Civic Intelligence

Madison Development Corporation

EIN 39-1277471 • 501(c)3 • Madison, WI

View Organization Page

Profile

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.

550 W Washington AveMadison, WI 53703

www.mdcorp.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.80x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

7.05x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

63rd percentile

10%

Higher net margin than 63% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

27th percentile

$237,821

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

50th percentile

5.9%

Faster asset growth than 50% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-0.8%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$56,169,986

Up $3,110,777 (+5.9%) from 2023

Liabilities

Up

$45,057,953

Up $2,492,413 (+5.9%) from 2023

Net Assets

Up

$11,112,033

Up $618,364 (+5.9%) from 2023

Operations
Liabilities / Revenue96th percentileNet Margin63rd percentile

Revenue

Down

$6,388,304

Down $48,471 (-0.8%) from 2023

Expenses

Up

$5,744,696

Up $650,119 (+13%) from 2023

Net Income

Down

$643,608

Down $698,590 (-52%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth50th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $10,778,200Liabilities 2010: $9,112,221Net Assets 2010: $1,665,9792010Assets 2011: $10,446,843Liabilities 2011: $8,860,669Net Assets 2011: $1,586,1742011Assets 2012: $9,688,564Liabilities 2012: $8,163,631Net Assets 2012: $1,524,9332012Assets 2013: $10,364,417Liabilities 2013: $8,644,094Net Assets 2013: $1,720,3232013Assets 2014: $15,776,070Liabilities 2014: $12,745,919Net Assets 2014: $3,030,1512014Assets 2015: $17,672,809Liabilities 2015: $13,558,426Net Assets 2015: $4,114,3832015Assets 2016: $24,285,885Liabilities 2016: $19,439,401Net Assets 2016: $4,846,4842016Assets 2017: $24,529,356Liabilities 2017: $19,445,103Net Assets 2017: $5,084,2532017Assets 2018: $28,473,537Liabilities 2018: $20,882,060Net Assets 2018: $7,591,4772018Assets 2019: $36,888,478Liabilities 2019: $28,983,669Net Assets 2019: $7,904,8092019Assets 2020: $36,487,059Liabilities 2020: $28,220,963Net Assets 2020: $8,266,0962020Assets 2021: $34,294,523Liabilities 2021: $25,465,158Net Assets 2021: $8,829,3652021Assets 2022: $33,284,348Liabilities 2022: $24,132,877Net Assets 2022: $9,151,4712022Assets 2023: $53,059,209Liabilities 2023: $42,565,540Net Assets 2023: $10,493,6692023Assets 2024: $56,169,986Liabilities 2024: $45,057,953Net Assets 2024: $11,112,0332024

Highlighted filing

2024

Assets$56,169,986
Liabilities$45,057,953
Net Assets$11,112,033
Open 2024 Filing

Operations Trend

Revenue Growth27th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $1,548,6882010Expenses 2011: $1,801,8352011Expenses 2012: $1,561,7402012Revenue 2013: $1,850,299Expenses 2013: $1,654,909Net Income 2013: $195,3902013Revenue 2014: $1,753,773Expenses 2014: $1,844,024Net Income 2014: -$90,2512014Revenue 2015: $3,488,256Expenses 2015: $2,404,024Net Income 2015: $1,084,2322015Revenue 2016: $3,254,162Expenses 2016: $2,522,061Net Income 2016: $732,1012016Revenue 2017: $3,000,837Expenses 2017: $2,803,098Net Income 2017: $197,7392017Revenue 2018: $3,662,868Expenses 2018: $3,377,103Net Income 2018: $285,7652018Revenue 2019: $4,227,572Expenses 2019: $3,884,170Net Income 2019: $343,4022019Revenue 2020: $4,338,400Expenses 2020: $3,977,113Net Income 2020: $361,2872020Revenue 2021: $5,181,232Expenses 2021: $4,617,963Net Income 2021: $563,2692021Revenue 2022: $4,946,557Expenses 2022: $4,624,451Net Income 2022: $322,1062022Revenue 2023: $6,436,775Expenses 2023: $5,094,577Net Income 2023: $1,342,1982023Revenue 2024: $6,388,304Expenses 2024: $5,744,696Net Income 2024: $643,6082024

Highlighted filing

2024

Revenue$6,388,304
Expenses$5,744,696
Net Income$643,608
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$56,169,986
Liabilities
$45,057,953
Net assets
$11,112,033
Revenue
$6,388,304
Expenses
$5,744,696
Net income
$643,608
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$56.2$45.1$11.1$6.39$5.74$0.64
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$53.1$42.6$10.5$6.44$5.09$1.34
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$33.3$24.1$9.15$4.95$4.62$0.32
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$34.3$25.5$8.83$5.18$4.62$0.56
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.5$28.2$8.27$4.34$3.98$0.36
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$36.9$29.0$7.90$4.23$3.88$0.34
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$28.5$20.9$7.59$3.66$3.38$0.29
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.5$19.4$5.08$3.00$2.80$0.20
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$24.3$19.4$4.85$3.25$2.52$0.73
2015Detailed filing. Detailed filing data is available for this year.$17.7$13.6$4.11$3.49$2.40$1.08
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$12.7$3.03$1.75$1.84$0.09
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$10.4$8.64$1.72$1.85$1.65$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.69$8.16$1.52$1.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$8.86$1.59$1.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$9.11$1.67$1.55
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 31, 2025
Return Version
2024v5.2
Gross Receipts
$6,388,304
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$35,169,021$45,114,609▲ $9,945,588
Investments Program Related$3,369,841$5,738,679▲ $2,368,838
Savings and Temporary Cash Investments$13,958,857$4,957,950▼ $9,000,907
Pledges and Grants Receivable$222,325$0▼ $222,325
Cash and Non-Interest-Bearing Accounts$226,222$123,104▼ $103,118
Prepaid Expenses and Deferred Charges$89,330$106,445▲ $17,115
Accounts Receivable$23,613$81,374▲ $57,761
Total Assets$53,059,209$56,169,986▲ $3,110,777
Other Assets Total$0$47,825▲ $47,825
Liabilities
Mortgage Notes Payable Secured by Investment Property$37,271,149$37,494,148▲ $222,999
Other Liabilities$2,840,858$5,883,932▲ $3,043,074
Accounts Payable and Accrued Expenses$754,850$1,042,065▲ $287,215
Deferred Revenue$452,002$528,076▲ $76,074
Unsecured Notes Loans Payable$1,246,681$109,732▼ $1,136,949
Total Liabilities$42,565,540$45,057,953▲ $2,492,413
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$10,493,669$11,112,033▲ $618,364
Total Net Assets Fund Balance$10,493,669$11,112,033▲ $618,364
Total Liabilities and Net Assets / Fund Balance$53,059,209$56,169,986▲ $3,110,777

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$40,805,096$13,687,736$54,492,832
Land$3,963,335-$3,963,335
Equipment$199,538$500,515$700,053
Other Land Buildings$146,640-$146,640
Investment Program Related Org$1,017,500--
Compensation and Service Providers
Top Officer Pay27th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lorrine HeinemannPresident - CEOFT$181,678$56,143$237,821
Abigail WallhausVP of Finance & CFOFT$128,204$35,762$163,966
Cashton LaufenbergVP of HousingFT$106,397$16,967$123,364

Board Members and Trustees

NameTitle
Mike KollathChairperson & Treasurer (beg July)
Mary StricklandVice-chairperson
Ed LeeDirector
Paul AylesworthDirector
Rebecca ProcheskaDirector
Rich ArnesenDirector
Rob BergenthalDirector
Scott ResnickDirector
Stuart LevitanDirector
Julia StoneDirector (thru June)
Ron TrachtenbergSecretary
John GranseeTreasurer (thru June)
Revenue and Support

Revenue Composition

Contributions and Grants
$16,215
Program Service Revenue
$6,177,385
Investment Income
$194,704
Other Revenue
$0
All Other Contributions
$15,550
Change in Net Assets
$643,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,467,754
Salaries, Compensation, and Employee Benefits$1,276,942
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,394,707--$1,394,707
Occupancy$1,339,883$19,062-$1,358,945
Interest$1,259,142--$1,259,142
Current Officers, Directors, Trustees, and Key Employees$418,150$107,001-$525,151
Other Salaries and Wages$393,933$100,806-$494,739
Other Employee Benefits$113,765$29,111-$142,876
Fees for Services Other$139,447$3,399-$142,846
Payroll Taxes$60,054$15,367-$75,421
Information Technology$52,179$13,637-$65,816
Other Expenses$64,313$42,968-$42,968
Office Expenses$25,463$15,498-$40,961
Pension Plan Contributions$30,859$7,896-$38,755
Fees for Services Accounting-$34,872-$34,872
Fees for Services Legal-$30,365-$30,365
Advertising$20,976$5,482-$26,458
Total Functional Expenses$5,312,871$431,825$0$5,744,696
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Community Development Office$3,157,038
Due to Venture Debt Lenders$2,176,894
Due to Century Ave Investor LLC$550,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 7A

“8 members of the board of directors shall be appointed by the mayor of the city of madison subject to confirmation by the common council and shall serve at the discretion of the mayor of the city of madison.”

Form 990, Part VI, Section B, Line 11B

“The prepared form 990 is reviewed and approved by the organization's president - ceo and treasurer before the return is filed with the irs.”

Form 990, Part VI, Section B, Line 12C

“Annually, all members of the governing body complete and sign a statement that discloses all potential conflicts of interest. The conflict of interest statements are submitted to and kept by the city of madison. No director, officer or employee of the corporation shall have or acquire any interest, direct or indirect, in any project which the corporation is promoting, or any contract relating to any such project of the corporation, without making written disclosure to the corporation of the nature and extent of his or her interest; such disclosure shall be entered in the minute book of the corporation. No director who has such interest shall participate in the discussion or voting on any matter relating to such interest.”

Form 990, Part VI, Section B, Line 15

“The members of the governing body's executive committee conduct an annual review of the president - ceo , review compensation data for comparable positions at similar agencies, and recommend a compensation level to the members of the governing body for approval. The president - ceo conducts an annual review of the vp of finance & cfo, reviews compensation data for comparable positions at similar agencies, and recommends a compensation level to the executive committee body for approval.”

Form 990, Part VI, Section C, Line 19

“The organization made its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Madison Development Corporation
EIN
39-1277471
Phone
6082562799
Address
550 W WASHINGTON AVE, MADISON, WI 53703

Signing Officer

Name
Lorrine Heinemann
Title
President - CEO
Phone
6082562799
Signed
2025-07-31
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lorrine Heinemann
Formed
1977
Legal Domicile
Wi
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
42

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Jason Stephens CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

FORM 990, PART V, LINE 2A:

“Madison development corporation leases employees from a professional employment organization, tandem prof emp services llc. The employees are considered common law employees of madison development corporation, however, tandem prof emp services llc is the employer of record and employees get their w2s from tandem prof emp services llc.”

FORM 990, PART XI, LINE 9:

“Loss on investments in small businesses -25,244.”

Raw XML AppendixShowing 400 of 613 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivityOrMissionDesc0TO 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.
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13146238
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt14106397
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRPERSON & TREASURER (BEG JULY)
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE-CHAIRPERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER (THRU JUNE)
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR (THRU JUNE)
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12PRESIDENT - CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VP OF FINANCE & CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt14VP OF HOUSING
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IRS990/FSAuditedInd01
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IRS990/GainOrLossGrp/SecuritiesAmt028947
IRS990/GamingActivitiesInd00
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IRS990/GovernmentGrantsAmt0665
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt028947
IRS990/GrossReceiptsAmt06388304
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt013637
IRS990/InformationTechnologyGrp/ProgramServicesAmt052179
IRS990/InformationTechnologyGrp/TotalAmt065816
IRS990/InterestGrp/ProgramServicesAmt01259142
IRS990/InterestGrp/TotalAmt01259142
IRS990/InvestmentIncomeGrp/ExclusionAmt0165757
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0165757
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt05738679
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IRS990/LandBldgEquipCostOrOtherBssAmt059302860
IRS990/LegalDomicileStateCd0WI
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IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0MADISON 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt037494148
IRS990/NetAssetsOrFundBalancesBOYAmt010493669
IRS990/NetAssetsOrFundBalancesEOYAmt011112033
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt028947
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt028947
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt010493669
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt011112033
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019062
IRS990/OccupancyGrp/ProgramServicesAmt01339883
IRS990/OccupancyGrp/TotalAmt01358945
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015498
IRS990/OfficeExpensesGrp/ProgramServicesAmt025463
IRS990/OfficeExpensesGrp/TotalAmt040961
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt047825
IRS990/OtherChangesInNetAssetsAmt0-25244
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt029111
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0113765
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0142876
IRS990/OtherExpensesGrp/Desc0DUES AND SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc1CREDIT LOSS EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06361
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt142968
IRS990/OtherExpensesGrp/ProgramServicesAmt064313
IRS990/OtherExpensesGrp/TotalAmt070674
IRS990/OtherExpensesGrp/TotalAmt142968
IRS990/OtherLiabilitiesGrp/BOYAmt02840858
IRS990/OtherLiabilitiesGrp/EOYAmt05883932
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0100806
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0393933
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IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt015367
IRS990/PayrollTaxesGrp/ProgramServicesAmt060054
IRS990/PayrollTaxesGrp/TotalAmt075421
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt07896
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt030859
IRS990/PensionPlanContributionsGrp/TotalAmt038755
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0222325
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt089330
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0106445
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IRS990/ProgramServiceRevenueGrp/Desc2INTEREST ON LOANS RECEIVABLE
IRS990/ProgramServiceRevenueGrp/Desc3PROGRAM FEES AND OTHER
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1308108
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2281288
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3178923
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1308108
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2281288
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3178923
IRS990/ProgSrvcAccomActy2Grp/Desc0ECONOMIC DEVELOPMENT: IN 2024, MDC APPROVED AND CLOSED 6 NEW TECHNOLOGY-BASED LOANS THROUGH ITS VENTURE DEBT LOAN FUND, 5 LOANS THROUGH ITS BUSINESS LOAN PROGRAM AND 5 THROUGH ITS SMALL CAP TIF LOAN PROGRAM. THESE LOANS WILL BE USED TO LEVERAGE EQUITY CAPITAL THAT THESE SMALL BUSINESSES HAVE RAISED AND WILL ALLOW THE COMPANIES TO REACH ADDITIONAL MILESTONES IN THEIR DEVELOPMENT. THESE BUSINESSES ARE PROJECTED TO CREATE 21 NEW JOBS OVER THE NEXT 2 YEARS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0654236
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0768319
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IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt071395
IRS990/PYOtherExpensesAmt03740289
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt05104166
IRS990/PYRevenuesLessExpensesAmt01342198
IRS990/PYSalariesCompEmpBnftPaidAmt01354288
IRS990/PYTotalExpensesAmt05094577
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06436775
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0643608
IRS990/RegularMonitoringEnfrcInd01
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IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
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IRS990/ReportProgramRelatedInvstInd01
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt04957950
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01261214
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0150864
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0382132
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt060500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01870925
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0165757
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt070261
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt019884
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05285
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt07068
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0268255
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt024946099
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IRS990ScheduleA/PublicSupportCY170Pct00.84730
IRS990ScheduleA/PublicSupportPY170Pct00.91160
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IRS990ScheduleA/SubstantialContributorsTotAmt058449
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt016215
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01261214
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0150864
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0382132
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt060500
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01870925
IRS990ScheduleA/TotalSupportAmt02139180
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt054492832
IRS990ScheduleD/EquipmentGrp/BookValueAmt0199538
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0500515
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0700053
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0318460
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12056834
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt22276922
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt368963
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt41017500
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENTS IN SMALL BUSINESSES
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1BUSINESS LOAN PROGRAM
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2VENTURE DEBT LOAN PROGRAM
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3ACCURED INTEREST RECEIVABLE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4TAX INCREMENTAL DISTRICT PROGRAM
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C

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