Overview
What is Detroit Downtown Inc?
Detroit Downtown Inc is a nonprofit organization established in 2014, primarily functioning as a special assessment district for property owners in Downtown Detroit. Its main objective is to ensure a clean, safe, and attractive downtown area. To achieve this, Detroit Downtown Inc contracts services with the organization itself, Detroit Downtown, Inc., for behind-the-scenes supplemental services that are essential for residents, workers, visitors, and businesses in the area. The nonprofit is funded through assessments on over 500 commercial properties within its jurisdiction, generating an annual budget of approximately $5.3 million. The organization is led by a Board of Directors comprising 16 volunteer representatives from Downtown Detroit's diverse business community. The Detroit Downtown Inc's area of influence spans 140 city blocks in a 1.1-square-mile area, encompassing major highways and the Detroit River.
Official website here: www.downtowndetroit.org
Is Detroit Downtown Inc legitimate?
Detroit Downtown Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Detroit Downtown 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: $783,912
For more financial information, click here
Official website here: www.downtowndetroit.org
What is the mission statement of Detroit Downtown Inc?
Detroit Downtown Inc's primary mission is to enhance the downtown area by ensuring it remains clean, safe, and aesthetically pleasing. To achieve this, they solicit, receive, and manage funds for these purposes. Established in 2014, they oversee a Business Improvement Zone (BIZ) encompassing over 140 city blocks in a 1.1 square mile area. The BIZ, led by a board of volunteers, funds cleaning, safety, and landscaping services through assessments on over 500 commercial properties. These services, supplemented by Detroit Downtown Inc, cater to the needs of residents, workers, visitors, and business and property owners in the downtown area, relying on its behind-the-scenes support. The annual budget of approximately $5.3 million helps maintain the cleanliness, safety, and beauty of the downtown district.
Official website here: www.downtowndetroit.org
Who is the CEO of Detroit Downtown Inc?
Eric B Larson is the Ceo of Detroit Downtown Inc. The CEO's salary of Detroit Downtown Inc is $0 and their total compensation is $520,636.
Official website here: www.downtowndetroit.org
What is the revenue of Detroit Downtown Inc?
Detroit Downtown Inc's revenue in 2022 was $5,310,253.
Official website here: www.downtowndetroit.org
Who are the executives of Detroit Downtown Inc and what are their salaries?
There 16 volunteers at Detroit Downtown Inc.
Here are 22 key members and their salaries (Detroit Downtown Inc's CEO's salary is $0 and their total compensation is $520,636):
- Compensation: $0
- Related: $482,610
- Other: $38,026
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- Related: $208,248
- Other: $44,303
- Compensation: $0
- Related: $170,380
- Other: $34,174
- Compensation: $0
- Related: $123,036
- Other: $24,164
Official website here: www.downtowndetroit.org
Where can I find the form 990 for Detroit Downtown Inc?
Detroit Downtown Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.downtowndetroit.org
Learn more at the official website: www.downtowndetroit.org
Mission Statement of Detroit Downtown Inc
Detroit Downtown Inc, a notable organization, is primarily dedicated to ensuring the maintenance of a clean, safe, and aesthetically pleasing downtown area. To accomplish this mission, the organization solicits, receives, and administers funds with the specific objective of enhancing the downtown environment. Established in April 2014, Detroit Downtown Inc plays a crucial role in providing behind-the-scenes supplemental services that are relied upon by residents, downtown workers, visitors, and business and property owners. The organization contracts these services with the Detroit Downtown Inc, which operates within a budget of approximately $5.3 million, generated through assessments on over 500 commercial properties in the designated area. The board of directors, composed of 16 volunteer representatives from Detroit's diverse business community, oversees the operations of Detroit Downtown Inc. The organization's area of influence encompasses 140 city blocks, covering a 1.1 square mile area that stretches between three major highways and the Detroit River.
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Impact
October, 2024
Detroit Downtown Inc significantly enhances the urban environment and quality of life in downtown Detroit. Since its establishment in April 2014, it has focused on providing essential services aimed at maintaining a clean, safe, and beautiful downtown area. By creating the Downtown Detroit Business Improvement Zone (BIZ), the organization plays a pivotal role in the maintenance and improvement of a vast 1.1 square mile area, which includes 140 city blocks.
The BIZ operates on an annual budget of approximately $5.3 million, funded through assessments from over 500 commercial properties in the area. This financial backing enables the organization to contract vital services that support the fabric of the downtown community. These services include not just cleaning and landscaping, but also safety measures that positively impact residents, workers, visitors, and local businesses.
By fostering a clean and inviting environment, Detroit Downtown Inc contributes to community improvement, encourages tourism, and bolsters economic development. Its leadership, comprised of volunteer representatives from the diverse business community, ensures that the needs of various stakeholders are addressed, creating a more vibrant and welcoming downtown Detroit. Overall, the organization's efforts have made a measurable difference in revitalizing the downtown area and enhancing its appeal as a destination for all.
This information is meant to be a general summary of Detroit Downtown 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.
- Program Service Revenue: $5,268,753
- Gross Receipts: $5,310,253
Assets and Liabilities:
- Total Assets: $2,112,228
- Total Liabilities: $1,745,212
- Net Assets: $367,016
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BIZ REVENUE
Revenue
$5,268,753
Organization Details
Founding Year
1922
Phone
(313) 566-8250Principal Officer
Eric B Larson
Main Address
1 CAMPUS MARTIUS 380, DETROIT, MI, 48226
Website
www.downtowndetroit.orgNTEE Category
Code: S20 - Community improvement
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