Overview
What is Madison Revitalization And Community Development Corporation?
The Madison Revitalization and Community Development Corporation is a nonprofit organization situated in Madison, Wisconsin, specifically at 215 Martin Luther King Jr. Blvd 161. Established again on January 1, 2022, the organization has taken over 32 units of former public housing from the Community Development Authority of the City of Madison (CDA). These units are strategically placed in various locations throughout Madison, providing affordable housing for low-income families. The organization's mission is to serve and be accountable to low-income individuals and communities, ensuring their representation in all its activities.
Is Madison Revitalization And Community Development Corporation legitimate?
Madison Revitalization And Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Madison Revitalization And Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Madison Revitalization And Community Development Corporation?
The Madison Revitalization and Community Development Corporation is committed to serving and being accountable to low-income individuals and communities. This organization represents their interests and works towards achieving this goal. As of January 1, 2022, the corporation acquired 32 units of former public housing from the Community Development Authority of Madison, Wisconsin. These units are maintained as affordable housing for low-income families, located in various areas throughout the city. The mission of this organization is to make a positive impact on the lives of those in need, ensuring they have adequate representation and resources.
Who is the CEO of Madison Revitalization And Community Development Corporation?
Matthew Wachter is the President of Madison Revitalization And Community Development Corporation.
What is the revenue of Madison Revitalization And Community Development Corporation?
Madison Revitalization And Community Development Corporation's revenue in 2022 was $813,455.
Who are the executives of Madison Revitalization And Community Development Corporation and what are their salaries?
There 7 volunteers at Madison Revitalization And Community Development Corporation.
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Where can I find the form 990 for Madison Revitalization And Community Development Corporation?
Madison Revitalization And Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Madison Revitalization And Community Development Corporation
Madison Revitalization and Community Development Corporation, abbreviated as MRCDC, is committed to serving and being accountable to low-income individuals and communities. Their mission is to represent those in need, a principle that guides their actions and decisions. In January 2022, MRCDC took a significant step towards fulfilling this mission by acquiring 32 units of former public housing from the Community Development Authority of the City of Madison (CDA). These units, scattered throughout Madison, Wisconsin, are now dedicated to providing affordable housing for low-income families. MRCDC's commitment to its mission extends beyond the provision of housing. By acquiring these units, MRCDC demonstrates its commitment to serving and advocating for low-income communities, ensuring they have access to safe and affordable living spaces.
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Impact
July, 2024
Madison Revitalization And Community Development Corporation's impact lies in providing affordable housing options for low-income families in Madison, Wisconsin. By acquiring 32 units of former public housing from the Community Development Authority of the city, the organization has been able to maintain these units as affordable housing, thereby addressing a critical need in the community. This initiative directly serves and is accountable to low-income individuals and communities, contributing to the overall revitalization and development efforts in Madison.
This information is meant to be a general summary of Madison Revitalization And Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1
- Program Service Revenue: $485,040
- Gross Receipts: $813,455
Assets and Liabilities:
- Total Assets: $641,786
- Total Liabilities: $82,302
- Net Assets: $559,484
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$483,488
LAUNDRY INCOME
Revenue
$795
OTHER PROGRAM SERVICE
Revenue
$757
Organization Details
Founding Year
1998
Phone
(608) 266-4071Principal Officer
Matthew Wachter
Main Address
215 MARTIN LUTHER KING JR BLVD 161, MADISON, WI, 53703
NTEE Category
Code: L20O - Housing
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