# Downtown Development Corporation

Rutland, Vermont. EIN 23-7384193.
Exempt and current.

Source: IRS public records as of October 13, 2026, as shown by the Alleviate Index. https://index.alleviate.org/org/downtown-development-corporation-237384193

## At a glance

Figures come from the organization’s Form 990 for the fiscal year ending December 2025, as recorded by the IRS.

- Revenue: $585,988 (FY2025)
- Assets: $849,086 (Year end)
- Required return: Form 990 (Full return required from $200K of receipts)
- Fiscal year: January to December (Ends in December)
- Focus: Senior citizens housing and retirement communities (NTEE L22, housing)
- Charity type: Publicly supported (509(a)(2))

## What is due, and when

Computed from the fiscal year end and the return type. Federal dates are fixed by law. The state line is the general charitable solicitation rule of Vermont, read from the regulator’s own guidance; exemptions vary, and the regulator’s page is the authority.

- May 17, 2027: Form 990 for FY2026. Fifteenth day of the fifth month after year end. May 15 falls on a Saturday, so the deadline moves to Monday.
- State: Vermont charitable solicitation registration. Vermont does not require charities to register before they ask for contributions. Regulator: Office of the Vermont Attorney General (https://ago.vermont.gov/charities-paid-fundraisers).
- Watch: Automatic revocation rule. No risk shown. Exempt status is revoked after three consecutive years without a return. The latest return on file is FY2025.

## When each return reached the IRS

From IRS records of electronically filed returns. The IRS record date is the date in the IRS’s own record of each return. It is not a legal filing date, and extensions are not public.

| Fiscal year | Form | IRS record date | Due date | Note |
| --- | --- | --- | --- | --- |
| FY2025 | Form 990 | April 1, 2026 | May 15, 2026 | On or before the due date |
| FY2024 | Form 990 | March 26, 2025 | May 15, 2025 | On or before the due date |
| FY2023 | Form 990 | March 14, 2024 | May 15, 2024 | On or before the due date |
| FY2022 | Form 990 | May 17, 2023 | May 15, 2023 |  |
| FY2021 | Form 990 | August 11, 2022 | May 16, 2022 |  |

Returns for fiscal years before 2021, and returns the IRS record cannot date, are not listed.

## What the IRS lists say

Three IRS lists, read each month. This is a display of what they show, not a determination of status.

- Exempt status: Listed as exempt. The IRS list of exempt organizations. As of October 13, 2026.
- Deductible donations: Listed. The IRS list of organizations eligible to receive tax deductible contributions. Listed with code PC (public charity). As of October 13, 2026.
- Automatic revocation: On the list, reinstated. Revoked May 15, 2016. Posted October 10, 2016. The list shows the exemption reinstated on May 15, 2016.

## Against Vermont housing organizations of similar size

22 public charities share this focus and state with revenue between $500K and $5M on a recent return. The shaded band is the middle half of the group.

Revenue scale from $500K to $5M. Downtown Development Corporation at $586K, peer median at $1.24M.

- Revenue rank: 11th percentile (Among the 22 peers)
- Assets held: About 17 months (Of annual revenue, from public figures)
- Age: Younger than most (Approved 2018; the median peer, 1994)

## What public data cannot tell you

A 990 shows money in and money out. It cannot show whether programs, outcomes, funding and compliance live in one place, or how long a funder report takes to produce. The five pillars below are scored only by the organization itself.

- Mission & Strategic Clarity: Unscored
- Stakeholders & Positioning: Unscored
- Programs & Program Design: Unscored
- Evidence, Data & Storytelling: Unscored
- Systems, Governance & Readiness: Unscored

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