Form 990 for tax year 2025

Filed by MADISON PARK HOUSING CORPORATION.

Totals

Total revenue: $3,519,616
Total expenses: $4,766,975
Contributions and grants received: $14,823
Grants paid: $4,498,163
Program service revenue: $298,067
Investment income: $36,630
Other revenue: $3,170,096
Total assets, end of year: $3,980,246
Total liabilities, end of year: $3,570
Net assets or fund balances, end of year: $3,976,676
Program services expenses (Part IX): $4,763,393
Management and general expenses: $3,582
Fundraising expenses: $0
Program service expenses (Part III): $4,763,393

Program services were 99.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

1d · Related organizations

$14,823
2a · Program service revenue: INTEREST ON NOTES REC.

total $298,067 · related or exempt $298,067
3 · Investment income

total $36,630 · excluded $36,630
11a · Other revenue: RECOVERY OF BAD DEBT

total $3,170,096 · related or exempt $3,170,096
11e · Other revenue, total

$3,170,096

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $4,498,163 · program services $4,498,163
11c · Fees: accounting

total $3,570 · management and general $3,570
24a · Other expenses: BAD DEBT EXPENSE

total $265,088 · program services $265,088
24e · All other expenses

total $154 · program services $142 · management and general $12

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,071,591 · end of year $208,692
7 · Other notes and loans receivable

beginning of year $3,891,219 · end of year $3,771,554
13 · Investments: program-related

beginning of year $13,648 · end of year $0
17 · Accounts payable and accrued expenses

beginning of year $3,292 · end of year $3,570
27 · Net assets without donor restrictions

beginning of year $4,973,166 · end of year $3,976,676

Mission and programs · 2025

Mission

THE PRIMARY MISSION IS TO PROVIDE SUPPORT FOR LOW INCOME HOUSING.

TO 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.

Expenses $4,763,393 · Grants $4,498,163 · Revenue $3,468,163

As filed on the 2025 return.

Listed in Part VII

Ayanna HinesAYANNA HINES

PRESIDENT (UNTIL 7/25)

Total calculated

$0

Hours/week

1 + 3 related
Chanda K SmartCHANDA K SMART

DIRECTOR (UNTIL 7/25)

Total calculated

$0

Hours/week

1 + 3 related
Dwayne WattsDWAYNE WATTS

DIRECTOR (UNTIL 7/25)

Total calculated

$0

Hours/week

1 + 3 related
Gloria E BrooksGLORIA E BROOKS

VICE PRESIDENT

Total calculated

$0

Hours/week

1 + 3 related
Ivelise RiveraIVELISE RIVERA

TREASURER

Total calculated

$0

Hours/week

1 + 3 related
Jeanne PinadoJEANNE PINADO

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
Malik AzizMALIK AZIZ

PRESIDENT

Total calculated

$0

Hours/week

1 + 3 related
Nina RuffNINA RUFF

SECRETARY

Total calculated

$0

Hours/week

1 + 3 related
Robert L TerrellROBERT L TERRELL

DIRECTOR (UNTIL 2/25)

Total calculated

$0

Hours/week

1 + 3 related
Sonrisa HaynesSONRISA HAYNES

DIRECTOR

Total calculated

$0

Hours/week

1 + 3 related
Amanda PuricelliAMANDA PURICELLI

CFO

Total calculated

$0

Hours/week

1 + 42 related
Ingrid TuckerINGRID TUCKER

CEO (UNTIL 7/25)

Total calculated

$332,141

From this org

$0

From related orgs

$307,946

Other

$24,195

Hours/week

1 + 42 related

Schedule J breakdown matched by us

Base

$0 + $177,946 related

Bonus

$0

Other

$0 + $130,000 related

Deferred

$0 + $7,118 related

Nontaxable benefits

$0 + $17,077 related

Filer's total

$0 + $332,141 related
Intiya Ambrogi-IsazaINTIYA AMBROGI-ISAZA

VICE PRESIDENT OF REAL ESTATE

Total calculated

$244,980

From this org

$0

From related orgs

$216,285

Other

$28,695

Hours/week

1 + 42 related

Schedule J breakdown matched by us

Base

$0 + $210,285 related

Bonus

$0 + $6,000 related

Other

$0

Deferred

$0 + $8,651 related

Nontaxable benefits

$0 + $20,044 related

Filer's total

$0 + $244,980 related
Kate BennetKATE BENNET

INTERIM CHIEF EXECUTIVE OFFICER

Total calculated

$0

Hours/week

1 + 42 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

4a · Severance or change-of-control payment
4b · Supplemental nonqualified retirement plan
4c · Equity-based compensation arrangement
5a · Pay contingent on this organization's revenues
5b · Pay contingent on a related organization's revenues
6a · Pay contingent on this organization's net earnings
6b · Pay contingent on a related organization's net earnings
7 · Other non-fixed payments
8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3: THE 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's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

MADISON PARK DEVELOPMENT CORPORATION

$4,498,163

GENERAL SUPPORT

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

MADISON PARK DEVELOPMENT CORPORATION

501(C)(3) · AFFORDABLE HOUSING · MA
MADISON PARK ECONOMIC DEVELOPMENT CORP

501(C)(3) · AFFORDABLE HOUSING · MA

Directly controlled by MPDC
LOWER ROXBURY COMMUNITY CORPORATION

501(C)(3) · AFFORDABLE HOUSING · MA

Directly controlled by MPDC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

ADAMS ORCHARD LIMITED PARTNERSHIP

RENTAL REAL ESTATE · MA
BERYL GARDENS LIMITED PARTNERSHIP

RENTAL REAL ESTATE · MA
DUDLEY GREENVILLE LLC

RENTAL REAL ESTATE · MA
MADISON BOTOLPH II LP

RENTAL REAL ESTATE · MA
MADISON HAYNES LLC

RENTAL REAL ESTATE · MA
MADISON MELNEA CASS LLC

RENTAL REAL ESTATE · MA
MADISON PARK IV 2011 LIMITED PARTNERSHIP

RENTAL REAL ESTATE · MA
MADISON TRINITY LIMITED PARTNERSHIP

RENTAL REAL ESTATE · MA
MPIII TOWNHOMES LLC

RENTAL REAL ESTATE · MA
SCHOOL HOUSE BROOKLEDGE CUMMINS LIMITED PARTNERSHIP

RENTAL REAL ESTATE · MA
SCHOOL HOUSE KENILWORTH WILLIAMS LIMITED PARTNERSHIP

RENTAL REAL ESTATE · MA
SMITH SENIOR RESIDENCES LLC

RENTAL REAL ESTATE · MA
MADISON TRINITY 2085 DEVELOPMENT LLC

RENTAL REAL ESTATE · MA
MADISON WILLIAMS LLC

RENTAL REAL ESTATE · MA
RUGGLES SHAWMUT HOUSING LLC

RENTAL REAL ESTATE · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

ADAMS ORCHARD INC

C · RENTAL REAL ESTATE · MA
BERYL GARDENS COOPERATIVE CORPORATION

C · RENTAL REAL ESTATE · MA
BERYL GARDENS INC

C · RENTAL REAL ESTATE · MA
DUDLEY GREENVILLE MM LLC

C · RENTAL REAL ESTATE · MA
MADISON BOTOLPH GP INC

C · RENTAL REAL ESTATE · MA
MADISON HAYNES MM LLC

C · RENTAL REAL ESTATE · MA
MADISON MELNEA CASS MM LLC

C · RENTAL REAL ESTATE · MA
MADISON PARK IV GP LLC

C · RENTAL REAL ESTATE · MA
MPIII TOWNHOMES MM LLC

C · RENTAL REAL ESTATE · MA
MTV INC

C · RENTAL REAL ESTATE · MA
SMITH SENIOR RESIDENCES MM LLC

C · RENTAL REAL ESTATE · MA
SCHOOLHOUSE B C MADISON PARK AND EAF LLC

C · RENTAL REAL ESTATE · MA
SCHOOLHOUSE K W MADISON PARK AND EAF LLC

C · RENTAL REAL ESTATE · MA
MADISON WILLIAMS MM LLC

C · RENTAL REAL ESTATE · MA

Provenance

Return type: form_990
Tax year: 2025
Filed: 4 August 2026
IRS schema version: 2025v4.2
Source object: 202622169349300217

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