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Filing year 2023

MILWAUKEE DEVELOPMENT CORPORATION

Milwaukee, Wisconsin·EIN 93-0828687·NTEE S113 · Community Improvement & Capacity Building·3
Total revenue
$1.5M
Total assets
$4.9M
Total expenses
$1.3M
Reported officers
18
Mission

-INSTIGATE, IMPLEMENT, PARTICIPATE IN AND PROMOTE SUCH ACTIVITIES AS SHALL, IN THE JUDGMENT OF MDC, TEND TO SUPPORT THE GENERAL COMMUNITY INTEREST IN A STRONG, VITAL, AESTHETICALLY EXCITING AND ECONOMICALLY VIABLE GREATER MILWAUKEE COMMUNITY.-DEVELOP FOR COMMUNITY CONSIDERATION SUCH STUDIES, SURVEYS AND PLANS AS MAY BE NECESSARY FOR CONSIDERATION OF ALTERNATIVE LAND AND SPACE USE FOR BUSINESS, RESIDENTIAL AND RECREATION ACTIVITIES.-ENCOURAGE, SUPPORT AND PARTICIPATE IN COOPERATIVE PLANNING AND INVESTMENT EFFORTS OF GOVERNMENT AGENCIES, ACADEMIC INSTITUTIONS AND PRIVATE ENTERPRISE IN A STRONG GREATER MILWAUKEE COMMUNITY.

Executive compensation, broken down

Form 990 · Schedule J · 5 reported individuals · Filing year 2023

$384k
$424k
Base
$332k
Bonus
Other
Benefits
$36k
Vice President (former)
vice president
$225k
$248k
Base
$193k
Bonus
Other
Benefits
$22k
Treasurer
officer (unspecified)
$46k
$51k
Secretary
officer (unspecified)
$41k
$45k
Officer
officer (unspecified)
$11k
$12k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 13 unpaid individuals.

Browse compensation in Community Improvement & Capacity Building

Up 32%
from 2022

From $291k in 2022 to $384k in 2023.

$291k
2022
$384k
2023
In today's dollarsEst.
Up 27% in real terms$334k to $424k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

MILWAUKEE DEVELOPMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$21.9M
$21.9M
2022
$1.5M
$1.3M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Community Improvement & Capacity Building executives earn in Wisconsin

Comparable community improvement & capacity building organizations in Wisconsin pay their highest-earning executive a median of $63,550.

25th percentile
$32k
Median
$63,550
75th percentile
$106k
90th percentile
$149k

These are community improvement & capacity building sector-wide figures, not this organization's reported pay. Based on 59 organizations across 59 filings (2022 – 2023).

See full Community Improvement & Capacity Building pay data for Wisconsin
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