Overview
What is Old Spanish Trailalmeda Corridors?
The Old Spanish Trailalmeda Corridors (OST) is a local government corporation established in 1998 by the Houston City Council. Its primary mission is to oversee the Project Plan and Financing Plan of Reinvestment Zone Number Seven in the City of Houston, Texas. As a nonprofit organization, the OST/Almeda Corridors Redevelopment Authority is dedicated to managing the revitalization efforts within the given zone.
Is Old Spanish Trailalmeda Corridors legitimate?
Old Spanish Trailalmeda Corridors is a legitimate nonprofit organization registered as a 501(c)(3) entity. Old Spanish Trailalmeda Corridors 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $622,549
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Who are the executives of Old Spanish Trailalmeda Corridors and what are their salaries?
Mission Statement of Old Spanish Trailalmeda Corridors
Old Spanish Trailalmeda Corridors (OST/Almeda Corridors) is a local government corporation established in July 1998 by the Houston City Council. Its mission is twofold: to oversee the Project Plan and Financing Plan of Reinvestment Zone Number Seven in the City of Houston, Texas. In simpler terms, OST/Almeda Corridors was created to spearhead the revitalization efforts of a designated area in Houston. By assuming this role, the organization plays a pivotal part in driving economic development, urban renewal, and community enhancement within the zone.
The organization's inception was driven by the Houston City Council's commitment to revitalizing underdeveloped areas and fostering sustainable growth. OST/Almeda Corridors, as the governing body, took charge of implementing the strategic plans designed to breathe new life into the identified zone. The ultimate goal is to create an environment conducive to economic prosperity and improved quality of life for local residents. By administering the Project Plan and Financing Plan, the organization serves as a catalyst for positive change, working closely with various stakeholders to ensure the success of the redevelopment project.
Impact
This information is meant to be a general summary of Old Spanish Trailalmeda Corridors. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The impact of Old Spanish Trail/Almeda Corridors has been significant in the community improvement sector. Through its activities, it has worked towards the revitalization and redevelopment of the designated area in Houston, Texas. This effort has contributed to economic growth, enhanced infrastructure, and improved the overall quality of life for the residents in the region. The organization's mission to administer the Project Plan and Financing Plan of Reinvestment Zone Number Seven reflects its commitment to driving positive change and progress in the community.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TAX INCREMENTS
Revenue
$11,978,542
AUTHORITY OTHER
Organization Details
Founding Year
1978
Phone
(713) 528-3535
Main Address
5445 ALMEDA ROAD, HOUSTON, TX, 77004
NTEE Category
Code: S31 - Community improvement
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