2012-11-13T10:30:41-06:00 2011-12-31 043097400 KEVIN P MARTIN & ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2011-01-01 237011408 LOWER ROXBURY COMMUNITY CORPORATION LOWE 6175413900 184 DUDLEY STREET ROXBURY MA 02119 GAYLE HARROLD 6175413900 2012-11-06 1 KRISTIN LABONTE P00744707 7813803520 2012-10-24 2011 2016-02-24 21:20:13Z JEANNE PINADO 184 DUDLEY STREET ROXBURY MA 02119 1827873 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 0 1020170 1817619 6079 6039 15288 4215 1041537 1827873 13000 379407 0 0 65327 74422 0 0 0 1170619 1232469 1248946 1686298 -207409 141575 12049379 13455645 9297822 10562513 2751557 2893132 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 1686298 1821834 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. 1686298 1 0 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 4 0 0 0 0 0 0 0 0 0 0 0 0 X 9 8 0 1 0 0 0 0 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 X X 0 157092 10005 ELMER FREEMAN 1.00 X X 0 0 0 MALIK AZIZ 1.00 X X 0 0 0 BROOKE E WOODSON 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 JENNIFER HAWKINS 1.00 X X 0 99575 2987 MAE BURGESS 1.00 X 0 0 0 MARION CUNNINGHAM 1.00 X 0 0 0 GAYLE HARROLD 1.00 X 0 85800 2574 0 342467 15566 0 0 1 0 0 RENTAL INCOME 531110 1056695 1056695 PARTNERSHIP DISTRIBUTI 531110 677492 677492 MANAGEMENT FEES 531310 83432 83432 1817619 6039 6039 MISCELLANEOUS REVENUE 531390 4215 4215 4215 1827873 1821834 0 6039 377407 377407 2000 2000 59021 59021 9471 9471 5930 5930 53555 53555 7697 7697 10475 10475 13607 13607 858509 858509 193235 193235 WRITE OFF OF INTERCOMPA 62001 62001 AMORTIZATION 33390 33390 1686298 1686298 0 0 17738 184283 323332 263183 766753 764077 8928 6518 7807768 880440 7108050 6927328 120001 1570808 3704577 3739448 12049379 13455645 131603 130924 7764277 7764277 1401942 2667312 9297822 10562513 X 2499431 2893132 252126 0 2751557 2893132 12049379 13455645 141575 0 X 0 1 1 X 0 X 759039 982843 1056198 1020170 1817619 5635869 759039 982843 1056198 1020170 1817619 5635869 0 0 0 5635869 18346 19546 8095 6079 6039 58105 18346 19546 8095 6079 6039 58105 189 14011 15288 4215 33703 777385 1002578 1078304 1041537 1827873 5727677 0.98400 0.93290 0.01010 0.06020 X 1206000 1206000 6423995 810592 5613403 154821 64253 90568 22952 5595 17357 6927328 INVESTMENT IN HSG SUBSIDIARIES 1570808 C 1570808 FINANCING FEES 182083 DUE FROM AFFILIATES 3557365 3739448 DUE TO AFFILIATED ENTITIES 2634872 OTHER CURRENT LIABILITIES 32440 2667312 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 MADISON PARK DEVELOPMENT CORPORATION 184 DUDLEY STREET ROXBURY MA 02119 237164223 501(C)(3) 377407 REAL ESTATE DEVELOPMENT 1 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 135192 0 21900 0 0 0 4713 0 5292 0 167097 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 REVENUE. THE AGREEMENT IS IN EFFECT ON A YEAR-TO-YEAR BASIS. THE COMPANY INCURRED MANAGEMENT FEES OF $53,555 FOR THE YEAR ENDED DECEMBER 31, 2011. 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. 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