2020-08-24T13:26:25-05:00 2019-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2019-01-01 237011408 LOWER ROXBURY COMMUNITY CORPORATION LOWE 6175413900 184 DUDLEY STREET ROXBURY MA 02119 KEVIN J REILLY CFO 6175413900 2020-08-14 1 LORI ROTHE YOKOBOSKY CPA P01273422 6176481400 2020-08-12 209.59.242.37 2020-08-14 14:46:55 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 3A16AF227DFFBEB6A54D665AEE301AB9EC7A606C 2019 2020-11-19 02:30:22Z JEANNE PINADO 184 DUDLEY STREET ROXBURY MA 02119 5244589 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. 11 11 0 0 0 0 0 0 1557780 4862376 165408 375509 5270 6704 1728458 5244589 0 0 0 0 0 0 0 0 0 1527345 1450006 1527345 1450006 201113 3794583 25591710 31508096 12749307 14663124 12842403 16844972 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 1395831 4869080 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. 1395831 1 0 0 0 0 0 0 0 0 0 1 0 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X JEANNE PINADO 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 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 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 JEANNE M PINADO CEO/ASST TREASURER 1.00 42.00 X 0 221169 15545 KEVIN J REILLY CFO 1.00 42.00 X 0 169246 24542 0 390415 40087 0 0 1 0 0 PARTNERSHIP INCOME 531110 3353113 3353113 RENTAL INCOME 531110 1508430 1508430 MANAGEMENT FEE REVENUE 531110 833 833 4862376 375509 375509 MISCELLANEOUS INCOME 900099 6704 6704 6704 5244589 4869080 0 375509 93410 93410 20608 20608 54156 54156 3600 3600 11074 11055 19 365759 365759 319554 319554 412817 412817 28233 28233 REPAIRS & MAINTENANCE 140795 140795 1450006 1395831 54175 0 1169347 1075641 191726 236668 2760048 7752063 11236787 2825249 8524838 8411538 3842107 4188647 445134 319913 198650 161782 8459860 9361844 25591710 31508096 80966 62491 7954403 9941273 4713938 4659360 12749307 14663124 X 12842403 16844972 12842403 16844972 25591710 31508096 3794583 207986 0 X X 0 1 X 1 0 X 10889829 10879340 4434688 1557780 1509263 29270900 10889829 10879340 4434688 1557780 1509263 29270900 0 0 0 29270900 48389 84621 142263 165408 375509 816190 48389 84621 142263 165408 375509 816190 1287825 1330 5270 3359817 4654242 10938218 12251786 4578281 1728458 5244589 34741332 0.84250 0.94320 0.02350 0.01540 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: DEBT FORGIVENESS - 2016 AMOUNT: $ 1,287,825. 2017 AMOUNT: $ 1,330. 2018 AMOUNT: $ 5,270. 2019 AMOUNT: $ 6,704. PARTNERSHIP CAPITAL DISTRIBUTIONS - 2019 AMOUNT: $ 3,353,113. 1228952 1228952 9802934 2636793 7166141 204901 188456 16445 8411538 DUE FROM AFFILIATES 9109720 OTHER ASSETS 45992 CONSTRUCTION IN PROCESS 206132 9361844 DUE TO AFFILIATED ENTITIES 4581548 OTHER CURRENT LIABILITIES 77812 4659360 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, 2019 AND 2018, 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 JEANNE M PINADO CEO/ASST TREASURER 0 221169 0 0 0 0 0 0 0 15545 0 236714 0 0 KEVIN J REILLY CFO 0 169246 0 0 0 0 0 0 0 24542 0 193788 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. 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 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 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 XII,LINE 2 THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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