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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Community Improvement & Capacity Building Madison Development Corporation

Madison Development Corporation

Fiscal year ending 2019. Filed on April 28, 2020.

550 W Washington Ave
Madison, Wisconsin 53703

Madison Development Corporation (EIN: 39-1277471) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2019 IRS Form 990 filing, Madison Development Corporation, a 501(c)(3) charitable organization, reported compensation for 1 out of 16 total employees. Among the employees shown here, the average compensation is $187,659. The highest compensated employee at Madison Development Corporation is Lorrie Heinemann with fiscal year 2019 compensation of $187,659.

Revenue, expenses, and employee compensation

Revenue

$4,227,572

Expenses

$3,884,170

Employee compensation

$978,894
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lorrie Heinemann
President and Chief Executive Officer
$187,659
$151,830 No related comp$35,829

Benchmark Employee Compensation

Non-Employee Board Members

Anne Morrison
Director
Dante Viscarra
Director
Julia Stone
Director
Mary Strickland
Director
Mike Kollath
Treasurer
Richard Arnesen
Chair
Rob Bergenthal
Director
Ronald Trachtenberg
Director
Scott Resnick
Director
Stuart Levitan
Director
Tom Golden
Secretary
Tony Koblinski
Director

Contractors

Connery Construction
New Construction
$1,725,777
Ryan's Renovations LLC
Remodeling
$165,133

Mission Statement

TO COORDINATE THE ACTIVITIES OF THE PUBLIC AND PRIVATE SECTORS SO AS TO CONSTRUCTIVELY USE THE RESOURCES OF EACH TO ACHIEVE GREATER MADISON AND DANE COUNTY WIDE ECONOMIC GROWTH, TO PROVIDE HIGH-QUALITY AFFORDABLE WORKFORCE HOUSING AND ASSIST IN THE FINANCING OF BOTH.

Revisions to this organization profile

August 7, 2025:
2024 Madison Development Corporation 990 filed
May 14, 2024:
2023 Madison Development Corporation 990 filed
May 16, 2023:
2022 Madison Development Corporation 990 filed

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Madison, West Virginia