Overview
What is Downtown Development Corporation?
The Downtown Development Corporation (DDC) is a nonprofit organization situated in Louisville, Kentucky, dedicated to fostering the economic growth and development of the downtown area. As a community-driven entity, DDC collaborates closely with various private and public organizations to implement a strategic vision for downtown's advancement. Their approach encompasses three main pillars: rebuilding a resilient and vibrant downtown, addressing community concerns about safety, and preserving the unique cultural and entertainment experiences that downtown offers. In 2022, DDC devoted significant time and resources to supporting the economic development of downtown, working with businesses, developers, property owners, and other stakeholders. Their initiatives included releasing an economic impact report, planning the next decade's development plan, advocating for ARP funding, and providing guidance for the Louisville Medical & Education District. Additionally, DDC offered support to retailers and restaurants and facilitated development through market research and loan funds. DDC plays a crucial role in bringing together the public and private sectors as partners in downtown's redevelopment and long-term planning. With a mission to improve the economic health of downtown, they serve as the lead entity in the development and implementation of the Downtown Master Plan, actively working with organizations such as Louisville Metro Government, Greater Louisville Inc., and the International Downtown Association.
Official website here: www.louisvilledowntown.org
Is Downtown Development Corporation legitimate?
Downtown Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $180,209
Professional Fundraising Fees: $0
Other Salaries and Wages: $318,832
For more financial information, click here
Official website here: www.louisvilledowntown.org
What is the mission statement of Downtown Development Corporation?
The Downtown Development Corporation, being a private, non-profit organization, is dedicated to promoting the long-term economic health of downtown areas. It represents the community's civic and business leadership and has played a crucial role in bringing together both public and private sectors as partners in the redevelopment and long-term planning of downtown areas since 1988. The organization serves as the lead entity in the development and implementation of master plans, acting as a bridge between various sectors to foster growth and improvement in these urban centers.
Official website here: www.louisvilledowntown.org
Who is the CEO of Downtown Development Corporation?
Rebecca Fleischaker is the Director of Downtown Development Corporation.
Official website here: www.louisvilledowntown.org
What is the revenue of Downtown Development Corporation?
Downtown Development Corporation's revenue in 2022 was $1,635,538.
Official website here: www.louisvilledowntown.org
Who are the executives of Downtown Development Corporation and what are their salaries?
The average compensation at Downtown Development Corporation during 2022 was $55,449. There are 9 employees and 44 volunteers at Downtown Development Corporation.
Here are 45 key members and their salaries:
- Rebecca Fleischaker Couch (Executive Director)
- Raelyn Adkins (Director)
- James Allen (Director)
- Kristen Byrd (Director)
- Carolle Jones Clay (Director)
- Charles P Denny (Director (Partial Year))
- Douglas Edwards (Director)
- Dee Ford (Director)
- Les Fugate (Director)
- C Edward Glasscock (Director)
- Andre Guess (Director)
- Ty J Handyphd (Director)
- Dan Hartlage (Director)
- Ryan Jordan (Director)
- Cynthia S Knapek (Director)
- Riggs Lewis (Director)
- Andrew Marchetti (Director)
- Jeffrey A Mckenzie (Director)
- Timothy M Mulloy (Director)
- Steve Poe (Director)
- Henry M Potter Aia (Director)
- Mary Putman (Director)
- Jordan Reber (Director)
- Matthew A Ricketts (Director)
- Marty Roberts (Director)
- Tonya Robinson (Director)
- Keith M Sherman (Director)
- William E Summers V (Director)
- Michael B Vincenti (Director)
- Harold Workman (Director)
- Jecorey Arthur (Ex-Officio Member) [Trustee/Director]
- Kim Baker (Ex-Officio Member) [Trustee/Director]
- Cleo Battle (Ex-Officio Member) [Trustee/Director]
- Deborah A Bilitski (Ex-Officio Member) [Trustee/Director]
- Sarah Davasher-Wisdom (Ex-Officio Member) [Trustee/Director]
- Greg Fischer (Ex-Officio Member) [Trustee/Director]
- Stan Moore (Ex-Officio Member) [Trustee/Director]
- Jeff O'Brien (Ex-Officio Member) [Trustee/Director]
- Laurie Anne Roberts (Ex-Officio Member) [Trustee/Director]
- Woo Smith (Ex-Officio Member) [Trustee/Director]
- John Weber (Ex-Officio Member (Partial Year)) [Trustee/Director]
- James Ja Hillebrand (Director, Chair)
- Lance Gilbert (Director, Vice Chair)
- Christen Boone (Director, Secretary)
- James A Tuttjr (Director, Treasurer)
Official website here: www.louisvilledowntown.org
Where can I find the form 990 for Downtown Development Corporation?
The Downtown Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.louisvilledowntown.org
Learn more at the official website: www.louisvilledowntown.org
Mission Statement of Downtown Development Corporation
The Downtown Development Corporation, a private, non-profit organization, is committed to ensuring the long-term economic health of downtown areas. Acting as a bridge between the public and private sectors, this organization has played a pivotal role in partnering with both sectors since its establishment in 1988. Serving as the leading entity in the development and implementation of downtown master plans, the Downtown Development Corporation has been instrumental in revitalizing and planning for the sustainable growth of downtown areas. The organization's mission is to represent the civic and business leadership of the community, contributing to the overall improvement and development of downtown areas.
Impact
This information is meant to be a general summary of Downtown Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Downtown Development Corporation has a significant impact on the economic health and long-term vitality of Downtown Louisville. Through strategic planning and collaboration with the community and its partners, the organization plays a crucial role in rebuilding a resilient and vibrant downtown area with a diverse mix of workers, residents, and visitors. Additionally, the DDC focuses on addressing community concerns about safety and ensuring that downtown remains a unique neighborhood offering diverse cultural, entertainment, and social experiences for everyone in the region.
In 2022, the DDC devoted substantial time and resources to activities supporting downtown's economic development, including releasing an annual Downtown Economic Impact Report, planning for the development of the next Downtown Strategic Plan, advocating for federal American Rescue Plan funding, supporting the Louisville Medical & Education District, providing business support initiatives, facilitating downtown housing projects, enhancing public safety through collaboration with law enforcement, and administering loan funds for development projects. The organization also collaborates with various partners to share best practices and seek solutions to complex downtown issues.
Furthermore, the DDC extends its impact by providing grants and allocations to other organizations dedicated to community improvement and development. Through its multifaceted efforts and partnerships, the Downtown Development Corporation actively contributes to the ongoing growth and vibrancy of downtown Louisville.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEASE REVENUE
Revenue
$739,590
MANAGEMENT FEE - LDMD
Revenue
$459,240
MANAGEMENT FEE - DHA
Revenue
$24,376
Organization Details
Founding Year
1988
Phone
(502) 584-6000
Principal Officer
Rebecca Fleischaker
Main Address
315 GUTHRIE ST STE 300, LOUISVILLE, KY, 40202
Website
www.louisvilledowntown.org
NTEE Category
Code: S31Z - Community improvement
If you are a representative of Downtown Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.