DOWNTOWN HAMPTON DEVELOPMENT PARTNERSHIP

EIN: 541792945 501(c)(3) Community Improvement

HAMPTON, VA

Total Revenue
$801,776
Total Expenses
$847,391
Total Assets
$1,045,229
Net Assets
$929,595
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
VA
Principal Officer
STEPHEN MALLON
Phone
7577271271
Tax Period
2024-07-01 to 2025-06-30

DOWNTOWN HAMPTON DEVELOPMENT PARTNERSHIP, founded in 1995, is a small nonprofit in the Community Improvement sector that reported $802K in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

DHDP STRIVES TO IMPROVE THE ECONOMIC HEALTH AND QUALITY OF LIFE IN DOWNTOWN HAMPTON THROUGH ECONOMIC DEVELOPMENT INITIATIVES SUCH AS BUSINESS INCENTIVES AND TRANSPORTATION, SPECIAL EVENTS PRODUCTION, COOPERATIVE MARKETING PROGRAMS, PUBLIC SPACE BEAUTIFICATION PROGRAMS, AND WATERFRONT MANAGEMENT.

Program Service Accomplishments

Program 1
Expenses: $765,144 Revenue: $233,245

DHDP STRIVES TO IMPROVE THE ECONOMIC HEALTH AND QUALITY OF LIFE IN DOWNTOWN HAMPTON THROUGH ECONOMIC DEVELOPMENT INITIATIVES SUCH AS BUSINESS INCENTIVES AND TRANSPORTATION, SPECIAL EVENTS PRODUCTION...

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DHDP STRIVES TO IMPROVE THE ECONOMIC HEALTH AND QUALITY OF LIFE IN DOWNTOWN HAMPTON THROUGH ECONOMIC DEVELOPMENT INITIATIVES SUCH AS BUSINESS INCENTIVES AND TRANSPORTATION, SPECIAL EVENTS PRODUCTION, COOPERATIVE MARKETING PROGRAMS, PUBLIC SPACE BEAUTIFICATION PROGRAMS, AND WATERFRONT MANAGEMENT.

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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 $547,697
Program Service Revenue $233,225
Investment Income $20,834
Other Revenue $20
TOTAL REVENUE $801,776

Expense Breakdown

Grants Paid $0
Salaries & Benefits $393,962
Fundraising Expenses $0
Program Expenses $765,144
Other Expenses $453,429
TOTAL EXPENSES $847,391

Year-over-Year Comparison

2024 2023 Change
Revenue $801,776 $721,455 +0.1%
Expenses $847,391 $737,999 +0.1%
Net Income $-45,615 $-16,544 +1.8%
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

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Liquidity & Cash Position

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Governance

Voting Members
22
Independent Members
22
Employees
7
Volunteers
350

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
6
$128,800
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLYLE BLAND DIRECTOR 1.00
Director
$0 $0 $0
LANKFORD BLAIR DIRECTOR 1.00
Director
$0 $0 $0
DR KEVIN STEELE PRESIDENT 1.00
Officer Director
$0 $0 $0
BRIAN DEPROFIO DIRECTOR 1.00
Director
$0 $0 $0
GARRICK BLOUNT DIRECTOR 1.00
Director
$0 $0 $0
JOHN ISHON DIRECTOR 1.00
Director
$0 $0 $0
MARKO FRIGELJ DIRECTOR 1.00
Director
$0 $0 $0
RICK BAGLEY IMMEDIATE PAST PRESIDENT 1.00
Officer Director
$0 $0 $0
TAVONDA JENNINGS DIRECTOR 1.00
Director
$0 $0 $0
BOB HARPER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
TERRY SEARS SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD MURPHY DIRECTOR 1.00
Director
$0 $0 $0
MIKE SCHWARZ DIRECTOR 1.00
Director
$0 $0 $0
MARCO STERK DIRECTOR 1.00
Director
$0 $0 $0
DAVID HAMILTON DIRECTOR 1.00
Director
$0 $0 $0
DARRELL WILLIAMS DIRECTOR 1.00
Director
$0 $0 $0
GUY MOORMAN DIRECTOR 1.00
Director
$0 $0 $0
TERESA JACKSON TREASURER 1.00
Officer Director
$0 $0 $0
ROB SHUFORD DIRECTOR 1.00
Director
$0 $0 $0
SHARONDA BANKS DIRECTOR 1.00
Director
$0 $0 $0
JEFFREY SMITH DIRECTOR 1.00
Director
$0 $0 $0
STEPHEN MALLON EXECUTIVE DIRECTOR 40.00
Officer
$128,800 $0 $128,800
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 $801,776 $847,391 $1,045,229 $-45,615
2024 $721,455 $737,999 $1,047,366 $-16,544
2023 $743,338 $735,618 $1,064,590 $7,720
2022 $730,622 $799,410 $1,051,317 $-68,788
2021 $727,991 $564,355 $1,148,329 $163,636
2020 $716,625 $734,402 $940,079 $-17,777
2019 $736,218 $728,480 $993,477 $7,738
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