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Employer Identification Number 39-1277471

MADISON DEVELOPMENT CORPORATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MADISON DEVELOPMENT CORPORATION
Employer identification number (EIN):39-1277471
EIN Issuing AuthorityPhiladelphia, PA
NAIC Classification:531110
NAIC Description:Lessors of Residential Buildings and Dwellings
401k Pension/Benefits registration MADISON DEVELOPMENT CORPORATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementMADISON DEVELOPMENT CORPORATION'S MISSION IS TO PROVIDE QUALITY AFFORDABLE HOUSING FOR MADISON AND DANE COUNTY RESIDENTS AND PROVIDES LOANS TO HARD TO FINANCE BUSINESSES.
Number of Employees15
Number of Volunteers26
Year Formed1977

Organization Governance

Legal DomicileWI
Voting Members - Governing Body13
Voting Members - Independent13

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,767,393
Program Service Revenue from current yearUSD $ 5,104,166
Investment Income from prior yearUSD $ 28,300
Investment Income from current yearUSD $ 71,395
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 6,446,775
Net assets / fund balances at end of fiscal yearUSD $ 10,493,669
Net assets / fund balances at beginning of fiscal yearUSD $ 9,151,471
Total liabilities at end of fiscal yearUSD $ 42,565,540
Total liabilities at beginning of fiscal yearUSD $ 24,132,877
Total assets at end of fiscal yearUSD $ 53,059,209
Total assets at beginning of fiscal yearUSD $ 33,284,348
Revenues less expenses for current yearUSD $ 1,342,198
Revenues less expenses for previous yearUSD $ 322,106
Total expenses for current yearUSD $ 5,094,577
Total expenses for previous yearUSD $ 4,624,451
Other expenses in current yearUSD $ 3,740,289
Other expenses in previous yearUSD $ 3,398,959
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,354,288
Employee salary and benefits paid in previous yearUSD $ 1,225,492
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 6,436,775
Total revenue in previous fiscal yearUSD $ 4,946,557
Contributions and grants from current yearUSD $ 1,261,214
Contributions and grants from previous yearUSD $ 150,864
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,692,629
Program Service Revenue from current yearUSD $ 4,767,393
Investment Income from prior yearUSD $ 106,471
Investment Income from current yearUSD $ 28,300
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,959,450
Net assets / fund balances at end of fiscal yearUSD $ 9,151,471
Net assets / fund balances at beginning of fiscal yearUSD $ 8,829,365
Total liabilities at end of fiscal yearUSD $ 24,132,877
Total liabilities at beginning of fiscal yearUSD $ 25,465,158
Total assets at end of fiscal yearUSD $ 33,284,348
Total assets at beginning of fiscal yearUSD $ 34,294,523
Revenues less expenses for current yearUSD $ 322,106
Revenues less expenses for previous yearUSD $ 563,269
Total expenses for current yearUSD $ 4,624,451
Total expenses for previous yearUSD $ 4,617,963
Other expenses in current yearUSD $ 3,398,959
Other expenses in previous yearUSD $ 3,469,564
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,225,492
Employee salary and benefits paid in previous yearUSD $ 1,148,399
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,946,557
Total revenue in previous fiscal yearUSD $ 5,181,232
Contributions and grants from current yearUSD $ 150,864
Contributions and grants from previous yearUSD $ 382,132
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,204,526
Program Service Revenue from current yearUSD $ 4,692,629
Investment Income from prior yearUSD $ 73,374
Investment Income from current yearUSD $ 106,471
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 5,663,741
Net assets / fund balances at end of fiscal yearUSD $ 8,829,365
Net assets / fund balances at beginning of fiscal yearUSD $ 8,266,096
Total liabilities at end of fiscal yearUSD $ 25,465,158
Total liabilities at beginning of fiscal yearUSD $ 28,220,963
Total assets at end of fiscal yearUSD $ 34,294,523
Total assets at beginning of fiscal yearUSD $ 36,487,059
Revenues less expenses for current yearUSD $ 563,269
Revenues less expenses for previous yearUSD $ 361,287
Total expenses for current yearUSD $ 4,617,963
Total expenses for previous yearUSD $ 3,977,113
Other expenses in current yearUSD $ 3,469,564
Other expenses in previous yearUSD $ 2,923,077
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 10,000
Employee salary and benefits paid in current yearUSD $ 1,148,399
Employee salary and benefits paid in previous yearUSD $ 1,044,036
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 5,181,232
Total revenue in previous fiscal yearUSD $ 4,338,400
Contributions and grants from current yearUSD $ 382,132
Contributions and grants from previous yearUSD $ 60,500
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 4,077,559
Program Service Revenue from current yearUSD $ 4,204,526
Investment Income from prior yearUSD $ 24,029
Investment Income from current yearUSD $ 73,374
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,430,394
Net assets / fund balances at end of fiscal yearUSD $ 8,266,096
Net assets / fund balances at beginning of fiscal yearUSD $ 7,904,809
Total liabilities at end of fiscal yearUSD $ 28,220,963
Total liabilities at beginning of fiscal yearUSD $ 28,983,669
Total assets at end of fiscal yearUSD $ 36,487,059
Total assets at beginning of fiscal yearUSD $ 36,888,478
Revenues less expenses for current yearUSD $ 361,287
Revenues less expenses for previous yearUSD $ 343,402
Total expenses for current yearUSD $ 3,977,113
Total expenses for previous yearUSD $ 3,884,170
Other expenses in current yearUSD $ 2,923,077
Other expenses in previous yearUSD $ 2,905,276
Total fundraising expenses in current yearUSD $ 10,000
Professional fundraising fees from current yearUSD $ 10,000
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 1,044,036
Employee salary and benefits paid in previous yearUSD $ 978,894
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,338,400
Total revenue in previous fiscal yearUSD $ 4,227,572
Contributions and grants from current yearUSD $ 60,500
Contributions and grants from previous yearUSD $ 125,984
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 3,553,455
Program Service Revenue from current yearUSD $ 4,077,559
Investment Income from prior yearUSD $ 6,159
Investment Income from current yearUSD $ 24,029
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 4,227,572
Net assets / fund balances at end of fiscal yearUSD $ 7,904,809
Net assets / fund balances at beginning of fiscal yearUSD $ 7,591,477
Total liabilities at end of fiscal yearUSD $ 28,983,669
Total liabilities at beginning of fiscal yearUSD $ 20,882,060
Total assets at end of fiscal yearUSD $ 36,888,478
Total assets at beginning of fiscal yearUSD $ 28,473,537
Revenues less expenses for current yearUSD $ 343,402
Revenues less expenses for previous yearUSD $ 285,765
Total expenses for current yearUSD $ 3,884,170
Total expenses for previous yearUSD $ 3,377,103
Other expenses in current yearUSD $ 2,905,276
Other expenses in previous yearUSD $ 2,518,790
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 978,894
Employee salary and benefits paid in previous yearUSD $ 858,313
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 4,227,572
Total revenue in previous fiscal yearUSD $ 3,662,868
Contributions and grants from current yearUSD $ 125,984
Contributions and grants from previous yearUSD $ 103,254
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 1,340
Program Service Revenue from prior yearUSD $ 2,865,814
Program Service Revenue from current yearUSD $ 3,553,455
Investment Income from prior yearUSD $ 1,900
Investment Income from current yearUSD $ 6,159
Other Revenue from prior yearUSD $ 79,063
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,662,868
Net assets / fund balances at end of fiscal yearUSD $ 7,591,477
Net assets / fund balances at beginning of fiscal yearUSD $ 5,084,253
Total liabilities at end of fiscal yearUSD $ 20,882,060
Total liabilities at beginning of fiscal yearUSD $ 19,445,103
Total assets at end of fiscal yearUSD $ 28,473,537
Total assets at beginning of fiscal yearUSD $ 24,529,356
Revenues less expenses for current yearUSD $ 285,765
Revenues less expenses for previous yearUSD $ 197,739
Total expenses for current yearUSD $ 3,377,103
Total expenses for previous yearUSD $ 2,803,098
Other expenses in current yearUSD $ 2,518,790
Other expenses in previous yearUSD $ 2,525,446
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 858,313
Employee salary and benefits paid in previous yearUSD $ 277,652
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,662,868
Total revenue in previous fiscal yearUSD $ 3,000,837
Contributions and grants from current yearUSD $ 103,254
Contributions and grants from previous yearUSD $ 54,060
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,635,720
Program Service Revenue from current yearUSD $ 2,865,814
Investment Income from prior yearUSD $ 618,442
Investment Income from current yearUSD $ 1,900
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 79,063
Gross receipts from all sourcesUSD $ 3,000,837
Net assets / fund balances at end of fiscal yearUSD $ 5,084,253
Net assets / fund balances at beginning of fiscal yearUSD $ 4,846,484
Total liabilities at end of fiscal yearUSD $ 19,445,103
Total liabilities at beginning of fiscal yearUSD $ 19,439,401
Total assets at end of fiscal yearUSD $ 24,529,356
Total assets at beginning of fiscal yearUSD $ 24,285,885
Revenues less expenses for current yearUSD $ 197,739
Revenues less expenses for previous yearUSD $ 732,101
Total expenses for current yearUSD $ 2,803,098
Total expenses for previous yearUSD $ 2,522,061
Other expenses in current yearUSD $ 2,525,446
Other expenses in previous yearUSD $ 1,834,738
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 277,652
Employee salary and benefits paid in previous yearUSD $ 687,323
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,000,837
Total revenue in previous fiscal yearUSD $ 3,254,162
Contributions and grants from current yearUSD $ 54,060
Contributions and grants from previous yearUSD $ 0
Total of other revenueUSD $ 79,063
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 2,509,099
Program Service Revenue from current yearUSD $ 2,635,720
Investment Income from prior yearUSD $ 1,589
Investment Income from current yearUSD $ 618,442
Other Revenue from prior yearUSD $ 0
Other Revenue from current yearUSD $ 0
Gross receipts from all sourcesUSD $ 3,503,915
Net assets / fund balances at end of fiscal yearUSD $ 4,846,484
Net assets / fund balances at beginning of fiscal yearUSD $ 4,114,383
Total liabilities at end of fiscal yearUSD $ 19,439,401
Total liabilities at beginning of fiscal yearUSD $ 13,558,426
Total assets at end of fiscal yearUSD $ 24,285,885
Total assets at beginning of fiscal yearUSD $ 17,672,809
Revenues less expenses for current yearUSD $ 732,101
Revenues less expenses for previous yearUSD $ 1,084,232
Total expenses for current yearUSD $ 2,522,061
Total expenses for previous yearUSD $ 2,404,024
Other expenses in current yearUSD $ 1,834,738
Other expenses in previous yearUSD $ 1,756,942
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 687,323
Employee salary and benefits paid in previous yearUSD $ 647,082
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 0
Grants and similar amounts paid in previous yearUSD $ 0
Total revenue in current fiscal yearUSD $ 3,254,162
Total revenue in previous fiscal yearUSD $ 3,488,256
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 977,568

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 391277471

USA Location Address
550 WEST WASHINGTON AVE.
MADISON
WI
53703
Date first seen: 2007-01-01
Date last seen: 2024-09-30
USA Mailing Address
550 W WASHINGTON AVE
MADISON
WI
537032616
Date first seen: 2014-06-04
Date last seen: 2024-05-14

Nearby companies/organizations

The following companies are located in the same ZIP code areas:

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