Nonprofit · EIN 56-1371833
DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION
Tax-exempt · STATESVILLE, NC 28687
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $288,378 | $320,732 | -$32,354 | $331,854 | $39,699 | $292,155 |
| June 30, 2024 | 990 | $334,303 | $305,652 | $28,651 | $356,206 | $31,697 | $324,509 |
| June 30, 2023 | 990 | $333,452 | $310,299 | $23,153 | $324,967 | $29,109 | $295,858 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $162,948
- of which government grants
- $162,948
- Program service revenue
- $116,609
- Investment income
- $8,821
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $53,550
- Salaries, compensation and benefits (total)
- $59,048
- Professional fundraising fees
- $0
- Occupancy
- $10,231
- Travel
- $155
- Depreciation
- $113
- Program services (functional)
- $262,418
- Management and general (functional)
- $58,314
Balance sheet and other
- Total assets, start of year
- $356,206
- Total assets, end of year
- $331,854
- Total liabilities, end of year
- $39,699
- Net assets, end of year
- $292,155
- Land, buildings and equipment
- $1,234
- Net assets without donor restrictions
- $292,155
- Gross receipts
- $288,378
- Employees
- 2
- Volunteers
- 100
- Year formed
- 1983
- State of legal domicile
- NC
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Billy Buck Blevins | Board Member Trustee or director | 0.5 | $0 |
| John Childress | Chairman Trustee or director, Officer | 0.5 | $0 |
| Jim Duffey | Board Member Trustee or director | 0.5 | $0 |
| Jennifer Grant | Secretary Trustee or director, Officer | 0.5 | $0 |
| Doug Hendrix | Vice Chair Trustee or director, Officer | 0.5 | $0 |
| Donald Hicks Jr | Board Member Trustee or director | 0.5 | $0 |
| Kevin Hollifield | Board Member Trustee or director | 0.5 | $0 |
| Joshua Speer | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Dean Wooten | Board Member Trustee or director | 0.5 | $0 |
| Kelli Simko Walker | Board Member Trustee or director | 0.5 | $0 |
| Hannah Scott | Board Member Trustee or director | 0.5 | $0 |
| Amy Sullivan | Board Member Trustee or director | 0.5 | $0 |
| Marin Tomlin | Board Member Trustee or director | 0.5 | $0 |
| Trey Robertson | Board Member Trustee or director | 0.5 | $0 |
| Larry Schaefer | Board Member Trustee or director | 0.5 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Tanisha Schoolfield | Board Member Trustee or director | 0.5 | $0 |
| Dean Wooten | Board Member Trustee or director | 0.5 | $0 |
| Michael Young | Executive Dir. Officer | 0 | $0 |
| Diane Young | Executive Dir. Officer | 0 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brittany Marlow | Executive Dir. Officer | 40 | $63,839 |
| Billy Buck Blevins | Board Member Trustee or director | 0.5 | $0 |
| Dean Wooten | Board Member Trustee or director | 0.5 | $0 |
| Donald Hicks Jr | Board Member Trustee or director | 0.5 | $0 |
| Doug Hendrix | Chairman Trustee or director, Officer | 0.5 | $0 |
| Edwin Llerena | Board Member Trustee or director | 0.5 | $0 |
| Emilio Lopez | Board Member Trustee or director | 0.5 | $0 |
| Jennifer Grant | Secretary Trustee or director, Officer | 0.5 | $0 |
| Wes Davidson | Outgoing Chair Trustee or director, Officer | 0.5 | $0 |
| Joe Bondi | Board Member Trustee or director | 0.5 | $0 |
| John Childress | Board Member Trustee or director | 0.5 | $0 |
| Joshua Speer | Treasurer Trustee or director, Officer | 0.5 | $0 |
| Kelli Simko Walker | Board Member Trustee or director | 0.5 | $0 |
| Kevin Hollifield | Board Member Trustee or director | 0.5 | $0 |
| Jim Duffey | Board Member Trustee or director | 0.5 | $0 |
| Marin Tomlin | Board Member Trustee or director | 0.5 | $0 |
| Stamey Holland III | Board Member Trustee or director | 0.5 | $0 |
| Trey Robertson | Board Member Trustee or director | 0.5 | $0 |
990 for the year ended June 30, 2023: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Brittany Marlow | Executive Dir. Officer | 40 | $104,026 | $309 |
| Billy Buck Blevins | Board Member Trustee or director | 0.5 | $0 | $0 |
| Dean Wooten | Board Member Trustee or director | 0.5 | $0 | $0 |
| Donald Hicks Jr | Board Member Trustee or director | 0.5 | $0 | $0 |
| Doug Hendrix | Chairman Trustee or director, Officer | 0.5 | $0 | $0 |
| Edwin Llerena | Board Member Trustee or director | 0.5 | $0 | $0 |
| Emilio Lopez | Board Member Trustee or director | 0.5 | $0 | $0 |
| Jennifer Grant | Secretary Trustee or director, Officer | 0.5 | $0 | $0 |
| Jim Duffey | Board Member Trustee or director | 0.5 | $0 | $0 |
| Joe Bondi | Board Member Trustee or director | 0.5 | $0 | $0 |
| John Childress | Board Member Trustee or director | 0.5 | $0 | $0 |
| Joshua Speer | Treasurer Trustee or director, Officer | 0.5 | $0 | $0 |
| Kelli Simko Walker | Board Member Trustee or director | 0.5 | $0 | $0 |
| Kevin Hollifield | Board Member Trustee or director | 0.5 | $0 | $0 |
| Larry Schaeffer | Board Member Trustee or director | 0.5 | $0 | $0 |
| Marin Tomlin | Board Member Trustee or director | 0.5 | $0 | $0 |
| Stamey Holland III | Board Member Trustee or director | 0.5 | $0 | $0 |
| Wes Davidson | Outgoing Chair Trustee or director | 0.5 | $0 | $0 |
| Trey Robertson | Board Member Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 205, STATESVILLE, NC 28687-0205
- In care of
- % DOWNTOWN STATESVILLE DEVELOPMENT
- Principal officer (990 for 2024)
- Joshua Speer, 112 South Center Street, Statesville, NC 28677
- Signed the 990
- Joshua Speer, Treasurer
- Phone
- (704) 878-3436
- Return prepared by
- Foard and Company PA
Mission
DOWNTOWN STATESVEILLE DEVELOPMENT CORPORATION, INC. IS A NONPROFIT ORGANIZATION THAT EXISTS TO PROVIDE LEADERSHIP DEDICATED TO THE HISTORIC PRESERVATION AND ENHANCEMENT OF DOWNTOWN STATESVILLE. OUR ORGANIZATION PROMOTES DOWNTOWN AS THE PRIMARY CENTER FOR ECONOMIC GROWTH OPPORTUNITIES, SOCIAL EXPERIENCES AND CULTURAL ARTS IN STATESVILLE.
Program accomplishments
- THE PROGRAM SERVICE EXPENSES WERE USED IN ATTAINING THE ORGANIZATION'S MISSION OF PLANNING, RESEARCHING AND ASSISTING IN THE IMPLEMENTATION OF PROJECTS FOR THE DEVELOPMENT OF REAL ESTATE AND ATTRACTING VISITORS TO THE DOWNTOWN AREA. THE FOLLOWING IS A LIST FOR WHICH THE EXPENSES WERE MADE: TO PROMOTE DOWNTOWN THROUGH FESTIVALS AND OTHER PROMOTIONAL EVENTS. WORKING TO RECRUIT ADDITIONAL RETAIL, RESTAURANTS AND OTHER BUSINESSES INTO THE DOWNTOWN AREA. WORK WITH THE CITY OF STATESVILLE AND PRIVATE PROPERTY OWNERS ON BEAUTIFICATION PROJECTS. WORKING TO IGNITE PRIVATE SECTOR INTEREST IN REDEVELOPING DOWNTOWN INCLUDING KEY ANCHOR PROPERTIES THAT ARE VACANT AND/OR UNDERUTILIZED.Expenses $262,418 · revenue $116,609
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 56-1371833
- 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
- 1985
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20Z)
- Assets (IRS master file)
- $331,854
- Income (IRS master file)
- $288,378
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $288,378 | $320,732 | $331,854 | XML |
| 990 | June 2024 | $334,303 | $305,652 | $356,206 | XML |
| 990 | June 2023 | $333,452 | $310,299 | $324,967 | XML |
| 990 | June 2022 | $239,570 | $226,767 | $292,841 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 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 56-1371833).
Questions about DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION
- What is the EIN of DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION is 56-1371833.
- Is DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DOWNTOWN STATESVILLE 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 STATESVILLE DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 names Joshua Speer.
- Who are the officers and directors of DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION?
- The 990 for the year ended June 30, 2025 lists 19 people; 0 received compensation from the organization.
- How much revenue does DOWNTOWN STATESVILLE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $288,378, expenses of $320,732 and total assets of $331,854 at year end.
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All nonprofits in STATESVILLE · North Carolina · Community improvement and capacity building