CENTRAL BUSINESS DISTRICT ASSOC

EIN: 541384692

VIRGINIA BEACH, VA

Total Revenue
$671,440
Total Expenses
$629,140
Total Assets
$700,291
Net Assets
$590,908
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
VA
Principal Officer
JEANNE EVANS COX
Phone
7574907812
Tax Period
2023-01-01 to 2023-12-31

CENTRAL BUSINESS DISTRICT ASSOC, founded in 1986, is a small nonprofit that reported $279K in total revenue in fiscal year 2018. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $48K, a strong 17% operating margin.

Mission

THE CENTRAL BUSINESS DISTRICT ASSOCIATION OF VIRGINIA BEACH IS COMMITTED TO THE PURSUIT OF THE DEVELOPMENT AND IMPLEMENTATION OF A HIGH QUALITY MIXED-USE URBAN ENVIRONMENT FOR THE CENTRAL BUSINESS DISTRICT IN THE CITY OF VIRGINIA BEACH. THE MISSION OF THE ORGANIZATION WILL BE TO: 1) BUILD PUBLIC AWARENESS OF THE BENEFITS RESULTING FROM DEVELOPMENT OF THE CENTRAL BUSINESS DISTRICT AS THE CENTER FOR FINANCIAL, COMMERCIAL, PROFESSIONAL AND CULTURAL ACTIVITIES IN VIRGINIA BEACH. 2) STRENGTHEN THE VIRGINIA BEACH ECONOMIC BASE THROUGH THE EXPANSION OF EXISTING BUSINESSES IN AND THE ATTRACTION OF NEW BUSINESSES TO THE CENTRAL BUSINESS DISTRICT. 3 CREATE PUBLIC SPACES SUCH AS PARK AREAS WITHIN THE CENTRAL BUSINESS DISTRICT FOR COMMUNITY USE AND ENJOYMENT IN A SAFE AND CLEAN ENVIRONMENT. 4) CREATE NETWORKING OPPORTUNITIES FOR ITS MEMBERS TO ENHANCE THE ECONOMIC VITALITY OF ITS CONSTITUENCY 5) WORK WITH THE CITY TO SAFELY INTEGRATE ALL THE COMPONENT AREAS OF THE CENTRAL BUSINESS DISTRICT WITH EA

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $667,683
Investment Income $2,159
Other Revenue $1,598
TOTAL REVENUE $671,440

Expense Breakdown

Grants Paid $0
Salaries & Benefits $120,255
Fundraising Expenses $0
Program Expenses $617,114
Other Expenses $508,885
TOTAL EXPENSES $629,140

Year-over-Year Comparison

2023 2022 Change
Revenue $671,440 $645,096 +0.0%
Expenses $629,140 $428,089 +0.5%
Net Income $42,300 $217,007 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
60
Independent Members
60
Employees
1
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
12
$0
Total Directors
41
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MATT ASTRIN DIRECTOR N/A
Director
$0 $0 $0
LISA BAEHRE DIRECTOR N/A
Director
$0 $0 $0
MIKE BARNEY DIRECTOR N/A
Director
$0 $0 $0
C MAXWELL BARTHOLOMEW DIRECTOR N/A
Director
$0 $0 $0
ELWOOD BOONE DIRECTOR N/A
Director
$0 $0 $0
MATTHEW BRADY DIRECTOR N/A
Director
$0 $0 $0
STEVE BURKE DIRECTOR N/A
Director
$0 $0 $0
LISA CAFFERTY DIRECTOR N/A
Director
$0 $0 $0
ADAM CARROLL DIRECTOR N/A
Director
$0 $0 $0
LISA DECOSTE DIRECTOR N/A
Director
$0 $0 $0
MICHAEL B DIVARIS DIRECTOR N/A
Director
$0 $0 $0
NATHAN DRORY DIRECTOR N/A
Director
$0 $0 $0
SAM ESTEP DIRECTOR N/A
Director
$0 $0 $0
ERIC FOX DIRECTOR N/A
Director
$0 $0 $0
DAVE FRANCE DIRECTOR N/A
Director
$0 $0 $0
JEFFREY GRAY DIRECTOR N/A
Director
$0 $0 $0
BRYAN HICKMAN DIRECTOR N/A
Director
$0 $0 $0
KRISTEN HUBER DIRECTOR N/A
Director
$0 $0 $0
KEITH IRELAND DIRECTOR N/A
Director
$0 $0 $0
STEPHEN JONES DIRECTOR N/A
Director
$0 $0 $0
KRISTEN JURJEVICH CBDX PHILANT N/A
Director
$0 $0 $0
EVAN KALFUS DIRECTOR N/A
Director
$0 $0 $0
ANDREA KILMER DIRECTOR N/A
Director
$0 $0 $0
JAMES B LONERGAN DIRECTOR N/A
Director
$0 $0 $0
JEFF MCWATERS DIRECTOR N/A
Director
$0 $0 $0
MIKE MOLZAHN DIRECTOR N/A
Director
$0 $0 $0
SUSAN MURPHY DIRECTOR N/A
Director
$0 $0 $0
DAVE PARADISE DIRECTOR N/A
Director
$0 $0 $0
MEAGAN PARKER DIRECTOR N/A
Director
$0 $0 $0
CHRIS PERRY DIRECTOR N/A
Director
$0 $0 $0
DANIEL PETERSON DIRECTOR N/A
Director
$0 $0 $0
HARRIS PEZZELLA DIRECTOR N/A
Director
$0 $0 $0
SUSAN RALSTON DIRECTOR N/A
Director
$0 $0 $0
ERICA RORRER DIRECTOR N/A
Director
$0 $0 $0
TYLER ROSA DIRECTOR N/A
Director
$0 $0 $0
BURRELL F SAUNDERS DIRECTOR N/A
Director
$0 $0 $0
HOWARD SYKES DIRECTOR N/A
Director
$0 $0 $0
MARIANNA WALKER DIRECTOR N/A
Director
$0 $0 $0
BRIAN P WINFIELD DIRECTOR N/A
Director
$0 $0 $0
CHAS WRIGHT DIRECTOR N/A
Director
$0 $0 $0
MIKE ZEIDERS DIRECTOR N/A
Director
$0 $0 $0
KAITLIN BURKET CBDX PRESIDE N/A
Officer
$0 $0 $0
GERALD S DIVARIS FOUNDING MEM N/A
Officer
$0 $0 $0
LOUIS S HADDAD EXECUTIVE N/A
Officer
$0 $0 $0
SHELLY HAMPTON VICE PRESIDE N/A
Officer
$0 $0 $0
DANIEL HEATWOLE EXECUTIVE N/A
Officer
$0 $0 $0
STEPHEN J MCNULTY TREASURER N/A
Officer
$0 $0 $0
KATHY OWENS EXECUTIVE N/A
Officer
$0 $0 $0
ALBERT POOLE EXECUTIVE N/A
Officer
$0 $0 $0
RONALD C RIPLEY EXECUTIVE N/A
Officer
$0 $0 $0
JOASH SCHULMAN IMMED PAST P N/A
Officer
$0 $0 $0
MARK E SLAUGHTER SECRETARY N/A
Officer
$0 $0 $0
FREDERICK J NAPOLITANO SR FOUNDING MEM N/A
Officer
$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
2024 No data No data No data No data
2023 $671,440 $629,140 $700,291 $42,300
2022 $645,096 $428,089 $577,608 $217,007
2021 $545,085 $434,927 $397,851 $110,158
2020 $386,729 $398,085 $245,148 $-11,356
2019 $437,338 $460,175 $332,107 $-22,837
2018 $279,085 $231,539 $336,827 $47,546
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CENTRAL BUSINESS DISTRICT ASSOC with other nonprofits in Virginia and across the country.