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MADISON PARK ECONOMIC DEVELOPMENT CORPORATION: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
MADISON PARK ECONOMIC DEVELOPMENT CORPORATION (EIN 04-3126706)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-11-06
IRS object ID
202543109349302124
Schema version
2024v5.2
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)
Return2025-11-06T11:14:46-06:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN333709623PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1COHNREZNICK ADVISORY LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1ONE POST OFFICE SQUARE SUITE 2950AddressLine1Txt
CityBOSTONCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02109ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

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 PURICELLIPersonNm
Person TitleCHIEF FINANCIAL OFFICERPersonTitleTxt
Phone6175413900PhoneNum
Signature2025-11-05SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLORI ROTHE YOKOBOSKYPreparerPersonNm
PTINP01273422PTIN
Phone6176481400PhoneNum
Preparation2025-10-29PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerAMANDA PURICELLIPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1184 DUDLEY STREETAddressLine1Txt
CityROXBURYCityNm
State AbbreviationMAStateAbbreviationCd
ZIP02119ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,764,557GrossReceiptsAmt
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 Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers11TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$138,794PYContributionsGrantsAmt
CY Contributions Grants$109,026CYContributionsGrantsAmt
PY Program Service Revenue$1,125,346PYProgramServiceRevenueAmt
CY Program Service Revenue$1,040,836CYProgramServiceRevenueAmt
PY Investment Income$481PYInvestmentIncomeAmt
CY Investment Income$118CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$614,577CYOtherRevenueAmt
PY Total Revenue$1,264,621PYTotalRevenueAmt
CY Total Revenue$1,764,557CYTotalRevenueAmt
PY Grants And Similar Paid$2,208PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$2,054CYGrantsAndSimilarPaidAmt
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$1,552,747PYOtherExpensesAmt
CY Other Expenses$1,639,007CYOtherExpensesAmt
PY Total Expenses$1,554,955PYTotalExpensesAmt
CY Total Expenses$1,641,061CYTotalExpensesAmt
PY Revenues Less Expenses-$290,334PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$123,496CYRevenuesLessExpensesAmt
Total Assets BOY$3,915,880TotalAssetsBOYAmt
Total Assets EOY$3,769,585TotalAssetsEOYAmt
Total Liabilities BOY$4,225,064TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,955,273TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY-$309,184NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY-$185,688NetAssetsOrFundBalancesEOYAmt
MissionTO PROVIDE SUPPORT FOR ECONOMIC REVITALIZATION IN THE ROXBURY, MASSACHUSETTS AREA.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,629,485ExpenseAmt
Grant$2,054GrantAmt
Revenue$1,655,413RevenueAmt
DescTO DEVELOP AND PRESERVE SAFE, AFFORDABLE, AND LOW-INCOME HOUSING TO COMBAT COMMUNITY DETERIORATION BY PROVIDING OR FINANCING BUSINESSES AND NONPROFIT ORGANIZATIONS THAT WOULD BE UNABLE TO OTHERWISE OBTAIN FINANCING. THIS PROMOTES A GENERAL WELCOME OF UNDERSERVED COMMUNITIES, AND ASSISTS IN THE ELIMINATION OF STRUCTURAL RACISM AND DISCRIMINATION AND SUPPORTS MADISON PARK DEVELOPMENT CORPORATION AND ITS AFFILIATES IN THE DEVELOPMENT OF PHYSICAL, ECONOMIC, SOCIAL AND STRUCTURAL REVITALIZATION OF THE ROXBURY NEIGHBORHOOD OF BOSTON, MASSACHUSETTS.Desc
Total Program Service Expenses$1,629,485TotalProgramServiceExpensesAmt
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 Document11IRPDocumentCnt
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 Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
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 (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
AYANNA HINES
PRESIDENT1.003.00Yes (X)Yes (X)$0$0$0
GLORIA BROOKS
VICE PRESIDENT1.003.00Yes (X)Yes (X)$0$0$0
IVELISE RIVERA
TREASURER1.003.00Yes (X)Yes (X)$0$0$0
NINA RUFF
SECRETARY1.003.00Yes (X)Yes (X)$0$0$0
MALIK AZIZ
DIRECTOR1.003.00Yes (X)$0$0$0
SONRISA HAYES
DIRECTOR1.003.00Yes (X)$0$0$0
DWAYNE WATTS
DIRECTOR1.003.00Yes (X)$0$0$0
CHANDA K SMART
DIRECTOR1.003.00Yes (X)$0$0$0
ROBERT L TERRELL
DIRECTOR1.003.00Yes (X)$0$0$0
LISA MORISHANTI
DIRECTOR (UNTIL 7/24)1.003.00Yes (X)$0$0$0
VICTORIA LYNN AWKWARD
DIRECTOR (UNTIL 7/24)1.003.00Yes (X)$0$0$0
LESLIE REID
CHIEF EXECUTIVE OFFICER1.0042.00Yes (X)$0$167,234$21,523
INGRID TUCKER
INTERIM CHIEF EXECUTIVE OFFICER1.0042.00Yes (X)$0$246,330$42,601
INITYA AMBROGI-ISAZA
VICE PRESIDENT OF REAL ESTATE1.0042.00Yes (X)$0$197,203$29,387
EVELYN BARNES
CFO (UNTIL 06/24)1.0042.00Yes (X)$0$56,619$6,035
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$667,386TotReportableCompRltdOrgAmt
Total Other Compensation$99,546TotalOtherCompensationAmt
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
All Other Contributions$109,026AllOtherContributionsAmt
Total Contributions$109,026TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME531110$615,483$615,483
PROGRAM FEES531390$425,353$425,353
FieldValueIRS element (for citing)
Total Program Service Revenue$1,040,836TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$118TotalRevenueColumnAmt
Exclusion$118ExclusionAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescDEBT FORGIVENESSDesc
Business900099BusinessCd
Total Revenue Column$611,794TotalRevenueColumnAmt
Related Or Exempt Func Income$611,794RelatedOrExemptFuncIncomeAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,783TotalRevenueColumnAmt
Related Or Exempt Func Income$2,783RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$614,577OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,764,557TotalRevenueColumnAmt
Related Or Exempt Func Income$1,655,413RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$118ExclusionAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$2,054TotalAmt
Program Services$2,054ProgramServicesAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$400,544TotalAmt
Program Services$400,544ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,779TotalAmt
Program Services$3,779ProgramServicesAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$11,576TotalAmt
Management And General$11,576ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$48,731TotalAmt
Program Services$48,731ProgramServicesAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$50,044TotalAmt
Program Services$50,044ProgramServicesAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$21,087TotalAmt
Program Services$21,087ProgramServicesAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$466,307TotalAmt
Program Services$466,307ProgramServicesAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$92,791TotalAmt
Program Services$92,791ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$164,948TotalAmt
Program Services$164,948ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$92,399TotalAmt
Program Services$92,399ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
OPERATING EXPENSES$196,757$196,757
MAINTENANCE EXPENSE$62,364$62,364
PROGRAM SUPPLIES$24,373$24,373
FILING FEES$1,268$1,268

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$2,039TotalAmt
Program Services$2,039ProgramServicesAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$1,641,061TotalAmt
Program Services$1,629,485ProgramServicesAmt
Management And General$11,576ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$147,028BOYAmt
EOY$204,521EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$79,394BOYAmt
EOY$18,773EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$5,035,504LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$1,501,417LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,674,081BOYAmt
EOY$3,534,087EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$15,377BOYAmt
EOY$12,204EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,915,880BOYAmt
EOY$3,769,585EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$679,375BOYAmt
EOY$321,790EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$75BOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$2,527,603BOYAmt
EOY$2,271,569EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,018,011BOYAmt
EOY$1,361,914EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,225,064BOYAmt
EOY$3,955,273EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY-$309,184BOYAmt
EOY-$185,688EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY-$309,184BOYAmt
EOY-$185,688EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,915,880BOYAmt
EOY$3,769,585EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$123,496ReconcilationRevenueExpnssAmt
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 Minus3 Years$184,152CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$148,140CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$138,794CurrentTaxYearMinus1YearAmt
Current Tax Year$109,026CurrentTaxYearAmt
Total$580,112TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$770,112CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,169,714CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,183,206CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,125,346CurrentTaxYearMinus1YearAmt
Current Tax Year$1,040,836CurrentTaxYearAmt
Total$5,289,214TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$770,112CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,353,866CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,331,346CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,264,140CurrentTaxYearMinus1YearAmt
Current Tax Year$1,149,862CurrentTaxYearAmt
Total$5,869,326TotalAmt

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$5,869,326PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$422CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$481CurrentTaxYearMinus1YearAmt
Current Tax Year$118CurrentTaxYearAmt
Total$1,062TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$34CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$422CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$481CurrentTaxYearMinus1YearAmt
Current Tax Year$118CurrentTaxYearAmt
Total$1,062TotalAmt

Other Income509 OtherIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$24,184CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$132,387CurrentTaxYearMinus2YearsAmt
Current Tax Year$614,577CurrentTaxYearAmt
Total$771,148TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$770,146CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$1,378,057CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,464,155CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,264,621CurrentTaxYearMinus1YearAmt
Current Tax Year$1,764,557CurrentTaxYearAmt
Total$6,641,536TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.88370PublicSupportCY509Pct
Public Support PY5090.97300PublicSupportPY509Pct
Investment Income CY0.00020InvestmentIncomeCYPct
Investment Income PY0.00020InvestmentIncomePYPct
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. 2024 AMOUNT: $ 2,783. DEBT FORGIVENESS - 2024 AMOUNT: $ 611,794.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee Etc0AgentTrusteeEtcInd
Incl Escrow Custodial Acct Liab0InclEscrowCustodialAcctLiabInd

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$4,506,218OtherCostOrOtherBasisAmt
Depreciation$1,346,811DepreciationAmt
Book Value$3,159,407BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$250,791OtherCostOrOtherBasisAmt
Depreciation$152,672DepreciationAmt
Book Value$98,119BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,318OtherCostOrOtherBasisAmt
Depreciation$1,934DepreciationAmt
Book Value$1,384BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,534,087TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)

DescDescAmtAmt
OTHER LIABILITIES$26,414
DUE TO AFFILATES$1,335,500
FieldValueIRS element (for citing)
Total Liability$1,361,914TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationMPDC AND CERTAIN SUBSIDIARIES 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, 2024 AND 2023, 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. CERTAIN SUBSIDIARIES ARE SINGLE-MEMBER LIMITED LIABILITY COMPANIES WHICH ARE NOT RECOGNIZED FOR FEDERAL INCOME TAX PURPOSES. 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.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentYes (1)SeverancePaymentInd
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
INGRID TUCKER
INTERIM CHIEF EXECUTIVE OFFICER$0$226,720$0$19,610$0$0$0$10,263$0$32,338$0$288,931$0$0
INITYA AMBROGI-ISAZA
VICE PRESIDENT OF REAL ESTATE$0$191,203$0$6,000$0$0$0$8,207$0$21,180$0$226,590$0$0
LESLIE REID
CHIEF EXECUTIVE OFFICER$0$137,234$0$0$0$30,000$0$5,659$0$15,864$0$188,757$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 3THE ORGANIZATION'S CEO IS COMPENSATED BY MADISON PARK DEVELOPMENT CORPORATION, A RELATED ENTITY. THIS ENTITY USES THE FOLLOWING METHODS TO ESTABLISH COMPENSATION: - INDEPENDENT COMPENSATION CONSULTANT - FORM 990 OF OTHER ORGANIZATIONS - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE
PART I, LINE 4ALESLIE REED RECEIVED SEVERANCE COMPENSATION FOR $30,000 DURING CALENDAR YEAR 2024.

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 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.

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$640,290$533,911MPEDC
MADISON HIBERIAN HALL LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119043126706RENTAL REAL ESTATEMA$1,227,277$3,076,647MPEDC

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 (15 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerInd
ADAMS ORCHARD LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119043428515RENTAL REAL ESTATEMAN/A00
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/A00
MADISON MELNEA CASS LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119821769920RENTAL REAL ESTATEMAN/A00
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/A00
MPIII TOWNHOMES LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119473681685RENTAL REAL ESTATEMAN/A00
RUGGLES SHAWMUT HOUSING LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119202182768RENTAL REAL ESTATEMAN/A00
SCHOOL HOUSE BROOKLEDGE CUMMINS LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMAN/A00
SCHOOL HOUSE KENILWORTH WILLIAMS LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMAN/A00
SMITH SENIOR RESIDENCES LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119320494148RENTAL REAL ESTATEMAN/A00
MADISON TRINITY 2085 DEVELOPMENT LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMAN/A00
MADISON WILLIAMS LIMITED PARTNERSHIP
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL REAL ESTATEMAN/A00

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
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
MADISON WILLIAMS MM LLC
184 DUDLEY STREET SUITE 102ROXBURYMA02119RENTAL 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 ExchangeYes (1)AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
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