Downtown Hyannis Community Development Corp

Tax-deductible

Hyannis, MA501(c)(3)Community DevelopmentEIN 83-2583271

The physical, social, and economic revitalization of the hyannis business improvement district.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $8K a year · 4% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $14K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$162K
-36% vs prior year
Spent
$183K
To programs
99%
Net assets
$20K
By yearFY2020–FY2024
Revenue
$162K
FY2024▼ -36%
Revenue by fiscal year
FY2020$187K
FY2021$8K
FY2022$127K
FY2023$252K
FY2024$162K
Expenses
$183K
FY2024▼ -26%
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$246K
FY2024$183K
Net assets
$20K
FY2024▼ -51%
Net assets by fiscal year
FY2020$25K
FY2021$986
FY2022$36K
FY2023$42K
FY2024$20K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $181K Management & general 1% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Downtown Hyannis Community Development Corp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Revitalizes Hyannis's business district physically, socially, and economically.

Provided by the organization

This section is blank until Downtown Hyannis Community Development Corp claims this page.

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1 program service account for $181K of program spending, described in the organization's own filed words · FY2024.
01

The physical, social, and economic revitalization of the hyannis business improvement district.

$181Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$14K
Grants paid · 32 grants · $298K · 2023–2024
Seaside SelectionsFY2024$13,930
Alberto's RistoranteFY2024$12,865
Aj MartFY2024$12,009
The Studio by the SeaFY2024$11,132
Tac Realty TrustFY2024$10,164
Fresh KetchFY2024$9,539
Palio PizzeriaFY2024$8,000
The Naked OysterFY2024$7,427
Duck Inn PubFY2024$7,286
Mclean's Barber ShopFY2024$7,237
Cape Cod InnFY2024$7,223
13 Grants 5000FY2023$49,764
Moonshine Leather CompanyFY2023$9,697
Mrs Mitchell's GiftsFY2023$9,632
Smith Family PopcornFY2023$8,000
Red StoreFY2023$8,000
PupcakesFY2023$8,000
Ninja HouseFY2023$8,000
See all 32 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$162K
Ln 12
Gifts and grantsLn 1h$162K
Money outPt IX
$183K
Ln 25
Programscol B$181K
Managementcol C$1K
Owns and owesPt X
$20K
net assets · Ln 32
Cash and savingsLn 1–2$20K
Total assetsLn 16$20K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$162K
Government grantsLn 1e$145K
Total revenueLn 12$162K
Assets in detailPt X, end of year
CashLn 1$20K
Cash and savings togetherLn 1–2$20K
Total assetsLn 16$20K
LiabilitiesLn 26$0
Net assetsLn 32$20K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$42K$20K
Total assetsLn 16$42K$20K
LiabilitiesLn 26$0$0
Net assetsLn 32$42K$20K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$107K$107K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$3K$3K
Other expenses (24a–d)Ln 24$68K$68K
All other expensesLn 24e$4K$4K
Total functional expensesLn 25$183K$181K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $162K$183K−$21K$20K 990 PDF
FY2023 $252K$246K$6K$42K 990 PDF
FY2022 $127K$36K 990 PDF
FY2021 $8K$986 990 PDF
FY2020 $187K$25K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $161,500 across 4 lines filed
VIII-1e Government grants$144,900
VIII-1f All other contributions, gifts and grants$16,600
VIII-1h Total contributions, gifts and grants$161,500
VIII-12 Total revenue$161,500
Part IX · Statement of functional expenses $182,812 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $106,812$106,812
IX-11c Accounting feesManagement $1,400$1,400
IX-11g Other fees for servicesPrograms $2,787$2,787
IX-24 Other expenses (24a–d)Programs $67,524$67,524
IX-24e All other expensesPrograms $4,289$4,289
IX-25 Total functional expensesPrograms $181,412 · Management $1,400 · Fundraising $0$182,812
Part X · Balance sheet $20,262 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $41,574$20,262
X-16 Total assetsStart of year $41,574$20,262
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $41,574$20,262
X-32 Total net assets or fund balancesStart of year $41,574$20,262
X-33 Total liabilities and net assetsStart of year $41,574$20,262
Part XI · Reconciliation of net assets $20,262 net assets at year end
XI-1 Total revenue$161,500
XI-2 Total expenses$182,812
XI-3 Revenue less expenses−$21,312
XI-4 Net assets at start of year$41,574
XI-10 Net assets at end of year$20,262

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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