MILWAUKEE ECONOMIC DEVELOPMENT CORPORATION
757 NORTH BROADWAY NO 600, MILWAUKEE, WI 53202 www.medconline.com

Total Revenue
$4,767,789
Total Expenses
$4,431,646
Net Assets
$133,458,286

Organizations Filed Purposes: MEDC PROVIDES GAP FINANCING TO BUSINESSES IN ORDER TO CREATE EMPLOYMENT OPPORTUNITIES AND INCREASE LOCAL INCOMES THROUGH THE RETENTION, EXPANSION AND DEVELOPMENT OF MANUFACTURING, SERVICE AND OTHER COMMERCIAL ESTABLISHMENTS LOCATED IN MILWAUKEE, WAUKESHA, WASHINGTON, WALWORTH, RACINE, KENOSHA AND OZAUKEE COUNTIES (COLLECTIVELY M7 REGION).

LENDING: MEDC PROVIDES BELOW MARKET INTEREST RATE LOANS TO MILWAUKEE BUSINESSES WORKING IN PARTNERSHIP WITH A BANK. MEDC'S APPROACH TO LENDING REVOLVES AROUND TWO FUNDAMENTAL PRINCIPLES: SHARING RISK WITH ALL PARTICIPANTS IN A PROJECT AND LENDING IN PARTNERSHIP WITH PRIVATE SECTOR FINANCIAL INSTITUTIONS.EXCLUDED FROM EXPENSES ARE $729,492 OF DISTRIBUTIONS OF 99.99% OF NET INCOME TO INVESTOR MEMBERS RELATED TO THE NEW MARKETS TAX CREDIT SUBSIDIARIES. MEDC ONLY OWNS .01% OF THESE FUNDS. SEE ALSO SCHEDULES O AND R FOR FURTHER INFORMATION.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Latona David EPRESIDENT & SECRETARY/DIRECTOR40$197,088
Miller JohnVICE PRESIDENT & TREASURER40$131,160
Zastrow NateDIRECTOR1$0
Zale ThomasDIRECTOR1$0
Thao May YerDIRECTOR1$0
Sheehy TimothyCHAIRMAN/DIRECTOR1$0
Schmutzer CraigDIRECTOR1$0
Roemer JamesDIRECTOR1$0
Robertson KennethDIRECTOR1$0
Rivera PerfectoDIRECTOR1$0
O'Neill Thomas JDIRECTOR1$0
Murphy MichaelDIRECTOR1$0
Mitich RebeccaDIRECTOR1$0
Melvin AndyDIRECTOR1$0
Matson MartinDIRECTOR1$0
Marcoux RichardDIRECTOR1$0
Macareno Amelia EDIRECTOR1$0
Lutz SarahDIRECTOR1$0
Kleiner PaulDIRECTOR1$0
Kessler DebraDIRECTOR1$0
Kendrix OssieDIRECTOR1$0
Hazod JohnDIRECTOR1$0
Hamilton AshantiDIRECTOR1$0
Hall Dr EveDIRECTOR1$0
Gamboa IvanDIRECTOR1$0
Feagles WilliamDIRECTOR1$0
Clark David DDIRECTOR1$0
Brown Martha LDIRECTOR1$0
Bauer GregDIRECTOR1$0
Barth SteveDIRECTOR1$0
Barrett TomDIRECTOR1$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202003219349318855_public.xml