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Downtown Hyannis Community Development Corp FY2023 filing

Tax-deductible

Hyannis, MA501(c)(3)Community Development EIN 83-2583271Revenue $252K in FY2023Latest return filed Jul 17, 2025

On file with the IRSHyannis, MATax-exempt since Jun 2019Publicly supported charity — 170(b)(1)(A)(vi)

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

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.0 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
$252K
+98% vs prior year
Spent
$246K
To programs
100%
Net assets
$42K
By yearFY2020–FY2024
Revenue
$252K
FY2023▲ +98%
Tap a bar for its year
Revenue by fiscal year
FY2020$187K
FY2021$8K
FY2022$127K
FY2023$252K
FY2024$162K
Expenses
$246K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$246K
FY2024$183K
Net assets
$42K
FY2023▲ +17%
Tap a bar for its year
Net assets by fiscal year
FY2020$25K
FY2021$986
FY2022$36K
FY2023$42K
FY2024$20K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

100 cents of each dollar spent went to programs.

Program services 100% · $245K Management & general 0% · $1K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990.

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

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.

Questions for Downtown Hyannis Community Development Corp

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1 program · $245K · in their own filed words · FY2023
01

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

$245Kprogram expense

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
South Shore Playhouse Associates INCFY2024$14K
Total grants receivedfrom 1 funder$14K
Grants paid · 32 grants · $298K · 2023–2024
Individual RecipientFY2024$13,930
Individual RecipientFY2024$12,865
Individual RecipientFY2024$12,009
The Studio by the SeaFY2024$11,132
Tac Realty TrustFY2024$10,164
Individual RecipientFY2024$9,539
Individual RecipientFY2024$8,000
The Naked OysterFY2024$7,427
Individual RecipientFY2024$7,286
Individual RecipientFY2024$7,237
Individual RecipientFY2024$7,223
13 Grants 5000FY2023$49,764
Moonshine Leather CompanyFY2023$9,697
Individual RecipientFY2023$9,632
Individual RecipientFY2023$8,000
Red StoreFY2023$8,000
PupcakesFY2023$8,000
Individual RecipientFY2023$8,000
See all 32 grants →

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$252K
Ln 12
Gifts and grantsLn 1h$252K
Money outPt IX
$246K
Ln 25
Programscol B$245K
Managementcol C$1K
Owns and owesPt X
$42K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$42K
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$252K
Government grantsLn 1e$202K
Total revenueLn 12$252K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
Total assetsLn 16$42K
LiabilitiesLn 26$0
Net assetsLn 32$42K
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 FY23End FY23
Cash and savingsLn 1–2$36K$42K
Total assetsLn 16$36K$42K
LiabilitiesLn 26$0$0
Net assetsLn 32$36K$42K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$191K$191K
Accounting feesLn 11c$1K$1K
Office expensesLn 13$360$360
Other expenses (24a–d)Ln 24$54K$54K
Total functional expensesLn 25$246K$245K$1K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Jul 17, 2025 $162K$183K−$21K$20K 990 PDF
FY2023 ViewingFiled with the IRS Jun 14, 2024 $252K$246K$6K$42K 990 PDF
FY2022Filed with the IRS Sep 7, 2023 $127K$36K 990 PDF
FY2021Filed with the IRS Jul 11, 2022 $8K$986 990 PDF
FY2020Filed with the IRS Oct 14, 2021 $187K$25K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $252,000 revenue, 12 lines filed
I-8 Contributions and grants$252,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$252,000
I-13 Grants and similar amounts paid$190,870
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$55,137
I-18 Total expenses$246,007
I-19 Revenue less expenses$5,993
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $252,000 across 4 lines filed
VIII-1e Government grants$202,000
VIII-1f All other contributions, gifts and grants$50,000
VIII-1h Total contributions, gifts and grants$252,000
VIII-12 Total revenue$252,000
Part IX · Statement of functional expenses $246,007 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $190,870$190,870
IX-11c Accounting feesManagement $1,000$1,000
IX-13 Office expensesPrograms $360$360
IX-24 Other expenses (24a–d)Programs $53,777$53,777
IX-25 Total functional expensesPrograms $245,007 · Management $1,000 · Fundraising $0$246,007
Part X · Balance sheet $41,574 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $35,581$41,574
X-16 Total assetsStart of year $35,581$41,574
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $35,581$41,574
X-32 Total net assets or fund balancesStart of year $35,581$41,574
X-33 Total liabilities and net assetsStart of year $35,581$41,574
Part XI · Reconciliation of net assets $41,574 net assets at year end
XI-1 Total revenue$252,000
XI-2 Total expenses$246,007
XI-3 Revenue less expenses$5,993
XI-4 Net assets at start of year$35,581
XI-10 Net assets at end of year$41,574

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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