Overview
What is Carmel Midtown Community Development Corporation?
Carmel Midtown Community Development Corporation (CMCDC) is a nonprofit organization dedicated to enhancing the city of Carmel, Indiana. Their primary mission is to foster social, cultural, and economic development through redevelopment projects. By financing construction projects, they aim to elevate the city's economic and cultural standards. In the given instance, CMCDC granted funds to Roma Ristorante to settle its lease at Monon Square, enabling Roma to relocate and allowing CMCDC to redevelop the site in accordance with Indiana state regulations.
Is Carmel Midtown Community Development Corporation legitimate?
Carmel Midtown Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(4) entity. Carmel Midtown Community Development Corporation 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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What is the mission statement of Carmel Midtown Community Development Corporation?
The Carmel Midtown Community Development Corporation's mission is to contribute positively to a city's development. Specifically, it aims to enhance social, cultural, and economic conditions by supporting and financing construction projects that align with these objectives. The corporation operates with the intention of boosting redevelopment efforts, thereby improving the overall standard of living in the community. Its primary goal is to assist and encourage activities, projects, and programs that contribute to the city's social, cultural, and economic growth and revitalization.
Who is the CEO of Carmel Midtown Community Development Corporation?
Raju Chintala is the President of Carmel Midtown Community Development Corporation.
What is the revenue of Carmel Midtown Community Development Corporation?
Carmel Midtown Community Development Corporation's revenue in 2022 was $330,764.
Who are the executives of Carmel Midtown Community Development Corporation and what are their salaries?
Here are 3 key members and their salaries:
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Where can I find the form 990 for Carmel Midtown Community Development Corporation?
Carmel Midtown Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Carmel Midtown Community Development Corporation
Carmel Midtown Community Development Corporation, abbreviated as CMCDC, is a nonprofit organization with a mission to enhance the conditions in various communities. Operating primarily for the benefit of the City and its Redevelopment Commission, CMCDC's purpose is to encourage, support, and assist in activities, projects, and programs that foster social, cultural, and economic development, redevelopment, and rehabilitation within the respective areas. CMCDC's mission is to contribute to the betterment of the community by financing construction projects that align with the city's economic and cultural standards. By engaging in such initiatives, the Carmel Midtown Community Development Corporation seeks to promote a more vibrant and thriving community.
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Impact
October, 2024
Carmel Midtown Community Development Corporation significantly influences the City of Carmel by driving redevelopment initiatives that enhance economic and cultural conditions. The organization plays a crucial role in financing construction projects that align with the city’s vision for sustainable growth and community enhancement.
For instance, the corporation provided grants to facilitate the relocation of Roma Ristorante, enabling the redevelopment of the site at 620 S. Rangeline Road, known as "Monon Square." This not only supports existing businesses in transitioning smoothly but also opens up opportunities for new developments that can better serve the community's needs.
Through these actions, the corporation actively encourages social and economic vitality, contributing to a more vibrant and cohesive community in Carmel. Its commitment to improving local infrastructure and cultural amenities exemplifies an ongoing dedication to benefiting the residents and enhancing the overall appeal of the city.
This information is meant to be a general summary of Carmel Midtown Community Development Corporation. 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.
- Gross Receipts: $330,764
Assets and Liabilities:
- Total Assets: $15,254,209
- Total Liabilities: $0
- Net Assets: $15,254,209
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Organization Details
Founding Year
2018
Phone
(317) 844-4605Principal Officer
Raju Chintala
Main Address
1 Civic Square, Carmel, IN, 46032
NTEE Category
Code: S20 - Community improvement
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