Overview
What is Downtown Development Inc?
Downtown Development Inc, based in Bentonville, Arkansas, is a nonprofit organization dedicated to enhancing various aspects of the city. Their mission encompasses civic, charitable, patriotic, cultural, professional, commercial, and industrial improvement and preservation in Benton County. They carry out this mission by purchasing real estate, which they later sell to the city or other governmental units for civic or industrial development. This strategic approach contributes to the overall growth and betterment of Bentonville.
Is Downtown Development Inc legitimate?
Downtown Development Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Downtown Development 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
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What is the mission statement of Downtown Development Inc?
Downtown Development Inc was established with the objective of overseeing various phases of improvement and preservation in various sectors, including civic, charitable, cultural, professional, commercial, and industrial. The organization's primary activity involves purchasing real estate, which is later sold to either the city government or other relevant entities for civic or industrial development. In essence, Downtown Development Inc contributes to the betterment of a city's infrastructure and economic growth by facilitating property transactions for civic and industrial development purposes.
Who is the CEO of Downtown Development Inc?
Unavailable
What is the revenue of Downtown Development Inc?
Downtown Development Inc's revenue in 2022 was $21,812.
Who are the executives of Downtown Development Inc and what are their salaries?
Here are 3 key members and their salaries:
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- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Where can I find the form 990 for Downtown Development Inc?
Downtown Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Downtown Development Inc
Downtown Development Inc, as outlined in its mission statement, was established with the purpose of engaging in various business activities that promote the betterment of the city of Bentonville, Benton County, Arkansas. The organization's primary objective is to oversee all phases of civic, charitable, patriotic, cultural, professional, commercial, and industrial improvement and preservation. To accomplish this, Downtown Development Inc purchases real estate with the intention of selling it to the city of Bentonville or other governmental units at a later date for civic or industrial development. This strategic approach allows the organization to contribute significantly to the growth and development of the city, ultimately improving the overall quality of life for its residents.
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Impact
October, 2024
Downtown Development Inc. plays a crucial role in enhancing the quality of life in Bentonville, Arkansas, by focusing on various aspects of community improvement. Their efforts are directed towards the civic, charitable, patriotic, cultural, professional, commercial, and industrial betterment of the city. By purchasing and managing real estate with the intention of later selling it to the city or other governmental units, Downtown Development Inc. ensures that the land is utilized effectively for civic or industrial projects that benefit the community.
Through these initiatives, they contribute to the preservation and improvement of Bentonville’s identity and infrastructure, fostering a vibrant atmosphere that supports economic growth and community engagement. Their work not only enhances the aesthetic and functional aspects of the city but also promotes a sense of pride among residents and stimulates local commerce, making Bentonville a more attractive place to live, work, and visit.
This information is meant to be a general summary of Downtown Development 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: $21,812
- Gross Receipts: $1,095,104
Assets and Liabilities:
- Total Assets: $4,390
- Total Liabilities: $0
- Net Assets: $4,390
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Organization Details
Founding Year
1978
Main Address
PO BOX 1860, BENTONVILLE, AR, 71712
NTEE Category
Code: S31 - Community improvement
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