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Nonprofit · EIN 39-1680095

MADISON AREA CLT CORP

Tax-exempt · MADISON, WI 53714

Financials

$1.3M$1M2023$487K$557K2024
Revenue Expenses · by fiscal year end
Financials of MADISON AREA CLT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$487,044$557,489-$70,445$2,782,653$2,604,738$177,915
December 31, 2023990$1,272,410$1,018,916$253,494$2,889,094$2,640,734$248,360
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$421,707
of which government grants
$143,066
Program service revenue
$51,970
Investment income
$13,367
Other revenue
$0

Expenses

Grants and similar amounts paid
$113,496
Other salaries and wages
$290,985
Salaries, compensation and benefits (total)
$326,761
Professional fundraising fees
$1,650
Legal fees
$10,285
Accounting fees
$19,837
Occupancy
$7,627
Travel
$3,669
Program services (functional)
$429,361
Management and general (functional)
$74,955
Fundraising (functional)
$53,173

Balance sheet and other

Total assets, start of year
$2,889,094
Total assets, end of year
$2,782,653
Total liabilities, end of year
$2,604,738
Net assets, end of year
$177,915
Land, buildings and equipment
$2,369,299
Net assets without donor restrictions
$88,820
Net assets with donor restrictions
$89,095
Gross receipts
$487,044
Employees
4
Volunteers
0
Year formed
1990
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
Olivia WilliamsExecutive Director
Highest-paid employee
40$109,524$5,443
Karen von HueneBoard President
Trustee or director, Officer
1.5$0$0
Beth WelchBoard Vice President
Trustee or director, Officer
1.5$0$0
Evan BonsallBoard Secretary
Trustee or director, Officer
1$0$0
Shaya SchreiberBoard Treasurer
Trustee or director, Officer
1$0$0
Grace ColemanDirector
Trustee or director
0.5$0$0
Robert PaolinoDirector
Trustee or director
0.5$0$0
DaMontae JanuaryDirector
Trustee or director
0.5$0$0
Eva WingrenDirector
Trustee or director
0.5$0$0
Andy HeidtDirector
Trustee or director
0.5$0$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensationOther / benefits
Olivia WilliamsExecutive Director
Officer, Highest-paid employee
40$75,479$4,993
Andy HeidtDirector
Trustee or director
0.5$0$0
DaMontae JanuaryDirector
Trustee or director
0.5$0$0
Evan BonsallDirector
Trustee or director
0.5$0$0
Grace ColemanDirector
Trustee or director
0.5$0$0
Eva WingrenDirector
Trustee or director
0.5$0$0
Shaya SchreiberTreasurer
Trustee or director, Officer
1$0$0
Karen von HuenePresident
Trustee or director, Officer
1.5$0$0
Robert PaolinoSecretary
Trustee or director, Officer
1$0$0
Beth WelchVice President
Trustee or director, Officer
1.5$0$0

Address and contacts

Address (IRS master file)
902 ROYSTER OAKS DR SUITE 105, MADISON, WI 53714-9101
In care of
% ANDREW MILLER
Principal officer (990 for 2024)
Olivia Williams, 902 Royster Oaks Dr, Madison, WI 53714
Signed the 990
Olivia Williams, Executive Director
Phone
(608) 285-2691
Return prepared by
COMMON GOOD BOOKKEEPING

Mission

MACLT liberates land for the benefit of historically marginalized populations at the lowest incomes possible, preserving urban space for community use, and creating deeply and permanently affordable homeownership opportunities for those typically exploited by the housing market.

990 for the year ended December 31, 2024

Program accomplishments

  • MADISON AREA COMMUNITY LAND TRUST PROVIDES ONGOING STEWARDSHIP OF 62 HOMES AND THE LAND UNDERNEATH THEM THAT ARE KEPT PERMANENTLY AFFORDABLE UNDER THE TERMS OF A GROUND LEASE AND/OR DECLARATION OF RESTRICTIVE COVENANTS WITH THE LAND TRUST. MACLT ALSO STEWARDS THE LAND UNDER 10 MARKET-RATE HOMES AS WELL AS CONSERVATION AND AGRICULTURAL LAND. AND MACLT HAS A MAINTENANCE SERVICES PROGRAM THAT INVOLVES OBTAINING GRANT FUNDING AND COORDINATING MAINTENANCE SERVICES TO THE LOW-INCOME HOMEOWNERS IN OUR HOMEOWNERSHIP PROGRAM.
    Expenses $429,361 · grants $113,496 · revenue $51,970

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
39-1680095
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1991
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,782,653
Income (IRS master file)
$487,044

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$487,044$557,489$2,782,653IRS
990December 2023$1,272,410$1,018,916$2,889,094XML
990December 2022$524,628$352,847$3,141,783IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1680095).

Questions about MADISON AREA CLT CORP

What is the EIN of MADISON AREA CLT CORP?
The employer identification number (EIN) of MADISON AREA CLT CORP is 39-1680095.
Is MADISON AREA CLT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1991.
Are donations to MADISON AREA CLT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MADISON AREA CLT CORP file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MADISON AREA CLT CORP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MADISON AREA CLT CORP last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MADISON AREA CLT CORP?
The 990 for the year ended December 31, 2024 names Olivia Williams.
Who are the officers and directors of MADISON AREA CLT CORP?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $109,524 (Olivia Williams, Executive Director).
How much revenue does MADISON AREA CLT CORP have?
On its 990 for the year ended December 31, 2024 it reported revenue of $487,044, expenses of $557,489 and total assets of $2,782,653 at year end.

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