Crosstown Redevelopment Cooperative Association Inc

Organization Overview

Crosstown Redevelopment Cooperative Association Inc is located in Memphis, TN. The organization was established in 2015. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Crosstown Redevelopment Cooperative Association Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crosstown Redevelopment Cooperative Association Inc 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 12/2022, Crosstown Redevelopment Cooperative Association Inc generated $44.6m in total revenue. All expenses for the organization totaled $522.6k during the year ending 12/2022. While expenses have increased by 34.1% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO ASSIST IN THE REVITALIZATION AND ECEONOMIC 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

MANAGED ALL OPERATION AND PROGRAMMING FOR CROSSTOWN CONCOURSE. ASSISTED IN THE REVITALIZATION AND ECEONOMIC DEVELOPMENT OF THE CROSSTOWN NEIGHBORHOOD. LAUNCHED WYXR AND THE CROSSTOWN RADIO PARTNERSHIP IN COLLABORATION WITH THE UNIVERSITY OF MEMPHIS AND THE DAILY MEMPHIAN, WHICH REPLACED WUMR, 91.7 STATION. CONTINUE TO OWN, OVERSEE OPERATIONS AND SUPPORT CROSSTOWN CURB MARKET, INC.


MANAGED ALL OPERATION AND PROGRAMMING FOR CROSSTOWN CONCOURSE. ASSISTED IN THE REVITALIZATION AND ECEONOMIC DEVELOPMENT OF THE CROSSTOWN NEIGHBORHOOD. LAUNCHED WYXR AND THE CROSSTOWN RADIO PARTNERSHIP IN COLLABORATION WITH THE UNIVERSITY OF MEMPHIS AND THE DAILY MEMPHIAN, WHICH REPLACED WUMR, 91.7 STATION. CONTINUE TO OWN, OVERSEE OPERATIONS AND SUPPORT CROSSTOWN CURB MARKET, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Mcclean Wilson
Chairman
$0
Dallas Geer
Treasurer
$0
Milton Lovell
Secretary
$0
Martin Hand
Director
$0
Ann Langston
Director
$0
Elliot Perry
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$19,965,788
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$44,247,500
Noncash contributions included in lines 1a–1f $44,140,000
Total Revenue from Contributions, Gifts, Grants & Similar$44,247,500
Total Program Service Revenue$346,132
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $44,593,632

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Southeast Ark Economic Development Dist Inc
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Economic Development Corporation Of Kansas City Missouri
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