Civic Intelligence

MDCDC Inc DBA

990 • Fiscal year 2023 • EIN 81-0729268

Jan 01, 2023 to Dec 31, 2023 • Filed on May 08, 2024

Organization Profilewww.mdcollaborative.org
656 Madison AvenueMemphis, TN 38103

(901) 552-4781

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.24x

Higher debt load relative to assets than 63% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

72nd percentile

0.46x

Higher debt load relative to revenue than 72% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

19th percentile

-13%

Higher net margin than 19% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$186,268

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 6.3% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

49th percentile

5.2%

Faster asset growth than 49% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

74th percentile

25%

Faster revenue growth than 74% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets63rd percentile

Assets

Up

$5,674,436

Up $282,176 (+5.2%) from 2022

Net Assets

Down

$4,299,726

Down $330,367 (-7.1%) from 2022

Liabilities

Up

$1,374,710

Up $612,543 (+80%) from 2022

Revenue And Expenses
Liabilities / Revenue72nd percentileNet Margin19th percentile

Revenue

Up

$2,975,790

Up $594,257 (+25%) from 2022

Expenses

Up

$3,368,769

Up $260,395 (+8.4%) from 2022

Net Income

Up

-$392,979

Up $333,862 (+46%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth49th percentile

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

$6.0M$4.0M$2.0M$0Assets 2016: $1,952,590Liabilities 2016: $593,449Net Assets 2016: $1,359,1412016Assets 2017: $2,275,075Liabilities 2017: $400,142Net Assets 2017: $1,874,9332017Assets 2018: $3,942,579Liabilities 2018: $1,171,393Net Assets 2018: $2,771,1862018Assets 2019: $3,723,958Liabilities 2019: $716,717Net Assets 2019: $3,007,2412019Assets 2020: $2,488,528Liabilities 2020: $379,594Net Assets 2020: $2,108,9342020Assets 2021: $5,697,322Liabilities 2021: $445,999Net Assets 2021: $5,251,3232021Assets 2022: $5,392,260Liabilities 2022: $762,167Net Assets 2022: $4,630,0932022Assets 2023: $5,674,436Liabilities 2023: $1,374,710Net Assets 2023: $4,299,7262023Assets 2024: $5,166,043Liabilities 2024: $1,277,048Net Assets 2024: $3,888,9952024

Highlighted filing

2023

Assets$5,674,436
Liabilities$1,374,710
Net Assets$4,299,726
Open 2023 Filing

Operations Trend

Revenue Growth74th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2016: $3,399,696Expenses 2016: $1,920,461Net Income 2016: $1,479,2352016Revenue 2017: $3,684,112Expenses 2017: $3,168,320Net Income 2017: $515,7922017Revenue 2018: $4,214,423Expenses 2018: $3,318,170Net Income 2018: $896,2532018Revenue 2019: $3,904,971Expenses 2019: $3,668,916Net Income 2019: $236,0552019Revenue 2020: $3,341,732Expenses 2020: $4,240,039Net Income 2020: -$898,3072020Revenue 2021: $5,485,350Expenses 2021: $2,331,785Net Income 2021: $3,153,5652021Revenue 2022: $2,381,533Expenses 2022: $3,108,374Net Income 2022: -$726,8412022Revenue 2023: $2,975,790Expenses 2023: $3,368,769Net Income 2023: -$392,9792023Revenue 2024: $2,891,896Expenses 2024: $3,320,697Net Income 2024: -$428,8012024

Highlighted filing

2023

Revenue$2,975,790
Expenses$3,368,769
Net Income-$392,979
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 8, 2024
Return Version
2023v5.1
Gross Receipts
$2,975,790
Mission and Program Overview

Mission

The Memphis Medical District Collaborative (MDCDC) is a community development organization working with anchor institutions to strengthen the connections, communities, and campuses in the Memhis Medical District so they are more vibrant, prosperous, and equitqble.

The Memphis Medical District Collaborative (MDCDC) is a community development organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,887,661$2,994,432▲ $106,771
Pledges and Grants Receivable$1,854,488$980,858▼ $873,630
Other Notes and Loans Receivable, Net$146,755$716,753▲ $569,998
Land, Buildings, and Equipment, Net$100,526$599,761▲ $499,235
Investments Program Related$296,650$310,732▲ $14,082
Prepaid Expenses and Deferred Charges$29,180--
Savings and Temporary Cash Investments-$6,400-
Total Assets$5,392,260$5,674,436▲ $282,176
Other Assets Total$77,000$65,500▼ $11,500
Liabilities
Unsecured Notes Loans Payable$541,476$1,265,782▲ $724,306
Escrow Account Liability$77,000$71,900▼ $5,100
Accounts Payable and Accrued Expenses$143,691$37,028▼ $106,663
Total Liabilities$762,167$1,374,710▲ $612,543
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,718,687$4,227,826▲ $509,139
Net Assets With Donor Restrictions$911,406$71,900▼ $839,506
Total Net Assets Fund Balance$4,630,093$4,299,726▼ $330,367
Total Liabilities and Net Assets / Fund Balance$5,392,260$5,674,436▲ $282,176

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$60,732--
Equipment$599,761--
Other Assets Org$65,500--
Compensation and Service Providers
Top Officer Pay72nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rory ThomasPresidentFT$171,600$14,668$186,268
Rory Thomas--$171,600$14,668$186,268
Ben SchulmanVice President, Real EstateFT$124,800$11,594$136,394
Ben Schuman--$124,800$11,594$136,394
Lakeesa MitchellVice President, Custodian of Contributions, Custodian of Final DistributionsFT$19,000$2,500$21,500
Keesa Mitchel--$19,000$2,500$21,500

Board Members and Trustees

NameTitle
Dr Michael UgwuekeBoard Chairman
Mr Ike AnandVice Chair
Dr Hampton HopkinsDirector
Dr Peter BuckleyDirector
Dr Reginald CoopwoodDirector
Dr Tracy HallDirector
Mr Doug McGowenDirector
Mr Joe VaughnDirector
Mr Paul YoungDirector
Mr Pitt HydeDirector
Mr Scott BlakeDirector
Ms Chandell RyanDirector
Ms Emily Todd DowdyDirector
Dr Lewis ReichSecretary
Dr Michelle TaylorTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Mydatt Services Inc DBA Block by BlockDistrict Ambassadors7135 Charlotte Pike Suite 100, Nashville, TN 37209-0000$591,798
Premier Contractors IncConstruction629 Monroe Ave, Memphis, TN 38103$120,000
-Design Services659 Auburn Avenue Suite 255, Atlanta, GA 30312$111,674
Revenue and Support

Revenue Composition

Contributions and Grants
$2,785,063
Program Service Revenue
$0
Investment Income
$175,527
Other Revenue
$15,200
All Other Contributions
$51,090
Change in Net Assets
$-392,979
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,935,169
Salaries, Compensation, and Employee Benefits$1,172,529
Grants and Similar Amounts Paid$261,071
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$509,829$509,830$0$1,019,659
All Other Expenses$393,452$94,022$0$487,474
Grants to Domestic Orgs$261,071--$261,071
Occupancy$5,589$132,696$0$138,285
Other Employee Benefits$0$77,812$0$77,812
Payroll Taxes$3,252$71,806$0$75,058
Advertising$30,616$0$0$30,616
Other Expenses$21$27,504$0$27,525
Travel$1,541$21,025$0$22,566
Information Technology$157$15,210$0$15,367
Office Expenses$172$14,369$0$14,541
Depreciation Depletion$0$12,811$0$12,811
Insurance$0$10,173$0$10,173
Interest$0$6,531$0$6,531
Total Functional Expenses$2,364,972$1,003,797$0$3,368,769
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
CanyonMoscow, TN-10000-
Episcopal Diocese of West TNMemphis, TN-12500-
Hdh LLCLos Angeles, CA-25000-
Nine Yoga One LLCMemphis, TN-10000-
St Marys Episcopal ChurchMemphis, TN-12500-
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
Backup withholding compliance
Yes
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
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Mdcdc Inc
EIN
81-0729268
Phone
9015524781
Address
656 Madison Avenue, Memphis, TN 38103
Doing Business As
Memphis Medical District Collaborative

Signing Officer

Name
Rory Thomas
Title
President
Phone
9015524781
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rory Thomas
Formed
2015
Legal Domicile
Tn
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Banks Finley White & Co
Address
617 37TH STREET SOUTH, BIRMINGHAM, AL 35222
Preparer
Christopher Hearn
Phone
9012746702
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Reviewed at board meeting”

Pt VI, Line 12C

“Provided in employee hand book”

Pt VI, Line 15A

“Salaries approved by board”

Pt VI, Line 15B

“Approved by board”

Pt VI, Line 2

“...”

Form 990, Part IX, Line 24E

“Professional Fees 70313. 43525. 26788. 0.”

Form 990, Part IX, Line 24E

“Postage 1827. 987. 840. 0.”

Form 990, Part IX, Line 24E

“Equipment purchase & maintance 13206. 0. 13206. 0.”

Form 990, Part IX, Line 24E

“Printing & copying 13121. 13121. 0. 0.”

Form 990, Part IX, Line 24E

“Office subscriptions 35671. 6542. 29129. 0.”

Form 990, Part IX, Line 24E

“Website 13502. 9800. 3702. 0.”

Form 990, Part IX, Line 24E

“Security 443. 0. 443. 0.”

Form 990, Part IX, Line 24E

“Office cleaning 2440. 0. 2440. 0.”

Form 990, Part IX, Line 24E

“Food & beverage 21632. 9392. 12240. 0.”

Form 990, Part IX, Line 24E

“Event expense 88654. 88654. 0. 0.”

Form 990, Part IX, Line 24E

“Marketing 0. 0. 0. 0.”

Form 990, Part IX, Line 24E

“Program supplies & materials 221431. 221431. 0. 0.”

Form 990, Part IX, Line 24E

“Membership dues & sponsorship 4390. 0. 4390. 0.”

Form 990, Part IX, Line 24E

“Bank fees 844. 0. 844. 0.”

Financial Statement Notes

Pt IV, Line 2B

“The organization serves as the fiscal agent for the live local program along with four other organizations. The organization will administer funds for this program in a fuduciary capacity for the benefit of the other organizations. The agreements provided for funds up to $290,000. As of December 31, 2022, $213,000 was paid in accordance with the the terms of the agreement and an additional $77,000 in funding was available as of December 31, 2022. The live local program provides loans for qualified students or employees of participating organizations for the purchase, rental or renovation of homes in the medical district. The loans are forgivable over a five year period and if funds are not used for the purpose, they must be returned to the participating organizations.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Vice President, Custodian of Contributions, Custodian of Final Distributions
IRS990/Form990PartVIISectionAGrp/TitleTxt2Director
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt4Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt5Director
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt10Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Director
IRS990/Form990PartVIISectionAGrp/TitleTxt15Director
IRS990/Form990PartVIISectionAGrp/TitleTxt16Director
IRS990/Form990PartVIISectionAGrp/TitleTxt17Vice President, Real Estate
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IRS990/FormationYr02015
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
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IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The Memphis Medical District Collaborative (MDCDC) is a community development organization.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OfficeExpensesGrp/ProgramServicesAmt0172
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IRS990/OperateHospitalInd0false
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IRS990/OtherExpensesGrp/Desc1Workers Compensation
IRS990/OtherExpensesGrp/Desc2HR Processing & Mgmt fees
IRS990/OtherExpensesGrp/Desc3Employee Enrichment
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt327504
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IRS990/OtherExpensesGrp/ProgramServicesAmt321
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IRS990/OtherExpensesGrp/TotalAmt12124
IRS990/OtherExpensesGrp/TotalAmt27903
IRS990/OtherExpensesGrp/TotalAmt327525
IRS990/OtherRevenueMiscGrp/BusinessCd0999999
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYExcessBenefitTransInd0false
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IRS990/PYInvestmentIncomeAmt06306
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IRS990/PYSalariesCompEmpBnftPaidAmt01087545
IRS990/PYTotalExpensesAmt03108374
IRS990/PYTotalRevenueAmt02381533
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-392979
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0true
IRS990/RevenueAmt02381533
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06400
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Miscellaneous 2019: 3729. 2020: 10592. 2021: 5054. Description: Joint Venture Income/(loss) 2020: -13422. 2021: 3276. Description: Business Consulting 2021: 25000.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Pt II Ln 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02785063
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt02366226
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt05413969
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03341466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03882335
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt017789059
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0175527

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,674,436
Liabilities
$1,374,710
Net assets
$4,299,726
Revenue
$2,975,790
Expenses
$3,368,769
Net income
-$392,979
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$5.17$1.28$3.89$2.89$3.32$0.43
2023Detailed filing. Detailed filing data is available for this year.$5.67$1.37$4.30$2.98$3.37$0.39
2022Detailed filing. Detailed filing data is available for this year.$5.39$0.76$4.63$2.38$3.11$0.73
2021Detailed filing. Detailed filing data is available for this year.$5.70$0.45$5.25$5.49$2.33$3.15
2020Detailed filing. Detailed filing data is available for this year.$2.49$0.38$2.11$3.34$4.24$0.90
2019Detailed filing. Detailed filing data is available for this year.$3.72$0.72$3.01$3.90$3.67$0.24
2018Detailed filing. Detailed filing data is available for this year.$3.94$1.17$2.77$4.21$3.32$0.90
2017Detailed filing. Detailed filing data is available for this year.$2.28$0.40$1.87$3.68$3.17$0.52
2016Detailed filing. Detailed filing data is available for this year.$1.95$0.59$1.36$3.40$1.92$1.48