Downtown Dayton Partnership Corp
- Assets
- $2.5m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Dayton, OH
- Founding
- 08/1993
- Data as of
- 12/2020
- EIN
- 34-1722175
Organization Overview
Downtown Dayton Partnership Corp is located in Dayton, OH. The organization was established in 1993. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Downtown Dayton Partnership Corp employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Downtown Dayton Partnership Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Downtown Dayton Partnership Corp generated $1.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $2.1m during the year ending 12/2020. While expenses have increased by 5.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
WE FOCUS OUR EFFORTS IN FIVE KEY AREAS: JOBS, AMENITIES, HOUSING, ENVIRONMENT, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE FUNCTIONAL EXPENSES INCURRED INVOLVE THE FOLLOWING: STRATEGIC PLANNING FOR LONG-TERM SUSTAINABLE GROWTH IN DOWNTOWN DAYTON; ADVOCATE FOR THE INTEREST OF PROPERTY OWNERS; PROVIDE BUSINESS DEVELOPMENT, PUBLIC SPACE MANAGEMENT AND MARKETING SERVICES TO PROMOTE DOWNTOWN DAYTON BUSINESSES, ARTS, ENTERTAINMENT, AND HOUSING.
CONDUCT AND MARKET HOLIDAY EVENTS IN DOWNTOWN DAYTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandy Gudorf President | Officer | 40 | $190,968 |
James Scott Murphy Vp, Economic Development | Officer | 40 | $111,377 |
Daniel Mccabe Co-Chair | OfficerTrustee | 1 | $0 |
Nan Whaley Co-Chair | OfficerTrustee | 1 | $0 |
Edward Bentley Treasurer | OfficerTrustee | 1 | $0 |
Daniel Meixner Vice Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,117 |
| Investment income | $6,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,882,482 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $244,345 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $631,491 |
| Pension plan accruals and contributions | $53,889 |
| Other employee benefits | $42,344 |
| Payroll taxes | $57,364 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,857 |
| Fees for services: Accounting | $21,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80 |
| Advertising and promotion | $14,197 |
| Office expenses | $9,609 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $75,328 |
| Travel | $6,648 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $2,148,354 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $875,843 |
| Savings and temporary cash investments | $235,446 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $85,814 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $20,936 |
| Investments—publicly traded securities | $839,408 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $394,793 |
| Total assets | $2,470,272 |
| Accounts payable and accrued expenses | $53,569 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $168,800 |
| Other liabilities | $450,056 |
| Total liabilities | $672,425 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,797,847 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Downtown Dayton Partnership Corp has recieved totaling $24,874.
| Awarding Organization | Amount |
|---|---|
Caresource Dayton, OH PURPOSE: Dayton Holiday Festival | $10,000 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,859 |
Centerpoint Energy Foundation Inc Houston, TX PURPOSE: SUMMER IN THE CITY DOWNTOWN HOUSING TOUR | $5,000 |
Iddings Benevolent Trust Chicago, IL PURPOSE: GENERAL | $2,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |