MONADNOCK ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization: MONADNOCK ECONOMIC DEVELOPMENT CORPORATION (EIN 02-0395538)
Tax period: 2020-07-01 to 2021-06-30
Filed: 2022-05-13
IRS object ID: 202201339349304010
Schema version: 2020v4.2
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
Form 990
Schedule A
Schedule B
Schedule D
Schedule M
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2022-05-13T10:27:40-05:00	ReturnTs
Tax Period End	2021-06-30	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Field	Value	IRS element (for citing)
Preparer Firm EIN	020449197	PreparerFirmEIN

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	OSTER & WHEELER PC	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	265 WASHINGTON ST	AddressLine1Txt
City	KEENE	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03431	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990	ReturnTypeCd
Tax Period Begin	2020-07-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	020395538	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MONADNOCK ECONOMIC DEVELOPMENT CORP	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Business Name Control	MONA	BusinessNameControlTxt
Phone	6033521000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 704	AddressLine1Txt
City	KEENE	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03431	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	GEORGE HANSEL	PersonNm
Person Title	PRESIDENT	PersonTitleTxt
Phone	6033521000	PhoneNum
Signature	2022-05-13	SignatureDt
Discuss With Paid Preparer	Yes (1)	DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

Field	Value	IRS element (for citing)
Person First	GEORGE	PersonFirstNm
Person Last	HANSEL	PersonLastNm

Field	Value	IRS element (for citing)
SSN	999009999	SSN

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	CHRISTOPHER R WHEELER CPA	PreparerPersonNm
PTIN	P01436628	PTIN
Phone	6033524500	PhoneNum
Preparation	2022-05-13	PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

Field	Value	IRS element (for citing)
Trusted Customer	0	TrustedCustomerCd
Authentication Assurance Level	AAL1	AuthenticationAssuranceLevelCd
Identity Assurance Level	IAL1	IdentityAssuranceLevelCd

Field	Value	IRS element (for citing)
Tax	2020	TaxYr
Build TS	2022-09-23 18:48:47Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Principal Officer	GEORGE HANSEL	PrincipalOfficerNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 704	AddressLine1Txt
City	KEENE	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03431	ZIPCd

Field	Value	IRS element (for citing)
Gross Receipts	$2,525,403	GrossReceiptsAmt
Group Return For Affiliates	0	GroupReturnForAffiliatesInd
Organization501c3	Yes (X)	Organization501c3Ind
Website Address	WWW.MONADNOCK-DEVELOPMENT.ORG	WebsiteAddressTxt
Type Of Organization Corp	Yes (X)	TypeOfOrganizationCorpInd
Formation	1986	FormationYr
Legal Domicile State	NH	LegalDomicileStateCd
Activity Or Mission	PROMOTION OF BUSINESS DEVELOPMENT AND RELOCATIONS TO THE MONADNOCK REGION OF NEW HAMPSHIRE.	ActivityOrMissionDesc
Voting Members Governing Body	7	VotingMembersGoverningBodyCnt
Voting Members Independent	7	VotingMembersIndependentCnt
Total Employee	5	TotalEmployeeCnt
Total Volunteers	0	TotalVolunteersCnt
Total Gross UBI	$0	TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm	$0	NetUnrelatedBusTxblIncmAmt
PY Contributions Grants	$897,418	PYContributionsGrantsAmt
CY Contributions Grants	$692,886	CYContributionsGrantsAmt
PY Program Service Revenue	$2,310,167	PYProgramServiceRevenueAmt
CY Program Service Revenue	$1,806,868	CYProgramServiceRevenueAmt
PY Investment Income	-$1,444,997	PYInvestmentIncomeAmt
CY Investment Income	$0	CYInvestmentIncomeAmt
PY Other Revenue	$71,607	PYOtherRevenueAmt
CY Other Revenue	$25,649	CYOtherRevenueAmt
PY Total Revenue	$1,834,195	PYTotalRevenueAmt
CY Total Revenue	$2,525,403	CYTotalRevenueAmt
PY Grants And Similar Paid	$0	PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid	$0	CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members	$0	PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members	$0	CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid	$368,176	PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid	$147,775	CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns	$0	PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns	$0	CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense	$0	CYTotalFundraisingExpenseAmt
PY Other Expenses	$3,291,345	PYOtherExpensesAmt
CY Other Expenses	$2,930,931	CYOtherExpensesAmt
PY Total Expenses	$3,659,521	PYTotalExpensesAmt
CY Total Expenses	$3,078,706	CYTotalExpensesAmt
PY Revenues Less Expenses	-$1,825,326	PYRevenuesLessExpensesAmt
CY Revenues Less Expenses	-$553,303	CYRevenuesLessExpensesAmt
Total Assets BOY	$46,243,648	TotalAssetsBOYAmt
Total Assets EOY	$44,564,780	TotalAssetsEOYAmt
Total Liabilities BOY	$47,176,315	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$46,050,750	TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY	-$932,667	NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY	-$1,485,970	NetAssetsOrFundBalancesEOYAmt
Mission	PROMOTION OF BUSINESS DEVELOPMENT AND RELOCATIONS TO THE MONADNOCK REGION OF NEW HAMPSHIRE.	MissionDesc
Significant New Program Srvc	0	SignificantNewProgramSrvcInd
Significant Change	0	SignificantChangeInd
Expense	$2,762,791	ExpenseAmt
Revenue	$1,832,517	RevenueAmt
Desc	PROMOTING OF BUSINESS DEVELOPMENT AND RELOCATIONS TO THE MONADNOCK REGION OF NEW HAMPSHIRE.	Desc
Total Program Service Expenses	$2,762,791	TotalProgramServiceExpensesAmt
Described In Section501c3	Yes (1)	DescribedInSection501c3Ind
Schedule B Required	Yes (1)	ScheduleBRequiredInd
Political Campaign Acty	0	PoliticalCampaignActyInd
Lobbying Activities	0	LobbyingActivitiesInd
Subject To Proxy Tax	0	SubjectToProxyTaxInd
Donor Advised Fund	0	DonorAdvisedFundInd
Conservation Easements	0	ConservationEasementsInd
Collections Of Art	0	CollectionsOfArtInd
Credit Counseling	0	CreditCounselingInd
Donor Rstr Or Quasi Endowments	0	DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment	Yes (1)	ReportLandBuildingEquipmentInd
Report Investments Other Sec	0	ReportInvestmentsOtherSecInd
Report Program Related Invst	0	ReportProgramRelatedInvstInd
Report Other Assets	0	ReportOtherAssetsInd
Report Other Liabilities	Yes (1)	ReportOtherLiabilitiesInd
Include FIN48 Footnote	Yes (1)	IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt	Yes (1)	IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt	Yes (1)	ConsolidatedAuditFinclStmtInd
School Operating	0	SchoolOperatingInd
Foreign Office	0	ForeignOfficeInd
Foreign Activities	0	ForeignActivitiesInd
More Than5000 K To Org	0	MoreThan5000KToOrgInd
More Than5000 K To Individuals	0	MoreThan5000KToIndividualsInd
Professional Fundraising	0	ProfessionalFundraisingInd
Fundraising Activities	0	FundraisingActivitiesInd
Gaming Activities	0	GamingActivitiesInd
Operate Hospital	0	OperateHospitalInd
Grants To Organizations	0	GrantsToOrganizationsInd
Grants To Individuals	0	GrantsToIndividualsInd
Schedule J Required	0	ScheduleJRequiredInd
Tax Exempt Bonds	0	TaxExemptBondsInd
Engaged In Excess Benefit Trans	0	EngagedInExcessBenefitTransInd
PY Excess Benefit Trans	0	PYExcessBenefitTransInd
Loan Outstanding	0	LoanOutstandingInd
Grant To Related Person	0	GrantToRelatedPersonInd
Business Rln With Org Mem	0	BusinessRlnWithOrgMemInd
Business Rln With Fam Mem	0	BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent	0	BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri	Yes (1)	DeductibleNonCashContriInd
Deductible Art Contribution	0	DeductibleArtContributionInd
Terminate Operations	0	TerminateOperationsInd
Partial Liquidation	0	PartialLiquidationInd
Disregarded Entity	Yes (1)	DisregardedEntityInd
Related Entity	Yes (1)	RelatedEntityInd
Related Organization Ctrl Ent	0	RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org	0	TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp	0	ActivitiesConductedPrtshpInd
Schedule O Required	Yes (1)	ScheduleORequiredInd
IRP Document	8	IRPDocumentCnt
IRP Document W2 G	0	IRPDocumentW2GCnt
Employee	5	EmployeeCnt
Employment Tax Returns Filed	Yes (1)	EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit	0	UnrelatedBusIncmOverLimitInd
Foreign Financial Account	0	ForeignFinancialAccountInd
Prohibited Tax Shelter Trans	0	ProhibitedTaxShelterTransInd
Taxable Party Notification	0	TaxablePartyNotificationInd
Nondeductible Contributions	0	NondeductibleContributionsInd
Quid Pro Quo Contributions	0	QuidProQuoContributionsInd
Form8282 Property Disposed Of	0	Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	0	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	0	PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services	0	IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt	0	SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc	0	SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VI	Yes (X)	InfoInScheduleOPartVIInd
Governing Body Voting Members	7	GoverningBodyVotingMembersCnt
Independent Voting Member	7	IndependentVotingMemberCnt
Family Or Business Rln	0	FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties	0	DelegationOfMgmtDutiesInd
Change To Org Documents	0	ChangeToOrgDocumentsInd
Material Diversion Or Misuse	0	MaterialDiversionOrMisuseInd
Members Or Stockholders	0	MembersOrStockholdersInd
Election Of Board Members	0	ElectionOfBoardMembersInd
Decisions Subject To Approva	0	DecisionsSubjectToApprovaInd
Minutes Of Governing Body	Yes (1)	MinutesOfGoverningBodyInd
Minutes Of Committees	Yes (1)	MinutesOfCommitteesInd
Officer Mailing Address	0	OfficerMailingAddressInd
Local Chapters	0	LocalChaptersInd
Form990 Provided To Gvrn Body	0	Form990ProvidedToGvrnBodyInd
Conflict Of Interest Policy	Yes (1)	ConflictOfInterestPolicyInd
Annual Disclosure Covered Prsn	Yes (1)	AnnualDisclosureCoveredPrsnInd
Regular Monitoring Enfrc	Yes (1)	RegularMonitoringEnfrcInd
Whistleblower Policy	Yes (1)	WhistleblowerPolicyInd
Document Retention Policy	Yes (1)	DocumentRetentionPolicyInd
Compensation Process CEO	Yes (1)	CompensationProcessCEOInd
Compensation Process Other	Yes (1)	CompensationProcessOtherInd
Investment In Joint Venture	0	InvestmentInJointVentureInd
States Where Copy Of Return Is Fld	NH	StatesWhereCopyOfReturnIsFldCd
Upon Request	Yes (X)	UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Field	Value	IRS element (for citing)
Person	STEPHEN D'ALESSIO AND ASSOCIATES	PersonNm
Phone	6033521000	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	543 WEST STREET	AddressLine1Txt
City	KEENE	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03431	ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (9 entries)

TitleTitleTxt	Average Hours Per WeekAverageHoursPerWeekRt	Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd	OfficerOfficerInd	Reportable Comp From OrgReportableCompFromOrgAmt	Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt	Other CompensationOtherCompensationAmt
GEORGE HANSEL
PRESIDENT	2.00	Yes (X)	Yes (X)	$0	$0	$0
STEPHEN BRAGDON
TREASURER	2.00	Yes (X)	Yes (X)	$0	$0	$0
JAMES ROUSMANIERE
SECRETARY	0.00	Yes (X)	Yes (X)	$0	$0	$0
COBY HAUSER
TRUSTEE	0.00	Yes (X)		$0	$0	$0
PAUL FABER
TRUSTEE	0.00	Yes (X)		$0	$0	$0
JULIANA BERGERON
TRUSTEE	0.00	Yes (X)		$0	$0	$0
AMANDA LITTLETON
TRUSTEE	0.00	Yes (X)		$0	$0	$0
ARTHUR ROBERT
EXECUTIVE DIRECTOR	40.00		Yes (X)	$79,681	$0	$254
STEVE FORTIER
EXECUTIVE DIRECTOR	40.00		Yes (X)	$0	$0	$0

Field	Value	IRS element (for citing)
Total Reportable Comp From Org	$79,681	TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org	$0	TotReportableCompRltdOrgAmt
Total Other Compensation	$254	TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K	0	IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed	0	FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K	0	TotalCompGreaterThan150KInd
Compensation From Other Srcs	0	CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K	0	CntrctRcvdGreaterThan100KCnt
Government Grants	$8,000	GovernmentGrantsAmt
All Other Contributions	$684,886	AllOtherContributionsAmt
Noncash Contributions	$565,163	NoncashContributionsAmt
Total Contributions	$692,886	TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTS	900099	$1,618,449	$1,618,449
INCOME FROM LOANS	900099	$161,490	$161,490
CONSULTING FEES	900099	$18,596	$18,596
DEVELOPMENT MANAGEMENT	900099	$8,333	$8,333

Field	Value	IRS element (for citing)
Total Program Service Revenue	$1,806,868	TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDesc	BusinessBusinessCd	Total Revenue ColumnTotalRevenueColumnAmt	Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
LEGAL SETTLEMENT	900099	$25,000	$25,000
INCOME FROM DEPOSITS	900099	$649	$649

Field	Value	IRS element (for citing)
Other Revenue Total	$25,649	OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

Field	Value	IRS element (for citing)
Total Revenue Column	$2,525,403	TotalRevenueColumnAmt
Related Or Exempt Func Income	$1,832,517	RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue	$0	UnrelatedBusinessRevenueAmt
Exclusion	$0	ExclusionAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

Field	Value	IRS element (for citing)
Total	$87,577	TotalAmt
Program Services	$10,597	ProgramServicesAmt
Management And General	$76,980	ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

Field	Value	IRS element (for citing)
Total	$38,623	TotalAmt
Management And General	$38,623	ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

Field	Value	IRS element (for citing)
Total	$786	TotalAmt
Management And General	$786	ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

Field	Value	IRS element (for citing)
Total	$12,170	TotalAmt
Management And General	$12,170	ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

Field	Value	IRS element (for citing)
Total	$8,619	TotalAmt
Management And General	$8,619	ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

Field	Value	IRS element (for citing)
Total	$15,012	TotalAmt
Program Services	$3,722	ProgramServicesAmt
Management And General	$11,290	ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

Field	Value	IRS element (for citing)
Total	$69,500	TotalAmt
Management And General	$69,500	ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

Field	Value	IRS element (for citing)
Total	$99,020	TotalAmt
Program Services	$92,968	ProgramServicesAmt
Management And General	$6,052	ManagementAndGeneralAmt

Advertising AdvertisingGrp

Field	Value	IRS element (for citing)
Total	$351	TotalAmt
Management And General	$351	ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

Field	Value	IRS element (for citing)
Total	$6,042	TotalAmt
Management And General	$6,042	ManagementAndGeneralAmt

Occupancy OccupancyGrp

Field	Value	IRS element (for citing)
Total	$57,967	TotalAmt
Program Services	$43,611	ProgramServicesAmt
Management And General	$14,356	ManagementAndGeneralAmt

Travel TravelGrp

Field	Value	IRS element (for citing)
Total	$52	TotalAmt
Management And General	$52	ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

Field	Value	IRS element (for citing)
Total	$1,610	TotalAmt
Management And General	$1,610	ManagementAndGeneralAmt

Interest InterestGrp

Field	Value	IRS element (for citing)
Total	$788,040	TotalAmt
Program Services	$769,631	ProgramServicesAmt
Management And General	$18,409	ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

Field	Value	IRS element (for citing)
Total	$1,303,413	TotalAmt
Program Services	$1,302,165	ProgramServicesAmt
Management And General	$1,248	ManagementAndGeneralAmt

Insurance InsuranceGrp

Field	Value	IRS element (for citing)
Total	$11,708	TotalAmt
Management And General	$11,708	ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDesc	TotalTotalAmt	Program ServicesProgramServicesAmt	Management And GeneralManagementAndGeneralAmt
TERMINATION OF 12 COURT	$411,800	$411,800
GRANT FUNDS RETURNED	$112,390	$112,390
ABANDONED PROJECTS	$46,568	$46,568
CONDO FEES	$23,376	$12,841	$10,535

All Other Expenses AllOtherExpensesGrp

Field	Value	IRS element (for citing)
Total	-$15,918	TotalAmt
Program Services	-$43,502	ProgramServicesAmt
Management And General	$27,584	ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

Field	Value	IRS element (for citing)
Total	$3,078,706	TotalAmt
Program Services	$2,762,791	ProgramServicesAmt
Management And General	$315,915	ManagementAndGeneralAmt
Fundraising	$0	FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

Field	Value	IRS element (for citing)
BOY	$1,374,596	BOYAmt
EOY	$1,511,405	EOYAmt

Accounts Receivable AccountsReceivableGrp

Field	Value	IRS element (for citing)
BOY	$7,287	BOYAmt
EOY	$1,275	EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

Field	Value	IRS element (for citing)
BOY	$10,448,252	BOYAmt
EOY	$10,058,822	EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

Field	Value	IRS element (for citing)
BOY	$3,786	BOYAmt
EOY	$10,618	EOYAmt

Field	Value	IRS element (for citing)
Land Bldg Equip Cost Or Other Bss	$36,688,197	LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec	$5,093,527	LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

Field	Value	IRS element (for citing)
BOY	$32,901,798	BOYAmt
EOY	$31,594,670	EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

Field	Value	IRS element (for citing)
BOY	$412,300	BOYAmt
EOY	$500	EOYAmt

Other Assets Total OtherAssetsTotalGrp

Field	Value	IRS element (for citing)
BOY	$1,095,629	BOYAmt
EOY	$1,387,490	EOYAmt

Total Assets TotalAssetsGrp

Field	Value	IRS element (for citing)
BOY	$46,243,648	BOYAmt
EOY	$44,564,780	EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

Field	Value	IRS element (for citing)
BOY	$11,997	BOYAmt
EOY	$224,824	EOYAmt

Deferred Revenue DeferredRevenueGrp

Field	Value	IRS element (for citing)
BOY	$55,146	BOYAmt
EOY	$55,146	EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

Field	Value	IRS element (for citing)
BOY	$46,493,979	BOYAmt
EOY	$45,538,063	EOYAmt

Other Liabilities OtherLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$615,193	BOYAmt
EOY	$232,717	EOYAmt

Total Liabilities TotalLiabilitiesGrp

Field	Value	IRS element (for citing)
BOY	$47,176,315	BOYAmt
EOY	$46,050,750	EOYAmt

Field	Value	IRS element (for citing)
Organization Follows FASB117	Yes (X)	OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
BOY	-$932,667	BOYAmt
EOY	-$2,586,095	EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

Field	Value	IRS element (for citing)
EOY	$1,100,125	EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	-$932,667	BOYAmt
EOY	-$1,485,970	EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

Field	Value	IRS element (for citing)
BOY	$46,243,648	BOYAmt
EOY	$44,564,780	EOYAmt

Field	Value	IRS element (for citing)
Reconcilation Revenue Expnss	-$553,303	ReconcilationRevenueExpnssAmt
Other Changes In Net Assets	$0	OtherChangesInNetAssetsAmt
Method Of Accounting Accrual	Yes (X)	MethodOfAccountingAccrualInd
Accountant Compile Or Review	0	AccountantCompileOrReviewInd
FS Audited	Yes (1)	FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

Field	Value	IRS element (for citing)
Consolidated Basis Fincl Stmt	Yes (X)	ConsolidatedBasisFinclStmtInd

Field	Value	IRS element (for citing)
Audit Committee	Yes (1)	AuditCommitteeInd
Federal Grant Audit Required	0	FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Public Organization170	Yes (X)	PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,070,430	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$39,000	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$207,743	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$897,418	CurrentTaxYearMinus1YearAmt
Current Tax Year	$692,886	CurrentTaxYearAmt
Total	$2,907,477	TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus4 Years	$1,070,430	CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years	$39,000	CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years	$207,743	CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year	$897,418	CurrentTaxYearMinus1YearAmt
Current Tax Year	$692,886	CurrentTaxYearAmt
Total	$2,907,477	TotalAmt

Field	Value	IRS element (for citing)
Public Support Total170	$2,907,477	PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

Field	Value	IRS element (for citing)
Current Tax Year Minus1 Year	$71,607	CurrentTaxYearMinus1YearAmt
Current Tax Year	$25,649	CurrentTaxYearAmt
Total	$97,256	TotalAmt

Field	Value	IRS element (for citing)
Total Support	$3,004,733	TotalSupportAmt
Public Support CY170	0.96760	PublicSupportCY170Pct
Public Support PY170	0.92700	PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170	Yes (X)	ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	RESTRICTED	ContributorNum

Contributor Business Name ContributorBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	RESTRICTED	BusinessNameLine1

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	RESTRICTED	AddressLine1
Address Line2	RESTRICTED	AddressLine2
City	RESTRICTED	City
State	RESTRICTED	State
ZIP Code	RESTRICTED	ZIPCode

Field	Value	IRS element (for citing)
Total Contributions	RESTRICTED	TotalContributionsAmt

Schedule D IRS990ScheduleD

Land LandGrp

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	$30,000	InvestmentCostOrOtherBasisAmt
Other Cost Or Other Basis	$860,571	OtherCostOrOtherBasisAmt
Book Value	$890,571	BookValueAmt

Buildings BuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$33,277,680	OtherCostOrOtherBasisAmt
Depreciation	$5,093,527	DepreciationAmt
Book Value	$28,184,153	BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

Field	Value	IRS element (for citing)
Other Cost Or Other Basis	$2,519,946	OtherCostOrOtherBasisAmt
Book Value	$2,519,946	BookValueAmt

Field	Value	IRS element (for citing)
Total Book Value Land Buildings	$31,594,670	TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDesc	AmtAmt
INTER ENTITY ACCOUNTS PAYABLE	$231,442
DEPOSITS DUE	$1,275

Field	Value	IRS element (for citing)
Total Liability	$232,717	TotalLiabilityAmt
Footnote Text	Yes (X)	FootnoteTextInd
Total Rev Etc Audited Fincl Stmt	$2,525,403	TotalRevEtcAuditedFinclStmtAmt
Revenue Not Reported	$0	RevenueNotReportedAmt
Revenue Subtotal	$2,525,403	RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt	$0	RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990	$2,525,403	TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt	$2,654,470	TotExpnsEtcAuditedFinclStmtAmt
Other Expenses Included	$2,460	OtherExpensesIncludedAmt
Expenses Not Reported	$2,460	ExpensesNotReportedAmt
Expenses Subtotal	$2,652,010	ExpensesSubtotalAmt
Other Expenses Not Included	$426,696	OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt	$426,696	ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990	$3,078,706	TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
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. 12 COURT STREET, LLC IS FOR PROFIT SUBSIDIARIES AND IS TAXED AS A PARTNERSHIP. 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 2D - OTHER ADJUSTMENTS:	MISCELLANEOUS EXPENSES 2,460.
PART XII, LINE 4B - OTHER ADJUSTMENTS:	STATE TAX 14,896. TERMINATION OF 12 COURT STREET INVESTMENT 411,800.

Schedule M IRS990ScheduleM

Other Non Cash Contri Table OtherNonCashContriTableGrp

Field	Value	IRS element (for citing)
Non Cash Checkbox	Yes (X)	NonCashCheckboxInd
Desc	FORGIVENESS OF DEBT	Desc
Contribution	5	ContributionCnt
Noncash Contributions Rpt F990	$455,163	NoncashContributionsRptF990Amt
Method Of Determining Revenues	FACE VALUE OF NOTE	MethodOfDeterminingRevenuesTxt

Field	Value	IRS element (for citing)
Any Property That Must Be Held	0	AnyPropertyThatMustBeHeldInd
Review Process Unusual NC Gifts	0	ReviewProcessUnusualNCGiftsInd
Third Parties Used	0	ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDesc	ExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11B	REVIEW 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 12C	TRUSTEES ARE REQUIRED TO REVIEW THE POLICY, DISCLOSE ANY CONFLICTS, AND CERTIFY EACH YEAR.
FORM 990, PART VI, SECTION B, LINE 15	BOARD OF DIRECTORS REVIEWS AND APPROVES MANAGEMENT COMPENSATION ANNUALLY.
FORM 990, PART VI, SECTION C, LINE 19	ALL 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/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Direct Controlling NADirectControllingNACd
RAILROAD LAND DEVELOPMENT LLC
51 RAILROAD STREET	KEENE	NH	03431	205431632	DEVELOPMENT, CONSTRUCTION	NH	N/A
33 WINTER STREET LLC
51 RAILROAD STREET	KEENE	NH	03431		DEVELOPMENT, CONSTRUCTION	NH	N/A
HEBERTON ADVANCEMENT LLC
51 RAILROAD STREET	KEENE	NH	03431	822405189	DEVELOPMENT, CONSTRUCTION	NH	N/A

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp

Related Organization Name RelatedOrganizationName

Field	Value	IRS element (for citing)
Business Name Line1	12 COURT STREET LLC	BusinessNameLine1Txt

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	51 RAILROAD STREET	AddressLine1Txt
City	KEENE	CityNm
State Abbreviation	NH	StateAbbreviationCd
ZIP	03431	ZIPCd

Field	Value	IRS element (for citing)
EIN	460558431	EIN
Primary Activities	DEVELOPMENT, CONSTRUCTION	PrimaryActivitiesTxt
Legal Domicile State	NH	LegalDomicileStateCd
Disproportionate Allocations	0	DisproportionateAllocationsInd
General Or Managing Partner	0	GeneralOrManagingPartnerInd

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1USAddress/AddressLine1Txt	CityUSAddress/CityNm	State AbbreviationUSAddress/StateAbbreviationCd	ZIPUSAddress/ZIPCd	EINEIN	Primary ActivitiesPrimaryActivitiesTxt	Legal Domicile StateLegalDomicileStateCd	Direct Controlling NADirectControllingNACd	Entity TypeEntityTypeTxt	OwnershipOwnershipPct	Controlled OrganizationControlledOrganizationInd
MEDC DEVELOPMENT CORP
51 RAILROAD STREET	KEENE	NH	03431	020502923	DEVELOPMENT, CONSTRUCTION	NH	N/A	C	1.00000	0
MEDC MANAGEMENT CORP
51 RAILROAD STREET	KEENE	NH	03431	208458552	RENTAL MANAGEMENT	NH		C	1.00000	0

Field	Value	IRS element (for citing)
Receipt Of Int Annts Rnts Rylts	0	ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org	0	GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org	0	GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org	0	LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org	0	LoansOrGuaranteesFromOthOrgInd
Div Related Organization	0	DivRelatedOrganizationInd
Asset Sale To Other Org	0	AssetSaleToOtherOrgInd
Asset Purchase From Other Org	0	AssetPurchaseFromOtherOrgInd
Asset Exchange	0	AssetExchangeInd
Rental Of Facilities To Oth Org	0	RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org	0	RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org	0	PerformOfServicesForOthOrgInd
Perform Of Services By Other Org	0	PerformOfServicesByOtherOrgInd
Sharing Of Facilities	0	SharingOfFacilitiesInd
Paid Employees Sharing	0	PaidEmployeesSharingInd
Reimbursement Paid To Other Org	0	ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org	0	ReimbursementPaidByOtherOrgInd
Transfer To Other Org	0	TransferToOtherOrgInd
Transfer From Other Org	0	TransferFromOtherOrgInd