Civic Intelligence

Villa Rica Main Street Inc

EIN 81-0925842 • 501(c)3 • Villa Rica, GA

Profile

Villa rica mainstreet, inc. Is a city sponsored preservation-based downtown development program. Main street combines the four point approach of the national main street center to build a sustainable and complete downtown revitalization effort fostered by the support of the community and volunteers. Villa rica mainstreet's mission is to provide a premier destination where individuals, families, and businesses can thrive by preserving historic charm,encouraging local spending, and creating a sense of community.

106 Temple StVilla Rica, GA 30180

downtownvillarica.com

Siviq Scores

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

Liabilities / Assets

82nd percentile

0.17x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

22nd percentile

-22%

Higher net margin than 22% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

20th percentile

-50%

Faster asset growth than 20% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

39th percentile

-14%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$14,735

Down $14,582 (-50%) from 2022

Liabilities

Up

$2,573

Up $1,953 (+315%) from 2022

Net Assets

Down

$12,162

Down $16,535 (-58%) from 2022

Revenue

Down

$72,735

Down $11,639 (-14%) from 2022

Expenses

Down

$88,930

Down $2,269 (-2.5%) from 2022

Net Income

Down

-$16,195

Down $9,370 (-137%) from 2022

Trend Graphs

Balance Sheet Trend

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

$40K$30K$20K$10K$0Assets 2020: $19,229Liabilities 2020: $119Net Assets 2020: $19,1102020Assets 2021: $35,772Liabilities 2021: $252Net Assets 2021: $35,5202021Assets 2022: $29,317Liabilities 2022: $620Net Assets 2022: $28,6972022Assets 2023: $14,735Liabilities 2023: $2,573Net Assets 2023: $12,1622023

Highlighted filing

2023

Assets$14,735
Liabilities$2,573
Net Assets$12,162

Operations Trend

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

$100K$50K$0-$50KRevenue 2020: $41,096Expenses 2020: $35,491Net Income 2020: $5,6052020Revenue 2021: $80,134Expenses 2021: $63,898Net Income 2021: $16,2362021Revenue 2022: $84,374Expenses 2022: $91,199Net Income 2022: -$6,8252022Revenue 2023: $72,735Expenses 2023: $88,930Net Income 2023: -$16,1952023

Highlighted filing

2023

Revenue$72,735
Expenses$88,930
Net Income-$16,195

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.0
Gross Receipts
$72,735
Mission and Program Overview

Mission

Villa rica mainstreet, inc. Is a city sponsored preservation-based downtown development program. Main street combines the four point approach of the national main street center to build a sustainable and complete downtown revitalization effort fostered by the support of the community and volunteers. Villa rica mainstreet's mission is to provide a premier destination where individuals, families, and businesses can thrive by preserving historic charm,encouraging local spending, and creating a sense of community.

Program Services

DescriptionGrantsExpenses
CHRISTMAS ON MAIN ST, THRILL AT THE MILL, GOLDRUSH FESTIVAL, AND OTHER DOWNTOWN EVENTS BROUGHT THOUSANDS OF VISITORS TO DOWNTOWN WITH A 5K AND 1 MILE FUN RUN, PARADES, BOOTHS FOR LOCAL VENDORS TO SELL AND DISPLAY ITEMS, LOCAL ENTERTAINMENT, AND OTHER ITEMS THAT HIGHLIGHTED THE DOWNTOWN VILLA RICA AREA.-$45,444
LEADERSHIP LUNCH PROVIDES SPEAKERS FROM LARGE INDUSTRIES AND OTHER PROMINENT LEADERS TO SPEAK 4-5 TIMES PER YEAR ON VARIOUS LEADERSHIP TOPICS INTERESTING TO LOCAL BUSINESSES TO HELP LOCAL BUSINESSES LEARN AND PROVIDE RECOGNITION TO VILLA RICA.-$14,156
PROVIDE GRANTS TO DOWNTOWN BUSINESSES TO ASSIST SMALL BUSINESS OWNER IN ACQUIRING NEEDED EQUIPMENT AND IMPROVING STORE FRONTS.$9,856$9,856
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOEL CRAWFORDPresident-$0--
SUSAN CRANEVice Preside-$0--
PATRONYA BROGDONTreasurer-$0--
RITA WILSONSecretary-$0--
CANDY WILSONDirector-$0--
Filing and Contact Details

Filer

Filer Name
Villa Rica Main Street Inc
EIN
81-0925842
Phone
6788401440
Address
106 TEMPLE ST, VILLA RICA, GA 30180

Signing Officer

Name
Joel Crawford
Title
President
Phone
6788401440
Signed
2024-11-12
Discuss with paid preparer
Yes

Preparer

Firm
Carl R Peabody CPA LLC
Address
105 NORTH AVE, VILLA RICA, GA 30180
Preparer
Carl R Peabody
Phone
6789413980
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I

Grants given to local businesses to improve downtown promotion video for landen prather gallery = 1,000 equip for vr crossfit = 1,000 sign for mens wear inc = 1,000 equip for conchas craving = 856 building improvements for thomas large family llp = 2,500 building improvements for 2 sew 4 u = 2,500 equipment for vr barber shop = 1,000

Form 990-ez, Part I, Line 16

Expenses advertising and promotion 3,174 office 4,582 conferences/meetings 450 contest prizes 3,251 event entertainment 1,670 food & drinks 22,126 supplies 27,987 technical 4,900 payment processing fees 770 website 3,013 grants 9,856 total 81,779

Form 990-ez, Part II, Line 24

Accounts receivable 1,880 100 total 1,880 100

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 620 2,573

Form 990-ez, Part III

Villa rica mainstreet, inc. Is a city sponsored preservation-based downtown development program. Main street combines the four point approach of the national main street center to build a sustainable and complete downtown revitalization effort fostered by the support of the community and volunteers. Villa rica mainstreet's mission is to provide a premier destination where individuals, families, and businesses can thrive by preserving historic charm,encouraging local spending, and creating a sense of community.

Form 990-ez, Part III, Line 28

Christmas on main st, thrill at the mill, goldrush festival, and other downtown events brought thousands of visitors to downtown with a 5k and 1 mile fun run, parades, booths for local vendors to sell and display items, local entertainment, and other items that highlighted the downtown villa rica area.

Form 990-ez, Part III, Line 29

Leadership lunch provides speakers from large industries and other prominent leaders to speak 4-5 times per year on various leadership topics interesting to local businesses to help local businesses learn and provide recognition to villa rica.

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IRS990EZ/PrimaryExemptPurposeTxt0VILLA RICA MAINSTREET, INC. IS A CITY SPONSORED PRESERVATION-BASED DOWNTOWN DEVELOPMENT PROGRAM. MAIN STREET COMBINES THE FOUR POINT APPROACH OF THE NATIONAL MAIN STREET CENTER TO BUILD A SUSTAINABLE AND COMPLETE DOWNTOWN REVITALIZATION EFFORT FOSTERED BY THE SUPPORT OF THE COMMUNITY AND VOLUNTEERS. VILLA RICA MAINSTREET'S MISSION IS TO PROVIDE A PREMIER DESTINATION WHERE INDIVIDUALS, FAMILIES, AND BUSINESSES CAN THRIVE BY PRESERVING HISTORIC CHARM,ENCOURAGING LOCAL SPENDING, AND CREATING A SENSE OF COMMUNITY.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GRANTS GIVEN TO LOCAL BUSINESSES TO IMPROVE DOWNTOWN PROMOTION VIDEO FOR LANDEN PRATHER GALLERY = 1,000 EQUIP FOR VR CROSSFIT = 1,000 SIGN FOR MENS WEAR INC = 1,000 EQUIP FOR CONCHAS CRAVING = 856 BUILDING IMPROVEMENTS FOR THOMAS LARGE FAMILY LLP = 2,500 BUILDING IMPROVEMENTS FOR 2 SEW 4 U = 2,500 EQUIPMENT FOR VR BARBER SHOP = 1,000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING AND PROMOTION 3,174 OFFICE 4,582 CONFERENCES/MEETINGS 450 CONTEST PRIZES 3,251 EVENT ENTERTAINMENT 1,670 FOOD & DRINKS 22,126 SUPPLIES 27,987 TECHNICAL 4,900 PAYMENT PROCESSING FEES 770 WEBSITE 3,013 GRANTS 9,856 TOTAL 81,779
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS RECEIVABLE 1,880 100 TOTAL 1,880 100
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 620 2,573
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4VILLA RICA MAINSTREET, INC. IS A CITY SPONSORED PRESERVATION-BASED DOWNTOWN DEVELOPMENT PROGRAM. MAIN STREET COMBINES THE FOUR POINT APPROACH OF THE NATIONAL MAIN STREET CENTER TO BUILD A SUSTAINABLE AND COMPLETE DOWNTOWN REVITALIZATION EFFORT FOSTERED BY THE SUPPORT OF THE COMMUNITY AND VOLUNTEERS. VILLA RICA MAINSTREET'S MISSION IS TO PROVIDE A PREMIER DESTINATION WHERE INDIVIDUALS, FAMILIES, AND BUSINESSES CAN THRIVE BY PRESERVING HISTORIC CHARM,ENCOURAGING LOCAL SPENDING, AND CREATING A SENSE OF COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CHRISTMAS ON MAIN ST, THRILL AT THE MILL, GOLDRUSH FESTIVAL, AND OTHER DOWNTOWN EVENTS BROUGHT THOUSANDS OF VISITORS TO DOWNTOWN WITH A 5K AND 1 MILE FUN RUN, PARADES, BOOTHS FOR LOCAL VENDORS TO SELL AND DISPLAY ITEMS, LOCAL ENTERTAINMENT, AND OTHER ITEMS THAT HIGHLIGHTED THE DOWNTOWN VILLA RICA AREA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6LEADERSHIP LUNCH PROVIDES SPEAKERS FROM LARGE INDUSTRIES AND OTHER PROMINENT LEADERS TO SPEAK 4-5 TIMES PER YEAR ON VARIOUS LEADERSHIP TOPICS INTERESTING TO LOCAL BUSINESSES TO HELP LOCAL BUSINESSES LEARN AND PROVIDE RECOGNITION TO VILLA RICA.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 29
ReturnHeader/BuildTS02024-10-15 13:58:12Z
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