Civic Intelligence

Henderson Vance Downtown Development Commission Inc.

990EZ • Fiscal year 2021 • EIN 58-1727589

Jul 01, 2020 to Jun 30, 2021 • Filed on Aug 23, 2021

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

50th percentile

0.00x

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

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Liabilities / Revenue

50th percentile

0.00x

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

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Net Margin

87th percentile

54%

Higher net margin than 87% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Top Officer Pay

80th percentile

$0

Higher top officer pay than 80% of similar nonprofits.

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

2021 filings • NTEE S • <$500k nonprofits • Source year 2021

Asset Growth

55th percentile

9.7%

Faster asset growth than 55% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

30th percentile

-20%

Faster revenue growth than 30% of similar nonprofits.

2021 filings • NTEE S • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$186,660

Up $16,462 (+9.7%) from 2020

Net Assets

Up

$186,660

Up $16,462 (+9.7%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue

Down

$30,260

Down $7,411 (-20%) from 2020

Expenses

Down

$13,798

Down $10,791 (-44%) from 2020

Net Income

Up

$16,462

Up $3,380 (+26%) from 2020

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

2021

Assets$186,660
Liabilities$0
Net Assets$186,660

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

2021

Revenue$30,260
Expenses$13,798
Net Income$16,462
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Aug 23, 2021
Return Version
2020v4.1
Gross Receipts
$30,260
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$0$2,153
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEPHEN PEARSONChairman-$0--
PATTY MCANALLYSecretary-$0--
DANIEL WHITEBoard Member-$0--
RON CAVABoard Member-$0--
BONNY STRANGETreasurer-$0--
BENNY FINCHBoard Member-$0--
ALICE SALLINSBoard Member-$0--
RIX EDWARDSBoard Member-$0--
AMANDA ELLISBoard Member-$0--
KATHY CAUDLEBoard Member-$0--
RUXTON BOBBITTBoard Member-$0--
PAUL HARVINBoard 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
Bonny Strange
Title
Treasurer
Phone
2524250844
Signed
2021-08-23
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: 10.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 351. Description: other expenses. Amount: 50. Total to form 990-ez, line 14: 401.

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

Description: advertising and promotions. Amount: 4024. Description: office expense and supplies. Amount: 662. Description: orange street parking lot. Amount: 643. Description: main street expenses. Amount: 1510. Description: dues and subscriptions. Amount: 302. Description: accounting software. Amount: 645. Description: insurance. Amount: 3044. Description: halloween promotion. Amount: 181. Description: website. Amount: 180. Total to form 990-ez, line 16: 11191.

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 Appendix222 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/OperateHospitalInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 10.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: DEPRECIATION. AMOUNT: 351. DESCRIPTION: OTHER EXPENSES. AMOUNT: 50. TOTAL TO FORM 990-EZ, LINE 14: 401.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: ADVERTISING AND PROMOTIONS. AMOUNT: 4024. DESCRIPTION: OFFICE EXPENSE AND SUPPLIES. AMOUNT: 662. DESCRIPTION: ORANGE STREET PARKING LOT. AMOUNT: 643. DESCRIPTION: MAIN STREET EXPENSES. AMOUNT: 1510. DESCRIPTION: DUES AND SUBSCRIPTIONS. AMOUNT: 302. DESCRIPTION: ACCOUNTING SOFTWARE. AMOUNT: 645. DESCRIPTION: INSURANCE. AMOUNT: 3044. DESCRIPTION: HALLOWEEN PROMOTION. AMOUNT: 181. DESCRIPTION: WEBSITE. AMOUNT: 180. TOTAL TO FORM 990-EZ, LINE 16: 11191.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: 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 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 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.
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0BONNY STRANGE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02524250844
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-23
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/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/ReturnTs02021-08-23T13:17:35-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0BONNY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0STRANGE
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

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Filings