Midtown Dallas Inc Formerly Vickery Meadow Management Corp
Nonprofit profile at a glance
- EIN
- 752491424
- IRS 990 coverage
- 2013–2025
- Forms available
- Form 990 2025
- Location
- Dallas, TX, USA
- Phone
- 9723734043
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $1,669,366
- Expenses
- $1,610,875
- Assets
- $3,353,848
- Liabilities
- $1,596,301
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- TED PALLES (PRESIDENT)
- DON BOUVIER (VICE-PRESIDENT)
People named in this filing
- TED PALLES (PRESIDENT)
- DON BOUVIER (VICE-PRESIDENT)
- CHARLIE NYE (SECRETARY)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
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.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Grant-funded. 96% of the money available for current operations came from government grants.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filed totals do not add up.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 83
- Accountability: 94
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.7%; rating input score 82
- Program expense ratio: 83.8%; rating input score 84
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 92.3%; rating input score 92; 18th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 7 controls in place; rating input score 86
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.5%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 2.08; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.48; rating input score 13; 13th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 78; 78th percentile among comparable filings
Growth
- Program expense growth: 8.2% per year; rating input score 100; 51st percentile among comparable filings
- Revenue growth: 9.9% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: 19.5% per year; rating input score 100; 78th percentile among comparable filings
Details
- Where the money goes: 81.7% of revenue deployed · 83.8% of spending went to programs
- Governance: 13 of 13 board members independent · 6 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $1.3M in reported program spending
- Leadership: top reported pay $0 · 13 people listed
- Consistency: 22 of 23 current checks pass · 1 finding to review
- Schedules: 4 filed schedules
- Filing history: 13 filing years from 2013 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Sustainability: Operating margin scored 41/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 13/100.