DOWNTOWN MOBILE DISTRICT MANAGEMENT CORPORATION

EIN: 203052636 Community Improvement

MOBILE, AL

Total Revenue
$2,006,199
Total Expenses
$2,011,110
Total Assets
$1,166,611
Net Assets
$888,541
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
AL
Principal Officer
ELIZABETH STEVENS
Phone
2514348498
Tax Period
2022-07-01 to 2023-06-30

DOWNTOWN MOBILE DISTRICT MANAGEMENT, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $2.0M in total revenue in fiscal year 2017. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $375K, a strong 19% operating margin.

Mission

TO INSURE THE VITALITY OF THE BUSINESS, RESIDENTIAL AND ARTS DISTRICT IN DOWNTOWN MOBILE, AL. TO ENHANCE AND MAINTAIN THE PROPERTY VALUES IN DOWNTOWN WHILE RETAINING BUSINESSES AND ATTRACTING NEW BUSINESS INVESTMENT TO DOWNTOWN MOBILE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,863,175
Investment Income $2,614
Other Revenue $140,410
TOTAL REVENUE $2,006,199

Expense Breakdown

Grants Paid $0
Salaries & Benefits $664,808
Fundraising Expenses $0
Program Expenses $1,749,481
Other Expenses $1,346,302
TOTAL EXPENSES $2,011,110

Year-over-Year Comparison

2022 2021 Change
Revenue $2,006,199 $1,982,230 +0.0%
Expenses $2,011,110 $1,982,522 +0.0%
Net Income $-4,911 $-292 +15.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

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Governance

Voting Members
20
Independent Members
20
Employees
7
Volunteers
23

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
7
$135,504
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ELIZABETH STEVENS PRESIDENT & 40.00
Officer
$135,504 $0 $135,504
MATT LEMOND CHAIR OF BOA 0.50
Officer Director
$0 $0 $0
STEVEN MCMAHON IMMEDIATE PA 0.50
Officer Director
$0 $0 $0
BERTHA BOATMAN SECRETARY 0.50
Officer Director
$0 $0 $0
HEATH STEPHENS TREASURER 0.50
Officer Director
$0 $0 $0
GRAYSI GARTMAN V-CHAIR ECON 0.50
Officer Director
$0 $0 $0
KIM KELLY V-CHAIR PUB 0.50
Officer Director
$0 $0 $0
MARGO GILBERT DIRECTOR 0.25
Director
$0 $0 $0
JOSEPH P TOOLE DIRECTOR 0.25
Director
$0 $0 $0
JACQUITTA POWELL-GREEN DIRECTOR 0.25
Director
$0 $0 $0
MARY ANNE BALL CHAIR APP EX 0.25
Director
$0 $0 $0
BILL APPLING DIRECTOR 0.25
Director
$0 $0 $0
CHRIS ESFELLER DIRECTOR 0.25
Director
$0 $0 $0
JOHN GOODLOE DIRECTOR 0.25
Director
$0 $0 $0
RICHARD STIMPSON CHAIR APP EX 0.25
Director
$0 $0 $0
SAM COVERT HONORARY DIR 0.25
Director
$0 $0 $0
TYRONE FENDERSON HONORARY DIR 0.25
Director
$0 $0 $0
COOPER THURBER HONORARY DIR 0.25
Director
$0 $0 $0
MARQUES IVY DIRECTOR 0.25
Director
$0 $0 $0
KEVIN LOPER DIRECTOR 0.25
Director
$0 $0 $0
STEVEN ALBERT DIRECTOR 0.25
Director
$0 $0 $0
ELLIS BRIDGES DIRECTOR 0.25
Director
$0 $0 $0
RASHAWN FIGURES DIRECTOR 0.25
Director
$0 $0 $0
THE HONORABLE CONNIE HUDSON DIRECTOR 0.25
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $2,006,199 $2,011,110 $1,166,611 $-4,911
2022 $1,855,907 $1,982,623 $1,065,970 $-126,716
2021 $1,703,591 $1,752,281 $1,047,914 $-48,690
2020 $1,619,877 $1,808,119 $959,549 $-188,242
2019 $1,738,555 $1,584,966 $1,375,191 $153,589
2018 $2,010,531 $1,635,344 $1,063,952 $375,187
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