EIN 75-2280264

Midland Community Development Corporation

Name: Midland Community Development Corporation financials for 2023
Creator: Cause IQ
License: https://creativecommons.org/licenses/by-nc-nd/4.0/

IRS 501(c) type

501(c)(3)

Num. employees

City

Midland

State

Texas

Year formed

1989

Most recent tax filings

2023-12-01

NTEE code, primary

L80: Housing Support Services

Description

Midland Community Development Corporation assists qualified first-time homebuyers in becoming "mortgage ready" through credit report review, counseling, and down payment assistance. The organization partners with the City of Midland to revitalize neighborhoods, and also maintains an affordable housing program that includes one-on-one credit counseling and help finding a mortgage lender with a current market rate.

Total revenues

$784,854

2023

Total expenses

$466,489

2023

Total assets

$4,463,682

2023

Num. employees

2023

Program areas at Midland Community Development Corporation

The organization maintains an affordable housing program which consists of one-on-one credit counseling, and assistance in locating a mortgage lender with a current market rate for the first-time homebuyer.

Who funds Midland Community Development Corporation

Grants from foundations and other nonprofits

Grantmaker	Grantmaker tax period	Description	Amount
Permian Basin Area Foundation	2023-12	Community Development	$300,000
UnidosUS	2023-09	Grants	$23,000

Personnel at Midland Community Development Corporation

Name	Title	Compensation	Date of data
Sandra Torres	Executive Director	$66,752	2024-11-15
Jaime Gandara Jr.	Accountant and Office Manager		2024-10-01
Victor Ochoa	Housing Development Organization Construction Manager		2024-10-01
Victor Ochoa Midland	Community Housing Development Organization Construction Manager		2022-09-01
Jaime Gandara	Accountant	$66,208	2023-12-31

Financials for Midland Community Development Corporation

Revenues	FYE 12/2023	FYE 12/2022	% Change
Total grants, contributions, etc.	$226,983	$277,500	-18.2%
Program services	$261,592	$327,543	-20.1%
Investment income and dividends	$126,357	$121,972	3.6%
Tax-exempt bond proceeds	$0	$0	-
Royalty revenue	$169,466	$121,700	39.2%
Net rental income	$0	$0	-
Net gain from sale of non-inventory assets	$0	$30,296	-100%
Net income from fundraising events	$0	$0	-
Net income from gaming activities	$0	$0	-
Net income from sales of inventory	$0	$0	-
Miscellaneous revenues	$456	$5,814	-92.2%
Total revenues	$784,854	$884,825	-11.3%

Form 990s for Midland Community Development Corporation

Fiscal year ending	Date received by IRS	Form	PDF link
2023-12	2024-11-15	990	View PDF
2022-12	2023-11-02	990	View PDF
2021-12	2022-11-10	990	View PDF
2020-12	2021-09-19	990	View PDF
2019-12	2021-02-17	990	View PDF
...and 10 more Form 990s

Organizations like Midland Community Development Corporation

Organization	Type	Location	Revenue
Salisbury Community Development Corporation	501(c)(3)	Salisbury, NC	$671,444
Ncs Community Development Corp	501(c)(3)	Rochester, NY	$337,156
Tap	501(c)(3)	Troy, NY	$1,200,588
Zion Hill Community Development Corporation	501(c)(3)	Atlanta, GA	$441,452
Biloxi Community Development Corporation	501(c)(3)	Biloxi, MS	$2,162,390
Southwest Nebraska Community Betterment Corporation	501(c)(3)	Grant, NE	$508,440
United South Broadway Corporation	501(c)(3)	Albuquerque, NM	$1,030,446
Neighborhood Housing Services of Chicago	501(c)(3)	Chicago, IL	$1,872,265
New Development Corporation	501(c)(3)	Grand Rapids, MI	$334,395
Tangi Community Development Corporation	501(c)(3)	Amite, LA	$525,141

Data update history

February 8, 2025

Updated personnel

Identified 1 new personnel

February 5, 2025

Posted financials

Added Form 990 for fiscal year 2023

October 1, 2024

Updated personnel

Identified 2 new personnel

September 21, 2024

Received grants

Identified 1 new grant, including a grant for $23,000 from UnidosUS

July 16, 2024

Received grants

Identified 1 new grant, including a grant for $300,000 from Permian Basin Area Foundation

Nonprofit Types

Public sector nonprofitsBusiness and community development organizationsHousing and shelter organizationsHeadquarter / parent organizationsCharities

Issues

Human servicesCommunity improvementHousing

Characteristics

State / local levelReceives government fundingTax deductible donationsAccepts online donations

General information

Address: 208 S Marienfeld; Midland, TX 79701
Metro area: Midland, TX
County: Midland County, TX
Website URL: midlandcdc.org/
Phone: (432) 682-2520

IRS details

EIN: 75-2280264
Fiscal year end: December
Taxreturn type: Form 990
Year formed: 1989
Eligible to receive tax-deductible contributions (Pub 78): Yes

Categorization

NTEE code, primary: L80: Housing Support Services
NAICS code, primary: 926110: Economic Development Corporations and Economic Program Organizations
Parent/child status: Central organization

Blog articles

Free account sign-up

Want updates when Midland Community Development Corporation has new information, or want to find more organizations like Midland Community Development Corporation?

Create free Cause IQ account

Midland Community Development Corporation

Program areas at Midland Community Development Corporation

Who funds Midland Community Development Corporation

Personnel at Midland Community Development Corporation

Financials for Midland Community Development Corporation

Form 990s for Midland Community Development Corporation

Organizations like Midland Community Development Corporation

Nonprofits

Product

Customers

About