2023-05-16T04:46:25-07:00 2022-12-31 630834690 BANKS FINLEY WHITE & CO 617 37TH STREET SOUTH BIRMINGHAM AL 35222 990 2022-01-01 810729268 MDCDC INC MDCD 9015524781 656 Madison Avenue Memphis TN 38103 Rory Thomas President 9015524781 2023-05-15 true Rory Thomas XXX-XX-XXXX true CHRISTOPHER HEARN P01486564 9012746702 3 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z Memphis Medical District Collaborative Rory Thomas 656 Madison Ave Memphis TN 38103 2381533 false X www.mdcollaborative.org X 2015 TN The Memphis Medical District Collaborative (MDCDC) is a community development organization. 13 13 13 0 0 0 5488626 2366227 0 -3276 6306 9000 5485350 2381533 129592 236079 0 797881 1087545 0 0 1404312 1784750 2331785 3108374 3153565 -726841 5697322 5392260 445999 762167 5251323 4630093 The Memphis Medical District Collaborative (MDCDC) is a community development organization. false false 2375221 603660 2366226 The organization's purpose is to make the Memphis Medical District more vibrant, prosperous, equitable. The organization was formed to provide community development and revitalization of the Memphis Medical District and surrounding areas through real estate development, economic development, business attraction, job grouwth, enchancement of safety and security, cleaning and landscaping, marketing and coordination amoung area institutios, organizations, government enitities business and residents. There were 33,058 employees, students, residents and business benefited. 2375221 true true false false false true false false true false true false true true false false false true false false false false false false false false false true true true false false false false false false false false false false false false true false false false false true 0 0 true 13 true false false false false false false false false false false false false false X 13 13 true false false false false false false true true false false true true true true true true true true true true TN X X Abby Sheridan 9015224781 656 Madison Ave Memphis TN 38103 Rory Thomas President 40.00 X X 162500 0 8580 Abigail Sheridan Vice President, COO 40.00 X 137250 0 17848 Dr Reginald Coopwood Chairman 2.00 X 0 0 0 Dr Betty Sue McGarvey Treasurer/Secretary 2.00 X 0 0 0 Dr Michael Ugwueke Vice - Chair 2.00 X 0 0 0 Dr Lewis Reich Ex-Officio 2.00 X 0 0 0 Mr Scott Blake Director 2.00 X 0 0 0 Mr Paul Young Director 2.00 X 0 0 0 Dr Tracy Hall Director 2.00 X 0 0 0 Mr Pitt Hyde Director 2.00 X 0 0 0 Mr Doug McGowen Director 2.00 X 0 0 0 Mr Sammie Riar Director 2.00 X 0 0 0 Mr Richard Shadyac Jr Director 2.00 X 0 0 0 Ben Schulman Vice President, Real Estate 40.00 X 124375 0 19796 Dr Kennard Brown Director 2.00 X 0 0 0 Dr Michelle Taylor Director 2.00 X 0 0 0 424125 0 46224 3 false true false Mydatt Services Inc DBA Block by Block 7135 Charlotte Pike Suite 100 Nashville TN 372090000 District Ambassadors 505480 U3 Advisors 1735 Market Suite a-443 Philadelphia PA 191030000 Consulting Services 323236 2 1797000 191838 377389 2366227 6306 0 0 9000 9000 9000 9000 2381533 15306 0 0 221329 221329 14750 14750 981714 772609 209105 0 82300 64770 17530 0 23531 18519 5012 0 0 0 0 0 9690 9690 0 0 1523 0 1523 0 14107 0 14107 0 76901 4883 72018 0 15285 42 15243 0 3366 3269 97 0 18667 0 18667 0 10056 10056 0 0 Professional Services U3 310833 196665 114168 0 Workers Compensation 4575 3061 1514 0 HR Processing & Mgmt fees 16594 0 16594 0 Employee Enrichment 20768 0 20768 0 1282385 1055578 226807 0 3108374 2375221 733153 0 2185257 2887661 3081281 1854488 75000 146755 17260 29180 100526 14222 100526 233302 296650 91000 77000 5697322 5392260 83162 143691 80000 91000 77000 191837 541476 445999 762167 X 5101323 3718687 150000 911406 5251323 4630093 5697322 5392260 -726841 105611 X false true X true false X 0 4203946 3882335 3341466 5413969 2366226 19207942 0 0 4203946 3882335 3341466 5413969 2366226 19207942 51682 19156260 10477 18907 3096 933 6306 39719 9000 9000 3729 -2830 33330 34229 19290890 0.99300 0.74900 X 0 0 0 Pt II Ln 10 Other Income Part II, Line 10 Description: Miscellaneous 2019: 3729. 2020: 10592. 2021: 5054. Description: Joint Venture Income/(loss) 2020: -13422. 2021: 3276. Description: Business Consulting 2021: 25000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED true true false 91000 -14000 77000 true 100526 100526 100526 Investment in Joint Venture 250000 C Real Estate Investment 46650 C 296650 Custodial Funds 77000 77000 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. true Peabody Village LLC 123 E 83rd Apt 6D New York NY 10028 880543176 15000 Improvement 400 Main LLC 1905 Overton Park Memphis TN 38112 824656950 10000 Improvement High Cotton Brewery 598 Monroe Ave Memphis TN 38103 455038750 6000 Improvement JC Wealth Industries LLC 459 Frontline Cv Memphis TN 38103 862953199 10000 Improvement Rootstock Wine Merchants 644 Madison Ave Ste 101 Memphis TN 38103 451527408 12500 Improvement SMH Partners 839 Reddoch St Memphis TN 38120 853753471 12500 Improvement Alliance Works Development LLC 3232 Morningview Dr Memphis TN 38118 426519973 10000 Improvement false false false false false false false false false Rory Thomas 162500 0 2000 0 0 0 6580 0 0 0 171080 0 0 0 Abigail Sheridan 137250 0 2000 0 10358 0 5490 0 0 0 155098 0 0 0 Ben Schulman 124375 0 2000 0 12820 0 4976 0 0 0 144171 0 0 0 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 Professional Fees 80853. 35900. 44953. 0. Form 990, Part IX, Line 24e Postage & mailing 163. 89. 74. 0. Form 990, Part IX, Line 24e Equipment purchase & maintance 3754. 626. 3128. 0. Form 990, Part IX, Line 24e Printing & copying 18034. 12845. 5189. 0. Form 990, Part IX, Line 24e Office subscriptions 35229. 5545. 29684. 0. Form 990, Part IX, Line 24e Website 12448. 11468. 980. 0. Form 990, Part IX, Line 24e Security 605. 0. 605. 0. Form 990, Part IX, Line 24e Office cleaning 3040. 0. 3040. 0. Form 990, Part IX, Line 24e Food & beverage 11973. 8741. 3232. 0. Form 990, Part IX, Line 24e Event expense 58500. 58373. 127. 0. Form 990, Part IX, Line 24e Marketing 9127. 9127. 0. 0. Form 990, Part IX, Line 24e Program supplies & materials 25702. 25702. 0. 0. Form 990, Part IX, Line 24e Membership dues & sponsorship 7080. 1500. 5580. 0. Form 990, Part IX, Line 24e Bad debt 80399. 0. 80399. 0. Form 990, Part IX, Line 24e Bank fees 278. 0. 278. 0. Form 990, Part IX, Line 24e Contract services-other 935200. 885662. 49538. 0. Medical District Development LLC 656 Madison Ave Memphis TN 38103 841815180 Engage in Real Estate Development within the medical district community TN