Overview
What is Downtown Danville Association?
The Downtown Danville Association, operating under the name River District Association (RDA), is a dedicated nonprofit organization based in Danville, Virginia. Its primary goal is to foster commercial growth within the city's downtown area, aiming to make it a thriving hub of businesses, civic life, and community pride. RDA achieves this mission by attracting and retaining businesses, residents, and visitors, all while promoting Danville's exceptional quality of life. The organization takes a proactive approach in preserving the area's historic and cultural assets, capitalizing on its unique location along the Dan River. RDA works in close collaboration with the City of Danville and other stakeholders, regularly reexamining its vision as the area evolves and achieves significant milestones. With a team of four dedicated individuals, RDA plays a vital role in shaping the future of Danville's downtown district.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Star rating.
The Downtown Danville Association, operating as the River District Association, has achieved a Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization scored 94% in this category, indicating a solid commitment to transparency and effective management of resources.
Key strengths include a fully independent board of directors, rigorous financial audits, and clear policies regarding conflicts of interest and whistleblowing. The organization also maintains a favorable liabilities-to-assets ratio of 3.40%, alongside a program expense ratio of 76.77%, demonstrating a focus on programmatic spending which benefits the community.
While the organization has shown exemplary scores in various accountability metrics, the summary does not highlight any specific limitations or areas for improvement. Overall, the high rating suggests that the Downtown Danville Association is effectively utilizing its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Danville Association legitimate?
Downtown Danville Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Danville Association 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.
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What is the mission statement of Downtown Danville Association?
The Downtown Danville Association, known as the River District Association, aims to ensure the long-term viability of its district as a hub for business and community life. Their mission is accomplished through various activities, including attracting and retaining businesses, residents, and visitors. They promote the district's high quality of life, preserve its historical and cultural assets, and utilize its unique location along the Dan River. The association works in collaboration with the city of Danville and other stakeholders to regularly reassess and adapt to changes in the area, striving to achieve significant milestones.
What is the revenue of Downtown Danville Association?
Downtown Danville Association's revenue in 2023 was $579,150.
Who are the executives of Downtown Danville Association and what are their salaries?
Here are 14 key members and their salaries:
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Where can I find the form 990 for Downtown Danville Association?
Downtown Danville Association's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Downtown Danville Association
The Downtown Danville Association Dba River District Association aims to ensure the long-term viability of Danville's River District as a hub of business and civic life, serving as a source of community pride. To accomplish this mission, the organization implements various activities to attract, retain, and engage businesses, residents, and visitors. The association promotes Danville's high quality of life, preserves its historic and cultural assets, and leverages its unique location along the Dan River. The Downtown Danville Association works in collaboration with the City of Danville and other stakeholders to periodically reevaluate this vision as the area evolves and achieves significant milestones.
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Impact
July, 2024
The Downtown Danville Association, doing business as the River District Association, plays a vital role in promoting commercial growth in the downtown area of Danville, VA. Their mission is to ensure the long-term viability of Danville's River District as a center of business and civic life while fostering community pride. Through their efforts to attract and retain businesses, residents, and visitors, the association contributes to the overall economic development and quality of life in the city. By preserving the area's historic and cultural assets and leveraging its unique location along the Dan River, the River District Association collaborates with the City of Danville and other stakeholders to continually enhance the area's vision and adapt to changing circumstances. Their work not only benefits the local community but also contributes to the broader goal of community improvement.
This information is meant to be a general summary of Downtown Danville Association. 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 2023.
- Gross Receipts: $579,150
Assets and Liabilities:
- Total Assets: $879,623
- Total Liabilities: $20,344
- Net Assets: $859,279
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Organization Details
Founding Year
2000
Principal Officer
Rachel Covington
NTEE Category
Code: S30 - Community improvement
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