Overview
What is Midtown Indianapolis Inc?
Midtown Indianapolis Inc is a community service corporation, headquartered in Indianapolis, Indiana, dedicated to enhancing the quality of life and economic vitality of the Midtown neighborhoods. They strive to cultivate an equitable, healthy, and sustainable community, ensuring access to opportunities, services, and amenities for all income levels, races, and ethnicities. Their mission is multifaceted, encompassing building a sense of community, supporting minority businesses and job skills development, improving transportation options and commercial corridors, and enhancing housing options and public spaces. In addition to their mission, Midtown Indianapolis Inc also organizes ongoing program planning for Tarkington Park and provides assistance in conjunction with partners. This includes the annual Holiday Home Tour, which showcases historic mansions in the area, highlighting their significance and the holiday spirit. The event attracts an estimated 1200 visitors. The organization, with a team of six employees, is committed to their mission through various initiatives. They work towards fostering a sense of community, empowering local businesses, and enhancing the neighborhood's infrastructure and amenities, ultimately aiming to create a thriving community for all its residents.
Official website here: www.midtownindy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Midtown Indianapolis Inc received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and finance practices. With an overall score of 54%, the nonprofit has a strong showing in areas such as independent board member presence and material diversion of assets, both scoring full points. However, critical governance policies are notably absent, including a conflict of interest policy and a whistleblower policy, which received zero points, suggesting a lack of oversight and protection for staff and stakeholders.
While the organization maintains a reasonable program expense ratio of 64.52%, which indicates that a significant portion of its budget is directed toward its programs, its liabilities to assets ratio is concerning at 77.84%. This high ratio raises potential red flags about the organization’s financial health and ability to meet its obligations, potentially impacting its long-term sustainability.
In summary, Midtown Indianapolis Inc demonstrates strengths in board structure and program funding but faces challenges in governance practices and financial management. Stakeholders and potential donors should carefully consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Midtown Indianapolis Inc legitimate?
Midtown Indianapolis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Midtown Indianapolis 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: $95,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $69,918
For more financial information, click here
Official website here: www.midtownindy.org
What is the mission statement of Midtown Indianapolis Inc?
Midtown Indianapolis Inc, serving as a community service corporation, is dedicated to enhancing the quality of life and economic vitality in its neighborhoods. Their mission is to cultivate an equitable, healthy, and sustainable community where individuals of various income levels, races, and ethnicities have access to essential opportunities, services, and amenities necessary for thriving. Specifically, Midtown Indianapolis Inc focuses on four key areas: fostering a sense of community, supporting community-based and minority businesses, promoting job skills development, improving transportation options, enhancing the vitality of commercial corridors and nodes, and improving housing options and public spaces.
Official website here: www.midtownindy.org
What is the revenue of Midtown Indianapolis Inc?
Midtown Indianapolis Inc's revenue in 2023 was $431,662.
Official website here: www.midtownindy.org
Who are the executives of Midtown Indianapolis Inc and what are their salaries?
The average compensation at Midtown Indianapolis Inc during 2023 was $41,230. There are 4 employees at Midtown Indianapolis Inc.
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Official website here: www.midtownindy.org
Where can I find the form 990 for Midtown Indianapolis Inc?
Midtown Indianapolis Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.midtownindy.org
Learn more at the official website: www.midtownindy.org
Mission Statement of Midtown Indianapolis Inc
Midtown Indianapolis Inc, a community service corporation, is dedicated to enhancing the quality of life and economic vitality in Indianapolis' Midtown neighborhoods. The organization's mission is to cultivate an equitable, healthy, and sustainable community where individuals from various income levels, races, and ethnicities have access to the opportunities, services, and amenities necessary for their well-being. Specifically, Midtown Indy's work is focused on four key areas:
Firstly, Midtown Indy strives to build a sense of community within the Midtown neighborhoods. This includes fostering connections and engagement among residents, promoting a sense of belonging, and encouraging collaboration among local stakeholders.
Secondly, the organization supports community-based and minority businesses, as well as providing job skills development opportunities. This is done to help empower local entrepreneurs and individuals, thereby contributing to the economic growth and diversity of the community.
Thirdly, Midtown Indy works on improving transportation options and the vitality of key commercial corridors and nodes. This involves advocating for better public transportation services, promoting the development of pedestrian-friendly spaces, and supporting local businesses that contribute to the vitality of the commercial areas.
Lastly, Midtown Indy focuses on improving housing options and public spaces. This includes advocating for affordable housing options, promoting the revitalization of public spaces, and ensuring that these spaces are safe, clean, and welcoming to all community members.
In essence, Midtown Indianapolis Inc is committed to creating a vibrant and inclusive community where everyone has the chance to thrive, regardless of their background or circumstances.
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Impact
October, 2024
Midtown Indianapolis Inc actively enhances the quality of life and economic vitality of Indianapolis' Midtown neighborhoods. Through initiatives such as ongoing program planning and operational support for Tarkington Park, they foster community engagement and recreational opportunities. Their efforts in revitalizing public spaces and enhancing amenities contribute significantly to the neighborhood's charm and functionality.
One of the highlights of their impact is the Holiday Home Tour, which resumed in 2021 after a pandemic-related pause. This event not only showcases the historic mansions of Midtown, but also celebrates local heritage and unites the community through shared interests in history and architecture. With approximately 1,200 visitors attending, the tour underscores the area's cultural significance and strengthens community ties by promoting local decorators and businesses.
Midtown Indianapolis Inc prioritizes inclusivity and sustainability, ensuring that stakeholders from diverse backgrounds have access to opportunities and services. Their focus on community building, work with minority businesses, development of job skills, and improvements in transportation and housing options all drive toward creating a more equitable urban environment. This multifaceted approach fosters a vibrant, interconnected community where everyone can thrive.
This information is meant to be a general summary of Midtown Indianapolis 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 2023.
- Investment Income: $817
- Gross Receipts: $477,212
Assets and Liabilities:
- Total Assets: $773,426
- Total Liabilities: $602,167
- Net Assets: $171,259
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Organization Details
Founding Year
2007
Principal Officer
Rachel Dickerson
Website
www.midtownindy.orgNTEE Category
Code: S22 - Community improvement
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