DOWNTOWN DOVER PARTNERSHIP CORPORATION

EIN: 510327371

DOVER, DE

Total Revenue
$9,750,931
Total Expenses
$1,145,635
Total Assets
$19,172,053
Net Assets
$15,792,298
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
DE
Principal Officer
TODD STONESIFER
Phone
3026782407
Tax Period
2024-07-01 to 2025-06-30

DOWNTOWN DOVER PARTNERSHIP CORPORATION, founded in 1990, is a community nonprofit that reported $9.8M in total revenue in fiscal year 2024. Revenue surged 113% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.6M, a strong 88% operating margin.

Mission

DEVELOP THE ECONOMIC, CULTURAL, AND HISTORIC RESOURCES OF DOWNTOWN DOVER, TO INCREASE BUSINESS/JOB OPPORTUNITIES AND TO DEVELOP THE COMMERCIAL AND RESIDENTIAL POTENTIAL OF THE CENTRAL DOWNTOWN DOVER AREA.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,166,411
Program Service Revenue $7,487
Investment Income $432,155
Other Revenue $144,878
TOTAL REVENUE $9,750,931

Expense Breakdown

Grants Paid $429,806
Salaries & Benefits $125,770
Fundraising Expenses $0
Program Expenses $872,616
Other Expenses $590,059
TOTAL EXPENSES $1,145,635

Year-over-Year Comparison

2024 2023 Change
Revenue $9,750,931 $4,588,562 +1.1%
Expenses $1,145,635 $909,192 +0.3%
Net Income $8,605,296 $3,679,370 +1.3%
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
17
Independent Members
17
Employees
2
Volunteers
N/A

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
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN VAN GORP VICE PRESIDE 1.00
Officer Director
$0 $0 $0
TODD STONESIFER PRESIDENT 1.00
Officer Director
$0 $0 $0
MAYOR ROBIN CHRISTIANSEN BOARD MEMBER 1.00
Director
$0 $0 $0
PETER BRADLEY TREASURER 1.00
Officer Director
$0 $0 $0
SARAH KEIFER SECRETARY 1.00
Officer Director
$0 $0 $0
COUNCILWOMAN TRICIA ARNDT BOARD MEMBER 1.00
Director
$0 $0 $0
SHARON DUCA BOARD MEMBER 1.00
Director
$0 $0 $0
CODI CANASA BOARD MEMBER 1.00
Director
$0 $0 $0
COUNCILMAN ROY SUDLER BOARD MEMBER 1.00
Director
$0 $0 $0
WILL GRIMES BOARD MEMBER 1.00
Director
$0 $0 $0
DR TERRELL HOLMES BOARD MEMBER 1.00
Director
$0 $0 $0
SUEDUKA GIBBS BOARD MEMBER 1.00
Director
$0 $0 $0
ZACHARY PREBULA BOARD MEMBER 1.00
Director
$0 $0 $0
JESSICA JACKSON BOARD MEMBER 1.00
Director
$0 $0 $0
SENATOR CHARLES PARADEE BOARD MEMBER 1.00
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
2025 $9,750,931 $1,145,635 $19,172,053 $8,605,296
2024 $4,588,562 $909,192 $8,980,515 $3,679,370
2024 No data No data No data No data
2023 $510,947 $505,926 $6,600,733 $5,021
2022 $480,902 $395,305 $5,229,804 $85,597
2021 $408,920 $261,084 $5,285,117 $147,836
2020 $379,922 $343,777 $5,247,683 $36,145
2018 $-203,775 $438,929 $5,862,035 $-642,704
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