Overview
What is Hamlin Municipal Development?
Hamlin Municipal Development is a nonprofit organization established under the laws of Texas, specifically in Hamlin, with the mission to contribute to the community's growth and improvement. Its primary objective is to support the City of Hamlin and various interested entities in making the city a more appealing place for living, working, and conducting business. This is achieved through the development and financing of eligible projects as outlined in Chapter 377 of the Texas Local Government Code. These projects can encompass infrastructure improvements, recreational facilities, business ventures that generate or retain primary jobs, and other development initiatives. The organization is run by a team of one dedicated individual.
Is Hamlin Municipal Development legitimate?
Hamlin Municipal Development is a legitimate nonprofit organization registered as a 501(c)(6) entity. Hamlin Municipal Development 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: $28,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Hamlin Municipal Development?
The Hamlin Municipal Development, established as a nonprofit municipal development district under the Texas Constitution and laws, is committed to enhancing the livability of the community. Its mission, as outlined in Chapter 377 of the Texas Local Government Code, is to aid cities, both public and private interests, in transforming their environment into a more appealing place for residence, work, and business activities. The district is authorized to utilize funds for various economic development projects, such as infrastructure improvements, recreational facilities, job-creating businesses, and convention centers. The primary goal is to foster growth and opportunities within the district's boundaries.
Who is the CEO of Hamlin Municipal Development?
Lonnie Powell is the Director of Hamlin Municipal Development.
What is the revenue of Hamlin Municipal Development?
Hamlin Municipal Development's revenue in 2022 was $141,353.
Who are the executives of Hamlin Municipal Development and what are their salaries?
The average compensation at Hamlin Municipal Development during 2022 was $28,800. There is 1 employee at Hamlin Municipal Development.
Here are 6 key members and their salaries:
- Compensation: $28,800
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Hamlin Municipal Development?
Hamlin Municipal Development's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Hamlin Municipal Development
Hamlin Municipal Development, a nonprofit municipal development district established under the Texas Constitution and laws, is dedicated to enhancing the livability of the community. Its mission is threefold: firstly, to aid the city of Hamlin and any private or public interests in making the area a more appealing place for residents to live, work, and conduct business. Secondly, the district is authorized to hold elections and adopt a sales tax to fund its operations. Lastly, the funds raised can be utilized for a variety of economic development projects, such as infrastructure improvements, recreational facilities, business enterprise initiatives, and convention center facilities. The primary objective of Hamlin Municipal Development is to promote growth and development within its boundaries, creating opportunities for both the city and its residents.
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Impact
October, 2024
Hamlin Municipal Development has a significant impact on the community of Hamlin, Texas, by fostering economic growth and enhancing the quality of life for its residents. By facilitating the development and financing of permissible projects as defined by Texas Local Government Code, it directly contributes to infrastructure improvements and the creation of recreational and community facilities.
The organization focuses on generating economic development opportunities that not only attract new businesses but also support existing enterprises, effectively helping to create and retain primary jobs within the region. This holistic approach to community enhancement ensures that Hamlin becomes an even better place to live, work, and do business. The funding mechanisms authorized under the district allow for a targeted investment in projects that drive progress and bolster community resources, thereby contributing to a thriving local economy and improved citizen engagement.
This information is meant to be a general summary of Hamlin Municipal Development. 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: $936
- Program Service Revenue: $96,642
- Gross Receipts: $141,353
Assets and Liabilities:
- Total Assets: $1,725,381
- Total Liabilities: $0
- Net Assets: $1,725,381
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES TAX FOR ECO DEVELOP
Revenue
$96,642
Organization Details
Founding Year
2017
Phone
(325) 576-2711Principal Officer
Lonnie Powell
Main Address
634 NW 2nd STREET, HAMLIN, TX, 79520
NTEE Category
Code: S31 - Community improvement
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