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Filing year 2023

HAMLIN MUNICIPAL DEVELOPMENT

Hamlin, Texas·EIN 82-2599633·6
Total revenue
$160k
Total assets
$1.9M
Total expenses
$134k
Reported officers
7
Mission

Chapter 377 of the Texas Local Government Code authorizes cities to hold an election in all or part of a city, including its extra territorial jurisdiction, to create a municipal development district and to adopt a sales tax to fund it. A Municipal Development District is a special purpose district created for the purpose of generating economic development and growth opportunities within the boundaries of the district. State law authorizes expenditure of MDD. funds for a variety of economic development activities including certain infrastructure improvement projects, certain recreational or community facilities, projects related to business enterprises that create or retain primary jobs, projects that promote new or expanded business development, or convention center facilities and related improvements. In addition, proceeds may also be used to hire necessary staff.

Executive compensation

Form 990 · Schedule J · 2 reported individuals · Filing year 2023

Base salaryExecutive compensation
Previous Ex Dir
board member
$22k
$24k
Executive Dir.
board member
$7k
$7k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 5 unpaid individuals.

Down 25%
from 2022

From $29k in 2022 to $22k in 2023.

$29k
2022
$22k
2023
In today's dollarsEst.
Down 28% in real terms$33k to $24k

Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HAMLIN MUNICIPAL DEVELOPMENT reported revenue and expenses across 2 filing years.

RevenueExpenses
$144k
$142k
2022
$160k
$134k
2023
Total revenue and total expenses from IRS Form 990 filings.
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