2011-11-08T12:19:33-06:00 2010-12-31 KEVIN P MARTIN & ASSOCIATES PC 10 FORBES WEST BRAINTREE MA 02184 990 2010-01-01 237164223 MADISON PARK DEVELOPMENT CORPORATION MADI 6175413900 184 DUDLEY STREET ROXBURY MA 02119 JEANNE PINADO 6175413900 2011-11-03 1 KRISTIN LABONTE 7813803520 2011-10-25 2010 2016-03-07 17:11:31Z JEANNE PINADO 184 DUDLEY STREET ROXBURY MA 02119 8271894 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. 11 10 0 150 0 0 524712 1331372 1596748 744399 4405 447479 205831 6154 2331696 2529404 0 0 0 0 1231645 1396499 0 0 64326 1118428 882472 2350073 2278971 -18377 250433 41680318 41063194 38915711 37704408 2764607 3358786 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 726033 916350 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, THROUGH THE REAL ESTATE PROGRAM, MPDC OPERATES RENTAL PROPERTIES BENEFITTING THE LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. 453948 75235 ACT ROXBURY - THE ART, CULTURE & TRADE ROXBURY PROGRAM IS A CULTURAL ECONOMIC DEVELOPMENT PROGRAM AND A KEY COMPONENT OF MPDC'S LARGER ECONOMIC DEVELOPMENT EFFORTS. FOUNDED IN 1998, ACT ROXBURY HAS SEVERAL SIGNATURE CULTURAL PROGRAMS THAT INCLUDE THE ROXBURY PERFORMANCE SERIES, ROXBURY FILM FESTIVAL AND ROXBURT OPEN STUDIOS. 473659 177651 COMMUNITY ACTION - MPDC, THROUGH ITS COMMUNITY ORGANIZING ACTIVITIES SEEKS TO BUILD AND SUSTAIN AN ACTIVE AND COMMITTED LEADERSHIP CORE FOR ITS ORGANIZATION THAT ENCOMPASSES LOW-INCOME RESIDENTS, WITH A FOCUS ON LOCAL YOUTH AND OTHER STAKEHOLDERS IN THE ROXBURY COMMUNITY. 1653640 1 1 0 0 0 0 0 1 0 1 0 0 1 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 1 1 1 1 0 0 1 40 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 0 0 0 0 0 0 0 1 1 0 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 167000 0 9699 ELMER FREEMAN 1.00 X X 0 0 0 DARYL RICHARDSON 1.00 X X 0 0 0 IVELISE RIVERA 1.00 X X 0 0 0 MALIK AZIZ 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 MARITZA DECAMPOS 1.00 X 0 0 0 REVEREND WILLIAM WATKINS 1.00 X 0 0 0 MARION CUNNINGHAM 1.00 X 0 0 0 GAYLE HARROLD 30.00 X 82800 0 2574 JENNIFER HAWKINS 40.00 X 107616 0 2944 ANDREW KERIVAN 40.00 X 102618 0 8575 460034 0 23792 3 0 1 0 LANDMARK STRUCTURES CORPORATION 282 MONTVALE AVE WOBURN MA 01801 CONSTRUCTION CONTRACTOR 3971573 RUSSELL TANNER 35 HIGHLAND AVE LEXINGTON MA 02421 RE CONSULTANT 102368 2 40780 943238 347354 1331372 MANAGEMENT AND SITE FE 531310 479792 479792 PROGRAM FEES 531390 119960 119960 INTEREST INCOME ON NOT 900099 76843 76843 RENTAL INCOME 531110 61972 61972 DEVELOPMENT FEES 531390 5832 5832 744399 3556 3556 6186413 5742490 443923 443923 443923 MISCELLANEOUS REVENUE 900099 6154 6154 6154 2529404 1194476 0 3556 378017 334191 38314 5512 796212 465222 284186 46804 6947 4327 2620 215323 149558 56921 8844 13377 12552 825 36225 36225 207471 196468 11003 204611 154817 49430 364 196743 175386 18877 2480 15524 15425 99 8791 40 8751 45731 30608 15123 1171 1171 PROGRAM EXPENSES 146038 107085 38730 223 BAD DEBT EXPENSE 4500 4500 MISCELLANEOUS 2290 2290 2278971 1653640 561005 64326 974298 1905871 164920 93029 155586 36323116 35359063 6634 10046 578152 360389 204600 217763 128063 143277 3723101 3334145 41680318 41063194 153342 176127 33000 500 43129 38244 33940581 32779341 4745659 4710196 38915711 37704408 X 1196184 1113963 300645 267500 1267778 1977323 2764607 3358786 41680318 41063194 X 250433 343746 X 0 1 1 X 1 1 X 1055465 795226 1649991 524712 1331372 5356766 1116406 2580058 2205518 1596748 1188322 8687052 2171871 3375284 3855509 2121460 2519694 14043818 0 0 0 14043818 4325 13907 6328 4405 3556 32521 4325 13907 6328 4405 3556 32521 11780 27296 86446 205831 6154 337507 2187976 3416487 3948283 2331696 2529404 14413846 0.97430 0.97320 0.00230 0.00280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 22219 22219 146989 22048 124941 408944 338341 70603 217763 INTEREST RECEIVABLE 126952 CONSTRUCTION IN PROCESS 2375266 DUE FROM AFFILIATES 831927 3334145 DEVELOPMENT COSTS PAYABLE 38762 DUE TO AFFILIATES 4671434 4710196 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 U.S. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES REQUIRE THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED UPON A MORE LIKE 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 CONSOLIDATING FINANCIAL STATEMENTS AS THE COMPANY BELIEVES THAT ITS CONSOLIDATING FINANCIAL STATEMENTS DO NOT INCLUDE ANY UNCERTAIN TAX POSITIONS. ALL TAX YEARS PRIOR TO 2007 ARE CLOSED AS A RESULT OF THE PASSING OF THE STATUTE OF LIMITATIONS. NO NOTICES HAVE BEEN RECEIVED FROM EITHER THE INTERNAL REVENUE SERVICES OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR. X X X 0 0 0 0 0 0 0 0 0 JEANNE PINADO 145000 0 22000 0 0 0 5010 0 4689 0 176699 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED PRIOR TO ISSUANCE BY THE FINANCE COMMITTEE AND THEN BY SELECTED MEMBERS OF THE BOARD OF DIRECTORS. 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: PARTNERSHIP DISTRIBUTIONS 343,746. TOTAL TO FORM 990, PART XI, LINE 5: 343,746. 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 21 OUTSOURCED STAFF FOR THE YEAR ENDED DECEMBER 31, 2010 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 1120990 N/A 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 N/A MADISON PROPERTY DEVELOPMENT LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 270366179 ACQUIRE, DEVELOP AND SELL AFFORDABLE TOWNHOMES MA 6266939 1151682 N/A MADISON HOUSING DEVELOPMENT LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 272754424 ACQUIRE, HOLD, DEVELOP, MANAGE, OPERATE,INVEST IN AFFORDABLE HOUSING PROJECT MA 35652 306447 N/A MADISON BARD LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 273060171 ACQUIRE, HOLD, DEVELOP, MANAGE, OPERATE,INVEST IN AFFORDABLE HOUSING PROJECT MA 0 0 N/A 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