The Downtown Phoenix Community Development Corporation
- Assets
- $2.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 12/2002
- Data as of
- 12/2019
- EIN
- 86-1027337
Organization Overview
The Downtown Phoenix Community Development Corporation is located in Phoenix, AZ. The organization was established in 2002. 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 Phoenix Community Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2019, Downtown Phoenix Community Development Corporation generated $7.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $17.0k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (21.5%) per year over the past 5 years. 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
2019
Describe the Organization's Program Activity:
Part 3
TO ADVANCE THE DEVELOPMENT OF NEW HOUSING, OFFICE, RETAIL AND MIXED USES THAT WILL STRENGTHEN DOWNTOWN PHOENIX'S EVOLUTION TO A VITAL 24 HOUR URBAN ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Benelli Director | 0.25 | $0 | |
Brian Cassidy Director | 0.25 | $0 | |
Mark Davis Director | 0.25 | $0 | |
Paul Magallanez Director | 0.25 | $0 | |
Michael Straneva Director | 0.25 | $0 | |
Manjula Vaz Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,500 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $7,500 |
| 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 | $14,100 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,893 |
| Total expenses | $16,993 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,030 |
| Other assets | $0 |
| Total assets | $1,997 |
| Total liabilities | $35,219 |
| Net assets or fund balances | -$33,222 |