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TO COORDINATE THE ACTIVITIES OF THE PUBLIC AND PRIVATE SECTORS SO AS TO CONSTRUCTIVELY USE THE RESOURCES OF EACH TO ACHIEVE GREATER MADISON AND DANE COUNTY WIDE ECONOMIC GROWTH, TO PROVIDE HIGH-QUALITY AFFORDABLE WORKFORCE HOUSING AND ASSIST IN THE FINANCING OF BOTH.
Source: IRS Form 990 (Tax Year 2024)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2024
Total Revenue
▼$6.4M
Program Spending
92%
of total expenses go to program services
Total Contributions
$16.2K
Total Expenses
▼$5.7M
Total Assets
$56.2M
Total Liabilities
▼$45.1M
Net Assets
$11.1M
Officer Compensation
→$525.2K
Other Salaries
$494.7K
Investment Income
$194.7K
Fundraising
▼N/A
Source: USAspending.gov
No federal awards found for this organization.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Total Audits
10
Clean Audits
10
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditure | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $6.2M | Yes | 2026-04-15 |
| 2024 | Clean | Unmodified (Clean) | $6.7M | Yes | 2025-05-01 |
| 2023 | Clean | Unmodified (Clean) | $6.1M | Yes | 2024-04-15 |
| 2022 | Clean | Unmodified (Clean) | $1.3M | Yes | 2023-04-09 |
| 2021 | Clean | Unmodified (Clean) | $1.4M | Yes | 2022-04-18 |
| 2020 | Clean | Unmodified (Clean) | $1.4M | Yes | 2021-03-30 |
| 2019 | Clean | Unmodified (Clean) | $2.1M | Yes | 2020-04-21 |
| 2018 | Clean | Unmodified (Clean) | $1.3M | Yes | 2019-04-23 |
| 2017 | Clean | Unmodified (Clean) | $774.7K | Yes | 2018-05-21 |
| 2016 | Clean | Unmodified (Clean) | $1.4M | Yes | 2017-04-12 |
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.2M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.7M
Financial Report
Unmodified (Clean)
Federal Expenditure
$6.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Financial Report
Unmodified (Clean)
Federal Expenditure
$2.1M
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.3M
Financial Report
Unmodified (Clean)
Federal Expenditure
$774.7K
Financial Report
Unmodified (Clean)
Federal Expenditure
$1.4M
Tax Year 2024 · Source: IRS e-Filed Form 990
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2024IRS e-File | $6.4M | $16.2K | $5.7M | $56.2M | $11.1M |
| 2023 | $6.4M | $1.3M | $5.1M | $53.1M | $10.5M |
| 2022 | $4.9M | $150.9K | $4.6M | $33.3M | $9.2M |
| 2021 | $5.2M | $382.1K |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2024)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2024)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Lorrine Heinemann | President - CEO | 40 | $193.6K | $0 | $44.2K | $237.8K |
| Abigail Wallhaus | VP Of Finance & CFO | 40 | $146.2K | $0 | $17.7K | $164K |
| Cashton Laufenberg | VP Of Housing | 40 | $106.4K | $0 | $17K | $123.4K |
| John Gransee | Treasurer (thru June) | 1 | $0 | $0 | $0 | $0 |
| Mike Kollath | Chairperson & Treasurer (beg July) | 1 | $0 | $0 | $0 | $0 |
| Mary Strickland | Vice-chairperson | 1 | $0 | $0 | $0 | $0 |
| Ron Trachtenberg | Secretary | 1 | $0 | $0 | $0 | $0 |
Lorrine Heinemann
President - CEO
$237.8K
Hrs/Wk
40
Compensation
$193.6K
Related Orgs
$0
Other
$44.2K
Abigail Wallhaus
VP Of Finance & CFO
$164K
Hrs/Wk
40
Compensation
$146.2K
Related Orgs
$0
Other
$17.7K
Cashton Laufenberg
VP Of Housing
$123.4K
Hrs/Wk
40
Compensation
$106.4K
Related Orgs
$0
Other
$17K
John Gransee
Treasurer (thru June)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mike Kollath
Chairperson & Treasurer (beg July)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Mary Strickland
Vice-chairperson
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Ron Trachtenberg
Secretary
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Ed Lee | Director | 1 | $0 | $0 | $0 | $0 |
| Julia Stone | Director (thru June) | 1 | $0 | $0 | $0 | $0 |
| Paul Aylesworth | Director | 1 | $0 | $0 | $0 | $0 |
| Rebecca Procheska | Director | 1 | $0 | $0 | $0 | $0 |
| Rich Arnesen | Director | 1 | $0 | $0 | $0 | $0 |
| Rob Bergenthal | Director |
Ed Lee
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Julia Stone
Director (thru June)
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Paul Aylesworth
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
| $4.6M |
| $34.3M |
| $8.8M |
| 2020 | $4.3M | $60.5K | $4M | $36.5M | $8.3M |
| 2019 | $4.2M | $126K | $3.9M | $36.9M | $7.9M |
| 2018 | $3.7M | $103.3K | $3.4M | $28.5M | $7.6M |
| 2017 | $3M | $54.1K | $2.8M | $24.5M | $5.1M |
| 2016 | $3.3M | $0 | $2.5M | $24.3M | $4.8M |
| 2015 | $3.5M | $977.6K | $2.4M | $17.7M | $4.1M |
| 2014 | $1.8M | $0 | $1.8M | $15.8M | $3M |
| 2013 | $1.9M | $0 | $1.7M | $10.4M | $1.7M |
| 2012 | $1.6M | $0 | $1.6M | $9.7M | $1.5M |
| 2011 | $1.7M | $0 | $1.8M | $10.4M | $1.6M |
| 2021 | 990 | Data |
| 2020 | 990 | Data |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | Data |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| 1 |
| $0 |
| $0 |
| $0 |
| $0 |
| Scott Resnick | Director | 1 | $0 | $0 | $0 | $0 |
| Stuart Levitan | Director | 1 | $0 | $0 | $0 | $0 |
Rebecca Procheska
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Rich Arnesen
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Rob Bergenthal
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Scott Resnick
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0
Stuart Levitan
Director
$0
Hrs/Wk
1
Compensation
$0
Related Orgs
$0
Other
$0