MIDTOWN DALLAS INC FORMERLY VICKERY MEADOW MANAGEMENT CORP

EIN: 752491424 501(c)(3)

DALLAS, TX

Total Revenue
$1,520,339
Total Expenses
$1,402,371
Total Assets
$3,395,172
Net Assets
$1,699,056
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Financial Trends

Organization Details

Formation Year
1993
Legal Domicile
TX
Principal Officer
TED PALLAS
Phone
2144583919
Tax Period
2024-01-01 to 2024-12-31

MIDTOWN DALLAS INC FORMERLY VICKERY MEADOW MANAGEMENT CORP, founded in 1993, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.4M left a modest 8% surplus.

Mission

THE ORGANIZATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WITHINTHE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986 (OR THE CORRESPONDINGPROVISION OF ANY FUTURE UNITED STATES INTERNAL REVENUE LAW), INCLUDING, FOR SUCH PURPOSES, THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE IRC OF 1986 (OR THE CORRESPONDING PROVISION OF ANY FUTURE US INTERNAL REVENUE LAW). TO THE EXTENT ALLOWED UNDER THE PRECEEDING SENTENCE, THE CORP. IS ORGANIZED FOR THE FOLLOWING PURPOSES: TO PROMOTE AND MANAGE THE AREA KNOWN AS MIDTOWN PUBLIC IMPROVEMENT DISTRICT IN DALLAS, TX (THE "DISTRICT") AND ATTRACT RESIDENTS TO THE DISTRICT.

Program Service Accomplishments

Program 1
Expenses: $515,012

SAFETY PROGRAMS INCLUDE THE EXPENSE OF CONTRACTING TWO TO THREE MARKED VICKERY MEADOW PATROL VEHICLES AND EQUIPMENT PLUS THE SALARY OF TWO TO FOUR SECURITY OFFICERS AND ANY SPECIAL TASK FORCES THAT...

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SAFETY PROGRAMS INCLUDE THE EXPENSE OF CONTRACTING TWO TO THREE MARKED VICKERY MEADOW PATROL VEHICLES AND EQUIPMENT PLUS THE SALARY OF TWO TO FOUR SECURITY OFFICERS AND ANY SPECIAL TASK FORCES THAT ARE IMPLEMENTED BY OFF DUTY DALLAS POLICE OFFICERS. A TOTAL OF 11,761 APARTMENT AND CONDO UNITS AND OVER 100 BUSINESSES RECEIVE THE BENEFITS OF THIS NEIGHBORHOOD SECURITY SERVICE. THE SECURITY PROGRAM AT PARK LANE DEVELOPMENTS IS SUPPLEMENTED WITH ADDITIONAL SECURITY SERVICES.

Program 2
Expenses: $449,616

COMMUNITY SERVICE PROGRAMS INCLUDE THE IMPLEMENTING SOCIAL SERVICE PROGRAMS TO AID FAMILIES LIVING WITHIN THE DISTRICT, SUPPORTING AFTER-SCHOOL PROGRAMS WITH SUMMER YOUTH CAMPS, TUTORING PROGRAMS...

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COMMUNITY SERVICE PROGRAMS INCLUDE THE IMPLEMENTING SOCIAL SERVICE PROGRAMS TO AID FAMILIES LIVING WITHIN THE DISTRICT, SUPPORTING AFTER-SCHOOL PROGRAMS WITH SUMMER YOUTH CAMPS, TUTORING PROGRAMS, HEALTH FAIRS AND SCREENINGS, AND ORGANIZING COMMUNITY EVENTS.

Program 3
Expenses: $240,442

PROVIDE TRASH PICK-UP AND MOWING OF COMMON AREAS WITHIN THE DISTRICT, GRAFFITI ABATEMENT, PROVIDING RESEARCH AND LEGAL ADVICE, AND SERVE AS A LIAISON WITH THE CITY OF DALLAS DEPARTMENT OF CODE...

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PROVIDE TRASH PICK-UP AND MOWING OF COMMON AREAS WITHIN THE DISTRICT, GRAFFITI ABATEMENT, PROVIDING RESEARCH AND LEGAL ADVICE, AND SERVE AS A LIAISON WITH THE CITY OF DALLAS DEPARTMENT OF CODE COMPLIANCE TO ASSIST IN ENCOURAGING PROPERTY OWNERS TO MAINTAIN PROPERTIES INACCEPTABLE CONDITION BASED ON INDUSTRY STANDARDS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,445,004
Program Service Revenue $0
Investment Income $75,335
Other Revenue $0
TOTAL REVENUE $1,520,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $210,941
Fundraising Expenses $0
Program Expenses $1,205,070
Other Expenses $1,191,430
TOTAL EXPENSES $1,402,371

Year-over-Year Comparison

2024 2023 Change
Revenue $1,520,339 $1,388,895 +0.1%
Expenses $1,402,371 $1,276,648 +0.1%
Net Income $117,968 $112,247 +0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TED PALLES PRESIDENT 1.00
Officer Director
$0 $0 $0
DON BOUVIER VICE-PRESIDENT 1.00
Officer Director
$0 $0 $0
CHARLIE NYE SECRETARY 1.00
Officer Director
$0 $0 $0
RYAN MOORE TREASURER 1.00
Officer Director
$0 $0 $0
ROGER ALBRIGHT MEMBER AT LARGE 1.00
Director
$0 $0 $0
SABRINA BUNKS MEMBER AT LARGE 1.00
Director
$0 $0 $0
DUSTIN DAVIDSON MEMBER AT LARGE 1.00
Director
$0 $0 $0
MASON ICE MEMBER AT LARGE 1.00
Director
$0 $0 $0
LYNN MCBEE MEMBER AT LARGE 1.00
Director
$0 $0 $0
CARA TALAFUSE MEMBER AT LARGE 1.00
Director
$0 $0 $0
W SANDY SPURGIN MEMBER AT LARGE 1.00
Director
$0 $0 $0
KEN WRIGHT MEMBER AT LARGE 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $1,520,339 $1,402,371 $3,395,172 $117,968
2023 $1,388,895 $1,276,648 $3,102,863 $112,247
2022 $1,232,770 $1,056,239 $2,846,375 $176,531
2021 $1,067,040 $748,274 $2,432,553 $318,766
2020 $946,352 $725,249 $1,928,834 $221,103
2019 $835,129 $616,953 $1,718,867 $218,176
2018 $651,595 $575,595 $550,685 $76,000
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