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Midtown Manor Inc

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

EIN: 751549067 ✦ Waco, TX ✦ Designated as a 501(c)(3)

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Overview

What is Midtown Manor Inc?

Midtown Manor Inc is a nonprofit organization, situated in Waco, Texas, primarily focused on providing affordable housing for low-income elderly and handicapped individuals. With a commitment to serving the Wichita Falls area, Midtown Manor Inc strives to offer suitable living accommodations to those in need. Although the specific number of employees is limited to four, the organization remains dedicated to its mission.

Is Midtown Manor Inc legitimate?

Midtown Manor Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midtown Manor 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: $176,949

For more financial information, click here

What is the mission statement of Midtown Manor Inc?

Midtown Manor Inc is committed to providing low-income housing for individuals in need. Their mission is to offer housing facilities for elderly and handicapped individuals, ensuring they have a safe and suitable living environment. The organization aims to make a significant impact in the lives of these individuals, providing them with a place to call home despite their financial constraints. Midtown Manor Inc's activities are geared towards supporting those who may otherwise struggle to secure housing, thereby promoting social inclusion and equality.

Who is the CEO of Midtown Manor Inc?

Rick Sims is the President of Midtown Manor Inc.

What is the revenue of Midtown Manor Inc?

Midtown Manor Inc's revenue in 2023 was $1,281,502.

Who are the executives of Midtown Manor Inc and what are their salaries?

The average compensation at Midtown Manor Inc during 2023 was $44,237. There are 4 employees and 5 volunteers at Midtown Manor Inc.


Here are 5 key members and their salaries:


Rick S Sims (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Ginnings (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Hegglund (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dustin Nimz (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Randy Holley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Midtown Manor Inc?

Midtown Manor Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Midtown Manor Inc

Midtown Manor Inc, a nonprofit organization, is dedicated to providing low-income housing for individuals in need. Their mission is centered around offering suitable housing facilities for elderly and handicapped individuals residing in the Wichita Falls area. By offering this essential service, Midtown Manor Inc contributes significantly to the well-being and comfort of those who may otherwise struggle to secure affordable housing. The organization's commitment to this cause reflects a deep understanding of the challenges faced by low-income individuals and their determination to make a positive difference in their lives.

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Impact




October, 2024

Midtown Manor Inc significantly impacts the Wichita Falls community by providing essential low-income housing for elderly and handicapped individuals. By offering accessible and affordable living spaces, it addresses a critical need for vulnerable populations who often face financial hardships. This contribution not only enhances the quality of life for its residents but also fosters a sense of stability and security within the community. The organization plays a vital role in ensuring that those in need have a place to call home, promoting inclusivity and support for individuals who may otherwise struggle to find adequate housing.




This information is meant to be a general summary of Midtown Manor 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
$1,281,502 (2023)
Expenses
$1,098,625 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $1,646
  • Program Service Revenue: $355,999
  • Gross Receipts: $1,281,502

Assets and Liabilities:

  • Total Assets: $1,593,551
  • Total Liabilities: $4,010,329
  • Net Assets: -$2,416,778

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Programs

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

TENANT RENT & FEES

Revenue

$355,999

Organization Details

Founding Year

1976

Principal Officer

Rick Sims

Main Address

112 SO 32ND STREET, WACO, TX, 76710

NTEE Category

Code: L22Z - Housing

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