Overview
What is Downtown Toledo Improvement District Inc?
Downtown Toledo Improvement District Inc is a nonprofit organization situated in Toledo, Ohio, specifically at 300 Madison Avenue Suite 0110. Their primary mission is to enhance and maintain the commercial, cultural, residential, and recreational downtown area of the city, collaborating with local authorities and organizations to preserve the economic well-being of this sector. To achieve this, the organization provides additional services beyond those offered by the city, such as public spaces management, supplemental security and hospitality, communications and marketing, business and residential development, and member services. These efforts are aimed at creating a vibrant and thriving downtown community for both businesses and residents.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 75% (Three-Star out of Four Star rating)
The Downtown Toledo Improvement District Inc has received a three-star rating from Charity Navigator, reflecting a solid performance in accountability and finance. With a score of 75%, this rating indicates that the organization meets essential benchmarks for transparency and financial stewardship, making it a reliable choice for potential donors.
Strengths noted in the evaluation include a fully independent board, which enhances governance and decision-making processes. The organization demonstrates excellent material control over its assets with no recorded diversions, and it has strong policies in place for conflict of interest, document retention, and board meeting minutes. Furthermore, an impressive program expense ratio of nearly 99% indicates that the majority of expenses are directed towards fulfilling its mission.
While the organization shows strong performance in accountability, it is essential for potential supporters to consider other elements such as program outcomes and community impact, which are not captured in the financial score alone. Overall, the Downtown Toledo Improvement District Inc presents a commendable approach to financial management, though further insights into its programmatic effectiveness would provide a more comprehensive view of its impact.
This AI summary has been generated from information found on Charity Navigator.
Is Downtown Toledo Improvement District Inc legitimate?
Downtown Toledo Improvement District Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Downtown Toledo Improvement District 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.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Downtown Toledo Improvement District Inc?
The Downtown Toledo Improvement District Inc is committed to providing additional services to property owners within a designated special assessment district. These services encompass public spaces, enhanced security and hospitality, communications and marketing, business and residential development, and member services, surpassing what the City of Toledo offers. Their mission is to promote and participate in programs that maintain, improve, and develop the downtown area of the city as a thriving business, cultural, residential, and recreational community. They collaborate with various agencies and groups, including the City of Toledo and Lucas County, to preserve the economic well-being and opportunities in the downtown area, providing programming that supports its sustainability.
What is the revenue of Downtown Toledo Improvement District Inc?
Downtown Toledo Improvement District Inc's revenue in 2023 was $1,024,924.
Who are the executives of Downtown Toledo Improvement District Inc and what are their salaries?
There 18 volunteers at Downtown Toledo Improvement District Inc.
Here are 18 key members and their salaries:
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Where can I find the form 990 for Downtown Toledo Improvement District Inc?
Downtown Toledo Improvement District Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Downtown Toledo Improvement District Inc
The Downtown Toledo Improvement District Inc is dedicated to providing additional services beyond those offered by the City of Toledo to property owners within a specified assessment district. These services encompass public spaces, supplemental security and hospitality, communications and marketing, business and residential development, and member services. The organization's mission is to actively participate in programs aimed at maintaining, improving, and building the downtown area of Toledo, transforming it into a thriving business, cultural, residential, and recreational community. The Downtown Toledo Improvement District Inc collaborates with various agencies and groups, such as the City of Toledo and Lucas County, to provide programming that preserves the economic well-being and opportunities in the downtown area of Toledo.
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Impact
October, 2024
The Downtown Toledo Improvement District Inc has a significant impact on the vitality and appeal of downtown Toledo. It focuses on enhancing the urban environment by providing essential services to property owners, which include the maintenance and improvement of public spaces, supplemental security, and hospitality services.
By investing in communications and marketing initiatives, the organization helps to promote the downtown area as a viable business, cultural, residential, and recreational community. This not only attracts new businesses and residents but also fosters a vibrant atmosphere that encourages community engagement.
Through collaborative programming with the city, Lucas County, and various agencies, the organization addresses economic well-being and community development, ensuring that downtown Toledo remains a thriving area for all. The focus on business and residential development further supports the area's growth, making it a desirable location for investment and habitation. Overall, the Downtown Toledo Improvement District Inc plays a crucial role in shaping the future of the city’s downtown, making it a more inviting and prosperous place to live, work, and visit.
This information is meant to be a general summary of Downtown Toledo Improvement District Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $12,033
- Gross Receipts: $1,024,924
Assets and Liabilities:
- Total Assets: $857,136
- Total Liabilities: $0
- Net Assets: $857,136
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Organization Details
Founding Year
2005
Principal Officer
Bruce Rumpf
NTEE Category
Code: S200 - Community improvement
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