Madison Development Corporation
Madison Development Corporation
Want to make a donation using Daffy?
Lower your income taxes with a charitable deduction this year when you donate to this non-profit via Daffy.
Do you work for Madison Development Corporation? Learn more here.
By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.
About this organization
Mission
Madison Development Corporation's mission is to help provide quality employment opportunities by making loans to hard to finance small businesses and to provide quality, affordable housing for Madison and Dane County residents.
About
Housing - of the 305 units offered by Madison Development Corporation, 166 units were occupied by households at or below the United States Department of Housing and Urban Development's (HUD) very low income limit (with incomes at or below 50% of the county median income). Including these units, a total of 248 units were occupied by households at or below 120% of HUD's very-low income limit (with incomes at or below 60% of the county median income).
Interesting data from their 2020 990 filing
The filing reveals the mission of the non-profit as “Madison development corporation's mission is to help provide quality employment opportunities by making loans to hard to finance small businesses; and to provide quality, affordable housing for madison and dane county residents.”.
When detailing its functions, they were listed as: “Madison development corporation's mission is to coordinate the activities of the public & private sectors to efficiently use the resources of each to achieve economic development, affirmative action, increaseed employment and local neighborhood improvement in the city of madison, wisconsin.”.
- According to the law, the state where the non-profit operates has been reported as WI.
- The filing specifies that the non-profit's address in 2020 was 550 W WASHINGTON AVE, MADISON, WI, 537032616.
- As of 2020, the non-profit's form shows they have a total of 16 employees.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $343,402.
- The organization has 13 independent voting members.
- The organization was formed in 1977.
- The organization pays $978,894 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.