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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star rating)
Mdcdc Inc has achieved a high level of accountability and financial health, reflected in its impressive 96% rating from Charity Navigator. The organization boasts a fully independent board, strong oversight measures, and no indicators of material asset diversion. Its financial statements and policies, including a whistleblower and conflict of interest policy, are fully compliant, emphasizing transparency and governance.
While the organization excels in many financial metrics, it faces a notable challenge in fundraising efficiency, with a reported ratio of $0.01. This suggests that the organization may need to improve its fundraising strategies to ensure sustainability. Despite this limitation, the program expense ratio is strong at 76.04%, indicating that a significant portion of its budget is directed toward its mission-related activities.
Overall, Mdcdc Inc demonstrates a commitment to high standards of accountability and financial management, which are crucial for nonprofit organizations. With its strong governance and programmatic focus, the nonprofit is well-positioned to continue making an impact, although enhancing fundraising efficiency could bolster its overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Mdcdc Inc?
88% of six reviewers on Facebook recommend Mdcdc Inc. Here is a summary of their reviews: The sentiment toward the organization is notably positive, with a strong endorsement from one of the founding board members who highlights the impactful leadership of Tommy Pacello. Reviewers express a sense of pride and commitment to the nonprofit's mission and its role as a positive influence in the community.
The feedback reflects a shared belief in the organization's objectives and its effectiveness in making a difference in The Edge, Downtown, and Memphis overall. Although there are only a few reviews, the supportive comments suggest that Mdcdc Inc. is well-regarded and plays a vital role in local development and community support.
This AI summary has been generated from reviews found on Facebook.
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.
Heare 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:
- Compensation: $162,500
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- Other: $8,580
- Compensation: $137,250
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- Other: $17,848
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- Compensation: $124,375
- Related: $0
- Other: $19,796
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.mdcollaborative.org
Where can I find the form 990 for Mdcdc Inc?
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.
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Impact
July, 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.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,306
- Gross Receipts: $2,381,533
Assets and Liabilities:
- Total Assets: $5,392,260
- Total Liabilities: $762,167
- Net Assets: $4,630,093
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Organization Details
Founding Year
2015
Phone
(901) 552-4781Principal Officer
Rory Thomas
Main Address
656 Madison Avenue, Memphis, TN, 38103
Website
www.mdcollaborative.orgNTEE Category
Code: S30 - Community improvement
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