Civic Intelligence

Downtown Development Inc

EIN 71-0553212 • 501(c)4 • Bentonville, AR

Profile

Downtown development, inc. Was formed to carry on all phases of business relating to the civic, charitable, patriotic, cultural, professional, commercial, and industrial improvement and preservation of the city of bentonville, benton county, arkansas. Downtown development purchases real estate to be sold at a later date to the city of bentonville or other governmental unit for civic or industrial development.

PO Box 1860Bentonville, AR 71712

n/A

Siviq Scores

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

Liabilities / Assets

59th percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

60th percentile

0.00x

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

501(c)4 • <$500k nonprofits • Source year 2023

Net Margin

29th percentile

-11%

Higher net margin than 29% of similar nonprofits.

501(c)4 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

22nd percentile

-24%

Faster asset growth than 22% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

12th percentile

-57%

Faster revenue growth than 12% of similar nonprofits.

501(c)4 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$3,338

Down $1,052 (-24%) from 2022

Liabilities

Flat

$0

Flat from 2022

Net Assets

Down

$3,338

Down $1,052 (-24%) from 2022

Operations
Liabilities / Revenue60th percentileNet Margin29th percentile

Revenue

Down

$9,405

Down $12,407 (-57%) from 2022

Expenses

Down

$10,457

Down $19,755 (-65%) from 2022

Net Income

Up

-$1,052

Up $7,348 (+87%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth22nd percentile

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

$1.5M$1.0M$500K$0Assets 2014: $1,070,126Liabilities 2014: $938,353Net Assets 2014: $131,7732014Assets 2015: $1,080,925Liabilities 2015: $938,230Net Assets 2015: $142,6952015Assets 2016: $1,076,596Liabilities 2016: $938,540Net Assets 2016: $138,0562016Assets 2017: $1,074,496Liabilities 2017: $937,657Net Assets 2017: $136,8392017Assets 2018: $1,111,465Liabilities 2018: $935,000Net Assets 2018: $176,4652018Assets 2019: $1,087,062Liabilities 2019: $948,213Net Assets 2019: $138,8492019Assets 2020: $1,075,538Liabilities 2020: $1,009,927Net Assets 2020: $65,6112020Assets 2021: $1,095,066Liabilities 2021: $1,082,276Net Assets 2021: $12,7902021Assets 2022: $4,390Liabilities 2022: $0Net Assets 2022: $4,3902022Assets 2023: $3,338Liabilities 2023: $0Net Assets 2023: $3,3382023

Highlighted filing

2023

Assets$3,338
Liabilities$0
Net Assets$3,338
Open 2023 Filing

Operations Trend

Revenue Growth12th percentile

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

$100K$50K$0-$50K-$100KRevenue 2014: $89,222Expenses 2014: $50,484Net Income 2014: $38,7382014Revenue 2015: $61,208Expenses 2015: $50,286Net Income 2015: $10,9222015Revenue 2016: $64,210Expenses 2016: $68,849Net Income 2016: -$4,6392016Revenue 2017: $61,955Expenses 2017: $63,172Net Income 2017: -$1,2172017Revenue 2018: $84,838Expenses 2018: $45,212Net Income 2018: $39,6262018Revenue 2019: $40,878Expenses 2019: $78,494Net Income 2019: -$37,6162019Revenue 2020: $5,516Expenses 2020: $78,754Net Income 2020: -$73,2382020Revenue 2021: $1Expenses 2021: $52,822Net Income 2021: -$52,8212021Revenue 2022: $21,812Expenses 2022: $30,212Net Income 2022: -$8,4002022Revenue 2023: $9,405Expenses 2023: $10,457Net Income 2023: -$1,0522023

Highlighted filing

2023

Revenue$9,405
Expenses$10,457
Net Income-$1,052
Open 2023 Filing

Filings

Most recent year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,338
Liabilities
$0
Net assets
$3,338
Revenue
$9,405
Expenses
$10,457
Net income
-$1,052
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.01$0.01$0.00
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.02$0.03$0.01
2021Detailed filing. Detailed filing data is available for this year.$1.10$1.08$0.01$0.00$0.05$0.05
2020Detailed filing. Detailed filing data is available for this year.$1.08$1.01$0.07$0.01$0.08$0.07
2019Detailed filing. Detailed filing data is available for this year.$1.09$0.95$0.14$0.04$0.08$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.11$0.94$0.18$0.08$0.05$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.94$0.14$0.06$0.06$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.08$0.94$0.14$0.06$0.07$0.00
2015Summary only. Only limited summary data is available for this year.$1.08$0.94$0.14$0.06$0.05$0.01
2014Summary only. Only limited summary data is available for this year.$1.07$0.94$0.13$0.09$0.05$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Aug 1, 2022 to Jul 31, 2023
Signed
Feb 16, 2024
Return Version
2022v5.0
Gross Receipts
$9,405
Mission and Program Overview

Mission

Downtown development, inc. Was formed to carry on all phases of business relating to the civic, charitable, patriotic, cultural, professional, commercial, and industrial improvement and preservation of the city of bentonville, benton county, arkansas. Downtown development purchases real estate to be sold at a later date to the city of bentonville or other governmental unit for civic or industrial development. As of 7/31/17 downtown development was holding two pieces of real estate. Downtown development purchases property to work on rezoning and/or until the city or other governmental unit appropriates funds for purchase of the property from downtown development.

Downtown development, inc. Was formed to carry on all phases of business relating to the civic, charitable, patriotic, cultural, professional, commercial, and industrial improvement and preservation of the city of bentonville, benton county, arkansas. Downtown development purchases real estate to be sold at a later date to the city of bentonville or other governmental unit for civic or industrial development.

Program Services

DescriptionGrantsExpenses
DOWNTOWN DEVELOPMENT, INC. WAS FORMED TO CARRY ON ALL PHASES OF BUSINESS RELATING TO THE CIVIC, CHARITABLE, PATRIOTIC, CULTURAL, PROFESSIONAL, COMMERCIAL, AND INDUSTRIAL IMPROVEMENT AND PRESERVATION OF THE CITY OF BENTONVILLE, BENTON COUNTY, ARKANSAS. DOWNTOWN DEVELOPMENT PURCHASES REAL ESTATE TO BE SOLD AT A LATER DATE TO THE CITY OF BENTONVILLE OR OTHER GOVERNMENTAL UNIT FOR CIVIC OR INDUSTRIAL DEVELOPMENT.-$4,393
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOHNNY HANEYPresident-$0--
DEBBIE MATTERIVice President-$0--
BRENDA ANDERSONSecretary/Treasurer-$0--
Filing and Contact Details

Filer

Filer Name
Downtown Development Inc
EIN
71-0553212
Address
PO BOX 1860, BENTONVILLE, AR 71712

Signing Officer

Name
Johnny Haney
Title
President
Signed
2024-02-16
Discuss with paid preparer
Yes

Preparer

Firm
Walton Enterprises LLC
Address
PO BOX 1860, BENTONVILLE, AR 72712
Preparer
Luke C Mitchell
Phone
4794641500
Supplemental Narrative

Additional Explanations

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

“Accounting fees - 5654; legal services - 410; management fees - 4393;”

Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE

“Downtown development, inc. Was formed to carry on all phases of business relating to the civic, charitable, patriotic, cultural, professional, commercial, and industrial improvement and preservation of the city of bentonville, benton county, arkansas. Downtown development purchases real estate to be sold at a later date to the city of bentonville or other governmental unit for civic or industrial development.”

Form 990EZ, Part III, Line 28 DESCRIPTION OF OTHER PROGRAM SERVICES

“Downtown development, inc. Was formed to carry on all phases of business relating to the civic, charitable, patriotic, cultural, professional, commercial, and industrial improvement and preservation of the city of bentonville, benton county, arkansas. Downtown development purchases real estate to be sold at a later date to the city of bentonville or other governmental unit for civic or industrial development.”

Raw XML Appendix117 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/PhoneNum04794641500
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1860
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BENTONVILLE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AR
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd072712
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IRS990EZ/ExcessOrDeficitForYearAmt0-1052
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IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.000
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2BRENDA ANDERSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1VICE PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY/TREASURER
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
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IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt010457
IRS990EZ/OtherRevenueTotalAmt00
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0DOWNTOWN DEVELOPMENT, INC. WAS FORMED TO CARRY ON ALL PHASES OF BUSINESS RELATING TO THE CIVIC, CHARITABLE, PATRIOTIC, CULTURAL, PROFESSIONAL, COMMERCIAL, AND INDUSTRIAL IMPROVEMENT AND PRESERVATION OF THE CITY OF BENTONVILLE, BENTON COUNTY, ARKANSAS. DOWNTOWN DEVELOPMENT PURCHASES REAL ESTATE TO BE SOLD AT A LATER DATE TO THE CITY OF BENTONVILLE OR OTHER GOVERNMENTAL UNIT FOR CIVIC OR INDUSTRIAL DEVELOPMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0DOWNTOWN DEVELOPMENT, INC. WAS FORMED TO CARRY ON ALL PHASES OF BUSINESS RELATING TO THE CIVIC, CHARITABLE, PATRIOTIC, CULTURAL, PROFESSIONAL, COMMERCIAL, AND INDUSTRIAL IMPROVEMENT AND PRESERVATION OF THE CITY OF BENTONVILLE, BENTON COUNTY, ARKANSAS. DOWNTOWN DEVELOPMENT PURCHASES REAL ESTATE TO BE SOLD AT A LATER DATE TO THE CITY OF BENTONVILLE OR OTHER GOVERNMENTAL UNIT FOR CIVIC OR INDUSTRIAL DEVELOPMENT.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt04393
IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
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IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt010457
IRS990EZ/TotalProgramServiceExpensesAmt04393
IRS990EZ/TotalRevenueAmt09405
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING FEES - 5654; LEGAL SERVICES - 410; MANAGEMENT FEES - 4393;
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DOWNTOWN DEVELOPMENT, INC. WAS FORMED TO CARRY ON ALL PHASES OF BUSINESS RELATING TO THE CIVIC, CHARITABLE, PATRIOTIC, CULTURAL, PROFESSIONAL, COMMERCIAL, AND INDUSTRIAL IMPROVEMENT AND PRESERVATION OF THE CITY OF BENTONVILLE, BENTON COUNTY, ARKANSAS. DOWNTOWN DEVELOPMENT PURCHASES REAL ESTATE TO BE SOLD AT A LATER DATE TO THE CITY OF BENTONVILLE OR OTHER GOVERNMENTAL UNIT FOR CIVIC OR INDUSTRIAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DOWNTOWN DEVELOPMENT, INC. WAS FORMED TO CARRY ON ALL PHASES OF BUSINESS RELATING TO THE CIVIC, CHARITABLE, PATRIOTIC, CULTURAL, PROFESSIONAL, COMMERCIAL, AND INDUSTRIAL IMPROVEMENT AND PRESERVATION OF THE CITY OF BENTONVILLE, BENTON COUNTY, ARKANSAS. DOWNTOWN DEVELOPMENT PURCHASES REAL ESTATE TO BE SOLD AT A LATER DATE TO THE CITY OF BENTONVILLE OR OTHER GOVERNMENTAL UNIT FOR CIVIC OR INDUSTRIAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 16 Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part III, Exempt Purpose PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990EZ, Part III, Line 28 DESCRIPTION OF OTHER PROGRAM SERVICES
ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JOHNNY HANEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-02-16
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ReturnHeader/Filer/EIN0710553212
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1860
ReturnHeader/Filer/USAddress/CityNm0BENTONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd071712
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621665434
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
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ReturnHeader/PreparerPersonGrp/PhoneNum04794641500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LUKE C MITCHELL
ReturnHeader/ReturnTs02024-02-16T13:36:20+00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHNNY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HANEY
ReturnHeader/TaxPeriodBeginDt02022-08-01
ReturnHeader/TaxPeriodEndDt02023-07-31
ReturnHeader/TaxYr02022

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