Civic Intelligence

Mlk Avenue Redevelopment Corporation

EIN 63-1088214 • 501(c)3 • Mobile, AL

Pub. 78 Eligible

Profile

COMMUNITY REDEVELOPMENT

PO Box 2204Mobile, AL 36652-2204

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.10x

Higher debt load relative to assets than 67% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

85th percentile

0.43x

Higher debt load relative to revenue than 85% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

5th percentile

-71%

Higher net margin than 5% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

18th percentile

-12%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Revenue Growth

95th percentile

150%

Faster revenue growth than 95% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$808,132

Down $130,415 (-14%) from 2023

Liabilities

Up

$79,877

Up $2,462 (+3.2%) from 2023

Net Assets

Down

$728,255

Down $132,877 (-15%) from 2023

Operations
Liabilities / Revenue85th percentileNet Margin5th percentile

Revenue

Down

$186,741

Down $105,666 (-36%) from 2023

Expenses

Down

$319,618

Down $97,786 (-23%) from 2023

Net Income

Down

-$132,877

Down $7,880 (-6.3%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth18th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $3,371,056Liabilities 2010: $7,399Net Assets 2010: $3,363,6572010Assets 2011: $3,293,529Liabilities 2011: $9,915Net Assets 2011: $3,283,6142011Assets 2012: $3,723,558Liabilities 2012: $21,178Net Assets 2012: $3,702,3802012Assets 2013: $4,490,452Liabilities 2013: $380,594Net Assets 2013: $4,109,8582013Assets 2014: $5,836,017Liabilities 2014: $1,448,762Net Assets 2014: $4,387,2552014Assets 2015: $5,538,320Liabilities 2015: $1,425,741Net Assets 2015: $4,112,5792015Assets 2016: $5,393,129Liabilities 2016: $1,360,975Net Assets 2016: $4,032,1542016Assets 2017: $5,193,547Liabilities 2017: $1,314,734Net Assets 2017: $3,878,8132017Assets 2018: $4,747,757Liabilities 2018: $1,262,939Net Assets 2018: $3,484,8182018Assets 2019: $4,118,929Liabilities 2019: $1,046,985Net Assets 2019: $3,071,9442019Assets 2020: $1,562,996Liabilities 2020: $110,374Net Assets 2020: $1,452,6222020Assets 2021: $1,141,480Liabilities 2021: $16,458Net Assets 2021: $1,125,0222021Assets 2022: $1,037,064Liabilities 2022: $50,935Net Assets 2022: $986,1292022Assets 2023: $938,547Liabilities 2023: $77,415Net Assets 2023: $861,1322023Assets 2024: $808,132Liabilities 2024: $79,877Net Assets 2024: $728,2552024

Highlighted filing

2024

Assets$808,132
Liabilities$79,877
Net Assets$728,255
Open 2024 Filing

Operations Trend

Revenue Growth95th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0M-$2.0MExpenses 2010: $507,9492010Expenses 2011: $644,5792011Expenses 2012: $401,9052012Revenue 2013: $925,104Expenses 2013: $517,626Net Income 2013: $407,4782013Revenue 2014: $711,417Expenses 2014: $434,020Net Income 2014: $277,3972014Revenue 2015: $429,862Expenses 2015: $704,538Net Income 2015: -$274,6762015Revenue 2016: $848,519Expenses 2016: $884,990Net Income 2016: -$36,4712016Revenue 2017: $522,114Expenses 2017: $675,455Net Income 2017: -$153,3412017Revenue 2018: $830,578Expenses 2018: $1,224,573Net Income 2018: -$393,9952018Revenue 2019: $422,736Expenses 2019: $835,610Net Income 2019: -$412,8742019Revenue 2020: -$375,632Expenses 2020: $1,243,690Net Income 2020: -$1,619,3222020Revenue 2021: $257,926Expenses 2021: $585,526Net Income 2021: -$327,6002021Revenue 2022: $29,911Expenses 2022: $168,805Net Income 2022: -$138,8942022Revenue 2023: $292,407Expenses 2023: $417,404Net Income 2023: -$124,9972023Revenue 2024: $186,741Expenses 2024: $319,618Net Income 2024: -$132,8772024

Highlighted filing

2024

Revenue$186,741
Expenses$319,618
Net Income-$132,877
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$808,132
Liabilities
$79,877
Net assets
$728,255
Revenue
$186,741
Expenses
$319,618
Net income
-$132,877
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.81$0.08$0.73$0.19$0.32$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.94$0.08$0.86$0.29$0.42$0.12
2022Detailed filing. Detailed filing data is available for this year.$1.04$0.05$0.99$0.03$0.17$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.14$0.02$1.13$0.26$0.59$0.33
2020Detailed filing. Detailed filing data is available for this year.$1.56$0.11$1.45$0.38$1.24$1.62
2019Detailed filing. Detailed filing data is available for this year.$4.12$1.05$3.07$0.42$0.84$0.41
2018Detailed filing. Detailed filing data is available for this year.$4.75$1.26$3.48$0.83$1.22$0.39
2017Detailed filing. Detailed filing data is available for this year.$5.19$1.31$3.88$0.52$0.68$0.15
2016Detailed filing. Detailed filing data is available for this year.$5.39$1.36$4.03$0.85$0.88$0.04
2015Detailed filing. Detailed filing data is available for this year.$5.54$1.43$4.11$0.43$0.70$0.27
2014Detailed filing. Detailed filing data is available for this year.$5.84$1.45$4.39$0.71$0.43$0.28
2013Detailed filing. Detailed filing data is available for this year.$4.49$0.38$4.11$0.93$0.52$0.41
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.72$0.02$3.70$0.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$0.01$3.28$0.64
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.37$0.01$3.36$0.51
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 12, 2025
Return Version
2024v5.0
Gross Receipts
$186,741
Mission and Program Overview

Mission

COMMUNITY REDEVELOPMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$255,547$100,900▼ $154,647
Land, Buildings, and Equipment, Net$429--
Total Assets$938,547$808,132▼ $130,415
Other Assets Total$682,571$707,232▲ $24,661
Liabilities
Other Liabilities$64,494$64,431▼ $63
Accounts Payable and Accrued Expenses$10,121$12,646▲ $2,525
Deferred Revenue$2,800$2,800→ $0
Total Liabilities$77,415$79,877▲ $2,462
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$698,806$696,179▼ $2,627
Net Assets With Donor Restrictions$162,326$32,076▼ $130,250
Total Net Assets Fund Balance$861,132$728,255▼ $132,877
Total Liabilities and Net Assets / Fund Balance$938,547$808,132▼ $130,415

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$6,423$6,423
Other Assets Org$112,278--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseTotal
Daphne PierceExecutive DiFT$86,250$86,250

Board Members and Trustees

NameTitle
Darrell RandleChairman
Cynthia MaloneVice Chairma
Christopher LeeAdvisory Brd
Carlos GantSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$24,250
Program Service Revenue
$162,491
Investment Income
$0
Other Revenue
$0
All Other Contributions
$4,500
Change in Net Assets
$-132,877
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$226,770
Salaries, Compensation, and Employee Benefits$92,848
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$51,750$34,500-$86,250
Fees for Services Accounting$10,821$7,214-$18,035
Insurance$13,294$3,420-$16,714
Payroll Taxes$3,959$2,639-$6,598
Interest$3,717$2,478-$6,195
Occupancy$5,132--$5,132
Office Expenses$2,028$1,352-$3,380
Other Expenses$2,000--$2,000
All Other Expenses$1,404$112-$1,516
Depreciation Depletion$257$172-$429
Total Functional Expenses$267,731$51,887$0$319,618
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Line of Credit$64,431
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The tax return is reviewed by the executive director before filing.”

Form 990, Page 6, Part VI, Line 15A

“The executive director's salary is based on a ceo's salary comparable to a business of like size.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Mlk Avenue Redevelopment Corp
EIN
63-1088214
Phone
2514323073
Address
PO BOX 2204, MOBILE, AL 36652-2204

Signing Officer

Name
Daphne Pierce
Title
Executive Director
Phone
2514323073
Signed
2025-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Daphne Pierce
Formed
1993
Legal Domicile
Al
Voting Board Members
4
Independent Board Members
4
Employees
1
Volunteers
4

Preparer

Firm
Mostellar & Shreve Llp
Address
23 MIDTOWN PARK W, MOBILE, AL 36606
Preparer
Timothy W Vice Jr CPA
Phone
2514760243
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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN IS REVIEWED BY THE EXECUTIVE DIRECTOR BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXECUTIVE DIRECTOR'S SALARY IS BASED ON A CEO'S SALARY COMPARABLE TO A BUSINESS OF LIKE SIZE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0DAPHNE PIERCE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum02514323073
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MLK AVENUE REDEVELOPMENT CORP
ReturnHeader/Filer/BusinessNameControlTxt0MLKA
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ReturnHeader/Filer/PhoneNum02514323073
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ReturnHeader/Filer/USAddress/CityNm0MOBILE
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0631057374
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0MOSTELLAR & SHREVE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt023 MIDTOWN PARK W
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOBILE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0AL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd036606
ReturnHeader/PreparerPersonGrp/PhoneNum02514760243
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TIMOTHY W VICE JR CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-11-12T10:38:27-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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