2016-10-07T07:55:00-05:00 2015-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2015-01-01 237164223 MADISON PARK DEVELOPMENT CORPORATION MADI 6175413900 184 DUDLEY STREET ROXBURY MA 02119 Gayle Harrold ASSISTANT TREASURER 6175413900 2016-10-04 1 LEONARD J BERKOWITZ P00872822 6176481400 2015 2017-02-10 21:41:12Z JEANNE PINADO 184 Dudley Street Roxbury MA 02119 6054925 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. 12 11 0 0 0 0 2325047 1922057 3003750 4012112 34600 36756 164717 84000 5528114 6054925 850000 534394 0 0 2545121 3103800 0 0 275298 1795569 2745310 5190690 6383504 337424 -328579 46719668 52806918 36310513 42747900 10409155 10059018 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 2747692 2934982 real estate - mpdc, through its real estate program, acts aseither the developer or co-developer on properties benefittinglow-income residents in the roxbury, massachusetts community. inaddition, mpdc operates rental properties benefitting thelow-income residents in the roxbury, massachusetts community. thereal estate program also includes the company's asset managementbusiness which oversees the operations of all residential andcommercial rental properties, as well as its early stagedevelopment activities. 665424 405040 hibernian hall- the hibernian hall program promotes, produces andpresents performing arts programs that celebrate themulti-cultural heritage of roxbury. in addition, the hall isrented for various celebratory and cultural functions. 1069797 754755 community action- mpdc, through its community organizingactivities, 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. 1104982 1335 Other Program Results 1104982 1335 5587895 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 169 0 0 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 1 0 0 0 0 1 1 0 1 0 1 1 1 1 1 1 1 1 1 1 MA X GAYLE HARROLD 6178496224 184 DUDLEY STREET ROXBURY MA 02119 JEANNE PINADO ceo/assistant treasurer 40.00 3.00 X X 195400 0 25317 elmer freeman president 1.00 3.00 X X 0 0 0 malik aziz treasurer 1.00 3.00 X X 0 0 0 ivelise rivera clerk/secretary 1.00 3.00 X X 0 0 0 daryl richardson director 1.00 3.00 X 0 0 0 dion irish director 1.00 3.00 X 0 0 0 marion cunningham vice president/ director 1.00 3.00 X 0 0 0 matthew camp Director 1.00 3.00 X 0 0 0 jason boltz director 1.00 3.00 X 0 0 0 david hinton director 1.00 3.00 X 0 0 0 linda sprague martinez director 1.00 3.00 X 0 0 0 Lisa Morishanti director/ secretary 1.00 3.00 X 0 0 0 Sonrisa Haynes director 1.00 3.00 X 0 0 0 Michael Bustin department head of arts & culture 1.00 40.00 X 103192 0 15820 ayanna hines director 1.00 3.00 X 0 0 0 nina ruff director 1.00 3.00 X 0 0 0 BROOKE E WOODSON assistant secretary 1.00 3.00 X 119400 0 19450 GAYLE HARROLD cfo/assistant treasurer 30.00 3.00 X 136470 0 27161 russell tanner Director of RE/Asst. Treas 40.00 1.00 X 188289 0 22874 742751 0 110622 5 1 1 0 LD Russo Inc 200 ayer road harvard MA 01451 ConstruCTION 1236267 WES CONSTRUCTION CORP 650 INDUSTRIAL DRIVE HALIFAX MA 02338 CONSTRUCTION 1024795 Landmark Structures Corporation 282 montvale ave woburn MA 01801 ConSTRUCTION 502125 Elton & Hampton Architects 103 terrace street boston MA 02120 Architectural/Engineering 177122 DHK Architects Inc 54 canal street 200 boston MA 02114 Architectural/Engineering 161057 5 1922057 1922057 DEVELOPMENT FEES 531390 2392743 2392743 RENTAL INCOME 531390 805009 805009 MANAGEMENT FEES 531310 512885 512885 INTEREST INCOME ON OPE 900099 165564 165564 PROGRAM FEES 531390 123475 123475 12436 12436 4012112 36756 36756 PARTNERSHIP DISTRIBUTI 900099 84000 84000 84000 6054925 4096112 0 36756 511894 511894 22500 22500 220717 177614 26177 16926 2228859 1793590 264341 170928 654224 514413 87336 52475 7500 7500 31733 18376 13357 40578 33104 4498 2976 212772 159213 39992 13567 1081705 1042119 25498 14088 62374 43074 18363 937 52791 52791 114010 114010 10065 7163 2218 684 real estate development 617226 617226 PROGRAM SUPPLIES 375412 360839 11856 2717 CONSULTANTS 107607 83360 24247 OPERATING AND MAINTENAN 31537 29109 2428 6383504 5587895 520311 275298 2331385 3568242 612798 1222744 35037578 36298012 9858 8469 927860 230483 486955 697377 1147979 2192238 39819 17380 7053296 8802456 46719668 52806918 541890 222788 33238357 33513469 2530266 9011643 36310513 42747900 X 8461251 8256613 228227 205727 1719677 1596677 10409155 10059018 46719668 52806918 -328579 -21558 0 X 0 1 X 1 1 1 X 2284229 1571881 2986816 2325046 1922057 11090029 1396604 4841546 1728765 2849674 3930548 14747137 3680833 6413427 4715581 5174720 5852605 25837166 0 0 0 25837166 5242 5023 133332 154070 165564 463231 5242 5023 133332 154070 165564 463231 263025 1830059 2093084 3949100 8248509 4848913 5328790 6018169 28393481 0.91000 0.90360 0.01630 0.01210 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 22219 22219 380759 125496 255263 524882 104987 419895 697377 CONSTRUCTION IN PROGRESS 7656900 DUE FROM AFFILIATES 1099364 Other Assets 46192 8802456 DUE TO AFFILIATES 7569115 ACCRUED EXPENSES 376737 construction payable 238829 Other liabilities 80706 Lease Payable 746256 9011643 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 and certain subsidiaries; 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, 2015 and 2014, there was no unrelated business income. X 0 Sparks for the Arts 184 Dudley Street Roxbury MA 02119 Annual Fundraising Event 1 69750 0 16955 69750 16955 0 scholarship 11 22500 SCHEDULE I, 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 X 0 0 0 0 0 0 0 0 0 JEANNE PINADO ceo/assistant treasurer 169800 0 25600 0 0 0 0 0 25317 0 220717 0 0 0 GAYLE HARROLD cfo/assistant treasurer 124970 0 11500 0 0 0 0 0 27161 0 163631 0 0 0 russell tanner Director of RE/Asst. Treas 171789 0 16500 0 0 0 0 0 22874 0 211163 0 0 0 Form 990, Part VI, Section A, line 4 Amended its bylaws. 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 11 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. 2451 Washington LLC 184 Dudley Street Suite 102 Roxbury MA 02119 203909215 Rental Real Estate MA -8560 355588 MPDC Madison Schoolhouse LLC 184 Dudley Street Suite 102 Roxbury MA 02119 261591413 Rental Real Estate MA 0 0 MPDC Madison Property Development LLC 184 Dudley Street Suite 102 Roxbury MA 02119 270366179 Rental Real Estate MA -218945 -218945 MPDC P10 Development Services LLC 184 Dudley Street Suite 102 Roxbury MA 02119 364748875 Rental Real Estate MA 52927 280079 MPDC Madison Tropical LLC 184 Dudley Street Suite 102 Roxbury MA 02119 452804996 Rental 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 Williams LLC 184 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Line 7 MPDC 1 Lower Roxbury Community Corporation 184 Dudley Street Suite 102 roxbury MA 02119 237011408 REntal Real Estate MA 501(c)(3) Line 9 MPDC 1 School House Kenilworth Williams 536 Granite Street Braintree MA 02184 261599834 Rental Real Estate MA MPDC Related -196464 4690439 0 0 0.00010 School House Brookledge Cummins LP 536 Granite Street Braintree MA 02184 261599765 Rental Real Estate MA MPDC Related 67588 4641400 0 0 0.00010 Interfaith Housing Developers LLC 184 Dudley Street Suite 102 Roxbury MA 02119 161644819 Rental Real Estate MA MpDC Related 193304 5103018 0 0 0.00010 Madison Trinity Limited Partnership 184 Dudley Street Suite 102 Roxbury MA 02119 043339768 Rental Real Estate MA MPDC Related -2468734 -20444373 0 0 1.00000 Madison Park III Associates LP 184 Dudley Street Suite 102 Roxbury MA 02119 042626724 Rental Real Estate MA MPDC Related 539994 1192748 0 0 0.00050 Haynes House II LP 184 Dudley Street Suite 102 Roxbury MA 02119 043231123 Rental Real Estate MA MPDC Related -165201 -1336890 0 0 1.00000 Beryl Gardens Limited Partnership 184 Dudley Street Suite 102 Roxbury MA 02119 043293229 Rental Real Estate MA MPDC Related -131025 -1111100 0 0 0.01000 Smith House II Limited Partnership 184 Dudley Street Suite 102 Roxbury MA 02119 043293225 REntal Real Estate MA MPDC Related 443209 2396515 0 0 1.00000 Ruggles Shawmut Housing LLC 184 Dudley Street Suite 102 Roxbury MA 02119 202182768 Rental Real Estate MA MPDC Related 144876 7239225 0 0 0.00010 Adams Orchard Limited Partnership 184 Dudley Street Suite 102 Roxbury MA 02119 043428515 Rental Real Estate MA MPDC Related -1160061 -2898182 0 0 0.51000 Madison Park IV 2011 Limited Partnership 184 Dudley Street Suite 102 Roxbury MA 02119 453459053 REntal Real Estate MA MPDC Related 22155 13651092 0 0 0.00010 Madison Botolph II LP 184 Dudley Street Suite 102 Roxbury MA 02119 364796660 Rental Real Estate MA MPDC Related -165504 -436126 0 0 1.00000 Dudley Greenville LLC 184 Dudley Street Suite 102 Roxbury MA 02119 272754424 Rental Real Estate MA MPDC Related -257750 6423694 0 0 1.00000 MPIII Townhomes LLC 184 Dudley Street Suite 102 Roxbury MA 02119 473681685 Rental Real Estate MA mpDC Related 48309 -4877683 0 0 MADISON PARK IV GP LLC 184 Dudley Street Suite 102 Roxbury MA 02119 453261293 Rental Real Estate MA LRCC C -587 -3278 0.79000 1 Madison Botolph GP Inc 184 Dudley Street Suite 102 Roxbury MA 02119 462310065 Rental Real Estate MA LRCC C -47 -45 1.00000 1 Interfaith Housing Developers INc 184 Dudley Street Suite 102 Roxbury MA 02119 161644815 Rental Real Estate MA MPDC C 234634 60324 0.50000 1 Adams Orchard Inc 184 Dudley Street Suite 102 Roxbury MA 02119 043428514 Rental Real Estate MA MPDC C -48 -8866 0.51000 1 MTV Inc 184 Dudley Street Suite 102 Roxbury MA 02119 043339765 REntal Real Estate MA MPDC C -22166 -414819 0.50000 1 School House B C Madison & EAF LLC 536 Granite Street Braintree MA 02184 261599595 Rental Real Estate MA MPDC C -5210 0.00010 0 School House K W Madison Park & EAF LLC 536 Granite Street Braintree MA 02184 261599663 Rental Real Estate MA MPDC C -837 0.00010 0 Lower Roxbury Management Corporation 184 Dudley Street Suite 102 Roxbury MA 02119 042628306 Rental Real Estate MA MPDC C 18725 82547 1.00000 1 Haynes II Inc 184 Dudley Street Suite 102 Roxbury MA 02119 043220498 Rental Real Estate MA LRCC C 30682 1.00000 1 Beryl Gardens Inc 184 Dudley Street Suite 102 Roxbury MA 02119 043293227 Rental Real Estate MA LRCC C -194050 -15720 1.00000 0 Smith II Inc 184 Dudley Street Suite 102 Roxbury MA 02119 043293223 Rental Real Estate MA LRCC C -2169 1.00000 1 Madison Davenport Inc 184 Dudley Street Suite 102 Roxbury MA 02119 043428521 Rental Real Estate MA MPDC C -7069 -169267 1.00000 1 Madison Ruggles Shawmut Inc 184 Dudley Street Suite 102 Roxbury MA 02119 651251191 Rental Real Estate MA MPDC C 7 -335 0.79000 1 Beryl Gardens Cooperative Corporation 184 Dudley Street Suite 102 Roxbury MA 02119 043296338 Rental Real Estate MA LRCC C -14728 1.00000 1 Dudley Greenville MM LLC 184 Dudley Street Suite 102 Roxbury MA 02119 272754424 Rental Real Estate MA Madison Park C 1.00000 0 MPIII Townhomes MM LLC 184 Dudley Street Suite 102 roxbury MA 02119 473661174 rental Real Estate MA madison Park C 2 2 1.00000 0 1 0 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 Madison Washington II A 60000 Cost Madison Washington II D 245124 Cost Dudley Greenville LLC L 655674 Cost MP III Townhomes LLC D 1002500 Cost MP III Townhomes LLC L 100000 Cost MP III Associates LP C 8342541 cost MP III Associates LP A 19637 cost MP III Associates LP D 490510 cost Madison Hibernian Hall LLC A 226914 cost Madison Hibernian Hall LLC D 300000 cost Madison Botoloph LP C 316347 cost Madison Botoloph LP L 427500 cost smith house ii lp M 90000 cost smith house ii lp C 1050000 cost interfaith housing developers llc M 158057 cost school house brookledge cummins lp M 139701 cost