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Midwest Support Foundation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 141857868 ✦ Indianapolis, IN ✦ Designated as a 501(c)(3)

Overview

What is Midwest Support Foundation Inc?

Midwest Support Foundation Inc is a nonprofit organization situated in Indianapolis, Indiana. With a primary focus on charitable and educational purposes, they aim to combat community deterioration while preserving historical foundations. This is achieved by developing and fostering low-income housing, thereby providing a range of educational, social, and cultural services tailored to the unique needs of local communities throughout the Midwest. Additionally, they are actively involved in leading real estate development and historic rehabilitation projects, improving or encouraging improvement of key properties that contribute to overall redevelopment efforts in the Midwest. This is facilitated through financing and subsidy funds.


Is Midwest Support Foundation Inc legitimate?

Midwest Support Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midwest Support Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,255

For more financial information, click here


What is the mission statement of Midwest Support Foundation Inc?
Who is the CEO of Midwest Support Foundation Inc?
What is the revenue of Midwest Support Foundation Inc?
Who are the executives of Midwest Support Foundation Inc and what are their salaries?
Where can I find the form 990 for Midwest Support Foundation Inc?

Mission Statement of Midwest Support Foundation Inc

Midwest Support Foundation Inc is an organization with a charitable and educational mission. Its primary goal is to combat community deterioration by developing and fostering low-income housing, while preserving the historical character of the community. This mission is aimed at providing essential educational, social, and cultural services that cater to the needs of the community and its neighborhoods across the Midwest. The foundation's objective is to enhance the quality of life in these communities by offering services tailored to their unique requirements.

Impact

This information is meant to be a general summary of Midwest Support Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Wednesday, July 24, 2024

Midwest Support Foundation Inc's impact is focused on combating community deterioration by developing and fostering low-income housing while maintaining the historic foundation of the community. Through its real estate development initiatives, the organization plays a crucial role in leading the development and historic rehabilitation of commercial or mixed-use buildings in the Midwest. By receiving financing and subsidy funds, Midwest Support Foundation directly improves or encourages the improvement of key properties essential to overall redevelopment efforts in the region. Overall, their work helps provide educational, social, and cultural services based on community and neighborhood needs throughout the Midwest, contributing significantly to community improvement.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $186,966
  • Program Service Revenue: $286,334
  • Gross Receipts: $473,300

    • Assets and Liabilities:
  • Total Assets: $17,449,030
  • Total Liabilities: $2,531,012
  • Net Assets: $14,918,018
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    DEVELOPER FEE

    Revenue

    $254,507

    PARTNERSHIP MANAGEMENT

    Revenue

    $31,827

    Organization Details

    Founding Year

    2002

    Principal Officer

    Janine Betsey

    Main Address

    1301 E WASHINGTON ST SUITE 100, INDIANAPOLIS, IN, 46202

    NTEE Category

    Code: S20 - Community improvement

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