2015-11-16T15:26:25-06:00 2014-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2014-01-01 237164223 MADISON PARK DEVELOPMENT CORPORATION MADI 6175413900 184 DUDLEY STREET ROXBURY MA 02119 GAYLE HARROLD ASSISTANT TREASURER 6175413900 2015-08-15 1 LEONARD J BERKOWITZ P00872822 6176481400 2014 2016-02-25 16:41:14Z JEANNE PINADO 184 DUDLEY STREET ROXBURY MA 02119 5528114 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 12 0 0 0 0 2986816 2325047 1862097 3003750 0 0 294934 199317 5143847 5528114 24000 25000 0 0 2143003 2545121 0 0 215093 1282053 2620569 3449056 5190690 1694791 337424 43417362 46719668 33345631 36310513 10071731 10409155 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 1478498 2641414 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. 642222 407521 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. 742102 465139 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. 1466180 131007 OTHER PROGRAM RESULTS 1466180 131007 4329002 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 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 90 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 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 190400 0 20515 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 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 MORIS DIRECTOR 1.00 3.00 X 0 0 0 SONRISA HAYNES DIRECTOR 1.00 3.00 X 0 0 0 BROOKE E WOODSON ASSISTANT SECRETARY 1.00 3.00 X 114531 0 14181 GAYLE HARROLD CFO/ASSISTANT TREASURER 30.00 3.00 X 126564 0 24266 YUN-JU CHOI ASST CLERK/ASST SECRETARY 40.00 3.00 X 48390 0 3706 RUSSELL TANNER DIRECTOR OF RE/ASST. TREAS 40.00 X 178615 0 19390 ANDREW KERIVAN DIRECTOR OF ASSET MANAGEME 40.00 X 119077 0 11295 777577 0 93353 5 1 1 0 WES CONSTRUCTION CORP 650 INDUSTRIAL DRIVE HALIFAX MA 02338 CONSTRUCTION 1212875 GOLDMAN ENVIRONMENTAL CONSULTANTS INC 60 BROOKS DRIVE BRAINTREE MA 02184 ENVIRONMENTAL CONSULTING 361884 2 1561478 763569 2325047 DEVELOPMENT FEES 531390 1801031 1801031 MANAGEMENT FEES 531310 391549 391549 RENTAL INCOME 531390 288526 288526 SPONSORSHIPS, MEMBERSH 531390 232340 232340 INTEREST INCOME ON OPE 900099 202841 202841 87463 87463 3003750 PARTNERSHIP DISTRIBUTI 900099 199317 199317 199317 5528114 3203067 0 0 25000 25000 210915 158195 37428 15292 1812264 1359272 321599 131393 521942 384868 95953 41121 8125 8125 36423 24694 11729 35840 24939 9535 1366 161053 95814 55472 9767 340261 279527 49925 10809 49667 32783 13123 3761 259706 259706 82522 82522 28169 22928 4557 684 GRANTS FOR RE DEVELOPME 825809 825809 PROGRAM SUPPLIES 336959 318469 17590 900 MISCELLANEOUS 253622 253622 CONSULTANTS 97532 73089 24443 104881 99640 5241 5190690 4329002 646595 215093 2145526 2331385 1124439 612798 35358494 35037578 37304 9858 953590 466635 261932 486955 1100150 1147979 7574 39819 3381943 7053296 43417362 46719668 180529 541890 30000 18138 30597469 33238357 2519495 2530266 33345631 36310513 X 7756908 8461251 250227 228227 2064596 1719677 10071731 10409155 43417362 46719668 337424 0 X 0 1 X 1 1 1 X 1331372 2284229 1571881 2986816 2325046 10499344 1188322 1396604 4841546 1728765 2849674 12004911 2519694 3680833 6413427 4715581 5174720 22504255 0 0 0 22504255 3556 5242 5023 133332 154070 301223 3556 5242 5023 133332 154070 301223 6154 263025 1830059 2099238 2529404 3949100 8248509 4848913 5328790 24904716 0.90360 0.88790 0.01210 0.00690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 22219 22219 272397 78097 194300 658974 388538 270436 486955 CONSTRUCTION IN PROGRESS 6162799 DUE FROM AFFILIATES 838474 DEPOSITS 50000 DUE FROM AFFILIATES 2023 7053296 DUE TO AFFILIATES 2063260 ACCRUED EXPENSES 74673 CONSTRUCTION PAYABLE 392333 2530266 X 0 -1222 -1222 1222 0 1222 0 0 0 0 0 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, 2014 AND 2013, THERE WAS NO UNRELATED BUSINESS INCOME. X 0 SPARKS FOR THE ARTS 184 DUDLEY STREET ROXBURY MA 02119 ANNUAL FUNDRAISING EVENT 1 60500 0 10126 60500 10126 0 SCHOLARSHIP 14 22000 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 164800 0 25600 0 0 0 0 0 20515 0 210915 0 0 0 GAYLE HARROLD CFO/ASSISTANT TREASURER 118364 0 8200 0 0 0 0 0 24266 0 150830 0 0 0 RUSSELL TANNER DIRECTOR OF RE/ASST. TREAS 162615 0 16000 0 0 0 0 0 19390 0 198005 0 0 0 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. 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