Milwaukee Development Corporation

MILWAUKEE, WI EIN: 93-0828687

-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.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$4.9M

+6.0% YoY

Revenue

$1.5M

-93.0% YoY

Net Investment Income

$479K

+472.1% YoY

Expenses

$1.3M

-94.1% YoY

About Milwaukee Development Corporation

Based on IRS filings

Milwaukee Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in MILWAUKEE, WI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.9M in total assets. Net investment income was $479K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1states

States

Cities

Milwaukee

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$8M$15M$23M$30M20202021202220232024
Metric202420232022
Total Assets$4,947,781$4,666,006$4,444,230
Revenue$1,524,506$21,906,807$23,219,043
Expenses$1,293,600$21,876,551$27,315,181
Qualifying Distributions
Net Investment Income$478,989$83,728$114,318
Distributable Amount

Giving Over Time

Total grant dollars and number of grants per year

$0$5M$10M$15M$20M0 grants20200 grants20211 grants20221 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

2 grants across all recorded years

<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M2$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

D PATRICK O'BRIENPRESIDENT$332KJAMES PAETSCHVICE PRESIDENT (FORMER)$193K

From 2024 filing

NameTitleHoursCompensation
JOHN KISSINGERDIRECTOR1
MICHAEL HATCHDIRECTOR1
ERICA-NICOLE HARRISDIRECTOR1
TIMOTHY SHEEHYSECRETARY1
FRANK J KREJCICO-CHAIR1
D PATRICK O'BRIENPRESIDENT40$331,751
STEVE CHERNOFCO-CHAIR1
CRAIG KAMMHOLZTREASURER1
BARRY MANDELDIRECTOR1
KEVIN ANDERSONDIRECTOR1
BOB HILLISDIRECTOR1
MARVIN BYNUM IIDIRECTOR1
RICH TENNESSENDIRECTOR1
DALE KOOYENGAOFFICER1
CARLA CROSSDIRECTOR1
ROBERT MONNATDIRECTOR1
WILLIAM SUENKENSDIRECTOR1
JAMES PAETSCHVICE PRESIDENT (FORMER)40$192,921

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Milwaukee Development Corporation?

Milwaukee Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in MILWAUKEE, WI. It holds $4.9M in total assets as of 2024.

How large is Milwaukee Development Corporation?

As of 2024, Milwaukee Development Corporation holds $4.9M in total assets with $1.5M in annual revenue.

Where does Milwaukee Development Corporation operate?

Milwaukee Development Corporation has awarded grants in Wisconsin.

What is Milwaukee Development Corporation's EIN?

Milwaukee Development Corporation's EIN (Employer Identification Number) is 93-0828687. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated April 2026. Sourced from IRS Form 990-PF filings.

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