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: 2023

Annual Revenue

$2.4M

Total Expenses

$2.9M

Total Assets

$2.2M

Program Spending

9%

of expenses go to programs

Compensation & Payroll

Total Officer Compensation

$128K

4.5% of total expenses

All officers, directors, and key employees combined

Other Salaries & Wages

$352K

Total Payroll

$480K

17% of total expenses

Where the Money Goes

9%
Programs: 9%
Payroll: 17%
Other overhead: 91%
Program Revenue$262K (11%)
Total Expenses$2.9M (100%)
Payroll$480K (17%)
Overhead (non-program)91%

Trust Score Breakdown

Program Spending Ratio

9% of expenses go to programs

40%

Revenue & Stability

$2.4M annual revenue

15%

Executive Compensation

$128K total officer comp (4.5% of expenses)

20%

Filing Recency

Most recent filing: 2023

15%

Asset Strength

$2.2M in assets

10%

Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.