Downtown Hampton Development Partnership Inc.

Downtown Hampton Development Partnership Inc. is a nonprofit organization focused on community improvement and business promotion within the downtown area of Hampton, Virginia. The organization operates under the National Taxonomy of Exempt Entities (NTEE) categories for Community Improvement and Capacity Building/Promotion of Business.

Mission and Activities

The mission of Downtown Hampton Development Partnership Inc. is to enhance the economic health and quality of life in downtown Hampton. This is achieved through various initiatives aimed at revitalizing and supporting local businesses, as well as improving the overall community environment. Activities typically involve collaboration with local stakeholders, event management, and public service projects designed to boost economic activity and community engagement.

Financial Overview

The organization's financial operations are based on a combination of revenue sources, primarily including contributions (donations) and program services. In recent years, contributions have constituted a significant portion of the total revenue, with program services also playing a substantial role. The organization's total assets have consistently been valued over $1 million, with liabilities generally under $100,000.

Recognition and Accountability

Downtown Hampton Development Partnership Inc. has received a 4/4 Star rating from Charity Navigator, indicating high accountability and transparency. As a nonprofit organization, it files annual Form 990 documents with the Internal Revenue Service (IRS), which are publicly available for review.

Community Impact

The partnership's efforts contribute to the vibrant atmosphere of downtown Hampton by supporting local dining, shopping, and cultural events. The area is known for its waterfront settings and unique cultural activities, such as the Hampton History Museum's events, which highlight the community's historical significance.

Governance and Compliance

As a tax-exempt organization, Downtown Hampton Development Partnership Inc. adheres to regulations set by the IRS, ensuring transparency and compliance with financial reporting and governance standards.

[1] https://projects.propublica.org/nonprofits/organizations/541792945 [2] https://business.virginiapeninsulachamber.com/list/member/downtown-hampton-development-partnership-hampton-6109 [3] https://projects.propublica.org/nonprofits/organizations/541792945/202130219349301203/full [4] https://www.downtownhampton.com [5] https://www.charitynavigator.org/ein/541792945