Gilroy Downtown Development Corp
- Assets
- $63.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Gilroy, CA
- Founding
- 06/1988
- Data as of
- 12/2022
- EIN
- 94-3057869
Organization Overview
Gilroy Downtown Development Corp is located in Gilroy, CA. The organization was established in 1988. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gilroy Downtown Development 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 12/2022, Gilroy Downtown Development Corp generated $61.1k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $80.5k during the year ending 12/2022. 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
2022
Describe the Organization's Program Activity:
Part 3
COORDINATE/SPONSOR EVENTS TO SHOWCASE DOWNTOWN AREA. BRINGS EVENTS AND ENTERTAINMENT TO THE DOWNTOWN AREA TO HELP PROMOTE THE DOWNTOWN BUSINESS AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Campbell Vice Chair | 1 | $0 | |
Jeff Orth Chairman | 0 | $0 | |
John Taft Treasurer | 1 | $0 | |
Deanna Franklin Director | 0 | $0 | |
Paulo Paredes Director | 0 | $0 | |
Tom Miller Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,403 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $121 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $31,595 |
| Other Revenue | $0 |
| Total Revenue | $61,119 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $42,894 |
| Professional fees and other payments to independent contractors | $3,888 |
| Occupancy, rent, utilities, and maintenance | $3,756 |
| Printing, publications, postage, and shipping | $43 |
| Other expenses | $29,896 |
| Total expenses | $80,477 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $53,579 |
| Other assets | $0 |
| Total assets | $63,227 |
| Total liabilities | $23,031 |
| Net assets or fund balances | $40,196 |