PLATINUM2023

Downtown Vision Inc.

aka Downtown Vision Inc   |   JACKSONVILLE, FL   |  http://www.DowntownJacksonville.com
GuideStar Charity Check

Downtown Vision Inc.

EIN: 59-3473060


Mission

Downtown Vision has a mission to create and support a vibrant Downtown and promote Downtown as an exciting place to live, work, visit and invest. We have a vision for a dynamic, 24-hour, pedestrian-friendly Downtown Jacksonville that serves as the premier center for the arts, dining, retail, entertainment, business and urban living in Northeast Florida. Downtown Vision Alliance supports Downtown Vision in providing professional services for the mission of improving the central business district of the city of Jacksonville.

Ruling year info

1998

CEO

Mr. Jacob Alexander Gordon

Main address

214 N. Hogan Street, Suite 120

JACKSONVILLE, FL 32202 USA

Show more contact info

EIN

59-3473060

Subject area info

Community and economic development

Economic development

Population served info

Age groups

Ethnic and racial groups

Social and economic status

NTEE code info

Economic Development (S30)

IRS subsection

501(c)(6) Business Leagues, etc.

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms

Communication

Blog

Affiliations

See related organizations info

Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

District Services

The cornerstone of a great Downtown is a clean, safe and hospitable environment, which is why we focus on it seven days a week. We collaborate to address unsightly issues in the public realm and we partner with the City, Sheriff’s Office, property owners and others to support economic growth and the live/work/visit experience.

Population(s) Served
Homeless people

Where we work

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of website pageviews

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Total number of periodical subscribers

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Number of public events held to further mission

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of attendees present at rallies/events

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Number of clients served

This metric is no longer tracked.
Totals By Year
Type of Metric

Output - describing our activities and reach

Direction of Success

Holding steady

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

In our role as the Business Improvement District (BID) organization for Downtown Jacksonville, we at
Downtown Vision live our mission of helping make “DTJax” a better place to live, work, visit, and invest.

1. Implementation of (and ample funding for) the City’s Downtown Master Plan (including the
Downtown Investment Authority and its CRA Plan and BID Plan)
2. A strong sense of place through public investment and meticulous maintenance
3. A welcoming environment where absolutely everyone feels safe
4. More things to do! (ex. restaurants, retail, culture, events & tourism amenities)
5. An accessible and connected Downtown focused on people, not cars
6. A resilient and historically preserved Downtown
7. Eased barriers to development (ex. streamlined permitting & incentive support)
8. A more livable Downtown with all the things that contribute to overall well-being

Financials

Downtown Vision Inc.
Fiscal year: Oct 01 - Sep 30
Financial documents
2022 FY22 Audited Financial Statement 2020 Downtown Vision, Inc.
done  Yes, financials were audited by an independent accountant. info

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
NET GAIN/LOSS:    in 
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990

5.09

Average of 33.44 over 10 years

Months of cash in 2022 info

SOURCE: IRS Form 990

2

Average of 5.2 over 10 years

Fringe rate in 2022 info

SOURCE: IRS Form 990

24%

Average of 20% over 10 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990

Downtown Vision Inc.

Revenue & expenses

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data

Downtown Vision Inc.

Balance sheet

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data

Downtown Vision Inc.

Financial trends analysis Glossary & formula definitions

Fiscal Year: Oct 01 - Sep 30

SOURCE: IRS Form 990 info

This snapshot of Downtown Vision Inc.’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

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Business model indicators

Profitability info 2018 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $82,093 $416 $4,397 -$135,217 $540,913
As % of expenses 5.6% 0.0% 0.3% -8.0% 21.4%
Unrestricted surplus (deficit) after depreciation $76,705 -$1,327 -$4,496 -$149,074 $521,589
As % of expenses 5.2% -0.1% -0.3% -8.8% 20.5%
Revenue composition info
Total revenue (unrestricted & restricted) $1,550,650 $1,573,213 $1,562,581 $1,549,028 $3,070,632
Total revenue, % change over prior year 26.1% 1.5% -0.7% -0.9% 98.2%
Program services revenue 69.4% 69.8% 69.1% 63.8% 73.5%
Membership dues 0.0% 0.0% 0.0% 0.0% 0.0%
Investment income 0.0% 0.4% 0.3% 0.0% 0.0%
Government grants 0.0% 0.0% 0.0% 0.0% 0.0%
All other grants and contributions 30.5% 29.8% 30.6% 36.2% 26.1%
Other revenue 0.0% 0.0% 0.0% 0.0% 0.4%
Expense composition info
Total expenses before depreciation $1,468,557 $1,572,797 $1,558,184 $1,684,245 $2,529,719
Total expenses, % change over prior year 20.2% 7.1% -0.9% 8.1% 50.2%
Personnel 29.5% 29.0% 35.8% 36.7% 32.0%
Professional fees 0.7% 1.3% 7.4% 9.1% 2.0%
Occupancy 0.9% 0.8% 0.8% 0.0% 0.4%
Interest 0.0% 0.0% 0.0% 0.0% 0.0%
Pass-through 0.0% 0.0% 0.1% 0.1% 0.0%
All other expenses 68.9% 68.9% 55.8% 54.1% 65.7%
Full cost components (estimated) info 2018 2019 2020 2021 2022
Total expenses (after depreciation) $1,473,945 $1,574,540 $1,567,077 $1,698,102 $2,549,043
One month of savings $122,380 $131,066 $129,849 $140,354 $210,810
Debt principal payment $0 $0 $0 $0 $0
Fixed asset additions $0 $46,930 $0 $98,247 $56,432
Total full costs (estimated) $1,596,325 $1,752,536 $1,696,926 $1,936,703 $2,816,285

Capital structure indicators

Liquidity info 2018 2019 2020 2021 2022
Months of cash 5.9 4.4 4.1 3.3 2.0
Months of cash and investments 5.9 4.4 4.1 3.3 2.0
Months of estimated liquid unrestricted net assets 10.7 9.6 9.7 7.3 7.2
Balance sheet composition info 2018 2019 2020 2021 2022
Cash $725,474 $577,485 $536,833 $467,399 $411,966
Investments $0 $0 $0 $0 $0
Receivables $608,902 $682,228 $726,646 $689,254 $1,329,358
Gross land, buildings, equipment (LBE) $217,645 $264,575 $265,645 $363,892 $390,136
Accumulated depreciation (as a % of LBE) 98.5% 81.7% 84.7% 65.7% 58.5%
Liabilities (as a % of assets) 4.8% 4.3% 4.3% 10.5% 17.0%
Unrestricted net assets $1,306,933 $1,305,606 $1,301,110 $1,152,036 $1,673,625
Temporarily restricted net assets $0 $0 N/A N/A N/A
Permanently restricted net assets $0 $0 N/A N/A N/A
Total restricted net assets $0 $0 $0 $0 $0
Total net assets $1,306,933 $1,305,606 $1,301,110 $1,152,036 $1,673,625

Key data checks

Key data checks info 2018 2019 2020 2021 2022
Material data errors No No No No No

Operations

The people, governance practices, and partners that make the organization tick.

Documents
Letter of Determination is not available for this organization
Form 1023/1024 is not available for this organization

CEO

Mr. Jacob Alexander Gordon

Jake Gordon is CEO of Downtown Vision Inc. (DVI), a non-profit focusing on urban revitalization in Downtown Jacksonville, Florida. DVI has a mission to support property owners and stakeholder by helping make “DTJax” a better place to live, work, visit and invest. The Jacksonville Business Journal recognized Jake in 2018 as one of North Florida’s “Ultimate CEOs” in the non-profit category. He formerly worked in Camden, New Jersey, and received his Juris Doctorate from University of Pennsylvania Law School in 2003 and his Bachelors of Arts from University of California, San Diego in 1999. Mr. Gordon is a past chairman of the Urban Land Institute (ULI) national Public Private Partnership Product Council and on the Advisory Board of ULI North Florida. He is also on the board of the International Downtown Association (IDA) and the Jacksonville Chamber of Commerce (JAX Chamber).

Number of employees

Source: IRS Form 990

Downtown Vision Inc.

Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Compensation
Other
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Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.

Downtown Vision Inc.

Board of directors
as of 11/03/2023
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

Mr. Numa Saisselin

The Florida Theatre

Term: 2020 - 2023

Organizational demographics

SOURCE: Self-reported; last updated 9/14/2021

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
White/Caucasian/European
Gender identity
Male, Not transgender
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data

Disability

No data

Contractors

Fiscal year ending
There are no fundraisers recorded for this organization.