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Filing year 2023

MILWAUKEE DEVELOPMENT CORPORATION

Milwaukee, Wisconsin·EIN 93-0828687·NTEE S113 · Community Improvement & Capacity Building·501(c)(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 · Part VII & Schedule J · 5 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations in Wisconsin.

President
Above 90th percentile
$384k
$424k
Base
$332k
Bonus
Other
Benefits
$36k
Vice President (former)
Board Vice President
Median to 75th percentilevs Community Improvement & Capacity Building peers nationwide
$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

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at MILWAUKEE DEVELOPMENT CORPORATION equaled 30% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

This organization (2023)
30%
Sector median
14%
Middle half of sector
6% to 28%

Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.

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.

Pay for the position

Chief Executive Officer pay rose 32% from 2022 to 2023, while revenue fell 93%.

$291k in 2022 to $384k in 2023.
  • Board Vice President pay rose 19% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MILWAUKEE DEVELOPMENT CORPORATION

What does the Chief Executive Officer of MILWAUKEE DEVELOPMENT CORPORATION earn?

In 2023, the Chief Executive Officer of MILWAUKEE DEVELOPMENT CORPORATION received $383,778 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Wisconsin: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at MILWAUKEE DEVELOPMENT CORPORATION compare with similar nonprofits?

Compared with the same role at Community Improvement & Capacity Building organizations in Wisconsin, the 2023 pay of the Chief Executive Officer at MILWAUKEE DEVELOPMENT CORPORATION falls in the top 10%. In 2023, the highest total compensation at MILWAUKEE DEVELOPMENT CORPORATION equaled 30% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.

What are MILWAUKEE DEVELOPMENT CORPORATION's revenue and expenses?

In 2023, MILWAUKEE DEVELOPMENT CORPORATION reported $1.5M in total revenue and $1.3M in total expenses on its IRS Form 990.

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