GARDEN CITY DOWNTOWN VISION INC

EIN: 721579374 Community Improvement

GARDEN CITY, KS

Total Revenue
$851,385
Total Expenses
$895,985
Total Assets
$251,772
Net Assets
$208,342
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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
KS
Principal Officer
DEBBIE REYNOLDS
Phone
6202760891
Tax Period
2024-01-01 to 2024-12-31

GARDEN CITY DOWNTOWN VISION INC, founded in 2004, is a small nonprofit in the Community Improvement sector that reported $851K in total revenue in fiscal year 2024. Revenue surged 163% from the prior year, signaling strong growth momentum.

Mission

GARDEN CITY DOWNTOWN VISION, INC. WAS CREATED FOR HISTORICAL PRESERVATION AND IS COMMITTED TO REVITALIZATION OF GARDEN CITY'S CENTRAL BUSINESS DISTRICT.

Program Service Accomplishments

Program 1
Expenses: $20,673 Revenue: $14,096

THE ORGANIZATION SPONSORS EVENTS TO ATTRACT MORE LOCAL AND REGIONAL PEOPLE TO THE DOWNTOWN AREA. IN 2024 1,383,409 VISITORS TO DOWNTOWN GARDEN CITY AND 31% WERE VISITORS FROM OVER 100 MILES AWAY...

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THE ORGANIZATION SPONSORS EVENTS TO ATTRACT MORE LOCAL AND REGIONAL PEOPLE TO THE DOWNTOWN AREA. IN 2024 1,383,409 VISITORS TO DOWNTOWN GARDEN CITY AND 31% WERE VISITORS FROM OVER 100 MILES AWAY. EVENTS INCLUDE:FALL FEST (12,106 IN ATTENDANCE, INCLUDING 28.7% FROM OUTSIDE OF FINNEY COUNTY)OVER 800 FAMILIES (INCLUDING KIDS 12 AND UNDER) ATTENDED DOWNTOWN DISCOVERY TOURS13,019 PEOPLE ATTENDED THE COMMERCE BANK CHRISTMAS PARADE.OVER 350 VOLUNTEER HOURS WERE TRACKED IN DOWNTOWN PROJECTS321,155 PEOPLE REACHED THROUGH FACEBOOK AND 7,934 FOLLOWERS12,923 PEOPLE REACHED THROUGH INSTAGRAM AND 1,521 FOLLOWERS33,680 NEWSLETTER VIEWSWHEN NOT PLANNING EVENTS, THE ORGANIZATION WORKS TO REVITALIZE THE DOWNTOWN DISTRICT THROUGH VARIOUS INCENTIVE OPPORTUNITIES (CURRENTLY LOANED OUT TO DOWNTOWN BUSINESSES OVER $200,000 AT 0% INTEREST) AND PROVIDES GUIDANCE TO POTENTIAL AND EXISTING BUSINESS OWNERS IN THE DOWNTOWN DISTRICT. IN 2024, NEW LOANS TOTALED $140,000 TO 10 DIFFERENT BUSINESSES.

Program 2
Expenses: $615,912 Revenue: $616,232

TO PROVIDE RENTAL SPACE, SALES STAFF, ADVERTISING AND RESOURCES FOR START UP BUSINESSES THROUGH THE MAIN STREET MARKET HUB WHICH INCLUDES 40 SMALL BUSINESSES IN ONE LOCATION AND SPOTLIGHTS POP UP...

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TO PROVIDE RENTAL SPACE, SALES STAFF, ADVERTISING AND RESOURCES FOR START UP BUSINESSES THROUGH THE MAIN STREET MARKET HUB WHICH INCLUDES 40 SMALL BUSINESSES IN ONE LOCATION AND SPOTLIGHTS POP UP VENDORS. THIS CONCEPT ALLOWS THE ENTREPRENEUR TO EXPERIENCE OWNING A BUSINESS DOWNTOWN WHY STILL KEEPING THEIR FULL-TIME JOB TO SUPPORT THEIR FAMILY AND GIVES THE BUDDING ENTRPRENEUR AN OPPORTUNITY TO SEE IF THE HOBBY THEY ENJOY HAS WHAT IT TAKES TO BE A SUCCESSFUL BUSINESS. GROSS SALES FOR THE FIRST FULL YEAR OF OPERATIONS WERE OVER $615,000.

Program 3
Expenses: $65,837 Revenue: $30,013

THE FOOD HALL WAS ESTABLISHED IN 2024 WITH THE PRIMARY GOAL OF REVITALIZING DOWNTOWN BY INTRODUCING A NEW DINING DESTINATION ON MAIN STREET. IT ALSO SERVES AS A RESTAURANT INCUBATOR, DESIGNED TO...

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THE FOOD HALL WAS ESTABLISHED IN 2024 WITH THE PRIMARY GOAL OF REVITALIZING DOWNTOWN BY INTRODUCING A NEW DINING DESTINATION ON MAIN STREET. IT ALSO SERVES AS A RESTAURANT INCUBATOR, DESIGNED TO SUPPORT ASPIRING CULINARY ENTREPRENEURS BY LOWERING THE FINANCIAL AND OPERATIONAL BARRIERS TYPICALLY ASSOCIATED WITH LAUNCHING A FOOD BUSINESS. BY PROVIDING AN ACCESSIBLE ENTRY POINT INTO THE INDUSTRY, THE FOOD HALL OFFERS A PLATFORM FOR NEW RESTAURATEURS TO GAIN VALUABLE EXPERIENCE AND BUILD THEIR BRAND. THIS CONCEPT, COMMONLY FOUND IN LARGER URBAN CENTERS, HAS BEEN THOUGHTFULLY ADAPTED TO SUIT THE UNIQUE NEEDS OF GARDEN CITY, A SMALLER, RURAL COMMUNITY.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $187,785
Program Service Revenue $660,341
Investment Income $3,259
Other Revenue $0
TOTAL REVENUE $851,385

Expense Breakdown

Grants Paid $0
Salaries & Benefits $160,260
Fundraising Expenses $0
Program Expenses $702,422
Other Expenses $735,725
TOTAL EXPENSES $895,985

Year-over-Year Comparison

2024 2023 Change
Revenue $851,385 $323,255 +1.6%
Expenses $895,985 $355,772 +1.5%
Net Income $-44,600 $-32,517 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
7
Employees
5
Volunteers
75

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
$65,958
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBBIE REYNOLDS PRESIDENT 1.00
Officer Director
$0 $0 $0
RICH HARP VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
SONYA CASTILLO SECRETARY 1.00
Officer Director
$0 $0 $0
BLAKE THACKERY DIRECTOR 1.00
Director
$0 $0 $0
SONYA ROTH DIRECTOR 1.00
Director
$0 $0 $0
MARIAH MAGANA DIRECTOR 1.00
Director
$0 $0 $0
RYAN KLAUS DIRECTOR 1.00
Director
$0 $0 $0
JANET BURR EXECUTIVE DIRECTOR 45.00
Officer
$65,958 $0 $65,958
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 $851,385 $895,985 $251,772 $-44,600
2023 $323,255 $355,772 $365,688 $-32,517
2021 $235,222 $147,964 $289,249 $87,258
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