Civic Intelligence

MDCDC Inc DBA

990 • Fiscal year 2018 • EIN 81-0729268

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 12, 2019

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

71st percentile

0.30x

Higher debt load relative to assets than 71% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

70th percentile

0.28x

Higher debt load relative to revenue than 70% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

79th percentile

21%

Higher net margin than 79% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

84th percentile

$151,312

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

94th percentile

73%

Faster asset growth than 94% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

69th percentile

14%

Faster revenue growth than 69% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets71st percentile

Assets

Up

$3,942,579

Up $1,667,504 (+73%) from 2017

Net Assets

Up

$2,771,186

Up $896,253 (+48%) from 2017

Liabilities

Up

$1,171,393

Up $771,251 (+193%) from 2017

Revenue And Expenses
Liabilities / Revenue70th percentileNet Margin79th percentile

Revenue

Up

$4,214,423

Up $530,311 (+14%) from 2017

Expenses

Up

$3,318,170

Up $149,850 (+4.7%) from 2017

Net Income

Up

$896,253

Up $380,461 (+74%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth94th 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

2018

Assets$3,942,579
Liabilities$1,171,393
Net Assets$2,771,186
Open 2018 Filing

Operations Trend

Revenue Growth69th 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

2018

Revenue$4,214,423
Expenses$3,318,170
Net Income$896,253
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 12, 2019
Return Version
2018v3.1
Gross Receipts
$4,214,423
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
Savings and Temporary Cash Investments$1,333,480$3,744,983▲ $2,411,503
Pledges and Grants Receivable$828,788--
Cash and Non-Interest-Bearing Accounts$68,214$162,895▲ $94,681
Land, Buildings, and Equipment, Net$28,993$17,501▼ $11,492
Prepaid Expenses and Deferred Charges$3,200$4,800▲ $1,600
Total Assets$2,275,075$3,942,579▲ $1,667,504
Other Assets Total$12,400$12,400→ $0
Liabilities
Deferred Revenue$73,542$865,035▲ $791,493
Escrow Account Liability$218,500$185,000▼ $33,500
Accounts Payable and Accrued Expenses$104,481$120,661▲ $16,180
Other Liabilities$3,619$697▼ $2,922
Total Liabilities$400,142$1,171,393▲ $771,251
Net Assets / Fund Balance
Unrestricted Net Assets$1,046,145$2,771,186▲ $1,725,041
Temporarily Rstr Net Assets$828,788$0▼ $828,788
Total Net Assets Fund Balance$1,874,933$2,771,186▲ $896,253
Total Liabilities and Net Assets / Fund Balance$2,275,075$3,942,579▲ $1,667,504

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$17,501$30,773$48,274
Compensation and Service Providers
Top Officer Pay84th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Thomas PacelloPresidentFT$139,050$12,262$151,312
Abby MillerVice PresidentFT$111,355$10,634$121,989

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 Pitt HydeDirector
Mr Scott BlakeDirector
Mr Terence PattersonDirector
Nate MitchellDirector
Richard Shadyac JrDirector
Dr Betty Sue McgarveySec/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Block By BlockDistrict AmbassadorPO BOX 643873, Cincinnati, OH 45264$410,875
U3 AdvisorsConsulting Services1735 MARKET ST SUITE A-443, Philadelphia, PA 19103$315,000
Montgomery Martin Contractors LLCStreetscape Work8245 TOURNAMENT DRIVE SUITE 300, Memphis, TN 38125$301,465
Revenue and Support

Revenue Composition

Contributions and Grants
$4,203,946
Program Service Revenue
$0
Investment Income
$4,747
Other Revenue
$5,730
All Other Contributions
$2,540,500
Change in Net Assets
$896,253

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,214,423
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$137,968
Total Revenue per Audited Statements
$4,352,391
Total Revenue per Form 990
$4,214,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,177,870
Salaries, Compensation, and Employee Benefits$852,369
Grants and Similar Amounts Paid$287,931
Total Fundraising Expense$80,469
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$365,868$73,174$48,782$487,824
Fees for Services Other$345,690--$345,690
Current Officers, Directors, Trustees, and Key Employees$187,804$37,560$25,041$250,405
Grants to Domestic Orgs$192,485--$192,485
Grants to Domestic Individuals$95,446--$95,446
Occupancy$9,360$57,440-$66,800
Other Employee Benefits$53,166$6,646$6,646$66,458
Conferences and Meetings$34,753$17,377-$52,130
Payroll Taxes$38,146$9,536-$47,682
Office Expenses$10,107$22,457-$32,564
Fees for Services Legal$12,082$12,083-$24,165
Fees for Services Accounting$12,068$12,068-$24,136
All Other Expenses$7,830$9,935-$17,765
Advertising$12,841$1,427-$14,268
Depreciation Depletion-$11,492-$11,492
Other Expenses$6,119$9,988-$9,988
Travel$4,590$1,967-$6,557
Insurance-$5,678-$5,678
Interest-$4,026-$4,026
Total Functional Expenses$2,938,729$298,972$80,469$3,318,170

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,456,138
Expenses per Audited Statements$3,318,170
Total Expenses per Form 990$3,318,170
Expenses Not Reported on Form 990$137,968
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Neighborhood PreservationMemphis, TN-Real Estate$32,500
In Our BackyardsBrooklyn, NY-Neighborhood Grants Progam$12,000
Wonder Cowork-createMemphis, TN-Sign Incentive$5,096
High Ground Newsissue Media GorupSaginaw, MI-Neighborhood Coverage for Madison Heights$5,000
Karen Adams DesignsMemphis, TN-Facade Improvement$5,000
Lrk IncMemphis, TN-Pre-development$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$697
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
9015524781
Address
656 MADISON AVENUE, MEMPHIS, TN 38103

Signing Officer

Name
Thomas Pacello
Title
President
Phone
9017302521
Signed
2019-11-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Pacello
Formed
2015
Legal Domicile
Tn
Voting Board Members
12
Independent Board Members
12
Employees
13
Volunteers
200

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 161,658. Management and general expenses 0. Fundraising expenses 0. Total expenses 161,658. Professional fees: program service expenses 184,032. Management and general expenses 0. Fundraising expenses 0. Total expenses 184,032.”

Part XII, Line 2C

“No change from prior year”

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, 2018, $105,000 was paid in accordance with the terms of the agreement and an additional $185,000 in funding was available as of december 31, 2018. 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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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/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13139050
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14111355
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/TitleTxt13PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt14VICE PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02015
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GrantAmt0287931
IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt095446
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt095446
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0192485
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0192485
IRS990/GrantsToIndividualsInd01
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt04214423
IRS990/GrossRentsGrp/RealAmt05730
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt02
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05678
IRS990/InsuranceGrp/TotalAmt05678
IRS990/InterestGrp/ManagementAndGeneralAmt04026
IRS990/InterestGrp/TotalAmt04026
IRS990/InvestmentIncomeGrp/ExclusionAmt04747
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04747
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt092
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt030773
IRS990/LandBldgEquipBasisNetGrp/BOYAmt028993
IRS990/LandBldgEquipBasisNetGrp/EOYAmt017501
IRS990/LandBldgEquipCostOrOtherBssAmt048274
IRS990/LegalDomicileStateCd0TN
IRS990/LessRentalExpensesGrp/RealAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembershipDuesAmt01663446
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MEMPHIS MEDICAL DISTRICT COLLABORATIVE IS A COMMUNITY DEVELOPMENT ORGANIZATION WORKING WITH PARTNERS TO STRENGTHEN THE COMMUNITIES IN THE MEMPHIS MEDICAL DISTRICT SO THAT THEY ARE MORE LIVABLE, VIBRANT, AND SAFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt01874933
IRS990/NetAssetsOrFundBalancesEOYAmt02771186
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt05730
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt05730
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt057440
IRS990/OccupancyGrp/ProgramServicesAmt09360
IRS990/OccupancyGrp/TotalAmt066800
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt022457
IRS990/OfficeExpensesGrp/ProgramServicesAmt010107
IRS990/OfficeExpensesGrp/TotalAmt032564
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt012400
IRS990/OtherAssetsTotalGrp/EOYAmt012400
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt06646
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt06646
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt053166
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066458
IRS990/OtherExpensesGrp/Desc0PROGRAM EXPENSES
IRS990/OtherExpensesGrp/Desc1EVENT EXPENSE
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06118
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt19988
IRS990/OtherExpensesGrp/ProgramServicesAmt01503546
IRS990/OtherExpensesGrp/ProgramServicesAmt146828
IRS990/OtherExpensesGrp/ProgramServicesAmt26119
IRS990/OtherExpensesGrp/TotalAmt01503546
IRS990/OtherExpensesGrp/TotalAmt146828
IRS990/OtherExpensesGrp/TotalAmt212237
IRS990/OtherExpensesGrp/TotalAmt39988
IRS990/OtherLiabilitiesGrp/BOYAmt03619
IRS990/OtherLiabilitiesGrp/EOYAmt0697
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt048782
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt073174
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0365868
IRS990/OtherSalariesAndWagesGrp/TotalAmt0487824
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09536
IRS990/PayrollTaxesGrp/ProgramServicesAmt038146
IRS990/PayrollTaxesGrp/TotalAmt047682
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0828788
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03200
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04800
IRS990/PrincipalOfficerNm0THOMAS PACELLO
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03659015
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0347956
IRS990/PYInvestmentIncomeAmt0918
IRS990/PYOtherExpensesAmt02207560
IRS990/PYOtherRevenueAmt024179
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0515792
IRS990/PYSalariesCompEmpBnftPaidAmt0612804
IRS990/PYTotalExpensesAmt03168320
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03684112
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0896253
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RentalIncomeOrLossGrp/RealAmt05730
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01333480
IRS990/SavingsAndTempCashInvstGrp/EOYAmt03744983
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04203946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03659015
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03399562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt011262523
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt010477
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt022982
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0134
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt033593
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt02115
IRS990ScheduleA/OtherIncome170Grp/TotalAmt02115
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt06707825
IRS990ScheduleA/SubstantialContributorsTotAmt04554698
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04203946
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03659015
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03399562
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt011262523
IRS990ScheduleA/TotalSupportAmt011298231
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BeginningBalanceAmt0218500
IRS990ScheduleD/DistributionsDuringYearAmt033500
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0137968
IRS990ScheduleD/DonatedServicesUseFcltsAmt0137968
IRS990ScheduleD/EndingBalanceAmt0185000
IRS990ScheduleD/ExpensesNotReportedAmt0137968
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03318170
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt017501
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt030773
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt048274
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0697
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL LEASE OBLIGATIONS
IRS990ScheduleD/RevenueNotReportedAmt0137968
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04214423
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, 2018, $105,000 WAS PAID IN ACCORDANCE WITH THE TERMS OF THE AGREEMENT AND AN ADDITIONAL $185,000 IN FUNDING WAS AVAILABLE AS OF DECEMBER 31, 2018. 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/TotalBookValueLandBuildingsAmt017501
IRS990ScheduleD/TotalExpensesPerForm990Amt03318170
IRS990ScheduleD/TotalLiabilityAmt0697
IRS990ScheduleD/TotalRevenuePerForm990Amt04214423
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04352391
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03456138

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Filings

Displayed year

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

Open filing
Assets
$3,942,579
Liabilities
$1,171,393
Net assets
$2,771,186
Revenue
$4,214,423
Expenses
$3,318,170
Net income
$896,253
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