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MADISON PARK ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
MADISON PARK ECONOMIC DEVELOPMENT CORPORATION (EIN 04-3126706)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-10-12
IRS object ID
202002869349300740
Schema version
2019v5.1
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)
Return2020-10-12T10:36:07-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Begin2019-01-01TaxPeriodBeginDt

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)
PersonKEVIN J REILLYPersonNm
Person TitleCFOPersonTitleTxt
Phone6175413900PhoneNum
Signature2020-10-09SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLORI ROTHE YOKOBOSKY CPAPreparerPersonNm
PTINP01273422PTIN
Phone6176481400PhoneNum
Preparation2020-09-22PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.59.242.36IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-10-09IPDt
IP Tm16:48:31IPTm
IP TimezoneEDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id3A16AF227DFFBEB6A54D665AEE301AB9EC7A606CAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJEANNE PINADOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1184 DUDLEY STREETAddressLine1Txt
CityROXBURYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02119ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$777,810GrossReceiptsAmt
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 Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$726,325PYProgramServiceRevenueAmt
CY Program Service Revenue$777,769CYProgramServiceRevenueAmt
PY Investment Income-$242,469PYInvestmentIncomeAmt
CY Investment Income$41CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$483,856PYTotalRevenueAmt
CY Total Revenue$777,810CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
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$857,030PYOtherExpensesAmt
CY Other Expenses$896,537CYOtherExpensesAmt
PY Total Expenses$857,030PYTotalExpensesAmt
CY Total Expenses$896,537CYTotalExpensesAmt
PY Revenues Less Expenses-$373,174PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$118,727CYRevenuesLessExpensesAmt
Total Assets BOY$4,200,306TotalAssetsBOYAmt
Total Assets EOY$4,245,212TotalAssetsEOYAmt
Total Liabilities BOY$3,802,952TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,966,585TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$397,354NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$278,627NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE SUPPORT FOR ECONOMIC REVITALIZATION IN THE ROXBURY, MASSACHUSETTS AREA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$896,537ExpenseAmt
Revenue$777,769RevenueAmt
DescTO PROVIDE TECHNOLOGY-BASED EDUCATION AND TRAINING TO ENHANCE THEPROFESSIONAL, INTELLECTUAL AND SOCIAL CAPABILITIES OF THOSE ITSERVES.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
DescHIBERNIAN HALL IS RENTED TO AN AFFILIATE NON-PROFIT ENTITY TOPROMOTE ECONOMIC REVILTALIZATION AND ALLOW THE AFFILIATE TOPROMOTE, PRODUCE AND PRESENT PERFORMING ARTS PROGRAMS THATCELEBRATE THE MULTI-CULTURAL HERITAGE OF ROXBURY.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$896,537TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying Activities0LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
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 Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
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 Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
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 Line1JEANNE PINADOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone6178496220PhoneNum

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
ELMER FREEMAN
DIRECTOR1.003.00Yes (X)$0$0$0
ERIC HALL
DIRECTOR1.003.00Yes (X)$0$0$0
GLORIA E BROOKS
DIRECTOR1.003.00Yes (X)$0$0$0
IVELISE RIVERA
VICE PRESIDENT1.003.00Yes (X)$0$0$0Yes (X)
KARLEEN P PORCENA
DIRECTOR1.003.00Yes (X)$0$0$0
LISA MORISHANTI
PRESIDENT1.003.00Yes (X)$0$0$0Yes (X)
MALIK AZIZ
DIRECTOR1.003.00Yes (X)$0$0$0
NINA RUFF
SECRETARY1.003.00Yes (X)$0$0$0Yes (X)
ROBERT L TERRELL
DIRECTOR1.003.00Yes (X)$0$0$0
ROGER CARTER
TREASURER1.003.00Yes (X)$0$0$0Yes (X)
SONRISA HAYNES
DIRECTOR1.003.00Yes (X)$0$0$0
JEANNE M PINADO
CEO/ASST TREASURER1.0042.00$0$221,169$15,545Yes (X)
KEVIN J REILLY
CFO1.0042.00$0$169,246$24,542Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$390,415TotReportableCompRltdOrgAmt
Total Other Compensation$40,087TotalOtherCompensationAmt
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

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescRENTAL INCOMEDesc
Business531110BusinessCd
Total Revenue Column$777,769TotalRevenueColumnAmt
Related Or Exempt Func Income$777,769RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$777,769TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$41TotalRevenueColumnAmt
Exclusion$41ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$777,810TotalRevenueColumnAmt
Related Or Exempt Func Income$777,769RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$41ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$69,197TotalAmt
Program Services$69,197ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,215TotalAmt
Program Services$2,215ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$3,219TotalAmt
Program Services$3,219ProgramServicesAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$23,590TotalAmt
Program Services$23,590ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,858TotalAmt
Program Services$2,858ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$298,973TotalAmt
Program Services$298,973ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$103,333TotalAmt
Program Services$103,333ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$178,800TotalAmt
Program Services$178,800ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,761TotalAmt
Program Services$17,761ProgramServicesAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
OPERATING EXPENSES$191,301$191,301
MAINTENANCE EXPENSE$5,290$5,290

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$896,537TotalAmt
Program Services$896,537ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$342,484BOYAmt
EOY$322,468EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$23,116BOYAmt
EOY$13,578EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,656,779LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$759,903LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,823,437BOYAmt
EOY$3,896,876EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$11,269BOYAmt
EOY$12,290EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,200,306BOYAmt
EOY$4,245,212EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$61,490BOYAmt
EOY$33,424EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,831,427BOYAmt
EOY$3,013,980EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$910,035BOYAmt
EOY$919,181EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$3,802,952BOYAmt
EOY$3,966,585EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$397,354BOYAmt
EOY$278,627EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$397,354BOYAmt
EOY$278,627EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,200,306BOYAmt
EOY$4,245,212EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$118,727ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
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 Minus3 Years$51,025CurrentTaxYearMinus3YearsAmt
Total$51,025TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$733,198CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$794,441CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$753,439CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$726,325CurrentTaxYearMinus1YearAmt
Current Tax Year$777,769CurrentTaxYearAmt
Total$3,785,172TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$733,198CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$845,466CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$753,439CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$726,325CurrentTaxYearMinus1YearAmt
Current Tax Year$777,769CurrentTaxYearAmt
Total$3,836,197TotalAmt

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$3,836,197PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$24CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$41CurrentTaxYearMinus1YearAmt
Current Tax Year$41CurrentTaxYearAmt
Total$157TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$16CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$24CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$35CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$41CurrentTaxYearMinus1YearAmt
Current Tax Year$41CurrentTaxYearAmt
Total$157TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$733,214CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$845,490CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$753,474CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$726,366CurrentTaxYearMinus1YearAmt
Current Tax Year$777,810CurrentTaxYearAmt
Total$3,836,354TotalAmt
FieldValueIRS element (for citing)
Public Support CY5091.00000PublicSupportCY509Pct
Public Support PY5090.99990PublicSupportPY509Pct
Investment Income CY0.00000InvestmentIncomeCYPct
Investment Income PY0.00010InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule D IRS990ScheduleD

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$3,430,467OtherCostOrOtherBasisAmt
Depreciation$596,166DepreciationAmt
Book Value$2,834,301BookValueAmt

Leasehold Improvements LeaseholdImprovementsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$788,402OtherCostOrOtherBasisAmt
Depreciation$105,581DepreciationAmt
Book Value$682,821BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$162,733OtherCostOrOtherBasisAmt
Depreciation$58,156DepreciationAmt
Book Value$104,577BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,896,876TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
OTHER LIABILITIES$26,414
DUE TO AFFILATES$863,779
SECURITY DEPOSITS$28,988
FieldValueIRS element (for citing)
Total Liability$919,181TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationMPDC 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, 2019 AND 2018, THERE WAS NO UNRELATED BUSINESS INCOME. TADDITIONAL SUBSIDIARIES OR AFFILIATES OF MPDC, NAMELY, BERYL GARDENS, INC., BERYL GARDENS COOPERATIVE CORPORATION, DUDLEY GREENVILLE MM LLC, MPIII TOWNHOMES MM LLC, MADISON PARK IV GP LLC, MADISON RUGGLES SHAWMUT, INC., MADISON WILLIAMS MM LLC, HAYNES II, INC., SMITH SENIOR RESIDENCES MM LLC, MADISON HAYNES MM LLC, AND MADISON MELNEA CASS MM LLC, ARE C CORPORATIONS OR LLCS THAT HAVE ELECTED TO BE TAXED AS A CORPORATION THAT ARE SUBJECT TO TAXATION AT THE FEDERAL AND STATE LEVELS. DEFERRED TAXES ARE COMPUTED BASED ON THE DIFFERENCE BETWEEN THE CONSOLIDATED FINANCIAL STATEMENTS AND INCOME TAX BASES OF ASSETS AND LIABILITIES USING ENACTED MARGINAL TAX RATES. AS OF DECEMBER 31, 2019 AND 2018, THE TAX EXPENSE, DEFERRED TAXES AND VALUATION ALLOWANCES WERE IMMATERIAL. BERYL GARDENS LIMITED PARTNERSHIP, HAYNES HOUSE ASSOCIATES II LIMITED PARTNERSHIP, MPIV 2011 LIMITED PARTNERSHIP, AND MBII LP, ARE PARTNERSHIPS AND ALL TAXABLE INCOME AND LOSSES ARE ALLOCATED TO THE PARTNERS. DUDLEY GREENVILLE LLC, MADISON WILLIAMS LLC, MPIII TOWNHOMES LLC, SMITH SENIOR RESIDENCES LLC, RUGGLES SHAWMUT HOUSING LLC, MADISON MELNEA CASS LLC AND MADISON HAYNES LLC ARE LIMITED LIABILITY COMPANIES AND ALL TAXABLE INCOME AND LOSSES ARE ALLOCATED TO THE MEMBERS. MADISON BARD LLC, MADISON SCHOOL HOUSE LLC, MADISON TROPICAL LLC, MADISON TROPICAL MARKET LLC, MADISON GATEWAY LLC, P10 DEVELOPMENT SERVICES LLC AND 2451 WASHINGTON LLC ARE LIMITED LIABILITY COMPANIES AND ALL TAXABLE INCOME AND LOSSES ARE ALLOCATED TO MPDC AS THE SOLE MEMBER. MADISON WASHINGTON II LLC AND LRCC MAINTENANCE LLC ARE LIMITED LIABILITY COMPANIES AND ALL TAXABLE INCOME AND LOSSES ARE ALLOCATED TO LOWER ROXBURY COMMUNITY CORPORATION AS THE SOLE MEMBER. MADISON HIBERNIAN HALL LLC, LRCC LEASING LLC, LRCC HOLDINGS LLC AND DEWITT COMMUNITY CENTER LLC ARE LIMITED LIABILITY COMPANIES AND ALL TAXABLE INCOME AND LOSSES ARE ALLOCATED TO MADISON PARK ECONOMIC DEVELOPMENT CORPORATION AS THE SOLE MEMBER. NO PROVISION OR BENEFIT FOR INCOME TAXES HAS BEEN INCLUDED IN THESE FINANCIAL STATEMENTS FOR ANY OF THESE ENTITIES SINCE THE LIMITED LIABILITY COMPANIES' NET TAXABLE PROFIT OR LOSS IS PASSED THROUGH TO THE INDIVIDUAL MEMBERS AND THE PARTNERSHIPS' INCOME OR THE LOSS IS PASSED THROUGH TO ITS PARTNERS. 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.ExplanationTxt

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 (2 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
JEANNE M PINADO
CEO/ASST TREASURER$0$221,169$0$0$0$0$0$0$0$15,545$0$236,714$0$0
KEVIN J REILLY
CFO$0$169,246$0$0$0$0$0$0$0$24,542$0$193,788$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 WHO THEN MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS TO APPROVE FOR 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 XII, LINE 2CTHE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
MADISON HIBERIAN HALL LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMA$58,953$514,371MPEDC
LRCC LEASING LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMA$56,596-$83,964MPEDC
LRCC HOLDINGS LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMA$0$0MPEDC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 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 11N/A0
MADISON PARK HOUSING CORPORATION
184 DUDLEY STREET SUITE 102ROXBURYMA02119042743779AFFORDABLE HOUSINGMA501(C)(3)LINE 110MPDC
LOWER ROXBURY COMMUNITY CORPORATION
184 DUDLEY STREET SUITE 102ROXBURYMA02119237011408AFFORDABLE HOUSINGMA501(C)(3)LINE 110MPDC
ORCHARD GARDENS RESIDENT ASSOCIATION INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119042867846AFFORDABLE HOUSINGMA501(C)(3)LINE 110MPDC

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (10 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACd
ADAMS ORCHARD LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119043428515RENTAL REAL ESTATEMAN/A
BERYL GARDENS LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119043293229RENTAL REAL ESTATEMAN/A
DUDLEY GREENVILLE LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119272754424RENTAL REAL ESTATEMAN/A
HAYNES HOUSE II LP
184 DUDLEY STREET SUITE 102ROXBURYMA02119043231123RENTAL REAL ESTATEMAN/A
MADISON BOTOLPH II LP
184 DUDLEY STREET SUITE 102ROXBURYMA02119364796660RENTAL REAL ESTATEMAN/A
MADISON PARK IV 2011 LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119453459053RENTAL REAL ESTATEMAN/A
MADISON TRINITY LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119043339768RENTAL REAL ESTATEMAN/A
MPIII TOWNHOMES LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119473681685RENTAL REAL ESTATEMAN/A
RUGGLES SHAWMUT HOUSING LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119202182768RENTAL REAL ESTATEMAN/A
SMITH SENIOR RESIDENCES LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119320494148RENTAL REAL ESTATEMAN/A

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (14 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
HAYNES II INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043220498RENTAL REAL ESTATEMAN/AC0
LOWER ROXBURY MANAGEMENT CORPORATION
184 DUDLEY STREET SUITE 102ROXBURYMA02119042628306RENTAL REAL ESTATEMAN/AC0
MADISON BOTOLPH GP INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119462310065RENTAL REAL ESTATEMAN/AC0
MADISON DAVENPORT INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043428521RENTAL REAL ESTATEMAN/AC0
MADISON PARK IV GP LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119453261293RENTAL REAL ESTATEMAN/AC0
MADISON RUGGLES SHAWMUT INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119651251191RENTAL 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
SMITH II INC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043293223RENTAL 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 Org0LoansOrGuaranteesFromOthOrgInd
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 Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd