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Nonprofit · EIN 51-0327371

DOWNTOWN DOVER PARTNERSHIP CORP

Tax-exempt · DOVER, DE 19904

Financials

$511K$506K2022$4.6M$909K2023$9.8M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of DOWNTOWN DOVER PARTNERSHIP CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2025990$9,750,931$1,145,635$8,605,296$19,172,053$3,379,755$15,792,298
June 30, 2024990 (amended)$4,588,562$909,192$3,679,370$8,980,515$1,921,258$7,059,257
June 30, 2023990$510,947$505,926$5,021$6,600,733$1,756,096$4,844,637
Financial details: 990 for the year ended June 30, 2025

Revenue

Contributions, gifts and grants
$9,166,411
of which government grants
$9,156,969
Program service revenue
$7,487
Investment income
$432,155
Net rental income
$144,878
Net gain from sales of assets
$7,626
Other revenue
$144,878

Expenses

Grants and similar amounts paid
$429,806
Other salaries and wages
$116,956
Salaries, compensation and benefits (total)
$125,770
Professional fundraising fees
$0
Accounting fees
$12,454
Occupancy
$34,549
Depreciation
$790
Program services (functional)
$872,616
Management and general (functional)
$273,019

Balance sheet and other

Total assets, start of year
$8,980,515
Total assets, end of year
$19,172,053
Total liabilities, end of year
$3,379,755
Net assets, end of year
$15,792,298
Land, buildings and equipment
$4,303,302
Publicly traded securities
$10,258,119
Net assets without donor restrictions
$4,162,317
Net assets with donor restrictions
$11,629,981
Gross receipts
$11,605,274
Employees
2
Year formed
1990
State of legal domicile
DE

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended June 30, 2025, highest compensation first.

NameTitleHours / weekCompensation
JOHN VAN GORPVICE PRESIDE
Trustee or director, Officer
1$0
TODD STONESIFERPRESIDENT
Trustee or director, Officer
1$0
MAYOR ROBIN CHRISTIANSENBOARD MEMBER
Trustee or director
1$0
PETER BRADLEYTREASURER
Trustee or director, Officer
1$0
SARAH KEIFERSECRETARY
Trustee or director, Officer
1$0
COUNCILWOMAN TRICIA ARNDTBOARD MEMBER
Trustee or director
1$0
SHARON DUCABOARD MEMBER
Trustee or director
1$0
CODI CANASABOARD MEMBER
Trustee or director
1$0
COUNCILMAN ROY SUDLERBOARD MEMBER
Trustee or director
1$0
WILL GRIMESBOARD MEMBER
Trustee or director
1$0
DR TERRELL HOLMESBOARD MEMBER
Trustee or director
1$0
SUEDUKA GIBBSBOARD MEMBER
Trustee or director
1$0
ZACHARY PREBULABOARD MEMBER
Trustee or director
1$0
JESSICA JACKSONBOARD MEMBER
Trustee or director
1$0
SENATOR CHARLES PARADEEBOARD MEMBER
Trustee or director
1$0
990 for the year ended June 30, 2024: 17 people
NameTitleHours / weekCompensation
KIM ADAMSBOARD MEMBER
Trustee or director
–$0
COUNCILWOMAN TRICIA ARNDTBOARD MEMBER
Trustee or director
–$0
PETER BRADLEYTREASURER
Trustee or director, Officer
–$0
CODI CANASABOARD MEMBER
Trustee or director
–$0
MAYOR ROBIN CHRISTIANSENEX-OFFICIO
Trustee or director
–$0
DR STACY DOWNINGBOARD MEMBER
Trustee or director
–$0
SHARON DUCABOARD MEMBER
Trustee or director
–$0
JOHN VAN GORPVICE PRESIDE
Trustee or director, Officer
–$0
WILL GRIMESBOARD MEMBER
Trustee or director
–$0
DAVID HUGGCITY PLANNER
Trustee or director
–$0
SARAH KEIFERBOARD MEMBER
Trustee or director
–$0
DONNY LEGANSBOARD MEMBER
Trustee or director
–$0
COUNCILMAN FRED NEILBOARD MEMBER
Trustee or director
–$0
SENATOR TREY PARADEEBOARD MEMBER
Trustee or director
–$0
LINDA PARKOWSKIBOARD MEMBER
Trustee or director
–$0
TODD STONESIFERPRESIDENT
Trustee or director, Officer
–$0
JONATHAN STREETSECRETARY
Trustee or director, Officer
–$0
990 for the year ended June 30, 2023: 17 people
NameTitleHours / weekCompensation
JOHN VAN GORPVICE PRESIDE
Trustee or director, Officer
–$0
TODD STONESIFERPRESIDENT
Trustee or director, Officer
2$0
MAYOR ROBIN CHRISTIANSENEX-OFFICIO
Trustee or director
–$0
DAVID HUGGCITY PLANNER
Trustee or director
–$0
LINDA PARKOWSKIBOARD MEMBER
Trustee or director
–$0
PETER BRADLEYTREASURER
Trustee or director, Officer
–$0
JONATHAN STREETSECRETARY
Trustee or director, Officer
–$0
KIM ADAMSBOARD MEMBER
Trustee or director
–$0
COUNCILWOMAN TRICIA ARNDTBOARD MEMBER
Trustee or director
–$0
MARY ELLEN GRAYBOARD MEMBER
Trustee or director
–$0
CODI CANASABOARD MEMBER
Trustee or director
–$0
COUNCILMAN FRED NEILBOARD MEMBER
Trustee or director
–$0
SENATOR TREY PARADEEBOARD MEMBER
Trustee or director
–$0
DONNY LEGANSBOARD MEMBER
Trustee or director
–$0
DR STACY DOWNINGBOARD MEMBER
Trustee or director
–$0
SARAH KEIFERBOARD MEMBER
Trustee or director
–$0
WILL GRIMESBOARD MEMBER
Trustee or director
–$0

Address and contacts

Address (IRS master file)
101 W LOOCKERMAN ST STE 2B, DOVER, DE 19904-7328
In care of
% CITY OF DOVER FINANCE DEPT
Principal officer (990 for 2024)
TODD STONESIFER, 115 N STREET, DOVER, DE 19901
Signed the 990
TODD STONESIFER, PRESIDENT
Phone
(302) 678-2407
Return prepared by
FAW CASSON & CO LLP

Mission

DEVELOP THE ECONOMIC, CULTURAL, AND HISTORIC RESOURCES OF DOWNTOWN DOVER, TO INCREASE BUSINESS/JOB OPPORTUNITIES AND TO DEVELOP THE COMMERCIAL AND RESIDENTIAL POTENTIAL OF THE CENTRAL DOWNTOWN DOVER AREA.

990 for the year ended June 30, 2025

Program accomplishments

  • TO IMPROVE THE OPPORTUNITIES FOR JOB CREATION, AND TO BROADEN THE TAX BASE THROUGH THE DEVELOPMENT/ACQUISITION OF COMMERCIAL AND RESIDENTIAL REAL ESTATE IN THE CENTRAL DOVER AREA, AND TO MAINTAIN AND RESTORE THE HISTORIC, ARCHITECTURAL, AND COMMUNITY QUALITIES OF THE DOWNTOWN AREA CONSISTENT WITH THE GOALS OF THE NATIONAL MAIN STREET PROGRAM. STATE AND CITY FUNDING OFFER ECONOMIC ASSISTANCE IN THE DESIGNATED ECONOMIC AREA FOR BUILDING CODE UPGRADES AND DEVELOPMENT. AN APPLICATION PROCESS IS IN PLACE TO DETERMINE GRANT ELIGIBILITY.
    Expenses $442,810
  • TO DEVELOP PARKING IN THE DOWNTOWN DOVER AREA AND PROVIDE OVERSIGHT TO THE PARKING LOTS OWNED AND/OR MANAGED BY THE CORPORATION. THE CORPORATION MANAGES AND RECEIVES REVENUE FOR 6 LOTS IN DOWNTOWN DOVER. THESE LOTS PROVIDE PARKING FOR BUSINESS OWNERS, EMPLOYEES, CUSTOMERS, AND VISITORS.
    revenue $7,487
  • TO PROVIDE GRANTS TO ASSIST BUILDING OWNERS WITH HISTORIC PRESERVATION OF BUILDING FRONTS. THE CORPORATION PROVIDED GRANTS FOR FACADE IMPROVEMENTS DURING THE FISCAL YEAR.
    Expenses $429,806 · grants $429,806

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025990 on file
2023June 30, 2024November 15, 2024990 on file

IRS record

EIN
51-0327371
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1993
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$19,172,053
Income (IRS master file)
$11,605,274

Filing history

FormYear endedRevenueExpensesAssetsReturn
990June 2025$9,750,931$1,145,635$19,172,053IRS
990June 2024$4,588,562$909,192$8,980,515IRS
990June 2023$510,947$505,926$6,600,733XML
990June 2022$480,902$395,305$5,229,804IRS
990June 2021–––IRS
990June 2020–––IRS
990June 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0327371).

Questions about DOWNTOWN DOVER PARTNERSHIP CORP

What is the EIN of DOWNTOWN DOVER PARTNERSHIP CORP?
The employer identification number (EIN) of DOWNTOWN DOVER PARTNERSHIP CORP is 51-0327371.
Is DOWNTOWN DOVER PARTNERSHIP CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1993.
Are donations to DOWNTOWN DOVER PARTNERSHIP CORP tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does DOWNTOWN DOVER PARTNERSHIP CORP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DOWNTOWN DOVER PARTNERSHIP CORP due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DOWNTOWN DOVER PARTNERSHIP CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended June 2025.
Who is the principal officer of DOWNTOWN DOVER PARTNERSHIP CORP?
The 990 for the year ended June 30, 2025 names TODD STONESIFER.
Who are the officers and directors of DOWNTOWN DOVER PARTNERSHIP CORP?
The 990 for the year ended June 30, 2025 lists 15 people; 0 received compensation from the organization.
How much revenue does DOWNTOWN DOVER PARTNERSHIP CORP have?
On its 990 for the year ended June 30, 2025 it reported revenue of $9,750,931, expenses of $1,145,635 and total assets of $19,172,053 at year end.

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