Public Charity

CARMEL MIDTOWN COMMUNITY DEVELOPMENT CORPORATION

CARMEL MIDTOWN COMMUNITY DEVELOPMENT CORPORATION is a private foundation categorized as Public Charity based in Carmel, IN. Its most recent IRS filing (2024) reports revenue of $-150K, expenses of $79K, total assets of $15.0M. Imperigo tracks 6 reported grants from this foundation totaling approximately $3.2M.

EIN: 832549004 Carmel, IN Latest filing: 2024

Total Revenue$-150K

Total Expenses$79K

Total Assets$15.0M

Grants Given6

Grant Total$3.2M

Filing Years2019–2024

Mission

Carmel Midtown Community Development Corporation (CMCDC) is operated exclusively to benefit, perform, and carry out the charitable, recreational and other public purposes of the City of Carmel (the City) and its Redevelopment Commission (CRC). CMCDC aims to encourage, support, and assist in activities, projects and programs that: further social, cultural, and economic development, redevelopment, and rehabilitation in and around the City.

Sample Grants Given

Carmel City Center Community Development Corporation

Indianapolis, IN · 2024

To facilitate commercial development in an area deemed fit for redevelopment, pursuant to IC 36-7-14-12.2

$78,720

Bridges II

2023

To facilitate commercial development in an area deemed fit for redevelopment, pursuant to IC 36-7-14-12.2.

$400,000

Veterans Way LLC

Carmel, IN · 2023

To facilitate commercial development in an area deemed fit for redevelopment, pursuant to IC 36-7-14-12.2.

$60,000

Carmel Hotels LLC

Carmel, IN · 2023

To facilitate commercial development in an area deemed fit for redevelopment, pursuant to IC 36-7-14-12.2.

$60,000

Downtown City Center Development Corporation

Carmel, IN · 2020

To finance projects that enhance and improve certain areas of the City of Carmel both economically and culturally, as is consistent with Indiana Code: 36-7-14-12.2.

$2,300,000

Showing up to 5 of 6 total records — full history available with membership.

Officers & Directors

Secretary Michael Stiehl

Vice President Miriam Dant

President Raju Chintala

Officer compensation and complete director data available with membership.

Top Grant Purposes

To finance projects that enhance and improve certain areas of the City of Carmel both economically and culturally, as is consistent with Indiana Code: 36-7-14-12.2.

$2,300,000 1 grant

To facilitate commercial development in an area deemed fit for redevelopment, pursuant to IC 36-7-14-12.2.

$520,000 3 grants

Grant back rent proceeds.

$262,675 1 grant

To facilitate commercial development in an area deemed fit for redevelopment, pursuant to IC 36-7-14-12.2

$78,720 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2024	$-150K	$79K	$15.0M
2023	$481K	$540K	$15.2M
2022	$331K	$245K	$15.3M
2020	$1.8M	$2.6M	$3.1M
2019	$1.3M	—	$1.3M

Between 2019 and 2024, reported annual revenue moved from $1.3M to $-150K, with total assets most recently reported at $15.0M.

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

Grant Geography

Grants from this foundation were reported to recipients in IN.

Full geographic grant map with state-by-state breakdown available with membership.

See the full picture for CARMEL MIDTOWN COMMUNITY DEVELOPMENT CORPORATION

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Full Financial History Complete Grant Activity Officer Compensation Year-over-Year Charts Geographic Grant Map Data Exports