Mission
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.
Public Charity
MADISON DEVELOPMENT CORPORATION
MADISON DEVELOPMENT CORPORATION is a Public Charity headquartered in MADISON, WI. Financial data from the 2024 filing: $6.4M revenue, $5.7M expenses, $56.2M total assets. 1 publicly reported grants to this organization, totaling roughly $10K, appear in IRS filings.
EIN: 391277471
MADISON, WI
Latest filing: 2024
Total Revenue$6.4M
Total Expenses$5.7M
Total Assets$56.2M
Grant Records1
Funding Total$10K
Filing Years2020–2024
Sample Grants Received
PUBLIC AND SOCIETAL BENEFIT PROGRAM SUPPORT
$10,000
Showing up to 5 of 1 total records — full history available with membership.
Officers & Directors
VP OF FINANCE & CFO
Abigail Wallhaus
VP OF HOUSING
Cashton Laufenberg
DIRECTOR
Ed Lee
TREASURER (THRU JUNE)
John Gransee
DIRECTOR (THRU JUNE)
Julia Stone
PRESIDENT - CEO
Lorrine Heinemann
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2024 | $6.4M | $5.7M | $56.2M |
| 2023 | $6.4M | $5.1M | $53.1M |
| 2022 | $4.9M | $4.6M | $33.3M |
| 2021 | $5.2M | $4.6M | $34.3M |
| 2020 | $4.3M | $4.0M | $36.5M |
Between 2020 and 2024, reported annual revenue grew from $4.3M to $6.4M (+47%), with total assets most recently reported at $56.2M.
Interactive year-over-year charts and full filing details available with membership.