NonprofitsDowntown Mobile District Management Corporation

Community Improvement & Capacity Building

Downtown Mobile District Management Corporation

MOBILE, AL

Total revenue

$2.3M

Total expenses

$2.1M

Net assets

$1.1M

Grants received

EIN

203052636

Tax year

2024

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.

Programs

2 programs

The communication and marketing program serves a metropolitan area of approximately 594,000 residents and a downtown visitor domain that receives approximately 3 million visitors annually by providing them with up-to-date information on public events, products and services available, and business opportunities available throughout the downtown mobile business improvement district. This program also creates collateral material used to recruit residents and businesses. Communications and marketing also coordinates events and provides consultation and logistical assistance for other organizations planning events.

Expenses: $208K

The business recruitment and retention program serves the 600 corporate and individual owners of property located within the downtown mobile business improvement district by marketing their properties to prospective buyers, investors and tenants. This program also assists new businesses and developers navigate the permitting and inspection process at city hall. In addition, the business recruitment and retention program actively seeks new businesses and residential development to locate in the district.

Expenses: $306K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$2.2M
Investment income$56K
Other revenue$67K
Total revenue$2.3M

Expenses

Grants paid
Salaries & benefits$660K
Fundraising
Other expenses$1.4M
Total expenses$2.1M
Total assets$1.2M
Net assets$1.1M

People

18 listed

NameRoleCompensation

FRED RENDFREY

PRES & CEO

Board

$137K

20 hrs/wk

MATT LEMOND

CHAIR OF BOA

Board

0.5 hrs/wk

STEVEN MCMAHON

IMMEDIATE PA

Board

0.5 hrs/wk

MARGO GILBERT

DIRECTOR

Board

0.25 hrs/wk

JOSEPH P TOOLE

DIRECTOR

Board

0.25 hrs/wk

CHRIS ESFELLER

DIRECTOR

Board

0.25 hrs/wk

JOHN GOODLOE

DIRECTOR

Board

0.25 hrs/wk

ELLIS BRIDGES

VC ECON DEVE

Board

0.25 hrs/wk

RASHAWN FIGURES

TREASURER

Board

0.25 hrs/wk

FRANCISCO CADINA

DIRECTOR

Board

0.25 hrs/wk

GRAYSI GARTMAN

EXECUTIVE CO

Board

0.25 hrs/wk

LOUIS MAISEL

VC MEMBERSHI

Board

0.25 hrs/wk

HARRIS OSWALT

SECRETARY

Board

0.25 hrs/wk

CLAY TURNER

DIRECTOR

Board

0.25 hrs/wk

RYAN ALLENBACH

EXECUTICE CO

Board

0.25 hrs/wk

JOHN WADE THERRELL

DIRECTOR

Board

0.25 hrs/wk

KAYLA SEAWELL

DIRECTOR

Board

0.25 hrs/wk

DANA MAYO

DIRECTOR

Board

0.25 hrs/wk

Details

EIN203052636
NTEE codeS20
Subsection04
Ruling date2005-09
Formed2005
Employees8
Volunteers17
DOWNTOWN MOBILE DISTRICT MANAGEMENT CORPORATION — Mission, Financials & Grants Received | Grantivo