Civic Intelligence

Downtown Development Inc

990 • Fiscal year 2021 • EIN 71-0553212

Aug 01, 2020 to Jul 31, 2021 • Filed on May 12, 2022

Organization ProfileN/A
PO Box 1860Bentonville, AR 71712

(479) 464-1500

Siviq Scores

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

Liabilities / Assets

96th percentile

0.99x

Higher debt load relative to assets than 96% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

1082276.00x

Higher debt load relative to revenue than 100% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Net Margin

1st percentile

-5282100%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$0

Higher top officer pay than 61% of similar nonprofits.

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

2021 filings • 501(c)4 • $1M-$5M nonprofits • Source year 2021

Asset Growth

35th percentile

1.8%

Faster asset growth than 35% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)4 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets96th percentile

Assets

Up

$1,095,066

Up $19,528 (+1.8%) from 2020

Net Assets

Down

$12,790

Down $52,821 (-81%) from 2020

Liabilities

Up

$1,082,276

Up $72,349 (+7.2%) from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$1

Down $5,515 (-100%) from 2020

Expenses

Down

$52,822

Down $25,932 (-33%) from 2020

Net Income

Up

-$52,821

Up $20,417 (+28%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth35th 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

2021

Assets$1,095,066
Liabilities$1,082,276
Net Assets$12,790
Open 2021 Filing

Operations Trend

Revenue Growth1st 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

2021

Revenue$1
Expenses$52,822
Net Income-$52,821
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Aug 1, 2020 to Jul 31, 2021
Signed
May 12, 2022
Return Version
2020v4.0
Gross Receipts
$1
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 form 990, part iii, line 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$1,072,214$1,072,714▲ $500
Loans From Officers Directors$74,927$147,276▲ $72,349
Cash and Non-Interest-Bearing Accounts$1,290$20,517▲ $19,227
Rtn Earn Endowment Incm Other Fnds$65,611$12,790▼ $52,821
Savings and Temporary Cash Investments$1,734$735▼ $999
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Land, Buildings, and Equipment, Net-$0-
Total Assets$1,075,538$1,095,066▲ $19,528
Other Assets Total$300$1,100▲ $800
Liabilities
Mortgage Notes Payable Secured by Investment Property$935,000$935,000→ $0
Other Liabilities$0$0→ $0
Total Liabilities$1,009,927$1,082,276▲ $72,349
Net Assets / Fund Balance
Total Net Assets Fund Balance$65,611$12,790▼ $52,821
Total Liabilities and Net Assets / Fund Balance$1,075,538$1,095,066▲ $19,528

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,072,714--
Compensation and Service Providers
Top Officer Pay61st percentile

Board Members and Trustees

NameTitle
-President
-Vice President
-Secretary/Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$1
Other Revenue
$0
Change in Net Assets
$-52,821
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,822
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$30,810--$30,810
Insurance$11,370--$11,370
Other Expenses$1,247--$1,247
Fees for Services Accounting-$894-$894
Fees for Services Management$826--$826
Fees for Services Legal-$139-$139
Total Functional Expenses$51,789$1,033$0$52,822
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$74,927$147,276▲ $72,349
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
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, Line 11B Review of form 990 by governing body

“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, Line 19 Required documents available to the public

“Downtown development, inc.'s form 990 is available to the public at guidestar.org. Downtown development, inc.'s certificate of incorporation is available to the public via the arkansas secretary of state database.”

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
2022-05-12
Discuss with paid preparer
Yes

Organization Details

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
Raw XML Appendix301 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0SEE FORM 990, PART III, LINE 1
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KENDRA ANDREWS
IRS990/BooksInCareOfDetail/PhoneNum04794641500
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 1860
IRS990/BooksInCareOfDetail/USAddress/CityNm0BENTONVILLE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0AR
IRS990/BooksInCareOfDetail/USAddress/ZIPCd072712
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt01290
IRS990/CashNonInterestBearingGrp/EOYAmt020517
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01
IRS990/CYOtherExpensesAmt052822
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-52821
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt052822
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0SEE FORM 990, PART III, LINE 1
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt051789
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt0894
IRS990/FeesForServicesAccountingGrp/TotalAmt0894
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt0139
IRS990/FeesForServicesLegalGrp/TotalAmt0139
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0826
IRS990/FeesForServicesManagementGrp/TotalAmt0826
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt10
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt20
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0Brenda Anderson
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1DEBBIE MATTERI
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2JOHNNY HANEY
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0Secretary/Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt00
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt011370
IRS990/InsuranceGrp/TotalAmt011370
IRS990/InterestGrp/ProgramServicesAmt030810
IRS990/InterestGrp/TotalAmt030810
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt01
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01072214
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01072714
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0AR
IRS990/LoanOutstandingInd0true
IRS990/LoansFromOfficersDirectorsGrp/BOYAmt074927
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt0147276
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0DOWNTOWN 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 7/31/21, 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0935000
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0935000
IRS990/NetAssetsOrFundBalancesBOYAmt065611
IRS990/NetAssetsOrFundBalancesEOYAmt012790
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0300
IRS990/OtherAssetsTotalGrp/EOYAmt01100
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Property Taxes
IRS990/OtherExpensesGrp/Desc1Utilities
IRS990/OtherExpensesGrp/ProgramServicesAmt07536
IRS990/OtherExpensesGrp/ProgramServicesAmt11247
IRS990/OtherExpensesGrp/TotalAmt07536
IRS990/OtherExpensesGrp/TotalAmt11247
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueTotalAmt00
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0JOHNNY HANEY
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt016
IRS990/PYOtherExpensesAmt078754
IRS990/PYProgramServiceRevenueAmt05500
IRS990/PYRevenuesLessExpensesAmt0-73238
IRS990/PYTotalExpensesAmt078754
IRS990/PYTotalRevenueAmt05516
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-52821
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt01
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt065611
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt012790
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01734
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0735
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01072714
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0REAL ESTATE FOR CIVIC USES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/TotalBookValueProgramRltdAmt01072714
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt0147276
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd0true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0JIM C WALTON
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd0false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0OPERATIONAL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt0147276
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0SUBSTANTIAL CONTRIBUTOR
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd0true
IRS990ScheduleL/TotalBalanceDueAmt0147276
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRIOR 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/ExplanationTxt1DOWNTOWN DEVELOPMENT, INC.'S FORM 990 IS AVAILABLE TO THE PUBLIC AT GUIDESTAR.ORG. DOWNTOWN DEVELOPMENT, INC.'S CERTIFICATE OF INCORPORATION IS AVAILABLE TO THE PUBLIC VIA THE ARKANSAS SECRETARY OF STATE DATABASE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19 Required documents available to the public
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01075538
IRS990/TotalAssetsEOYAmt01095066
IRS990/TotalAssetsGrp/BOYAmt01075538
IRS990/TotalAssetsGrp/EOYAmt01095066
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt01033
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt051789
IRS990/TotalFunctionalExpensesGrp/TotalAmt052822
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01009927
IRS990/TotalLiabilitiesEOYAmt01082276
IRS990/TotalLiabilitiesGrp/BOYAmt01009927
IRS990/TotalLiabilitiesGrp/EOYAmt01082276
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt065611
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt012790
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt00
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt051789
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01075538
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01095066
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 1860
IRS990/USAddress/CityNm0BENTONVILLE
IRS990/USAddress/StateAbbreviationCd0AR
IRS990/USAddress/ZIPCd071712
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHNNY HANEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Downtown Development Inc
ReturnHeader/Filer/BusinessNameControlTxt0DOWN
ReturnHeader/Filer/EIN0710553212
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1860
ReturnHeader/Filer/USAddress/CityNm0BENTONVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0AR
ReturnHeader/Filer/USAddress/ZIPCd071712
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0621665434
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/ReturnTs02022-05-12T17:01:35-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JOHNNY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0HANEY
ReturnHeader/TaxPeriodBeginDt02020-08-01
ReturnHeader/TaxPeriodEndDt02021-07-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,095,066
Liabilities
$1,082,276
Net assets
$12,790
Revenue
$1
Expenses
$52,822
Net income
-$52,821
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