2019-10-10T10:14:55-05:00 2018-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2018-01-01 237164223 MADISON PARK DEVELOPMENT CORPORATION MADI 6175413900 184 DUDLEY STREET ROXBURY MA 02119 KEVIN J REILLY CFO 6175413900 2019-10-09 1 LORI ROTHE YOKOBOSKY CPA P01273422 6176481400 2019-10-09 209.59.242.22 2019-10-09 15:08:58 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 238159564A7F207AC3E2D33505B4833284B8AC6F 2018 2020-01-14 16:20:31Z JEANNE PINADO 184 DUDLEY STREET ROXBURY MA 02119 7841963 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 75 0 0 0 1316660 1400282 3569679 4792849 1560338 1513685 247007 135147 6693684 7841963 53871 395656 0 0 3487570 3747569 0 0 -1509 3308514 3493401 6849955 7636626 -156271 205337 67095575 68468894 54919269 57148909 12176306 11319985 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 5963714 359656 4557659 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. 391470 77492 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. 776092 292845 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. OTHER PROGRAM RESULTS. 7131276 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 193 0 1 75 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 JEANNE PINADO 6178496220 184 DUDLEY STREET ROXBURY MA 02119 AYANNA HINES DIRECTOR 1.00 3.00 X 0 0 0 DION IRISH 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 IVELISE RIVERA CHAIR 1.00 3.00 X X 0 0 0 LISA MORISHANTI VICE CHAIR 1.00 3.00 X X 0 0 0 MALIK AZIZ DIRECTOR 1.00 3.00 X 0 0 0 MATTHEW CAMP TREASURER 1.00 3.00 X X 0 0 0 NINA RUFF CLERK 1.00 3.00 X X 0 0 0 ROGER CARTER DIRECTOR 1.00 3.00 X 0 0 0 SONRISA HAYNES DIRECTOR 1.00 3.00 X 0 0 0 JEANNE M PINADO CEO/ASST TREASURER 40.00 3.00 X 215574 0 22103 KEVIN J REILLY CFO 40.00 3.00 X 164279 0 20732 ABRIGAL FORRESTER DIRECTOR - HIBERNIAN HALL 40.00 X 114788 0 20732 BRIAN PILCHER SENIOR ASSET MANAGER 40.00 X 136035 0 5541 RUSSELL TANNER VICE PRESIDENT OF REAL EST 40.00 X 205227 0 27062 835903 0 96170 5 0 1 0 THE HAYNES GROUP INC 385 WEST ST W BRIDGEWATER MA 02379 CONSTRUCTION SERVICES 543319 KLEIN HORNIG LLP 1275 K ST NW WASHINGTON DC 20005 LEGAL SERVICES 239883 HURST LANDSCAPE AND SITE SERVICES INC 24 IDAHO ST MATTAPAN MA 02126 LANDSCAPING SERVICES 160267 COHNREZNICK LLP ONE BOSTON PLACE STE 500 BOSTON MA 02108 ACCOUNTING SERVICES 115508 LUSCINSKAS BELINDA LOUIE 111 ALLERTON ROAD MILTON MA 02186 REAL ESTATE CONSULTANT 106560 7 32796 1367486 1400282 DEVELOPMENT FEES 531390 3590941 3590941 MANAGEMENT FEES 531310 477368 477368 RENTAL INCOME 531390 448385 448385 PROGRAM FEES 531390 276155 276155 4792849 1513685 1513685 CORPORATE DISTRIBUTIONS 900099 116020 116020 MISC INCOME 900099 19127 19127 135147 7841963 4927996 0 1513685 129910 129910 265746 265746 379853 317134 29979 32740 2602948 2173166 205434 224348 51038 43467 3453 4118 713730 580057 68010 65663 7500 7500 21671 21599 72 86091 75162 4983 5946 4932 4932 311938 306887 1287 3764 35737 32882 1314 1541 227038 214950 7824 4264 131511 111518 9116 10877 887915 846652 18815 22448 64013 48001 10607 5405 68346 61454 4591 2301 1283349 1283349 147235 139263 4545 3427 33375 32406 442 527 FUNDRASING EXPENSES 98305 98305 REPAIRS AND MAINTENANCE 65920 65920 EQUIPMENT RENTAL 27639 23851 1727 2061 DUES AND SUBSCRIPTIONS 20345 17537 1315 1493 -29459 234560 128413 -392432 7636626 7131276 506859 -1509 1908959 4060169 4532209 4799889 33850916 32718657 1576585 409210 854040 1167375 2113438 2091486 23836013 23631318 67095575 68468894 2044029 1573261 145000 2053598 11153 77490 41422996 40976330 11296091 12468230 54919269 57148909 X 10978304 10447387 163627 872598 1034375 0 12176306 11319985 67095575 68468894 X 205337 -87483 -974175 X X 0 1 X 1 0 X 2325046 1922057 1723247 1316660 1400282 8687292 2800909 3846548 4914595 3569679 4792849 19924580 5125955 5768605 6637842 4886339 6193131 28611872 0 0 0 28611872 202841 202320 209981 1560338 1513685 3689165 202841 202320 209981 1560338 1513685 3689165 199317 84000 603059 247007 135147 1268530 5528113 6054925 7450882 6693684 7841963 33569567 0.85230 0.87890 0.10990 0.07480 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2017 AMOUNT: $ 603. 2018 AMOUNT: $ 19,127. PATERNSHIP DISTRIBUTION - 2014 AMOUNT: $ 199,317. 2015 AMOUNT: $ 84,000. 2016 AMOUNT: $ 603,059. 2017 AMOUNT: $ 246,404. 2018 AMOUNT: $ 116,020. 0 1 X 22219 22219 181280 3080 178200 219555 80300 139255 1153531 325830 827701 1167375 CONSTRUCTION IN PROGRESS 19580226 DUE FROM AFFILIATES 3964452 OTHER ASSETS 86640 23631318 DUE TO AFFILIATES 7799291 CONSTRUCTION PAYABLE 2900088 SECURITY DEPOSITS 42100 LEASE PAYABLE 1726751 12468230 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, 2018 AND 2017, 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 MASIDON PARK HOUSING CORP 184 DUDLEY ST ROXBURY MA 02119 042743779 501(C)(3) 129910 GENERAL SUPPORT OF ORGANIZAITON'S MISSION 1 SCHOLARSHIP 417 265746 PART I, LINE 2: A SCHOLARSHIP COMMITTEE DECIDES WHO WILL BE AWARDED THE SCHOLARSHIP AND A CHECK IS CUT DIRECTLY TO THE UNIVERSITY. ABOUT $2,000 OF THIS AMOUNT IS AWARDED TO THE STUDENTS FOR BOOKS, THE REST IS TUITION. X X X 0 0 0 0 0 0 0 1 0 JEANNE M PINADO CEO/ASST TREASURER 185574 0 30000 0 0 0 8853 0 13250 0 237677 0 0 0 KEVIN J REILLY CFO 148779 0 15500 0 0 0 0 0 20732 0 185011 0 0 0 RUSSELL TANNER VICE PRESIDENT OF REAL EST 186227 0 19000 0 0 0 6330 0 20732 0 232289 0 0 0 PART I, LINE 7 INCLUDED IN PART II, COLUMN B(II) ARE AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUAL'S 2018 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 XI, LINE 9: TRANSFER OF NET ASSETS -974,175. FORM 990, PART XII, 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 1832 341337 MPDC HAYNES HOUSE MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 454287355 REAL ESTATE MA 0 0 MPDC LRCC HOLDINGS LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 474344198 RENTAL REAL ESTATE MA 0 0 MPDC LRCC LEASING LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 812037456 REAL ESTATE MA -103877 -140560 MPDC LRCC MAINTENANCE 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 814093166 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 HIBERNIAN HALL LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 461172886 COMMUNITY CENTER MA -33758 455421 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 46055 414901 MPDC MADISON WASHINGTON II LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 208135439 REAL ESTATE MA 124735 199359 MPDC P10 DEVELOPMENT SERVICES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 364748875 RENTAL REAL ESTATE MA 0 75099 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 BERYL GARDENS LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293229 RENTAL REAL ESTATE MA N/A DUDLEY GREENVILLE LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 272754424 RENTAL REAL ESTATE MA N/A HAYNES HOUSE II LP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043231123 RENTAL REAL ESTATE MA N/A MADISON BOTOLPH II LP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 364796660 RENTAL REAL ESTATE MA N/A MADISON PARK IV 2011 LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 453459053 RENTAL REAL ESTATE MA N/A MADISON TRINITY LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043339768 RENTAL REAL ESTATE MA N/A MPIII TOWNHOMES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 473681685 RENTAL REAL ESTATE MA N/A RUGGLES SHAWMUT HOUSING LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 202182768 RENTAL REAL ESTATE MA N/A SMITH SENIOR RESIDENCES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 320494148 RENTAL REAL ESTATE MA N/A 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 1.00000 1 HAYNES II INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043220498 RENTAL REAL ESTATE MA N/A C 0 LOWER ROXBURY MANAGEMENT CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 042628306 RENTAL REAL ESTATE MA MPDC C 1.00000 1 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 55926 170640 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 11 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 2 51 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 0 HAYNES HOUSE II LP D 50961 FMV MADISON PARK IV 2011 LIMITED PARTNERSHIP N 21983750 FMV MADISON PARK IV 2011 LIMITED PARTNERSHIP N 549594 FMV MADISON PARK IV 2011 LIMITED PARTNERSHIP D 98977 FMV MPIII TOWNHOMES LLC L 2004999 FMV SMITH SENIOR RESIDENCES LLC D 305196 FMV SMITH SENIOR RESIDENCES LLC L 1360000 FMV BERYL GARDENS LIMITED PARTNERSHIP D 184050 FMV