MEMORIAL COMMUNITY DEVELOPMENT CORPORATION

Name

MEMORIAL COMMUNITY DEVELOPMENT CORPORATION

Legal name

Memorial Community Development Corporation

Website

https://memorialcdc.org

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Affordable Housing and Community Development Services

NAICS

Civic and Social Organizations (8134), Child and Youth Services (62411)

SIC

Services-Social Services (8300), Services-Child Day Care Services (8351)

akta.pro primary industry

Community Centers & Neighborhood Support Services (BPAGAEAL)

akta.pro secondary industries

Early Childhood Education & Childcare Nonprofits (BPAGADAA), Youth Mental Health, Counseling & Wellbeing (Education-Linked) Nonprofits (BPAGADAK), Family Resource Centers & Wraparound Support Services (EDACALAH)

Keywords

• Affordable housing services
• Early childhood education
• Youth development programs
• Community development services
• Family support services

Headquarters

HQ city

Evansville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Affordable Housing Rentals: Memorial CDC operates more than 179 affordable housing units including apartments and single-family homes. Rents range from $340-$975 per month based on unit size, eligibility, and compliance. This provides steady recurring rental income.
2. Childcare Services: Early childhood education services offered 7 days a week. Weekday rates range from $75-175 per child per week depending on income. Weekend services are free. The organization accepts CCDF and Gatekeeper vouchers.
3. Venue Rental (The Black Top): Outdoor event venue space rental ranging from $200-$2,500. Features include cabanas, outdoor lounge space, indoor facilities with TVs, and outdoor games.
4. Donations and Grants: Charitable donations accepted via Givelify and PayPal. The organization also receives funding through grants from foundations and government programs.
5. Commercial Real Estate: Rental income from commercial properties including Memorial Shopping Plaza at 535 Lincoln Avenue which houses Dollar Tree and Memorial Lofts.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Memorial Community Development Corporation operates as a nonprofit community anchor in Evansville, Indiana, providing affordable housing (179 units across senior, family, townhouse, and single-family properties), early childhood education services seven days a week, youth development programming (STEAM, tutoring, summer camps, youth employment), family case management, health and wellness initiatives in partnership with Deaconess Clinic, and economic development programs. The organization is funded through rental income, program fees, donations via Givelify and PayPal, and grants from foundations and government programs.

Product overview

Memorial Community Development Corporation is a community development organization offering a diverse portfolio of services organized around affordable housing, early childhood education, youth development, health and wellness, and economic development. The organization operates as a multi-service community anchor with distinct programs including Early Childhood Education (childcare from infants to 12 years), Affordable Housing (120+ units across multiple properties), Youth Programs (STEAM Lab, LifeSkills, SWAG Tutoring, Fit for the Future, Garden Market, Youth Employment Program), Health & Wellness (Deaconess Clinic partnership, One Body of Faith wellness), and Economic Development (Emergency Home Repair, PATHS life coaching, EWSU Leak Repair). Commercial operations include The Black Top outdoor event venue and Memorial Shopping Plaza. Sister organizations include Memorial Baptist Church (founder) and Evansville Area Black Chamber of Commerce. This is not a technology product company but a community services organization.

Differentiator

Problem solved

Functional benefit

Products and services

• Affordable Housing
• Early Childhood Education and Childcare
• Bits and Bytes STEAM Lab
• Fit for the Future Camp
• LifeSkills Program
• SWAG Mentoring and Tutoring
• Garden Market
• Youth Employment Program (YEP)
• PATHS Program
• Emergency Home Repair Program
• EWSU Leak Repair Program
• Deaconess Clinic - Memorial
• One Body of Faith Wellness Program
• The Black Top Venue
• Memorial Shopping Plaza
• Affordable Homeownership Program
• General Contractors Training Program

Quantifiable outcome

• Over 179 affordable housing units provided to the community
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and minor.

• Evansville Area Black Chamber of CommercecoreStrategic or Co-development Partner · 1 January 2016Founded in 2016 by Rev. Adrian M. Brooks Sr., Connie Robinson-Blair, and Talmadge Vick II. Provides Black entrepreneurs with support, networking, and educational opportunities to help their businesses grow. Memorial CDC provides office space and administrative support.
• One Body of FaithcoreStrategic or Co-development Partner · 1 January 2016Collaborative wellness initiative between churches in Evansville center city to increase access to exercise classes, medical resources, and nutritional education. Memorial CDC serves as a hub for wellness programming.
• City of EvansvillecoreStrategic or Co-development PartnerPartnership on Emergency Home Repair program (providing income-eligible homeowners with repairs) and Youth Employment Program (Front Door Pride Program, originally summer-only, now year-round since 2010).
• Evansville Water and Sewer Utility (EWSU)minorStrategic or Co-development PartnerEWSU Leak Repair Program partnership provides eligible customers with up to $1,000 in small repairs to home fixtures and water systems. Memorial CDC assists with coordination after EWSU confirms eligibility.
• Deaconess Clinic - MemorialcoreStrategic or Co-development PartnerShared vision to advance health equity and improve health outcomes for center city residents. Located on Memorial CDC property. New patients welcome; hours Monday-Friday 8am-5pm.
• Memorial Baptist ChurchcoreStrategic or Co-development PartnerFounding organization and sister organization. Memorial CDC was established in 1994 by Memorial Baptist Church under Rev. Dr. Adrian M. Brooks Sr. Church provides ongoing spiritual and community leadership support.
• Five African American Churches (SWAG Partnership)coreStrategic or Co-development PartnerFive African American churches partner with Memorial CDC to bring supplemental education services to youth through the SWAG (Students Working to Achieve Greatness) program, providing homework assistance, tutoring, mentoring, and meals.
• Adrian M. Brooks Sr. FoundationcoreStrategic or Co-development PartnerSister organization of Memorial CDC focused on continuing the legacy of community development and empowerment started by Rev. Dr. Adrian M. Brooks Sr.
• Our Times NewsminorStrategic or Co-development PartnerSister organization. AMB Foundation purchased the Our Times Newspaper from founder and community activist Sondra Matthews in April 2022.

Scale indicators6 records

Recent moves20 records

Expansion highlights5 records

Regional players

• Southwest Indiana Housing Authority: Public housing authority serving the same Evansville/southwest Indiana region; comparable affordable-housing tenant base and units, though government-owned rather than faith-affiliated like Memorial CDC.
• United Way of Southwestern Indiana: Regional United Way covering the same Evansville/southwest Indiana footprint; comparable as a community fundraising backbone that channels corporate and donor dollars to local programs, similar to Memorial CDC's grant and donation model.

Broad incumbents

• Local Initiatives Support Corporation (LISC): National CDFI and community-development intermediary financing affordable housing and neighborhood revitalization — comparable to Memorial CDC's capital campaign model and affordable housing development approach.
• Enterprise Community Partners: National nonprofit developing and preserving affordable housing with a community-driven model — comparable mission to Memorial CDC's affordable rental and homeownership programs at much larger national scale.
• NeighborWorks America (Evansville network): National affordable-housing and community-development intermediary with local affiliates doing similar housing development, homeowner education, and neighborhood revitalization — comparable to Memorial CDC's affordable housing pipeline and 50 Homes Initiative.

Direct peers

• YMCA of Southwestern Indiana: Regional YMCA serving the same Evansville market with childcare, youth programming, wellness, and community services — directly comparable wraparound service mix to Memorial CDC's childcare, youth development, and One Body of Faith wellness.
• Catholic Charities of Evansville: Faith-based social services nonprofit in the same Evansville market delivering emergency assistance, family support, and housing-related services — directly comparable to Memorial CDC's PATHS life coaching and Family Care wraparound model.
• Boys & Girls Clubs of Southwest Indiana: Youth-development nonprofit operating in the same regional market, offering after-school, summer, and teen programs comparable to Memorial CDC's SWAG tutoring, LifeSkills, Fit for the Future, and Youth Employment programs.
• Habitat for Humanity of Evansville: Local Habitat affiliate operating in the same Evansville market, focused on affordable homeownership and home repair — directly comparable to Memorial CDC's affordable housing and 50 Homes Initiative. Both serve low-income center city households.

Others

• Community Foundation Alliance: Regional community foundation serving southwestern Indiana that has actually funded Memorial CDC's capital campaigns — comparable as a funding ecosystem partner and useful adjacency for understanding the local philanthropic landscape.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/memorial-community-development-corporation

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MEMORIAL COMMUNITY DEVELOPMENT CORPORATION