Downtown Newark Special Improvement District Inc

Nonprofit profile at a glance

EIN
824566521
IRS 990-EZ coverage
2018–2025
Forms available
Form 990-EZ 2025
Location
Newark, OH, USA
Phone
7403493981
Rating
91
Verdict
STRONG
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Reported finances

Revenue
$167,408
Expenses
$151,327
Assets
$73,004
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

6 people listed

People named in this filing

  • DAVID RHODES (BOARD MEMBER)
  • PHIL CLAGGETT (BOARD MEMBER)
  • CHASE GHILONI (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To govern a special improvement district.to encourage and particpate in programs that will maintain, improve and build the district as a viable mixed-use business, cultural, residential and recreational community.to assist the city of newark and other agencies and groups in providing programming which will preserve the economic well-being and opportunites in the downtown newark area of the city of newark.

What it reported doing in 2025

Governing the special improvement district. Funds used for projects like district beautification, safety patrols and parking enforcement.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 100
  • Sustainability: 52
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.2%; rating input score 86
  • Program expense ratio: 95.4%; rating input score 95

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 9.6%; rating input score 54; 54th percentile among comparable filings
  • Total-asset coverage ratio: 0.48; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 7% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: 4.3% per year; rating input score 100; 40th percentile among comparable filings
  • Asset growth: -0.5% per year; rating input score 0; 25th percentile among comparable filings

Details

  • Where the money goes: 86.2% of revenue deployed · 95.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $144K in reported program spending
  • Leadership: top reported pay $0 · 6 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 6 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Sustainability: Operating margin scored 54/100.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.