Skip to content
Nonprofiteer
← MADISON PARK DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by MADISON PARK DEVELOPMENT CORPORATION.

Totals

Total revenue
$4,984,841
Total expenses
$7,547,553
Contributions and grants received
$2,484,849
Grants paid
$767,588
Program service revenue
$574,493
Investment income
$1,474,831
Other revenue
$450,668
Total assets, end of year
$40,057,422
Total liabilities, end of year
$24,364,019
Net assets or fund balances, end of year
$15,693,403
Program services expenses (Part IX)
$8,301,611
Management and general expenses
-$1,014,998
Fundraising expenses
$260,940
Program service expenses (Part III)
$8,301,611

Program services were 110.0% 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.

  • 1a · Federated campaigns

    $58,141

  • 1e · Government grants (contributions)

    $342,570

  • 1f · All other contributions, gifts and grants

    $2,084,138

  • 2a · Program service revenue: MANAGEMENT FEES

    total $489,942 · related or exempt $489,942

  • 2b · Program service revenue: PROGRAM FEES

    total $48,066 · related or exempt $48,066

  • 2c · Program service revenue: RENTAL INCOME

    total $36,485 · related or exempt $36,485

  • 3 · Investment income

    total $1,474,831 · excluded $1,474,831

  • 11a · Other revenue: ASSET MANAGEMENT

    total $449,716 · related or exempt $449,716

  • 11d · All other revenue

    total $952 · related or exempt $952

  • 11e · Other revenue, total

    $450,668

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $767,588 · program services $767,588

  • 5 · Compensation of officers, directors and key employees

    total $468,552 · program services $406,207 · management and general $30,054 · fundraising $32,291

  • 7 · Other salaries and wages

    total $2,474,680 · program services $2,144,556 · management and general $160,892 · fundraising $169,232

  • 8 · Pension plan contributions

    total $81,867 · program services $71,305 · management and general $4,401 · fundraising $6,161

  • 9 · Other employee benefits

    total $701,706 · program services $594,962 · management and general $59,678 · fundraising $47,066

  • 11b · Fees: legal

    total $16,286 · program services $15,019 · management and general $502 · fundraising $765

  • 11c · Fees: accounting

    total $83,361 · program services $73,546 · management and general $3,891 · fundraising $5,924

  • 11f · Fees: investment management

    total $9,444 · management and general $9,444

  • 11g · Fees: other

    total $190,885 · program services $177,117 · management and general $5,458 · fundraising $8,310

  • 12 · Advertising and promotion

    total $38,208 · program services $35,173 · management and general $906 · fundraising $2,129

  • 13 · Office expenses

    total $364,766 · program services $351,656 · management and general $8,775 · fundraising $4,335

  • 14 · Information technology

    total $114,518 · program services $99,575 · management and general $5,924 · fundraising $9,019

  • 16 · Occupancy

    total $416,996 · program services $384,024 · management and general $13,071 · fundraising $19,901

  • 17 · Travel

    total $66,859 · program services $51,984 · management and general $14,774 · fundraising $101

  • 19 · Conferences, conventions and meetings

    total $97,001 · program services $87,709 · management and general $6,795 · fundraising $2,497

  • 20 · Interest

    total $979,319 · program services $979,319

  • 22 · Depreciation, depletion and amortization

    total $129,238 · program services $123,344 · management and general $2,337 · fundraising $3,557

  • 23 · Insurance

    total $30,551 · program services $28,222 · management and general $923 · fundraising $1,406

  • 24a · Other expenses: HOMEOWNERSHIP

    total $139,456 · program services $139,456

  • 24b · Other expenses: CORPORATE TAXES

    total $130,391 · program services $130,391

  • 24c · Other expenses: INTERCOMPANY EXPENSES

    total $129,385 · program services $1,570,963 · management and general -$1,345,652 · fundraising -$95,926

  • 24d · Other expenses: FUNDRAISING

    total $119,140 · program services $86,062 · fundraising $33,078

  • 24e · All other expenses

    total -$2,644 · program services -$16,567 · management and general $2,829 · fundraising $11,094

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,709,860 · end of year $1,537,902

  • 4 · Accounts receivable

    beginning of year $3,641,532 · end of year $3,682,000

  • 7 · Other notes and loans receivable

    beginning of year $27,670,633 · end of year $25,063,153

  • 10a · Land, buildings and equipment: cost or other basis

    $1,230,983

  • 10b · Land, buildings and equipment: accumulated depreciation

    $790,581

  • 10c · Land, buildings and equipment, net

    beginning of year $543,863 · end of year $440,402

  • 11 · Investments: publicly traded securities

    beginning of year $5,459,309 · end of year $4,929,555

  • 15 · Other assets

    beginning of year $8,403,517 · end of year $4,404,410

  • 17 · Accounts payable and accrued expenses

    beginning of year $661,902 · end of year $246,307

  • 19 · Deferred revenue

    beginning of year $3,800 · end of year $3,800

  • 21 · Escrow or custodial account liability

    beginning of year $37,600 · end of year $37,600

  • 23 · Secured mortgages and notes payable

    beginning of year $19,277,642 · end of year $17,657,136

  • 25 · Other liabilities

    beginning of year $8,493,161 · end of year $6,419,176

  • 27 · Net assets without donor restrictions

    beginning of year $18,864,029 · end of year $15,436,322

  • 28 · Net assets with donor restrictions

    beginning of year $90,580 · end of year $257,081

Mission and programs · 2022

Mission

MADISON PARK DEVELOPMENT CORPORATION'S OVERALL MISSION IS TO FOSTER THE SOCIAL, PHYSICAL, ECONOMIC AND CULTURAL RENAISSANCE OF THE ROXBURY COMMUNITY BY PROMOTING THE ECONOMIC SELF-SUFFICIENCY AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE INCOME RESIDENTS FOR HOME OWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION.

Activities or mission (Part I)

SELF-SUFFICIENCY AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE-INCOME RESIDENTS AND ADVOCATING FOR HOMEOWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION.

  • REAL ESTATE - MPDC, THROUGH ITS REAL ESTATE PROGRAM, ACTS AS EITHER THE DEVELOPER OR CO-DEVELOPER ON PROPERTIES BENEFITTING LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. IN ADDITION, MPDC OPERATES RENTAL PROPERTIES BENEFITTING THE LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. THE REAL ESTATE PROGRAM ALSO INCLUDES THE COMPANY'S ASSET MANAGEMENT BUSINESS WHICH OVERSEES THE OPERATIONS OF ALL RESIDENTIAL AND COMMERCIAL RENTAL PROPERTIES, AS WELL AS ITS EARLY STAGE DEVELOPMENT ACTIVITIES.

    Expenses $4,301,727 · Grants $767,588 · Revenue $940,610

  • HIBERNIAN HALL- THE HIBERNIAN HALL PROGRAM PROMOTES, PRODUCES AND PRESENTS PERFORMING ARTS PROGRAMS THAT CELEBRATE THE MULTI-CULTURAL HERITAGE OF ROXBURY. IN ADDITION, THE HALL IS RENTED FOR VARIOUS CELEBRATORY AND CULTURAL FUNCTIONS.

    Expenses $763,853 · Revenue $36,485

  • COMMUNITY ACTION- MPDC, THROUGH ITS COMMUNITY ORGANIZING ACTIVITIES, SEEKS TO PROMOTE AN ACTIVE AND HEALTHY ENVIRONMENT FOR LOCAL RESIDENTS THROUGH PROGRAMMING FOCUSED ON HEALTHY EQUITY AND WELLNESS, CIVIC ENGAGEMENT, YOUTH LEADERSHIP AND WORKFORCE DEVELOPMENT, RESIDENTIAL LEADERSHIP AND PUBLIC SAFETY INITIATIVES.

    Expenses $3,236,031 · Revenue $48,066

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ayanna Hines

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Eric Hall

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Gloria E Brooks

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Ivelise Rivera

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Karleen P Porcena

    OUTGOING DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Lisa Morishanti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Malik Aziz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Nina Ruff

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Robert L Terrell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Sonrisa Haynes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • Evelyn Barnes

    CHIEF FINANCIAL OFFICER

    Total calculated
    $70,350
    From this org
    $69,032
    From related orgs
    $0
    Other
    $1,318
    Hours/week
    40 + 3 related

  • Intiya Ambrogi-Isaza

    VICE PRESIDENT REAL ESTATE

    Total calculated
    $161,145
    From this org
    $140,230
    From related orgs
    $0
    Other
    $20,915
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $131,430
    Bonus
    $8,800
    Other
    $0
    Deferred
    $635
    Nontaxable benefits
    $20,280
    Filer's total
    $161,145

  • Leslie A Reid

    CHIEF EXECUTIVE OFFICER/AS

    Total calculated
    $253,281
    From this org
    $222,999
    From related orgs
    $0
    Other
    $30,282
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $222,999
    Bonus
    $0
    Other
    $0
    Deferred
    $2,477
    Nontaxable benefits
    $27,805
    Filer's total
    $253,281

  • Ingrid Tucker

    DEPUTY DIRECTOR

    Total calculated
    $216,200
    From this org
    $164,418
    From related orgs
    $0
    Other
    $51,782
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $155,118
    Bonus
    $9,300
    Other
    $0
    Deferred
    $7,023
    Nontaxable benefits
    $44,759
    Filer's total
    $216,200

  • Megan Reagon

    SENIOR PROJECT MANAGER

    Total calculated
    $114,692
    From this org
    $103,816
    From related orgs
    $0
    Other
    $10,876
    Hours/week
    40 + 3 related

  • Vincent Viola

    DIRECTOR OF ASSET MANAGEME

    Total calculated
    $159,906
    From this org
    $148,737
    From related orgs
    $0
    Other
    $11,169
    Hours/week
    40 + 3 related

    Schedule J breakdown matched by us

    Base
    $140,437
    Bonus
    $8,300
    Other
    $0
    Deferred
    $6,061
    Nontaxable benefits
    $5,108
    Filer's total
    $159,906

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

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
INCLUDED IN PART II, COLUMN B(II) ARE AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUAL'S 2022 W-2, AND APPROVED BY THE BOARD.

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

No itemized grants to organizations on this return.

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 2451 WASHINGTON LLC

    RENTAL REAL ESTATE · MA · income $0 · assets $192,463

    Directly controlled by MPDC

  • HAYNES HOUSE ASSOCIATES II

    REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by MPDC

  • MADISON BARD LLC

    RENTAL REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by MPDC

  • MADISON GATEWAY LLC

    RENTAL REAL ESTATE · MA · income $0 · assets $1,293,716

    Directly controlled by MPDC

  • MADISON SCHOOLHOUSE LLC

    RENTAL REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by MPDC

  • MADISON TROPICAL LLC

    RENTAL REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by MPDC

  • MADISON TROPICAL MARKETS LLC

    REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by MPDC

  • P10 DEVELOPMENT SERVICES LLC

    RENTAL REAL ESTATE · MA · income $0 · assets $0

    Directly controlled by MPDC

Related partnerships

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

  • HAYNES HOUSE II LP

    RENTAL REAL ESTATE · MA

  • BERYL GARDENS LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · MA

  • MADISON TRINITY LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · MA

  • ADAMS ORCHARD LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · MA

  • DUDLEY GREENVILLE LLC

    RENTAL REAL ESTATE · MA

  • SMITH SENIOR RESIDENCES LLC

    RENTAL REAL ESTATE · MA

  • MADISON BOTOLPH II LP

    RENTAL REAL ESTATE · MA

  • MADISON PARK IV 2011 LIMITED PARTNERSHIP

    RENTAL REAL ESTATE · MA

  • MADISON WILLIAMS LLC

    RENTAL REAL ESTATE · MA

  • MPIII TOWNHOMES LLC

    RENTAL REAL ESTATE · MA

  • MADISON MELNEA CASS LLC

    RENTAL REAL ESTATE · MA

  • MADISON HAYNES 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 · 51% owned · controlled entity

    Directly controlled by MPDC

  • 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 · 100% owned · share of income $23 · share of assets $87 · controlled entity

    Directly controlled by MPDC

  • HAYNES HOUSE MM LLC

    C · RENTAL REAL ESTATE · MA · 100% owned · controlled entity

    Directly controlled by MPDC

  • HAYNES II INC

    C · RENTAL REAL ESTATE · MA · 100% owned · controlled entity

    Directly controlled by MPDC

  • MADISON BOTOLPH GP INC

    C · RENTAL REAL ESTATE · MA

  • MADISON DAVENPORT INC

    C · RENTAL REAL ESTATE · MA · 100% owned · share of income $38,211

    Directly controlled by MPDC

  • 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

  • MADISON RUGGLES SHAWMUT INC

    C · RENTAL REAL ESTATE · MA · 79% owned · controlled entity

    Directly controlled by MPDC

  • MADISON WILLIAMS MM LLC

    C · RENTAL REAL ESTATE · MA

  • MPIII TOWNHOMES MM LLC

    C · RENTAL REAL ESTATE · MA

  • MTV INC

    C · RENTAL REAL ESTATE · MA · 51% owned · share of income $4 · share of assets $50 · controlled entity

    Directly controlled by MPDC

  • SMITH SENIOR RESIDENCES MM LLC

    C · RENTAL REAL ESTATE · MA

Provenance

Return type
form_990
Tax year
2022
Filed
8 November 2023
IRS schema version
2022v5.0
Source object
202343139349302389

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.