Madrone Community Development Foundation
Nonprofit profile at a glance
- EIN
- 874391708
- IRS 990 coverage
- 2024–2025
- Forms available
- Form 990 2025, Form 990-N 2023
- Location
- Berkeley, CA, USA
- Phone
- 4159027835
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Community, Neighborhood Development
Reported finances
- Revenue
- $142,230
- Expenses
- $539,293
- Assets
- $227,712,026
- Liabilities
- $228,150,176
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- RICHARD N WAUGH (PRESIDENT)
Highest reported compensation
- RICHARD N WAUGH (PRESIDENT): $143,166 total reported compensation
- BLAIR TAVENNER (CHIEF OPERATING OFFICER): $120,500 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To lessen the burdens of government by assisting local governments, public agencies, schools, community colleges, colleges and universities in acquiring, developing and constructing facilities, including educational, community, infrastructure and housing facilities. Madrone was also formed to assist governments in meeting the restoration and planting goals for parks, forests, and streets.
What it reported doing in 2025
The charitable purposes of the organization are to engage in a broad range of activities to:- assist state and local governments, including but not limited to cities, counties, public universities, colleges, community colleges, schools and other state and local governmental units, in lessening their burdens of government, including but not limited to through the provision of housing for residents, workforce and students; educational facilities; court houses; libraries; other public facilities; and public infrastructure. These purposes may be accomplished through various means, including without limitation, the acquisition, development, construction, ownership, maintenance, management, operation and disposition of such facilities;- assist private charitable organizations, including private schools, colleges, universities and hospitals, in the provision of administrative facilities, educational facilities and housing for their workforce and students. These purposes may be accomplished through various means, including without limitation, the acquisition, development, construction, ownership, maintenance, management, operation and disposition of such facilities; and - assist state and local governments nationally in meeting the restoration and planting goals for parks, forests and streets.
Operating model
- Revenue model
- Earned-program. 70% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 90
- Accountability: 65
- Sustainability: 30
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 80.6%; rating input score 81
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 80%; rating input score 80; 23rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -279.2%; rating input score 0; 0th percentile among comparable filings
- Total-asset coverage ratio: 422.24; rating input score 100; 100th percentile among comparable filings
- Liabilities to assets ratio: 1; rating input score 3; 3rd percentile among comparable filings
- Officer compensation ratio: 48.9%; rating input score 4; 4th percentile among comparable filings
Growth
- Program expense growth: 134.3% per year; rating input score 100; 99th percentile among comparable filings
- Revenue growth: 99% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 103.8% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 80.6% of spending went to programs
- Governance: 4 of 5 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $435K in reported program spending
- Leadership: top reported pay $143K · 6 people listed
- Highest-paid contractors: 2 contractors listed · $65M reported
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 4 of 8 not reported.
- High — Sustainability: Operating margin scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 3/100.
- High — Sustainability: Officer compensation ratio scored 4/100.