What Improvement Districts does

Improvement Districts, Inc. (IDI) is a privately held professional services firm headquartered in Little Rock, Arkansas, founded in January 2002 by Alan C. King. The company provides assessment, financial consulting, and bookkeeping services exclusively to Special Improvement Districts — legal entities formed by property owners within Arkansas cities or counties to fund infrastructure and services (fire, water, sewer, drainage, streets, lighting, levee, irrigation, TIF, business, and others) through assessments on real estate tax bills.

IDI's service offering spans the full district lifecycle: organizing and forming new districts, abstracting properties, assessing each parcel according to benefit, filing records with county collectors, publishing media notices, holding Board of Equalization hearings, providing all-inclusive accounting (billing, balancing, bill paying, delinquent collections), preparing state-required annual financial statements, and performing Bill of Assurance compliance inspections. The firm serves over 250 active improvement districts across 20 Arkansas counties. Legal services are handled through a referral network of Arkansas attorneys rather than in-house.

Revenue is generated through professional services fees across three streams — Assessment, Financial Consulting, and Bookkeeping/Accounting — with pricing not publicly disclosed and contracts structured on a quote basis tailored to each district. The firm operates with 1-10 employees, conducts direct outreach to property owners and municipalities, and relies on reputation and referrals rather than digital marketing. No technology platform, mobile application, or API is offered; service delivery is performed by the small team from a single Little Rock office.

Name

Improvement Districts

Legal name

Improvement Districts, Inc.

Website

https://improvementdistrictsinc.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1–10 employees

Short description

Improvement Districts, Inc. is a Little Rock, Arkansas professional services firm that provides assessment, financial consulting, and bookkeeping services to over 250 Special Improvement Districts across 20 Arkansas counties, managing district formation, property assessment, tax collection integration, and state-required annual financial filings.

Ownership category

akta.pro rank

Headquarters

HQ city

Little Rock

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Assessment Services: Fees for assessing properties within improvement districts according to their benefit, filing records with county for collection with real estate taxes, and publishing media notices.
2. Financial Consulting: Consulting fees for organization, formation, abstracting properties, attending public hearings, and holding Board of Equalization hearings for improvement districts.
3. Accounting/Bookkeeping Services: All-inclusive accounting service including billing, balancing, and bill paying. Preparation and filing of State-required annual financial statements with County Clerk and County Collectors/Treasurers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Improvement Districts, Inc. (IDI) is a professional services firm that assesses properties, consults on finances, and maintains bookkeeping for Special Improvement Districts in Arkansas. It handles the full district lifecycle — from organizing property owners and forming new districts, to abstracting properties, levying benefit-based assessments filed on county real-estate tax bills, to all-inclusive accounting, delinquent collections, and State-required annual financial statement filings.

Product overview

Improvement Districts, Inc. (IDI) is a professional services firm that provides a comprehensive suite of services for Special Improvement Districts in Arkansas. The company operates as a single integrated offering rather than a modular platform, combining Assessment Services, Financial Consulting, and Bookkeeping/Accounting Services into a cohesive practice. Services also include Organization & Formation, Property Abstraction, Compliance & Regulatory Support, and Annual Financial Statement Preparation. The firm serves over 250 active improvement districts across 20 Arkansas counties, handling all aspects of district management from initial formation through ongoing administration and compliance.

Differentiator

Problem solved

Functional benefit

Products and services

• Assessment Services Assessing each property within an improvement district according to its benefit, filing records with the county for collection with real estate taxes. For Arkansas Special Improvement Districts and their commissioners.
• Financial Consulting Advisory services for improvement districts covering financing of infrastructure improvements, tax-exempt qualification, and increased profitability for developers, plus attending public hearings and holding Board of Equalization hearings.
• Bookkeeping / Accounting Services All-inclusive accounting service for improvement districts including billing, balancing, bill paying, and experienced collection of delinquent accounts.
• Organization & Formation Services Helping form improvement districts in every aspect except legal — including informal meetings, petition organization, title-company confirmation of signatures, and coordination with the County Judge or City Council for formal district creation.
• Property Abstraction Services Abstracting to determine properties within improvement districts and maintaining current records from sales and property splits to ensure accurate district rolls.
• Compliance & Regulatory Services Services including publishing media notices, attending public hearings, holding Board of Equalization hearings, and performing inspections to ensure compliance with the district's Bill of Assurance.
• Annual Financial Statement Preparation Preparation and filing of State-required annual financial statements with the County Clerk and County Collectors/Treasurers for each improvement district.

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Arkansas AttorneyscoreImplementation/ SI/ Consulting PartnerIDI works with a network of Arkansas attorneys to provide legal services for district formation, as IDI assists with all aspects of forming improvement districts except legal matters.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Willdan Group: Willdan (NASDAQ: WLDN) provides engineering, planning, and financial consulting services to municipalities and special districts across multiple U.S. states. While much broader than IDI, its municipal financial services overlap makes it a relevant incumbent comparable.

Direct peers

• NBS (now part of Harris & Associates): NBS provides special district formation, administration, financial consulting, and assessment engineering for CFDs, LLMDs, and benefit assessment districts, primarily in California. Directly comparable to IDI's assessment and consulting workflow, with a much larger geographic footprint.
• MuniFinancial (a Bluestem company): MuniFinancial provides special district administration, assessment management, and parcel-tracking services for municipalities and property owners. Direct functional overlap with IDI's assessment, bookkeeping, and annual filing services.
• Albert A. Webb Associates: Albert A. Webb Associates is a California-based municipal consulting firm providing engineering, planning, and financial administration services for infrastructure financing districts, CFDs, and assessment districts — overlapping IDI's formation and assessment work.
• SCI Consulting Group: SCI Consulting Group administers Community Facilities Districts, Landscape and Lighting Districts, and other special assessment districts in California. It is the closest functional analog to IDI — assessment, formation support, and annual levy administration for property-owner-funded special districts.
• David Taussig & Associates (DTA): DTA specializes in public finance consulting for special districts, including assessment district formation, bond issuance support, and ongoing administration. Comparable to IDI's formation and financial consulting service lines for improvement districts.

Regional players

• Coast Benefit Consultants: Coast Benefit Consultants administers special benefit assessment districts for property owners in California, covering formation, levy administration, and ongoing financial management. Comparable service model to IDI but in a different geography.
• Atkinson, Andelson, Loya, Ruud & Romo (AALRR): AALRR is a California-focused law and consulting firm that advises on formation, governance, and administration of special districts, including CFDs. Comparable on the legal/formation side of IDI's service mix, though IDI itself is Arkansas-based.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/improvement-districts-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Improvement Districts