Civic Intelligence

MDCDC Inc DBA

990 • Fiscal year 2021 • EIN 81-0729268

Jan 01, 2021 to Dec 31, 2021 • Filed on May 13, 2022

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

42nd percentile

0.08x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

35th percentile

0.08x

Higher debt load relative to revenue than 35% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

89th percentile

57%

Higher net margin than 89% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

51st percentile

$121,758

Higher top officer pay than 51% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

96th percentile

129%

Faster asset growth than 96% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

82nd percentile

64%

Faster revenue growth than 82% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Up

$5,697,322

Up $3,208,794 (+129%) from 2020

Net Assets

Up

$5,251,323

Up $3,142,389 (+149%) from 2020

Liabilities

Up

$445,999

Up $66,405 (+17%) from 2020

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin89th percentile

Revenue

Up

$5,485,350

Up $2,143,618 (+64%) from 2020

Expenses

Down

$2,331,785

Down $1,908,254 (-45%) from 2020

Net Income

Up

$3,153,565

Up $4,051,872 (+451%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth96th 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

2021

Assets$5,697,322
Liabilities$445,999
Net Assets$5,251,323
Open 2021 Filing

Operations Trend

Revenue Growth82nd 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

2021

Revenue$5,485,350
Expenses$2,331,785
Net Income$3,153,565
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 13, 2022
Return Version
2021v4.1
Gross Receipts
$5,485,350
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
Pledges and Grants Receivable$180,877$3,081,281▲ $2,900,404
Cash and Non-Interest-Bearing Accounts$1,313,677$2,185,257▲ $871,580
Savings and Temporary Cash Investments$621,195--
Investments Other Securities$236,578$233,302▼ $3,276
Prepaid Expenses and Deferred Charges$6,750$91,000▲ $84,250
Other Notes and Loans Receivable, Net$100,000$75,000▼ $25,000
Land, Buildings, and Equipment, Net$23,051$14,222▼ $8,829
Total Assets$2,488,528$5,697,322▲ $3,208,794
Other Assets Total$6,400$17,260▲ $10,860
Liabilities
Unsecured Notes Loans Payable-$191,837-
Escrow Account Liability$118,500$91,000▼ $27,500
Accounts Payable and Accrued Expenses$173,829$83,162▼ $90,667
Deferred Revenue$87,265$80,000▼ $7,265
Total Liabilities$379,594$445,999▲ $66,405
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,958,934$5,101,323▲ $3,142,389
Net Assets With Donor Restrictions$150,000$150,000→ $0
Total Net Assets Fund Balance$2,108,934$5,251,323▲ $3,142,389
Total Liabilities and Net Assets / Fund Balance$2,488,528$5,697,322▲ $3,208,794

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$0$0
Other Land Buildings$0$0$0
Land$0-$0
Equipment$14,222--
Leasehold Improvements$0$0$0
Financial Derivatives$233,302--
Compensation and Service Providers
Top Officer Pay51st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ben Schulman--$105,000$20,844$125,844
Abigail Sheridan--$121,758$2,444$124,202
Abby SheridanCOOFT$121,758-$121,758
Ben SchulmanDirector of Real EstateFT$121,000-$121,000
Rory Thomas--$85,600$564$86,164
Rory ThomasPresidentFT$85,600-$85,600

Board Members and Trustees

NameTitle
Dr Reginald CoopwoodChairman
Dr Michael UgwuekeVice - Chair
Dr Tracy HallDirector
Mr Doug McGowenDirector
Mr Paul YoungDirector
Mr Pitt HydeDirector
Mr Richard Shadyac JrDirector
Mr Sammie RiarDirector
Mr Scott BlakeDirector
Dr Lewis ReichEx-Officio
Dr Betty Sue McGarveyTreasurer/Secretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Mydatt Services Inc DBA Block by BlockDistrict Ambassadors7135 Charlotte Pike Suite 100, Nashville, TN 37209-0000$507,772
U3 AdvisorsConsulting Services1735 Market Suite a-443, Philadelphia, PA 19103-0000$291,338
Revenue and Support

Revenue Composition

Contributions and Grants
$5,488,626
Program Service Revenue
$0
Investment Income
$-3,276
Other Revenue
$0
All Other Contributions
$4,158,924
Change in Net Assets
$3,153,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,491,902
Total Revenue per Audited Statements
$5,491,902
Total Revenue per Form 990
$5,491,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,404,312
Salaries, Compensation, and Employee Benefits$797,881
Grants and Similar Amounts Paid$129,592
Total Fundraising Expense$99,236
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$1,152,356$5,311$0$1,157,667
Other Salaries and Wages$330,603$39,984$41,176$411,763
Current Officers, Directors, Trustees, and Key Employees$187,489$108,034$32,835$328,358
Grants to Domestic Orgs$129,592--$129,592
Occupancy$54,108$15,549$7,730$77,387
Fees for Services Accounting$33,348$33,348$0$66,696
Other Employee Benefits$40,432$8,664$8,664$57,760
Information Technology$7,920$7,920$0$15,840
Fees for Services Legal$6,488$6,488$0$12,976
Office Expenses$0$11,549$0$11,549
Travel$0$9,774$0$9,774
Other Expenses$7,746$1,936$0$9,682
Depreciation Depletion$0$0$8,831$8,831
Advertising$7,439$827$0$8,266
Insurance$1,288$3,005$0$4,293
Total Functional Expenses$1,958,809$273,740$99,236$2,331,785

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,331,695
Total Expenses per Audited Statements$2,331,695
Total Expenses per Form 990$2,331,695
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
BH Partners LLCNashville, TN-RE/Improvement$15,000
Betty J Chester TamayoMemphis, TN-Real Estate/Improvement$10,000
Colar VenturesLLC dba InkwellMemphis, TN-Real Estate/Improvement$10,000
Room at the Inn MemphisMemphis, TN-RE/ Improvement$10,000
1056 Poplar Ave Apartments LLCMemphis, TN-RE/ Improvement$5,001
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
2022-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rory Thomas
Formed
2015
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
10
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

“Postage 1379. 0. 1379. 0.”

Form 990, Part IX, Line 24E

“Printing & copying 7084. 3542. 3542. 0.”

Form 990, Part IX, Line 24E

“Program 1146488. 1146488. 0. 0.”

Form 990, Part IX, Line 24E

“Repairs & maintenance 2326. 2326. 0. 0.”

Form 990, Part IX, Line 24E

“Security 390. 0. 390. 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, 2021, $199,000 was paid in accordance with the the terms of the agreement and an additional $91,000 in funding was available as of December 31, 2021. 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/TitleTxt2Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt3Treasurer/Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Vice - Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt5Ex-Officio
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
IRS990/Form990PartVIISectionAGrp/TitleTxt9Director
IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
IRS990/Form990PartVIISectionAGrp/TitleTxt12Director
IRS990/Form990PartVIISectionAGrp/TitleTxt13Director of Real Estate
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IRS990/LandBldgEquipCostOrOtherBssAmt014222
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IRS990/LocalChaptersInd0false
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IRS990/MissionDesc0The 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.
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IRS990/OccupancyGrp/ProgramServicesAmt054108
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IRS990/OfficeExpensesGrp/ProgramServicesAmt00
IRS990/OfficeExpensesGrp/TotalAmt011549
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08664
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt040432
IRS990/OtherEmployeeBenefitsGrp/TotalAmt057760
IRS990/OtherExpensesGrp/Desc0Dues & subscriptions
IRS990/OtherExpensesGrp/Desc1Miscellaneous
IRS990/OtherExpensesGrp/Desc2Payroll processing fees
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IRS990/OtherExpensesGrp/FundraisingAmt10
IRS990/OtherExpensesGrp/FundraisingAmt20
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt019115
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12236
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21936
IRS990/OtherExpensesGrp/ProgramServicesAmt00
IRS990/OtherExpensesGrp/ProgramServicesAmt10
IRS990/OtherExpensesGrp/ProgramServicesAmt27746
IRS990/OtherExpensesGrp/TotalAmt019115
IRS990/OtherExpensesGrp/TotalAmt12236
IRS990/OtherExpensesGrp/TotalAmt29682
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IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039984
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0330603
IRS990/OtherSalariesAndWagesGrp/TotalAmt0411763
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0100000
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt075000
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0180877
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03081281
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06750
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt091000
IRS990/PrincipalOfficerNm0Rory Thomas
IRS990/PriorPeriodAdjustmentsAmt0-11268
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt03341466
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0367200
IRS990/PYInvestmentIncomeAmt03096
IRS990/PYOtherExpensesAmt02772150
IRS990/PYOtherRevenueAmt0-2830
IRS990/PYRevenuesLessExpensesAmt0-898307
IRS990/PYSalariesCompEmpBnftPaidAmt01100689
IRS990/PYTotalExpensesAmt04240039
IRS990/PYTotalRevenueAmt03341732
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt03153565
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt05491902
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0621195
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0Other Income Part II, Line 10 Description: Miscellaneous 2017: 2115. 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
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03341466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03882335
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04203946
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03659015
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0933
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt018907
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010477
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt022982
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt056395
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt033330
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0-2830
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt03729
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02115
IRS990ScheduleA/OtherIncome170Grp/TotalAmt036344
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt05076757
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05413969
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03659015
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IRS990ScheduleA/TotalSupportAmt020593470
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BeginningBalanceAmt0118500
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt00
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt00
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DistributionsDuringYearAmt027500
IRS990ScheduleD/DonatedServicesUseFcltsAmt00
IRS990ScheduleD/EndingBalanceAmt091000

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,697,322
Liabilities
$445,999
Net assets
$5,251,323
Revenue
$5,485,350
Expenses
$2,331,785
Net income
$3,153,565
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