Henderson-vance Downtown Development Commission Inc
Nonprofit profile at a glance
- EIN
- 581727589
- IRS 990-EZ coverage
- 2013–2022
- Forms available
- Form 990-EZ 2022
- Location
- Henderson, NC, USA
- Phone
- 2524250844
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $31,670
- Expenses
- $38,917
- Assets
- $170,505
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
12 people listed
People named in this filing
- AMANDA ELLIS (BOARD MEMBER)
- GREG ETHERIDGE (BOARD MEMBER)
- PAM HESTER (BOARD MEMBER)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Downtown revitalization
What it reported doing in 2022
Purpose of commission is to receive and maintain a fund of real or personal property to use and apply the whole or any part of income to counter economic and social deterioration
Operating model
- Revenue model
- Donor-supported. 85% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 78% for direct work, and 22% for grants.
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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 87
- Transparency & Controls: 100
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 93.7%; rating input score 94
- Program expense ratio: 76.3%; rating input score 76
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -22.9%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 4.38; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 20% per year; rating input score 100; 82nd percentile among comparable filings
- Revenue growth: 498.3% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 6.6% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 93.7% of revenue deployed · 76.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $30K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 9 filing years from 2013 to 2022
- 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.
- High — Sustainability: Operating margin scored 23/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.