Civic Intelligence

Ghent District Foundation

EIN 92-0745864 • 501(c)3 • Norfolk, VA

Profile

Prevention of blight in the ghent district, support underprivileged entrepreneurs and minority owned businesses, and promote and support the preservation of the historic ghent corridor and the non-profit organizations within the community.

301 W 21st StreetNorfolk, VA 23517-2112

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

68th percentile

14%

Higher net margin than 68% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2025

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 2025

Asset Growth

70th percentile

12%

Faster asset growth than 70% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

16th percentile

-56%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$44,164

Up $4,676 (+12%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$44,164

Up $4,676 (+12%) from 2024

Operations
Liabilities / RevenueScore unavailableNet Margin68th percentile

Revenue

Down

$33,549

Down $43,534 (-56%) from 2024

Expenses

Down

$28,873

Down $44,659 (-61%) from 2024

Net Income

Up

$4,676

Up $1,125 (+32%) from 2024

Trend Graphs

Balance Sheet Trend

Asset Growth70th percentile

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

$60K$40K$20K$0Assets 2022: $2,696Net Assets 2022: $2,6962022Assets 2023: $35,936Net Assets 2023: $35,9362023Assets 2024: $39,488Net Assets 2024: $39,4882024Assets 2025: $44,164Net Assets 2025: $44,1642025

Highlighted filing

2025

Assets$44,164
Liabilities-
Net Assets$44,164
Open 2025 Filing

Operations Trend

Revenue Growth16th percentile

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

$80K$60K$40K$20K$0Revenue 2022: $2,775Expenses 2022: $79Net Income 2022: $2,6962022Revenue 2023: $66,934Expenses 2023: $33,694Net Income 2023: $33,2402023Revenue 2024: $77,083Expenses 2024: $73,532Net Income 2024: $3,5512024Revenue 2025: $33,549Expenses 2025: $28,873Net Income 2025: $4,6762025

Highlighted filing

2025

Revenue$33,549
Expenses$28,873
Net Income$4,676
Open 2025 Filing

Filings

Most recent year

2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$44,164
Liabilities
-
Net assets
$44,164
Revenue
$33,549
Expenses
$28,873
Net income
$4,676
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$44.2$44.2$33.5$28.9$4.68
2024Detailed filing. Detailed filing data is available for this year.$39.5$39.5$77.1$73.5$3.55
2023Detailed filing. Detailed filing data is available for this year.$35.9$35.9$66.9$33.7$33.2
2022Detailed filing. Detailed filing data is available for this year.$2.70$2.70$2.78$0.08$2.70
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2025 to Dec 31, 2025
Signed
Mar 12, 2026
Return Version
2025v4.0
Gross Receipts
$57,058
Mission and Program Overview

Mission

Prevention of blight in the ghent district, support underprivileged entrepreneurs and minority owned businesses, and promote and support the preservation of the historic ghent corridor and the non-profit organizations within the community.

Program Services

DescriptionGrantsExpenses
TO SUPPORT THE NON-PROFIT ORGANIZATIONS WITHIN THE COMMUNITY, INCLUDING UNDERPRIVILEGED ENTREPRENEURS AND MINORITY OWNED BUSINESSES.$7,250$22,758
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
CLAUS IHLEMANNPresident-$0--
KELLY A JOHNSONTreasurer-$0--
PATRICK W MOORESecretary-$0--
ROBYN J THOMASDirector-$0--
KAREN MOORE REYNESVice Preside-$0--
PATRICK CURTIS KELLYDirector-$0--
IAN HOLDERDirector-$0--
RICHARD LEVINDirector-$0--
THOMAS CANNONEDirector-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Masquerade in G$35,161$17,041$9,763$7,278
Gcf Golf Tourna$12,075$7,775-$7,775
Total Events$47,236$24,816$23,349$1,467
Filing and Contact Details

Filer

Filer Name
Ghent District Foundation
EIN
92-0745864
Phone
7574469481
Address
301 W 21ST STREET, NORFOLK, VA 23517-2112

Signing Officer

Name
Karen Moore Reynes
Title
Vice President
Phone
7574469481
Signed
2026-03-12
Discuss with paid preparer
Yes

Preparer

Firm
Saunders Matthews & Pfitzner Pllc
Address
327 WEST 21ST STREET SUITE 203, NORFOLK, VA 23517
Preparer
Charles T Saunders CPA
Phone
7576257849
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Banner sales 600 total 600”

Form 990-ez, Part I, Line 16

“Naro fundraiser taxes & licenses 45 expenses marketing/web development 5,610 supplies 18 bank charges 752 entertainment 1,675 banners 8,009 bad debt 200 taxes & licenses 125 total 16,434”

Form 990-ez, Part II, Line 24

“Organization costs 1,070 1,070 less accumulated amortization 482 696 total 588 374”

Form 990-ez, Part III

“Prevention of blight in the ghent district, support underprivileged entrepreneurs and minority owned businesses, and promote and support the preservation of the historic ghent corridor and the non-profit organizations within the community.”

Raw XML Appendix188 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt6DIRECTOR
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IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
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IRS990EZ/WebsiteAddressTxt0N/A
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BANNER SALES 600 TOTAL 600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NARO FUNDRAISER TAXES & LICENSES 45 EXPENSES MARKETING/WEB DEVELOPMENT 5,610 SUPPLIES 18 BANK CHARGES 752 ENTERTAINMENT 1,675 BANNERS 8,009 BAD DEBT 200 TAXES & LICENSES 125 TOTAL 16,434
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ORGANIZATION COSTS 1,070 1,070 LESS ACCUMULATED AMORTIZATION 482 696 TOTAL 588 374
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PREVENTION OF BLIGHT IN THE GHENT DISTRICT, SUPPORT UNDERPRIVILEGED ENTREPRENEURS AND MINORITY OWNED BUSINESSES, AND PROMOTE AND SUPPORT THE PRESERVATION OF THE HISTORIC GHENT CORRIDOR AND THE NON-PROFIT ORGANIZATIONS WITHIN THE COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0KAREN MOORE REYNES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07574469481
ReturnHeader/BusinessOfficerGrp/SignatureDt02026-03-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GHENT DISTRICT FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0GHEN
ReturnHeader/Filer/EIN0920745864
ReturnHeader/Filer/PhoneNum07574469481
ReturnHeader/Filer/USAddress/AddressLine1Txt0301 W 21ST STREET
ReturnHeader/Filer/USAddress/CityNm0NORFOLK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd0235172112
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0203700655
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SAUNDERS MATTHEWS & PFITZNER PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0327 WEST 21ST STREET SUITE 203
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0NORFOLK
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023517
ReturnHeader/PreparerPersonGrp/PhoneNum07576257849
ReturnHeader/PreparerPersonGrp/PreparationDt02026-03-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHARLES T SAUNDERS CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02026-03-20T13:11:06-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02025-01-01
ReturnHeader/TaxPeriodEndDt02025-12-31
ReturnHeader/TaxYr02025

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