MADISON STREET PROPERTIES INC

EIN: 521949813 501(c)(3) Community Improvement

BALTIMORE, MD

Total Revenue
$40,794,206
Total Expenses
$41,793,221
Total Assets
$195,209,302
Net Assets
$21,166,079
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1995
Legal Domicile
MD
Principal Officer
BRAD L SCHLAGGAR MD PHD
Phone
4439239200
Tax Period
2022-07-01 to 2023-06-30

MADISON STREET PROPERTIES INC, founded in 1995, is a mid-sized nonprofit in the Community Improvement sector that reported $40.8M in total revenue in fiscal year 2022.

Mission

PROPERTY MANAGEMENT AND HOLDING COMPANY FOR TAX-EXEMPT AFFILIATES OF KENNEDY KRIEGER INSTITUTE, INC.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $40,527,731
Investment Income $18,991
Other Revenue $247,484
TOTAL REVENUE $40,794,206

Expense Breakdown

Grants Paid $248,532
Salaries & Benefits $9,505,333
Fundraising Expenses $0
Program Expenses $36,374,348
Other Expenses $32,039,356
TOTAL EXPENSES $41,793,221

Year-over-Year Comparison

2022 2021 Change
Revenue $40,794,206 $37,883,778 +0.1%
Expenses $41,793,221 $39,111,827 +0.1%
Net Income $-999,015 $-1,228,049 -0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
4
Independent Members
2
Employees
128
Volunteers
3

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$2,639,714
Total Directors
4
$1,099,444
Key Employees
3
$1,227,780
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRADLEY L SCHLAGGAR MD PHD PRESIDENT & CEO 5.00
Officer Director
$108,257 $45,924 $1,003,784
NANCY GRASMICK ED D CHAIR WOMAN 1.00
Officer Director
$0 $9,480 $95,660
RONALD R PETERSON VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
RICHARD W CASS DIRECTOR 0.00
Director
$0 $0 $0
JAMES M ANDERS JR SECRETARY 5.00
Officer
$107,911 $36,156 $990,960
MICHAEL J NEUMAN TREASURER 5.00
Officer
$58,067 $35,530 $549,310
RAYMOND SHORT VP OF HUMAN RESOURCES 5.00
Key Emp
$52,211 $51,348 $513,314
VALERIE BONHAM VP OF GENERAL COUNSEL 5.00
Key Emp
$39,501 $43,581 $393,093
GEORGE THOMAS VP OF FACILITIES 40.00
Key Emp
$296,218 $25,155 $321,373
BONNIE KNIGHT DIRECTOR OF PLANNING & ENG 40.00
Highest
$188,826 $18,021 $206,847
DEBRA GRIMM ASST VP OF FACILITIES 40.00
Highest
$151,033 $36,929 $187,962
DANIEL HENDRICKSON DIRECTOR OF SAFETY 40.00
Highest
$137,478 $17,028 $154,506
EDDIE MOORE CARPENTER 40.00
Highest
$101,865 $32,971 $134,836
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $40,794,206 $41,793,221 $195,209,302 $-999,015
2022 $37,883,778 $39,111,827 $145,848,633 $-1,228,049
2021 $36,794,254 $36,792,487 $154,077,614 $1,767
2020 $35,930,246 $38,729,337 $159,893,181 $-2,799,091
2019 $33,518,769 $34,835,638 $162,017,344 $-1,316,869
2018 $30,432,608 $30,432,608 $145,776,887 No data
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