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EIN 56-1529636

New Durham Corporation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Durham
State
North Carolina
Year formed
1986
Most recent tax filings
2023-06-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
New Durham Corporation promotes and encourages the revitalization of the City of Durham North Carolina through acquiring, constructing, and leasing real estate, improvements, facilities and equipment for public use. It serves the needs of Durham in developing public improvements alongside the government and lessens their burdens by facilitating improvements through special financing alternatives.
Total revenues
$7,352,191
2023
Total expenses
$7,352,191
2023
Total assets
$226,600,958
2023
Num. employees
0
2023

Program areas at New Durham Corporation

Code 900099: TO SERVE THE NEEDS OF THE CITY OF DURHAM, NC IN DEVELOPING PUBLIC IMPROVEMENTS IN CONJUNCTION WITH ITS GOVERNMENT. IT HAS EXISTED AS A MEANS TO LESSEN THE BURDENS OF THE GOVERNMENT BY FACILITATING IMPROVEMENTS THROUGH SPECIAL FINANCING ALTERNATIVES (RATHER THAN MUNICIPAL FINANCING) AND IT SERVES AS A VEHICLE FOR MUNICIPAL FINANCING FOR THE CITY.

Personnel at New Durham Corporation

NameTitleCompensation
Tim FloraDirector of Finance$0
Mindy TaylorSecretary and Treasurer$0
Wanda PagePresident$0
Emily DesiderioDeputy Finance Director / Vice President / Secretary and Treasurer$0
David BoydVice President$0
...and 1 more key personnel

Financials for New Durham Corporation

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$7,352,191
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$7,352,191

Form 990s for New Durham Corporation

Fiscal year endingDate received by IRSFormPDF link
2024-062024-11-06990View PDF
2023-062023-11-09990View PDF
2022-062022-11-14990View PDF
2021-062021-11-10990View PDF
2020-062021-04-02990View PDF
...and 10 more Form 990s
Data update history
January 2, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 7, 2023
Updated personnel
Identified 2 new personnel
June 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2020
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelTax deductible donationsNo full-time employees
General information
Address
101 City Hall Plaza
Durham, NC 27701
Metro area
Durham-Chapel Hill, NC
County
Durham County, NC
Phone
(919) 560-4455
IRS details
EIN
56-1529636
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1986
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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