Nonprofit · EIN 16-1434067
DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC
Tax-exempt · CANANDAIGUA, NY 14424
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $222,867 | $227,520 | -$4,653 | $67,288 | $13,430 | $53,858 |
| December 31, 2023 | 990 | $191,704 | $185,976 | $5,728 | $90,234 | $28,447 | $61,787 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $93,000
- of which government grants
- $93,000
- Program service revenue
- $44,749
- Investment income
- $0
- Net income from fundraising events
- $85,118
- Other revenue
- $85,118
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $53,544
- Other salaries and wages
- $23,877
- Salaries, compensation and benefits (total)
- $89,303
- Professional fundraising fees
- $0
- Occupancy
- $15,090
- Depreciation
- $1,247
- Program services (functional)
- $84,822
- Management and general (functional)
- $142,698
Balance sheet and other
- Total assets, start of year
- $90,234
- Total assets, end of year
- $67,288
- Total liabilities, end of year
- $13,430
- Net assets, end of year
- $53,858
- Land, buildings and equipment
- $3,014
- Net assets without donor restrictions
- $53,858
- Gross receipts
- $222,867
- Employees
- 4
- Volunteers
- 0
- Year formed
- 1992
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Denise Chaapel | Executive Director Officer | 40 | $53,544 |
| Jeff Anthony | President Trustee or director, Officer | 1 | $0 |
| Stephen Cole | Vice President Trustee or director, Officer | 1 | $0 |
| Rick Brown | Secretary Trustee or director, Officer | 1 | $0 |
| Chris Keys | Treasurer Trustee or director, Officer | 1 | $0 |
| Robin Alger | Board Member Trustee or director | 1 | $0 |
| Jon Welch | Board Member Trustee or director | 1 | $0 |
| Jim Wolfe | Board Member Trustee or director | 1 | $0 |
| Lauren Behelfer | Board Member Trustee or director | 1 | $0 |
| Todd Reardon | Board Member Trustee or director | 1 | $0 |
| Ellen Polimeni | Board Member Trustee or director | 1 | $0 |
| Joe Wolfe | Board Member Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Denise Chaapel | C.E.O. Officer | 20 | $45,128 |
| Jeff Anthony | Chair Trustee or director, Officer | 5 | $0 |
| Stephen Cole | Vice Chair Trustee or director, Officer | 5 | $0 |
| Rick Brown | Secretary Trustee or director, Officer | 5 | $0 |
| Chris Keys | Treasurer Trustee or director, Officer | 5 | $0 |
| Robin Alger | Director Trustee or director | 5 | $0 |
| Jon Welch | Director Trustee or director | 5 | $0 |
| Robert Taylor | Director Trustee or director | 5 | $0 |
| Lauren Behelfer | Director Trustee or director | 5 | $0 |
| Todd Reardon | Director Trustee or director | 5 | $0 |
| Ellen Polimeni | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 115 S MAIN ST, CANANDAIGUA, NY 14424-1903
- Principal officer (990 for 2024)
- Denise Chapel, 115 South Main Street, Canandaigua, NY 14424
- Signed the 990
- Denise Chapel Executive Director, Director
- Phone
- (585) 396-0300
- Website
- downtowncanandaigua.com
- Return prepared by
- Allied CPAs PC
Mission
Created to promote and improve downtown for residents, property owner, merchants and visitors.
Program accomplishments
- Created to promote and improve downtown for residents, property owner, merchants and visitors.Expenses $84,822 · revenue $44,749
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 16-1434067
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S21Z)
- Assets (IRS master file)
- $67,288
- Income (IRS master file)
- $222,867
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $222,867 | $227,520 | $67,288 | IRS |
| 990 | December 2023 | $191,704 | $185,976 | $90,234 | XML |
| 990 | December 2022 | $176,227 | $185,659 | $61,456 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1434067).
Questions about DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC
- What is the EIN of DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC?
- The employer identification number (EIN) of DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC is 16-1434067.
- Is DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC?
- The 990 for the year ended December 31, 2024 names Denise Chapel.
- Who are the officers and directors of DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC?
- The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $53,544 (Denise Chaapel, Executive Director).
- How much revenue does DOWNTOWN CANANDAIGUA BUSINESS MANAGEMENT ASSOC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $222,867, expenses of $227,520 and total assets of $67,288 at year end.
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