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Downtown Goldsboro Development Corp

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Community Improvement, Capacity Building / Urban, Community Economic Development (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$210k (2024)

Expenses
$182k (2024)

Total Assets
$977k (2024)

Total Liabilities
$404k (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$209,884
Expenses
$182,300
Net Income
$27,584
Net Assets
$572,379
Notable Sources of Revenue Percent of Total Revenue
Contributions $84,438
40.2%
Program Services $64,862
30.9%
Investment Income $33,366
15.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,218
13.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $976,534
Total Liabilities $404,155
Net Assets $572,379
Compensation
Key Employees and Officers Compensation Related Other
Liza Govan (Vice Preside) $0 $0 $0
Grayson Hussey (President) $0 $0 $0
Angela Jackson (Treasurer) $0 $0 $0
Doug Mcgrath (Past Preside) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$141,520
Expenses
$145,979
Net Income
-$4,459
Net Assets
$544,795
Notable Sources of Revenue Percent of Total Revenue
Contributions $52,297
37.0%
Program Services $62,060
43.9%
Investment Income $6,592
4.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20,571
14.5%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $962,063
Total Liabilities $417,268
Net Assets $544,795
Compensation
Key Employees and Officers Compensation Related Other
Liza Govan (Vice Preside) $0 $0 $0
Grayson Hussey (President) $0 $0 $0
Angela Jackson (Treasurer) $0 $0 $0
Doug Mcgrath (Past Preside) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$143,180
Expenses
$141,737
Net Income
$1,443
Net Assets
$549,254
Notable Sources of Revenue Percent of Total Revenue
Contributions $95,327
66.6%
Program Services $75,408
52.7%
Investment Income $2,986
2.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$37,459
Net Inventory Sales $0
Other Revenue $6,918
4.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $976,098
Total Liabilities $426,844
Net Assets $549,254
Compensation
Key Employees and Officers Compensation Related Other
Liza Govan (Vice President) $0 $0 $0
Angela Jackson (Treasurer) $0 $0 $0
Doug Mcgrath (President) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$138,368
Expenses
$99,048
Net Income
$39,320
Net Assets
$547,811
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,079
62.2%
Program Services $26,744
19.3%
Investment Income $1,545
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $22,328
16.1%
Net Inventory Sales $0
Other Revenue $1,672
1.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $601,008
Total Liabilities $53,197
Net Assets $547,811
Compensation
Key Employees and Officers Compensation Related Other
Liza Govan (Vice President) $0 $0 $0
Beverly Wallace Wiggins (Treasurer) $0 $0 $0
Doug Mcgrath (President) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$203,817
Expenses
$115,748
Net Income
$88,069
Net Assets
$508,491
Notable Sources of Revenue Percent of Total Revenue
Contributions $83,100
40.8%
Program Services $116,232
57.0%
Investment Income $760
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,725
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $575,982
Total Liabilities $67,491
Net Assets $508,491
Compensation
Key Employees and Officers Compensation Related Other
Doug Mcgrath (President) $0 $0 $0
Beverly Wallace Wiggins (Treasurer) $0 $0 $0
Regina Lesnau (Vice President) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$209,565
Expenses
$159,381
Net Income
$50,184
Net Assets
$420,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,097
0.5%
Program Services $204,361
97.5%
Investment Income $256
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $3,851
1.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $503,147
Total Liabilities $82,725
Net Assets $420,422
Compensation
Key Employees and Officers Compensation Related Other
Andrew Jernigan (President) $0 $0 $0
Beverly Wallace Wiggins (Vice President) $0 $0 $0
Regina Lesnau (Treasurer) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$155,864
Expenses
$109,023
Net Income
$46,841
Net Assets
$370,238
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,950
2.5%
Program Services $143,360
92.0%
Investment Income $20
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $8,534
5.5%
Assets/Debt
Total Assets $497,242
Total Liabilities $127,004
Net Assets $370,238
Compensation
Key Employees and Officers Compensation Other
Andrew Jernigan (President) $0 $0
Beverly Wallace Wiggins (Vice President) $0 $0
Regina Lesnau (Treasurer) $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$174,942
Expenses
$110,390
Net Income
$64,552
Net Assets
$323,397
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,649
2.1%
Program Services $164,232
93.9%
Investment Income $15
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $7,046
4.0%
Assets/Debt
Total Assets $462,851
Total Liabilities $139,454
Net Assets $323,397

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$97,581
Expenses
$89,217
Net Income
$8,364
Net Assets
$258,845
Notable Sources of Revenue Percent of Total Revenue
Contributions $3,400
3.5%
Program Services $89,787
92.0%
Investment Income $34
0.0%
Net Fundraising $0
Sales of Assets -$423
Net Inventory Sales $0
Other Revenue $4,783
4.9%
Assets/Debt
Total Assets $410,164
Total Liabilities $151,319
Net Assets $258,845

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$72,438
Expenses
$94,849
Net Income
-$22,411
Net Assets
$250,481
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,500
22.8%
Program Services $89,326
> 100%
Investment Income $3
0.0%
Net Fundraising $0
Sales of Assets -$34,631
Net Inventory Sales $0
Other Revenue $1,240
1.7%
Assets/Debt
Total Assets $427,078
Total Liabilities $176,597
Net Assets $250,481

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$74,175
Expenses
$73,227
Net Income
$948
Net Assets
$272,892
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,500
3.4%
Program Services $70,782
95.4%
Investment Income $73
0.1%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $483,407
Total Liabilities $210,515
Net Assets $272,892

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$97,769
Expenses
$82,806
Net Income
$14,963
Net Assets
$271,944
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,500
2.6%
Program Services $95,010
97.2%
Investment Income $29
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30
0.0%
Assets/Debt
Total Assets $494,883
Total Liabilities $222,939
Net Assets $271,944

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$41,320
Expenses
$70,278
Net Income
-$28,958
Net Assets
$256,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,500
6.1%
Program Services $91,809
> 100%
Investment Income $35
0.1%
Net Fundraising $0
Sales of Assets -$53,049
Net Inventory Sales $0
Other Revenue $25
0.1%
Assets/Debt
Total Assets $308,656
Total Liabilities $51,675
Net Assets $256,981

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$154,138
Expenses
$78,955
Net Income
$75,183
Net Assets
$285,939
Notable Sources of Revenue Percent of Total Revenue
Contributions $63,162
41.0%
Program Services $89,611
58.1%
Investment Income $55
0.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $210
0.1%
Assets/Debt
Total Assets $285,939
Total Liabilities $0
Net Assets $285,939

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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