DOWNTOWN BLACKSTONE INC

EIN: 208761491 501(c)(3) Community Improvement

BLACKSTONE, VA

Total Revenue
$117,452
Total Expenses
$74,871
Total Assets
$110,257
Net Assets
$85,256
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
VA
Principal Officer
NANCY ALEXANDER
Phone
4342923041
Tax Period
2023-01-01 to 2023-12-31

DOWNTOWN BLACKSTONE INC, founded in 2007, is a small nonprofit in the Community Improvement sector that reported $117K in total revenue in fiscal year 2023. Revenue surged 48% from the prior year, signaling strong growth momentum. The organization ran a surplus of $43K, a strong 36% operating margin.

Mission

DOWNTOWN BLACKSTONE, INC. WILL PROVIDE LEADERSHIP IN DEVELOPING AND PROMOTING DOWNTOWN BLACKSTONE AS AN INVITING PLACE TO VISIT AND SHOP, A PRODUCTIVE PLACE TO WORK AND A PROFITABLE PLACE TO INVEST. WE WILL ACCOMPLISH THIS MISSION * THROUGH BUILDING PARTNERSHIPS AND COALITIONS WITH MERCHANTS, PROPERTY OWNERS, DEVELOPERS AND GOVERNMENT ENTITIES; * THROUGH WORKING TO ENHANCE AND IMPROVE THE LOOK AND FEEL OF THE DOWNTOWN STREETSCAPE; AND * THROUGH FOSTERING VIBRANCE THAT ATTRACTS DEVELOPMENT AND REDEVELOPMENT.THESE ACTIVITIES WILL RESUL IN LONG-TERM SUSTANIABLE GROWTH IN THE DOWNTOWN BUSINESS COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $71,449

ECONOMIC RESTRUCTURING - THE ECONOMIC RESTRUCTURING COMMITTEE HAS THE JOB OF IDENTIFYING NEW MARKET OPPORTUNITIES FOR THE TRADITIONAL COMMERCIAL DISTRICT, FINDING NEW USEDS FOR HISTORIC COMMERCIAL...

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ECONOMIC RESTRUCTURING - THE ECONOMIC RESTRUCTURING COMMITTEE HAS THE JOB OF IDENTIFYING NEW MARKET OPPORTUNITIES FOR THE TRADITIONAL COMMERCIAL DISTRICT, FINDING NEW USEDS FOR HISTORIC COMMERCIAL BUILDINGS AND STIMULATING INVESTMENT IN PROPERTY. TO SUCCEED, THIS COMMITTEE MUST DEVELOP A THOROUGH UNDERSTANDING OF THE COMMUNITY'S ECONOMIC CONDITION AND OPPORTUNITIES FOR INCREMENTAL MARKET GROWTH. SPECIFICALLY: * STRENGTHENING EXISTING BUSINESSES AND RECRUITING NEW ONES, * FINDING NEW ECONOMIC USES FOR TRADITIONAL MAIN STREET BUILDINGS, * DEVELOPING FINANCIAL INCESTIVES AND CAPITAL FOR BUILDING REHABILITATIONS AND BUSINESS DEVELOPMENT; * MONITORING THE ECONOMIC PERFORMANCE OF THE DISTRICT. * ECONOMIC RESTRUCTURING PLAN.

Program 2

DESIGN - THE DESIGN COMMITTEE PLAYS A KEY ROLE IN SHAPING THE PHYSICAL IMAGE OF MAIN STREET AS A PLACE ATTRACTIVE TO SHOPPERS, INVESTORS, BUSINESS OWNERS AND VISITORS. TO SUCCEED THIS COMMITTEE MUST...

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DESIGN - THE DESIGN COMMITTEE PLAYS A KEY ROLE IN SHAPING THE PHYSICAL IMAGE OF MAIN STREET AS A PLACE ATTRACTIVE TO SHOPPERS, INVESTORS, BUSINESS OWNERS AND VISITORS. TO SUCCEED THIS COMMITTEE MUST PERSUADE BUSINESS OWNERS, BUILDING OWNERS AND CIVIC LEADERS TO ADOPT A SPECIFIC APPROACH FOR PHYSICAL IMPROVEMENTS TO BUILDINGS, BUSINESSESS AND PUBLIC IMPROVEMENTS. SPECIFICALLY - * EDUCATING OTHERS ABOUT GOOD DESIGN, - ENHANCING THE IMAGE OF EACH BUSINESS AS WELL AS THAT OF THE DISTRICT, * PROVIDING GOOD DESIGN ADVICE - ENCOURAGING QUALITY IMPROVEMENTS TO PRIVATE PROPERTIES AND PUBLIC SPACES;

Program 3

PROMOTIONS AND ORGANIZATION - THESE COMMITTEES HAVE THE JOB OF PROMOTING DOWNTOWN AS THE CENTER OF COMMERCE, CULTURE AND COMMUNITY LIFE FOR RESIDENTS AND VISITORS ALIKE. TO BE EFFECTIVE THEY MUST...

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PROMOTIONS AND ORGANIZATION - THESE COMMITTEES HAVE THE JOB OF PROMOTING DOWNTOWN AS THE CENTER OF COMMERCE, CULTURE AND COMMUNITY LIFE FOR RESIDENTS AND VISITORS ALIKE. TO BE EFFECTIVE THEY MUST MOVE BEYOND COOKIE-CUTTER DOWNTOWN PROMOTION IDEAS. SPECIFICALLY - * UNDERSTANDING THE CHANGING MARKET - IDENTIFYING BOTH POTENTIAL SHOPPERS AND THE COMPETITION; * IDENTIFYING DOWNTOWN ASSETS - INCLUDING PEOPLE, BUILDINGS, HERITAGE AND INSTITUTIONS; * DEFINING MAIN STREETS MARKET NICHE - ITS UNIQUE POSITION IN THE MARKETPLACE:

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $109,442
Program Service Revenue $8,010
Investment Income $0
Other Revenue $0
TOTAL REVENUE $117,452

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,335
Fundraising Expenses $0
Program Expenses $71,449
Other Expenses $58,536
TOTAL EXPENSES $74,871

Year-over-Year Comparison

2023 2022 Change
Revenue $117,452 $79,194 +0.5%
Expenses $74,871 $77,358 0.0%
Net Income $42,581 $1,836 +22.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
N/A
Employees
1
Volunteers
11

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANNA LESTER Director 2.00
Director
$0 $0 $0
JAKE ALLMAN Director 0.00
Director
$0 $0 $0
CHASTIDDY BRYANT EX OFFICIO 0.00
Director
$0 $0 $0
KELLY CHANEY President 10.00
Officer Director
$0 $0 $0
NANCY ALEXANDER Executive Dir. 20.00
Officer Director
$0 $0 $0
MICHAEL BAGLEY Director 2.00
Director
$0 $0 $0
JAN DANIEL Vice Chair 2.00
Officer Director
$0 $0 $0
MARY BISHOP Director 2.00
Director
$0 $0 $0
FRANNIE SCHWABENTON Director 2.00
Director
$0 $0 $0
SUSAN JENKINS Treasurer 2.00
Officer Director
$0 $0 $0
DALE HINTON Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $117,452 $74,871 $110,257 $42,581
2022 $79,194 $77,358 $74,011 $1,836
2021 $98,716 $100,285 $73,199 $-1,569
2020 $56,613 $38,761 $73,750 $17,852
2019 $68,229 $60,146 $50,126 $8,083
2018 $57,070 $63,138 $40,851 $-6,068
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