Historic Kansas City Foundation

What it reported doing in 2024

ADVOCACY -* THE CARMEN BUILDING - HKC learned in February 2024, that the Carmen Building, at 101 W. Linwood Blvd, was threatened with demolition. HKC issued a Call to Action and worked in partnership with the Old Hyde Park Historic District Neighborhood to save it. On July 25th, the City Council APPROVED, by unanimous vote, the historic designation of the CARMEN BUILDING. The application also received the unanimous support of the Historic Preservation Commission, the City Planning Commission, and city staff. * MAIN STREET FORUM OF HISTORIC STREETCAR NEIGHBORHOODS - Historic Kansas City hosts quarterly meetings of the Main Street Forum of Historic Streetcar Neighborhoods (MSFSN), an alliance of midtown neighborhoods working to coordinate discussion and planning as the streetcar line extension is developed. In 2024, the MSFSN group worked together on multiple issues, the demolitions by the demolitions such as demolitions by KC Life within the Valentine Neighborhood, Sunflower proposal in Union Hill, rezoning of 4438-4450 Washington, 31st and Main, 4526 Warwick, designation of the Carmen Building at 111 W. Linwood, KCMO Public Engagement Study, Midtown traffic and parking issues, Neighborhood Empowerment grants, area plan compliance, illegal dumping, gentrification and displacement risk, Demolition Review Delay Ordinance, STR's. * CHAPTER 88 AMENDMENTS - Ordinance No. 231047, related to certain Chapter 88 amendments, was introduced in December 2023. This included modifications to major amendments to a development plan. HKC's concern is that modifications increase the risk of Pandora effect if development plans carefully put in place are not followed and allowed to be unilaterally modified by the Director of City Planning negotiating directly with developers. Once a serious deviation is approved, every developer after that will replicate it and go even higher. It could lead to a collapse of overlay ordinances in Kansas City neighborhoods and is a threat to area planning. For over a year, HKC worked with staff to minimize damage. Ordinance No. 241093 was approved by the City Council on January 9th. * 4627 MADISON - Developers applied for a rezoning and approval of a development plan for the property located at 4627 Madison. The development plan is for a new ten-story, multi-family structure, with a garage structure adjacent to the historic Plaza Center (formerly John Hancock Life Insurance Company) designed by architecture firm Skidmore, Owings, and Merrill. HKC attended several meetings with the developer and neighborhood representatives resulting in a compromise all parties could support. * THE RIALTO BUILDING - HKC met with representatives of the Ozark building at 906 Grand (Rialto Building) to discuss a range of issues including a special-use permit for the conversion of the historic Rialto Building as an AC Hotel by Marriott - the AC Rialto, and a meeting with the National Trust Community Investment Corporation to discuss the Federal and State Historic Tax Credit portion of the rehabilitation and adaptive reuse. * THE COUNTRY CLUB PLAZA In 2024, the Country Club Plaza was sold to HP Village Partners. The Dallas-based team, is tackling infrastructure challenges while shaping long-term development and merchandising plans. This is a challenging time for retail, adding complexity to the Plaza's transformation. Meanwhile, the team in Dallas is carefully curating the next mix of tenants. HKC continues to meet with the new ownership group of the Country Club Plaza as advocate for the Plaza area. * PLAZA TENNIS COURTS - In 2024, the city issued a request for proposals (RFP) to solicit project plans for the 14-court complex at 4747 Mill Creek Parkway. The city will favor submissions that include higher apartment counts, have commercial uses, and deploy design elements reflecting the Plaza's historic character. Proposals were due November 18th, 2024. No details have been released. HKC representatives met with the Planning Director in No

Financial Efficiency

• Mission deployment rate: 67.3%; rating input score 67
• Program expense ratio: 66%; rating input score 66

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: -1.9%; rating input score 28; 28th percentile among comparable filings
• Total-asset coverage ratio: 1.37; rating input score 70; 70th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 29; 29th percentile among comparable filings
• Officer compensation ratio: 63.4%; rating input score 2; 2nd percentile among comparable filings

Growth

• Program expense growth: 6.9% per year; rating input score 100; 53rd percentile among comparable filings
• Revenue growth: -1.7% per year; rating input score 0; 15th percentile among comparable filings
• Asset growth: 0.6% per year; rating input score 100; 29th percentile among comparable filings