Mdc Inc

What it reported doing in 2024

Our economic security & mobility (esm) team designs programs and advocates for policies that keep money in the hands of workers and families in southern communities who spend their dollars on housing, groceries, childcare, and small businesses. In short, investing in people means investing in community strength. We partner with communities and organizations to address the root causes of economic insecurity by connecting policy to people's daily lives. Through coalition-building, narrative change, and systems design rooted in lived experience, we push for policies that reward labor fairly, create a just tax system, reduce student debt, and ensure that economic benefits flow back to those doing the work that builds community.North Carolina tax coalition: mdc convenes the nc tax coalition to advocate for an equitable tax system. The North Carolina tax credit coalition made significant strides toward becoming a respected leader in our state's tax landscape in 2025. We developed a comprehensive action plan to guide program innovation and policy initiatives and established three dynamic work groups focused on free tax preparation, tax advocacy, and coalition building. Mdc recently produced a report for the coalition that explores the potential for a renter's tax credit in north carolinalaying the groundwork for future policy solutions that center equity and impact. IRS direct file was implemented in North Carolina in 2025 for 2024 tax season after mdc and coalition partners successfully advocated for the program. Nc was the first state with a state income tax in the south to join direct file. While uptake was limited and the program has been halted under the current administration, this work demonstrates what's possible when people come together to push for change. North Carolina student debt relief coalition: the North Carolina student debt relief coalition (nc sdrc), convened by mdc, aims to protect borrowers and ensure North Carolina's workers have the tools needed to effectively manage their student debt burdens and participate fully in our local economies. Through a statewide policy roundtable, landscape mapping, and firsthand borrower stories collected in 2025, the sdrc identified urgent reforms needed to protect and support North Carolina's 1.4 million borrowers from mismanagement and predatory practices. These insights shaped public comments, sign-on letters, and requests for information that the coalition submitted to inform policy design. This fall (2025), the mdc and sdrc hosted a podcast episode about the impact of student loan debt and related policy changes on southerners' health and financial wellbeing. To help borrowers navigate shifting repayment regulations with confidence, the coalition published timely borrower guides and hosted webinars on student loan repayment and public service loan forgiveness. Our presentation at the pathways to prosperity conference equipped organizations and employers with tools to advocate for borrower-friendly policies and support staff and constituencies in managing student debt. Integrated services delivery: mdc supports integrated service delivery backbone organizations like hayti reborn justice movement (hrjm) by strengthening their data collection, internal communication, and participant engagement tracking, and staff capacity to better serve participants. Mdc also provides ongoing, people-centered, trauma-informed coaching and technical assistance to hrjm staff, helping them align wraparound services with residents' self-defined goals and reinforcing backward planning from participant outcomes.

Financial Efficiency

• Mission deployment rate: 62.9%; rating input score 63
• Program expense ratio: 73.6%; rating input score 74
• Fundraising efficiency: $38.61 raised per $1 spent on fundraising; rating input score 74; 74th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
• Pay-setting controls: 0 of 6 controls in place; rating input score 0
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Missing
  • Written employment contract: Missing
  • Compensation survey or study: Missing
  • Board or committee approval: Missing
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 87.5%; rating input score 88; 19th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 16.9%; rating input score 73; 73rd percentile among comparable filings
• Total-asset coverage ratio: 1.78; rating input score 58; 58th percentile among comparable filings
• Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
• Officer compensation ratio: 16.1%; rating input score 17; 17th percentile among comparable filings

Growth

• Program expense growth: 10% per year; rating input score 100; 64th percentile among comparable filings
• Revenue growth: 10.7% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 19.1% per year; rating input score 100; 82nd percentile among comparable filings