2014-11-14T14:10:51-06:00 2013-12-31 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2013-01-01 237164223 MADISON PARK DEVELOPMENT CORPORATION % GAYLE HARROLD MADI 6175413900 184 DUDLEY STREET Suite ROXBURY MA 02119 GAYLE HARROLD CFO 6178496224 2014-11-13 true Leomard J Berkowitz P00872822 6178496224 2013 2015-11-30 17:44:51Z Jeanne Pinado 184 Dudley Street Roxbury MA 02119 5143847 false X www.madison-park.org X 1970 MA self-sufficiency and social well-being of low-income and moderate-income residents and advocating for home ownership, business development or education. 10 9 0 100 0 1571881 2986816 4859290 1862097 -12721 0 1830059 294934 8248509 5143847 13000 24000 0 0 1855804 2143003 0 0 179204 2629154 1282053 4497958 3449056 3750551 1694791 42219009 43417362 33694178 33345631 8524831 10071731 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. false false 1336412 1417266 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. 694340 398111 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. 580621 341654 community action- mpdc, through its community organizing activities, seeks to build and sustain an active and committed leadership core for the residents of its residential properties, with a focus on local youth and other stakeholders in the community. 135549 Other Program Results 135549 2746922 true true false false false false false true false true false false true true true false true false false false false false false false false false false true true false false false false false false false false true false false false true true true true false false true 37 0 0 false false false false false false false false false false X 10 9 false false false false false false false true true false true false true true true true true true true true true true MA X GAYLE HARROLD 6178496224 184 DUDLEY STREET ROXBURY MA 02119 jeanne pinado ceo/assistant treasurer 40.0 3.0 X X 184885 15772 elmer freeman president 1.0 3.0 X X malik aziz treasurer 1.0 3.0 X X ivelise rivera clerk/secretary 1.0 3.0 X X daryl richardson director 1.0 3.0 X brooke e woodson vice president 1.0 3.0 X X mae burgess director 1.0 3.0 X marion cunningham director 1.0 3.0 X carol pope Director 1.0 3.0 X 0 0 0 jason boltz director 1.0 3.0 X 0 0 0 gayle harrold cfo/assistant treasurer 30.0 3.0 X 114803 22304 yun-ju choi asst clerk/asst secretary 40.0 3.0 X 102885 9195 russell tanner Director of RE/Asst. Treasurer 40.0 X 158192 17846 andrew kerivan director of asset management 40.0 X 115642 8579 676407 0 73696 5 false true false landmark structures corporation 282 montvale ave WOBURN MA 01801 Construction 5764334 dellbrook construction llc 536 granite st BRAINTREE MA 02184 construction 648191 bilt-rite construction inc 150 shirley street ROXBURY MA 02119 construction 193689 goldman environmental consultants 60 brooks drive BRAINTREE MA 02184 Environmental engine 192766 dhk architects inc 54 canal street BOSTON MA 02114 architectural servic 171394 8 2387880 598936 2986816 DEVELOPMENT FEES 531390 917743 917743 RENTAL INCOME 531390 117713 117713 SPONSORSHIPS, MEMBERSHIPS, AND MISC DONATIONS 531390 119139 119139 MANAGEMENT FEES 531310 501589 501589 INTEREST INCOME ON OPERATIONS 900099 133332 133332 72581 72581 1862097 0 0 0 0 0 0 0 0 0 0 PARTNERSHIP DISTRIBUTIONS 900099 294934 294934 294934 5143847 2157031 0 24000 24000 0 0 200657 149838 36723 14096 0 1506013 1124599 275621 105793 0 436333 328270 72248 35815 0 0 37933 37933 74923 19712 52763 2448 0 0 0 0 0 145982 114159 23969 7854 0 0 164792 141810 14366 8616 43768 43768 0 0 53229 53229 0 67801 67801 22811 18708 3479 624 CONSULTANTS 61910 52053 9857 PROGRAM SUPPLIES 295503 274792 19256 1455 UTILITIES 20170 18635 551 984 GRANTS FOR RE DEVELOPMENT 55305 55305 237926 222310 14097 1519 3449056 2746922 522930 179204 3751188 2145526 0 0 0 0 171162 1124439 0 0 0 0 35600469 35358494 0 0 6187 37304 665941 404009 304605 261932 0 0 114475 1100150 0 0 10089 7574 2260834 3381943 42219009 43417362 318308 180529 0 0 28750 30000 0 0 21416 18138 0 0 31639159 30597469 0 0 1686545 2519495 33694178 33345631 X 5687008 7756908 473227 250227 2364596 2064596 8524831 10071731 42219009 43417362 X 1694791 -147891 X false true X true true true X 524712 1331372 2284229 1571881 2986816 8699010 1596748 1188322 1396604 4841546 1728765 10751985 0 0 0 2121460 2519694 3680833 6413427 4715581 19450995 0 0 0 19450995 4405 3556 5242 5023 133332 151558 0 4405 3556 5242 5023 133332 151558 0 205831 6154 263025 1830059 2305069 2331696 2529404 3949100 8248509 4848913 21907622 0.88786 0.88500 0.00692 0.00120 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 22219 22219 209155 58168 150987 434567 345841 88726 0 0 0 261932 INTEREST RECEIVABLE 149858 CONSTRUCTION IN PROGRESS 1580587 DUE FROM AFFILIATES 1546930 DEPOSITS 104568 3381943 0 DUE TO AFFILIATES 2304015 DEPOSITS 7435 ACCRUED EXPENSES 208045 2519495 X part iv, line 2b mpdc entered into an agreement with orchard gardens 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 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 services or commonwealth of massachusetts addressing any subsequent year. FIN 48 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, 2013 and 2012, there was no unrelated business income. true scholarship 11 24000 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, and the rest is tuition. X X X X false false false false false false false false false jeanne pinado ceo/assistant treasurer 159885 25000 15772 200657 russell tanner Director of RE/Asst. Treasurer 158192 17846 176038 X Bingham McKutchen - Legal Services 1 198168 cost false false false form 990, part I, line 1 description of organization mission: 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 AND ADVOCATING FOR HOME OWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION. 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 ENSURES THAT LOCAL UNIT'S 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 WICH 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 consulatant 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 i, line 5: Number of Employees per w-3 form 990 part xi line 8 gaap to tax adjustment 2451 Washington LLC 184 Dudley Street Suite 102 roxbury MA 02119 203909215 rental real e MA -110528 647822 MPDC Madison School House LLC 184 Dudley Street Suite 102 roxbury MA 02119 261591413 Rental 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