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Nonprofit · EIN 39-1940074

MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION

Tax-exempt · MADISON, WI 53703

Financials

$501K$317K2023$464K$397K2024$1.3M$503K2025
Revenue Expenses · by fiscal year end
Financials of MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2025990$1,330,206$503,027$827,179$5,775,030$4,137,047$1,637,983
December 31, 2024990$464,494$396,833$67,661$4,043,928$3,233,124$810,804
December 31, 2023990$501,084$317,425$183,659$2,160,902$1,417,759$743,143
Financial details: 990 for the year ended December 31, 2025

Revenue

Contributions, gifts and grants
$792,736
Program service revenue
$537,469
Investment income
$1
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$1,939
Accounting fees
$20,710
Occupancy
$109,624
Depreciation
$150,255
Program services (functional)
$503,027

Balance sheet and other

Total assets, start of year
$4,043,928
Total assets, end of year
$5,775,030
Total liabilities, end of year
$4,137,047
Net assets, end of year
$1,637,983
Land, buildings and equipment
$5,122,008
Net assets without donor restrictions
$1,637,983
Gross receipts
$1,330,206
Employees
0
Volunteers
7
Year formed
1998
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, 2025, highest compensation first.

NameTitleHours / weekCompensation
GREG REEDVICE PRESIDENT
Trustee or director, Officer
1$0
MARY STRICKLANDTREASURER
Trustee or director, Officer
1$0
MATTHEW WACHTERSECRETARY
Trustee or director, Officer
1$0
TAG EVERSDIRECTOR
Trustee or director
1$0
DEWAYNE GRAYDIRECTOR
Trustee or director
1$0
MADELINE O'CONNORPRESIDENT
Trustee or director, Officer
1$0
ISADORE KNOWS JRDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2024: 9 people
NameTitleHours / weekCompensation
GREG REEDVICE PRESIDENT
Trustee or director, Officer
1$0
MARY STRICKLANDTREASURER
Trustee or director, Officer
1$0
MATTHEW WACHTERSECRETARY
Trustee or director, Officer
1$0
SHERI CARTERDIRECTOR UNTIL 6/24
Trustee or director
1$0
TAG EVERSDIRECTOR
Trustee or director
1$0
DEWAYNE GRAYDIRECTOR
Trustee or director
1$0
KELDA ROYSDIRECTOR UNTIL 6/24
Trustee or director
1$0
MADELINE O'CONNORPRESIDENT
Trustee or director, Officer
1$0
ISADORE KNOWS JRDIRECTOR BEGINNING 6/24
Trustee or director
1$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
GREG REEDPRESIDENT
Trustee or director, Officer
1$0
MARY STRICKLANDVICE PRESIDENT
Trustee or director, Officer
1$0
MATTHEW WACHTERSECRETARY/TREASURER
Trustee or director, Officer
1$0
SHERI CARTERDIRECTOR
Trustee or director
1$0
TAG EVERSDIRECTOR
Trustee or director
1$0
DEWAYNE GRAYDIRECTOR
Trustee or director
1$0
KELDA ROYSDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
215 MARTIN LUTHER KING JR BLVD 161, MADISON, WI 53703-3348
In care of
% PERCY BROWN
Mailing address (990-N for 2021)
215 Martin Luther King Jr Blvd, Madison WI 53703
Principal officer (990 for 2025)
MATTHEW WACHTER, 215 MARTIN LUTHER KING JR BLVD 161, MADISON, WI 53703
Principal officer (990-N for 2021)
Matthew Wachter, 215 Martin Luther King Jr Blvd, Madison WI 53703
Signed the 990
MATTHEW WACHTER, SECRETARY
Phone
(608) 242-4342
Return prepared by
SVA CERTIFIED PUBLIC ACCTS SC

Mission

THE PRIMARY MISSION OF THE ORGANIZATION IS TO SERVE AND BE ACCOUNTABLE TO LOW-INCOME PERSONS AND COMMUNITIES THROUGH REPRESENTATION.

990 for the year ended December 31, 2025

Program accomplishments

  • UNITS OF FORMER PUBLIC HOUSING FROM THE COMMUNITY DEVELOPMENT AUTHORITY DEVELOPMENT CORPORATION 39-1940074 MADISON REVITALIZATION AND COMMUNITY THE ORGANIZATION WAS DORMANT UNTIL JANUARY 1, 2022 WHEN IT ACQUIRED 32 OF THE CITY OF MADISON (CDA). AN ADDITIONAL 4 UNITS WERE ACQUIRED IN 2023 FROM THE SAME DONOR. THE 36 UNITS ARE LOCATED IN SCATTERED SITES THROUGHOUT MADISON, WISCONSIN. THE UNITS ARE MAINTAINED AS AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES.
    Expenses $503,027 · revenue $537,469

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, 2026990 on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
39-1940074
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
1998
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$5,775,030
Income (IRS master file)
$1,330,206

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2025$1,330,206$503,027$5,775,030XML
990December 2024$464,494$396,833$4,043,928XML
990December 2023$501,084$317,425$2,160,902XML
990December 2022$813,455$253,971$641,786IRS
990-N for 2021
Officer: Matthew Wachter
December 31, 2021≤ $50,000 receipts––e-Postcard
990-N for 2020
Officer: MATTHEW WACHTER
December 31, 2020≤ $50,000 receipts––e-Postcard
990-N for 2019
Officer: Matthew Wachter
December 31, 2019≤ $50,000 receipts––e-Postcard

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 39-1940074).

Questions about MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION

What is the EIN of MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION is 39-1940074.
Is MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION 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 REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION due?
The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2025.
Who is the principal officer of MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 names MATTHEW WACHTER.
Who are the officers and directors of MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
How much revenue does MADISON REVITALIZATION AND COMMUNITY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2025 it reported revenue of $1,330,206, expenses of $503,027 and total assets of $5,775,030 at year end.

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