Form 990-EZ, Part I, Line 16 Other Expenses
“Accounting fees - 7664; legal services - 3903; management fees - 615;”
Siviq Scores
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Balance Sheet
Assets
Down$0
Down $4,390 (-100%) from 2022
Net Assets
Down$0
Down $4,390 (-100%) from 2022
Liabilities
Flat$0
Flat from 2022
Revenue And Expenses
Revenue
Down$8,844
Down $12,968 (-59%) from 2022
Expenses
Down$12,182
Down $18,030 (-60%) from 2022
Net Income
Up-$3,338
Up $5,062 (+60%) from 2022
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Aug 1, 2023 to Dec 31, 2023
- Signed
- Dec 11, 2024
- Return Version
- 2023v5.1
- Gross Receipts
- $8,844
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
| Description | Grants | Expenses |
|---|---|---|
| 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. | - | $615 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOHNNY HANEY | President | - | $0 | - | - |
| DEBBIE MATTERI | Vice President | - | $0 | - | - |
| BRENDA ANDERSON | Secretary/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
- 2024-12-11
- 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 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.”
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| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ACCOUNTING FEES - 7664; LEGAL SERVICES - 3903; MANAGEMENT FEES - 615; |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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. |
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| ReturnHeader/BuildTS | 0 | 2024-10-15 13:58:12Z |
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| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2024-12-11 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | LUKE C MITCHELL |
| ReturnHeader/ReturnTs | 0 | 2024-12-11T15:17:28+00:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2023-08-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2023-12-31 |
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Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $0
- Liabilities
- $0
- Net assets
- $0
- Revenue
- $8,844
- Expenses
- $12,182
- Net income
- -$3,338