Nonprofit · EIN 47-3549741
MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION
Also known as MIDCORP
Tax-exempt · HOUSTON, TX 77002
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,100,609 | $2,063,671 | $36,938 | $908,803 | $221,099 | $687,704 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,808,464
- Program service revenue
- $0
- Investment income
- $10,775
- Net rental income
- $281,370
- Other revenue
- $281,370
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $42,000
- Accounting fees
- $80,148
- Occupancy
- $851
- Travel
- $18,552
- Depreciation
- $1,563
- Program services (functional)
- $1,866,921
- Management and general (functional)
- $196,750
Balance sheet and other
- Total assets, start of year
- $984,306
- Total assets, end of year
- $908,803
- Total liabilities, end of year
- $221,099
- Net assets, end of year
- $687,704
- Land, buildings and equipment
- $21,887
- Net assets without donor restrictions
- $652
- Net assets with donor restrictions
- $687,052
- Gross receipts
- $2,100,609
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2013
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WILLIAM R FRANKS | ACTING BOARD CHAIR Trustee or director, Officer | 0.27 | $0 |
| MATT THIBODEAUX | SECRETARY/TREASURER Trustee or director, Officer | 0.27 | $0 |
| ABE S GOREN | BOARD MEMBER Trustee or director | 0.27 | $0 |
| WILLIE T COLEMAN | BOARD MEMBER Trustee or director | 0.27 | $0 |
Address and contacts
- Address (IRS master file)
- 410 PIERCE ST STE 355, HOUSTON, TX 77002-8722
- In care of
- % BARRON WALLACE
- Principal officer (990 for 2024)
- MATT THIBODEAUX, 410 PIERCE STREET SUITE 355, HOUSTON, TX 77002
- Signed the 990
- MATT THIBODEAUX, SECRETARY/TREASURER
- Phone
- (713) 526-7577
- Return prepared by
- CRI ADVISORS LLC
Mission
AID AND ASSIST THE MIDTOWN REDEVELOPMENT AUTHORITY OF THE CITY OF HOUSTON, TEXAS WITH THE IMPLEMENTATION OF THE PROJECT PLAN FOR THE REINVESTMENT ZONE NUMBER TWO, CITY OF HOUSTON, TEXAS, AND THE MIDTOWN MANAGEMENT DISTRICT, A SPECIAL DISTRICT CREATED UNDER CHAPTER 3809, TEXAS SPECIAL DISTRICT LOCAL LAWS CODE, WITH THE PROMOTION, DEVELOPMENT, ENCOURAGEMENT AND MAINTENANCE OF EMPLOYMENT, COMMERCE, TRANSPORTATION, HOUSING, TOURISM, RECREATION, THE ARTS, ENTERTAINMENT, ECONOMIC DEVELOPMENT, SAFETY AND THE PUBLIC WELFARE IN THE MIDTOWN AREA OF THE CITY OF HOUSTON, TEXAS.
Program accomplishments
- AID AND ASSIST THE MIDTOWN REDEVELOPMENT AUTHORITY OF THE CITY OF HOUSTON, TEXAS WITH THE IMPLEMENTATION OF THE PROJECT PLAN FOR THE REINVESTMENT ZONE NUMBER TWO, CITY OF HOUSTON, TEXAS, AND THE MIDTOWN MANAGEMENT DISTRICT, A SPECIAL DISTRICT CREATED UNDER CHAPTER 3809, TEXAS SPECIAL DISTRICT LOCAL LAWS CODE, WITH THE PROMOTION, DEVELOPMENT, ENCOURAGEMENT AND MAINTENANCE OF EMPLOYMENT, COMMERCE, TRANSPORTATION, HOUSING, TOURISM, RECREATION, THE ARTS, ENTERTAINMENT, ECONOMIC DEVELOPMENT, SAFETY AND THE PUBLIC WELFARE IN THE MIDTOWN AREA OF THE CITY OF HOUSTON, TEXAS.Expenses $1,866,921
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-3549741
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $908,803
- Income (IRS master file)
- $2,100,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $1,901,505 | $2,546,940 | $1,172,846 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION
- What is the EIN of MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION is 47-3549741.
- Is MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MATT THIBODEAUX.
- Who are the officers and directors of MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does MIDTOWN IMPROVEMENT AND DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,100,609, expenses of $2,063,671 and total assets of $908,803 at year end.
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All nonprofits in HOUSTON · Texas · Community improvement and capacity building