Overview
What is Milwaukee Development Corporation?
The Milwaukee Development Corporation, based in Milwaukee, Wisconsin, serves as a catalyst for regional economic development through strategic real estate projects and collaborative partnerships with public and private organizations. Their mission encompasses promoting community interest in a strong, vibrant, and aesthetically appealing Greater Milwaukee community. To achieve this goal, they undertake studies, surveys, and planning efforts for potential land and space usage, focusing on business, residential, and recreational activities. They actively encourage and support cooperative planning and investment initiatives among government agencies, academic institutions, and private enterprises for the benefit of the Greater Milwaukee area. The organization employs a team of seven individuals dedicated to these endeavors.
Official website here: www.none
What are the reviews and ratings of this charity?
Charity Navigator Rating 96% - Four-Star out of Four Star rating
Milwaukee Development Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization boasts an exceptional score of 96% in this category, indicating a high level of transparency and effective financial management. This strong rating suggests that donors can trust the organization to utilize their contributions wisely.
Key strengths of the Milwaukee Development Corporation include a governance structure with 78% independent board members and a solid financial oversight mechanism. The organization scores full points in various criteria, such as having an independent board size of 11 members, a documented conflict of interest policy, and a whistleblower policy. This commitment to ethical practices and accountability enhances its credibility as a nonprofit.
Despite its strengths, the summary does not highlight any specific limitations or areas for improvement. Overall, Milwaukee Development Corporation appears to be a well-managed organization with a strong commitment to accountability, making it a favorable choice for potential donors looking to support impactful nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is Milwaukee Development Corporation legitimate?
Milwaukee Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Milwaukee 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $475,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $324,518
For more financial information, click here
Official website here: www.none
What is the mission statement of Milwaukee Development Corporation?
The Milwaukee Development Corporation is dedicated to fostering a thriving and economically robust greater community. They instigate, implement, and promote activities that support the general community interest in a vibrant and aesthetically exciting environment. The organization undertakes studies, surveys, and planning initiatives to consider alternative land and space uses for business, residential, and recreational activities. Milwaukee Development Corporation actively encourages, supports, and participates in cooperative planning and investment efforts involving government agencies, academic institutions, and private enterprises. Their ultimate goal is to create a strong and economically viable community.
Official website here: www.none
Who is the CEO of Milwaukee Development Corporation?
Patrick O'Brien is the Director of Milwaukee Development Corporation.
Official website here: www.none
What is the revenue of Milwaukee Development Corporation?
Milwaukee Development Corporation's revenue in 2022 was $23,219,043.
Official website here: www.none
Who are the executives of Milwaukee Development Corporation and what are their salaries?
The average compensation at Milwaukee Development Corporation during 2022 was $114,352. There are 7 employees and 11 volunteers at Milwaukee Development Corporation.
Here are 15 key members and their salaries:
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- Related: $498,128
- Other: $41,686
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- Compensation: $319,067
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- Other: $44,673
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- Compensation: $165,432
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- Other: $10,824
Official website here: www.none
Learn more at the official website: www.none
Mission Statement of Milwaukee Development Corporation
Milwaukee Development Corporation (MDC) is an influential organization that plays a pivotal role in fostering the economic growth and community development of the greater Milwaukee area. With a vision to strengthen the community, MDC instigates, implements, and promotes activities that contribute to a vibrant, aesthetically appealing, and economically viable Milwaukee.
To fulfill its mission, MDC undertakes various initiatives. It conducts studies and surveys to evaluate alternative land and space uses for diverse business, residential, and recreational activities. By encouraging, supporting, and participating in cooperative planning and investment efforts among government agencies, academic institutions, and private enterprises, MDC strives to create a strong, cohesive community.
In pursuit of its goals, the Milwaukee Development Corporation assumes a multifaceted role within the community. It acts as a catalyst, driving projects that benefit the region as a whole. Through its actions, MDC aims to enrich the lives of Milwaukee's residents and businesses, fostering a strong sense of pride and investment in the community.
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Impact
October, 2024
Milwaukee Development Corporation plays a vital role in fostering economic growth and revitalizing the Greater Milwaukee area. By focusing on catalytic real estate developments, the organization not only stimulates local investment but also enhances the overall aesthetic and economic vitality of the community. Through strategic partnerships with public and private entities, it works tirelessly on initiatives that result in business retention, expansion, and attraction, which are essential for building a robust local economy.
The organization engages in thorough studies and surveys to evaluate land and space usage, ensuring that community development aligns with the needs of residents and businesses alike. By advocating for cooperative planning and facilitating investment efforts, Milwaukee Development Corporation supports a collective vision for a thriving, economically viable community. Its commitment to fostering a strong, exciting, and sustainable environment significantly contributes to the long-term prosperity of Milwaukee and its citizens.
This information is meant to be a general summary of Milwaukee 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: $114,318
- Program Service Revenue: $206,343
- Gross Receipts: $23,223,309
Assets and Liabilities:
- Total Assets: $4,444,230
- Total Liabilities: $20,711
- Net Assets: $4,423,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE TO MUSIC
Revenue
$121,843
KENILWORTH - ECONOMIC DEVELOPMENT
Revenue
$84,500
Organization Details
Founding Year
2003
Phone
(414) 287-4126Principal Officer
Patrick O'Brien
Main Address
275 W WISCONSIN AVE 220, MILWAUKEE, WI, 53203
Website
www.noneNTEE Category
Code: S113 - Community improvement
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