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MADISON PARK ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
MADISON PARK ECONOMIC DEVELOPMENT CORPORATION (EIN 04-3126706)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-11-14
IRS object ID
201703189349302715
Schema version
2016v3.0
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)
Return2017-11-14T09:17:55-06:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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)
PersonGayle HarroldPersonNm
Person TitleCEOPersonTitleTxt
Phone6175413900PhoneNum
Signature2017-11-13SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLEONARD J BERKOWITZPreparerPersonNm
PTINP00872822PTIN
Phone6176481400PhoneNum

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address209.3.217.20IPv4AddressTxt
FieldValueIRS element (for citing)
IP2017-11-13IPDt
IP Tm12:32:19IPTm
IP TimezoneESIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device IdDA39A3EE5E6B4B0D3255BFEF95601890AFD80709AtSubmissionCreationDeviceId
At Submission Filing Device Id4FA2AEB2F2920BD945A96D8753017EDDD99C4CBBAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2017-02-10 21:41:12ZBuildTS

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$845,490GrossReceiptsAmt
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 Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$51,025CYContributionsGrantsAmt
PY Program Service Revenue$733,198PYProgramServiceRevenueAmt
CY Program Service Revenue$794,441CYProgramServiceRevenueAmt
PY Investment Income$16PYInvestmentIncomeAmt
CY Investment Income$24CYInvestmentIncomeAmt
PY Other Revenue$138,726PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$871,940PYTotalRevenueAmt
CY Total Revenue$845,490CYTotalRevenueAmt
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$671,166PYOtherExpensesAmt
CY Other Expenses$732,530CYOtherExpensesAmt
PY Total Expenses$671,166PYTotalExpensesAmt
CY Total Expenses$732,530CYTotalExpensesAmt
PY Revenues Less Expenses$200,774PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$112,960CYRevenuesLessExpensesAmt
Total Assets BOY$3,529,262TotalAssetsBOYAmt
Total Assets EOY$3,514,083TotalAssetsEOYAmt
Total Liabilities BOY$2,847,777TotalLiabilitiesBOYAmt
Total Liabilities EOY$2,719,638TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$681,485NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$794,445NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE SUPPORT FOR ECONOMIC REVITALIZATION IN THE ROXBURY, MASSACHUSETTS AREA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$191,084ExpenseAmt
Grant$51,025GrantAmt
Revenue$180,000RevenueAmt
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)
Expense$541,446ExpenseAmt
Revenue$614,441RevenueAmt
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$732,530TotalProgramServiceExpensesAmt
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 Counseling0CreditCounselingInd
Temp Or Permanent Endowments0TempOrPermanentEndowmentsInd
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 With Officer Ent0BusinessRlnWithOfficerEntInd
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
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 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 (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
ayanna hines
director1.003.00Yes (X)$0$0$0
dion irish
director1.003.00Yes (X)$0$0$0
Elmer Freeman
director1.003.00Yes (X)$0$0$0
Ivelise Rivera
President1.003.00Yes (X)$0$0$0Yes (X)
JEANNE M PINADO
CEO/Asst Treasurer3.0040.00Yes (X)$211,323$0$26,431Yes (X)
Lisa Morishanti
Vice President1.003.00Yes (X)$0$0$0Yes (X)
Malik aziz
director1.003.00Yes (X)$0$0$0
matthew camp
Treasurer1.003.00Yes (X)$0$0$0Yes (X)
Milton Irving
Director1.003.00Yes (X)$0$0$0
nina ruff
Secretary/Clerk1.003.00Yes (X)$0$0$0Yes (X)
Sonrisa Haynes
director1.003.00Yes (X)$0$0$0
Brooke E Woodson
assistant secretary3.0040.00$123,215$0$20,391Yes (X)
gayle harrold
cfo/assistant treasurer3.0040.00$159,300$0$29,019Yes (X)
russell tanner
Vice President of Real Estate1.0040.00$208,600$0$25,504Yes (X)
Brian Pilcher
Senior asset Manager1.0040.00$122,270$0$4,637Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$824,708TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$105,982TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K5IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$51,025AllOtherContributionsAmt
Total Contributions$51,025TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531110$614,441$614,441
PROGRAM AND CONTRACT R531390$180,000$180,000
FieldValueIRS element (for citing)
Total Program Service Revenue$794,441TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$24TotalRevenueColumnAmt
Exclusion$24ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$845,490TotalRevenueColumnAmt
Related Or Exempt Func Income$794,441RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$24ExclusionAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$82,357TotalAmt
Program Services$82,357ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,453TotalAmt
Program Services$23,453ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$2,784TotalAmt
Program Services$2,784ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$77,070TotalAmt
Program Services$77,070ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$110,665TotalAmt
Program Services$110,665ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$108,449TotalAmt
Program Services$108,449ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$17,287TotalAmt
Program Services$17,287ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
MAINTENANCE EXPENSE$127,875$127,875
REAL ESTATE TAXES$78,116$78,116
PROGRAM EXPENSES$75,980$75,980
SALARIES AND BENEFITS$26,863$26,863

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,631TotalAmt
Program Services$1,631ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$732,530TotalAmt
Program Services$732,530ProgramServicesAmt
Management And General$0ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$266,171BOYAmt
EOY$240,670EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$60,455BOYAmt
EOY$49,272EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$4,583BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,597,481LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$379,700LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,124,191BOYAmt
EOY$3,217,781EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$73,862BOYAmt
EOY$6,360EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,529,262BOYAmt
EOY$3,514,083EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$60,911BOYAmt
EOY$32,854EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,781,766BOYAmt
EOY$2,672,390EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,100BOYAmt
EOY$14,394EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,847,777BOYAmt
EOY$2,719,638EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$681,485BOYAmt
EOY$794,445EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$681,485BOYAmt
EOY$794,445EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,529,262BOYAmt
EOY$3,514,083EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$112,960ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
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 Minus4 Years$302,598CurrentTaxYearMinus4YearsAmt
Current Tax Year$51,025CurrentTaxYearAmt
Total$353,623TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$257,422CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$667,968CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$710,489CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$733,198CurrentTaxYearMinus1YearAmt
Current Tax Year$794,441CurrentTaxYearAmt
Total$3,163,518TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$560,020CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$667,968CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$710,489CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$733,198CurrentTaxYearMinus1YearAmt
Current Tax Year$845,466CurrentTaxYearAmt
Total$3,517,141TotalAmt

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$3,517,141PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$76CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$621CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$249CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$16CurrentTaxYearMinus1YearAmt
Current Tax Year$24CurrentTaxYearAmt
Total$986TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$76CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$621CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$249CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$16CurrentTaxYearMinus1YearAmt
Current Tax Year$24CurrentTaxYearAmt
Total$986TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$560,096CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$668,589CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$710,738CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$733,214CurrentTaxYearMinus1YearAmt
Current Tax Year$845,490CurrentTaxYearAmt
Total$3,518,127TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.99970PublicSupportCY509Pct
Public Support PY5090.99960PublicSupportPY509Pct
Investment Income CY0.00030InvestmentIncomeCYPct
Investment Income PY0.00040InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

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

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$325,177OtherCostOrOtherBasisAmt
Book Value$325,177BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,174,936OtherCostOrOtherBasisAmt
Depreciation$328,325DepreciationAmt
Book Value$2,846,611BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$97,368OtherCostOrOtherBasisAmt
Depreciation$51,375DepreciationAmt
Book Value$45,993BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,217,781TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp

FieldValueIRS element (for citing)
DescOTHER LIABILITIESDesc
Amt$14,394Amt
FieldValueIRS element (for citing)
Total Liability$14,394TotalLiabilityAmt
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, 2016 AND 2015, THERE WAS NO UNRELATED BUSINESS INCOME. ADDITIONAL 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, SMITH II INC., AND SMITH SENIOR RESIDENCES 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 FINANCIAL STATEMENTS AND INCOME TAX BASIS OF ASSETS AND LIABILITIES USING ENACTED MARGINAL TAX RATES. AS OF DECEMBER 31, 2016 AND 2015, THE TAX EXPENSE, DEFERRED TAXES, AND VALUATION ALLOWANCES ARE IMMATERIAL. Beryl Gardens Limited Partnership, Haynes House Associates II Limited Partnership, Madison Park III Associates Limited Partnership, MPIV 2011 Limited Partnership, MBII LP, and Smith House II Limited Partnership 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 and Ruggles Shawmut Housing 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 Williams LLC (in 2015), Madison Gateway LLC, P10 Development Services LLC, Madison Property Development 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 (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
JEANNE M PINADO
CEO/Asst Treasurer$184,123$0$27,200$0$0$0$0$0$26,431$0$237,754$0$0$0
gayle harrold
cfo/assistant treasurer$145,500$0$13,800$0$0$0$0$0$29,019$0$188,319$0$0$0
russell tanner
Vice President of Real Estate$183,600$0$25,000$0$0$0$0$0$25,504$0$234,104$0$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 (6 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.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (16 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
2451 Washington LLC
184 Dudley Street Suite 102roxburyMA02119203909215developmentMAN/A
2451 Washington LLC
184 Dudley Street Suite 102RoxburyMA02119203909215Real EstateMAN/A
Haynes House MM LLC
184 Dudley Street Suite 102RoxburyMA02119454287355Real EstateMAN/A
LRCC Holdings LLC
184 Dudley Street Suite 102RoxburyMA02119474344198Real EstateMAN/A
lrcc leasing llc
184 Dudley Street Suite 102roxburyMA02119812037456real EstateMAN/A
LRCC Maintenance
184 Dudley Street Suite 102RoxburyMA02119814093166Real EstateMAN/A
Madison Bard LLC
184 Dudley Street Suite 102RoxburyMA02119273060171Real EstateMAN/A
Madison Gateway LLC
184 Dudley Street Suite 102RoxburyMA02119463359675Real EstateMAN/A
Madison Hibernian Hall LLC
184 Dudley StreetRoxburyMA02119461172886Community CenterMA$72,995$3,197,937MPEDC
Madison Property Development LLC
184 DUDLEY STREET SUITE 102RoxburyMA02119270366179Real EstateMAN/A
Madison Schoolhouse LLC
184 Dudley Street Suite 102RoxburyMA02119261591413Real EstateMAN/A
madison tropical LLC
184 Dudley Street Suite 102roxburyMA02119452804996real EstateMAN/A
Madison Tropical markets LLC
184 Dudley Street Suite 102RoxburyMA02119463342679Real EstateMAN/A
Madison Tropical Markets LLC
184 Dudley Street Suite 102RoxburyMA02119463342679Real EstateMAN/A
Madison Washington II LLC
184 Dudley Street Suite 102RoxburyMA02119208135439Real EstateMAN/A
P10 Development Services LLC
184 Dudley Street Suite 102RoxburyMA02119364748875Real EstateMAN/A

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 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
Orchard Gardens Resident Association Inc
184 Dudley Street Suite 102roxburyMA02119042867846affordable HousingMA501(c)(3)Line 100mpdC

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (16 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
SCHOOL HOUSE KENILWORTH WILLIAM
536 Granite StreetBraintreeMA02184261599834Rental Real EstateMAN/A00
School House Brookledge Cummins LP
536 Granite StreetBraintreeMA02184261599765Rental Real EstateMAN/A00
Interfaith Housing Developers LLC
184 Dudley Street Suite 102RoxburyMA02119161644819Rental Real EstateMAN/A00
Madison Trinity Limited Partnership
184 Dudley Street Suite 102RoxburyMA02119043339768Rental Real EstateMAN/A00
Adams Orchard Limited Partnership
184 Dudley Street Suite 102RoxburyMA02119043428515Rental Real EstateMAN/A00
Madison Park III Associates LP
184 Dudley Street Suite 102RoxburyMA02119042626724Rental Real EstateMAN/A00
Haynes House II LP
184 Dudley Street Suite 102RoxburyMA02119043231123Rental Real EstateMAN/A00
Beryl Gardens Limited Partnership
184 Dudley Street Suite 102RoxburyMA02119043293229Rental Real EstateMAN/A00
Smith House II Limited Partnership
184 Dudley Street Suite 102RoxburyMA02119043293225Rental Real EstateMAN/A00
Ruggles Shawmut Housing LLC
184 Dudley Street Suite 102RoxburyMA02119202182768Rental Real EstateMAN/A00
Dudley Greenville LLC
184 Dudley Street Suite 102RoxburyMA02119272754424Rental Real EstateMAN/A00
Madison Park IV 2011 LP
184 Dudley Street Suite 102RoxburyMA02119453459053Rental Real EstateMAN/A00
Madison Botolph II LP
184 Dudley Street Suite 102RoxburyMA02119364796660Rental Real EstateMAN/A00
mpIII townhomes llc
184 Dudley Street Suite 102roxburyMA02119473681685Rental Real EstateMAN/A00
Madison Williams LLC
184 Dudley Street Suite 102roxburyMA02119463342757rental Real EstateMAN/A00
Smith Senior Residences LLC
184 Dudley Street Suite 102roxburyMA02119320494148rental Real EstateMAN/A00

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (18 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
LOWER ROXBURY MANAGEMENT CORPORATION
184 Dudley Street Suite 102RoxburyMA02119042628306Rental Real EstateMAN/AC0
Haynes II Inc
184 Dudley Street Suite 102RoxburyMA02119043220498Rental Real EstateMAN/AC0
Beryl Gardens Inc
184 Dudley Street Suite 102RoxburyMA02119043293227Rental Real EstateMAN/AC0
Smith II Inc
184 Dudley Street Suite 102RoxburyMA02119043293223Rental Real EstateMAN/AC0
Beryl Gardens Cooperative Corporation
184 Dudley Street Suite 102RoxburyMA02119043296338Rental Real EstateMAN/AC0
Madison Ruggles Shawmut Inc
184 Dudley Street Suite 102RoxburyMA02119651251191Rental Real EstateMAN/AC0
Interfaith Housing Developers
184 Dudley Street Suite 102RoxburyMA02119161644815Rental Real EstateMAN/AC0
Adams Orchards Inc
184 Dudley Street Suite 102RoxburyMA02119043428514Rental Real EstateMAN/AC0
MTV Inc
184 Dudley Street Suite 102RoxburyMA02119043339765Rental Real EstateMAN/AC0
Madison Davenport Inc
184 Dudley Street Suite 102RoxburyMA02119043428521Rental Real EstateMAN/AC0
School House K W Madison Park and EAF LLC
536 Granite StreetBraintreeMA02184261599663Rental Real EstateMAN/AC0
School House B C Madison Park EAF Genera
536 Granite StreetBraintreeMA02184261599595Rental Real EstateMAN/AC0
Dudley Greenville MM LLC
184 Dudley Street Suite 102RoxburyMA02119451232440Rental Real EstateMAN/AC0
Madison Park IV GP LLC
184 Dudley Street Suite 102RoxburyMA02119453261293Rental Real EstateMAN/AC0
Madison Botolph GP Inc
184 Dudley Street Suite 102RoxburyMA02119462311065Rental Real EstateMAN/AC0
MPiii TOWNHOMES MM LLC
184 Dudley Street Suite 102RoxburyMA02119473661174Rental Real EstateMAN/AC0
Smith Senior residences MM LLC
184 Dudley Street Suite 102roxburyMA02119812393714rental Real EstateMAN/AC0
Madison Williams MM LLC
184 Dudley Street Suite 102roxburyMA02119811642613rental 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 Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1RESIDENTIAL LPSBusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypeLTransactionTypeTxt
Involved$163,200InvolvedAmt
Method Of Amount DeterminationCostMethodOfAmountDeterminationTxt