2015-04-03T15:33:50-05:00 2014-12-31 042571780 ALEXANDER ARONSON FINNING & CO PC 21 EAST MAIN STREET WESTBORO MA 01581 990 2014-01-01 201727883 NEW GARDEN PARK INC NEWG 5087555734 89 SHREWSBURY STREET NO 300 WORCESTER MA 01604 CRAIG L BLAIS PRESIDENT AND CEO PRESIDENT AND CEO 5087555734 2015-03-25 1 SORIE KABA CPA P01317106 5083669100 2015-03-25 2014 2016-02-25 16:41:14Z CRAIG BLAIS 89 SHREWSBURY STREET WORCESTER MA 01604 3513916 0 X N/A X 2004 MA TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE AND PARKING FACILITIES IN A DISTRESSED AREA. 7 6 0 0 0 0 450000 1228379 0 1682440 49262 0 84817 603097 584079 3513916 0 0 0 0 0 0 0 0 0 712457 1431081 712457 1431081 -128378 2082835 7465060 24880957 7525981 22859043 -60921 2021914 X TO CARRY OUT AND OPERATE FOR THE BENEFIT OF THE CHARITABLE PURPOSES OF THE WORCESTER BUSINESS DEVELOPMENT CORPORATION (WBDC) AND LESSENING THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIFING INFRASTRUCTURE IN DISTRESSED AREAS THROUGH THE ACQUISITION, HOLDING, OWNING, MAINTENANCE, IMPROVEMENT, LEASE, FINANCE, REFINANCE, SELLING, EXCHANGE, OR OTHER DISPOSITION OF ALL OR PART OF ITS PROPERTIES. 0 0 1404305 2252487 TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE AND PARKING FACILITIES IN A DISTRESSED AREA. 1404305 1 1 0 0 0 0 0 0 0 0 0 0 0 0 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 0 1 1 0 0 0 1 12 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X X JOYCE STEWART DIRECTOR OF FINANCE & LENDING 5087555734 89 SHREWSBURY STREET WORCESTER MA 01604 CRAIG L BLAIS PRESIDENT AND CEO 20.00 20.00 X X 0 207609 34808 ANDREW B O'DONNELL CHAIR 1.00 1.00 X X 0 0 0 LOUIS CIAVARRA VICE CHAIR 1.00 X X 0 0 0 TROY SIEBELS TREASURER 1.00 X X 0 0 0 JEFFREY SWANBERG CLERK 1.00 X X 0 0 0 JOHN CREEDON JR DIRECTOR 1.00 X 0 0 0 DIX F DAVIS DIRECTOR 1.00 X 0 0 0 JOYCE A STEWART DIRECTOR OF FINANCE, LENDI 20.00 20.00 X 0 101765 19480 ROBERTA L BRIEN VICE PRESIDENT OF PROJECTS 20.00 20.00 X 0 120962 24707 WILLIAM M CARKIN DIRECTOR OF CONSTRUCTION A 20.00 20.00 X 0 99492 20196 0 529828 99191 0 0 1 0 CONSIGLI CONSTRUCTION COMPANY 72 SUMNER STREET MILFORD MA 01757 GENERAL CONTRACTOR 673775 F & D TRUCK COMPANY INC 14 MCCRACKEN ROAD MILLBURY MA 01527 DEMOLITION & REMOVAL 460123 FEDERAL ENVIRONMENTAL SAFETY 14 MCCRACKEN ROAD MILLBURY MA 01527 ENVIRONMENTAL CLEAN-UP & REMOVAL 159900 GORMAN RICHARDSON LEWIS ARCHITECTS INC 77 MAIN STREET 3 HOPKINTON MA 01748 ARCHITECTS 123702 4 698379 530000 1228379 DEVELOPER FEE 531390 930000 930000 NOTE RECEIVABLE INTERE 900099 752440 752440 1682440 33050 0 33050 33050 33050 FORGIVENESS OF DEBT 900099 556567 556567 REBATES 531390 96651 96651 MISCELLANEOUS 531390 42233 42233 -125404 -125404 570047 3513916 2252487 0 33050 X 9682 6632 3050 16250 11131 5119 627330 627330 10813 7462 3351 735846 735846 6668 3404 3264 MISCELLANEOUS 24492 12500 11992 1431081 1404305 26776 0 8713 455037 4163 4165 500000 47660 772783 21848009 249 780970 7404524 519744 7465060 24880957 922370 221255 2128027 17905000 4475584 4732788 7525981 22859043 X -60921 1756914 265000 -60921 2021914 7465060 24880957 2082835 0 X X 0 1 X 1 1 1 X X X 1 WORCESTER BUSINESS DEVELOPMENT CORPORATION 042381829 501(C)(4) 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE TO AFFILIATE 1432788 NOTE PAYABLE TO WBDC 3300000 4732788 X PART X, LINE 2: NEW GARDEN PARK, INC. (NGP) FOLLOWS THE STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES NGP TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST ITS COMBINING FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF DECEMBER 31, 2014, NGP DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE NGP FILES TAX AND INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS. 0 0 0 0 0 0 0 0 0 CRAIG L BLAIS PRESIDENT AND CEO 0 194404 0 0 0 13205 0 16126 0 18682 0 242417 0 0 FORM 990, PART VI, SECTION B, LINE 11 ALL INDIVIDUALS ON THE ORGANIZATIONS BOARD OF DIRECTORS REVIEW AND FOLLOW UP ON ALL CHANGES. FORM 990, PART VI, SECTION B, LINE 12C EVERY MEMBER OF THE BOARD OF DIRECTORS SIGNS A WRITTEN CONFLICT OF INTEREST POLICY EVERY YEAR. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G PROPERTY DEVELOPMENT AND MANAGEMENT: PROGRAM SERVICE EXPENSES 627,330. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 627,330. FORM 990, PART XII, LINE 2C: THE ORGANIZATIONS AUDIT AND FINANCE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS COMBINING FINANCIAL STATEMENTS AND SELECTING AN INDEPENDENT ACCOUNTANT. ELECTION UNDER IRC SECTION 168(H)(6)(F)(II): 20 FRANKLIN QALICB CORPORATION (THE CORPORATION) EIN # 80-0957186 89 SHREWSBURY STREET, SUITE 300 WORCESTER, MA 01604 THE CORPORATION, A TAX EXEMPT CONTROLLED ENTITY, HEREBY ELECTS UNDER SECTION 168 (H)(6)(F)(II) TO NOT BE TREATED AS A TAX EXEMPT ENTITY UNDER PARAGRAPHS 5 AND 6 OF SECTION 168(H). NEW GARDEN PARK, INC. (EIN #20-1727883) IS A TAX EXEMPT ENTITY THAT HOLDS 100% OF THE STOCKHOLDER INTEREST IN THE CORPORATION. THIS ELECTION APPLIES TO ALL OF THE CORPORATION'S PROPERTY, AND APPLIES TO THE CORPORATION'S TAXABLE YEAR THAT THE PROPERTY IS PLACED IN SERVICE AND ALL SUBSEQUENT YEARS. WORCESTER BUSINESS DEVELOPMENT CORPORATION 89 SHREWSBURY STREET WORCESTER MA 01604 042381829 DEVELOP INFRASTRUCTURE AND PARKING TO FACILITATE LAND DEVELOPMENT MA 501(C)(4) N/A 0 20 FRANKLIN MASTER TENANT LLC 89 SHREWSBURY STREET SUITE 300 WORCESTER MA 01604 464185619 REAL ESTATE RENTAL MA WBDC RELATED 0 0 20 FRANKLIN QALICB CORPORATION 89 SHREWSBURY STREET SUITE 300 WORCESTER MA 01604 800957186 REAL ESTATE RENTAL MA NEW GARDEN PARK INC C 1.00000 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 1 0 0 0 0 WORCESTER BUSINESS DEVELOPMENT CORPORATION E 3485683 LOAN AGREEMENT WORCESTER BUSINESS DEVELOPMENT CORPORATION M 571459 SERVICE AGREEMENT WORCESTER BUSINESS DEVELOPMENT CORPORATION E 1241165 COST INCURRED / SERVICE AGREEMENT