	0	501(C)(6)
IRS990ScheduleA/SupportingOrg509a3Type2	0	X
IRS990ScheduleA/SupportingOrganization509a3	0	X
IRS990ScheduleA/TotalNumberOfSupportedOrgs	0	1
IRS990ScheduleO/GeneralExplanation/Explanation	0	DESCRIPTION: BANK CHARGES. AMOUNT: 24. DESCRIPTION: BAD DEBT EXPENSE. AMOUNT: 11,500. TOTAL TO FORM 990-EZ, LINE 16: 11,524.
IRS990ScheduleO/GeneralExplanation/Explanation	1	DESCRIPTION: PETTY CASH. BEG. OF YEAR AMOUNT: 100. END OF YEAR AMOUNT: 0. DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 36,800. END OF YEAR AMOUNT: 0.
IRS990ScheduleO/GeneralExplanation/Explanation	2	DESCRIPTION: ACCOUNTS PAYABLE. BEG. OF YEAR AMOUNT: 48,456. END OF YEAR AMOUNT: 50,551.
IRS990ScheduleO/GeneralExplanation/Identifier	0	OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier	1	OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier	2	OTHER LIABILITIES
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990-EZ, PART II, LINE 26
TransferPrsnlBnftContractsDecl/Declaration	0	THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/BuildTS	0	2015-11-30 17:44:51Z
ReturnHeader/Filer/EIN	0	541472420
ReturnHeader/Filer/Name/BusinessNameLine1	0	DOWNTOWN NORFOLK FUND
ReturnHeader/Filer/NameControl	0	DOWN
ReturnHeader/Filer/Phone	0	7576231757
ReturnHeader/Filer/USAddress/AddressLine1	0	201 GRANBY STREET NO 101
ReturnHeader/Filer/USAddress/City	0	NORFOLK
ReturnHeader/Filer/USAddress/State	0	VA
ReturnHeader/Filer/USAddress/ZIPCode	0	23510
ReturnHeader/Officer/AuthorizeThirdParty	0	1
ReturnHeader/Officer/DateSigned	0	2013-10-22
ReturnHeader/Officer/Name	0	MARY MILLER
ReturnHeader/Officer/Phone	0	7576231757
ReturnHeader/Officer/Title	0	PRESIDENT/CORPORATE SECRETARY
ReturnHeader/Preparer/DatePrepared	0	2013-10-09
ReturnHeader/PreparerFirm/EIN	0	541517420
ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1	0	WALL EINHORN & CHERNITZER PC
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1	0	555 E MAIN ST SUITE 1600
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City	0	NORFOLK
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State	0	VA
ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode	0	23510
ReturnHeader/Preparer/Name	0	JULIE L SOKOLOWSKI
ReturnHeader/Preparer/Phone	0	7576254700
ReturnHeader/ReturnType	0	990EZ
ReturnHeader/TaxPeriodBeginDate	0	2012-07-01
ReturnHeader/TaxPeriodEndDate	0	2013-06-30
ReturnHeader/TaxYear	0	2012
ReturnHeader/Timestamp	0	2013-11-15T14:23:05-06:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $35,463
Liabilities: $50,551
Net assets: -$15,088
Revenue: $5,875
Expenses: $25,370
Net income: -$19,495

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$1.30	$0.00	$1.30	$0.29	$0.07	$0.22
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.10	$0.02	$1.08	$0.07	$0.21	$0.15
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.23	$0.00	$1.23	$1.06	$0.16	$0.89
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.24	$0.91	$0.34	$0.11	$0.11	$0.00
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.79	$0.45	$0.34	$0.04	$0.17	$0.13
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.92	$0.45	$0.47	$0.24	$0.27	$0.03
2019Detailed filing. Detailed filing data is available for this year.	$0.95	$0.45	$0.49	$0.39	$0.44	$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.00	$0.45	$0.55	$0.70	$1.05	$0.35
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.35	$0.45	$0.90	$0.29	$0.29	$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.34	$0.45	$0.89	$0.66	$0.44	$0.22
2015Detailed filing. Detailed filing data is available for this year.	$1.12	$0.45	$0.67	$0.91	$0.06	$0.85
2014Detailed filing. Detailed filing data is available for this year.	$0.59	$0.77	$0.18	$0.38	$0.40	$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.35	$0.51	$0.15	$0.06	$0.25	$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.53	$0.48	$0.04	$1.07	$1.04	$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$0.01		$0.01