Madison Street Properties Inc
- Assets
- $154.1m
- Revenue
- $36.8m
- Investments
- $0.0
- Employees
- 78
- Location
- Baltimore, MD
- Founding
- 07/1996
- Data as of
- 06/2021
- EIN
- 52-1949813
Organization Overview
Madison Street Properties Inc is located in Baltimore, MD. The organization was established in 1996. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, Madison Street Properties Inc employed 78 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madison Street Properties Inc 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 06/2021, Madison Street Properties Inc generated $36.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $36.8m during the year ending 06/2021. While expenses have increased by 2.3% per year over the past 6 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.
Since 2015, Madison Street Properties Inc has awarded 24 individual grants totaling $18,536,549. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROPERTY MANAGEMENT AND HOLDING COMPANY FOR TAX-EXEMPT AFFILIATES OF KENNEDY KRIEGER INSTITUTE, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION SERVES AS A PROPERTY MANAGEMENT AND HOLDING COMPANY FOR ALL OF THE TAX-EXEMPT AFFILIATES OF KENNEDY KRIEGER INSTITUTE, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
George Thomas VP Of Facilities | Officer | 40 | $222,079 |
James M Anders Jr Secretary | Officer | 6 | $131,205 |
Bonnie Knight Director Of Planning & Eng | 40 | $130,499 | |
Bradley L Schlaggar MD PHD President & CEO | Trustee | 6 | $124,883 |
Eddie Moore Carpenter | 40 | $108,393 | |
Michael J Neuman Treasurer | Officer | 6 | $62,058 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Johns Hopkins Security, Laundry And Trash Services | 6/29/21 | $1,365,911 |
Abacus Corp Security Service | 6/29/21 | $480,441 |
Whiting Turner Contracting Building Construction | 6/29/21 | $1,387,576 |
American Building Maintenance Building Maintenance | 6/29/21 | $1,153,903 |
Consolidated Waterproofing Building Construction | 6/29/21 | $387,429 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $36,482,280 |
| Investment income | $1,692 |
| 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 | $36,794,254 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,623,022 |
| 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. | $691,037 |
| Compensation of current officers, directors, key employees. | $691,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,751,399 |
| Pension plan accruals and contributions | $412,693 |
| Other employee benefits | $1,850,610 |
| Payroll taxes | $433,989 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,711 |
| Fees for services: Accounting | $51,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,102,080 |
| Advertising and promotion | $0 |
| Office expenses | $3,155,448 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,384,476 |
| Travel | $2,072 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,366,273 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,597,187 |
| Insurance | $103,077 |
| All other expenses | $0 |
| Total functional expenses | $36,792,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $154,077,614 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $154,077,614 |
| Accounts payable and accrued expenses | $1,878,987 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $74,798,482 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $10,156,000 |
| Other liabilities | $52,662,054 |
| Total liabilities | $139,495,523 |
| Net assets without donor restrictions | $14,582,091 |
| 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 | $154,077,614 |
Grants Awarded
Over the last fiscal year, Madison Street Properties Inc has awarded $1,623,022 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: SUPPORT OPERATING NEEDS OF THE ORGANIZATION | $1,303,623 |
Baltimore, MD PURPOSE: SUPPORT OPERATING NEEDS OF THE ORGANIZATION | $288,788 |
Baltimore, MD PURPOSE: SUPPORT OPERATING NEEDS OF THE ORGANIZATION | $16,094 |
Baltimore, MD PURPOSE: SUPPORT OPERATING NEEDS OF THE ORGANIZATION | $14,517 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Madison Street Properties Inc has recieved totaling $52,976.
| Awarding Organization | Amount |
|---|---|
Kennedy Krieger Foundation Inc Baltimore, MD PURPOSE: SUPPORT OPERATING NEEDS OF ORGANIZATION | $52,976 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Madison Street Properties Inc Baltimore, MD | $154,077,614 | $36,794,254 |
Phoebe Services Inc Allentown, PA | $13,209,475 | $32,050,372 |
St Barnabas Health System Inc Gibsonia, PA | $11,393,428 | $11,432,241 |
National Association Of Free And Charitable Clinics Inc Alexandria, VA | $2,287,397 | $8,345,135 |
Southwestern Pennsylvania Human Services Inc Charleroi, PA | $7,239,784 | $6,185,914 |
Worksource Montgomery Inc Rockville, MD | $5,927,407 | $5,113,270 |
Rebuild Metro Inc Baltimore, MD | $30,641,371 | $4,243,559 |
Maryland Association Of Non-Profit Organizations Inc Baltimore, MD | $840,898 | $3,701,384 |
Community Service Building Corporation Wilmington, DE | $29,155,415 | $3,064,046 |
University Of Maryland Shore Regional Health Inc Easton, MD | $2,455,289 | $2,547,874 |
Arc Alliance Eagleville, PA | $3,445,139 | $2,928,067 |
Change Elemental Washington, DC | $3,965,424 | $2,608,133 |