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MONADNOCK ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2021

View the entire original 990 at ProPublica ↗

Organization
MONADNOCK ECONOMIC DEVELOPMENT CORPORATION (EIN 02-0395538)
Tax period
2021-07-01 to 2022-06-30
Filed
2023-05-10
IRS object ID
202311309349302711
Schema version
2021v4.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2023-05-10T11:28:30-05:00ReturnTs
Tax Period End2022-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN020449197PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1OSTER & WHEELER PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1265 WASHINGTON STAddressLine1Txt
CityKEENECityNm
State AbbreviationNHStateAbbreviationCd
ZIP03431ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2021-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN020395538EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MONADNOCK ECONOMIC DEVELOPMENT CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMONABusinessNameControlTxt
Phone6033521000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 704AddressLine1Txt
CityKEENECityNm
State AbbreviationNHStateAbbreviationCd
ZIP03431ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonGEORGE HANSELPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone6033521000PhoneNum
Signature2023-05-10SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstGEORGEPersonFirstNm
Person LastHANSELPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER R WHEELER CPAPreparerPersonNm
PTINP01436628PTIN
Phone6033524500PhoneNum
Preparation2023-05-05PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer3TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2021TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerGEORGE HANSELPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 704AddressLine1Txt
CityKEENECityNm
State AbbreviationNHStateAbbreviationCd
ZIP03431ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,706,996GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.MONADNOCK-DEVELOPMENT.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1986FormationYr
Legal Domicile StateNHLegalDomicileStateCd
Activity Or MissionPROMOTION OF BUSINESS DEVELOPMENT AND RELOCATIONS TO THE MONADNOCK REGION OF NEW HAMPSHIRE.ActivityOrMissionDesc
Voting Members Governing Body8VotingMembersGoverningBodyCnt
Voting Members Independent8VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$692,886PYContributionsGrantsAmt
CY Contributions Grants$296,661CYContributionsGrantsAmt
PY Program Service Revenue$1,806,868PYProgramServiceRevenueAmt
CY Program Service Revenue$1,772,065CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income-$152,388CYInvestmentIncomeAmt
PY Other Revenue$25,649PYOtherRevenueAmt
CY Other Revenue$770CYOtherRevenueAmt
PY Total Revenue$2,525,403PYTotalRevenueAmt
CY Total Revenue$1,917,108CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$147,775PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$36,963CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$2,930,931PYOtherExpensesAmt
CY Other Expenses$2,371,777CYOtherExpensesAmt
PY Total Expenses$3,078,706PYTotalExpensesAmt
CY Total Expenses$2,408,740CYTotalExpensesAmt
PY Revenues Less Expenses-$553,303PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$491,632CYRevenuesLessExpensesAmt
Total Assets BOY$44,564,780TotalAssetsBOYAmt
Total Assets EOY$42,887,115TotalAssetsEOYAmt
Total Liabilities BOY$46,050,750TotalLiabilitiesBOYAmt
Total Liabilities EOY$44,864,717TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$1,485,970NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$1,977,602NetAssetsOrFundBalancesEOYAmt
MissionPROMOTION OF BUSINESS DEVELOPMENT AND RELOCATIONS TO THE MONADNOCK REGION OF NEW HAMPSHIRE.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$2,263,103ExpenseAmt
Revenue$1,772,835RevenueAmt
DescPROMOTING OF BUSINESS DEVELOPMENT AND RELOCATIONS TO THE MONADNOCK REGION OF NEW HAMPSHIRE.Desc
Total Program Service Expenses$2,263,103TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document6IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members8GoverningBodyVotingMembersCnt
Independent Voting Member8IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldNHStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSTEPHEN D'ALESSIO AND ASSOCIATESPersonNm
Phone6033521000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1543 WEST STREETAddressLine1Txt
CityKEENECityNm
State AbbreviationNHStateAbbreviationCd
ZIP03431ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (10 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
GEORGE HANSEL
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
STEPHEN BRAGDON
TREASURER2.00Yes (X)Yes (X)$0$0$0
PAUL FABER
TRUSTEE1.00Yes (X)$0$0$0
JULIANA BERGERON
TRUSTEE1.00Yes (X)$0$0$0
AMANDA LITTLETON
SECRETARY1.00Yes (X)Yes (X)$0$0$0
RIK EKSTROM
TRUSTEE1.00Yes (X)$0$0$0
STEVE SILVERSTEIN
TRUSTEE1.00Yes (X)$0$0$0
ROBERT EDWARDS
TRUSTEE1.00Yes (X)$0$0$0
STEVE FORTIER
EXECUTIVE DIRECTOR40.00Yes (X)$52,900$0$6,393
ARTHUR ROBERT
EXECUTIVE DIRECTOR40.00Yes (X)$7,554$0$2,793
FieldValueIRS element (for citing)
Total Reportable Comp From Org$60,454TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$9,186TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$296,661AllOtherContributionsAmt
Noncash Contributions$223,230NoncashContributionsAmt
Total Contributions$296,661TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (3 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTS531120$1,617,227$1,617,227
INCOME FROM LOANS541900$149,838$149,838
APPLICATION FEES541900$5,000$5,000
FieldValueIRS element (for citing)
Total Program Service Revenue$1,772,065TotalProgramServiceRevenueAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Other$637,500OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Other$789,888OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Other-$152,388OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column-$152,388TotalRevenueColumnAmt
Exclusion-$152,388ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescINCOME FROM DEPOSITSDesc
Business541900BusinessCd
Total Revenue Column$770TotalRevenueColumnAmt
Related Or Exempt Func Income$770RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$770OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,917,108TotalRevenueColumnAmt
Related Or Exempt Func Income$1,772,835RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion-$152,388ExclusionAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$36,963TotalAmt
Program Services$17,250ProgramServicesAmt
Management And General$19,713ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$1,489TotalAmt
Management And General$1,489ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$55,355TotalAmt
Management And General$55,355ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$91,995TotalAmt
Program Services$79,405ProgramServicesAmt
Management And General$12,590ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$7,847TotalAmt
Management And General$7,847ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$1,286TotalAmt
Management And General$1,286ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$45,307TotalAmt
Program Services$34,391ProgramServicesAmt
Management And General$10,916ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$735,085TotalAmt
Program Services$735,085ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$1,302,831TotalAmt
Program Services$1,301,583ProgramServicesAmt
Management And General$1,248ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$13,239TotalAmt
Management And General$13,239ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
ABANDONED PROJECTS$80,819$80,819
CONDO FEES$21,540$11,826$9,714
STATE TAXES$5,050$5,050
REPAIRS AND MAINTENANCE$4,947$2,623$2,324

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,987TotalAmt
Program Services$121ProgramServicesAmt
Management And General$4,866ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,408,740TotalAmt
Program Services$2,263,103ProgramServicesAmt
Management And General$145,637ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$1,511,405BOYAmt
EOY$1,700,189EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$1,275BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$10,058,822BOYAmt
EOY$9,858,397EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$10,618BOYAmt
EOY$5,947EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$35,525,258LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$5,963,708LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$31,594,670BOYAmt
EOY$29,561,550EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$500BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$1,387,490BOYAmt
EOY$1,761,032EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$44,564,780BOYAmt
EOY$42,887,115EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$224,824BOYAmt
EOY$164,721EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$55,146BOYAmt
EOY$55,146EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$45,538,063BOYAmt
EOY$44,419,408EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$232,717BOYAmt
EOY$225,442EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$46,050,750BOYAmt
EOY$44,864,717EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$2,586,095BOYAmt
EOY-$3,068,602EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,100,125BOYAmt
EOY$1,091,000EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$1,485,970BOYAmt
EOY-$1,977,602EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$44,564,780BOYAmt
EOY$42,887,115EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$491,632ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$39,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$207,743CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$897,418CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$692,886CurrentTaxYearMinus1YearAmt
Current Tax Year$296,661CurrentTaxYearAmt
Total$2,133,708TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$39,000CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$207,743CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$897,418CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$692,886CurrentTaxYearMinus1YearAmt
Current Tax Year$296,661CurrentTaxYearAmt
Total$2,133,708TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$2,133,708PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$71,607CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$25,649CurrentTaxYearMinus1YearAmt
Current Tax Year$770CurrentTaxYearAmt
Total$98,026TotalAmt
FieldValueIRS element (for citing)
Total Support$2,231,734TotalSupportAmt
Public Support CY1700.95610PublicSupportCY170Pct
Public Support PY1700.96760PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

FieldValueIRS element (for citing)
Investment Cost Or Other Basis$30,000InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis$820,571OtherCostOrOtherBasisAmt
Book Value$850,571BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$32,206,232OtherCostOrOtherBasisAmt
Depreciation$5,963,708DepreciationAmt
Book Value$26,242,524BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$2,468,455OtherCostOrOtherBasisAmt
Book Value$2,468,455BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$29,561,550TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescINTER ENTITY ACCOUNTS PAYABLEDesc
Amt$225,442Amt
FieldValueIRS element (for citing)
Total Liability$225,442TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,917,108TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$1,917,108RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$1,917,108TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$2,327,921TotExpnsEtcAuditedFinclStmtAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$2,327,921ExpensesSubtotalAmt
Other Expenses Not Included$80,819OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$80,819ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$2,408,740TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:MEDC QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. MEDC HAS EVALUATED ITS SIGNIFICANT TAX POSITIONS, INCLUDING THEIR TAX-EXEMPT STATUS, AND DETERMINED THAT THEY DO NOT NEED TO RECOGNIZE A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS FOR INTEREST, PENALTIES OR POTENTIAL TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. MEDC'S ANNUAL FEDERAL RETURN FILING (FORM 990) AND NEW HAMPSHIRE ANNUAL REPORT (NHCT-12) REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS FOR THE STANDARD THREE-YEAR STATUTE OF LIMITATIONS. MEDC PRODUCTION AVE. LLC AND HEBERTON ADVANCEMENT LLC, ARE FOR PROFIT SUBSIDIARIES AND ARE TAXED AS SINGLE MEMBER LLC ENTITIES, WHICH ARE DISREGARDED AT THE FEDERAL LEVEL. RAILROAD LAND DEVELOPMENT LLC, MEDC PRODUCTION AVE. LLC, HEBERTON ADVANCEMENT LLC, AND 76 WINTER STREET LLC ARE CONSOLIDATED AS PART OF MEDC'S NON-PROFIT TAX FILING.
PART XII, LINE 4B - OTHER ADJUSTMENTS:ABANDONED PROJECT COSTS 80,819.

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
DescFORGIVENESS OF DEBTDesc
Contribution3ContributionCnt
Noncash Contributions Rpt F990$223,229NoncashContributionsRptF990Amt
Method Of Determining RevenuesFACE VALUE OF NOTEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts0ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BREVIEW OF THE FORM 990 AND INDEPENDENT AUDITORS' REPORT IS CONDUCTED BY THE TREASURER AND PRESIDENT PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CTRUSTEES ARE REQUIRED TO REVIEW THE POLICY, DISCLOSE ANY CONFLICTS, AND CERTIFY EACH YEAR.
FORM 990, PART VI, SECTION B, LINE 15BOARD OF DIRECTORS REVIEWS AND APPROVES MANAGEMENT COMPENSATION ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE OFFICE WHERE THE RECORDS ARE MAINTAINED.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACd
RAILROAD LAND DEVELOPMENT LLC
51 RAILROAD STREETKEENENH03431205431632DEVELOPMENT, CONSTRUCTIONNHN/A
33 WINTER STREET LLC
51 RAILROAD STREETKEENENH03431DEVELOPMENT, CONSTRUCTIONNHN/A
HEBERTON ADVANCEMENT LLC
51 RAILROAD STREETKEENENH03431822405189DEVELOPMENT, CONSTRUCTIONNHN/A

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
MEDC DEVELOPMENT CORP
51 RAILROAD STREETKEENENH03431020502923DEVELOPMENT, CONSTRUCTIONNHN/AC1.000000
MEDC MANAGEMENT CORP
51 RAILROAD STREETKEENENH03431208458552RENTAL MANAGEMENTNHC1.000000
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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