Civic Intelligence

Henderson Vance Downtown Development Commission Inc.

990EZ • Fiscal year 2016 • EIN 58-1727589

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 02, 2017

PO Box 1434 134 Rose AveHenderson, NC 27536

(252) 492-2181

Siviq Scores

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

Liabilities / Assets

50th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Liabilities / Revenue

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Net Margin

91st percentile

46%

Higher net margin than 91% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • NTEE S • <$500k nonprofits • Source year 2016

Asset Growth

67th percentile

14%

Faster asset growth than 67% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

96th percentile

163%

Faster revenue growth than 96% of similar nonprofits.

2016 filings • NTEE S • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$120,447

Up $14,746 (+14%) from 2015

Net Assets

Up

$120,447

Up $14,746 (+14%) from 2015

Liabilities

Flat

$0

Flat from 2015

Revenue

Up

$31,925

Up $19,771 (+163%) from 2015

Expenses

Up

$17,179

Up $10,299 (+150%) from 2015

Net Income

Up

$14,746

Up $9,472 (+180%) from 2015

Historical Trend

Balance Sheet Trend

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

$400K$300K$200K$100K$0Assets 2012: $368,913Liabilities 2012: $02012Assets 2013: $363,837Liabilities 2013: $02013Assets 2014: $100,429Liabilities 2014: $0Net Assets 2014: $100,4292014Assets 2015: $105,701Liabilities 2015: $0Net Assets 2015: $105,7012015Assets 2016: $120,447Liabilities 2016: $0Net Assets 2016: $120,4472016Assets 2017: $125,698Liabilities 2017: $02017Assets 2018: $135,997Liabilities 2018: $0Net Assets 2018: $135,9972018Assets 2019: $157,116Liabilities 2019: $0Net Assets 2019: $157,1162019Assets 2020: $170,198Liabilities 2020: $0Net Assets 2020: $170,1982020Assets 2021: $186,660Liabilities 2021: $0Net Assets 2021: $186,6602021Assets 2022: $177,752Liabilities 2022: $0Net Assets 2022: $177,7522022Assets 2023: $170,505Liabilities 2023: $0Net Assets 2023: $170,5052023

Highlighted filing

2016

Assets$120,447
Liabilities$0
Net Assets$120,447

Operations Trend

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

$100K$0-$100K-$200K-$300KRevenue 2012: $78,114Expenses 2012: $34,069Net Income 2012: $44,0452012Revenue 2013: $11,431Expenses 2013: $16,507Net Income 2013: -$5,0762013Revenue 2014: -$245,443Expenses 2014: $17,965Net Income 2014: -$263,4082014Revenue 2015: $12,154Expenses 2015: $6,880Net Income 2015: $5,2742015Revenue 2016: $31,925Expenses 2016: $17,179Net Income 2016: $14,7462016Revenue 2017: $68,458Expenses 2017: $63,207Net Income 2017: $5,2512017Revenue 2018: $52,347Expenses 2018: $42,048Net Income 2018: $10,2992018Revenue 2019: $46,687Expenses 2019: $25,568Net Income 2019: $21,1192019Revenue 2020: $37,671Expenses 2020: $24,589Net Income 2020: $13,0822020Revenue 2021: $30,260Expenses 2021: $13,798Net Income 2021: $16,4622021Revenue 2022: $33,579Expenses 2022: $42,487Net Income 2022: -$8,9082022Revenue 2023: $31,670Expenses 2023: $38,917Net Income 2023: -$7,2472023

Highlighted filing

2016

Revenue$31,925
Expenses$17,179
Net Income$14,746
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$31,925
Mission and Program Overview

Mission

DOWNTOWN REVITALIZATION

Program Services

DescriptionGrantsExpenses
PURPOSE OF COMMISSION IS TO RECEIVE AND MAINTAIN A FUND OF REAL OR PERSONAL PROPERTY TO USE AND APPLY THE WHOLE OR ANY PART OF INCOME TO COUNTER ECONOMIC AND SOCIAL DETERIORATION$4,627$12,551
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
PHIL HARTChairman-$0--
LOIS WILLIAMSTreasurer-$0--
BRIAN PAYNTERVice Chair-$0--
ALEC PROCTORSecretary-$0--
MARCUS BARROWBoard Member-$0--
DANIEL HENDLEYBoard Member-$0--
PAYLOR SPRUILLBoard Member-$0--
MARIA BAILEYBoard Member-$0--
ALICE SALLINSBoard Member-$0--
TOMMY DEADWYLERBoard Member-$0--
CURTIS WHITEBoard Member-$0--
KADIR OZPEHLIVANBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Henderson-vance Downtown Development
EIN
58-1727589
Phone
2524922181
Address
PO BOX 1434 134 ROSE AVE, HENDERSON, NC 27536

Signing Officer

Name
Phil Hart
Title
President
Phone
2524922181
Signed
2017-02-02
Discuss with paid preparer
Yes

Preparer

Firm
William L Stark and Company
Address
POST OFFICE BOX 911, HENDERSON, NC 27536
Preparer
M Curtis Averette Jr
Phone
2524920008
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 42.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: facade grants. Grantee name: henderson vance chamber of commerce. Grantee address: garnett st henderson , nc 27536. Date of gift: 01/11/16. Amount given: 2049.

Form 990-ez, Part I, Line 10 - Grants and Similar Amounts Paid

Activity classification: facade grants. Grantee name: mainstreet marketplace. Grantee address: garnett st henderson, nc 27536. Date of gift: 04/21/16. Amount given: 2578. Total included on form 990-ez, line 10: 4627.

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

Description: holiday decorations & supplies. Amount: 4249. Description: insurance. Amount: 1454. Description: website. Amount: 480. Description: advertising. Amount: 120. Description: office expense. Amount: 348. Total to form 990-ez, line 16: 6651.

Form 990-ez, Part II, Line 24 - Other Assets

Description: revolving loan receivable. Beg. Of year amount: 5555. End of year amount: 5555. Description: construction in progress. Beg. Of year amount: 0. End of year amount: 11689.

Raw XML Appendix214 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/OfficerDirectorTrusteeEmplGrp/PersonNm3ALEC PROCTOR
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IRS990EZ/Organization501c3Ind0X
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IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
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IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HENDERSONNCDOWNTOWN.COM
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 42.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: FACADE GRANTS. GRANTEE NAME: HENDERSON VANCE CHAMBER OF COMMERCE. GRANTEE ADDRESS: GARNETT ST HENDERSON , NC 27536. DATE OF GIFT: 01/11/16. AMOUNT GIVEN: 2049.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: FACADE GRANTS. GRANTEE NAME: MAINSTREET MARKETPLACE. GRANTEE ADDRESS: GARNETT ST HENDERSON, NC 27536. DATE OF GIFT: 04/21/16. AMOUNT GIVEN: 2578. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 4627.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: HOLIDAY DECORATIONS & SUPPLIES. AMOUNT: 4249. DESCRIPTION: INSURANCE. AMOUNT: 1454. DESCRIPTION: WEBSITE. AMOUNT: 480. DESCRIPTION: ADVERTISING. AMOUNT: 120. DESCRIPTION: OFFICE EXPENSE. AMOUNT: 348. TOTAL TO FORM 990-EZ, LINE 16: 6651.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: REVOLVING LOAN RECEIVABLE. BEG. OF YEAR AMOUNT: 5555. END OF YEAR AMOUNT: 5555. DESCRIPTION: CONSTRUCTION IN PROGRESS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 11689.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
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/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PHIL HART
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02524922181
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-02-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HENDERSON-VANCE DOWNTOWN DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMMISSION INC
ReturnHeader/Filer/BusinessNameControlTxt0HEND
ReturnHeader/Filer/EIN0581727589
ReturnHeader/Filer/PhoneNum02524922181
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1434 134 ROSE AVE
ReturnHeader/Filer/USAddress/CityNm0HENDERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027536
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561342467
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WILLIAM L STARK AND COMPANY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0POST OFFICE BOX 911
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HENDERSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027536
ReturnHeader/PreparerPersonGrp/PhoneNum02524920008
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0M CURTIS AVERETTE JR
ReturnHeader/ReturnTs02017-02-03T13:58:27-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-07-01
ReturnHeader/TaxPeriodEndDt02016-06-30
ReturnHeader/TaxYr02015

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