Downtown Norfolk Development Corporation
Norfolk, Virginia
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Above Average
How This Organization Compares
Compared to 22 peers in Unclassified with $1M-$10M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2024 | $2,497,578↑5% | $2,784,821↓3% | $1,936,058↓11% | — |
| 2023 | $2,378,826↓9% | $2,864,700↑19% | $2,181,908↓21% | — |
| 2022 | $2,621,273↓9% | $2,404,994↑13% | $2,778,298↓5% | — |
| 2021 | $2,878,440↑28% | $2,132,405↓8% | $2,920,211↑52% | — |
| 2020 | $2,240,243↓6% | $2,307,663↓7% | $1,919,188↑1% | — |
| 2019 | $2,373,559↓6% | $2,491,848 | $1,895,818↓6% | — |
| 2018 | $2,522,749↓5% | $2,496,406↑5% | $2,018,736↑4% | — |
| 2017 | $2,653,524↑20% | $2,381,477↑11% | $1,945,262↑14% | — |
| 2016 | $2,216,675 | $2,149,330↓4% | $1,699,486↑3% | — |
| 2015 | $2,208,546↑7% | $2,231,111↑16% | $1,645,654↑4% | — |
| 2014 | $2,069,483↑6% | $1,926,616↑12% | $1,583,970↑9% | — |
| 2013 | $1,944,469↑6% | $1,717,638↓8% | $1,449,749↑4% | — |
| 2012 | $1,834,831 | $1,868,494 | $1,387,428 | — |
Frequently Asked Questions
What does Downtown Norfolk Development Corporation do?▼
Downtown Norfolk Development Corporation is a unclassified nonprofit organization based in Virginia. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Downtown Norfolk Development Corporation financially healthy?▼
Based on our 9-metric Financial Health Score model, Downtown Norfolk Development Corporation has a score of 59/100 (Grade: B). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Downtown Norfolk Development Corporation generate?▼
Downtown Norfolk Development Corporation reports $2.5M in annual revenue and holds $1.9M in total assets, based on IRS filings.
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