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Mdcdc Inc

Memphis Medical District Collaborative

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 810729268 ✦ Memphis, TN ✦ Designated as a 501(c)(3)

Overview

What is Mdcdc Inc?

Mdcdc Inc, formally known as the Memphis Medical District Collaborative, is a community development organization based in Memphis, Tennessee. Situated at 656 Madison Avenue, this nonprofit aims to enhance the vibrancy, prosperity, and equity of the Memphis Medical District and its surrounding areas. They accomplish this through various initiatives such as real estate development, economic growth, business attraction, job creation, enhancement of safety and security, cleaning and landscaping, marketing, and collaboration among local institutions, organizations, government entities, businesses, and residents. Their efforts have benefited over 33,000 individuals, including employees, students, residents, and businesses.


Official website here: www.mdcollaborative.org

Is Mdcdc Inc legitimate?

Mdcdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mdcdc Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $981,714

For more financial information, click here


Official website here: www.mdcollaborative.org

What is the mission statement of Mdcdc Inc?

The Memphis Medical District Collaborative (MDCDC), functioning as a community development organization, aims to enhance the vitality, prosperity, and equity of its community. The organization's primary objective is to revitalize the Memphis Medical District and its surrounding areas through strategic initiatives such as real estate development, economic growth, business attraction, job creation, improved safety and security, and targeted marketing. By collaborating with various institutions, organizations, government entities, businesses, and residents, MDCDC seeks to create a more cohesive and thriving community, benefiting approximately 33,000 individuals, including employees, students, residents, and businesses.


Official website here: www.mdcollaborative.org

Who is the CEO of Mdcdc Inc?

Rory Thomas is the President of Mdcdc Inc.


Official website here: www.mdcollaborative.org

What is the revenue of Mdcdc Inc?

Mdcdc Inc's revenue in 2022 was $2,381,533.


Official website here: www.mdcollaborative.org

Who are the executives of Mdcdc Inc and what are their salaries?

The average compensation at Mdcdc Inc during 2022 was $75,516. There are 13 employees at Mdcdc Inc.

Here are 16 key members and their salaries:

    Rory Thomas (President) [Trustee/Director]
  • Compensation: $162,500
  • Related: $0
  • Other: $8,580

    • Abigail Sheridan (Vice President, Coo)
  • Compensation: $137,250
  • Related: $0
  • Other: $17,848

    • Ben Schulman (Vice President, Real Estate)
  • Compensation: $124,375
  • Related: $0
  • Other: $19,796

    • Dr Reginald Coopwood (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Betty Sue Mcgarvey (Treasurer/Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Michael Ugwueke (Vice - Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Lewis Reich (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Scott Blake (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Paul Young (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Tracy Hall (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Pitt Hyde (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Doug Mcgowen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Sammie Riar (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mr Richard Shadyac Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Kennard Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dr Michelle Taylor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mdcollaborative.org

    Where can I find the form 990 for Mdcdc Inc?

    The Mdcdc Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.mdcollaborative.org

    Learn more at the official website: www.mdcollaborative.org

    Mission Statement of Mdcdc Inc

    Mdcdc Inc, as a community development organization, is committed to enhancing the vibrancy, prosperity, and equity of the Memphis Medical District and its surrounding areas. Its mission lies in revitalizing this district through various initiatives, including real estate development, economic development, business attraction, job growth, and the enhancement of safety and security. The organization also focuses on cleaning and landscaping, marketing, and coordination among area institutions, organizations, government entities, businesses, and residents. Mdcdc Inc's efforts have benefited over 33,000 employees, students, residents, and businesses, contributing to the overall improvement and growth of the district.

    Impact

    This information is meant to be a general summary of Mdcdc Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Mdcdc Inc, through its Memphis Medical District Collaborative (MDCDC) initiative, has significantly impacted the Memphis Medical District and surrounding areas. By focusing on community development, revitalization, real estate development, economic growth, business attraction, job creation, safety enhancement, cleaning, landscaping, marketing, and collaboration among various stakeholders, Mdcdc Inc has played a crucial role in making the Memphis Medical District more vibrant, prosperous, and equitable. The organization has directly benefited 33,058 employees, students, residents, and businesses in the area, contributing to the overall improvement of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $6,306
  • Program Service Revenue: $0
  • Gross Receipts: $2,381,533

    • Assets and Liabilities:
  • Total Assets: $5,392,260
  • Total Liabilities: $762,167
  • Net Assets: $4,630,093
  • Organization Details

    Founding Year

    2015

    Principal Officer

    Rory Thomas

    Main Address

    656 Madison Avenue, Memphis, TN, 38103

    NTEE Category

    Code: S30 - Community improvement

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