Overview
What is Midtown Dallas Inc Formerly Vickery Meadow Management Corp?
Midtown Dallas Inc, previously known as Vickery Meadow Management Corp, is a nonprofit organization situated in Dallas, Texas. The organization's primary mission is to enhance the safety and appeal of the Midtown neighborhood, benefiting families, businesses, and property owners. To achieve this, they provide a robust security service, including funding for marked patrol vehicles, security officers, and off-duty Dallas police officers. This service extends to approximately 11,761 residential units and over 100 businesses located in the area. The Midtown Improvement District's charitable works are aimed at improving the overall quality of life in Vickery Meadow, Dallas, Texas. The organization operates under Section 501(c)(3) of the Internal Revenue Code, allowing it to make distributions to other exempt organizations.
Official website here: www.vickerymeadow.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Midtown Dallas Inc, formerly Vickery Meadow Management Corp, has achieved a remarkable Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The overall score of 96% is derived entirely from its Accountability & Finance metrics, showcasing the organization's commitment to transparency and responsible management of funds.
One of the notable strengths of Midtown Dallas Inc is its board governance, with 100% of its members being independent. This not only ensures that there are no conflicts of interest but also enhances the organization's integrity. Additionally, the charity has robust financial oversight, as evidenced by its high scores in areas such as audit and oversight committee performance and the absence of material asset diversion.
Despite these strengths, the summary does not highlight any specific limitations or concerns within the organization. The high program expense ratio of 84.18% suggests that a significant majority of its resources are dedicated to its mission-driven programs, further reinforcing the charity's effectiveness and commitment to its community initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Midtown Dallas Inc Formerly Vickery Meadow Management Corp legitimate?
Midtown Dallas Inc Formerly Vickery Meadow Management Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midtown Dallas Inc Formerly Vickery Meadow Management 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:
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Other Salaries and Wages: $82,457
For more financial information, click here
Official website here: www.vickerymeadow.com
What is the mission statement of Midtown Dallas Inc Formerly Vickery Meadow Management Corp?
The Midtown Improvement District, formerly known as Vickery Meadow Management Corp, is organized for charitable and educational purposes. Its primary mission is to enhance the neighborhood by providing a safe and appealing environment for families, businesses, and property owners. This, in turn, aims to improve the quality of life for everyone residing in the area. The organization is structured to fulfill this purpose by promoting and managing the Midtown Public Improvement District. Additionally, it strives to attract residents to the district, contributing to its overall development and growth. The corporation adheres to Section 501(C)(3) of the Internal Revenue Code, permitting it to distribute funds to exempt organizations, furthering its charitable objectives.
Official website here: www.vickerymeadow.com
Who is the CEO of Midtown Dallas Inc Formerly Vickery Meadow Management Corp?
Ted Pallas is the Principal Officer of Midtown Dallas Inc Formerly Vickery Meadow Management Corp.
Official website here: www.vickerymeadow.com
What is the revenue of Midtown Dallas Inc Formerly Vickery Meadow Management Corp?
Midtown Dallas Inc Formerly Vickery Meadow Management Corp's revenue in 2022 was $1,232,770.
Official website here: www.vickerymeadow.com
Who are the executives of Midtown Dallas Inc Formerly Vickery Meadow Management Corp and what are their salaries?
Here are 12 key members and their salaries:
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Official website here: www.vickerymeadow.com
Where can I find the form 990 for Midtown Dallas Inc Formerly Vickery Meadow Management Corp?
Midtown Dallas Inc Formerly Vickery Meadow Management Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.vickerymeadow.com
Learn more at the official website: www.vickerymeadow.com
Mission Statement of Midtown Dallas Inc Formerly Vickery Meadow Management Corp
Midtown Dallas Inc, formerly known as Vickery Meadow Management Corp, is an organization with a charitable and educational mission. Its primary objective is to enhance the quality of life for families, businesses, and property owners in its neighborhood. The organization aims to create a safe and appealing environment, thereby attracting residents to the area. Midtown Dallas Inc is structured under Section 501(C)(3) of the Internal Revenue Code of 1986, allowing it to make distributions to exempt organizations with similar charitable purposes. In addition to this, the corporation is organized to promote and manage the Midtown Public Improvement District in Dallas, TX, with the goal of improving the overall appeal of the area.
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Impact
July, 2024
Midtown Dallas Inc Formerly Vickery Meadow Management Corp has a significant impact on the Vickery Meadow neighborhood in Dallas, TX. Through its Midtown Improvement District, the organization provides vital safety programs that enhance the quality of life for residents, businesses, and property owners in the area. These programs include contracting patrol vehicles, security officers, and special task forces to ensure a safe environment for the community.
With a focus on promoting and managing the Midtown Public Improvement District, the organization plays a crucial role in attracting residents to the area and supporting over 11,000 apartment and condo units as well as more than 100 businesses. By actively engaging in charitable and educational initiatives, Midtown Dallas Inc Formerly Vickery Meadow Management Corp contributes to the overall well-being and growth of the neighborhood.
This information is meant to be a general summary of Midtown Dallas Inc Formerly Vickery Meadow Management 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: $10,319
- Gross Receipts: $1,232,770
Assets and Liabilities:
- Total Assets: $2,846,375
- Total Liabilities: $1,377,534
- Net Assets: $1,468,841
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Organization Details
Founding Year
1993
Phone
(214) 458-3919Principal Officer
Ted Pallas
Main Address
10260 N CENTRAL EXPRESSWAY 272 27, DALLAS, TX, 75231
Website
www.vickerymeadow.comNTEE Category
Code: L50 - Housing
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