Civic Intelligence

Memphis Center City Development Corporation

990 • Fiscal year 2014 • EIN 58-1330667

Jul 01, 2013 to Jun 30, 2014 • Filed on Jan 12, 2015

Crump Building 114 N Main Street38103

(901) 575-0550

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

7th percentile

0.00x

Higher debt load relative to assets than 7% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

8th percentile

0.00x

Higher debt load relative to revenue than 8% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

19th percentile

$0

Higher top officer pay than 19% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

70th percentile

9.6%

Faster asset growth than 70% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

84th percentile

33%

Faster revenue growth than 84% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2011 to 2014

Assets

Up

$7,324,979

Up $639,348 (+9.6%) from 2013

Net Assets

Up

$7,322,925

Up $639,109 (+9.6%) from 2013

Liabilities

Up

$2,054

Up $239 (+13%) from 2013

Revenue

$999,963

No earlier filing loaded for comparison.

Expenses

Down

$360,854

Down $20,652 (-5.4%) from 2013

Net Income

$639,109

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30M$20M$10M$0Assets 2011: $4,741,211Liabilities 2011: $6,504Net Assets 2011: $4,734,7072011Assets 2012: $4,920,688Liabilities 2012: $17,679Net Assets 2012: $4,903,0092012Assets 2013: $6,685,631Liabilities 2013: $1,815Net Assets 2013: $6,683,8162013Assets 2014: $7,324,979Liabilities 2014: $2,054Net Assets 2014: $7,322,9252014Assets 2015: $7,572,344Liabilities 2015: $51,920Net Assets 2015: $7,520,4242015Assets 2016: $21,890,804Liabilities 2016: $2,878,117Net Assets 2016: $19,012,6872016Assets 2017: $7,740,460Liabilities 2017: $16,361Net Assets 2017: $7,724,0992017Assets 2018: $8,766,766Liabilities 2018: $7,647Net Assets 2018: $8,759,1192018Assets 2019: $10,530,541Liabilities 2019: $43,841Net Assets 2019: $10,486,7002019Assets 2020: $10,427,089Liabilities 2020: $4,767Net Assets 2020: $10,422,3222020Assets 2021: $10,800,870Liabilities 2021: $14,504Net Assets 2021: $10,786,3662021Assets 2022: $10,785,679Liabilities 2022: $287,626Net Assets 2022: $10,498,0532022Assets 2023: $12,203,798Liabilities 2023: $1,598,070Net Assets 2023: $10,605,7282023Assets 2024: $12,465,355Liabilities 2024: $1,948,801Net Assets 2024: $10,516,5542024

Highlighted filing

2014

Assets$7,324,979
Liabilities$2,054
Net Assets$7,322,925

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20M$10M$0-$10M-$20MRevenue 2011: $428,879Expenses 2011: $636,934Net Income 2011: -$208,0552011Expenses 2012: $584,7692012Expenses 2013: $381,5062013Revenue 2014: $999,963Expenses 2014: $360,854Net Income 2014: $639,1092014Revenue 2015: $3,119,784Expenses 2015: $2,816,149Net Income 2015: $303,6352015Revenue 2016: $15,342,882Expenses 2016: $3,850,619Net Income 2016: $11,492,2632016Revenue 2017: $2,168,215Expenses 2017: $13,456,803Net Income 2017: -$11,288,5882017Revenue 2018: $2,542,923Expenses 2018: $1,507,903Net Income 2018: $1,035,0202018Revenue 2019: $3,575,723Expenses 2019: $1,848,142Net Income 2019: $1,727,5812019Revenue 2020: $1,134,042Expenses 2020: $1,198,420Net Income 2020: -$64,3782020Revenue 2021: $2,877,501Expenses 2021: $2,513,457Net Income 2021: $364,0442021Revenue 2022: $143,140Expenses 2022: $1,715,061Net Income 2022: -$1,571,9212022Revenue 2023: $1,738,728Expenses 2023: $1,631,052Net Income 2023: $107,6762023Revenue 2024: $1,345,075Expenses 2024: $1,445,086Net Income 2024: -$100,0112024

Highlighted filing

2014

Revenue$999,963
Expenses$360,854
Net Income$639,109
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Jan 12, 2015
Return Version
2013v4.0
Gross Receipts
$999,963
Mission and Program Overview

Mission

Assist Private Development Projects

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$3,945,861$4,487,773▲ $541,912
Other Notes and Loans Receivable, Net$1,733,675$1,601,214▼ $132,461
Investments Other Securities$542,017$638,125▲ $96,108
Land, Buildings, and Equipment, Net$464,078$597,867▲ $133,789
Total Assets$6,685,631$7,324,979▲ $639,348
Liabilities
Accounts Payable and Accrued Expenses$1,815$2,054▲ $239
Total Liabilities$1,815$2,054▲ $239
Net Assets / Fund Balance
Unrestricted Net Assets$6,683,816$7,322,925▲ $639,109
Total Net Assets Fund Balance$6,683,816$7,322,925▲ $639,109
Total Liabilities and Net Assets / Fund Balance$6,685,631$7,324,979▲ $639,348

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$423,743$181,269$605,012
Land$174,124-$174,124
Other Securities$638,125--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$625,819
Program Service Revenue
$301,589
Investment Income
$72,555
Other Revenue
$0
Change in Net Assets
$639,109

Audited Revenue Reconciliation

Revenue per Audited Statements
$999,963
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$999,963
Total Revenue per Form 990
$999,963
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$360,854
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Legal$54,207--$54,207
Depreciation Depletion$40,334--$40,334
Advertising$17,723--$17,723
Fees for Services Other$8,160--$8,160
Office Expenses$1,295--$1,295
Other Expenses$427--$427
Total Functional Expenses$360,854$0$0$360,854

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$360,854
Total Expenses per Audited Statements$360,854
Total Expenses per Form 990$360,854
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11

The ceo & cfo of this entity and its related entities, review the 990 return and compare it to the audited financial statements. It is also available at the entity's office for review by the board members.

Form 990, Part VI, Section B, Line 12C

The board members are subject to the ethics rules of the governmental entity that appoints them. So the city of memphis and shelby county are responsible for conflicts of interest regarding board members per state law. Our policy is to comply with those appointing entities.

Form 990, Part VI, Section C, Line 19

UPON REQUEST.

Filing and Contact Details

Filer

EIN
58-1330667
Phone
9015750550

Signing Officer

Name
Paul Morris
Title
President, CEO
Phone
9015750550
Signed
2015-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Morris
Formed
1978
Legal Domicile
Tn
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Preparer
Marcus Rountree
Phone
9015238283
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

The entity has an audit committee that approves the audit firm and meets with said firm to review and approve the audit report before it is finalized and presented to the entire board. This process has not changed from the prior year.

Raw XML AppendixShowing 400 of 447 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0999963
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0597867
IRS990ScheduleD/TotalBookValueSecuritiesAmt0638125
IRS990ScheduleD/TotalExpensesPerForm990Amt0360854
IRS990ScheduleD/TotalRevenuePerForm990Amt0999963
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0999963
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0360854
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CEO & CFO OF THIS ENTITY AND ITS RELATED ENTITIES, REVIEW THE 990 RETURN AND COMPARE IT TO THE AUDITED FINANCIAL STATEMENTS. IT IS ALSO AVAILABLE AT THE ENTITY'S OFFICE FOR REVIEW BY THE BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD MEMBERS ARE SUBJECT TO THE ETHICS RULES OF THE GOVERNMENTAL ENTITY THAT APPOINTS THEM. SO THE CITY OF MEMPHIS AND SHELBY COUNTY ARE RESPONSIBLE FOR CONFLICTS OF INTEREST REGARDING BOARD MEMBERS PER STATE LAW. OUR POLICY IS TO COMPLY WITH THOSE APPOINTING ENTITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ENTITY HAS AN AUDIT COMMITTEE THAT APPROVES THE AUDIT FIRM AND MEETS WITH SAID FIRM TO REVIEW AND APPROVE THE AUDIT REPORT BEFORE IT IS FINALIZED AND PRESENTED TO THE ENTIRE BOARD. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine10THE CITY OF MEMPHIS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0621703405
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0OWNS/MANAGES THE REAL ESTATE ACTIVITIES OF THE CRUMP BUILDING.
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine10CRUMP BUILDING INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine10114 N MAIN STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/City0MEMPHIS
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/State0TN
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCode038103
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine10BOARD OF DIRECTORS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine11BOARD OF DIRECTORS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine12BOARD OF DIRECTORS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine10DOWNTOWN MEMPHIS COMMISSION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine11MEMPHIS CENTER CITY REVENUE FINANCE CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine12DOWNTOWN PARKING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0GOV'T AGENCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1INDUSTRIAL DEV BOARD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt2PARKING AUTHORITY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd2TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO PROMOTE, MANAGE & COORDINATE REDEVELOPMENT OF THE CENTER CITY AREA.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1TO INITIATE STRATEGIC PLANNING FOR EXISTING & FUTURE PARKING FACILITIES.
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt2N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine10114 N MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine11114 N MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine12114 N MAIN STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City0MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City1MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/City2MEMPHIS
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/State2TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode038103
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode138103
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCode238103
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0700819
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1100000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FINANCIAL STATEMENTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FINANCIAL STATEMENTS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine10MEMPHIS CENTER CITY REVENUE FINANCE CORP
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine11DOWNTOWN MEMPHIS COMMISSION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1B
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt06685631
IRS990/TotalAssetsEOYAmt07324979
IRS990/TotalAssetsGrp/BOYAmt06685631
IRS990/TotalAssetsGrp/EOYAmt07324979
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0625819
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0360854
IRS990/TotalFunctionalExpensesGrp/TotalAmt0360854
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01815
IRS990/TotalLiabilitiesEOYAmt02054
IRS990/TotalLiabilitiesGrp/BOYAmt01815
IRS990/TotalLiabilitiesGrp/EOYAmt02054
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt06683816
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt07322925
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0360854
IRS990/TotalProgramServiceRevenueAmt0301589
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt072555
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0301589

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$12.5$1.95$10.5$1.35$1.45$0.10
2023Detailed filing. Detailed filing data is available for this year.$12.2$1.60$10.6$1.74$1.63$0.11
2022Detailed filing. Detailed filing data is available for this year.$10.8$0.29$10.5$0.14$1.72$1.57
2021Detailed filing. Detailed filing data is available for this year.$10.8$0.01$10.8$2.88$2.51$0.36
2020Detailed filing. Detailed filing data is available for this year.$10.4$0.00$10.4$1.13$1.20$0.06
2019Detailed filing. Detailed filing data is available for this year.$10.5$0.04$10.5$3.58$1.85$1.73
2018Detailed filing. Detailed filing data is available for this year.$8.77$0.01$8.76$2.54$1.51$1.04
2017Detailed filing. Detailed filing data is available for this year.$7.74$0.02$7.72$2.17$13.5$11.3
2016Detailed filing. Detailed filing data is available for this year.$21.9$2.88$19.0$15.3$3.85$11.5
2015Detailed filing. Detailed filing data is available for this year.$7.57$0.05$7.52$3.12$2.82$0.30
2014Detailed filing. Detailed filing data is available for this year.$7.32$0.00$7.32$1.00$0.36$0.64
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.69$0.00$6.68$0.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.92$0.02$4.90$0.58
2011Summary only. Only limited summary data is available for this year.$4.74$0.01$4.73$0.43$0.64$0.21
Peer Organizations

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