Civic Intelligence

Memphis Center City Development Corporation

990 • Fiscal year 2018 • EIN 58-1330667

Jul 01, 2017 to Jun 30, 2018 • Filed on May 17, 2019

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

9th percentile

0.00x

Higher debt load relative to assets than 9% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

9th percentile

0.00x

Higher debt load relative to revenue than 9% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

88th percentile

41%

Higher net margin than 88% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

20th percentile

$0

Higher top officer pay than 20% of similar nonprofits.

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

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

77th percentile

13%

Faster asset growth than 77% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

74th percentile

17%

Faster revenue growth than 74% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets9th percentile

Assets

Up

$8,766,766

Up $1,026,306 (+13%) from 2017

Net Assets

Up

$8,759,119

Up $1,035,020 (+13%) from 2017

Liabilities

Down

$7,647

Down $8,714 (-53%) from 2017

Revenue And Expenses
Liabilities / Revenue9th percentileNet Margin88th percentile

Revenue

Up

$2,542,923

Up $374,708 (+17%) from 2017

Expenses

Down

$1,507,903

Down $11,948,900 (-89%) from 2017

Net Income

Up

$1,035,020

Up $12,323,608 (+109%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2018

Assets$8,766,766
Liabilities$7,647
Net Assets$8,759,119
Open 2018 Filing

Operations Trend

Revenue Growth74th 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

2018

Revenue$2,542,923
Expenses$1,507,903
Net Income$1,035,020
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 17, 2019
Return Version
2017v2.3
Gross Receipts
$2,542,923
Mission and Program Overview

Mission

Assist Private Development Projects

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$4,704,761$5,786,400▲ $1,081,639
Investments Other Securities$1,632,381$1,785,941▲ $153,560
Other Notes and Loans Receivable, Net$799,813$694,946▼ $104,867
Land, Buildings, and Equipment, Net$601,709$496,970▼ $104,739
Prepaid Expenses and Deferred Charges$1,796$2,509▲ $713
Total Assets$7,740,460$8,766,766▲ $1,026,306
Liabilities
Accounts Payable and Accrued Expenses$16,361$7,647▼ $8,714
Total Liabilities$16,361$7,647▼ $8,714
Net Assets / Fund Balance
Unrestricted Net Assets$7,724,099$8,759,119▲ $1,035,020
Total Net Assets Fund Balance$7,724,099$8,759,119▲ $1,035,020
Total Liabilities and Net Assets / Fund Balance$7,740,460$8,766,766▲ $1,026,306

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$322,846$1,451,283$1,774,129
Buildings$0$185,000$185,000
Land$174,124-$174,124
Other Securities$1,785,941--
Compensation and Service Providers
Top Officer Pay20th percentile

Board Members and Trustees

NameTitle
Michael B ChanceChairman
Benjamin OrgelMember
Deni Carr ReillyMember
Gabriel FotsingMember
Sharon LeichamMember
Tanja MitchellMember
Terry WoodardMember
Julie LanskySecretary
Ray BrownTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,381,428
Program Service Revenue
$0
Investment Income
$160,695
Other Revenue
$800
Change in Net Assets
$1,035,020

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,528,615
Revenue Not Reported on Financial Statements
$14,308
Revenue Not Reported on Form 990
$28,949
Other Revenue Adjustments
$14,308
Total Revenue per Audited Statements
$2,557,564
Total Revenue per Form 990
$2,542,923
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,255,260
Other Expenses$252,643
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,226,530--$1,226,530
Depreciation Depletion$104,739--$104,739
Fees for Services Legal$38,792--$38,792
Grants to Domestic Individuals$28,730--$28,730
Insurance$6,218--$6,218
Other Expenses$4,439--$4,439
Office Expenses$709--$709
Total Functional Expenses$1,507,903$0$0$1,507,903

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,522,544
Total Expenses per Form 990$1,507,903
Expenses per Audited Statements$1,493,595
Expenses Not Reported on Form 990$28,949
Expenses Not Reported on Financial Statements$14,308
Other Expense Adjustments$14,308
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Servicemaster Global Holdings IncMemphis, TN-Development Project Assistance$1,000,000
Wunderlich Securities IncMemphis, TN-Development Project Assistance$100,000
Carolina LLCMemphis, TN-Development Project Assistance$56,622
Sugar Services LLCMemphis, TN-Development Project Assistance$23,600
ALDO'S PIZZAMemphis, TN-Development Project Assistance$16,000
Downtown Memphis CommissionMemphis, TN-Development Project Assistance$14,308
Brass Door Irish PubMemphis, TN-Development Project Assistance$8,000
Crazybeautiful Clothing LLC Dba Stock & BelleMemphis, TN-Development Project Assistance$8,000
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 11B

“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

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public 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
President & CEO
Phone
9015750550
Signed
2019-05-17
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
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 2D - OTHER ADJUSTMENTS:

“Contracted projects expense offset 18,949. Option purchase refund 10,000.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Operating transfer to downtown memphis commission 14,308.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Contracted projects expense offset 18,949. Option purchase refund 10,000.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Operating transfer to downtown memphis commission 14,308.”

Raw XML AppendixShowing 400 of 539 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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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02381428
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02047649
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt015263038
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03060573
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0625819
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt023378507
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0160695
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0120266
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt060585
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt043736
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt072555
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0457837
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.96930
IRS990ScheduleA/PublicSupportPY170Pct00.97330
IRS990ScheduleA/PublicSupportTotal170Amt023105234
IRS990ScheduleA/SubstantialContributorsTotAmt0273273
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02381428
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt02047649
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt015263038
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03060573
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0625819
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt023378507
IRS990ScheduleA/TotalSupportAmt023836344
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0185000
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0185000
IRS990ScheduleD/ExpensesNotReportedAmt028949
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt014308
IRS990ScheduleD/ExpensesSubtotalAmt01493595
IRS990ScheduleD/LandGrp/BookValueAmt0174124
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0174124
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0322846
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01451283
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01774129
IRS990ScheduleD/OtherExpensesIncludedAmt028949
IRS990ScheduleD/OtherExpensesNotIncludedAmt014308
IRS990ScheduleD/OtherRevenueAmt028949
IRS990ScheduleD/OtherRevenuesNotIncludedAmt014308
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt01785941
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENTS IN FIXED INCOME BONDS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt028949
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt014308
IRS990ScheduleD/RevenueSubtotalAmt02528615
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CONTRACTED PROJECTS EXPENSE OFFSET 18,949. OPTION PURCHASE REFUND 10,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1OPERATING TRANSFER TO DOWNTOWN MEMPHIS COMMISSION 14,308.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CONTRACTED PROJECTS EXPENSE OFFSET 18,949. OPTION PURCHASE REFUND 10,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3OPERATING TRANSFER TO DOWNTOWN MEMPHIS COMMISSION 14,308.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0496970
IRS990ScheduleD/TotalBookValueSecuritiesAmt01785941
IRS990ScheduleD/TotalExpensesPerForm990Amt01507903
IRS990ScheduleD/TotalRevenuePerForm990Amt02542923
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02557564
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01522544
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt028730
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0DEVELOPMENT PROJECT ASSISTANCE
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/CashGrantAmt08000
IRS990ScheduleI/RecipientTable/CashGrantAmt18000
IRS990ScheduleI/RecipientTable/CashGrantAmt214308
IRS990ScheduleI/RecipientTable/CashGrantAmt316000
IRS990ScheduleI/RecipientTable/CashGrantAmt423600
IRS990ScheduleI/RecipientTable/CashGrantAmt556622
IRS990ScheduleI/RecipientTable/CashGrantAmt6100000
IRS990ScheduleI/RecipientTable/CashGrantAmt71000000
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/RecipientBusinessName/BusinessNameLine1Txt0BRASS DOOR IRISH PUB
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CRAZYBEAUTIFUL CLOTHING LLC DBA STOCK & BELLE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2DOWNTOWN MEMPHIS COMMISSION
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3ALDO'S PIZZA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4SUGAR SERVICES LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5CAROLINA LLC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6WUNDERLICH SECURITIES INC
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt7SERVICEMASTER GLOBAL HOLDINGS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0300689067
IRS990ScheduleI/RecipientTable/RecipientEIN1464805311
IRS990ScheduleI/RecipientTable/RecipientEIN2626140564
IRS990ScheduleI/RecipientTable/RecipientEIN3821433745
IRS990ScheduleI/RecipientTable/RecipientEIN4621518255
IRS990ScheduleI/RecipientTable/RecipientEIN5208738320
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0152 MADISON AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1387 S MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt2114 N MAIN ST
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3100 S MAIN ST STE 101
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt415 W GE PATTERSON AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt5141 CAROLINA AVE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt640 S MAIN ST STE 1800
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt7150 PEABODY PL
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
IRS990ScheduleI/RecipientTable/USAddress/CityNm7MEMPHIS
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd5TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd6TN
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd7TN
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd038103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd138103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd238103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd338103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd438103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd538017
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd638103
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd738103
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc2CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc3CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc4CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc5CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc6CASH
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc7CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0FILES ARE KEPT ON ALL PROJECTS FOR WHICH THE ORGANIZATION RECEIVES AN APPLICATION FOR ASSISTANCE. A LIST OF BOARD-APPROVED COMMITMENTS IS MAINTAINED, AND THE AMOUNT OF ASSISTANCE IS INCLUDED IN DESIGNATED ASSETS SO THAT THE ORGANIZATION CAN MONITOR THE BALANCE OF UNDESIGNATED ASSETS REMAINING TO PROVIDE OTHER ASSISTANCE. THE GRANTEE MUST PROVIDE PROOF OF EXPENSE AND REQUIRED COMPLIANCE WITH THE ORGANIZATION'S EBO PROGRAM IN ORDER TO RECEIVE FUNDING. THEREFORE, THE GRANTEES MUST PAY FOR THE REPAIRS OR DEVELOPMENT WITH OTHER FINANCING AND THEN ARE REIMBURSED BY THE ORGANIZATION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
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/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON 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 11B
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/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0BOARD OF DIRECTORS

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,766,766
Liabilities
$7,647
Net assets
$8,759,119
Revenue
$2,542,923
Expenses
$1,507,903
Net income
$1,035,020
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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