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MADISON STREET PROPERTIES INC

EIN 52-1949813 BALTIMORE, MD

Revenue 2023
$45,008,000
Expenses 2023
$45,002,708

Program services were 86.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S500
Classification
1000
Street
707 N BROADWAY

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Officers and directors · 2023

As listed in Part VII of the 2023 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • BRADLEY L SCHLAGGAR MD PHD

    PRESIDENT & CEO

    Total calculated
    $1,054,074
    From this org
    $108,167
    From related orgs
    $897,953
    Other
    $47,954
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $64,384 + $534,485 related
    Bonus
    $19,674 + $163,326 related
    Other
    $24,109 + $200,142 related
    Deferred
    $1,597 + $13,253 related
    Nontaxable benefits
    $3,558 + $29,546 related
    Filer's total
    $113,322 + $940,752 related

  • NANCY GRASMICK ED D

    CHAIRPERSON

    Total calculated
    $99,487
    From this org
    $0
    From related orgs
    $89,628
    Other
    $9,859
    Hours/week
    1 + 21 related

  • RONALD R PETERSON

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • RICHARD W CASS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JAMES M ANDERS JR

    COO/ADMINISTRATOR/SECRETARY

    Total calculated
    $1,041,362
    From this org
    $107,841
    From related orgs
    $895,247
    Other
    $38,274
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $64,974 + $539,385 related
    Bonus
    $19,674 + $163,326 related
    Other
    $23,193 + $192,536 related
    Deferred
    $2,129 + $17,671 related
    Nontaxable benefits
    $1,986 + $16,488 related
    Filer's total
    $111,956 + $929,406 related

  • MICHAEL J NEUMAN

    SVP-FINANCE/TREASURER

    Total calculated
    $572,035
    From this org
    $57,458
    From related orgs
    $477,003
    Other
    $37,574
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $44,601 + $370,265 related
    Bonus
    $6,988 + $58,012 related
    Other
    $5,869 + $48,726 related
    Deferred
    $2,129 + $17,671 related
    Nontaxable benefits
    $1,911 + $15,863 related
    Filer's total
    $61,498 + $510,537 related

  • RAYMOND SHORT

    SVP - HUMAN RESOURCES

    Total calculated
    $513,411
    From this org
    $49,395
    From related orgs
    $410,061
    Other
    $53,955
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $36,369 + $301,922 related
    Bonus
    $5,375 + $44,625 related
    Other
    $7,651 + $63,514 related
    Deferred
    $2,129 + $17,671 related
    Nontaxable benefits
    $3,672 + $30,483 related
    Filer's total
    $55,196 + $458,215 related

  • VALERIE BONHAM

    VP - GENERAL COUNSEL (PART YEAR)

    Total calculated
    $409,093
    From this org
    $38,826
    From related orgs
    $322,315
    Other
    $47,952
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $32,701 + $271,472 related
    Bonus
    $3,763 + $31,237 related
    Other
    $2,362 + $19,606 related
    Deferred
    $1,552 + $12,880 related
    Nontaxable benefits
    $3,604 + $29,916 related
    Filer's total
    $43,982 + $365,111 related

  • GEORGE THOMAS

    VP-FACILITIES

    Total calculated
    $332,698
    From this org
    $313,488
    From related orgs
    $0
    Other
    $19,210
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $259,060
    Bonus
    $30,000
    Other
    $24,428
    Deferred
    $18,270
    Nontaxable benefits
    $940
    Filer's total
    $332,698

  • BONNIE KNIGHT

    AVP-FACILITIES

    Total calculated
    $226,297
    From this org
    $205,646
    From related orgs
    $0
    Other
    $20,651
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,926
    Bonus
    $18,000
    Other
    $11,720
    Deferred
    $11,764
    Nontaxable benefits
    $8,887
    Filer's total
    $226,297

  • DEBRA GRIMM

    AVP-FACILITIES

    Total calculated
    $201,695
    From this org
    $163,312
    From related orgs
    $0
    Other
    $38,383
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,534
    Bonus
    $10,000
    Other
    $9,778
    Deferred
    $10,222
    Nontaxable benefits
    $28,161
    Filer's total
    $201,695

  • DANIEL HENDRICKSON

    AVP-FACILITIES

    Total calculated
    $195,669
    From this org
    $176,112
    From related orgs
    $0
    Other
    $19,557
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,645
    Bonus
    $8,000
    Other
    $6,467
    Deferred
    $10,670
    Nontaxable benefits
    $8,887
    Filer's total
    $195,669

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us. Earlier years are each on their own filing page.

Filings

  • 2023
    Revenue
    $45,008,000
    Expenses
    $45,002,708
    Contributions
    $0
    Grants paid
    $0
  • 2022
    Revenue
    $40,794,206
    Expenses
    $41,793,221
    Contributions
    $0
    Grants paid
    $248,532

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Grants made

Where these grants went next →

Grants received

No itemized grant names this organization as a recipient. Only grants over $5,000 are itemized, and only by filers of the full Form 990.

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2023 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 10 September 2026, under deductibility SOUNK.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.