2013-11-13T11:13:45-06:00 2012-12-31 043097400 KEVIN P MARTIN ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2012-01-01 237011408 LOWER ROXBURY COMMUNITY CORPORATION LOWE 6175413900 184 DUDLEY STREET ROXBURY MA 02119 GAYLE HARROLD 6175413900 2013-11-12 1 KRISTIN E LABONTE CPA P00744707 7813803520 2013-11-12 2012 2016-02-25 16:41:14Z JEANNE PINADO 184 DUDLEY STREET ROXBURY MA 02119 22165397 0 X N/A X 1967 MA TO FURTHER THE INTEREST OF ALL OF THE RESIDENTS IN THE AREA KNOWN AS LOWER ROXBURY IN MATTERS OF HOUSING, EDUCATION, RECREATION AND GENERALLY TO WORK FOR THE REVITALIZATION OF THE COMMUNITY. 9 8 0 0 0 0 0 67570 1817619 21819201 6039 -12416 4215 270127 1827873 22144482 379407 17513071 0 0 74422 0 0 0 0 1232469 1238839 1686298 18751910 141575 3392572 13455645 16223715 10562513 9938011 2893132 6285704 X THE OVERALL MISSION IS TO FOSTER THE SOCIAL, PHYSICAL, ECONOMIC AND CULTURAL RENAISSANCE OF THE LOWER 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. 0 0 18751910 17513071 22068413 TO FURTHER THE INTEREST OF ALL OF THE RESIDENTS IN THE AREA KNOWN AS LOWER ROXBURY IN MATTERS OF HOUSING, EDUCATION, RECREATION AND GENERALLY TO WORK FOR THE REVITALIZATION OF THE COMMUNITY. 18751910 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X GAYLE HARROLD 6178496224 184 DUDLEY STREET ROXBURY MA 02119 JEANNE M PINADO 1.00 42.00 X X 0 176615 19298 ELMER FREEMAN 1.00 3.00 X X 0 0 0 MALIK AZIZ 1.00 3.00 X X 0 0 0 BROOKE E WOODSON 1.00 3.00 X X 0 0 0 IVELISE RIVERA 1.00 3.00 X X 0 0 0 DARYL RICHARDSON 1.00 3.00 X 0 0 0 CAROL POPE 1.00 3.00 X 0 0 0 YUN JU CHOI 1.00 42.00 X X 0 78577 5724 MAE BURGESS 1.00 3.00 X 0 0 0 MARION CUNNINGHAM 1.00 3.00 X 0 0 0 GAYLE HARROLD 1.00 32.00 X X 0 105599 22466 0 360791 47488 0 0 1 0 0 67570 67570 PARTNERSHIP DISTRIBUTIONS 531110 20191878 20191878 RENTAL INCOME 531110 1005928 1005928 INTEREST INCOME ON NOTE RECEIVABL 900099 523123 523123 MANAGEMENT FEES 531310 98272 98272 21819201 8499 8499 20915 -20915 -20915 -20915 WRITE OFF OF INTERCOMPANY PAYABLE 900099 270127 270127 270127 22144482 22068413 0 8499 17511071 17511071 2000 2000 61096 61096 6759 6759 11725 11725 78157 78157 6381 6381 848777 848777 194488 194488 AMORTIZATION 31456 31456 18751910 18751910 0 0 184283 2997610 263183 783225 764077 760029 6518 7722 7812815 1074928 6927328 6737887 1570808 1608920 3739448 3328322 13455645 16223715 130924 195498 7764277 7764277 2667312 1978236 10562513 9938011 X 2893132 6285704 2893132 6285704 13455645 16223715 3392572 0 X 0 1 X 1 0 X 67570 67570 982843 1056198 1020170 1817619 21819201 26696031 982843 1056198 1020170 1817619 21886771 26763601 0 16720902 16720902 16720902 16720902 10042699 19546 8095 6079 6039 8499 48258 19546 8095 6079 6039 8499 48258 189 14011 15288 4215 270127 303830 1002578 1078304 1041537 1827873 22165397 27115689 0.37040 0.98400 0.00180 0.01010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1206000 1206000 6423995 981454 5442541 159868 86731 73137 22952 6743 16209 6737887 INVESTMENT IN HSG SUBSIDIARIES 1608920 C 1608920 FINANCING FEES 150627 DUE FROM AFFILIATES 3177695 3328322 DUE TO AFFILIATED ENTITIES 1939263 OTHER CURRENT LIABILITIES 38973 1978236 X DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: 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 SERVICE OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR. 1 MADISON PARK DEVELOPMENT CORPORATION 184 DUDLEY STREET ROXBURY MA 02119 237164223 501(C)(3) 110782 REAL ESTATE DEVELOPMENT MADISON PARK HOUSING CORPORATION 184 DUDLEY STREET ROXBURY MA 02119 042743779 501(C)(3) 16942556 FMV NOTE RECEIVABLE REAL ESTATE DEVELOPMENT MADISON PARK DEVELOPMENT CORPORATION 184 DUDLEY STREET ROXBURY MA 02119 237164223 501(C)(3) 457733 REAL ESTATE DEVELOPMENT 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: PROJECT DEVELOPMENT BUDGETS ARE REVIEWED TO MONITOR THE USE OF GRANT FUNDS. X X X X 0 0 0 0 0 0 0 0 0 JEANNE M PINADO 0 154615 0 22000 0 0 0 0 0 19298 0 195913 0 0 FORM 990, PART VI, SECTION A, LINE 3 DURING 2008, THE COMPANY ENTERED INTO A MANAGEMENT AGREEMENT WITH CORNU MANAGEMENT COMPANY, INC. THE MANAGEMENT FEE IS EQUAL TO 5% OF GROSS COLLECTED REVENUE. THE AGREEMENT IS IN EFFECT ON A YEAR-TO-YEAR BASIS. FORM 990, PART VI, SECTION A, LINE 6 MADISON PARK DEVELOPMENT CORPORATION IS THE SOLE MEMBER OF LOWER ROXBURY COMMUNITY CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MADISON PARK DEVELOPMENT CORPORATION, AS SOLE MEMBER, HAS THE POWER TO APPOINT THE BOARD. 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 BAORD 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 THE ORGANIZATION 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 C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. SECTION 168(H) ELECTION ELECTION PURSUANT TO SECTION 168(H)(6)(F) OF THE INTERNAL REVENUE CODE MADISON PARK IV GP LLC (TAX-EXEMPT CONTROLLED ENTITY) AND ITS' MAJORITY OWNER, LOWER ROXBURY COMMUNITY CORPORATION (TAX-EXEMPT PARENT) HEREBY ELECT UNDER SECTION 168(H)(6)(F) THAT MADISON PARK IV GP LLC WILL NOT BE TREATED AS A TAX-EXEMPT ENTITY WITH RESPECT TO ITS INTEREST IN MADISON PARK IV 2011 LP. THE NAMES, ADDRESSES AND I.D. #'S OF THE INVOLVED PARTIES ARE: 1.TAX-EXEMPT CONTROLLED ENTITY: MADISON PARK IV GP LLC 184 DUDLEY STREET ROXBURY, MA 02119 EIN: 45-3261293 2. TAX-EXEMPT PARENT: LOWER ROXBURY COMMUNITY CORP 184 DUDLEY STREET ROXBURY, MA 02119 EIN: 23-7011408 3.PROPERTY TO WHICH THIS ELECTION APPLIES: MADISON PARK IV 2011 LP 184 DUDLEY STREET ROXBURY, MA 02119 EIN: 45-3459053 MADISON WASHINGTON II LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 208135439 LOW-INCOME HOUSING MA 1006060 7213838 LOWER ROXBURY COMMUNITY CORPORATION MADISON PARK HOUSING CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 042743779 SUPPORT LOW-INCOME HOUSING MA SECTION 501 (C) (3) LINE 9 MADISON PARK DEVELOPMENT CORPORATION 0 MADISON PARK DEVELOPMENT CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 237164223 FOSTER THE SOCIAL, PHYSICAL, ECONOMIC AND CULTURAL RENAISSANCE OF THE ROXBUR MA SECTION 501 (C) (3) LINE 9 N/A 0 MADISON PARK ECONOMIC DEVELOPMENT CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043126706 PROVIDE SUPPORT FOR ECONOMIC REVITALIZATION IN THE ROXBURY, MA AREA MA SECTION 501 (C) (3) LINE 9 MADISON PARK DEVELOPMENT CORPORATION 0 SCHOOL HOUSE KENILWORTH WILLIAMS LIMITED PARTNERSHIP 536 GRANITE STREET BRAINTREE MA 02184 261599834 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA N/A SCHOOL HOUSE BROOKLEDGE CUMMINS LIMITED PARTNERSHIP 536 GRANITE STREET BRAINTREE MA 02184 261599765 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA N/A INTERFAITH HOUSING DEVELOPERS LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 161644819 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA N/A MADISON TRINITY LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043339768 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA N/A ADAMS ORCHARD LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043428515 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA LOWER ROXBURY COMMUNITY CORPORATION RELATED -450743 8094949 0 0 0.50990 MADISON PARK III ASSOCIATES LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 042626724 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA LOWER ROXBURY COMMUNITY CORPORATION RELATED 837362 3617541 0 0 0.99990 HAYNES HOUSE II LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043231123 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA LOWER ROXBURY COMMUNITY CORPORATION RELATED 80707 7613603 0 0 0.99990 BERYL GARDENS LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293229 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA N/A SMITH HOUSE II LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293225 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA LOWER ROXBURY COMMUNITY CORPORATION RELATED 397149 3431631 0 0 0.99990 RUGGLES SHAWMUT HOUSING LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 202182768 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA N/A MADISON HIBERNIAN ARTS LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 200317360 ACQUIRE, REHAB, OPERATE COMMERCIAL BLDG FOR USE AS ARTS AND CULTURAL CENTER MA N/A HIBERNIAN ARTS CENTER LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 770624434 LEASE COMMERCIAL SPACE AS ARTS & CULTURAL FACILITY IN THE LOWER ROXBURY AREA MA N/A MADISON PARK SCI LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 203807979 INVESTMENT IN MADISON HIBERNIAN ARTS LLC MA N/A DUDLEY GREENVILLE LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 272754424 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA N/A MADISON PARK IV 2011 LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 453459053 ACQUIRE, REHAB, OPERATE 43 AFFORDABLE RENTAL UNITS MA N/A NEW MADISON PARK IV ASSOCIATES LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293221 RENTAL REAL ESTATE OF LOW INCOME HOUSING MA N/A RELATED 20587985 0 0 0.99990 MADISON PARK MANAGEMENT CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 042752848 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 N/A C 0 HAYNES II INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043220498 RENTAL REAL ESTATE MA LOWER ROXBURY COMMUNITY CORPORATION C 354416 608094 1.00000 1 BERYL GARDENS INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293227 RENTAL REAL ESTATE MA LOWER ROXBURY COMMUNITY CORPORATION C 194050 1.00000 1 SMITH II INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293223 RENTAL REAL ESTATE MA LOWER ROXBURY COMMUNITY CORPORATION C 40 293937 1.00000 1 BERYL GARDENS COOPERATIVE CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043296338 RENTAL REAL ESTATE MA LOWER ROXBURY COMMUNITY CORPORATION C 1.00000 1 MADISON RUGGLES SHAWMUT INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 651251191 RENTAL REAL ESTATE MA N/A C 0 INTERFAITH HOUSING DEVELOPERS INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 161644815 RENTAL REAL ESTATE MA N/A C 0 ADAMS ORCHARD INC 40 COURT STREET BOSTON MA 02108 043428514 RENTAL REAL ESTATE MA N/A C 0 MTV INC 122 DEWITT DRIVE BOSTON MA 02120 043339765 RENTAL REAL ESTATE MA N/A C 0 MADISON DAVENPORT INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043428521 RENTAL REAL ESTATE MA N/A C 0 SCHOOL HOUSE K W MADISON PARK AND EAF LLC 536 GRANITE STREET BRAINTREE MA 02184 261599663 GENERAL PARTNER OF SCHOOL HOUSE KENILWORTH WILLIAMS LIMITED PARTNERSHIP MA N/A C 0 SCHOOL HOUSE B C MADISON PARK AND EAF LLC 536 GRANITE STREET BRAINTREE MA 02184 261599595 GENERAL PARTNER OF SCHOOL HOUSE BROOKLEDGE CUMMINS LIMITED PARTNERSHIP MA N/A C 0 DUDLEY GREENVILLE MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 461232440 RENTAL REAL ESTATE MA N/A C 0 MADISON PARK IV GP LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 453261293 RENTAL REAL ESTATE MA LOWER ROXBURY COMMUNITY CORPORATION C 13 0.79000 1 NEW MADISON IV INC 122 DEWITT DRIVE ROXBURY MA 02108 043293221 RENTAL REAL ESTATE MA LOWER ROXBURY COMMUNITY CORPORATION C 9966 625393 1.00000 1 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 1 BERYL GARDENS INC D 184050 PRESENT VALUE SMITH II INC D 211800 PRESENT VALUE HAYNES HOUSE II INC D 1162935 PRESENT VALUE BERYL GARDENS INC E 194050 PRESENT VALUE SMITH II INC E 221800 PRESENT VALUE SMITH HOUSE II LIMITED PARTNERSHIP D 225000 PRESENT VALUE MADISON PARK IV ASSOCIATES LP S 3219686 PRESENT VALUE HAYNES HOUSE II LP L 63829 PRESENT VALUE