Overview
What is Midtown Improvement And Development Corp?
Midtown Improvement and Development Corp is a nonprofit organization based in Houston, Texas, specifically at 410 Pierce Street Suite 355. Their primary mission is to support the Midtown Redevelopment Authority of Houston, Texas, in implementing the Project Plan for Reinvestment Zone Number Two. This nonprofit works closely with the Midtown Management District, a special district established under Chapter 3809 of the Texas Special District Local Laws Code. Their role is to promote, develop, encourage, and maintain various aspects of the Midtown area in Houston, including employment, commerce, transportation, housing, tourism, recreation, arts, entertainment, economic development, safety, and public welfare. Their goal is to enhance the overall well-being and vitality of the Midtown region in Houston, Texas.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 98% (Four-Star out of Four Star rating)
Midtown Improvement And Development Corp has achieved an impressive Four-Star rating from Charity Navigator, signifying strong performance in accountability and financial health. The charity's overall score is derived entirely from its Accountability & Finance score, which stands at 98%. This high rating reflects the organization’s commitment to transparency and responsible management of resources.
The organization boasts a fully independent board of directors, with all eight members meeting the criteria set by Charity Navigator. Additionally, it has received full points across various metrics, including having an effective audit and oversight committee and maintaining robust conflict of interest and whistleblower policies. The program expense ratio of 91.59% indicates that a significant portion of its resources is directed towards its core mission.
While the ratings demonstrate a solid operational framework, there are no specific limitations or areas of concern highlighted in the data provided. Overall, Midtown Improvement And Development Corp exemplifies good governance and responsible financial practices, making it a trustworthy option for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Midtown Improvement And Development Corp legitimate?
Midtown Improvement And Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midtown Improvement And Development Corp 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: $519,225
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What is the mission statement of Midtown Improvement And Development Corp?
The Midtown Improvement and Development Corp serves to aid and assist in the implementation of the project plan for the Reinvestment Zone Number Two in the city of Houston, Texas. Their primary role is to promote, develop, encourage, and maintain various aspects of the Midtown area, including employment, commerce, transportation, housing, tourism, recreation, the arts, entertainment, economic development, safety, and public welfare. They work in partnership with the Midtown Redevelopment Authority and the Midtown Management District, both established under relevant Texas laws, to enhance the overall well-being and vitality of the Midtown area.
Who is the CEO of Midtown Improvement And Development Corp?
Matt Thibodeaux is the Acting Board Chair of Midtown Improvement And Development Corp.
What is the revenue of Midtown Improvement And Development Corp?
Midtown Improvement And Development Corp's revenue in 2022 was $1,901,505.
Who are the executives of Midtown Improvement And Development Corp and what are their salaries?
Here are 4 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Midtown Improvement And Development Corp?
Midtown Improvement And Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Midtown Improvement And Development Corp
Midtown Improvement and Development Corp serves a crucial role in aiding and assisting the Midtown Redevelopment Authority of Houston, Texas. Their primary mission is to support the implementation of the project plan for Reinvestment Zone Number Two in the city of Houston, as well as the Midtown Management District, a special district established under Chapter 3809 of the Texas Special District Local Laws Code. This organization's purpose is to promote, develop, encourage, and maintain various aspects of growth and welfare in the Midtown area of Houston, Texas.
Specifically, Midtown Improvement and Development Corp works towards improving employment, commerce, transportation, housing, tourism, recreation, the arts, entertainment, economic development, safety, and public welfare within the Midtown area. By doing so, this nonprofit organization aims to contribute to the overall betterment and development of the community, fostering a thriving and vibrant environment. The organization's mission is to create a harmonious balance between these various sectors, thereby ensuring the well-being of the Midtown community as a whole.
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Impact
July, 2024
Midtown Improvement And Development Corp plays a key role in facilitating the revitalization and growth of the Midtown area in Houston, Texas. By supporting the Midtown Redevelopment Authority and the Midtown Management District, this organization actively promotes and encourages various aspects of community development such as employment, commerce, transportation, housing, tourism, recreation, arts, entertainment, economic development, safety, and public welfare. Through its initiatives, Midtown Improvement And Development Corp contributes to the overall enhancement and well-being of the Midtown neighborhood in Houston.
This information is meant to be a general summary of Midtown Improvement And Development Corp. 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.
- Investment Income: $4,699
- Gross Receipts: $1,901,505
Assets and Liabilities:
- Total Assets: $1,172,846
- Total Liabilities: $272,275
- Net Assets: $900,571
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Organization Details
Founding Year
2013
Phone
(713) 526-7577Principal Officer
Matt Thibodeaux
Main Address
410 PIERCE STREET SUITE 355, HOUSTON, TX, 77002
NTEE Category
Code: S20 - Community improvement
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