Civic Intelligence

MDCDC Inc DBA

990 • Fiscal year 2017 • EIN 81-0729268

Jan 01, 2017 to Dec 31, 2017 • Filed on Aug 29, 2018

Organization ProfileWWW.MDCOLLABORATIVE.ORG
656 Madison AvenueMemphis, TN 38103

(901) 866-1464

Siviq Scores

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

Liabilities / Assets

61st percentile

0.18x

Higher debt load relative to assets than 61% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

52nd percentile

0.11x

Higher debt load relative to revenue than 52% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

77th percentile

17%

Faster asset growth than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

59th percentile

8.4%

Faster revenue growth than 59% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets61st percentile

Assets

Up

$2,275,075

Up $322,485 (+17%) from 2016

Net Assets

Up

$1,874,933

Up $515,792 (+38%) from 2016

Liabilities

Down

$400,142

Down $193,307 (-33%) from 2016

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin72nd percentile

Revenue

Up

$3,684,112

Up $284,416 (+8.4%) from 2016

Expenses

Up

$3,168,320

Up $1,247,859 (+65%) from 2016

Net Income

Down

$515,792

Down $963,443 (-65%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth77th 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

2017

Assets$2,275,075
Liabilities$400,142
Net Assets$1,874,933
Open 2017 Filing

Operations Trend

Revenue Growth59th 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

2017

Revenue$3,684,112
Expenses$3,168,320
Net Income$515,792
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 29, 2018
Return Version
2017v2.3
Gross Receipts
$3,684,112
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 organization's purpose is to make the memphis medical district more livable, economically prosperous, clean and safe.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,666,926$1,401,694▼ $265,232
Pledges and Grants Receivable$235,717$828,788▲ $593,071
Land, Buildings, and Equipment, Net$40,347$28,993▼ $11,354
Prepaid Expenses and Deferred Charges$3,200$3,200→ $0
Total Assets$1,952,590$2,275,075▲ $322,485
Other Assets Total$6,400$12,400▲ $6,000
Liabilities
Escrow Account Liability$280,000$218,500▼ $61,500
Accounts Payable and Accrued Expenses$307,266$104,481▼ $202,785
Deferred Revenue-$73,542-
Other Liabilities$6,183$3,619▼ $2,564
Total Liabilities$593,449$400,142▼ $193,307
Net Assets / Fund Balance
Unrestricted Net Assets$1,088,424$1,046,145▼ $42,279
Temporarily Rstr Net Assets$270,717$828,788▲ $558,071
Total Net Assets Fund Balance$1,359,141$1,874,933▲ $515,792
Total Liabilities and Net Assets / Fund Balance$1,952,590$2,275,075▲ $322,485

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$28,993$19,281$48,274
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas PacelloPresidentFT$133,877$22,020$155,897
Abby MillerVice PresidentFT$102,222$16,015$118,237

Board Members and Trustees

NameTitle
Dr Kennard BrownChairman
Dr Lewis ReichVice Chairman
Dr Reginald CoopwoodDirector
Dr Steve BaresDirector
Dr Tracy HallDirector
Mr Doug McgowenDirector
Mr Michael UgwuekeDirector
Mr Mike ToddDirector
Mr Pitt HydeDirector
Mr Scott BlakeDirector
Mr Terence PattersonDirector
Richard Shadyac JrDirector
Dr Betty Sue McgarveySec/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Montgomery Martin Contractors LLCStreetscape Work8245 TOURNAMENT DRIVE SUITE 300, Memphis, TN 38125$524,871
U3 AdvisorsConsulting Services1735 MARKET ST SUITE A-443, Philadelphia, PA 19103$482,348
Block By BlockDistrict AmbassadorPO BOX 643873, Cincinnati, OH 45264$382,749
Doug Carpenter & AssociatesBranding & Marketing11 W HULING AVENUE, Memphis, TN 38103$129,359
Revenue and Support

Revenue Composition

Contributions and Grants
$3,659,015
Program Service Revenue
$0
Investment Income
$918
Other Revenue
$24,179
All Other Contributions
$3,659,015
Change in Net Assets
$515,792

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,684,112
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$93,750
Total Revenue per Audited Statements
$3,777,862
Total Revenue per Form 990
$3,684,112
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,207,560
Salaries, Compensation, and Employee Benefits$612,804
Grants and Similar Amounts Paid$347,956
Total Fundraising Expense$28,999
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$562,927--$562,927
Grants to Domestic Orgs$287,175--$287,175
Comp Disqual Persons$218,644$25,264$25,264$269,172
Current Officers, Directors, Trustees, and Key Employees$236,099--$236,099
Advertising$152,806$16,978-$169,784
Conferences and Meetings$54,387$36,258-$90,645
Other Employee Benefits$65,597$3,644$3,644$72,885
Grants to Domestic Individuals$60,781--$60,781
Fees for Services Accounting$39,641$16,989-$56,630
Office Expenses$28,702$19,683$91$48,476
Occupancy$4,980$32,570-$37,550
Payroll Taxes$31,183$3,465-$34,648
All Other Expenses$2,780$11,630-$14,410
Depreciation Depletion-$11,354-$11,354
Travel$5,350$3,567-$8,917
Other Expenses$6,225$692-$6,917
Insurance$3,381$1,449-$4,830
Interest-$3,703-$3,703
Total Functional Expenses$2,950,212$189,109$28,999$3,168,320

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,262,070
Expenses per Audited Statements$3,168,320
Total Expenses per Form 990$3,168,320
Expenses Not Reported on Form 990$93,750
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Memphis Bioworks FoundationMemphis, TN-Bridge Funding$112,000
Edge Alley LLCMemphis, TN-Community & Economic Development$30,000
Segue Medical Solutions LLCMemphis, TN-Program Support$20,000
Unistar-sparco ComputersMillington, TN-Buy Local$20,000
The Hospitality Hub of MemphisMemphis, TN-CLEAN AND SAFE STREETS: ENVIRONMENTAL$11,700
Shab Chic MarketplaceCordova, TN-Retail Incubator$8,775
Victorian Village IncMemphis, TN-Community Building$5,075
Building MemphisMemphis, TN-Place Making$5,000
Dt AssociatesMemphis, TN-Programming$5,000
Hattiloo TheatreMemphis, TN-Programming$5,000
Home-based Business Chamber of CommerceMemphis, TN-Economic Development$5,000
Iris OrchestraGermantown, TN-Place Making$5,000
Mt Olive Cathedral CmeMemphis, TN-Real Estate Pre-development$5,000
Self Tucker Properties LLCMemphis, TN-Real Estate Pre-development$5,000
Urbanart CommissionMemphis, TN-Place Making$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Lease Obligations$3,619
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 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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“As health and health-education organizations within the medical district, anchor partners may establish partnerships and/or joint ventures together outside of the work of mmdc.”

Form 990, Part VI, Section A, Line 7A

“Anchor institutions as defined in the bylaws can designate a board member to represent the institution.”

Form 990, Part VI, Section A, Line 7A

“Anchor institutions as defined in the bylaws can disignate a board member to represent the insitution.”

Form 990, Part VI, Section B, Line 11B

“The form 990 will be made available to the board for their review.”

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

“Any significant matters, including contracts and business dealings, are disclosed to all of the members of the board of directors during their regular meetings.”

Form 990, Part VI, Section B, Line 15

“Compensation is determined by independent board members”

Form 990, Part VI, Section C, Line 19

“UPON REQUEST”

Filing and Contact Details

Filer

Filer Name
Mdcdc Inc Dba
EIN
81-0729268
Phone
9018661464
Address
656 MADISON AVENUE, MEMPHIS, TN 38103

Signing Officer

Name
Thomas Pacello
Title
President
Phone
9017302521
Signed
2018-08-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Pacello
Formed
2015
Legal Domicile
Tn
Voting Board Members
14
Independent Board Members
14
Employees
8
Volunteers
250

Preparer

Firm
Cbiz Mhm LLC
Address
5100 POPLAR AVENUE THIRTIETH FLOOR, MEMPHIS, TN 38137
Preparer
Kathy Pennella
Phone
9016855575
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract design services: program service expenses 128,123. Management and general expenses 0. Fundraising expenses 0. Total expenses 128,123. Professional fees: program service expenses 434,804. Management and general expenses 0. Fundraising expenses 0. Total expenses 434,804.”

Financial Statement Notes

PART 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 fiduciary capacity for the benefit of the other organizations. The agreements provided for funds up to $290,000. As of december 31, 2017, $61,500 was paid in accordance with the terms of the agreement and an additional $218,500 in funding was available as of december 31, 2017. During the year ended december 31, 2016, the organization received cash totaling $290,000 and expended $10,000 related to this program. 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”

Raw XML AppendixShowing 400 of 656 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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IRS990/Form990PartVIISectionAGrp/PersonNm11MR MIKE TODD
IRS990/Form990PartVIISectionAGrp/PersonNm12MR MICHAEL UGWUEKE
IRS990/Form990PartVIISectionAGrp/PersonNm13ABBY MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm14THOMAS PACELLO
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/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13102222
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14133877
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/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt0347956
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt060781
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt060781
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0287175
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0287175
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03684112
IRS990/GrossRentsGrp/RealAmt022064
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt01449
IRS990/InsuranceGrp/ProgramServicesAmt03381
IRS990/InsuranceGrp/TotalAmt04830
IRS990/InterestGrp/ManagementAndGeneralAmt03703
IRS990/InterestGrp/TotalAmt03703
IRS990/InvestmentIncomeGrp/ExclusionAmt0918
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0918
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt085
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt019281
IRS990/LandBldgEquipBasisNetGrp/BOYAmt040347
IRS990/LandBldgEquipBasisNetGrp/EOYAmt028993
IRS990/LandBldgEquipCostOrOtherBssAmt048274
IRS990/LegalDomicileStateCd0TN
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION'S PURPOSE IS TO MAKE THE MEMPHIS MEDICAL DISTRICT MORE LIVABLE, ECONOMICALLY PROSPEROUS, CLEAN AND SAFE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01359141
IRS990/NetAssetsOrFundBalancesEOYAmt01874933
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt022064
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt022064
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt032570
IRS990/OccupancyGrp/ProgramServicesAmt04980
IRS990/OccupancyGrp/TotalAmt037550
IRS990/OfficeExpensesGrp/FundraisingAmt091
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt019683
IRS990/OfficeExpensesGrp/ProgramServicesAmt028702
IRS990/OfficeExpensesGrp/TotalAmt048476
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06400
IRS990/OtherAssetsTotalGrp/EOYAmt012400
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt03644
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt03644
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt065597
IRS990/OtherEmployeeBenefitsGrp/TotalAmt072885
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1CONTRACT LABOR
IRS990/OtherExpensesGrp/Desc2EVENT EXPENSE
IRS990/OtherExpensesGrp/Desc3MISC
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01863
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1692
IRS990/OtherExpensesGrp/ProgramServicesAmt01160858
IRS990/OtherExpensesGrp/ProgramServicesAmt116770
IRS990/OtherExpensesGrp/ProgramServicesAmt211926
IRS990/OtherExpensesGrp/ProgramServicesAmt36225
IRS990/OtherExpensesGrp/TotalAmt01160858
IRS990/OtherExpensesGrp/TotalAmt118633
IRS990/OtherExpensesGrp/TotalAmt211926
IRS990/OtherExpensesGrp/TotalAmt36917
IRS990/OtherLiabilitiesGrp/BOYAmt06183
IRS990/OtherLiabilitiesGrp/EOYAmt03619
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISC REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt02115
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02115
IRS990/OtherRevenueTotalAmt02115
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03465
IRS990/PayrollTaxesGrp/ProgramServicesAmt031183
IRS990/PayrollTaxesGrp/TotalAmt034648
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0235717
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0828788
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03200
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03200
IRS990/PrincipalOfficerNm0THOMAS PACELLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03399562
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt053788
IRS990/PYInvestmentIncomeAmt0134
IRS990/PYOtherExpensesAmt01519099
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01479235
IRS990/PYSalariesCompEmpBnftPaidAmt0347574
IRS990/PYTotalExpensesAmt01920461
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03399696
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0515792
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt022064
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt03659015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03399562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07058577
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt022982
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0134
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023116
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt02115
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02115
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01747657
IRS990ScheduleA/SubstantialContributorsTotAmt05310920
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03659015
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03399562
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07058577
IRS990ScheduleA/TotalSupportAmt07083808
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt0280000
IRS990ScheduleD/DistributionsDuringYearAmt061500
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt093750
IRS990ScheduleD/DonatedServicesUseFcltsAmt093750
IRS990ScheduleD/EndingBalanceAmt0218500
IRS990ScheduleD/EquipmentGrp/BookValueAmt028993
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019281
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt048274
IRS990ScheduleD/ExpensesNotReportedAmt093750
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03168320
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03619
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATIONS
IRS990ScheduleD/RevenueNotReportedAmt093750
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03684112
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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 FIDUCIARY CAPACITY FOR THE BENEFIT OF THE OTHER ORGANIZATIONS. THE AGREEMENTS PROVIDED FOR FUNDS UP TO $290,000. AS OF DECEMBER 31, 2017, $61,500 WAS PAID IN ACCORDANCE WITH THE TERMS OF THE AGREEMENT AND AN ADDITIONAL $218,500 IN FUNDING WAS AVAILABLE AS OF DECEMBER 31, 2017. DURING THE YEAR ENDED DECEMBER 31, 2016, THE ORGANIZATION RECEIVED CASH TOTALING $290,000 AND EXPENDED $10,000 RELATED TO THIS PROGRAM. 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
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt028993
IRS990ScheduleD/TotalExpensesPerForm990Amt03168320

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,275,075
Liabilities
$400,142
Net assets
$1,874,933
Revenue
$3,684,112
Expenses
$3,168,320
Net income
$515,792
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