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Organizations Community Improvement & Capacity Building Madison Development Corporation

Madison Development Corporation

Fiscal year ending 2023. Filed on May 14, 2024.

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 2023 IRS Form 990 filing, Madison Development Corporation, a 501(c)(3) charitable organization, reported compensation for 4 employees. Among the employees shown here, the average compensation is $150,696. The highest compensated employee at Madison Development Corporation is Lorrine Heinemann with fiscal year 2023 compensation of $210,097.

Revenue, expenses, and employee compensation

Revenue

$6,436,775

Expenses

$5,094,577

Employee compensation

$1,354,288
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Lorrine Heinemann
President and Chief Executive Officer
$210,097
$184,645 No related comp$25,452
Abigail Wallhaus
Vice President and Chief Financial Officer
$139,798
$130,431 No related comp$9,367
Juan Gomez
Vice President of Lending and Investment
$132,274
$117,710 No related comp$14,564
Harry Irwin
Facilities Manager
$120,616
$113,108 No related comp$7,508

Benchmark Employee Compensation

Non-Employee Board Members

Anne Neujahr Morrison
Secretary (Thru June)
Dante Viscarra
Director (Part-Year)
Ed Lee
Director
John Gransee
Treasurer (From July)
Julia Stone
Director
Mary Strickland
VICE Chair (From July)
Mike Kollath
Treasurer (Thru June)/Chair (From July)
Paul Aylesworth
Director
Rich Arnesen
Chair (Thru June) and Director
Rob Bergenthal
Director
Ron Trachtenberg
Secretary (From July)
Scott Resnick
Director

Contractors

Connery Construction
Construction
$5,737,407
Boley Tree & Landscape
Landscaping/Snow Plowing
$184,950

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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