Downtown Milford Inc
- Assets
- $155.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Milford, DE
- Founding
- 05/1996
- Data as of
- 06/2021
- EIN
- 51-0364402
Organization Overview
Downtown Milford Inc is located in Milford, DE. The organization was established in 1996. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood 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. Downtown Milford Inc 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 06/2021, Downtown Milford Inc generated $63.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $77.9k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (10.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Don Vaughan Vice President | 6 | $0 | |
Shelley Moore Secretary | 6 | $0 | |
Sandy Gulledge Treasurer | 10 | $0 | |
Peggy Reilly President | 12 | $0 | |
Craig DE Mariana Aleman Director | 2 | $0 | |
Matt Babbitt Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,599 |
| Total Program Service Revenue | $5,468 |
| Membership dues | $0 |
| Investment income | $267 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $2,402 |
| Other Revenue | $2,400 |
| Total Revenue | $63,136 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $37,540 |
| Professional fees and other payments to independent contractors | $750 |
| Occupancy, rent, utilities, and maintenance | $12,789 |
| Printing, publications, postage, and shipping | $293 |
| Other expenses | $26,558 |
| Total expenses | $77,930 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $136,866 |
| Other assets | $0 |
| Total assets | $155,621 |
| Total liabilities | $10,508 |
| Net assets or fund balances | $145,113 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Downtown Milford Inc has recieved totaling $67.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $67 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Community Development Corporation Inc Paterson, NJ | $38,005,348 | $12,337,768 |
Allegheny Conference On Community Development Pittsburgh, PA | $14,597,444 | $7,655,898 |
Maryland Rural Development Corporation Annapolis, MD | $2,490,801 | $9,297,615 |
Religious Coalition For Emergency Human Needs In Frederick County Frederick, MD | $4,940,518 | $9,853,659 |
Warren And Forest Counties Economic Opportunity Council Warren, PA | $10,674,151 | $7,590,481 |
Fidelity Cemetery Association Of Bergen County New Jersey Westwood, NJ | $92,678,086 | $8,108,469 |
Camden Community Partnership Inc Camden, NJ | $9,971,061 | $6,850,310 |
Garden State Episcopal Community Development Corp Union City, NJ | $16,668,140 | $6,237,037 |
King Of Prussia Business Improvement District Inc King Of Prussia, PA | $5,201,122 | $7,051,167 |
Church Towers Urban Renewal Corporation Hoboken, NJ | $2,847,241 | $4,869,210 |
Neighboorhood Allies Inc Pittsburgh, PA | $18,216,384 | $5,002,957 |
H A C E Philadelphia, PA | $14,015,566 | $6,404,606 |