Northfield Downtown Development Corporation
- Assets
- $20.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Northfield, MN
- Founding
- 06/2002
- Data as of
- 12/2023
- EIN
- 41-2004424
Organization Overview
Northfield Downtown Development Corporation is located in Northfield, MN. The organization was established in 2002. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northfield Downtown Development Corporation 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 12/2023, Northfield Downtown Development Corporation generated $44.5k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $53.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED SERVICES TO BUSINESSES, PROPERTY OWNERS, AND VISITORS THAT INCREASED THE VITALITY OF DOWNTOWN NORTHFIELD AND IMPROVED THE VISITOR EXPERIENCE, INCLUDING: -DISTRIBUTION OF INFORMATION ABOUT THE DOWNTOWN DISTRICT TO HOUSEHOLDS THROUGH IN-HOME VISITS BY THE LOCAL WELCOME SERVICE. -DAILY COMMUNICATIONS WITH OVER 3500 FACEBOOK FOLLOWERS. -PROVIDED INFORMATION ABOUT THE DOWNTOWN DISTRICT TO 5,000 COLLEGE STUDENTS ARRIVING ON CAMPUS EACH FALL. -HOSTED THE DOWNTOWN NORTHFIELD TASTE TOUR FOOD CRAWL. -ROLLED OUT A NEW INITIATIVE THIS YEAR CALLED FIRST FRIDAY ART NIGHT. -PROVIDE CONTRACTED SERVICES TO THE CITY OF NORTHFIELD. -WORK WITH MAIN STREET MINNESOTA, WHICH NORTHFIELD IS NOW A MAIN STREET DESIGNATED CITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kathleen Holmes Board Member | 2 | $0 | |
Christopher Tassava President | 2 | $0 | |
Amy Peterson Board Member | 1 | $0 | |
Adrian Thomas Secretary | 1 | $0 | |
Teresa Jensen Board Member | 1 | $0 | |
Cody Larson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,218 |
| Total Program Service Revenue | $0 |
| Membership dues | $270 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,488 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,450 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $532 |
| Other expenses | $16,064 |
| Total expenses | $53,416 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $20,546 |
| Other assets | $0 |
| Total assets | $20,707 |
| Total liabilities | $0 |
| Net assets or fund balances | $20,707 |