Civic Intelligence

Downtown Development Inc

990 • Fiscal year 2016 • EIN 71-0553212

Aug 01, 2015 to Jul 31, 2016 • Filed on Apr 20, 2017

Organization ProfileN/A
PO Box 1860Bentonville, AR 72712

(479) 464-1500

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.87x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

99th percentile

14.62x

Higher debt load relative to revenue than 99% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Net Margin

20th percentile

-7.2%

Higher net margin than 20% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

59th percentile

$0

Higher top officer pay than 59% of similar nonprofits.

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

2016 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2016

Asset Growth

38th percentile

-0.4%

Faster asset growth than 38% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

61st percentile

4.9%

Faster revenue growth than 61% of similar nonprofits.

2016 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$1,076,596

Down $4,329 (-0.4%) from 2015

Net Assets

Down

$138,056

Down $4,639 (-3.3%) from 2015

Liabilities

Up

$938,540

Up $310 (+0.0%) from 2015

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin20th percentile

Revenue

Up

$64,210

Up $3,002 (+4.9%) from 2015

Expenses

Up

$68,849

Up $18,563 (+37%) from 2015

Net Income

Down

-$4,639

Down $15,561 (-142%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$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

2016

Assets$1,076,596
Liabilities$938,540
Net Assets$138,056
Open 2016 Filing

Operations Trend

Revenue Growth61st percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$64,210
Expenses$68,849
Net Income-$4,639
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2015 to Jul 31, 2016
Signed
Apr 20, 2017
Return Version
2015v3.0
Gross Receipts
$64,210
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.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,063,964$1,070,814▲ $6,850
Loans From Officers Directors$300,000$200,000▼ $100,000
Savings and Temporary Cash Investments$539$3,540▲ $3,001
Accounts Receivable$562$999▲ $437
Cash and Non-Interest-Bearing Accounts$15,460$843▼ $14,617
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Land, Buildings, and Equipment, Net$0--
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,080,925$1,076,596▼ $4,329
Other Assets Total$400$400→ $0
Liabilities
Mortgage Notes Payable Secured by Investment Property$637,541$737,541▲ $100,000
Accounts Payable and Accrued Expenses$689$999▲ $310
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$938,230$938,540▲ $310
Net Assets / Fund Balance
Total Net Assets Fund Balance$142,695$138,056▼ $4,639
Total Liabilities and Net Assets / Fund Balance$1,080,925$1,076,596▼ $4,329

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,070,814--
Compensation and Service Providers
Top Officer Pay59th percentile

Board Members and Trustees

NameTitle
John Shores Deceased 2015President
Johnny HaneyPresident
Debbie MatteriVice President
Paul DavidsonSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$36,809
Program Service Revenue
$27,401
Investment Income
$0
Other Revenue
$0
All Other Contributions
$36,809
Change in Net Assets
$-4,639
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$68,849
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$45,765--$45,765
Fees for Services Management$5,981--$5,981
Fees for Services Accounting$4,393--$4,393
Insurance$2,587--$2,587
Other Expenses$834--$834
Total Functional Expenses$68,849$0$0$68,849
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$300,000$200,000▼ $100,000
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

“Explanation: prior to filing of the form 990, the return is reviewed by all members of the governing body and ultimately reviewed and signed by an appropriate governing body member.”

FORM 990, PART VI, SECTION C, LINE 19:

“Explanation: available upon request”

Filing and Contact Details

Filer

Filer Name
Downtown Development Inc
EIN
71-0553212
In Care Of
% KENDRA ANDREWS
Address
PO BOX 1860, BENTONVILLE, AR 72712

Signing Officer

Name
Johnny Haney
Title
President
Phone
4794641500
Signed
2017-04-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Johnny Haney
Formed
1978
Legal Domicile
Ar
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Walton Enterprises LLC
Address
PO BOX 1860, BENTONVILLE, AR 72712
Preparer
Kent C Crouch
Phone
4794641500
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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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IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueProgramRltdAmt01070814
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0200000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0MORTGAGE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0400000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0PAUL L DAVIDSON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0200000
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: PRIOR TO FILING OF THE FORM 990, THE RETURN IS REVIEWED BY ALL MEMBERS OF THE GOVERNING BODY AND ULTIMATELY REVIEWED AND SIGNED BY AN APPROPRIATE GOVERNING BODY MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPLANATION: AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19:
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01080925
IRS990/TotalAssetsEOYAmt01076596
IRS990/TotalAssetsGrp/BOYAmt01080925
IRS990/TotalAssetsGrp/EOYAmt01076596
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt036809
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt068849
IRS990/TotalFunctionalExpensesGrp/TotalAmt068849
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0938230
IRS990/TotalLiabilitiesEOYAmt0938540
IRS990/TotalLiabilitiesGrp/BOYAmt0938230
IRS990/TotalLiabilitiesGrp/EOYAmt0938540
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0142695
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0138056
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt068849
IRS990/TotalProgramServiceRevenueAmt027401
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt027401
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt064210
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01080925
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01076596
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1860
IRS990/USAddress/CityNm0BENTONVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd072712
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHNNY HANEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04794641500
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-20
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0DOWNTOWN DEVELOPMENT INC
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0710553212
ReturnHeader/Filer/InCareOfNm0% KENDRA ANDREWS
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1860
ReturnHeader/Filer/USAddress/CityNm0BENTONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd072712
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WALTON ENTERPRISES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 1860
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BENTONVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd072712
ReturnHeader/PreparerPersonGrp/PhoneNum04794641500
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Kent C Crouch
ReturnHeader/ReturnTs02017-05-12T10:38:02-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-08-01
ReturnHeader/TaxPeriodEndDt02016-07-31
ReturnHeader/TaxYr02015

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,076,596
Liabilities
$938,540
Net assets
$138,056
Revenue
$64,210
Expenses
$68,849
Net income
-$4,639
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