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Filing year 2024

HARRISONBURG DOWNTOWN RENAISSANCE

Harrisonburg, Virginia·EIN 58-2675553·NTEE S20 · Community Improvement & Capacity Building·501(c)(3)
Total revenue
$821k
Total assets
$1.1M
Total expenses
$880k
Reported officers
20
Mission

HDR IS A DESIGNATED MAIN STREET AMERICA COMMUNITY AND RECEIVED ITS ANNUAL ACCREDITATION FROM THE VIRGINIA DEPT OF HOUSING AND COMMUNITY DEVELOPMENT AND MAIN STREET AMERICA. THE NONPROFIT IS A COMMUNITY-BASED ECONOMIC DEVELOPMENT ORGANIZATION THAT IS FOCUSED ON THE ON-GOING REVITALIZATION OF HISTORIC DOWNTOWN HARRISONBURG (VA). ITS MISSION IS TO BUILD DOWNTOWN HARRISONBURG AS A DESTINATION WHERE SMALL BUSINESSES THRIVE AND PEOPLE ENJOY MEMORABLE EXPERIENCES. IT MEETS ITS MISSION WITH SMALL BUSINESS ASSISTANCE PROGRAMS, COMMUNITY FESTIVALS & EVENTS, DESTINATION MARKETING, PLACEMAKING AND BEAUTIFICATION PROJECTS, AND PROMOTING HISTORIC PRESERVATION. SINCE ITS INCEPTION IN 2003, THERE HAS BEEN OVER $150M IN PRIVATE INVESTMENT IN DOWNTOWN, OVER $26M IN PUBLIC INVESTMENT, OVER 122,000 VOLUNTEER HOURS CONTRIBUTED TO OUR WORK, $61M IN HISTORIC TAX CREDIT PROJECTS. ITS WORK BRINGS THE COMMUNITY TOGETHER FOR COMMUNITY COHESIION AND PRIDE, BOOSTS THE TAX BASE, ATTRACTS INVESTMENT AND CUSTOMERS.

Executive compensation

Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Virginia.

Executive Director
25th percentile to median
$89k
$95k

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 19 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at HARRISONBURG DOWNTOWN RENAISSANCE equaled 10% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2024)
10%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 4%
from 2023

From $92k in 2023 to $89k in 2024.

$92k
2023
$89k
2024
In today's dollarsEst.
Down 6% in real terms$101k to $95k

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.

Pay for the position

Chief Executive Officer pay fell 4% from 2023 to 2024, while revenue fell 23%.

$92k in 2023 to $89k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about HARRISONBURG DOWNTOWN RENAISSANCE

What does the Chief Executive Officer of HARRISONBURG DOWNTOWN RENAISSANCE earn?

In 2024, the Chief Executive Officer of HARRISONBURG DOWNTOWN RENAISSANCE received $89,189 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Virginia, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at HARRISONBURG DOWNTOWN RENAISSANCE compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Virginia, the 2024 pay of the Chief Executive Officer at HARRISONBURG DOWNTOWN RENAISSANCE falls between the 25th percentile and the median. In 2024, the highest total compensation at HARRISONBURG DOWNTOWN RENAISSANCE equaled 10% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are HARRISONBURG DOWNTOWN RENAISSANCE's revenue and expenses?

In 2024, HARRISONBURG DOWNTOWN RENAISSANCE reported $821k in total revenue and $880k in total expenses on its IRS Form 990.

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