Civic Intelligence

Memphis Center City Development Corporation

990 • Fiscal year 2016 • EIN 58-1330667

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 02, 2017

Organization ProfileWWW.DOWNTOWNMEMPHISCOMMISSION.COM/CCDC.ASP
Crump Building 114 N Main StreetMemphis, TN 38103

(901) 575-0550

Siviq Scores

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

Liabilities / Assets

38th percentile

0.13x

Higher debt load relative to assets than 38% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

43rd percentile

0.19x

Higher debt load relative to revenue than 43% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

96th percentile

75%

Higher net margin than 96% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

12th percentile

$0

Higher top officer pay than 12% of similar nonprofits.

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

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

99th percentile

189%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

98th percentile

392%

Faster revenue growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets38th percentile

Assets

Up

$21,890,804

Up $14,318,460 (+189%) from 2015

Net Assets

Up

$19,012,687

Up $11,492,263 (+153%) from 2015

Liabilities

Up

$2,878,117

Up $2,826,197 (+5443%) from 2015

Revenue And Expenses
Liabilities / Revenue43rd percentileNet Margin96th percentile

Revenue

Up

$15,342,882

Up $12,223,098 (+392%) from 2015

Expenses

Up

$3,850,619

Up $1,034,470 (+37%) from 2015

Net Income

Up

$11,492,263

Up $11,188,628 (+3685%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

2016

Assets$21,890,804
Liabilities$2,878,117
Net Assets$19,012,687
Open 2016 Filing

Operations Trend

Revenue Growth98th percentile

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

2016

Revenue$15,342,882
Expenses$3,850,619
Net Income$11,492,263
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 2, 2017
Return Version
2015v3.0
Gross Receipts
$15,421,813
Mission and Program Overview

Mission

Assist Private Development Projects

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable-$13,852,567-
Cash and Non-Interest-Bearing Accounts$4,875,181$5,531,039▲ $655,858
Other Notes and Loans Receivable, Net$1,324,727$1,241,274▼ $83,453
Investments Other Securities$635,881$632,917▼ $2,964
Land, Buildings, and Equipment, Net$733,395$630,047▼ $103,348
Prepaid Expenses and Deferred Charges$3,160$2,960▼ $200
Total Assets$7,572,344$21,890,804▲ $14,318,460
Liabilities
Accounts Payable and Accrued Expenses$16,920$2,878,117▲ $2,861,197
Grants Payable$35,000$0▼ $35,000
Total Liabilities$51,920$2,878,117▲ $2,826,197
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$12,000,000-
Unrestricted Net Assets$7,520,424$7,012,687▼ $507,737
Total Net Assets Fund Balance$7,520,424$19,012,687▲ $11,492,263
Total Liabilities and Net Assets / Fund Balance$7,572,344$21,890,804▲ $14,318,460

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$443,320$1,255,787$1,699,107
Buildings$12,603$172,397$185,000
Land$174,124-$174,124
Compensation and Service Providers
Top Officer Pay12th percentile

Board Members and Trustees

NameTitle
Eric MathewsChairman
Bob LundyMember
Carl PersonMember
Deni Carr ReillyMember
Julie LanskyMember
Melvin JonesMember
Tanja MitchellMember
Andre JonesSecretary
Michael B ChanceTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,263,038
Program Service Revenue
$3,750
Investment Income
$60,585
Other Revenue
$15,509
All Other Contributions
$14,325,505
Change in Net Assets
$11,492,263

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,211,813
Revenue Not Reported on Financial Statements
$131,069
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$131,069
Total Revenue per Audited Statements
$15,211,813
Total Revenue per Form 990
$15,342,882
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$3,644,686
Other Expenses$205,933
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,644,686--$3,644,686
Fees for Services Legal$58,025--$58,025
Depreciation Depletion$40,331--$40,331
Fees for Services Other$9,624--$9,624
Fees for Services Accounting$6,474--$6,474
Office Expenses$542--$542
Other Expenses$200--$200
Total Functional Expenses$3,850,619$0$0$3,850,619

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$3,850,619
Expenses per Audited Statements$3,719,550
Total Expenses per Audited Statements$3,719,550
Expenses Not Reported on Financial Statements$131,069
Other Expense Adjustments$131,069
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
City of MemphisMemphis, TN-Development Project Assistance$1,849,567
Memphis College of ArtMemphis, TN-Development Project Assistance$24,000
Quench Wine & SpiritsMemphis, TN-Development Project Assistance$23,495
GOULD'S DAY SPA & SALONMemphis, TN-Development Project Assistance$21,810
Loflin CornerMemphis, TN-Development Project Assistance$18,425
ALDO'S PIZZAMemphis, TN-Development Project Assistance$16,000
Brass DoorMemphis, TN-Development Project Assistance$16,000
K'PRESHA LLCMemphis, TN-Development Project Assistance$16,000
Legendary GearMemphis, TN-Development Project Assistance$16,000
Golden Jubilee LLCMemphis, TN-Development Project Assistance$15,779
Stock & BelleMemphis, TN-Development Project Assistance$14,700
RIZZO'S DINERMemphis, TN-Development Project Assistance$12,450
Hoot Louise LLCMemphis, TN-Development Project Assistance$10,648
Apg Office FurnishingsMemphis, TN-Development Project Assistance$8,000
CHARLOTTE'S FINE JEWELRYMemphis, TN-Development Project Assistance$8,000
City MarketMemphis, TN-Development Project Assistance$8,000
Life Is GoodMemphis, TN-Development Project Assistance$8,000
SacheMemphis, TN-Development Project Assistance$8,000
Victorian VillageMemphis, TN-Development Project Assistance$5,000
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

Filer Name
Memphis Center City Development
EIN
58-1330667
Phone
9015750550
Address
CRUMP BUILDING 114 N MAIN STREET, MEMPHIS, TN 38103

Signing Officer

Name
Jennifer Oswalt
Title
CFO
Phone
9015750550
Signed
2017-02-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jennifer Oswalt
Formed
1978
Legal Domicile
Tn
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
Cannon Wright Blount Pllc
Address
756 RIDGE LAKE BLVD SUITE 100, MEMPHIS, TN 38120-9420
Preparer
Stephanie L Livingston CPA
Phone
9016857500
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.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Grants to downtown memphis commission 210,000. Rental expenses netted against rental revenue -78,931.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Grants to downtown memphis commission 210,000. Rental expenses netted against rental revenue -78,931.”

Raw XML AppendixShowing 400 of 624 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt016920
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt02878117
IRS990/AccountsReceivableGrp/EOYAmt013852567
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0ASSIST PRIVATE DEVELOPMENT PROJECTS
IRS990/AllOtherContributionsAmt014325505
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JENNIFER OSWALT
IRS990/BooksInCareOfDetail/PhoneNum09015750550
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0114 N MAIN ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0MEMPHIS
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd038103
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt04875181
IRS990/CashNonInterestBearingGrp/EOYAmt05531039
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt015263038
IRS990/CYGrantsAndSimilarPaidAmt03644686
IRS990/CYInvestmentIncomeAmt060585
IRS990/CYOtherExpensesAmt0205933
IRS990/CYOtherRevenueAmt015509
IRS990/CYProgramServiceRevenueAmt03750
IRS990/CYRevenuesLessExpensesAmt011492263
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt03850619
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt015342882
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt040331
IRS990/DepreciationDepletionGrp/TotalAmt040331
IRS990/Desc0DEVELOPED TO ASSIST PRIVATE DEVELOPMENT PROJECTS
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt03850619
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt06474
IRS990/FeesForServicesAccountingGrp/TotalAmt06474
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt058025
IRS990/FeesForServicesLegalGrp/TotalAmt058025
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt09624
IRS990/FeesForServicesOtherGrp/TotalAmt09624
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt34.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt44.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt54.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt64.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt74.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt84.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0ERIC MATHEWS
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL B CHANCE
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDRE JONES
IRS990/Form990PartVIISectionAGrp/PersonNm3CARL PERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4JULIE LANSKY
IRS990/Form990PartVIISectionAGrp/PersonNm5TANJA MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm6BOB LUNDY
IRS990/Form990PartVIISectionAGrp/PersonNm7MELVIN JONES
IRS990/Form990PartVIISectionAGrp/PersonNm8DENI CARR REILLY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01978
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt03644686
IRS990/GrantsPayableGrp/BOYAmt035000
IRS990/GrantsPayableGrp/EOYAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt03644686
IRS990/GrantsToDomesticOrgsGrp/TotalAmt03644686
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt015421813
IRS990/GrossRentsGrp/RealAmt094440
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InvestmentIncomeGrp/ExclusionAmt060585
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt060585
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0635881
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0632917
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01428184
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0733395
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0630047
IRS990/LandBldgEquipCostOrOtherBssAmt02058231
IRS990/LegalDomicileStateCd0TN
IRS990/LessRentalExpensesGrp/RealAmt078931
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0ADMINISTER THE DEVELOPMENT LOAN PROGRAM, PUBLIC IMPROVEMENTS PROGRAM, AND OTHER PROGRAMS DESIGNED TO ASSIST PRIVATE DEVELOPMENT PROJECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt07520424
IRS990/NetAssetsOrFundBalancesEOYAmt019012687
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt015509
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt015509
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0542
IRS990/OfficeExpensesGrp/TotalAmt0542
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0EVENT PRODUCTION
IRS990/OtherExpensesGrp/Desc1RECRUITMENT/RETENTION
IRS990/OtherExpensesGrp/ProgramServicesAmt090737
IRS990/OtherExpensesGrp/ProgramServicesAmt1200
IRS990/OtherExpensesGrp/TotalAmt090737
IRS990/OtherExpensesGrp/TotalAmt1200
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01324727
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01241274
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03160
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02960
IRS990/PrincipalOfficerNm0JENNIFER OSWALT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03060573
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02227310
IRS990/PYInvestmentIncomeAmt043736
IRS990/PYOtherExpensesAmt0588839
IRS990/PYOtherRevenueAmt011275
IRS990/PYProgramServiceRevenueAmt04200
IRS990/PYRevenuesLessExpensesAmt0303635
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02816149
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03119784
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt011492263
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt0937533
IRS990/RentalIncomeOrLossGrp/RealAmt015509
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt019259
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03263038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03060573
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0625819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02105100
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0667653
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09722183
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt060585
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt043736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt072555
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt047306
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt063373
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0287555
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.71340
IRS990ScheduleA/PublicSupportPY170Pct00.87400
IRS990ScheduleA/PublicSupportTotal170Amt07140884
IRS990ScheduleA/SubstantialContributorsTotAmt02581299
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03263038
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03060573
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0625819
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02105100
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0667653
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09722183
IRS990ScheduleA/TotalSupportAmt010009738
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt012603
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0172397
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0185000
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0131069
IRS990ScheduleD/ExpensesSubtotalAmt03719550
IRS990ScheduleD/LandGrp/BookValueAmt0174124
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0174124
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0443320
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01255787
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01699107
IRS990ScheduleD/OtherExpensesNotIncludedAmt0131069
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0131069
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0131069
IRS990ScheduleD/RevenueSubtotalAmt015211813
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0GRANTS TO DOWNTOWN MEMPHIS COMMISSION 210,000. RENTAL EXPENSES NETTED AGAINST RENTAL REVENUE -78,931.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GRANTS TO DOWNTOWN MEMPHIS COMMISSION 210,000. RENTAL EXPENSES NETTED AGAINST RENTAL REVENUE -78,931.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0630047
IRS990ScheduleD/TotalExpensesPerForm990Amt03850619
IRS990ScheduleD/TotalRevenuePerForm990Amt015342882
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015211813
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03719550
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt016000
IRS990ScheduleI/RecipientTable/CashGrantAmt18000
IRS990ScheduleI/RecipientTable/CashGrantAmt216000
IRS990ScheduleI/RecipientTable/CashGrantAmt38000
IRS990ScheduleI/RecipientTable/CashGrantAmt48000
IRS990ScheduleI/RecipientTable/CashGrantAmt51849567
IRS990ScheduleI/RecipientTable/CashGrantAmt615779
IRS990ScheduleI/RecipientTable/CashGrantAmt721810
IRS990ScheduleI/RecipientTable/CashGrantAmt810648
IRS990ScheduleI/RecipientTable/CashGrantAmt916000
IRS990ScheduleI/RecipientTable/CashGrantAmt1016000
IRS990ScheduleI/RecipientTable/CashGrantAmt118000
IRS990ScheduleI/RecipientTable/CashGrantAmt1218425
IRS990ScheduleI/RecipientTable/CashGrantAmt1324000
IRS990ScheduleI/RecipientTable/CashGrantAmt1423495
IRS990ScheduleI/RecipientTable/CashGrantAmt1512450
IRS990ScheduleI/RecipientTable/CashGrantAmt168000
IRS990ScheduleI/RecipientTable/CashGrantAmt1714700
IRS990ScheduleI/RecipientTable/CashGrantAmt185000
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt8DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt9DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt10DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt11DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt12DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt13DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt14DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt15DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt16DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt17DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt18DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0ALDO'S PIZZA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1APG OFFICE FURNISHINGS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2BRASS DOOR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3CHARLOTTE'S FINE JEWELRY
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4CITY MARKET
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5CITY OF MEMPHIS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6GOLDEN JUBILEE LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7GOULD'S DAY SPA & SALON
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt8HOOT LOUISE LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt9K'PRESHA LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt10LEGENDARY GEAR
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt11LIFE IS GOOD
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt12LOFLIN CORNER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt13MEMPHIS COLLEGE OF ART
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt14QUENCH WINE & SPIRITS
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt15RIZZO'S DINER
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt16SACHE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt17STOCK & BELLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt18VICTORIAN VILLAGE
IRS990ScheduleI/RecipientTable/RecipientEIN0310747489
IRS990ScheduleI/RecipientTable/RecipientEIN1300689067
IRS990ScheduleI/RecipientTable/RecipientEIN2521251329
IRS990ScheduleI/RecipientTable/RecipientEIN3272440717
IRS990ScheduleI/RecipientTable/RecipientEIN4620721750
IRS990ScheduleI/RecipientTable/RecipientEIN5272611305
IRS990ScheduleI/RecipientTable/RecipientEIN6454303292
IRS990ScheduleI/RecipientTable/RecipientEIN7252172102
IRS990ScheduleI/RecipientTable/RecipientEIN8620544854
IRS990ScheduleI/RecipientTable/RecipientEIN9272459263
IRS990ScheduleI/RecipientTable/RecipientEIN10464805311
IRS990ScheduleI/RecipientTable/RecipientEIN11320179390
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt064 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1100 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2152 MADISON
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3526 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt466 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5125 N MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt699 S SECOND
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt777 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt8109 GE PATTERSON
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt9323 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt10645 MARSHALL
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11100 PEABODY PLACE SUITE 175
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt127 W CAROLINA
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt131930 POPLAR
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1499 S SECOND
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15492 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt16525 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt17387 S MAIN
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt18671 JEFFERSON
IRS990ScheduleI/RecipientTable/USAddress/CityNm0MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm1MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm2MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm3MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm4MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm5MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/CityNm6MEMPHIS

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,890,804
Liabilities
$2,878,117
Net assets
$19,012,687
Revenue
$15,342,882
Expenses
$3,850,619
Net income
$11,492,263
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