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Ideal Community Economic Education Development Inc

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

EIN: 311740857 ✦ Midland, TX ✦ Designated as a 501(c)(3)

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Overview

What is Ideal Community Economic Education Development Inc?

Ideal Community Economic Education Development Inc is a nonprofit organization situated in Midland, Texas. Their primary mission is to offer affordable rental spaces for small businesses and housing options for low-income families. The organization covers its expenses through property taxes, professional fees, and office expenses. By providing these essential resources, Ideal Community Economic Education Development Inc aims to contribute positively to the local community, fostering economic growth and social equality.

Is Ideal Community Economic Education Development Inc legitimate?

Ideal Community Economic Education Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ideal Community Economic Education Development 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:

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

For more financial information, click here

What is the mission statement of Ideal Community Economic Education Development Inc?

Ideal Community Economic Education Development Inc is committed to serving its community by offering affordable rental spaces for small businesses and housing options for low-income families. The organization's mission is centered around making essential resources accessible to those who need them most, thereby promoting economic growth and social equality within the community. By providing affordable spaces for small businesses, Ideal Community Economic Education Development Inc fosters entrepreneurship and supports local economic development. Similarly, by offering affordable housing, it ensures that low-income families have a decent place to live, thereby contributing to a more inclusive and equitable community.

Who is the CEO of Ideal Community Economic Education Development Inc?

George Bell is the President of Ideal Community Economic Education Development Inc.

What is the revenue of Ideal Community Economic Education Development Inc?

Ideal Community Economic Education Development Inc's revenue in 2022 was $90,625.

Who are the executives of Ideal Community Economic Education Development Inc and what are their salaries?

There 3 volunteers at Ideal Community Economic Education Development Inc.


Here are 6 key members and their salaries:


Roy Nelson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosie Gransberry (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Helen Price (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
George Bell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Velma Jackson (Vice Presidentfinancial Secr)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rosalind Perkins (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Ideal Community Economic Education Development Inc?

Ideal Community Economic Education Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Ideal Community Economic Education Development Inc

Ideal Community Economic Education Development Inc, as its mission statement suggests, is dedicated to providing affordable housing solutions for low-income families and rental spaces for small businesses. By prioritizing affordability, this nonprofit organization aims to contribute to the economic growth and stability of its community members, ensuring that both small businesses and families have the necessary resources to thrive. Through its provision of affordable housing and rental spaces, Ideal Community Economic Education Development Inc plays a crucial role in fostering economic development and promoting social equity in its community.

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Impact




October, 2024

Ideal Community Economic Education Development Inc significantly impacts the Midland community by providing affordable rental spaces for small businesses and accessible housing for low-income families. This initiative fosters economic growth by supporting entrepreneurs who may struggle to find financially viable locations to launch or expand their businesses. By mitigating overhead costs, the organization enables small businesses to thrive, contributing to the local economy and creating job opportunities.

Furthermore, the provision of affordable housing addresses a critical need for low-income families, promoting stability and a better quality of life. By ensuring that residents have access to safe and affordable living conditions, Ideal Community Economic Education Development Inc helps to build a more robust and cohesive community. This dual focus on economic development and housing affordability illustrates the organization's commitment to fostering a sustainable economic environment while enhancing the well-being of Midland's residents.




This information is meant to be a general summary of Ideal Community Economic Education Development 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.

Revenue
$90,625 (2022)
Expenses
$102,665 (2022)
Efficiency

Other financial information:

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

  • Program Service Revenue: $35,662
  • Gross Receipts: $90,625

Assets and Liabilities:

  • Total Assets: $835,871
  • Total Liabilities: $392,419
  • Net Assets: $443,452

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Programs

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

RENT INCOME

Revenue

$35,662

Organization Details

Founding Year

2000

Principal Officer

George Bell

Main Address

301 S TYLER, Midland, TX, 79701

NTEE Category

Code: P33 - Human services

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