Historic Downtown Special Improvement District
EIN: 223568902 · Jersey City, NJ · NTEE: S41
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $937K |
| Net Assets | $-133,245 |
Is Historic Downtown Special Improvement District Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Historic Downtown Special Improvement District
Historic Downtown Special Improvement District (EIN: 223568902) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code S41. The organization reported total revenue of $1.1M and total assets of $73K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Historic Downtown Special Improvement District's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Historic Downtown Special Improvement District is a mid-size nonprofit that has been operating for 27 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $885K |
| Total Expenses | $937K |
| Surplus / Deficit | $-51,849 |
| Total Assets | $55K |
| Total Liabilities | $189K |
| Net Assets | $-133,245 |
| Operating Margin | -5.9% |
| Debt-to-Asset Ratio | 340.1% |
| Months of Reserves | 0.7 months |
Financial Health Grade: D
In 2023, Historic Downtown Special Improvement District reported a deficit of $52K with expenses exceeding revenue, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 340.1% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Historic Downtown Special Improvement District's revenue has grown at a compound annual growth rate (CAGR) of 11.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.3% | +7.4% | -32.8% |
| 2022 | +51.1% | +33.2% | -27.4% |
| 2021 | +5.3% | +9.0% | -33.4% |
| 2020 | -7.0% | -7.2% | +255.3% |
| 2019 | -0.5% | +1.2% | -5.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1999 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Historic Downtown Special Improvement District has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Historic Downtown Special Improvement District with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $52K, with expenses exceeding revenue.
- Debt-to-asset ratio: 340.1%.
Frequently Asked Questions about Historic Downtown Special Improvement District
Is Historic Downtown Special Improvement District a legitimate charity?
Historic Downtown Special Improvement District (EIN: 223568902) is a registered tax-exempt nonprofit based in New Jersey. It has 13 years of IRS 990 filings on record. Total revenue: $1.1M. No red flags identified. Financial health grade: D.
How does Historic Downtown Special Improvement District spend its money?
Historic Downtown Special Improvement District reported $1.1M in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Historic Downtown Special Improvement District tax-deductible?
Historic Downtown Special Improvement District is registered as a tax-exempt nonprofit (EIN: 223568902). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Historic Downtown Special Improvement District located?
Historic Downtown Special Improvement District is headquartered in Jersey City, New Jersey and files with the IRS under EIN 223568902. It is classified under NTEE code S41.
How many years of IRS 990 filings does Historic Downtown Special Improvement District have?
Historic Downtown Special Improvement District has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.1M in total revenue.
Filing History
IRS 990 filing history for Historic Downtown Special Improvement District showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Historic Downtown Special Improvement District's revenue has grown by 274.6%, moving from $236K to $885K. Total assets decreased by 77.4% over the same period, from $245K to $55K. Total functional expenses rose by 261.2%, from $259K to $937K. In its most recent filing year (2023), Historic Downtown Special Improvement District reported a deficit of $52K, with expenses exceeding revenue. The organization holds $189K in liabilities against $55K in assets (debt-to-asset ratio: 340.1%), resulting in net assets of $-133,245.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $885K | $937K | $55K | $189K | — | — |
| 2022 | $906K | $872K | $83K | $164K | — | View 990 |
| 2021 | $600K | $655K | $114K | $229K | — | View 990 |
| 2020 | $570K | $601K | $171K | $231K | — | — |
| 2019 | $613K | $647K | $48K | $78K | — | View 990 |
| 2018 | $616K | $639K | $51K | $47K | — | View 990 |
| 2017 | $568K | $3K | $0 | $0 | — | View 990 |
| 2016 | $497K | $496K | $65K | $49K | — | View 990 |
| 2015 | $418K | $391K | $52K | $30K | — | View 990 |
| 2014 | $374K | $407K | $35K | $73K | — | View 990 |
| 2013 | $453K | $500K | $64K | $33K | — | View 990 |
| 2012 | $318K | $470K | $110K | $32K | — | View 990 |
| 2011 | $236K | $259K | $245K | $15K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $885K, expenses of $937K, and assets of $55K (revenue -2.3% year-over-year).
- 2022: Revenue of $906K, expenses of $872K, and assets of $83K (revenue +51.1% year-over-year).
- 2021: Revenue of $600K, expenses of $655K, and assets of $114K (revenue +5.3% year-over-year).
- 2020: Revenue of $570K, expenses of $601K, and assets of $171K (revenue -7.0% year-over-year).
- 2019: Revenue of $613K, expenses of $647K, and assets of $48K (revenue -0.5% year-over-year).
- 2018: Revenue of $616K, expenses of $639K, and assets of $51K (revenue +8.4% year-over-year).
- 2017: Revenue of $568K, expenses of $3K, and assets of $0 (revenue +14.4% year-over-year).
- 2016: Revenue of $497K, expenses of $496K, and assets of $65K (revenue +18.8% year-over-year).
- 2015: Revenue of $418K, expenses of $391K, and assets of $52K (revenue +11.6% year-over-year).
- 2014: Revenue of $374K, expenses of $407K, and assets of $35K (revenue -17.4% year-over-year).
- 2013: Revenue of $453K, expenses of $500K, and assets of $64K (revenue +42.5% year-over-year).
- 2012: Revenue of $318K, expenses of $470K, and assets of $110K (revenue +34.5% year-over-year).
- 2011: Revenue of $236K, expenses of $259K, and assets of $245K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Historic Downtown Special Improvement District:
Data Sources and Methodology
This transparency report for Historic Downtown Special Improvement District is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.