2024-10-25T15:17:09-05:00 2023-12-31 540504608 BROWN EDWARDS & COMPANY LLP 1909 FINANCIAL DRIVE HARRISONBURG VA 22801 990 2023-01-01 582675553 HARRISONBURG DOWNTOWN RENAISSANCE HARR 5404328922 217 S LIBERTY STREET 204 HARRISONBURG VA 22801 ANDREA DONO EXECUTIVE DIRECTOR 5404328922 2024-10-25 1 JAMES R FRIES P01320612 5404346736 2024-10-24 2023 2024-10-15 13:58:12Z ANDREA DONO 217 S LIBERTY STREET 204 HARRISONBURG VA 22801 1313936 0 X WWW.DOWNTOWNHARRISONBURG.ORG X 2003 VA HDR IS A DESIGNATED MAIN STREET AMERICA COMMUNITY FOCUSED ON THE ON-GOING REVITALIZATION OF HISTORIC DOWNTOWN HARRISONBURG. 17 17 7 77 0 0 354620 651050 126779 160695 13351 16144 211784 240622 706534 1068511 79265 13500 0 0 234407 280429 0 0 81473 387623 451221 701295 745150 5239 323361 859245 1484576 166058 461186 693187 1023390 X HDR'S MISSION IS TO BUILD A DOWNTOWN DESTINATION WHERE BUSINESSES THRIVE AND PEOPLE ENJOY MEMORABLE EXPERIENCES. THIS IS ACHIEVED THROUGH DIRECT SMALL BUSINESS ASSISTANCE, DESTINATION MARKETING, EVENTS, BEAUTIFICATION PROJECTS, GRANTS, AND OTHER COMMUNITY BUILDING ACTIVITIES. 0 0 163212 66741 HDR USES DESTINATION MARKETING STRATEGIES TO PROMOTE THE HISTORIC DOWNTOWN, LOCAL BUSINESSES, AND ATTRACTIONS AND AMENITIES TO LOCAL RESIDENTS AND TOURISTS. THIS HELPS US ATTRACT NEW AND RETURNING CUSTOMERS TO THE DISTRICT, TALENT FOR AREA EMPLOYERS, STUDENTS AND FACULTY TO HARRISONBURG UNIVERSITIES, AND TOURISTS. IN 2023, HDR LED MULTIPLE MULTIMEDIA CAMPAIGNS TO PROMOTE THE DISTRICT, WEEKLY EVENTS, RESTAURANT MONTH, HOLIDAY SHOPPING, COMMUNITY FESTIVALS, IN ADDITION TO EDUCATING THE COMMUNITY ABOUT OUR ACTIVITIES AND THE WORK WE DO. 113485 13500 HDR SPECIALIZES IN PEOPLE-BASED AND PLACED-BASED ECONOMIC DEVELOPMENT. OUR STRATEGIES FOCUS ON MATCHING ENTREPRENEURS WITH VACANCIES AND STRENGTHENING EXISTING BUSINESSES SO THEY CAN ATTRACT MORE CUSTOMERS AND GROW THEIR BOTTOM LINES. OUR WORK CREATES AND RETAINS JOBS, CREATES OPPORTUNITIES FOR ENTREPRENEURS, AS WELL AS BOOSTS THE CITY'S TAX BASE. OUR PROGRAMS INCLUDE GRANTS, CUSTOMIZED TECHNICAL ASSISTANCE, PLACEMAKING, NETWORKING OPPORTUNITIES, INFORMATION AND RESOURCES. BY THE END OF 2023, DOWNTOWN HAD ITS LOWEST VACANCY RATE SINCE HDR GOT STARTED. SINCE 2020, HDR HAS PROVIDED $150,000 TO DOWNTOWN SMALL BUSINESS GRANTS AND TECHNICAL ASSISTANCE. HDR HAS ALSO CONTINUED TO SUPPORT THE B-CUBED PROGRAM DESIGNED TO ASSIST OUR AREA'S BLACK- AND BROWN-OWNED BUSINESSES BY SECURING A $50,000 GRANT TO FUND THE PROGRAM. WE ALSO COMPLETED THE DESIGN PHASE OF A NEW DOWNTOWN POCKET PARK AND SECURED A $75,000 GRANT TO SEED ITS CONSTRUCTION. 215245 96508 HDR PRODUCES FREE PUBLIC EVENTS TO BUILD COMMUNITY, ENHANCE QUALITY OF LIFE FOR RESIDENTS, ATTRACT TOURISTS, BOOST FOOT TRAFFIC AND EXPOSURE FOR SMALL BUSINESSES, GENERATE TAX REVENUE AND SALES AT BUSINESSES, AND STRENGTHEN COMMUNITY PRIDE AND COHESION THROUGH TOGETHERNESS. ANNUAL EVENTS INCLUDE DOWNTOWN HAPPY HOUR, A CHARCUETERIE BOARD WORKSHOP, BESTWEEKENDEVER, INDEPENDENCE DAY FIREWORKS, BLOCK PARTY IN THE BURG, SKELETON FEST, VETERANS PARADE, AND WINTER WONDERFEST. THESE EVENTS LARGELY TOOK PLACE OUTDOORS AND ENCOURAGED PARTICIPANTS TO CIRCULATE THROUGHOUT THE DOWNTOWN TO DISCOVER BUSINESSES AND TO ENJOY FREE ENTERTAINMENT IN THE HEART OF THE COMMUNITY. LAST YEAR, HDR ALSO LAUNCHED A FREE, NEW 10-WEEK SUMMERTIME CONCERT SERIES. TOTAL ATTENDANCE FOR HDR'S 25 EVENTS THIS YEAR EXCEEDED 59,600. 491942 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 41 7 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 1 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 0 0 X X THE ORGANIZATION 5404328922 217 S LIBERTY STREET 204 HARRISONBURG VA 22801 BRAD COHEN PRESIDENT 0.50 X X 0 0 0 JAIREMY DROOGER VICE PRESIDENT 0.50 X X 0 0 0 PHIL SAUNDERS SECRETARY 0.50 X X 0 0 0 MEGAN ARGENBRIGHT TREASURER 1.00 X X 0 0 0 DANA HARSHBERGER TREASURER 1.00 X X 0 0 0 JUSTIN BANKS DIRECTOR 0.50 X 0 0 0 JESSICA BROWN DIRECTOR 0.50 X 0 0 0 THOMAS GLADIN DIRECTOR 0.50 X 0 0 0 MIKE GOCHENOUR DIRECTOR 0.50 X 0 0 0 CHRISTOPHER JONES DIRECTOR 0.50 X 0 0 0 KRISTIN LA PORTA DIRECTOR 0.50 X 0 0 0 AARON LUDWIG DIRECTOR 0.50 X 0 0 0 KIRSTEN MOORE DIRECTOR 0.50 X 0 0 0 MELISSA NGUYEN DIRECTOR 0.50 X 0 0 0 JONAH PENCE DIRECTOR 0.50 X 0 0 0 ANDY PERRINE DIRECTOR 0.50 X 0 0 0 KATE SCHMUFF DIRECTOR 0.50 X 0 0 0 JEN SODIKOFF DIRECTOR 0.50 X 0 0 0 ANDREA DONO EXECUTIVE DIRECTOR 40.00 X 82240 0 10246 82240 0 10246 0 0 0 0 0 401760 249290 16756 651050 EVENT REVENUE 900099 93954 93954 GIFT CERTIFICATES 900099 66741 66741 160695 16144 16144 25176 32488 -7312 -7312 452900 207520 245380 245380 6945 5417 1528 1528 MISCELLANEOUS 713990 1026 1026 1026 1068511 163249 0 254212 13500 13500 98804 65212 16796 16796 158452 104580 26936 26936 3166 2090 538 538 8341 5505 1418 1418 11666 7700 1983 1983 994 994 18311 18311 675 675 51734 23216 28518 58623 58623 21135 15851 5284 621 621 FESTIVAL EXPENSE 215460 215460 DOWNTOWN DOLLAR EXPENSE 52653 52653 BANK CARD FEES 21011 21011 OTHER EXPENSES 10004 2026 7978 745150 491942 171735 81473 679299 850367 2144 162614 14662 14662 0 0 82867 91076 94935 380519 859245 1484576 72823 101251 93235 359935 166058 461186 X 691200 1020213 1987 3177 693187 1023390 859245 1484576 323361 6842 0 X 0 1 X 1 0 X 286364 343203 361405 354620 651050 1996642 286364 343203 361405 354620 651050 1996642 1996642 7069 4136 8186 13351 16144 48886 2045528 2798607 0.97610 0.97730 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14662 14662 0 0 SECURITY DEPOSIT 1700 OPERATING LEASE 94003 FUNDS HELD FOR OTHER ENTITY 284816 380519 OPERATING LEASE 75119 FUNDS HELD FOR OTHER ENTITY 284816 359935 1361658 6842 40880 245425 293147 1068511 0 1068511 1031455 40880 245425 286305 745150 0 745150 PART XI, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSE ROUNDING MERCHANDISE COST RAFFLE AND GAMING EXPENSE PART XII, LINE 2D - OTHER ADJUSTMENTS: EVENT EXPENSE ROUNDING MERCHANDISE COST RAFFLE AND GAMING EXPENSE TICKET SALES 25176 25176 32488 25176 25176 32488 32488 -7312 452900 123522 77866 6132 0 452900 123522 77866 6132 207520 245380 VA 1 0 1 0 1.00000 ANDREA DONO 217 S LIBERTY STREET 204 HARRISONBURG VA 22801 0 ANDREA DONO 8224 MARKETING, COORDINATION OF TICKET SALES, RAFFLE ADMINISTRATION, ACQUISITION AND DELIVERY OF PRIZES, RECORDKEEPING AND REPORTING X 1 452900 0 BRICKS AND CLICKS 1 2500 DESTINATION DOWNTOWN GRANT 2 10000 INCLUSIVE ARTS PROGRAMMING GRANT 1 1000 FORM 990, PART VI, SECTION A, LINE 4 BYLAWS REVISIONS INCLUDED CLARITY AROUND EMERGENCY BYLAWS NOT BEING ALLOWED TO MAKE A PROVISION TO TERMINATE OR THREATEN TO TERMINATE THE ORGANIZATION'S EXEMPT STATUS; CLARITY AROUND THE NONSTOCK CORPORATION SECTION "THE ORGANIZATION MAY PAY COMPENSATION IN A REASONABLE AMOUNT TO ITS OFFICERS FOR SERVICES RENDERED, INCLUDING PENSIONS, AND MAY MAKE DISTRIBUTIONS AS PERMITTED BY APPLICABLE LAW, THE CODE, AND THESE BYLAWS, UPON DISSOLUTION OR FINAL LIQUIDATION AND NO SUCH PAYMENT, BENEFIT, OR DISTRIBUTION SHALL BE DEEMED TO BE A DIVIDEND OR A DISTRIBUTION OF INCOME; ALLOWING FOUNDING BOARD MEMBERS TO SERVE TERMS WITHOUT RESTRICTION ON THE NUMBER OF TERMS BUT ONCE THEY HAVE EXCEEDED REGULAR TERMS, THEY WILL BECOME A NON-VOTING MEMBER; ALLOW VIRTUAL MEETING PARTICIPATION; ALLOW PROXY VOTING; AND ADDED A NEW ARTICLE ON LIMITATION OF LIABILITY AND INDEMNIFICATION TO ALIGN WITH STATE CODE. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE 990 IS PROVIDED TO THE DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ACCORDING TO THE CONFLICT OF INTEREST POLICY, BOARD MEMBERS ARE ASKED TO DISCLOSE POTENTIAL CONFLICTS WHENEVER THEY OCCUR. THIS IS MONITORED BY THE BOARD AND THE STAFF THROUGH REGULAR COMMUNICATIONS. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION AND BENEFITS OF THE EXECUTIVE DIRECTOR ARE REVIEWED AND ADJUSTED AS DEEMED APPROPRIATE DURING THE ANNUAL BUDGET REVIEW AND APPROVAL PROCESS PERFORMED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S 990 IS AVAILABLE FOR PUBLIC VIEWING ON WWW.GUIDESTAR.ORG AND SIMILAR WEBSITES. THE ORGANIZATION WILL PROVIDE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS FOR VIEWING WITHIN A REASONABLE TIMEFRAME UPON REQUEST.