Madison Community Cooperative
- Assets
- $4.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Madison, WI
- Founding
- 06/1995
- Data as of
- 05/2022
- EIN
- 39-1134828
Organization Overview
Madison Community Cooperative is located in Madison, WI. The organization was established in 1995. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. As of 05/2022, Madison Community Cooperative employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Community Cooperative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2022, Madison Community Cooperative generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $1.3m during the year ending 05/2022. While expenses have increased by 5.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LOW COST COOPERATIVE HOUSING FOR VERY LOW TO MODERATE INCOME PEOPLE IN MADISON, WI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MADISON COMMUNITY COOPERATIVE PROVIDED COOPERATIVE HOUSING AND EDUCATION TO 185 MEMBERS AND PROVIDED SUPPORT AND CONTINUITY TO ELEVEN COOPERATIVE HOUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gina Kim Membership Officer | OfficerTrustee | 7 | $6,804 |
Skye Gia Garcia President | OfficerTrustee | 7 | $3,969 |
Elijah Copple Maintenance Officer | OfficerTrustee | 7 | $3,969 |
Gwen Kelly Treasurer | OfficerTrustee | 7 | $3,402 |
Kenneth Xiong Treasurer | OfficerTrustee | 7 | $2,835 |
Steve Vig Treasurer | OfficerTrustee | 7 | $2,835 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $288,000 |
| Total Program Service Revenue | $1,127,908 |
| Investment income | $466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,420,997 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $29,169 |
| Compensation of current officers, directors, key employees. | $7,292 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,115 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,010 |
| Payroll taxes | $4,934 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,235 |
| Fees for services: Accounting | $52,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,689 |
| Advertising and promotion | $0 |
| Office expenses | $11,268 |
| Information technology | $2,945 |
| Royalties | $0 |
| Occupancy | $346,054 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $136 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $131,705 |
| Insurance | $52,757 |
| All other expenses | $36,460 |
| Total functional expenses | $1,303,042 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,438 |
| Savings and temporary cash investments | $206,415 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $84,485 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $32,346 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,429 |
| Net Land, buildings, and equipment | $3,754,280 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,084 |
| Total assets | $4,314,477 |
| Accounts payable and accrued expenses | $73,691 |
| Grants payable | $0 |
| Deferred revenue | $2,653 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,041,550 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $57,492 |
| Total liabilities | $1,175,386 |
| Net assets without donor restrictions | $3,139,091 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,314,477 |
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|---|---|---|
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American Student Dental Association Chicago, IL | $5,865,827 | $3,123,417 |
Grand Rapids Student Advancement Foundation Grand Rapids, MI | $7,185,647 | $4,898,326 |
Associated Colleges Of The Midwest Inc Chicago, IL | $16,036,268 | $3,292,701 |
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