Overview
What is Main Street Holden Inc?
Main Street Holden Inc, located at 124 W 2nd St, Holden, MO 64040, is a nonprofit organization committed to fostering economic growth in the community while preserving its historic charm. Their approach encompasses four key elements: Organization, Promotion, Design, and Economic Restructuring. To accomplish this, they've initiated a project to construct an outdoor amphitheater for community events, funded by a loan from the Holden Chamber of Commerce, with donations repaying the debt. This endeavor is part of their broader mission to contribute to Holden's development and enhance the attractiveness of its downtown area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 65% (Two-Star out of Four Star rating)
Main Street Holden Inc has received a Two-Star rating from Charity Navigator, with an overall accountability and finance score of 65. The organization demonstrates strong governance in areas such as having a majority of independent board members and a strong program expense ratio, reflecting effective allocation of funds towards its programs.
However, there are notable weaknesses in financial transparency, as indicated by a high liabilities to assets ratio of 271.08%, which raises concerns about its financial health. Additionally, several key policies, including a whistleblower policy and document retention policy, are missing, which could impact accountability and trustworthiness.
Overall, while Main Street Holden Inc shows strengths in governance and program funding, it faces challenges in financial stability and transparency that may affect donor confidence and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Holden Inc legitimate?
Main Street Holden Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Holden 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
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What is the mission statement of Main Street Holden Inc?
Main Street Holden Inc is committed to fostering economic growth and enhancing the character of its downtown area. They achieve this goal through a four-pronged approach: Organization, Promotion, Design, and Economic Restructuring. This strategy aims to revitalize the community and preserve its history while involving local residents. Notably, they have secured an initial loan from the Holden Chamber of Commerce to construct an outdoor amphitheater for community events, which will be funded through donations.
Who is the CEO of Main Street Holden Inc?
Lori Harris is the President of Main Street Holden Inc.
What is the revenue of Main Street Holden Inc?
Main Street Holden Inc's revenue in 2022 was $16,711.
Who are the executives of Main Street Holden Inc and what are their salaries?
There 50 volunteers at Main Street Holden Inc.
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Where can I find the form 990 for Main Street Holden Inc?
Main Street Holden Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Main Street Holden Inc
Main Street Holden Inc, a dedicated nonprofit organization, is committed to stimulating the economic growth of its community while preserving the charm of its downtown area. They achieve this goal through a strategic approach known as the 4 Point Approach, which encompasses Organization, Promotion, Design, and Economic Restructuring.
In essence, Main Street Holden Inc strives to foster economic development and enhance the character of its downtown area by utilizing these four strategic methods. The Organization aspect involves coordinating efforts and resources within the community to ensure a unified approach towards achieving their goals. The Promotion aspect focuses on showcasing the unique attractions and businesses within the downtown area to attract visitors and potential residents. The Design aspect involves improving the physical appearance of the downtown area to make it more appealing and inviting, while the Economic Restructuring aspect aims to revitalize the local economy by encouraging the establishment of new businesses and the growth of existing ones.
To put their mission into action, Main Street Holden Inc has taken the initiative to construct an outdoor amphitheater in the heart of the downtown area. Funding for this project was secured through a loan from the Holden Chamber of Commerce, with the expectation that donations would be used to repay the loan. This project is a testament to Main Street Holden Inc's commitment to enhancing their community through cultural events and community gatherings.
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Impact
August, 2024
Main Street Holden Inc's impact is significant in driving the economic growth and enhancing the character of downtown Holden through historic preservation and community involvement. By utilizing the 4 Point Approach of Organization, Promotion, Design, and Economic Restructuring, Main Street Holden is actively working towards revitalizing and improving the local area. One notable project undertaken by the organization is the initial construction of an outdoor amphitheater for community events downtown, which was funded by a loan from Holden Chamber of Commerce to be repaid through donations. This initiative not only provides a space for community gatherings but also contributes to the overall beautification and appeal of the downtown area. Overall, Main Street Holden's dedication to community improvement makes a positive impact on the local economy and fosters a sense of pride and unity among residents.
This information is meant to be a general summary of Main Street Holden 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 2022.
- Gross Receipts: $16,711
Assets and Liabilities:
- Total Assets: $10,171
- Total Liabilities: $27,573
- Net Assets: -$17,402
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Organization Details
Founding Year
2013
Phone
(816) 786-3240Principal Officer
Lori Harris
Main Address
124 W 2nd St, Holden, MO, 64040
NTEE Category
Code: S30 - Community improvement
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