Civic Intelligence

Madis Place Inc.

990 • Fiscal year 2023 • EIN 46-2814596

Jan 01, 2023 to Dec 31, 2023 • Filed on Mar 14, 2024

Organization ProfileN/A
2824 Todkill TraceEdgewood, MD 21040

(410) 588-9481

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

88th percentile

0.54x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

81st percentile

0.31x

Higher debt load relative to revenue than 81% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

86th percentile

38%

Higher net margin than 86% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

6th percentile

-35%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

50%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets88th percentile

Assets

Down

$331,349

Down $180,586 (-35%) from 2022

Net Assets

Down

$151,302

Down $70,295 (-32%) from 2022

Liabilities

Down

$180,047

Down $110,291 (-38%) from 2022

Revenue And Expenses
Liabilities / Revenue81st percentileNet Margin86th percentile

Revenue

Up

$581,301

Up $193,245 (+50%) from 2022

Expenses

Up

$361,460

Up $152,664 (+73%) from 2022

Net Income

Up

$219,841

Up $40,581 (+23%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2021: $401,634Liabilities 2021: $359,297Net Assets 2021: $42,3372021Assets 2022: $511,935Liabilities 2022: $290,338Net Assets 2022: $221,5972022Assets 2023: $331,349Liabilities 2023: $180,047Net Assets 2023: $151,3022023

Highlighted filing

2023

Assets$331,349
Liabilities$180,047
Net Assets$151,302
Open 2023 Filing

Operations Trend

Revenue Growth81st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2021: $217,811Expenses 2021: $200,723Net Income 2021: $17,0882021Revenue 2022: $388,056Expenses 2022: $208,796Net Income 2022: $179,2602022Revenue 2023: $581,301Expenses 2023: $361,460Net Income 2023: $219,8412023

Highlighted filing

2023

Revenue$581,301
Expenses$361,460
Net Income$219,841
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Mar 14, 2024
Return Version
2023v4.0
Gross Receipts
$581,301
Mission and Program Overview

Mission

Madis place inc is a non-profit public service organization, licensed to provide residential services, respite care services, and nursing support services to children with diveleopmental disabilities ranging from ages 10 to 18.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$497,200--
Cash and Non-Interest-Bearing Accounts$8,547$250,483▲ $241,936
Other Notes and Loans Receivable, Net-$51,974-
Intangible Assets-$28,892-
Prepaid Expenses and Deferred Charges$382--
Total Assets$506,129$331,349▼ $174,780
Liabilities
Unsecured Notes Loans Payable-$179,578-
Accounts Payable and Accrued Expenses$290,338$469▼ $289,869
Total Liabilities$290,338$180,047▼ $110,291
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$215,791$151,302▼ $64,489
Total Net Assets Fund Balance$215,791$151,302▼ $64,489
Total Liabilities and Net Assets / Fund Balance$506,129$331,349▼ $174,780

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$5,958-
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Breal L Madison SrManaging Director
Revenue and Support

Revenue Composition

Contributions and Grants
$581,301
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$240,181
Change in Net Assets
$219,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$361,460
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$279,551--$279,551
Occupancy$59,683--$59,683
Other Expenses$18,424--$18,424
Total Functional Expenses$361,460$0$0$361,460
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Governing body decisions Part VI line 7B

“The board of directors is the governing bodyy for madis place inc.”

Committee meeting documentation Part VI line 8B

“The board of directors is the governing bodyy for madis place inc and is recorded of the board meeting minutes.”

Form 990 governing body review Part VI line 11

“Madis place inc has a policies and procedures manual in place to support the governance of the oeganization and has annual audits performed to remain in compliance.”

Conflict of interest policy compliance Part VI line 12C

“Madis place inc regularly monitored and enforced the complianc of their polciies and procedures manual to avoid any conflict of interest.”

Governing documents etc available to public Part VI line 19

“The governing documents for madis place inc. Are available to the general public upon request only.”

Filing and Contact Details

Filer

Filer Name
Madis Place Inc
EIN
46-2814596
Address
2824 TODKILL TRACE, Edgewood, MD 21040

Signing Officer

Name
Breal L Madison Sr
Title
Managing Direct
Phone
4105889481
Signed
2024-03-14
Discuss with paid preparer
No

Organization Details

Formed
2021
Legal Domicile
Md
Voting Board Members
5
Independent Board Members
4
Employees
2

Preparer

Firm
Otis and Associates Pc
Address
3311 TOLEDO TERR SUITE C205, HYATTSVILLE, MD 20782
Preparer
Ndy Otis
Phone
3018913363
Supplemental Narrative

Additional Explanations

Amended return information

“The 990 for madis place, inc. Is being amened to reflect the accurate information.”

List of other expenses Part IX line 24E

“Rent Expense $63,105 Utilities $274 Contract services $160 Finger Printing/Background check $168 Payroll Service Fee $6,163 Fuel $530 Repairs and Maintenance $1,205 Security Systems $114 Dues and Subscriptions $153 Client Expenses $434 Staff Events $200 Depreciation expenses $152 Licenses and Registration $360”

Raw XML Appendix272 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.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 FOR MADIS PLACE, INC. IS BEING AMENED TO REFLECT THE ACCURATE INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS IS THE GOVERNING BODYY FOR MADIS PLACE INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS IS THE GOVERNING BODYY FOR MADIS PLACE INC AND IS RECORDED OF THE BOARD MEETING MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MADIS PLACE INC HAS A POLICIES AND PROCEDURES MANUAL IN PLACE TO SUPPORT THE GOVERNANCE OF THE OEGANIZATION AND HAS ANNUAL AUDITS PERFORMED TO REMAIN IN COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MADIS PLACE INC REGULARLY MONITORED AND ENFORCED THE COMPLIANC OF THEIR POLCIIES AND PROCEDURES MANUAL TO AVOID ANY CONFLICT OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE GOVERNING DOCUMENTS FOR MADIS PLACE INC. ARE AVAILABLE TO THE GENERAL PUBLIC UPON REQUEST ONLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Rent Expense $63,105 Utilities $274 Contract services $160 Finger Printing/Background check $168 Payroll Service Fee $6,163 Fuel $530 Repairs and Maintenance $1,205 Security Systems $114 Dues and Subscriptions $153 Client Expenses $434 Staff Events $200 Depreciation expenses $152 Licenses and Registration $360
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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$331,349
Liabilities
$180,047
Net assets
$151,302
Revenue
$581,301
Expenses
$361,460
Net income
$219,841
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$3.31$1.80$1.51$5.81$3.61$2.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.12$2.90$2.22$3.88$2.09$1.79
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$3.59$0.42$2.18$2.01$0.17