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Nonprofit · EIN 23-7384193

DOWNTOWN DEVELOPMENT CORPORATION

Tax-exempt (reinstated) · RUTLAND, VT 05701

Financials

$586K$486K2025
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$585,988$486,364$99,624$849,086$536,061$313,025
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$0
Program service revenue
$573,416
Investment income
$47
Other revenue
$12,525

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$500
Accounting fees
$7,900
Depreciation
$27,275
Program services (functional)
$390,283
Management and general (functional)
$96,081

Balance sheet and other

Total assets, start of year
$846,100
Total assets, end of year
$849,086
Total liabilities, end of year
$536,061
Net assets, end of year
$313,025
Land, buildings and equipment
$592,754
Net assets without donor restrictions
$313,025
Gross receipts
$585,988
Employees
0
Year formed
1974
State of legal domicile
VT

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, 2025, highest compensation first.

NameTitleHours / weekCompensation
Casey McNeilMember
Trustee or director
0$0
Jadziah DeRosiaPresident
Trustee or director, Officer
0$0
Joe KrausVice President
Trustee or director, Officer
0$0
Eddie RyanTreasurer/Sec
Trustee or director, Officer
0$0
Andy PaluchMember
Trustee or director
0$0

Address and contacts

Address (IRS master file)
28 CENTER ST, RUTLAND, VT 05701-4015
In care of
% THE FUCCI COMPANY
Principal officer (990 for 2025)
EDDIE RYAN
Signed the 990
EDDIE RYAN, Treasurer/Secretary
Phone
(802) 773-9380
Return prepared by
OBrien Shortle Reynolds & Sabotka

Mission

OWNERSHIP AND MANAGEMENT OF SUPPORTIVE HOUSING FOR THE ELDERLY.

990 for the year ended December 31, 2025

Program accomplishments

  • THE ORGANIZATION PROVIDES HOUSING FOR THE ELDERLY AT PARKER HOUSE, A 46-UNIT APARTMENT BUILDING.
    Expenses $390,283 · revenue $573,416

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
23-7384193
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$849,086
Income (IRS master file)
$585,988

Revocation and reinstatement

Exemption revoked
May 15, 2016
Posted by the IRS
October 10, 2016
Reinstated
Effective May 15, 2016

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025–––IRS
990December 2024–––IRS
990December 2023$545,548$452,398$850,696IRS
990December 2022$519,893$450,551$849,758IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about DOWNTOWN DEVELOPMENT CORPORATION

What is the EIN of DOWNTOWN DEVELOPMENT CORPORATION?
The employer identification number (EIN) of DOWNTOWN DEVELOPMENT CORPORATION is 23-7384193.
Is DOWNTOWN DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2016 and reinstated it effective May 15, 2016.
Are donations to DOWNTOWN DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DOWNTOWN DEVELOPMENT CORPORATION 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 DEVELOPMENT CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DOWNTOWN DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of DOWNTOWN DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names EDDIE RYAN.
Who are the officers and directors of DOWNTOWN DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 5 people; 0 received compensation from the organization.
How much revenue does DOWNTOWN DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $585,988, expenses of $486,364 and total assets of $849,086 at year end.

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