Nonpartisan civic infrastructure
AllCiv·Legis1
·

Madison Development Corporation

Public charityFed auditsIRS 990
Community Development · MADISON, WI · EIN 39-1277471

About

Madison development corporation (MDC)'s mission is to help create jobs by providing GAP financing to small businesses and to develop and finance quality, affordable workforce housing units in madison and the DANE county AREA.

Donations are tax-deductible
Category
Community Development
Employees
0
Volunteers
42

Financial Snapshot

FY ending 2024-12-31
Revenue
$6.4M
Expenses
$5.7M
Assets
$56.2M
Liabilities
$45.1M

Financial history

$6.4M$3.2M$0
161718192021222324
RevenueExpenses
Latest FY2024: $6.4M · Peak FY2023: $6.4M · Avg: $4.8M
MADISON DEVELOPMENT CORPORATION
Your actions

Address

550 W Washington AVE
Madison, WI, 53703-261

Governance

Voting board members10
Independent members10
Conflict-of-interest policyYes
Whistleblower policyYes
Doc-retention policyYes
Audit committeeYes
990 reviewed by boardNo

Compensation practices

Severance paymentsNo
Equity-based compNo
Supplemental retirement planNo
Compensation committeeYes
Used comp surveyYes
Board approved compYes
Initial contract exceptionNo
Public records
ProPublica Nonprofit Explorer ↗
Full 990 PDFs going back to 2001, plus parsed financial extracts. The easiest place to read actual filings.
IRS Tax Exempt Organization Search ↗
IRS-side authoritative source. Confirms current exempt status and pulls the latest determination letter.
These open in a new tab. AllCiv doesn't host filings directly — these are the authoritative public-record sources.