2022-11-11T15:10:02-06:00 2021-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2021-01-01 237011408 LOWER ROXBURY COMMUNITY CORPORATION LOWE 6175413900 184 DUDLEY STREET ROXBURY MA 02119 LESLIE REID EXECUTIVE DIRECTOR 6175413900 2022-11-10 1 LESLIE REID 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 6176481400 2022-10-26 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z LESLIE REID 184 DUDLEY STREET ROXBURY MA 02119 2323614 0 X N/A X 1967 MA TO FURTHER THE INTEREST OF ALL OF THE RESIDENTS IN THE AREA KNOWN AS LOWER ROXBURY IN MATTERS OF HOUSING, EDUCATION, RECREATION AND TO REVITALIZE THE COMMUNITY. 10 10 0 50 0 0 0 100000 1499813 1453077 5281504 745011 18828 25526 6800145 2323614 0 0 0 0 0 0 0 0 0 1459679 1744385 1459679 1744385 5340466 579229 35211825 50806901 12905853 20706144 22305972 30100757 X THE OVERALL MISSION IS TO FOSTER THE SOCIAL, PHYSICAL, ECONOMIC AND CULTURAL RENAISSANCE OF THE LOWER ROXBURY COMMUNITY BY PROMOTING THE ECONOMIC SELF-SUFFICIENCY AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE-INCOME RESIDENTS AND ADVOCATING FOR THE HOME OWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION. 0 0 1719419 1478603 TO FURTHER THE INTEREST OF ALL OF THE RESIDENTS IN THE AREA KNOWN AS LOWER ROXBURY IN THE MATTERS OF HOUSING, EDUCATION, RECREATION AND GENERALLY TO WORK FOR THE REVITALIZATION OF THE COMMUNITY. 1719419 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X LESLIE REID 6178496220 184 DUDLEY STREET ROXBURY MA 02119 AYANNA HINES DIRECTOR 1.00 3.00 X 0 0 0 ELMER FREEMAN OUTGOING DIRECTOR AS OF 10/21 1.00 3.00 X 0 0 0 ERIC HALL DIRECTOR 1.00 3.00 X 0 0 0 GLORIA E BROOKS DIRECTOR 1.00 3.00 X 0 0 0 IVELISE RIVERA VICE PRESIDENT 1.00 3.00 X X 0 0 0 KARLEEN P PORCENA TREASURER 1.00 3.00 X X 0 0 0 LISA MORISHANTI PRESIDENT 1.00 3.00 X X 0 0 0 MALIK AZIZ DIRECTOR 1.00 3.00 X 0 0 0 NINA RUFF SECRETARY 1.00 3.00 X X 0 0 0 ROBERT L TERRELL DIRECTOR 1.00 3.00 X 0 0 0 ROGER CARTER OUTGOING DIRECTOR AS OF 5/21 1.00 3.00 X 0 0 0 SONRISA HAYNES DIRECTOR 1.00 3.00 X 0 0 0 LESLIE A REID CHIEF EXECUTIVE OFFICER/ASSISTANT CLERK 1.00 40.00 X 0 250634 34473 0 250634 34473 0 0 1 0 MARSH MORIARTY ONTELL & GOLDER 25 BRAINTREE HILL OFFICE PARK BRAINTREE MA 02184 LEGAL SERVICES 1178373 J GARLAND ENTERPRISES ONE MARINA PARK DR BOSTON MA 02210 ARCHITECTURAL SERVICES 117000 2 100000 100000 RENTAL INCOME 531110 1453077 1453077 1453077 745011 745011 MISCELLANEOUS INCOME 531110 25526 25526 25526 2323614 1478603 0 745011 105928 105928 32539 32539 15599 15599 24966 24966 18440 18440 15188 15188 348126 348126 313580 313580 446028 446028 45882 45882 OTHER TAXES 188998 188998 REPAIRS & MAINTENANCE 159597 159597 BAD DEBTS 29514 29514 1744385 1719419 24966 0 1943094 1119306 237744 235264 10881602 10919625 12880362 3550913 8096297 9329449 4447217 11632912 319912 10855282 124909 222382 9161050 6492681 35211825 50806901 58739 239629 7843424 8930698 5003690 11535817 12905853 20706144 X 22305972 30100757 22305972 30100757 35211825 50806901 X 579229 -252667 7468223 X X 0 1 X 1 0 X 100000 100000 4434688 1557780 1509263 1499813 1453077 10454621 4434688 1557780 1509263 1499813 1553077 10554621 0 0 0 10554621 142263 165408 375509 502004 745011 1930195 142263 165408 375509 502004 745011 1930195 1330 5270 3359817 18826 25526 3410769 4578281 1728458 5244589 2020643 2323614 15895585 0.66400 0.76990 0.12140 0.04920 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DEBT FORGIVENESS - 2017 AMOUNT: $ 1,330. 2018 AMOUNT: $ 5,270. 2019 AMOUNT: $ 6,704. 2020 AMOUNT: $ 18,826. 2021 AMOUNT: $ 25,526. PARTNERSHIP CAPITAL DISTRIBUTIONS - 2019 AMOUNT: $ 3,353,113. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1228952 1228952 11446509 3362457 8084052 204901 188456 16445 9329449 INVESTMENT IN HSG SUBSIDIARIES 10855282 C 10855282 DUE FROM AFFILIATES 5317918 OTHER ASSETS 46681 CONSTRCUTION IN PROGRESS 1128082 6492681 DUE TO AFFILIATED ENTITIES 11458005 OTHER CURRENT LIABILITIES 77812 11535817 X PART X, LINE 2: MPDC AND CERTAIN SUBSIDIARIES, NAMELY; MADISON PARK ECONOMIC DEVELOPMENT CORPORATION, MADISON PARK HOUSING CORPORATION AND LOWER ROXBURY COMMUNITY CORPORATION ("LRCC") QUALIFY AS ORGANIZATIONS FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE IRC AND THEREFORE ARE NOT SUBJECT TO INCOME TAX AND ARE NOT PRIVATE FOUNDATIONS UNDER SECTION 509(A)(1). CERTAIN UNRELATED BUSINESS INCOME, AS DEFINED IN THE IRC, IS SUBJECT TO FEDERAL INCOME TAX. FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, THERE WAS NO UNRELATED BUSINESS INCOME. THE PROVISIONS OF GAAP REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED UPON A MORE LIKELY THAN NOT THRESHOLD. THIS APPLIES TO TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN THE TAX RETURNS OF ALL ENTITIES INCLUDED IN THE COMPANY'S CONSOLIDATED GROUP. THE COMPANY REGULARLY ASSESSES THE POTENTIAL SETTLEMENT OUTCOMES RESULTING FROM INCOME TAX EXAMINATIONS. THE IMPLEMENTATION OF THESE PROVISIONS HAS NO IMPACT ON THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS AS THE COMPANY BELIEVES THAT ITS CONSOLIDATED FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS. GENERALLY, THE ABOVE INFORMATION OR TAX RETURNS REMAIN OPEN FOR FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS FROM THE FILING DATE. NO NOTICES HAVE BEEN RECEIVED FROM EITHER THE INTERNAL REVENUE SERVICE OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR. 0 0 0 0 0 0 0 0 0 LESLIE A REID CHIEF EXECUTIVE OFFICER/ASSISTANT CL 0 224384 0 26250 0 0 0 10219 0 24254 0 285107 0 0 PART I, LINE 3 LOWER ROXBURY COMMUNITY CORPORATION HAS NO EMPLOYEES. ALL COMPENSATION IS PROVIDED TO EMPLOYEES OF ITS SOLE MEMBER, MADISON PARK DEVELOPMENT CORPORATION. PLEASE REFER TO MPDC'S FORM 990 FOR COMPENSATION INFORMATION AND DECISION MAKING. FORM 990, PART VI, SECTION A, LINE 3 DURING 2008, THE COMPANY ENTERED INTO A MANAGEMENT AGREEMENT WITH CORNU MANAGEMENT COMPANY, INC. THE MANAGEMENT FEE IS EQUAL TO 5% OF GROSS COLLECTED REVENUE. THE AGREEMENT IS IN EFFECT ON A YEAR-TO-YEAR BASIS. DURING THE YEAR, THE ORGANIZATION ENGAGED THE SERVICES OF CLIFTONLARSONALLEN (CLA) TO FILL THE ROLL OF ITS TOP FINANCIAL EXECUTIVE AS THE ORGANIZATION SEARCHED FOR AN INDIVIDUAL TO PERMANENTLY FILL THIS ROLL. NONE OF THE INDIVIDUALS FROM CLA WHO FILLED THIS ROLL WERE KEY EMPLOYEES OF CLA, AS SUCH, THERE IS NO TOP FINANCIAL EXECUTIVE LISTED ON FORM 990, PART VII. FORM 990, PART VI, SECTION A, LINE 6 MADISON PARK DEVELOPMENT CORPORATION IS THE SOLE MEMBER OF LOWER ROXBURY COMMUNITY CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MADISON PARK DEVELOPMENT CORPORATION, A SOLE MEMBER, HAS THE POWER TO APPOINT THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED PRIOR TO ISSUANCE BY THE FINANCE COMMITTEE AND THE FULL BOARD IS PROVIDED A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: 1. HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; 2. HAS READ AND UNDERSTOOD THIS POLICY; 3. HAS AGREED TO COMPLY WITH POLICY AND 4. UNDERSTANDS THAT THE ORGANIZATION IS A NON-PROFIT AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPTED PURPOSES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CAPITAL CONTRIBUTION MPDC 7,468,223. FORM 990, PART XII,LINE 2 THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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