Civic Intelligence

Henderson Vance Downtown Development Commission Inc.

990EZ • Fiscal year 2018 • EIN 58-1727589

Jul 01, 2017 to Jun 30, 2018 • Filed on Jan 13, 2020

207 North Garnett StHenderson, NC 27536

(252) 425-0844

Siviq Scores

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

Liabilities / Assets

51st percentile

0.00x

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

2018 filings • NTEE S • <$500k nonprofits • Source year 2018

Liabilities / Revenue

50th percentile

0.00x

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

2018 filings • NTEE S • <$500k nonprofits • Source year 2018

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2018 filings • NTEE S • <$500k nonprofits • Source year 2018

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.

2018 filings • NTEE S • <$500k nonprofits • Source year 2018

Asset Growth

61st percentile

8.2%

Faster asset growth than 61% of similar nonprofits.

2018 filings • NTEE S • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

20th percentile

-24%

Faster revenue growth than 20% of similar nonprofits.

2018 filings • NTEE S • <$500k nonprofits • Annualized from 2017 to 2018

Assets

Up

$135,997

Up $10,299 (+8.2%) from 2017

Net Assets

$135,997

No earlier filing loaded for comparison.

Liabilities

Flat

$0

Flat from 2017

Revenue

Down

$52,347

Down $16,111 (-24%) from 2017

Expenses

Down

$42,048

Down $21,159 (-33%) from 2017

Net Income

Up

$10,299

Up $5,048 (+96%) from 2017

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

2018

Assets$135,997
Liabilities$0
Net Assets$135,997

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

2018

Revenue$52,347
Expenses$42,048
Net Income$10,299
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Jan 13, 2020
Return Version
2017v2.3
Gross Receipts
$60,082
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$3,942$12,259
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
2524250844
Address
207 NORTH GARNETT ST, HENDERSON, NC 27536

Signing Officer

Name
Daniel White
Title
Treasurer
Phone
2524250844
Signed
2020-01-13
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: 31.

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

Activity classification: facade grants. Grantee name: uncle llews. Grantee address: garnett st henderson, nc 27536. Date of gift: 11/30/17. Amount given: 438.

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

Activity classification: facade grants. Grantee name: next door bistro. Grantee address: garnett st henderson, nc 27536. Date of gift: 11/30/17. Amount given: 113.

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

Activity classification: facade grants. Grantee name: southern classic cars. Grantee address: garnett st henderson, nc 27536. Date of gift: 11/30/17. Amount given: 1710.

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

Activity classification: facade grants. Grantee name: ar perry glass. Grantee address: garnett st henderson, nc 27536. Date of gift: 03/30/18. Amount given: 932.

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

Activity classification: contribution. Grantee name: vance county arts council. Grantee address: 233 s garnett street henderson, nc 27536. Date of gift: 08/09/17. Amount given: 500.

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

Activity classification: contribution. Grantee name: vance county arts council. Grantee address: 233 s garnett street henderson, nc 27536. Date of gift: 03/07/18. Amount given: 250. Total included on form 990-ez, line 10: 3943.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 349. Description: other expenses. Amount: 605. Total to form 990-ez, line 14: 954.

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

Description: holiday decorations. Amount: 4250. Description: insurance. Amount: 1468. Description: website. Amount: 114. Description: advertising and promotions. Amount: 4261. Description: office expense and supplies. Amount: 6411. Description: sales tax. Amount: 18. Description: travel. Amount: 450. Description: meals and entertainment. Amount: 598. Description: dues and subscriptions. Amount: 209. Description: main street expenses. Amount: 4067. Description: taxes & licenses. Amount: 250. Total to form 990-ez, line 16: 22096.

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

Description: revolving loan receivable. Beg. Of year amount: 5555. End of year amount: 5555.

Raw XML Appendix240 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/BooksInCareOfDetail/USAddress/CityNm0HENDERSON
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PHIL HART
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LOIS WILLIAMS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BRIAN PAYNTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ALEC PROCTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MARCUS BARROW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5DANIEL HENDLEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm6PAYLOR SPRUILL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm7MARIA BAILEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm8ALICE SALLINS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm9TOMMY DEADWYLER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm10CURTIS WHITE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm11KADIR OZPEHLIVAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIRMAN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2VICE CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4BOARD MEMBER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5BOARD MEMBER
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IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt05555
IRS990EZ/OtherAssetsTotalDetail/EOYAmt05555
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt022096
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0DOWNTOWN REVITALIZATION
IRS990EZ/PrintingPublicationsPostageAmt023
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PURPOSE 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
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt03942
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt012259
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SpecialEventsNetIncomeLossAmt02175
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt042048
IRS990EZ/TotalProgramServiceExpensesAmt012259
IRS990EZ/TotalRevenueAmt052347
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0HENDERSONNCDOWNTOWN.COM
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt050141
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt066902
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt031721
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt011500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt011500
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 31.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACTIVITY CLASSIFICATION: FACADE GRANTS. GRANTEE NAME: UNCLE LLEWS. GRANTEE ADDRESS: GARNETT ST HENDERSON, NC 27536. DATE OF GIFT: 11/30/17. AMOUNT GIVEN: 438.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACTIVITY CLASSIFICATION: FACADE GRANTS. GRANTEE NAME: NEXT DOOR BISTRO. GRANTEE ADDRESS: GARNETT ST HENDERSON, NC 27536. DATE OF GIFT: 11/30/17. AMOUNT GIVEN: 113.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACTIVITY CLASSIFICATION: FACADE GRANTS. GRANTEE NAME: SOUTHERN CLASSIC CARS. GRANTEE ADDRESS: GARNETT ST HENDERSON, NC 27536. DATE OF GIFT: 11/30/17. AMOUNT GIVEN: 1710.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACTIVITY CLASSIFICATION: FACADE GRANTS. GRANTEE NAME: AR PERRY GLASS. GRANTEE ADDRESS: GARNETT ST HENDERSON, NC 27536. DATE OF GIFT: 03/30/18. AMOUNT GIVEN: 932.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ACTIVITY CLASSIFICATION: CONTRIBUTION. GRANTEE NAME: VANCE COUNTY ARTS COUNCIL. GRANTEE ADDRESS: 233 S GARNETT STREET HENDERSON, NC 27536. DATE OF GIFT: 08/09/17. AMOUNT GIVEN: 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ACTIVITY CLASSIFICATION: CONTRIBUTION. GRANTEE NAME: VANCE COUNTY ARTS COUNCIL. GRANTEE ADDRESS: 233 S GARNETT STREET HENDERSON, NC 27536. DATE OF GIFT: 03/07/18. AMOUNT GIVEN: 250. TOTAL INCLUDED ON FORM 990-EZ, LINE 10: 3943.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7DESCRIPTION: DEPRECIATION. AMOUNT: 349. DESCRIPTION: OTHER EXPENSES. AMOUNT: 605. TOTAL TO FORM 990-EZ, LINE 14: 954.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8DESCRIPTION: HOLIDAY DECORATIONS. AMOUNT: 4250. DESCRIPTION: INSURANCE. AMOUNT: 1468. DESCRIPTION: WEBSITE. AMOUNT: 114. DESCRIPTION: ADVERTISING AND PROMOTIONS. AMOUNT: 4261. DESCRIPTION: OFFICE EXPENSE AND SUPPLIES. AMOUNT: 6411. DESCRIPTION: SALES TAX. AMOUNT: 18. DESCRIPTION: TRAVEL. AMOUNT: 450. DESCRIPTION: MEALS AND ENTERTAINMENT. AMOUNT: 598. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 209. DESCRIPTION: MAIN STREET EXPENSES. AMOUNT: 4067. DESCRIPTION: TAXES & LICENSES. AMOUNT: 250. TOTAL TO FORM 990-EZ, LINE 16: 22096.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DESCRIPTION: REVOLVING LOAN RECEIVABLE. BEG. OF YEAR AMOUNT: 5555. END OF YEAR AMOUNT: 5555.
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 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART I, LINE 10 - GRANTS AND SIMILAR AMOUNTS PAID
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 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/BuildTS02020-09-23 17:36:50Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DANIEL WHITE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02524250844
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-01-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HENDERSON-VANCE DOWNTOWN DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0COMMISSION INC
ReturnHeader/Filer/BusinessNameControlTxt0HEND
ReturnHeader/Filer/EIN0581727589
ReturnHeader/Filer/PhoneNum02524250844
ReturnHeader/Filer/USAddress/AddressLine1Txt0207 NORTH GARNETT ST
ReturnHeader/Filer/USAddress/CityNm0HENDERSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NC
ReturnHeader/Filer/USAddress/ZIPCd027536
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A3084DC4E07E9EDD5BB96ADE5DB7179A3617BB92
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0045F6B40F974D634ECD158C2C801DD24BC1431CD
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0174.108.193.2
ReturnHeader/FilingSecurityInformation/IPDt02020-01-13
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm015:16:42
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/ReturnTs02020-01-15T15:33:26-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-07-01
ReturnHeader/TaxPeriodEndDt02018-06-30
ReturnHeader/TaxYr02017

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