Form 990 for tax year 2023

Totals

Total revenue

$1,085,944

Total expenses

$93,400

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$0

Investment income

$0

Other revenue

$1,085,944

Total assets, end of year

$10,543,854

Total liabilities, end of year

$17,764

Net assets or fund balances, end of year

$10,526,090

Program services expenses (Part IX)

$38,129

Management and general expenses

$55,271

Fundraising expenses

$0

Program service expenses (Part III)

$38,129

Program services were 40.8% 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.

Mission and programs · 2023

• TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION WAS FORMED TO OWN AND REDEVELOP THE FORMER DEVER STATE SCHOOL CORE CAMPUS IN TAUNTON, MA. THE PORPERTY CONSISTS OF APPROXIMATELY 220 ACRES WITH APPROXIMATELY 40 DILAPIDATED BUILDINGS AND UNDERSGROUND TUNNELS. REDEVELOPMENT WORK ON THE PROPERTY BEGAN IN FISCAL YEAR 2012. REDEVELOPMENT CONSISTS OF BUILDING ROADS AND UTILILTIES INFRASTRUCTURE, OBTAINING PERMITS, AND SELLING DEVELOPMENT-READY PARCELS OF LAND TO COMPANIES AND OTHERS TO GENERATE JOB CREATION AND JOB TRAINING/SKILLS DEVELOPMENT.

  Expenses $38,129

As filed on the 2023 return.

Listed in Part VII

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

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.

• MASSACHUSETTS DEVELOPMENT FINANCE AGENCY

  115 · ECONOMY GROWTH · MA

• CIVIC INVESTMENTS INC

  501(C)(3) · CONDUIT FUND · MA

  Directly controlled by MDFA

• MASSCARE CAPITAL INC

  501(C)(3) · FOUNDATION TO SUPPIRT MASSDEVELOPMENT AND OTHER 501(C)(3) · MA

  Directly controlled by MDFA

• MASSDEVELOPMENT EFA TRUST

  501(C)(3) · CONDUIT TRUST · MA

  Directly controlled by MDFA

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.

Provenance

Return type

form_990

Tax year

2023

Filed

12 May 2025

IRS schema version

2023v6.0

Source object

202541349349304754

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