Overview
What is Miami Township Community Improvement Corporation?
The Miami Township Community Improvement Corporation, based in Miammisburg, Ohio (specifically at 2700 Lyons Road), is a nonprofit organization devoted to fostering industrial, economic, commercial, and civic development within Miami Township, Montgomery County, Ohio. Their primary mission is to bolster growth and progression in these sectors. Recently, they assisted Miami Township in obtaining a loan from the First State Infrastructure Bank to construct the Vienna Parkway Extension, which paved the way for the Vienna Springs Development. The Corporation serves as a backup for Miami Township until the real estate and payroll tax collections are sufficient to service the debt, bridging any initial financial gaps. Currently, the Corporation is preparing lots in anticipation of sale, with the final piece of the Vienna Center project and an elder-care facility being readied for development. The revenue from the sale of these parcels will contribute to funding future Community Improvement Corporation projects.
Is Miami Township Community Improvement Corporation legitimate?
Miami Township Community Improvement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miami Township Community Improvement Corporation 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:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Miami Township Community Improvement Corporation?
The Miami Township Community Improvement Corporation's mission is to foster, encourage, and promote industrial, economic, commercial, and civic development within their jurisdiction. Their primary goal is to advance growth and improvement in various sectors, including industry, economy, commerce, and community development. The corporation plays a crucial role in facilitating projects, such as the Vienna Parkway extension and Vienna Springs development, by acting as a financial backstop until the township's tax collections are sufficient to service the debt. The corporation prepares lots for sale, with the proceeds funding future projects, as demonstrated by the readiness of two parcels for development, including a portion of the Vienna Center project and an elder-care facility.
Who is the CEO of Miami Township Community Improvement Corporation?
John Morris is the President of Miami Township Community Improvement Corporation.
What is the revenue of Miami Township Community Improvement Corporation?
Miami Township Community Improvement Corporation's revenue in 2022 was $0.
Who are the executives of Miami Township Community Improvement Corporation and what are their salaries?
There 6 volunteers at Miami Township Community Improvement Corporation.
Here are 6 key members and their salaries:
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Where can I find the form 990 for Miami Township Community Improvement Corporation?
Miami Township Community Improvement Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Miami Township Community Improvement Corporation
Miami Township Community Improvement Corporation (MTCIC) is an organization dedicated to fostering industrial, economic, commercial, and civic development within Miami Township, Montgomery County, Ohio. Their primary mission is to advance, encourage, and promote growth in these sectors, aiming to enhance the overall development of the community.
In pursuit of this mission, MTCIC plays a crucial role in facilitating major projects. For instance, they helped cover the initial costs associated with the first State Infrastructure Bank loan obtained by the township, enabling the delivery of the Vienna Parkway Extension and facilitating the Vienna Springs Development. This involvement ensures that the community benefits from these projects while the township gradually takes over the repayment responsibilities as its revenue streams increase.
Furthermore, MTCIC has prepared several parcels of land for future development. These include a lot for the sale component of the Vienna Center project north of the road extension and an elder-care facility. The proceeds from the sale of these parcels will be used to fund future projects undertaken by MTCIC, furthering its mission of promoting development within the community.
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Impact
October, 2024
The Miami Township Community Improvement Corporation (CIC) plays a crucial role in fostering industrial, economic, commercial, and civic development within Miami Township, Montgomery County, Ohio. By facilitating projects such as the Vienna Parkway Extension and the Vienna Springs development, the CIC advances significant infrastructure improvements that bolster the region's growth.
One of its key impacts is serving as a financial backstop for the township during the initial phases of development. This support ensures that the township can effectively manage its State Infrastructure Bank loan, paving the way for projects that will enhance local commerce and community living. The CIC's efforts in preparing lots for development, particularly in the Vienna Center project, demonstrate its commitment to creating market-ready parcels. The proceeds from these sales are vital for funding future initiatives, thereby contributing to a cycle of continuous improvement and economic vitality in the community.
Overall, the Miami Township CIC is instrumental in creating a robust foundation for sustainable growth by driving economic initiatives that can attract businesses and enhance the quality of life for residents.
This information is meant to be a general summary of Miami Township Community Improvement Corporation. 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 2022.
Assets and Liabilities:
- Total Assets: $1,270,456
- Total Liabilities: $0
- Net Assets: $1,270,456
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Organization Details
Founding Year
2007
Phone
(937) 433-9969Principal Officer
John Morris
Main Address
2700 LYONS ROAD, MIAMISBURG, OH, 45342
NTEE Category
Code: S30 - Community improvement
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