Civic Intelligence

Concord Downtown Development Corporation

EIN 56-1666570 • 501(c)6 • Concord, NC

Profile

The mission of concord downtown development corporation is to enhance the economic, social, and aesthetic values of historic downtown concord through business development, business recruitment, promotion and design, through the leveraging of public and private partnerships.

30 Cabarrus Avenue WConcord, NC 28025

concorddowntown.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

76th percentile

0.12x

Higher debt load relative to assets than 76% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2024

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on the latest valid filing.

Source year 2024

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

54th percentile

0.9%

Faster asset growth than 54% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

2nd percentile

-100%

Faster revenue growth than 2% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$7,291

Up $64 (+0.9%) from 2023

Liabilities

Up

$880

Up $475 (+117%) from 2023

Net Assets

Down

$6,411

Down $411 (-6.0%) from 2023

Operations
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

Down

$0

Down $301 (-100%) from 2023

Expenses

Down

$411

Down $1,657 (-80%) from 2023

Net Income

Up

-$411

Up $1,356 (+77%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth54th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2011: $42,059Liabilities 2011: $1,2932011Assets 2012: $10,918Liabilities 2012: $2,3042012Assets 2013: $10,105Liabilities 2013: $1,576Net Assets 2013: $8,5292013Assets 2014: $20,646Liabilities 2014: $0Net Assets 2014: $20,6462014Assets 2015: $32,568Liabilities 2015: $11,702Net Assets 2015: $20,8662015Assets 2016: $51,586Liabilities 2016: $4,313Net Assets 2016: $47,2732016Assets 2017: $46,359Liabilities 2017: $3,525Net Assets 2017: $42,8342017Assets 2018: $25,190Liabilities 2018: $4,090Net Assets 2018: $21,1002018Assets 2019: $27,760Liabilities 2019: $3,001Net Assets 2019: $24,7592019Assets 2020: $30,598Liabilities 2020: $5,292Net Assets 2020: $25,3062020Assets 2021: $16,693Liabilities 2021: $0Net Assets 2021: $16,6932021Assets 2022: $8,589Liabilities 2022: $0Net Assets 2022: $8,5892022Assets 2023: $7,227Liabilities 2023: $405Net Assets 2023: $6,8222023Assets 2024: $7,291Liabilities 2024: $880Net Assets 2024: $6,4112024

Highlighted filing

2024

Assets$7,291
Liabilities$880
Net Assets$6,411
Open 2024 Filing

Operations Trend

Revenue Growth2nd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KRevenue 2011: $187,521Expenses 2011: $187,393Net Income 2011: $1282011Revenue 2012: $182,287Expenses 2012: $214,439Net Income 2012: -$32,1522012Revenue 2013: $152,793Expenses 2013: $153,253Net Income 2013: -$4602013Revenue 2014: $237,040Expenses 2014: $224,923Net Income 2014: $12,1172014Revenue 2015: $251,180Expenses 2015: $250,960Net Income 2015: $2202015Revenue 2016: $257,378Expenses 2016: $230,971Net Income 2016: $26,4072016Revenue 2017: $251,846Expenses 2017: $256,285Net Income 2017: -$4,4392017Revenue 2018: $257,558Expenses 2018: $279,292Net Income 2018: -$21,7342018Revenue 2019: $237,806Expenses 2019: $234,147Net Income 2019: $3,6592019Revenue 2020: $216,831Expenses 2020: $216,284Net Income 2020: $5472020Revenue 2021: $99,645Expenses 2021: $108,258Net Income 2021: -$8,6132021Revenue 2022: $1,500Expenses 2022: $9,604Net Income 2022: -$8,1042022Revenue 2023: $301Expenses 2023: $2,068Net Income 2023: -$1,7672023Revenue 2024: $0Expenses 2024: $411Net Income 2024: -$4112024

Highlighted filing

2024

Revenue$0
Expenses$411
Net Income-$411
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$7,291
Liabilities
$880
Net assets
$6,411
Revenue
$0
Expenses
$411
Net income
-$411
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.07$0.01$0.06$0.00$0.00$0.00
2023Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.07$0.00$0.02$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.09$0.00$0.09$0.02$0.10$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$1.00$1.08$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.05$0.25$2.17$2.16$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.28$0.03$0.25$2.38$2.34$0.04
2018Detailed filing. Detailed filing data is available for this year.$0.25$0.04$0.21$2.58$2.79$0.22
2017Detailed filing. Detailed filing data is available for this year.$0.46$0.04$0.43$2.52$2.56$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.52$0.04$0.47$2.57$2.31$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.33$0.12$0.21$2.51$2.51$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.21$0.00$0.21$2.37$2.25$0.12
2013Summary only. Only limited summary data is available for this year.$0.10$0.02$0.09$1.53$1.53$0.00
2012Summary only. Only limited summary data is available for this year.$0.11$0.02$1.82$2.14$0.32
2011Summary only. Only limited summary data is available for this year.$0.42$0.01$1.88$1.87$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$0
Mission and Program Overview

Mission

The mission of concord downtown development corporation is to enhance the economic, social, and aesthetic values of historic downtown concord through business development, business recruitment, promotion and design, through the leveraging of public and private partnerships.

Program Services

DescriptionGrantsExpenses
PROVIDE INFORMATION AND PROGRAMS FOR THE COMMUNITY OF CONCORD, NORTH CAROLINA IN ORDER TO PROMOTE AND ASSIST IN THE REDEVELOPMENT, BEAUTIFICATION, AND REVITALIZATION OF THE DOWNTOWN AREA.$0$336
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALAN BISHOPPresident-$0--
PATRICK REILLYImmediate Past President-$0--
LYNN NEALSecretary/Treasurer-$0--
WILL SWINKMember-$0--
PAGE CASTRODALEMember-$0--
GARRETT PRICEMember-$0--
PAM HINSONMember-$0--
SUSIE MORRISCabarrus County Appointed-$0--
GAYLE LEEEx-Officio Member-$0--
STEVE OSBORNEEx-Officio Member-$0--
SGT CURTIS ANDERSONEx-Officio Member-$0--
PAIGE GROCHOSKEManagerFT$0--
Filing and Contact Details

Filer

Filer Name
Concord Downtown Development Corporation
EIN
56-1666570
Phone
7049206132
Address
30 CABARRUS AVENUE W, CONCORD, NC 28025

Signing Officer

Name
Paige Grochoske
Title
Manager
Phone
7049206132
Signed
2025-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Potter & Company Pa
Address
434 COPPERFIELD BLVD NE STE A, CONCORD, NC 28025
Preparer
Daniel Morrow CPA
Phone
7047868189
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: supplies. Amount: 22. Description: miscellaneous . Amount: 75. Description: taxes. Amount: 314. Total to form 990-ez, line 16: 411.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: downtown dollars. Beg. Of year amount: 405. End of year amount: 880.”

Raw XML Appendix157 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.

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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0CONCORD
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt7CABARRUS COUNTY APPOINTED
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt8EX-OFFICIO MEMBER
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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF CONCORD DOWNTOWN DEVELOPMENT CORPORATION IS TO ENHANCE THE ECONOMIC, SOCIAL, AND AESTHETIC VALUES OF HISTORIC DOWNTOWN CONCORD THROUGH BUSINESS DEVELOPMENT, BUSINESS RECRUITMENT, PROMOTION AND DESIGN, THROUGH THE LEVERAGING OF PUBLIC AND PRIVATE PARTNERSHIPS.
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE INFORMATION AND PROGRAMS FOR THE COMMUNITY OF CONCORD, NORTH CAROLINA IN ORDER TO PROMOTE AND ASSIST IN THE REDEVELOPMENT, BEAUTIFICATION, AND REVITALIZATION OF THE DOWNTOWN AREA.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
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IRS990EZ/WebsiteAddressTxt0CONCORDDOWNTOWN.COM
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: SUPPLIES. AMOUNT: 22. DESCRIPTION: MISCELLANEOUS . AMOUNT: 75. DESCRIPTION: TAXES. AMOUNT: 314. TOTAL TO FORM 990-EZ, LINE 16: 411.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DOWNTOWN DOLLARS. BEG. OF YEAR AMOUNT: 405. END OF YEAR AMOUNT: 880.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE 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/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/SignatureDt02025-05-15
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ReturnHeader/Filer/EIN0561666570
ReturnHeader/Filer/PhoneNum07049206132
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ReturnHeader/PreparerPersonGrp/PhoneNum07047868189
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL MORROW CPA
ReturnHeader/ReturnTs02025-05-15T10:25:51-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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