Overview
What is Wilson Downtown Properties Inc?
Wilson Downtown Properties Inc is a nonprofit organization situated in Wilson, North Carolina. Their primary focus is on acquiring and renovating properties within the downtown area of Wilson, aiming to drive community and economic investment. They achieve this through a combination of economic development, art, culture, innovation, and preservation projects. By embracing these various aspects, Wilson Downtown Properties Inc aims to fully realize the vision of historic downtown Wilson, NC, ultimately contributing to its overall growth and revitalization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating. This rating reflects the organization's performance in accountability and finance, indicating that while there are strengths, there is room for improvement in overall effectiveness.
Wilson Downtown Properties Inc demonstrates strong governance with 100% of its board members being independent, which contributes to a responsible oversight framework. The organization maintains a very low liabilities to assets ratio of 0.00%, showcasing financial stability. Additionally, its program expense ratio of 76.88% indicates a commitment to spending the majority of its funds on its programs rather than administrative costs.
Despite these positive aspects, the overall Two-Star rating suggests that the organization does not fully meet higher standards set by Charity Navigator. There may be challenges in areas that are not highlighted in the strengths, which could reflect on the organization's operational transparency and effectiveness in achieving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Wilson Downtown Properties Inc legitimate?
Wilson Downtown Properties Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Wilson Downtown Properties 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: $0
For more financial information, click here
What is the mission statement of Wilson Downtown Properties Inc?
Wilson Downtown Properties Inc is involved in creating and placing making, as well as property redevelopment projects. Their mission is to drive community and economic investment through economic development, art, culture, innovation, and preservation. This endeavor aims to realize the vision of a historic downtown area, fully utilizing its potential. The company also focuses on acquiring and renovating properties to contribute to this revitalization effort.
Who is the CEO of Wilson Downtown Properties Inc?
Frank Kidd is the Director of Wilson Downtown Properties Inc.
What is the revenue of Wilson Downtown Properties Inc?
Wilson Downtown Properties Inc's revenue in 2023 was $105,547.
Who are the executives of Wilson Downtown Properties Inc and what are their salaries?
Here are 11 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Wilson Downtown Properties Inc?
Wilson Downtown Properties Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Wilson Downtown Properties Inc
Wilson Downtown Properties Inc is committed to driving community and economic investment through placemaking and property redevelopment projects. Their mission involves utilizing economic development, art, culture, innovation, and preservation strategies. By doing so, they aim to fully realize the vision of historic downtown Wilson, NC. This organization is actively involved in acquiring and renovating properties in the downtown area, contributing to the overall development and revitalization of the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Wilson Downtown Properties Inc significantly impacts the community and economy of Wilson, NC, through its dedicated efforts in property redevelopment and placemaking. By acquiring and renovating properties in the historic downtown area, the organization enhances the aesthetic and functional qualities of the space, fostering a vibrant environment that attracts both residents and visitors.
The focus on economic development, coupled with the integration of art and culture, helps cultivate a unique downtown atmosphere. This creative approach to revitalization not only preserves the rich history of Wilson but also stimulates local business growth and investment. The initiatives led by Wilson Downtown Properties Inc drive community engagement, encourage innovation, and promote sustainable development, ultimately aligning with the vision of a thriving historic district.
Through these efforts, the organization plays a crucial role in transforming downtown Wilson into a hub of activity and connectivity, enhancing the quality of life for its inhabitants and paving the way for future economic opportunities.
This information is meant to be a general summary of Wilson Downtown Properties 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 2023.
- Investment Income: $17
- Program Service Revenue: $29,480
- Gross Receipts: $105,547
Assets and Liabilities:
- Total Assets: $283,907
- Total Liabilities: $0
- Net Assets: $283,907
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
Revenue
$20,000
FEES-FARMERS MARKET
Revenue
$7,680
PARKING LOT/BUILDING RENT
Revenue
$1,800
Organization Details
Founding Year
1996
Phone
(252) 206-5260Principal Officer
Frank Kidd
Main Address
PO BOX 10, WILSON, NC, 278940010
NTEE Category
Code: S31 - Community improvement
If you are a representative of Wilson Downtown Properties Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.