Hickory Ridge Mall Cd Corporation

Organization Overview

Hickory Ridge Mall Cd Corporation is located in Memphis, TN. The organization was established in 2011. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hickory Ridge Mall Cd Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Hickory Ridge Mall Cd Corporation generated $1.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.6%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

RE-ESTABLISH THE HICKORY RIDGE MALL AS A PRODUCTIVE "TOWNE CENTRE" OF CHANGE AND POSITIVE GROWTH FOR THE HICKORY HILL COMMUNITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EMPOWERING ENTREPRENUERS AND REBUILDING A STRONG ECONOMIC BASE THAT IS SUPPORITNG THE AREA'S BUSINESSES AND SERVICES THRU PROVIDING LOWER COST RENTAL SPACE, ACTIVITIES FOR THE COMMUNITY AND A SAFE ENVIROMENT IN WHICH TO CONDUCT BUSINESS.


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Board, Officers & Key Employees

Name (title)Compensation
Alton R Williams
Chairman
$0
Gladys Mcgowan
Director
$0
Cynthia Scales-Hill
Director
$0
John Payne
Director
$0
Herbert Wright
Director
$0
Keith Staples
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$677,989
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$677,989
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $362,815
Net Gain/Loss on Asset Sales $278
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,041,082

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