WILMINGTON DOWNTOWN INC Charity Report

Public IRS 990 nonprofit record

WILMINGTON DOWNTOWN INC

EIN 59-1752750 · Homeowners & Tenants Associations (L50)

What they do

to Promote The Economic Growth and Development of Downtown Wilmington.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $88.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders39 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

97.63%of revenue went to mission work88.7% of expenses · Program services

3.94%of revenue went to fundraising3.6% of expenses

$110.09spent for every $100 of revenueSpending was higher than revenue this year.

8.52%of revenue went to management and office costs7.7% of expenses

$1.15in assets for every $1 spent this yearSome assets cannot be spent right away.

25.8%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $89,331 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $82,400 for CHRISTINA HALEY (PRESIDENT / CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$885,635

Mission workProgram services$864,64597.63% of revenue88.7% of expenses

ManagementOffice and general costs$75,4398.52% of revenue7.7% of expenses

FundraisingAsking for donations$34,8823.94% of revenue3.6% of expenses

Total expenses$974,966110.09% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 88.7% mission · 7.7% management · 3.6% fundraisingTotal expenses: 110.09% of revenue

2023Expense mix: 88.9% mission · 7.4% management · 3.8% fundraisingTotal expenses: 90.90% of revenue

2022Expense mix: 91.5% mission · 6.6% management · 1.9% fundraisingTotal expenses: 87.27% of revenue

2021Expense mix: 83.8% mission · 10.9% management · 5.2% fundraisingTotal expenses: 90.07% of revenue

2020Expense mix: 82.3% mission · 12.4% management · 5.3% fundraisingTotal expenses: 95.48% of revenue

2019Expense mix: 84.1% mission · 10.2% management · 5.7% fundraisingTotal expenses: 100.81% of revenue

2018Expense mix: 79.6% mission · 12.9% management · 7.5% fundraisingTotal expenses: 96.74% of revenue

2017Expense mix: 84.3% mission · 11.3% management · 4.4% fundraisingTotal expenses: 88.87% of revenue

Money in and money out

Revenue$885,635

Expenses$974,966

Annual shortfall $89,331 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$864,645 · 88.7% of expenses

Management and office costs$75,439 · 7.7% of expenses

Fundraising$34,882 · 3.6% of expenses

See all reported dollar amounts

Revenue$885,635

Expenses$974,966

Assets$1,121,865

Income$902,134

Contributions$228,200

Mission work (program services)$864,645

Fundraising$34,882

Management and general$75,439

Accounting fees$23,280

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CHRISTINA HALEYPRESIDENT / CEO · 40 hrs/week $82,400

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (39)

CHRISTINA HALEYPRESIDENT / CEO

SANDRA RAYDIRECTOR

MIKE LARDIERIDIRECTOR

MILES LACKEYDIRECTOR

NANCY BULLOCKDIRECTOR

PATT NODAYDIRECTOR

PETER MALOFFDIRECTOR

RANDY REEVESTREASURER

RICHARD FORMODIRECTOR

ROB JONESDIRECTOR

ROB KAISERDIRECTOR

MCKAY SIEGELDIRECTOR

SHAWN BREEDLOVEDIRECTOR

STEPHANIE BERKMEYERDIRECTOR

STEPHANIE WALKERDIRECTOR

TOM DAVISCHAIR

TUFANNA BRADLEYDIRECTOR

TYLER CRALLEDIRECTOR

WILL DAUBEDIRECTOR

WILLIAM STOLZDIRECTOR

GARY COLEMENDIRECTOR

ANDREW COOKEVICE CHAIR

ANDREW HEWITTDIRECTOR

BOB PRESSELYDIRECTOR

BRENT WRIGHTDIRECTOR

CHANCE DUNBARDIRECTOR

CHERYL HARTSOEDIRECTOR

CLIFF PYRONDIRECTOR

COLLEEN COONSDIRECTOR

FREDIA BRADYDIRECTOR

MICHAEL NORMANDEAUDIRECTOR

GIRARD NEWKIRKDIRECTOR

ISABELLE SHEPHERDDIRECTOR

JENNIFER RIGBYDIRECTOR

KAITLYN RHONEHOUSEDIRECTOR

LANNIN BRADDOCKDIRECTOR

LAURENCE NADEAUDIRECTOR

LUKE WADDELLDIRECTOR

ANDREA TROCCIADIRECTOR

About this charity

Recognized since: January 1977
Location: 226 N Front Street Suite 130, Wilmington, NC 28401
County: New Hanover
In care of: Thomas Davis
Primary officer: Thomas Davis, Chair

How to reach them

WebsiteVisit the charity’s website Phone(910) 998-7744

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: EARNEY ACCOUNTANTS & ADVISORS PLLC
NTEE classification: Homeowners & Tenants Associations (L50)
IRS tax category: Homeowners & Tenants Associations