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Filing year 2023

DOWNTOWN NORFOLK DEVELOPMENT CORPORATION

Norfolk, Virginia·EIN 54-1122850·6
Total revenue
$2.5M
Total assets
$1.9M
Total expenses
$2.8M
Reported officers
27
Mission

THE DOWNTOWN NORFOLK COUNCIL (DNC) ENHANCES DOWNTOWN NORFOLK'S VALUE, ENERGY, AND ACTIVITY THROUGH PROVIDING ESSENTIAL CLEAN AND SAFE SERVICES, STRENGTHENING AUTHENTIC URBAN EXPERIENCES, AND FOSTERING INCLUSIVE COMMUNITY.

Executive compensation

Form 990 · Schedule J · 1 reported individual · Filing year 2023

President/ceo
chief executive officer
$143k
$157k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 26 unpaid individuals.

Up 15%
from 2022

From $124k in 2022 to $143k in 2023.

$124k
2022
$143k
2023
In today's dollarsEst.
Up 11% in real terms$142k to $157k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

DOWNTOWN NORFOLK DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.4M
$2.9M
2022
$2.5M
$2.8M
2023
Total revenue and total expenses from IRS Form 990 filings.
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