Overview
What is Downtown Blackstone Inc?
Downtown Blackstone Inc is a nonprofit organization located in Blackstone, Virginia. With a mission to revitalize its traditional commercial district, the organization focuses on identifying new market opportunities, finding innovative uses for historic commercial buildings, and stimulating investment in property. By strengthening existing businesses and attracting new ones, Downtown Blackstone Inc aims to enhance the downtown area's appeal as a shopping and working destination, ultimately making it a profitable investment opportunity. To achieve this, the organization builds partnerships and coalitions with merchants, property owners, developers, and government entities. Additionally, they work on improving the downtown streetscape and fostering vibrancy to attract development and redevelopment, ultimately leading to sustainable growth in the local business community. The nonprofit operates with a small team of one employee.
Official website here: www.downtownblackstone.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Downtown Blackstone Inc has received a Two-Star out of Four Star rating with an overall score of 63%. This rating indicates that the organization has room for improvement in its accountability and financial transparency practices, which are critical for fostering donor trust and effective governance.
The organization demonstrates strong financial management with a program expense ratio of 93.17%, indicating that a significant portion of its funding goes directly to programs rather than administrative costs. Additionally, it has no recorded material diversion of assets, which reflects responsible financial stewardship. However, the lack of independent board members and missing policies for whistleblower and document retention raise concerns about oversight and governance.
Overall, while Downtown Blackstone Inc is effectively utilizing its resources for its mission, its governance practices require attention. Strengthening these areas could enhance its accountability and potentially improve its ratings in the future.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Downtown Blackstone Inc?
96% of reviewers recommend Downtown Blackstone Inc based on the latest insights from Facebook. Here is a summary of their reviews:
Many reviewers express support and appreciation for Zachary Whitlow's leadership, highlighting his dedication and commitment to improving the organization and the community it serves. There is a consensus that his hard work is positively impacting the nonprofit and that he is expected to continue growing alongside the community.
Overall, the sentiment towards Downtown Blackstone Inc is overwhelmingly positive, with many feeling confident in its direction and leadership. The reviews reflect a strong belief that the organization is making strides in fulfilling its mission and connecting with the community effectively.
This AI summary has been generated from reviews found on Facebook.
Is Downtown Blackstone Inc legitimate?
Downtown Blackstone Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Blackstone Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $34,271
For more financial information, click here
Official website here: www.downtownblackstone.org
What is the mission statement of Downtown Blackstone Inc?
Downtown Blackstone Inc's mission is centered around creating an appealing place for visitors, a productive workspace, and a profitable investment opportunity. They aim to accomplish this by establishing partnerships and coalitions with merchants, property owners, developers, and government entities. Additionally, the organization works on enhancing and improving the downtown streetscape and fostering vibrancy, which attracts development and redevelopment. These activities are expected to result in long-term sustainable growth within the downtown business community.
Official website here: www.downtownblackstone.org
Who is the CEO of Downtown Blackstone Inc?
Field West is the Director of Downtown Blackstone Inc.
Official website here: www.downtownblackstone.org
What is the revenue of Downtown Blackstone Inc?
Downtown Blackstone Inc's revenue in 2022 was $79,194.
Official website here: www.downtownblackstone.org
Who are the executives of Downtown Blackstone Inc and what are their salaries?
The average compensation at Downtown Blackstone Inc during 2022 was $34,271. There is 1 employee and 15 volunteers at Downtown Blackstone Inc.
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Official website here: www.downtownblackstone.org
Where can I find the form 990 for Downtown Blackstone Inc?
Downtown Blackstone Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtownblackstone.org
Learn more at the official website: www.downtownblackstone.org
Mission Statement of Downtown Blackstone Inc
Downtown Blackstone Inc, as a leading organization, is committed to transforming its downtown area into an appealing destination for visitors, a productive workspace, and an investment opportunity that yields profits. To achieve this mission, Downtown Blackstone Inc establishes partnerships and coalitions with merchants, property owners, developers, and government entities. By working together, they aim to improve the appearance and atmosphere of the downtown streetscape, making it more inviting and attractive to potential investors and visitors. Moreover, the organization fosters a vibrant environment that encourages development and redevelopment, ultimately leading to sustainable growth within the downtown business community.
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Impact
August, 2024
Downtown Blackstone Inc's impact can be seen in its efforts to revitalize and promote downtown Blackstone as a vibrant and thriving hub. Through building partnerships with merchants, property owners, developers, and government entities, they are working to enhance the downtown streetscape and attract development and investment. Their economic restructuring committee is focused on identifying new market opportunities, finding innovative uses for historic buildings, and stimulating investment in the area. By strengthening existing businesses, recruiting new ones, and monitoring economic performance, Downtown Blackstone Inc is playing a crucial role in fostering long-term sustainable growth in the downtown business community.
This information is meant to be a general summary of Downtown Blackstone Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7
- Program Service Revenue: $1,040
- Gross Receipts: $79,194
Assets and Liabilities:
- Total Assets: $74,011
- Total Liabilities: $31,358
- Net Assets: $42,653
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MISC
Revenue
$5
PROMOTIONAL ORNAMENTS
Revenue
$1,035
Organization Details
Founding Year
2007
Phone
(434) 292-3041Principal Officer
Field West
Main Address
217 N HIGH STREET, BLACKSTONE, VA, 23824
Website
www.downtownblackstone.orgNTEE Category
Code: S990 - Community improvement
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