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MADISON DEVELOPMENT CORPORATION

EIN: 39-1277471Madison, WIZIP: 53703
S300 - Community Improvement & Capacity Building501(c)(3)

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.

Financials

YearRevenueExpensesAssets
2024$6.4M$0$56.2M
2023$6.4M$0$53.1M

Compensation

2024

LORRINE HEINEMANN
President - CEO
chief executive officer
$181,678
$10,000
$1,947
$237,821
ABIGAIL WALLHAUS
VP of Finance & CFO
chief financial officer
$128,204
$17,500
$534
$163,966
CASHTON LAUFENBERG
VP of Housing
vice president
$0
$0
$0
$123,364
MIKE KOLLATH
Chairperson & Treasurer (beg July)
board chair
$0
$0
$0
$0
MARY STRICKLAND
Vice-chairperson
officer (unspecified)
$0
$0
$0
$0
RON TRACHTENBERG
Secretary
officer (unspecified)
$0
$0
$0
$0
JOHN GRANSEE
Treasurer (thru June)
officer (unspecified)
$0
$0
$0
$0
SCOTT RESNICK
Director
board member
$0
$0
$0
$0
JULIA STONE
Director (thru June)
board member
$0
$0
$0
$0
RICH ARNESEN
Director
board member
$0
$0
$0
$0
STUART LEVITAN
Director
board member
$0
$0
$0
$0
ROB BERGENTHAL
Director
board member
$0
$0
$0
$0
PAUL AYLESWORTH
Director
board member
$0
$0
$0
$0
ED LEE
Director
board member
$0
$0
$0
$0
REBECCA PROCHESKA
Director
board member
$0
$0
$0
$0

2023

LORRINE HEINEMANN
President & CEO
chief executive officer
$174,645
$10,000
$0
$210,097
ABIGAIL WALLHAUS
Vp of Finance & CFO
chief financial officer
$0
$0
$0
$139,798
JUAN GOMEZ
Vp of Lending & Investment
vice president
$0
$0
$0
$132,274
HARRY IRWIN
Facilities Manager
highest compensated employee
$0
$0
$0
$120,616
VICKI BANKSTON
Vice Chair (Thru June)
board vice chair
$0
$0
$0
$0
MARY STRICKLAND
Vice Chair (From July)
board vice chair
$0
$0
$0
$0
ED LEE
Director
board member
$0
$0
$0
$0
ANNE NEUJAHR MORRISON
Secretary (Thru June)
officer (unspecified)
$0
$0
$0
$0
RON TRACHTENBERG
Secretary (From July)
officer (unspecified)
$0
$0
$0
$0
PAUL AYLESWORTH
Director
board member
$0
$0
$0
$0
MIKE KOLLATH
Treasurer (Thru June)/Chair (From July)
officer (unspecified)
$0
$0
$0
$0
DANTE VISCARRA
Director (Thru June)
board member
$0
$0
$0
$0
SCOTT RESNICK
Director
board member
$0
$0
$0
$0
ROB BERGENTHAL
Director
board member
$0
$0
$0
$0
RICH ARNESEN
Chair (Thru June) & Director
board chair
$0
$0
$0
$0
JOHN GRANSEE
Treasurer (From July)
officer (unspecified)
$0
$0
$0
$0
JULIA STONE
Director
board member
$0
$0
$0
$0
STUART LEVITAN
Director
board member
$0
$0
$0
$0

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