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MADISON PARK ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
MADISON PARK ECONOMIC DEVELOPMENT CORPORATION (EIN 04-3126706)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-14
IRS object ID
202443199349300534
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-14T02:01:46-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN221478099PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHNREZNICK LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE BOSTON PLACE SUITE 500AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02108ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN043126706EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MADISON PARK ECONOMIC DEVELOPMENT CORPBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlMADIBusinessNameControlTxt
Phone6175413900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1184 DUDLEY STREETAddressLine1Txt
CityROXBURYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02119ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonAMANDA PELCHERPersonNm
Person TitleINTERIM CFOPersonTitleTxt
Phone6175413900PhoneNum
Signature2024-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd
Form8822 B AttachedYes (X)Form8822BAttachedInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLORI ROTHE YOKOBOSKY CPAPreparerPersonNm
PTINP01273422PTIN
Phone6176481400PhoneNum
Preparation2024-11-13PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerINGRID TUCKERPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1184 DUDLEY STREETAddressLine1Txt
CityROXBURYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02119ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,264,621GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressN/AWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1991FormationYr
Legal Domicile StateMALegalDomicileStateCd
Activity Or MissionTO PROVIDE SUPPORT FOR ECONOMIC REVITALIZATION IN THE ROXBURY, MASSACHUSETTS AREA.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$148,140PYContributionsGrantsAmt
CY Contributions Grants$138,794CYContributionsGrantsAmt
PY Program Service Revenue$1,183,206PYProgramServiceRevenueAmt
CY Program Service Revenue$1,125,346CYProgramServiceRevenueAmt
PY Investment Income$422PYInvestmentIncomeAmt
CY Investment Income$481CYInvestmentIncomeAmt
PY Other Revenue$132,387PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$1,464,155PYTotalRevenueAmt
CY Total Revenue$1,264,621CYTotalRevenueAmt
PY Grants And Similar Paid$1,896PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,208CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,597,060PYOtherExpensesAmt
CY Other Expenses$1,552,747CYOtherExpensesAmt
PY Total Expenses$1,598,956PYTotalExpensesAmt
CY Total Expenses$1,554,955CYTotalExpensesAmt
PY Revenues Less Expenses-$134,801PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$290,334CYRevenuesLessExpensesAmt
Total Assets BOY$4,796,223TotalAssetsBOYAmt
Total Assets EOY$3,915,880TotalAssetsEOYAmt
Total Liabilities BOY$5,083,494TotalLiabilitiesBOYAmt
Total Liabilities EOY$4,225,064TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$287,271NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$309,184NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE SUPPORT FOR ECONOMIC REVITALIZATION IN THE ROXBURY, MASSACHUSETTS AREA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,544,548ExpenseAmt
Grant$2,208GrantAmt
Revenue$1,125,346RevenueAmt
DescOWNS AND OPERATES DEWITT CENTER.Desc
Total Program Service Expenses$1,544,548TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit CounselingYes (1)CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldMAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1AMANDA PELCHERBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6175413900PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1184 DUDLEY STREETAddressLine1Txt
CityROXBURYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02119ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
AYANNA HINES
DIRECTOR1.003.00Yes (X)$0$0$0
CHANDA K SMART
DIRECTOR1.003.00Yes (X)$0$0$0
DEAYNE WATTS
DIRECTOR1.003.00Yes (X)$0$0$0
GLORIA E BROOKS
VICE PRESIDENT1.003.00Yes (X)$0$0$0Yes (X)
IVELISE RIVERA
TREASURER1.003.00Yes (X)$0$0$0Yes (X)
LISA MORISHANTI
DIRECTOR1.003.00Yes (X)$0$0$0
MALIK AZIZ
PRESIDENT1.003.00Yes (X)$0$0$0Yes (X)
NINA RUFF
SECRETARY1.003.00Yes (X)$0$0$0Yes (X)
ROBERT L TERRELL
DIRECTOR1.003.00Yes (X)$0$0$0
SONRISA HAYNES
DIRECTOR1.003.00Yes (X)$0$0$0
VICTORIA LYNN AWKWARD
DIRECTOR1.003.00Yes (X)$0$0$0
EVELYN BARNES
CHIEF FINANCIAL OFFICER40.003.00$0$153,531$16,338Yes (X)
INTIYA AMBROGI-ISAZA
VICE PRESIDENT REAL ESTATE40.003.00$0$161,916$27,332Yes (X)
LESLIE A REID
CHIEF EXECUTIVE OFFICER40.003.00$0$191,975$27,318Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$507,422TotReportableCompRltdOrgAmt
Total Other Compensation$70,988TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
Related Organizations$101,964RelatedOrganizationsAmt
All Other Contributions$36,830AllOtherContributionsAmt
Total Contributions$138,794TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531110$704,575$704,575
PROGRAM FEES531390$420,771$420,771
FieldValueIRS element (for citing)
Total Program Service Revenue$1,125,346TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$481TotalRevenueColumnAmt
Exclusion$481ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,264,621TotalRevenueColumnAmt
Related Or Exempt Func Income$1,125,346RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$481ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,208TotalAmt
Program Services$2,208ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$408,289TotalAmt
Program Services$408,289ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$220TotalAmt
Program Services$220ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$10,407TotalAmt
Management And General$10,407ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$48,180TotalAmt
Program Services$48,180ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$37,153TotalAmt
Program Services$37,153ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$14,830TotalAmt
Program Services$14,830ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$419,508TotalAmt
Program Services$419,508ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$94,166TotalAmt
Program Services$94,166ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$188,409TotalAmt
Program Services$188,409ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$75,112TotalAmt
Program Services$75,112ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
OPERATING EXPENSES$219,400$219,400
MAINTENANCE EXPENSE$25,350$25,350
PROGRAM SUPPLIES$8,214$8,214
CITC$1,695$1,695

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,814TotalAmt
Program Services$1,814ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,554,955TotalAmt
Program Services$1,544,548ProgramServicesAmt
Management And General$10,407ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$439,535BOYAmt
EOY$147,028EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,964BOYAmt
EOY$79,394EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,187,071LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,512,990LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$4,342,183BOYAmt
EOY$3,674,081EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$10,541BOYAmt
EOY$15,377EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,796,223BOYAmt
EOY$3,915,880EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$593,178BOYAmt
EOY$679,375EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$19,800BOYAmt
EOY$75EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,542,887BOYAmt
EOY$2,527,603EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,927,629BOYAmt
EOY$1,018,011EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,083,494BOYAmt
EOY$4,225,064EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$287,271BOYAmt
EOY-$309,184EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$287,271BOYAmt
EOY-$309,184EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,796,223BOYAmt
EOY$3,915,880EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$290,334ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$268,421OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$184,152CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$148,140CurrentTaxYearMinus1YearAmt
Current Tax Year$138,794CurrentTaxYearAmt
Total$471,086TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$777,769CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$770,112CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,169,714CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,183,206CurrentTaxYearMinus1YearAmt
Current Tax Year$1,307,148CurrentTaxYearAmt
Total$5,207,949TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$777,769CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$770,112CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,353,866CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,331,346CurrentTaxYearMinus1YearAmt
Current Tax Year$1,445,942CurrentTaxYearAmt
Total$5,679,035TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$5,679,035PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$41CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$34CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$422CurrentTaxYearMinus1YearAmt
Current Tax Year$481CurrentTaxYearAmt
Total$985TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$41CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$34CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$422CurrentTaxYearMinus1YearAmt
Current Tax Year$481CurrentTaxYearAmt
Total$985TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus2 Years$24,184CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$132,387CurrentTaxYearMinus1YearAmt
Total$156,571TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$777,810CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$770,146CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,378,057CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,464,155CurrentTaxYearMinus1YearAmt
Current Tax Year$1,446,423CurrentTaxYearAmt
Total$5,836,591TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.97300PublicSupportCY509Pct
Public Support PY5090.96930PublicSupportPY509Pct
Investment Income CY0.00020InvestmentIncomeCYPct
Investment Income PY0.00010InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationMISCELLANEOUS INCOME - 2021 AMOUNT: $ 24,184. 2022 AMOUNT: $ 132,387.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (1)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$275,177OtherCostOrOtherBasisAmt
Book Value$275,177BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$4,483,922OtherCostOrOtherBasisAmt
Depreciation$1,208,777DepreciationAmt
Book Value$3,275,145BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$418,813OtherCostOrOtherBasisAmt
Depreciation$297,545DepreciationAmt
Book Value$121,268BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,159OtherCostOrOtherBasisAmt
Depreciation$6,668DepreciationAmt
Book Value$2,491BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,674,081TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
OTHER LIABILITIES$26,414
DUE TO AFFILATES$991,597
FieldValueIRS element (for citing)
Total Liability$1,018,011TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART IV, LINE 2B:THE ORGANIZATION MAINTAINS SECURITY DEPOSITS AS REQUIRED BY STATE LAW.
PART X, LINE 2:MPDC AND CERTAIN SUBSIDIARIES, NAMELY, 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, 2023 AND 2022, THERE WAS NO UNRELATED BUSINESS INCOME. 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 ("IRS") OR COMMONWEALTH OF MASSACHUSETTS ADDRESSING ANY SUBSEQUENT YEAR.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (3 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
LESLIE A REID
CHIEF EXECUTIVE OFFICER$0$188,675$0$3,300$0$0$0$1,587$0$25,731$0$219,293$0$0
INTIYA AMBROGI-ISAZA
VICE PRESIDENT REAL ESTATE$0$151,916$0$10,000$0$0$0$6,458$0$20,874$0$189,248$0$0
EVELYN BARNES
CHIEF FINANCIAL OFFICER$0$143,531$0$10,000$0$0$0$6,054$0$10,284$0$169,869$0$0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, LINE 3FormAndLineReferenceDesc
ExplanationMADISON PARK ECONOMIC DEVELOPMENT CORPORATION HAS NO EMPLOYEES. ALL COMPENSATION IS PROVIDED TO EMPLOYEES OF ITS SOLE MEMBER, MADISON PARK DEVELOPMENT CORPORATION. PLEASE REFER TO MPDC'S FORM 990 FOR COMPENSATION INFORMATION AND DECISION MAKING.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 3THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO ITS MANAGEMENT AGENT MADISON PARK DEVELOPMENT CORPORATION.
FORM 990, PART VI, SECTION A, LINE 6MADISON PARK DEVELOPMENT CORPORATION IS THE SOLE MEMBER OF MADISON PARK ECONOMIC DEVELOPMENT CORPORATION.
FORM 990, PART VI, SECTION A, LINE 7AMADISON PARK DEVELOPMENT CORPORATION, AS SOLE MEMBER OF MADISON PARK ECONOMIC DEVELOPMENT CORPORATION, HAS POWER TO ELECT THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11BTHE FORM 990 IS REVIEWED PRIOR TO ISSUANCE BY THE FINANCE COMMITTEE AND THE FULL BOARD IS PROVIDED A COMPLETE COPY OF THE FORM 990 PRIOR TO FILING.
FORM 990, PART VI, SECTION B, LINE 12CEACH 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 19THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9:CHANGES RELATED TO DISREGARDED ENTITIES 268,421.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
DEWITT COMMUNITY CENTER LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043126706RENTAL REAL ESTATEMA$205,096$379,202MPEDC
MADISON HIBERIAN HALL LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043126706RENTAL REAL ESTATEMA$75,356$162,646MPEDC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
MADISON PARK DEVELOPMENT CORPORATION
184 DUDLEY STREET SUITE 102ROXBURYMA02119237164223AFFORDABLE HOUSINGMA501(C)(3)LINE 10N/A0
MADISON PARK HOUSING CORPORATION
184 DUDLEY STREET SUITE 102ROXBURYMA02119042743779AFFORDABLE HOUSINGMA501(C)(3)LINE 100MPDC
LOWER ROXBURY COMMUNITY CORPORATION
184 DUDLEY STREET SUITE 102ROXBURYMA02119237011408AFFORDABLE HOUSINGMA501(C)(3)LINE 100MPDC

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (13 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtPredominant Income TypePredominantIncomeTypeTxtOwnershipOwnershipPct
ADAMS ORCHARD LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119043428515RENTAL REAL ESTATEMAN/A0Yes (1)
BERYL GARDENS LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119043293229RENTAL REAL ESTATEMAN/A00
DUDLEY GREENVILLE LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119272754424RENTAL REAL ESTATEMAN/A00
MADISON BOTOLPH II LP
184 DUDLEY STREET SUITE 102ROXBURYMA02119364796660RENTAL REAL ESTATEMAN/A00
MADISON HAYNES LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119831853112RENTAL REAL ESTATEMAN/A0Yes (1)
MADISON MELNEA CASS LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119821769920RENTAL REAL ESTATEMAN/A0Yes (1)
MADISON PARK IV 2011 LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119453459053RENTAL REAL ESTATEMAN/A00
MADISON TRINITY LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119043339768RENTAL REAL ESTATEMAN/A0Yes (1)
MPIII TOWNHOMES LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119473681685RENTAL REAL ESTATEMAN/A00
RUGGLES SHAWMUT HOUSING LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119202182768RENTAL REAL ESTATEMAN/A0Yes (1)
SCHOOL HOUSE BROOKLEDGE CUMMINS LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMA0Yes (1)SCHOOLHOUSE B C MADISON PARK AND EAF LLCRELATED0.00010
SCHOOL HOUSE KENILWORTH WILLIAMS LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMAN/A0Yes (1)
SMITH SENIOR RESIDENCES LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119320494148RENTAL REAL ESTATEMAN/A00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (13 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
ADAMS ORCHARD INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043428514RENTAL REAL ESTATEMAN/AC0
BERYL GARDENS COOPERATIVE CORPORATION
184 DUDLEY STREET SUITE 102ROXBURYMA02119043296338RENTAL REAL ESTATEMAN/AC0
BERYL GARDENS INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043293227RENTAL REAL ESTATEMAN/AC0
DUDLEY GREENVILLE MM LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119272754424RENTAL REAL ESTATEMAN/AC0
MADISON BOTOLPH GP INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119462310065RENTAL REAL ESTATEMAN/AC0
MADISON HAYNES MM LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119831836890RENTAL REAL ESTATEMAN/AC0
MADISON MELNEA CASS MM LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119821755853RENTAL REAL ESTATEMAN/AC0
MADISON PARK IV GP LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119453261293RENTAL REAL ESTATEMAN/AC0
MPIII TOWNHOMES MM LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119473661174RENTAL REAL ESTATEMAN/AC0
MTV INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043339765RENTAL REAL ESTATEMAN/AC0
SCHOOLHOUSE B C MADISON PARK AND EAF LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMAN/AC0
SCHOOLHOUSE K W MADISON PARK AND EAF LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMAN/AC0
SMITH SENIOR RESIDENCES MM LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119812393714RENTAL REAL ESTATEMAN/AC0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd