Overview
What is The Nh District Corporation?
The Nh District Corporation is a nonprofit organization primarily focused on revitalizing and economically redeveloping a significant portion of Downtown Richmond. Spanning approximately 10 city blocks and encompassing around 21 acres of publicly-owned property, this initiative aims to breathe new life into the area. One of their key projects involves replacing the current Richmond Coliseum, a prominent venue for concerts, sports events, and large-audience gatherings, with a modern, state-of-the-art arena. Another project involves renovating and repurposing the Blues Armory, an aged brick structure listed on the National Register of Historic Places, transforming it into a music venue and downtown food market. Despite the City Council's decision not to approve and proceed with the initiative, the organization continues its operations, as stated in the information provided.
Is The Nh District Corporation legitimate?
The Nh District Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Nh District Corporation 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 The Nh District Corporation?
The mission of The Nh District Corporation, in essence, revolves around the revitalization and economic redevelopment of a significant area. Specifically, they aim to transform approximately 10 city blocks, encompassing around 21 acres of publicly-owned property. Their objective includes overseeing a proposed public-private initiative, which encompasses replacing a large arena with a modern one, renovating and repurposing a historic armory, and redeveloping the surrounding areas. Regrettably, due to the city council's decision not to approve and proceed with the initiative, the organization has terminated its operations.
What is the revenue of The Nh District Corporation?
The Nh District Corporation's revenue in 2021 was $0.
Who are the executives of The Nh District Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Nh District Corporation?
The Nh District Corporation's most recent form 990 was submitted in 2021 and can be accessed here.
Mission Statement of The Nh District Corporation
The Nh District Corporation, a nonprofit entity, is dedicated to revitalizing and economically redeveloping approximately 10 city blocks in a downtown area, encompassing approximately 21 acres of publicly-owned property. Their mission involves overseeing a proposed public/private initiative aimed at replacing the existing Richmond Coliseum, a large, publicly-owned arena serving as a venue for concerts, sports events, and large-audience events, with a modern, state-of-the-art arena. Additionally, the organization planned to renovate and repurpose the publicly-owned Blues Armory, an aging brick armory listed on the National Register of Historic Places on May 17, 1976, transforming it into a music venue and downtown food market. Lastly, the initiative involved redeveloping the surrounding areas to further enhance the revitalization and economic growth of the designated district. Unfortunately, the City Council did not approve the initiative, leading the organization to terminate its operations.
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Impact
October, 2024
The NH District Corporation has significantly influenced the economic revitalization and urban redevelopment of approximately 10 city blocks in downtown Richmond, encompassing around 21 acres of publicly-owned land. This initiative aimed to enhance the city's vibrancy and economic potential through several key projects.
One of the primary objectives was to replace the existing Richmond Coliseum with a state-of-the-art arena, designed to host concerts, sporting events, and other large gatherings, thus attracting more visitors and creating new opportunities for commerce. Additionally, the organization sought to renovate the historic Blues Armory, transforming it into a lively music venue and downtown food market, thereby preserving cultural heritage while promoting local businesses.
Despite ambitious plans and collaboration with city officials, the initiative faced challenges that prevented city council approval. Ultimately, the organization has decided to terminate its operations, marking the end of a promising venture aimed at elevating Richmond's downtown landscape and enhancing community engagement. The impact of this initiative is felt in the discussions it sparked about revitalization and the potential for future redevelopment in the area.
This information is meant to be a general summary of The Nh District Corporation. 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 2021.
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2017
Principal Officer
Martin J Barrington
NTEE Category
Code: S30 - Community improvement
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