Madison Family Residency Corporation Inc, C-O Robert Drachenberg in Madison, Wisconsin (WI)

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Madison Family Residency Corporation Inc, C-O Robert Drachenberg
Employer Identification Number (EIN)391758103
Name of OrganizationMadison Family Residency Corporation Inc
Secondary NameC-O Robert Drachenberg
In Care of NameRobert Drachenberg
Address1100 Delaplaine Ct, Madison, WI 53715-1840
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date08/1994
DeductibilityContributions are deductible
FoundationOrganization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$5,000,000 to $9,999,999
Income$500,000 to $999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$9,397,744
Amount of Income$982,854
Form 990 Revenue Amount$931,897


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Financial snapshot ($)

Revenue for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$727,201
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$713,116
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$996
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$13,089
Statement of Functional Expenses (for 2011)
Total functional expenses$587,460
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$0
Payroll taxes$0
Professional fundraising services$0
Other$587,460
Balance Sheet (for 2011)
Total assets$10,069,393
Total liabilities$9,326,783
Tax-exempt bond liabilities$9,274,460
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$52,323
Total net assets or fund balances$742,610
Retained earnings, endowment, accumulated income, or other funds$742,610
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$71,658
Gifts, grants, contributions, and membership fees received$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$69,716
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$1,942
Gross receipts from related activities, etc.$2,881,420
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