Nonprofit · EIN 47-2073263
CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC
Tax-exempt · MEMPHIS, TN 38125
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,498,905 | $1,539,534 | -$40,629 | $12,051,221 | $17,754,188 | -$5,702,967 |
| December 31, 2023 | 990 | $2,459,177 | $937,112 | $1,522,065 | $9,146,793 | $14,813,858 | -$5,667,065 |
| December 31, 2022 | 990 (amended) | $44,593,632 | $522,633 | $44,070,999 | $6,500,673 | $1,212,003 | $5,288,670 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $240,000
- Program service revenue
- $1,044,723
- Investment income
- -$17,085
- Net rental income
- $231,267
- Net gain from sales of assets
- -$17,085
- Other revenue
- $231,267
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $613,278
- Salaries, compensation and benefits (total)
- $695,692
- Professional fundraising fees
- $0
- Legal fees
- $9,575
- Accounting fees
- $252,916
- Occupancy
- $76,301
- Travel
- $4,401
- Depreciation
- $74,407
- Program services (functional)
- $672,541
- Management and general (functional)
- $866,993
Balance sheet and other
- Total assets, start of year
- $9,146,793
- Total assets, end of year
- $12,051,221
- Total liabilities, end of year
- $17,754,188
- Net assets, end of year
- -$5,702,967
- Land, buildings and equipment
- $4,075,634
- Net assets without donor restrictions
- -$5,702,967
- Gross receipts
- $1,515,990
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2014
- 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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD RICHARDSON | President & CEO Trustee or director, Officer | 40 | $344,278 | $24,094 |
| Prince Matthew | Chief Operating Officer Key employee | 40 | $230,000 | $14,058 |
| DALLAS GREER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MCLEAN WILSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MILTON LOVELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANN LANGSTON | Director Trustee or director | 1 | $0 | $0 |
| ELLIOT PERRY | Director Trustee or director | 1 | $0 | $0 |
| ERIN JOHNSON | Director Trustee or director | 1 | $0 | $0 |
| MARTIN HAND | Director Trustee or director | 1 | $0 | $0 |
| STALEY CATES | Director Trustee or director | 1 | $0 | $0 |
| TOM GRIMES | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Prince Matthew | Chief Operating Officer Key employee | 40 | $300,000 | $14,282 |
| TODD RICHARDSON | President & CEO Trustee or director, Officer | 40 | $278,983 | $32,978 |
| DALLAS GREER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MCLEAN WILSON | CHAIRPERSON Trustee or director, Officer | 1 | $0 | $0 |
| MILTON LOVELL | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANN LANGSTON | Director Trustee or director | 1 | $0 | $0 |
| CHRIS TERRILL | Director Trustee or director | 1 | $0 | $0 |
| ELLIOT PERRY | Director Trustee or director | 1 | $0 | $0 |
| MARTIN HAND | Director Trustee or director | 1 | $0 | $0 |
| STALEY CATES | Director Trustee or director | 1 | $0 | $0 |
| TOM GRIMES | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2022: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TODD RICHARDSON | PRESIDENT Trustee or director, Officer | 40 | $250,598 | $14,000 |
| MCCLEAN WILSON | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| DALLAS GEER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| MILTON LOVELL | SECRETARY Trustee or director | 1 | $0 | $0 |
| MARTIN HAND | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANN LANGSTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ELLIOT PERRY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHRIS TERRILL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STALEY CATES | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8700 W TRAIL DR SUITE 300, MEMPHIS, TN 38125-0000
- Mailing address (990-N for 2018)
- 8700 W Trail Lake Dr Ste 300, Memphis TN 38125
- Principal officer (990 for 2024)
- TODD RICHARDSON, 8700 W TRAIL LAKE DR, MEMPHIS, TN 38125
- Principal officer (990-N for 2018)
- Mclean Wilson, 8700 W Trail Lake Dr Ste 300, Memphis TN 38125
- Signed the 990
- Todd, Richardson
- Phone
- (901) 507-1179
- Return prepared by
- Forvis Mazars LLP
Mission
TO ASSIST IN THE REVITALIZATION AND ECONOMIC DEVELOPMENT OF THE CROSSTOWN NEIGHBORHOOD IN MEMPHIS, TENNESSEE, BY ASSISTING IN AND FACILITATING THE MANAGEMENT, PRESERVATION AND REDEVELOPMENT OF THE CROSSTOWN PROJECT, NOW KNOWN AS CROSSTOWN CONCOURSE. THE FOREGOING SHALL INCLUDE, WITHOUT LIMITATION, ACTING AS A MANAGER AND/OR MEMBER OF BUILDING OWNER.
Program accomplishments
- Managed all operation and programming for Crosstown Concourse. Assisted in the revitalization and economic development of the Crosstown neighborhood. Partnered with neighborhood stakeholders to create the new Cleveland Street Corridor TIF district. Oversee operations and management of City Impact properties. Finalized construction documents and lease for a new live music performance venue.Expenses $672,541 · revenue $1,044,723
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 | Not 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
- 47-2073263
- 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
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $12,051,221
- Income (IRS master file)
- $1,515,990
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,498,905 | $1,539,534 | $12,051,221 | XML |
| 990 | December 2023 | $2,459,177 | $937,112 | $9,146,793 | XML |
| 990 | December 2022 | $44,593,632 | $522,633 | $6,500,673 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2018 Officer: Mclean Wilson | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-2073263).
Questions about CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC
- What is the EIN of CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC?
- The employer identification number (EIN) of CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC is 47-2073263.
- Is CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION 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 CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 names TODD RICHARDSON.
- Who are the officers and directors of CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 2 received compensation from the organization, the highest $344,278 (TODD RICHARDSON, President & CEO).
- How much revenue does CROSSTOWN REDEVELOPMENT COOPERATIVE ASSOCIATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,498,905, expenses of $1,539,534 and total assets of $12,051,221 at year end.
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All nonprofits in MEMPHIS · Tennessee · Community improvement and capacity building