Downtowndc Foundation
Nonprofit profile at a glance
- EIN
- 452933562
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2018
- Location
- Washington, DC, USA
- Phone
- 2025499558
- Rating
- 71
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $837,885
- Expenses
- $811,934
- Assets
- $474,143
- Liabilities
- $72,381
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- GERREN PRICE (PRESIDENT AND CEO - DOWNTOWNDC BID)
Highest reported compensation
- GERREN PRICE (PRESIDENT AND CEO - DOWNTOWNDC BID): $382,504 total reported compensation
- RACHEL HARTMAN CSO-DOWNTOWNDC (BID/EXECUTIVE DIR.-DOWNTOWNDC FND): $254,247 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The downtowndc foundation's mission is to serve and celebrate our vibrant and diverse downtowndc community by providing homeless services, revitalizing parks, and enhancing public spaces and experiences.
What it reported doing in 2024
Homeless services: the downtowndc foundation distributed 33 welcome home kits to individuals transitioning from homelessness to housing, with each kit valued up to $750. The foundation supported the inspiring change house inititative, which helped 17 individuals exit homelessness between july and september 2025. The foundation also catered, hot independence day, thanksgiving, and christmas meal celebrations. Additionally, the foundation distributed hundreds of overnight kits that included hygiene items, essential clothing, nutritious snacks, and water to combat extreme weather summer and winter condidtions for individuals experiencing homelessness.
Operating model
- Revenue model
- Donor-supported. 91% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 66% of its reported program spending out as grants.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 62
- Transparency & Controls: 71
- Accountability: 91
- Sustainability: 37
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 66.7%; rating input score 67
- Program expense ratio: 68.6%; rating input score 69
- Fundraising efficiency: $4.43 raised per $1 spent on fundraising; rating input score 15; 15th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 92.3%; rating input score 92; 24th percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.1%; rating input score 45; 45th percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: 0.15; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 12.5%; rating input score 29; 29th percentile among comparable filings
Growth
- Program expense growth: 23.5% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 15.3% per year; rating input score 100; 79th percentile among comparable filings
- Asset growth: 7.8% per year; rating input score 100; 51st percentile among comparable filings
Details
- Where the money goes: 66.7% of revenue deployed · 68.6% of spending went to programs
- Governance: 12 of 13 board members independent · 8 of 9 filing controls reported
- Programs: 3 filed program accomplishments · $557K in reported program spending
- Leadership: top reported pay $383K · 14 people listed · 0 of 6 pay-setting controls reported
- Consistency: 23 of 23 current checks pass
- Schedules: 6 filed schedules · includes major donors, grants, and executive pay
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 4 filed related-organization links
- 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.
- High — Transparency & Controls: Pay-setting controls scored 0/100.
- High — Financial Efficiency: Fundraising efficiency scored 15/100.
- Moderate — Sustainability: Operating margin scored 45/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- Review — Accountability: Governance controls: Whistleblower policy not reported.
- High — Sustainability: Officer compensation ratio scored 29/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.