2021-10-28T14:54:44-05:00 2020-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2020-01-01 237164223 MADISON PARK DEVELOPMENT CORPORATION MADI 6175413900 184 DUDLEY STREET ROXBURY MA 02119 LESLIE REID EXECUTIVE DIRECTOR 6175413900 2021-10-26 1 LESLIE REID 999009999 LORI ROTHE YOKOBOSKY CPA P01273422 6176481400 2021-10-11 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z LESLIE REID 184 DUDLEY STREET ROXBURY MA 02119 9046088 0 X WWW.MADISON-PARK.ORG X 1970 MA SELF-SUFFICIENCY AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE-INCOME RESIDENTS AND ADVOCATING FOR HOMEOWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION. 11 11 34 50 0 0 2507369 2453728 6759146 2978439 1458958 1514518 260621 2099403 10986094 9046088 326596 430017 0 0 3439226 3593095 0 0 380127 3822937 6505769 7588759 10528881 3397335 -1482793 56716230 51356053 40671369 36707620 16044861 14648433 X MADISON PARK DEVELOPMENT CORPORATION'S OVERALL MISSION IS TO FOSTER THE SOCIAL, PHYSICAL, ECONOMIC AND CULTURAL RENAISSANCE OF THE ROXBURY COMMUNITY BY PROMOTING THE ECONOMIC SELF-SUFFICIENCY AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE INCOME RESIDENTS FOR HOME OWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION. 0 0 6769941 430017 4529874 REAL ESTATE - MPDC, THROUGH ITS REAL ESTATE PROGRAM, ACTS AS EITHER THE DEVELOPER OR CO-DEVELOPER ON PROPERTIES BENEFITTING LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. IN ADDITION, MPDC OPERATES RENTAL PROPERTIES BENEFITTING THE LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. THE REAL ESTATE PROGRAM ALSO INCLUDES THE COMPANY'S ASSET MANAGEMENT BUSINESS WHICH OVERSEES THE OPERATIONS OF ALL RESIDENTIAL AND COMMERCIAL RENTAL PROPERTIES, AS WELL AS ITS EARLY STAGE DEVELOPMENT ACTIVITIES. 692412 227125 HIBERNIAN HALL- THE HIBERNIAN HALL PROGRAM PROMOTES, PRODUCES AND PRESENTS PERFORMING ARTS PROGRAMS THAT CELEBRATE THE MULTI-CULTURAL HERITAGE OF ROXBURY. IN ADDITION, THE HALL IS RENTED FOR VARIOUS CELEBRATORY AND CULTURAL FUNCTIONS. 2670224 1224249 COMMUNITY ACTION- MPDC, THROUGH ITS COMMUNITY ORGANIZING ACTIVITIES, SEEKS TO PROMOTE AN ACTIVE AND HEALTHY ENVIRONMENT FOR LOCAL RESIDENTS THROUGH PROGRAMMING FOCUSED ON HEALTHY EQUITY AND WELLNESS, CIVIC ENGAGEMENT, YOUTH LEADERSHIP AND WORKFORCE DEVELOPMENT, RESIDENTIAL LEADERSHIP AND PUBLIC SAFETY INITIATIVES. 10132577 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 154 0 1 34 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 1 1 1 1 1 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 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 DIRECTOR 1.00 3.00 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 TREASURER 1.00 3.00 X X 0 0 0 SONRISA HAYNES DIRECTOR 1.00 3.00 X 0 0 0 KEVIN REILLY OUTGOING CFO 40.00 3.00 X 199585 0 28941 LESLIE A REID EXECUTIVE DIRECTOR 40.00 3.00 X 178968 0 24735 JUAN LEYTON DIRECTOR OF DUDLEY ST 40.00 0.00 X 100510 0 0 ROBERT PEZZINI VP OF REAL ESTATE 40.00 0.00 X 100630 0 2022 579693 0 55698 4 0 1 0 DELLBROOKJKS 859 WILLARD STREET QUINCY MA 02169 GENERAL CONTRACTOR 11675314 ESSEX BUILDERS CORP 45 DAN RD SUITE 300 CANTON MA 02021 GENERAL CONTRACTOR 2944446 2 28800 43366 2381562 2453728 DEVELOPMENT FEES 531390 2262390 2262390 RENTAL INCOME 531390 374607 374607 MANAGEMENT FEES 531310 311384 311384 PROGRAM FEES 531390 30058 30058 2978439 1514518 1514518 FORGIVENESS INCOME 900099 2051688 2051688 MISC INCOME 900099 47715 47715 2099403 9046088 5077842 0 1514518 430017 430017 477710 398544 39963 39203 2457695 2046331 207531 203833 24004 21107 528 2369 633686 531753 52517 49416 5624 5624 193211 192177 395 639 358255 346136 4631 7488 5382 5382 222835 214985 4244 3606 24931 22147 1217 1567 242817 229209 8293 5315 133124 115427 6860 10837 876105 841443 13245 21417 12771 11370 905 496 51712 49501 1084 1127 1140492 1138792 1700 140503 132233 4331 3939 23095 21190 728 1177 BAD DEBTS 4349213 4349213 FUNDRAISING EXPENSES 56443 32064 24379 EQUIPMENT RENTAL 27982 24291 1410 2281 DUES & SUBSCRIPTIONS 14275 12957 280 1038 -1373001 -1033934 -339067 10528881 10132577 16177 380127 1775983 1322572 9281097 8436060 33249245 25818767 1233762 566724 778394 667038 3268336 3466426 8363175 11645190 56716230 51356053 1287700 766060 81700 3800 26382982 20820503 12918987 15117257 40671369 36707620 X 15404121 14537155 640740 111278 16044861 14648433 56716230 51356053 -1482793 86365 0 X X 0 1 X 1 0 X 1723247 1316660 1400282 2419571 2453728 9313488 4914595 3569679 4792849 6759146 2978439 23014708 6637842 4886339 6193131 9178717 5432167 32328196 0 0 0 32328196 209981 1560338 1513685 1458958 1514518 6257480 209981 1560338 1513685 1458958 1514518 6257480 603059 247007 135147 260621 2099403 3345237 7450882 6693684 7841963 10898296 9046088 41930913 0.77100 0.83890 0.14920 0.12700 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 603. 2018 AMOUNT: $ 19,127. 2019 AMOUNT: $ 260,621. 2020 AMOUNT: $ 47,715. PARTNERSHIP DISTRIBUTION - 2016 AMOUNT: $ 603,059. 2017 AMOUNT: $ 246,404. 2018 AMOUNT: $ 116,020. FORGIVENESS INCOME - 2020 AMOUNT: $ 2,051,688. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 22219 22219 298554 120113 178441 766989 351711 415278 146000 94900 51100 667038 CONSTRUCTION IN PROGRESS 7054943 DUE FROM AFFILIATES 4561387 OTHER ASSETS 28860 11645190 DUE TO AFFILIATES 14289123 CONSTRUCTION PAYABLE 833 SECURITY DEPOSITS 37600 OTHER LIABILITIES 219701 PPP LOAN 570000 15117257 X PART IV, LINE 2B: MPDC ENTERED AN AGREEMENT WITH ORCHARD GARDEN RESIDENTS ASSOCIATION (OGRA) WHEREBY MPDC WILL ACT AS A CUSTODIAL AGENT AND ADMINISTER THE FUNDS OF OGRA. AFFILIATES OF MPDC JOINTLY OWN THE ORCHARD GARDENS AFFORDABLE HOUSING COMPLEX. THE LIABILITY IS REDUCED AS CASH IS USED FOR ITS EXPRESSED PURPOSE OR INCREASED IF NEW DEPOSITS ARE RECEIVED ON BEHALF OF THE ORCHARD GARDEN RESIDENTS ASSOCIATION. PART X, LINE 2: MPDC QUALIFIES AS AND ORGANIZATION FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE IRC AND THEREFORE IS NOT SUBJECT TO INCOME TAX AND IS NOT A PRIVATE FOUNDATION 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, 2020 AND 2019, 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. 1 SCHOLARSHIP 417 430017 PART I, LINE 2: A SCHOLARSHIP COMMITTEE DECIDES WHO WILL BE AWARDED THE SCHOLARSHIP AND A CHECK IS CUT DIRECTLY TO THE UNIVERSITY TO BE APPLIED AGAINST THE STUDENT'S TUITION. X X X 1 0 0 0 0 0 0 1 0 KEVIN REILLY OUTGOING CFO 158050 0 0 0 41535 0 0 0 28941 0 228526 0 0 0 LESLIE A REID EXECUTIVE DIRECTOR 177646 0 1322 0 0 0 5168 0 19567 0 203703 0 0 0 PART I, LINE 4A KEVIN REILLY - $41,535 PART I, LINE 7 INCLUDED IN PART II, COLUMN B(II) ARE AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUAL'S 2020 W-2, AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION B, LINE 10B ALL OF THE ENTITIES THAT MPDC DOES BUSINESS WITH HAVE NO STAFF OF THEIR OWN AND ARE FULLY MANAGED BY MPDC WHO ENSURE THAT LOCAL UNITS' ACTIVITIES ARE CONSISTENT WITH ITS OWN AND THEIR TAX EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED PRIOR TO ISSUANCE BY THE FINANCE COMMITTEE WHO THEN MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS TO APPROVE FOR 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 THE POLICY, AND 4. UNDERSTANDS THAT MPDC IS A NON-PROFIT AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPTED PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EMPLOYED A CONSULTANT TO PERFORM A COMPENSATION STUDY IN 2009 TO DETERMINE THE APPROPRIATENESS OF THE CEO'S OVERALL COMPENSATION. THE CEO USES THE SERVICES OF A HUMAN RESOURCES CONSULTANT WHO PERIODICALLY CHECKS THE APPROPRIATENESS OF COMPENSATION LEVELS COMPANY WIDE. 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 IX LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS. 2451 WASHINGTON LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 203909215 RENTAL REAL ESTATE MA -19433 64543 MPDC HAYNES HOUSE MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 454287355 REAL ESTATE MA 0 0 MPDC MADISON BARD LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 273060171 RENTAL REAL ESTATE MA 0 0 MPDC MADISON GATEWAY LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 463359675 RENTAL REAL ESTATE MA 0 0 MPDC MADISON PROPERTY DEVELOPMENT LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 270366179 RENTAL REAL ESTATE MA 0 0 MPDC MADISON SCHOOLHOUSE LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 261591413 RENTAL REAL ESTATE MA 0 0 MPDC MADISON TROPICAL LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 452804996 RENTAL REAL ESTATE MA 0 0 MPDC MADISON TROPICAL MARKETS LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 463342679 REAL ESTATE MA -287098 1 MPDC MADISON WASHINGTON II LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 208135439 REAL ESTATE MA 156893 101760 MPDC P10 DEVELOPMENT SERVICES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 364748875 RENTAL REAL ESTATE MA 0 0 MPDC LOWER ROXBURY COMMUNITY CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 237011408 RENTAL REAL ESTATE MA 501(C)(3) LINE 11 MPDC 1 MADISON PARK ECONOMIC DEVELOPMENT CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043126706 RENTAL REAL ESTATE MA 501(C)(3) LINE 11 MPDC 1 MADISON PARK HOUSING CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 042743779 RENTAL REAL ESTATE MA 501(C)(3) LINE 7 MPDC 1 ORCHARD GARDENS RESIDENT ASSOCIATION INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 042867846 RENTAL REAL ESTATE MA 501(C)(3) LINE 11 MPDC 1 ADAMS ORCHARD LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043428515 RENTAL REAL ESTATE MA N/A 0 0 BERYL GARDENS LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293229 RENTAL REAL ESTATE MA N/A 0 0 DUDLEY GREENVILLE LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 272754424 RENTAL REAL ESTATE MA N/A 0 0 HAYNES HOUSE II LP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043231123 RENTAL REAL ESTATE MA N/A 0 0 MADISON BOTOLPH II LP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 364796660 RENTAL REAL ESTATE MA N/A 0 0 MADISON PARK IV 2011 LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 453459053 RENTAL REAL ESTATE MA N/A 0 0 MADISON TRINITY LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043339768 RENTAL REAL ESTATE MA N/A 0 0 MPIII TOWNHOMES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 473681685 RENTAL REAL ESTATE MA N/A 0 0 RUGGLES SHAWMUT HOUSING LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 202182768 RENTAL REAL ESTATE MA N/A 0 0 SMITH SENIOR RESIDENCES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 320494148 RENTAL REAL ESTATE MA N/A 0 0 ADAMS ORCHARD INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043428514 RENTAL REAL ESTATE MA MPDC C 0.51000 1 BERYL GARDENS COOPERATIVE CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043296338 RENTAL REAL ESTATE MA N/A C 0 BERYL GARDENS INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293227 RENTAL REAL ESTATE MA N/A C 0 DUDLEY GREENVILLE MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 272754424 RENTAL REAL ESTATE MA MPDC C 7 44 1.00000 1 HAYNES II INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043220498 RENTAL REAL ESTATE MA N/A C 0 MADISON BOTOLPH GP INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 462310065 RENTAL REAL ESTATE MA N/A C 0 MADISON DAVENPORT INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043428521 RENTAL REAL ESTATE MA MPDC C -297067 20747 1.00000 1 MADISON PARK IV GP LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 453261293 RENTAL REAL ESTATE MA N/A C 0 MADISON RUGGLES SHAWMUT INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 651251191 RENTAL REAL ESTATE MA MPDC C 0.79000 1 MPIII TOWNHOMES MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 473661174 RENTAL REAL ESTATE MA N/A C 0 MTV INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043339765 RENTAL REAL ESTATE MA MPDC C 0.51000 1 SMITH SENIOR RESIDENCES MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 812393714 RENTAL REAL ESTATE MA N/A C 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 1 0 0 0 1 DEWITT CENTER D 177666 CASH