Midtown Improvement And Development Corporation
EIN: 473549741 · Houston, TX · NTEE: S20
| Metric | Value |
|---|---|
| Total Revenue | $2.1M |
| Total Expenses | $2.5M |
| Net Assets | $901K |
Is Midtown Improvement And Development Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Midtown Improvement And Development Corporation
Midtown Improvement And Development Corporation (EIN: 473549741) is a nonprofit organization based in Houston, TX, classified under NTEE code S20. The organization reported total revenue of $2.1M and total assets of $909K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Midtown Improvement And Development Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Midtown Improvement And Development Corporation is a mid-size nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2015–2022). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-645,435 |
| Total Assets | $1.2M |
| Total Liabilities | $272K |
| Net Assets | $901K |
| Operating Margin | -33.9% |
| Debt-to-Asset Ratio | 23.2% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2022, Midtown Improvement And Development Corporation reported a deficit of $645K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 23.2% (moderate leverage).
Financial Trends
Over 8 years of filings (2015–2022), Midtown Improvement And Development Corporation's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +30.8% | +4.4% | -1.1% |
| 2021 | +62.4% | +8.2% | -19.4% |
| 2020 | -36.9% | +10.3% | -32.6% |
| 2019 | +11.3% | +8.6% | -16.5% |
| 2018 | -8.1% | -8.5% | -15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Midtown Improvement And Development Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Midtown Improvement And Development Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $645K, with expenses exceeding revenue.
- Debt-to-asset ratio: 23.2%.
Frequently Asked Questions about Midtown Improvement And Development Corporation
Is Midtown Improvement And Development Corporation a legitimate charity?
Midtown Improvement And Development Corporation (EIN: 473549741) is a registered tax-exempt nonprofit based in Texas. It has 8 years of IRS 990 filings on record. Total revenue: $2.1M. No red flags identified. Financial health grade: B.
How does Midtown Improvement And Development Corporation spend its money?
Midtown Improvement And Development Corporation reported $2.1M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Midtown Improvement And Development Corporation tax-deductible?
Midtown Improvement And Development Corporation is registered as a tax-exempt nonprofit (EIN: 473549741). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Midtown Improvement And Development Corporation located?
Midtown Improvement And Development Corporation is headquartered in Houston, Texas and files with the IRS under EIN 473549741. It is classified under NTEE code S20.
How many years of IRS 990 filings does Midtown Improvement And Development Corporation have?
Midtown Improvement And Development Corporation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.1M in total revenue.
Filing History
IRS 990 filing history for Midtown Improvement And Development Corporation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2015–2022), Midtown Improvement And Development Corporation's revenue has grown by 280.3%, moving from $500K to $1.9M. Total assets increased by 256.8% over the same period, from $329K to $1.2M. Total functional expenses rose by 1050.6%, from $221K to $2.5M. In its most recent filing year (2022), Midtown Improvement And Development Corporation reported a deficit of $645K, with expenses exceeding revenue. The organization holds $272K in liabilities against $1.2M in assets (debt-to-asset ratio: 23.2%), resulting in net assets of $901K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.9M | $2.5M | $1.2M | $272K | — | View 990 |
| 2021 | $1.5M | $2.4M | $1.2M | $241K | — | View 990 |
| 2020 | $895K | $2.3M | $1.5M | $199K | — | — |
| 2019 | $1.4M | $2.0M | $2.2M | $160K | — | View 990 |
| 2018 | $1.3M | $1.9M | $2.6M | $428K | — | View 990 |
| 2017 | $1.4M | $2.1M | $3.1M | $316K | — | View 990 |
| 2016 | $4.3M | $1.1M | $3.8M | $291K | — | — |
| 2015 | $500K | $221K | $329K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.9M, expenses of $2.5M, and assets of $1.2M (revenue +30.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $2.4M, and assets of $1.2M (revenue +62.4% year-over-year).
- 2020: Revenue of $895K, expenses of $2.3M, and assets of $1.5M (revenue -36.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $2.0M, and assets of $2.2M (revenue +11.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.9M, and assets of $2.6M (revenue -8.1% year-over-year).
- 2017: Revenue of $1.4M, expenses of $2.1M, and assets of $3.1M (revenue -67.4% year-over-year).
- 2016: Revenue of $4.3M, expenses of $1.1M, and assets of $3.8M (revenue +752.2% year-over-year).
- 2015: Revenue of $500K, expenses of $221K, and assets of $329K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Midtown Improvement And Development Corporation:
Data Sources and Methodology
This transparency report for Midtown Improvement And Development Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.