2012-11-13T10:30:52-06:00 2011-12-31 043097400 KEVIN P MARTIN & ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2011-01-01 237164223 MADISON PARK DEVELOPMENT CORPORATION MADI 6175413900 184 DUDLEY STREET ROXBURY MA 02119 GAYLE HARROLD 6175413900 2012-11-06 1 KRISTIN LABONTE P00744707 7813803520 2012-11-06 2011 2016-02-24 21:20:13Z JEANNE PINADO 184 DUDLEY STREET ROXBURY MA 02119 5121102 0 X WWW.MADISON-PARK.ORG X 1970 MA 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 AND ADVOCATING FOR HOME OWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION. 9 8 0 150 0 0 1331372 2284229 744399 1425943 447479 -24097 6154 263025 2529404 3949100 0 45205 0 0 1396499 1423750 0 0 112477 882472 1034231 2278971 2503186 250433 1445914 41063194 41531755 37704408 36706693 3358786 4825062 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 AND ADVOCATING FOR HOME OWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION. 0 0 842878 36205 1118316 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. 593858 153338 ARTS VENTURES AND PROGRAMMING - THE ARTS VENTURES PROGRAM IS A CULTURAL ECONOMIC DEVELOPMENT PROGRAM AND A KEY COMPONENT OF MPDC'S LARGER ECONOMIC DEVELOPMENT EFFORTS. HIBERNIAN HALL 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. 538838 9000 190626 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. 1975574 1 1 0 0 0 0 0 0 1 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 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 46 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 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 40.00 X X 157092 0 10005 ELMER FREEMAN 1.00 X X 0 0 0 MALIK AZIZ 1.00 X X 0 0 0 IVELISE RIVERA 1.00 X X 0 0 0 DARYL RICHARDSON 1.00 X 0 0 0 CAROL POPE 1.00 X 0 0 0 BROOKE E WOODSON 1.00 X 0 0 0 MAE BURGESS 1.00 X 0 0 0 MARION CUNNINGHAM 1.00 X 0 0 0 JENNIFER HAWKINS 40.00 X X 99575 0 2987 GAYLE HARROLD 30.00 X 85800 0 2574 ANDREW KERIVAN 40.00 X 103500 0 8397 445967 0 23963 2 0 1 0 THE NARROW GATE 121 EAST BERKELET STREET BOSTON MA 02118 ARCHITECTURE 438288 ELTON HAMPTON ARCHITECTS 103 TERRACE STREET ROXBURY MA 02120 ARCHITECTURE 109041 2 38025 950807 912746 382651 2284229 MANAGEMENT AND SITE FE 531310 612231 612231 DEVELOPMENT FEES 531390 407743 407743 PROGRAM FEES 531390 217206 217206 RENTAL INCOME 531110 121178 121178 INTEREST INCOME ON NOT 900099 67585 67585 1425943 5242 5242 1142663 1172002 -29339 -29339 -29339 WRITE OFF OF INTERCOMP 900099 134649 134649 PARTNERSHIP DISTRIBUTI 900099 88271 88271 40105 40105 263025 3949100 1659629 0 5242 36205 36205 9000 9000 358033 316240 36577 5216 826491 542657 211319 72515 8690 5596 3094 230536 162241 52165 16130 51975 51975 171203 166640 3613 950 11357 11357 150902 124824 17761 8317 184107 164348 12187 7572 5579 5479 100 55674 43903 11771 2771 2771 31365 22894 8228 243 5595 5177 418 PROGRAM EXPENSES 174866 173432 1434 WRITE OFF OF PREDEVELOP 90296 90296 VENDOR FEES 80479 80479 DUES AND SUBSCRIPTIONS 18062 12035 6027 2503186 1975574 415135 112477 1905871 2017280 93029 91132 35359063 36037038 10046 6069 635573 391754 217763 243819 143277 27894 10948 3334145 3097575 41063194 41531755 176127 300700 500 37781 38244 29657 32779341 32750287 4710196 3588268 37704408 36706693 X 1113963 1819915 267500 545602 1977323 2459545 3358786 4825062 41063194 41531755 X 1445914 20362 X 0 1 1 X 1 1 X 795226 1649991 524712 1331372 2284229 6585530 2580058 2205518 1596748 1188322 1396604 8967250 3375284 3855509 2121460 2519694 3680833 15552780 0 0 0 15552780 13907 6328 4405 3556 5242 33438 13907 6328 4405 3556 5242 33438 27296 86446 205831 6154 263025 588752 3416487 3948283 2331696 2529404 3949100 16174970 0.96150 0.97430 0.00210 0.00230 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 22219 22219 146989 29547 117442 466365 362207 104158 243819 INTEREST RECEIVABLE 115759 CONSTRUCTION IN PROCESS 1851608 DUE FROM AFFILIATES 1080208 DEPOSITS 50000 3097575 DEVELOPMENT COSTS PAYABLE 22232 DUE TO AFFILIATES 3556936 DEPOSITS 9100 3588268 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 OF 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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 COMPANYS 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 COMPANYS CONSOLIDATING FINANCIAL STATEMENTS AS THE COMPANY BELIEVES THAT ITS CONSOLIDATING FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS. ALL TAX YEARS PRIOR TO 2008 ARE CLOSED AS A RESULT OF THE PASSING OF THE STATUTE OF LIMITATIONS. NO NOTICES HAVE BEEN RECEIVED FROM EITHER THE INTERNAL REVENUE SERVICE OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR. 1 SMITH HOUSE II LIMITED PARTNERSHIP 184 DUDLEY STREET ROXBURY MA 02119 043293225 N/A 36205 REAL ESTATE DEVELOPMENT 0 1 SCHOLARSHIP 4 9000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: A SCHOLARSHIP COMMITTEE DECIDES WHO WILL BE AWARDED THE SHOLARSHIP AND A CHECK IS CUT DIRECTLY TO THE UNIVERSITY. THE FUNDS PROVIDED TO SMITH HOUSE II LP ARE INTENDED FOR REAL ESTATE DEVELOPMENT AND BUDGETS ARE REVIEWED TO MONITOR THAT THE FUNDS ARE USED AS INTENDED. X X X X 0 0 0 0 0 0 0 0 0 JEANNE PINADO 135192 0 21900 0 0 0 4713 0 5292 0 167097 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 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 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 POLUCY, AND FINANCIALS STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: DONATED SERVICES AND USE OF FACILITIES: 20,362. NUMBER OF EMPLOYEES PER W-3 FORM 990, PART I, LINE 5 MADISON PARK DEVELOPMENT CORPORATION DOES NOT HAVE EMPLOYEES, THEREFORE NUMBER OF EMPLOYEES PER W-3 IS 0. HOWEVER, THEY HAVE PAID FOR 37 OUTSOURCED STAFF FOR THE YEAR ENDED DECEMBER 31, 2011 WHICH IS REPORTED AS COMPENSATION ON LINES 5 AND 7 OF PART IX OF THE 990. 2451 WASHINGTON LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 203909215 ACQUIRE, HOLD, DEVELOP, MANAGE, OPERATE,INVEST IN AFFORDABLE HOUSING PROJECT MA 0 1040096 MADISON PARK DEVELOPMENT CORPORATION MADISON SCHOOL HOUSE LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 261591413 ACQUIRE, HOLD, DEVELOP, MANAGE, OPERATE,INVEST IN AFFORDABLE HOUSING PROJECT MA 0 0 MADISON PARK DEVELOPMENT CORPORATION MADISON PROPERTY DEVELOPMENT LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 270366179 ACQUIRE, DEVELOP AND SELL AFFORDABLE TOWNHOMES MA 1163068 34994 MADISON PARK DEVELOPMENT CORPORATION MADISON HOUSING DEVELOPMENT LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 272754424 ACQUIRE, HOLD, DEVELOP, MANAGE, OPERATE,INVEST IN AFFORDABLE HOUSING PROJECT MA 15726 918638 MADISON PARK DEVELOPMENT CORPORATION MADISON BARD LLC 184 DUDLEY 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ROXBURY MA 02119 651251191 RENTAL REAL ESTATE MA MADISON PARK DEVELOPMENT CORPORATION C 0.79000 INTERFAITH HOUSING DEVELOPERS INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 161644815 RENTAL REAL ESTATE MA MADISON PARK DEVELOPMENT CORPORATION C 3 0.50000 ADAMS ORCHARD INC 40 COURT STREET BOSTON MA 02108 043428514 RENTAL REAL ESTATE MA MADISON PARK DEVELOPMENT CORPORATION C 0.51000 MTV INC 122 DEWITT DRIVE BOSTON MA 02120 043339765 RENTAL REAL ESTATE MA MADISON PARK DEVELOPMENT CORPORATION C 1 51 0.51000 MADISON DAVENPORT INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043428521 RENTAL REAL ESTATE MA MADISON PARK DEVELOPMENT CORPORATION C 2500 188166 1.00000 SCHOOL HOUSE K W MADISON PARK AND EAF LLC 536 GRANITE STREET BRAINTREE MA 02184 261599663 GENERAL PARTNER OF SCHOOL HOUSE KENILWORTH WILLIAMS LP MA MADISON PARK DEVELOPMENT CORPORATION C 0.51000 SCHOOL HOUSE B C MADISON PARK AND EAF LLC 536 GRANITE STREET BRAINTREE MA 02184 261599595 GENERAL PARTNER OF SCHOOL HOUSE BROOKLEDGE 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