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Albemarle Downtown 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
$496k (2023)

Expenses
$528k (2023)

Total Assets
$668k (2023)

Total Liabilities
$1.73k (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

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
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$496,480
Expenses
$528,089
Net Income
-$31,609
Net Assets
$666,732
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,433
4.1%
Program Services $452,734
91.2%
Investment Income $35
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $23,278
4.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $668,464
Total Liabilities $1,732
Net Assets $666,732
Compensation
Key Employees and Officers Compensation Related Other
Melanie Holles (Chair) $0 $0 $0
Pam Poplin (Treasurer) $0 $0 $0
Emily James (Vice Chair) $0 $0 $0
Edna Lipe Harkey (Director) $0 $0 $0
Paul Jenkins (Director) $0 $0 $0
Heather Britt (Director) $0 $0 $0
Salem Taylor (Director) $0 $0 $0
Dr Scott Bullard (Director) $0 $0 $0
Dr Reese Linnell (Director) $0 $0 $0
Sandy Selvy Mullis (Director) $0 $0 $0
Michael Ferris (Director) $0 $0 $0
Keith Tunnell (Director) $0 $0 $0
Ronnie Michael (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$540,940
Expenses
$578,780
Net Income
-$37,840
Net Assets
$698,292
Notable Sources of Revenue Percent of Total Revenue
Contributions $20,000
3.7%
Program Services $505,217
93.4%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $15,713
2.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $699,695
Total Liabilities $1,403
Net Assets $698,292
Compensation
Key Employees and Officers Compensation Related Other
Melanie Holles (Chair) $0 $0 $0
Pam Poplin (Treasurer) $0 $0 $0
Emily James (Vice Chair) $0 $0 $0
Edna Lipe Harkey (Director) $0 $0 $0
Paul Jenkins (Director) $0 $0 $0
Heather Britt (Director) $0 $0 $0
Salem Taylor (Director) $0 $0 $0
Dr Scott Bullard (Director) $0 $0 $0
Dr Reese Linnell (Director) $0 $0 $0
Sandy Selvy Mullis (Director) $0 $0 $0
Michael Ferris (Director) $0 $0 $0
Keith Tunnell (Director) $0 $0 $0
Ronnie Michael (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$436,614
Expenses
$469,332
Net Income
-$32,718
Net Assets
$736,132
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $425,669
97.5%
Investment Income $474
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,471
2.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $738,158
Total Liabilities $2,026
Net Assets $736,132
Compensation
Key Employees and Officers Compensation Related Other
Melanie Holles (Chair) $0 $0 $0
Pam Poplin (Treasurer) $0 $0 $0
Emily James (Vice Chair) $0 $0 $0
Edna Lipe Harkey (Director) $0 $0 $0
Paul Jenkins (Director) $0 $0 $0
Heather Britt (Director) $0 $0 $0
Salem Taylor (Director) $0 $0 $0
Dr Scott Bullard (Director) $0 $0 $0
Dr Reese Linnell (Director) $0 $0 $0
Sandy Selvy Mullis (Director) $0 $0 $0
Michael Ferris (Director) $0 $0 $0
Keith Tunnell (Director) $0 $0 $0
Ronnie Michael (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$465,150
Expenses
$453,587
Net Income
$11,563
Net Assets
$776,587
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $437,673
94.1%
Investment Income $13
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $27,464
5.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $777,847
Total Liabilities $1,260
Net Assets $776,587

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$433,542
Expenses
$440,826
Net Income
-$7,284
Net Assets
$765,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $421,022
97.1%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,509
2.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $765,684
Total Liabilities $660
Net Assets $765,024

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$428,421
Expenses
$442,545
Net Income
-$14,124
Net Assets
$772,308
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $416,419
97.2%
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,995
2.8%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $772,768
Total Liabilities $460
Net Assets $772,308

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$531,943
Expenses
$501,456
Net Income
$30,487
Net Assets
$786,432
Notable Sources of Revenue Percent of Total Revenue
Contributions $96,283
18.1%
Program Services $420,171
79.0%
Investment Income $7
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $15,482
2.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $46,405
9.3%
Professional Fundraising Fees $0
Other Salaries and Wages $8,747
1.7%
Assets/Debt
Total Assets $837,903
Total Liabilities $51,471
Net Assets $786,432

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$591,159
Expenses
$585,228
Net Income
$5,931
Net Assets
$811,945
Notable Sources of Revenue Percent of Total Revenue
Contributions $111,347
18.8%
Program Services $462,013
78.2%
Investment Income $8
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $17,791
3.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $48,923
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $38,344
6.6%
Assets/Debt
Total Assets $844,336
Total Liabilities $32,391
Net Assets $811,945

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$509,265
Expenses
$486,602
Net Income
$22,663
Net Assets
$806,014
Notable Sources of Revenue Percent of Total Revenue
Contributions $112,545
22.1%
Program Services $384,570
75.5%
Investment Income $20
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,130
2.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $76,383
15.7%
Assets/Debt
Total Assets $847,147
Total Liabilities $41,133
Net Assets $806,014

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$487,840
Expenses
$500,472
Net Income
-$12,632
Net Assets
$781,502
Notable Sources of Revenue Percent of Total Revenue
Contributions $101,772
20.9%
Program Services $374,003
76.7%
Investment Income $125
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $11,940
2.4%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $53,040
10.6%
Professional Fundraising Fees $0
Other Salaries and Wages $30,663
6.1%
Assets/Debt
Total Assets $832,419
Total Liabilities $50,917
Net Assets $781,502

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$495,291
Expenses
$501,648
Net Income
-$6,357
Net Assets
$795,326
Notable Sources of Revenue Percent of Total Revenue
Contributions $96,531
19.5%
Program Services $375,316
75.8%
Investment Income $201
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $12,940
2.6%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $10,303
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $52,000
10.4%
Professional Fundraising Fees $0
Other Salaries and Wages $30,321
6.0%
Assets/Debt
Total Assets $855,115
Total Liabilities $59,789
Net Assets $795,326

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$144,240
Expenses
$160,074
Net Income
-$15,834
Net Assets
$831,189
Notable Sources of Revenue Percent of Total Revenue
Contributions $84,825
58.8%
Program Services $0
Investment Income $263
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $59,152
41.0%
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $82,585
51.6%
Assets/Debt
Total Assets $920,385
Total Liabilities $89,196
Net Assets $831,189

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.

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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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  • 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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