MDCDC Inc
MDCDC Inc is a public charity based in Memphis, Tennessee. The organization identifies as the Memphis Medical District Collaborative, a community development organization formed in 2015 to support revitalization of the Memphis Medical District and surrounding areas.
MDCDC Inc at a glance
In short: MDCDC Inc gave $103K across 13 grants in 2025 (avg $8K), mostly in Tennessee. 85% of 2025 grantees were new. Source: 2025 IRS Form 990.
- Annual giving (2025)
- $102,836
- +2.9% vs 2024
- Grants made (2025)
- 13
- +44.4% vs 2024
- Average grant
- $7,910
- -28.8% vs 2024
- Median grant
- $7,500
- Total assets
- $6,647,078
- +28.7% vs 2024
- New grantees (estimate)
- 85% first-time grantees (11 of 13, 2025; small sample)
- Primary geography
- Tennessee (71% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026. New grantees are estimated by matching recipient names across years (methodology).
How to apply to MDCDC Inc
- Contact
Mailing address: 656 Madison Avenue, Memphis, TN 38103
Phone: (901) 552-4781
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who MDCDC Inc funds
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2025
The largest 2025 recipient was American Cancer Society ($13K). Together the top 10 received $84K.
Grant Size Distribution
34 grants across all recorded years
The most common grant size was under $50K: 34 grants of 34 (100%).
Geographic Focus
Where this funder awards grants
The website’s grant programs serve the Memphis Medical District. The 2025 filing’s grant dollars went primarily to recipients in Tennessee (71%), with additional amounts going to Georgia (12%), Texas (9%), and Mississippi (7%).
Grant Distribution by State
Share of 2025 grant dollars across all 13 itemized grants.
Cities
Is MDCDC Inc open to new grantees?
85%
first-time grantees, 2025
In 2025, 11 of 13 grantees (85%) were first-time recipients. With only 13 grantees, that is a small sample: one grantee more or less moves the share by about 8 points. First grants averaged $8K; repeat grants $6K. How we count
Medians: $8K first-time, $6K repeat.
Estimate from itemized grant lists in IRS Form 990 filings (2019–2025). Recipient names are matched across years, so a renamed or misspelled grantee can look new; grants to individuals are left out. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2025, annual grant giving ranged from $50K (2021) to $331K (2020). In 2025 it made 13 grants totaling $103K.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| American Cancer Society Atlanta, GA | Community Development | $12,500 |
| Inkan Builders Memphis, TN | Community Development | $10,000 |
| Silver City Lending Katy, TX | Community Development | $9,500 |
| Bar Limina Memphis, TN | Community Development | $7,500 |
| Sam Toliver Memphis, TN | Community Development | $7,500 |
| Andre Harris Olive Branch, MS | Community Development | $7,500 |
| Daavon Grayson Memphis, TN | Community Development | $7,500 |
| CeCe Glenn ( Ark 5 LLC) Germantown, TN | Community Development | $7,500 |
| Ashleigh Hayes dba Evolve Pilates Memphis, TN | Community Development | $7,000 |
| Malone Park Commons Memphis, TN | Community Development | $7,000 |
Ready to take the next step with MDCDC Inc?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $6,647,078 | $5,873,133 | $4,400,756 | $102,836 | 13 | $162,273 |
| 2024 | $5,166,043 | $2,891,896 | $3,320,697 | $99,963 | 9 | $24,815 |
| 2023 | $5,674,436 | $2,975,790 | $3,368,769 | $261,071 | Total only | $175,527 |
| 2022 | $5,392,260 | $2,381,533 | $3,108,374 | $76,000 | 7 | $6,306 |
| 2021 | $5,697,322 | $5,485,350 | $2,331,785 | $50,001 | 5 | $-3,276 |
| 2020 | $2,488,528 | $3,341,732 | $4,240,039 | $331,023 | 29 | $3,096 |
| 2019 | $3,723,958 | $3,904,971 | $3,668,916 | $302,432 | 15 | $13,357 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
Research compiled by Grantable AI from public sources. Last updated October 2026.
Mission & Focus Areas
The organization’s stated mission is to foster a vibrant, safe, and equitable Medical District. Its filing describes work in community development and revitalization through real estate and economic development, business attraction, job growth, safety and security, cleaning and landscaping, marketing, and coordination among area institutions, organizations, government entities, businesses, and residents.
The 2025 filing reports that its grants were for community development. One 2025 recipient, The Hospitality Hub of Memphis, states that its mission is “to connect homeless people with the resources they need to begin their journey out of homelessness.”
Grantmaking
In filing year 2025, MDCDC reported 13 grants totaling $102,836. Grants ranged from $5,750 to $12,500, with a median of $7,500. The largest listed grants included $12,500 to American Cancer Society in Atlanta, Georgia; $10,000 to Inkan Builders in Memphis; and $9,500 to Silver City Lending in Katy, Texas. The Hospitality Hub of Memphis received $5,750. The filing listed community development as the purpose of these grants.
The website describes several funding programs for the Medical District. Pre-development grants offer up to $3,500 for eligible planning costs, and improvement grants offer up to $25,000 per project for eligible property improvements. Event sponsorships offer up to $1,500, and the Public Space Proposal Fund offers up to $5,000 for tactical interventions. The website directs prospective applicants to make an inquiry and provides grant guidelines and FAQs describing application guidelines and committee review. Pre-development projects must have a total investment budget of at least $10,000.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Dr Michael Ugwueke as Chairman, Mr Ike Anand as Vice Chair, Dr Lewis Reich as Secretary, and Dr Michelle Taylor as Treasurer. Directors listed are Mr Antonio Adams, Dr Peter Buckley, MsAshley McDurmon, Dr Reginald Coopwood, Dr Tracy Hall, and Mr Pitt Hyde.
MDCDC Inc is led by Rory Thomas, President & CEO since 2025 (on filings since 2021); 2 of 17 officers listed in 2025 are compensated.
Officers on the 2025 filing
Rory Thomas
President & CEO
President → President & CEO, 2025
On filings since 2021
40 hrs/week
$86K (2021) → $189K (2025)
Michael Ugwueke
Chairman
Vice Chair → Board Chairman, 2023
Board Chairman → Chairman, 2024
On filings since 2019
2 hrs/week
No compensation reported
Doug McGowen
Director
On filings since 2019
2 hrs/week
No compensation reported
Pitt Hyde
Director
On filings since 2019
2 hrs/week
No compensation reported
Reginald Coopwood
Director
Vice Chairman → Chairman, 2021
Chairman → Director, 2023
On filings since 2019
2 hrs/week
No compensation reported
Tracy Hall
Director
On filings since 2019
2 hrs/week
No compensation reported
Chandell Ryan
Director
On filings since 2023
2 hrs/week
No compensation reported
Hampton Hopkins
Director
On filings since 2023
2 hrs/week
No compensation reported
Joe Vaughn
Director
On filings since 2023
2 hrs/week
No compensation reported
Peter Buckley
Director
On filings since 2023
2 hrs/week
No compensation reported
Antonio Adams
Director
On filings since 2024
2 hrs/week
No compensation reported
John Webb
Director
On filings since 2024
2 hrs/week
No compensation reported
MsAshley McDurmon
Director
New on the 2025 filing
2 hrs/week
No compensation reported
Keesa Mitchell
Vice President
Vice President & Operations → Vice President, 2025
On filings since 2024
40 hrs/week
$114K (2024) → $126K (2025)
Lewis Reich
Secretary
Chairman → Ex-Officio, 2021
Ex-Officio → Secretary, 2023
On filings since 2019
2 hrs/week
No compensation reported
Michelle Taylor
Treasurer
Director → Treasurer, 2023
On filings since 2022
2 hrs/week
No compensation reported
Ike Anand
Vice Chair
On filings since 2023
2 hrs/week
No compensation reported
Former officers (16)
- Former: Scott Blake (2019–2024) — Director
- Former: Emily Todd Dowdy (2023–2024) — Director
- Former: Casey Condra (2024) — Director
- Former: Ben Schulman (2021–2023) — Vice President & Real Estate
- Former: Paul Young (2021–2023) — Director
- Former: Lakeesa Mitchell (2023) — Vice President, Custodian of Contributions & Custodian of Final Distributions
- Former: Betty Sue McGarvey (2019–2022) — Treasurer & Secretary
- Former: Kennard Brown (2019–2022) — Director
- Former: Richard Shadyac Jr. (2019–2022) — Director
- Former: Sammie Riar (2019–2022) — Director
- Former: Abigail Sheridan (2022) — Vice President & COO
- Former: Abby Sheridan (2021) — COO
- Former: Abby Miller (2019–2020) — Vice President
- Former: Jennifer Oswalt (2019–2020) — Director
- Former: Thomas Pacello (2019–2020) — President
- Former: Jim Boyd (2020) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $189K, to Rory Thomas (President & CEO). 2 officers or directors reported compensation on that filing.
Frequently asked questions about MDCDC Inc
How much does MDCDC Inc give each year?
MDCDC Inc gave $103K across 13 grants in 2025, according to its 2025 IRS Form 990. In 2024 it gave $100K across 9 grants.
What is MDCDC Inc's typical grant size?
MDCDC Inc's median grant in 2025 was $7,500, and its average grant was $7,910, across 13 grants on its 2025 IRS Form 990. Organizations receiving their first grant from MDCDC Inc that year got $8K on average.
Where does MDCDC Inc give grants?
MDCDC Inc gives mostly in Tennessee: 71% of the grant dollars itemized on its 2025 IRS Form 990 went to recipients there. The next largest states were Georgia (12%) and Texas (9%). The most frequent recipient cities were Memphis, TN (9 grants).
Does MDCDC Inc give general operating support?
Not in 2025: none of the 13 grants with a stated purpose on MDCDC Inc's 2025 IRS Form 990 were described as general or operating support. Recurring purposes include "Community Development" (13 grants).
Who are MDCDC Inc's largest grantees?
MDCDC Inc's largest 2025 grantees include American Cancer Society ($12,500), Inkan Builders ($10,000) and Silver City Lending ($9,500), according to its 2025 IRS Form 990. Together they received 31% of its itemized 2025 grant dollars.
How large is MDCDC Inc?
MDCDC Inc reported $6.6M in total assets on its 2025 IRS Form 990. Its revenue that year was $5.9M.
What does MDCDC Inc fund?
The organization’s stated mission is to foster a vibrant, safe, and equitable Medical District. See mission & focus areas ↑
How do I apply for a grant from MDCDC Inc?
MDCDC Inc has no public application process in the sources Grantable reviewed. Contact the foundation directly before submitting a request.
What is MDCDC Inc's EIN?
MDCDC Inc's EIN (Employer Identification Number) is 81-0729268. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated October 2026.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990 for fiscal year 2021 (received by the IRS May 16, 2022)
- Updated Form 990 for fiscal year 2022 (received by the IRS May 16, 2023)
- Updated Form 990 for fiscal year 2024 (received by the IRS July 21, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS July 13, 2026)
- Added Form 990 for fiscal year 2019 (received by the IRS November 13, 2020)
- Updated Form 990 for fiscal year 2023 (received by the IRS July 25, 2024)
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in MDCDC Inc's focus areas in our free grants database
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Cite this profile
Grantable. (2026). MDCDC Inc funder profile. GrantGraph. Retrieved October 16, 2026, from https://grantable.co/funders/mdcdc-inc-morg_3ef708bf171c42fb91ccf789d0fc9a78
BibTeX
@misc{grantable_810729268_2026,
author = {{Grantable}},
title = {{MDCDC Inc funder profile}},
howpublished = {GrantGraph},
year = {2026},
url = {https://grantable.co/funders/mdcdc-inc-morg_3ef708bf171c42fb91ccf789d0fc9a78},
note = {Accessed 2026-10-16. Data licensed CC BY 4.0}
}The figures on this page are open data under CC BY 4.0: reuse them with credit to Grantable and a link. Download the data.
Figures come from MDCDC Inc's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
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