CSCharityScored
45

Downtown Norfolk Development Corporation

Other · Norfolk, Virginia

208 E Main St Fl 2, Norfolk, VA 23510-1639

EIN: 541122850· Founded: Feb 1982· 44 years active· Filing Year: 2024

Annual Revenue

$2.5M

Total Expenses

$2.8M

Total Assets

$1.9M

Program Spending

9%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$147K

5.3% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$406K

Total Payroll

$553K

20% of total expenses

Where the Money Goes

9%
Programs: 9%
Payroll: 20%
Other overhead: 91%
Program Revenue$243K (10%)
Total Expenses$2.8M (100%)
Payroll$553K (20%)
Overhead (non-program)91%

Trust Score Breakdown

Program Spending Ratio

9% of expenses go to programs

40%

Revenue & Stability

$2.5M annual revenue

15%

Executive Compensation

$147K total officer comp (5.3% of expenses)

20%

Filing Recency

Most recent filing: 2024

15%

Asset Strength

$1.9M in assets

10%

Data from IRS Form 990 filing (2024). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.