Nonprofit · EIN 81-0729268
MDCDC INC
Tax-exempt · MEMPHIS, TN 38103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $5,873,133 | $4,400,756 | $1,472,377 | $6,647,078 | $1,308,877 | $5,338,201 |
| December 31, 2024 | 990 | $2,891,896 | $3,320,697 | -$428,801 | $5,166,043 | $1,277,048 | $3,888,995 |
| December 31, 2023 | 990 | $2,975,790 | $3,368,769 | -$392,979 | $5,674,436 | $1,374,710 | $4,299,726 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $5,607,857
- Membership dues
- $1,723,000
- Program service revenue
- $4,500
- Investment income
- $162,273
- Net income from fundraising events
- $90,080
- Other revenue
- $98,503
Expenses
- Grants and similar amounts paid
- $194,965
- Other salaries and wages
- $1,275,089
- Salaries, compensation and benefits (total)
- $1,480,085
- Professional fundraising fees
- $0
- Legal fees
- $25,986
- Occupancy
- $172,978
- Travel
- $8,099
- Depreciation
- $37,541
- Program services (functional)
- $2,938,040
- Management and general (functional)
- $1,462,716
Balance sheet and other
- Total assets, start of year
- $5,166,043
- Total assets, end of year
- $6,647,078
- Total liabilities, end of year
- $1,308,877
- Net assets, end of year
- $5,338,201
- Land, buildings and equipment
- $1,137,116
- Net assets without donor restrictions
- $5,338,201
- Gross unrelated business income
- $90,080
- Gross receipts
- $5,873,133
- Employees
- 23
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rory Thomas | President & CEO Officer | 40 | $189,189 | $8,975 |
| Keesa Mitchell | Vice President Officer | 40 | $126,000 | $12,005 |
| Dr Michael Ugwueke | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Mr Ike Anand | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Dr Lewis Reich | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Dr Michelle Taylor | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Mr Antonio Adams | Director Trustee or director | 2 | $0 | $0 |
| Dr Peter Buckley | Director Trustee or director | 2 | $0 | $0 |
| MsAshley McDurmon | Director Trustee or director | 2 | $0 | $0 |
| Dr Reginald Coopwood | Director Trustee or director | 2 | $0 | $0 |
| Dr Tracy Hall | Director Trustee or director | 2 | $0 | $0 |
| Mr Pitt Hyde | Director Trustee or director | 2 | $0 | $0 |
| Dr Hampton Hopkins | Director Trustee or director | 2 | $0 | $0 |
| Mr Doug McGowen | Director Trustee or director | 2 | $0 | $0 |
| Ms Chandell Ryan | Director Trustee or director | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mr Joe Vaughn | Director Trustee or director | 2 | $0 |
| Mr John Webb | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rory Thomas | President Officer | 40 | $180,180 | $9,592 |
| Keesa Mitchell | Vice President, Operations Officer | 40 | $114,000 | $7,707 |
| Dr Michael Ugwueke | Chairman Trustee or director, Officer | 2 | $0 | $0 |
| Mr Ike Anand | Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Dr Lewis Reich | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Dr Michelle Taylor | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Mr Antonio Adams | Director Trustee or director | 2 | $0 | $0 |
| Mr Scott Blake | Director Trustee or director | 2 | $0 | $0 |
| Dr Peter Buckley | Director Trustee or director | 2 | $0 | $0 |
| Ms Casey Condra | Director Trustee or director | 2 | $0 | $0 |
| Dr Reginald Coopwood | Director Trustee or director | 2 | $0 | $0 |
| Ms Emily Todd Dowdy | Director Trustee or director | 2 | $0 | $0 |
| Dr Tracy Hall | Director Trustee or director | 2 | $0 | $0 |
| Mr Pitt Hyde | Director Trustee or director | 2 | $0 | $0 |
| Dr Hampton Hopkins | Director Trustee or director | 2 | $0 | $0 |
| Mr Doug McGowen | Director Trustee or director | 2 | $0 | $0 |
| Ms Chandell Ryan | Director Trustee or director | 2 | $0 | $0 |
| Mr Joe Vaughn | Director Trustee or director | 2 | $0 | $0 |
| Mr John Webb | Director Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rory Thomas | President Trustee or director, Officer | 40 | $171,600 | $14,668 |
| Ben Schulman | Vice President, Real Estate Officer | 40 | $124,800 | $11,594 |
| Lakeesa Mitchell | Vice President, Custodian of Contributions, Custodian of Final Distributions Officer | 40 | $19,000 | $2,500 |
| Dr Reginald Coopwood | Director Trustee or director | 2 | $0 | $0 |
| Dr Michael Ugwueke | Board Chairman Trustee or director | 2 | $0 | $0 |
| Dr Lewis Reich | Secretary Trustee or director | 2 | $0 | $0 |
| Mr Scott Blake | Director Trustee or director | 2 | $0 | $0 |
| Dr Tracy Hall | Director Trustee or director | 2 | $0 | $0 |
| Mr Pitt Hyde | Director Trustee or director | 2 | $0 | $0 |
| Mr Doug McGowen | Director Trustee or director | 2 | $0 | $0 |
| Dr Michelle Taylor | Treasurer Trustee or director | 2 | $0 | $0 |
| Mr Ike Anand | Vice Chair Trustee or director | 2 | $0 | $0 |
| Dr Hampton Hopkins | Director Trustee or director | 2 | $0 | $0 |
| Dr Peter Buckley | Director Trustee or director | 2 | $0 | $0 |
| Ms Emily Todd Dowdy | Director Trustee or director | 2 | $0 | $0 |
| Mr Joe Vaughn | Director Trustee or director | 2 | $0 | $0 |
| Ms Chandell Ryan | Director Trustee or director | 2 | $0 | $0 |
| Mr Paul Young | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 656 MADISON AVENUE, MEMPHIS, TN 38103-3327
- In care of
- % CASEY SHANNON
- Principal officer (990 for 2025)
- Rory Thomas, 656 Madison Ave, Memphis, TN 38103
- Signed the 990
- Rory Thomas, President
- Phone
- (901) 552-4781
- Return prepared by
- BANKS FINLEY WHITE & CO
Mission
The Memphis Medical District Collaborative (MDCDC) is a community development organization.
Program accomplishments
- The organizations 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.Expenses $2,938,040 · grants $3,803,977 · revenue $5,710,860
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0729268
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $6,647,078
- Income (IRS master file)
- $5,873,133
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $5,873,133 | $4,400,756 | $6,647,078 | XML |
| 990 | December 2024 | $2,891,896 | $3,320,697 | $5,166,043 | XML |
| 990 | December 2023 | $2,975,790 | $3,368,769 | $5,674,436 | XML |
| 990 | December 2022 | $2,381,533 | $3,108,374 | $5,392,260 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0729268).
Questions about MDCDC INC
- What is the EIN of MDCDC INC?
- The employer identification number (EIN) of MDCDC INC is 81-0729268.
- Is MDCDC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to MDCDC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MDCDC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MDCDC INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MDCDC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MDCDC INC?
- The 990 for the year ended December 31, 2025 names Rory Thomas.
- Who are the officers and directors of MDCDC INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 2 received compensation from the organization, the highest $189,189 (Rory Thomas, President & CEO).
- How much revenue does MDCDC INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $5,873,133, expenses of $4,400,756 and total assets of $6,647,078 at year end.
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