Public Charity

MIDLAND COMMUNITY DEVELOPMENT CORP

MIDLAND COMMUNITY DEVELOPMENT CORP, of MIDLAND, TX, is a Public Charity tracked in Imperigo's IRS 990 database. The 2023 filing shows $785K in revenue, $466K in expenses, $4.5M in total assets. 10 publicly reported grants to this organization, totaling roughly $764K, appear in IRS filings.

EIN: 752280264 MIDLAND, TX Latest filing: 2023
Total Revenue$785K
Total Expenses$466K
Total Assets$4.5M
Grant Records10
Funding Total$764K
Filing Years2018–2023

Mission

THE ORGANIZATION ASSISTS QUALIFIED FIRST TIME HOMEBUYERS WITH CREDIT REPORT REVIEW, COUNSELING, AND DOWN PAYMENT ASSISTANCE TO BE "MORTGAGE READY" IN THE PUCHASE OF THEIR FIRST HOME. IN PARTNERSHIP WITH THE CITY OF MIDLAND, THE ORGANIZATION REVITALIZES "TARGET AREAS" DESIGNATED AS DISTRESSED BY DEVELOPING HOME COMMUNITIES FOR THESE QUALIFIED LOW INCOME FAMILIES.

Officers & Directors

MEMBER Austin Nelson
CHAIRMAN Brad Bullock
MEMBER Brenda E Cordero
MEMBER Christopher Edgmond
TREASURER Eric Wesphal
MEMBER Gilbert Abila

Officer compensation and complete director data available with membership.

Top Grant Purposes

Community Development
$300,000 1 grant
community development
$175,000 2 grants
Housing Shelter
$150,000 1 grant
GRANTS
$64,250 3 grants
community development and houseing
$50,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2023 $785K $466K $4.5M
2022 $885K $482K $4.2M
2020 $794K $450K $2.3M
2019 $538K $976K $2.4M
2018 $1.3M $1.2M $2.6M

Between 2018 and 2023, reported annual revenue declined from $1.3M to $785K (-37%), with total assets most recently reported at $4.5M.

Interactive year-over-year charts and full filing details available with membership.

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