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Miracit Development Corporation Inc

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

EIN: 311384497 ✦ Columbus, OH ✦ Designated as a 501(c)(3)

Overview

What is Miracit Development Corporation Inc?

Miracit Development Corporation Inc, based in Columbus, Ohio, is a dedicated nonprofit organization with a mission to revitalize its local community. They achieve this by proactively securing funds through contributions, grants, and loans, which are then utilized to enhance housing and develop real estate. The corporation offers affordable rental housing options and engages in construction and rehabilitation projects. Their primary goal is to improve the living conditions in the surrounding neighborhood and cater to the needs of low and moderate-income individuals by developing real estate.


Official website here: www.miracit.org

Is Miracit Development Corporation Inc legitimate?

Miracit Development Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Miracit Development Corporation 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: $0

For more financial information, click here


Official website here: www.miracit.org

What is the mission statement of Miracit Development Corporation Inc?

Miracit Development Corporation Inc is dedicated to revitalizing its surrounding community. It achieves this mission by actively seeking and utilizing contributions, grants, and loans to enhance housing conditions. The corporation's primary goal is to improve the housing situation in the neighborhood. Additionally, Miracit Development Corporation engages in real estate development, focusing on properties that cater to individuals with moderate and low incomes.


Official website here: www.miracit.org

Who is the CEO of Miracit Development Corporation Inc?

Sharon Davis is the Chairman of Miracit Development Corporation Inc.


Official website here: www.miracit.org

What is the revenue of Miracit Development Corporation Inc?

Miracit Development Corporation Inc's revenue in 2022 was $2,437,135.


Official website here: www.miracit.org

Who are the executives of Miracit Development Corporation Inc and what are their salaries?

Here are 9 key members and their salaries:

    Dr Edgar Posey (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $104,000
  • Other: $0

    • Sharon Davis (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $47,201
  • Other: $0

    • Chantal Green (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $6,500
  • Other: $0

    • Darrell Francis (Vice Chairma) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Angeletha Rogers (Assistant Se) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nathaniel Williams (Assistant Tr) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rhonda Smith (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kamina Mabry (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeaneen Hooks (Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.miracit.org

    Where can I find the form 990 for Miracit Development Corporation Inc?

    The Miracit Development Corporation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.miracit.org

    Learn more at the official website: www.miracit.org

    Mission Statement of Miracit Development Corporation Inc

    Miracit Development Corporation, with a mission to be a proactive catalyst, strives to revitalize its surrounding neighborhood. Established with the goal of obtaining and utilizing contributions, grants, and loans, this organization focuses on improving housing conditions in the area. Beyond just housing, Miracit Development Corporation also engages in real estate development, specifically for low and moderate-income individuals. By implementing these initiatives, the corporation aims to contribute positively to the community, fostering a sense of improvement and growth.

    Impact

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




    Thursday, August 15, 2024

    Miracit Development Corporation Inc's impact is evident in its proactive role as a catalyst for revitalizing the surrounding neighborhood. By obtaining and utilizing contributions, grants, and loans, this organization is actively working to improve housing conditions and develop real estate for low and moderate-income individuals. Through programs focused on affordable rental housing, as well as construction and rehabilitation initiatives, Miracit Development Corporation is making a tangible difference in Columbus, OH, by addressing the crucial need for quality housing options in the community.





    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: $1,157,199
  • Program Service Revenue: $359,263
  • Gross Receipts: $3,373,436

    • Assets and Liabilities:
  • Total Assets: $1,587,326
  • Total Liabilities: $361,773
  • Net Assets: $1,225,553
  • Programs

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

    RENTAL INCOME

    Revenue

    $329,143

    FEE INCOME

    Revenue

    $30,120

    Organization Details

    Founding Year

    1993

    Principal Officer

    Sharon Davis

    Main Address

    2177 MOCK ROAD, COLUMBUS, OH, 43219

    NTEE Category

    Code: L21Z - Housing

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