2024-03-18T16:52:16-05:00 2023-06-30 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2022-07-01 453951613 TAUNTON DEVELOPMENTMASSDEVELOPMENT CORPORATION TAUN 6173302000 99 HIGH STREET BOSTON MA 02110 SIMON R GERLIN DIRECTOR/TREASURER 6173302000 2024-03-05 1 SIMON GERLIN 999009999 0 LYNNE JOHNSON P00757336 6179129000 2024-03-05 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z TANIA HARTFORD 99 HIGH STREET BOSTON MA 02110 7664293 0 X N/A X 2011 MA THE PRINCIPLE CHARITABLE PURPOSE OF TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION ("THE CORPORATION") IS TO PROMOTE ECONOMIC DEVELOPMENT AND TO LESSEN THE BURDENS OF GOVERNMENT BY REDEVELOPING LAND THAT WAS PART OF THE FORMER PAUL A. DEVER SCHOOL IN TAUNTON, MASSACHUSETTS. 6 4 0 4 0 0 0 0 0 0 0 -630840 536029 539293 536029 -91547 0 0 0 0 0 0 0 0 0 318030 155712 318030 155712 217999 -247259 10030018 9624072 249213 90526 9780805 9533546 X THE PRINCIPLE CHARITABLE PURPOSE OF TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION ("THE CORPORATION") IS TO PROMOTE ECONOMIC DEVELOPMENT AND TO LESSEN THE BURDENS OF GOVERNMENT BY REDEVELOPING LAND THAT WAS PART OF THE FORMER PAUL A. DEVER SCHOOL IN TAUNTON, MASSACHUSETTS. 0 0 110000 TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION WAS FORMED TO OWN AND REDEVELOP THE FORMER DEVER STATE SCHOOL CORE CAMPUS IN TAUNTON, MA. THE PROPERTY CONSISTS OF APPROXIMATELY 220 ACRES WITH APPROXIMATELY 40 DILAPIDATED BUILDINGS AND UNDERGROUND TUNNELS. REDEVELOPMENT WORK ON THE PROPERTY BEGAN IN FISCAL YEAR 2012. REDEVELOPMENT CONSISTS OF BUILDING ROADS AND UTILITIES INFRASTRUCTURE, OBTAINING PERMITS, AND SELLING DEVELOPMENT-READY PARCELS OF LAND TO COMPANIES AND OTHERS TO GENERATE JOB CREATION AND JOB TRAINING/SKILLS DEVELOPMENT. 110000 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 4 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 MA X MASSACHUSETTS DEVELOPMENT FINANCE A 6173302000 99 HIGH STREET BOSTON MA 02110 TANIA HARTFORD DIRECTOR/PRESIDENT 2.50 40.00 X X 0 221890 32261 SIMON R GERLIN DIRECTOR/TREASURER 2.50 40.00 X X 0 231643 59656 JAY PATEAKOS DIRECTOR (TRHU 06/2023) 2.50 40.00 X 0 86812 37489 DANIEL DAROSA DIRECTOR/VP 2.50 40.00 X X 0 0 0 MICHAEL MILLER DIRECTOR/VP 2.50 40.00 X X 0 0 0 LOUIS RICCIARDI DIRECTOR/VP 2.50 40.00 X X 0 0 0 VICTOR SANTOS DIRECTOR/VP 2.50 40.00 X X 0 0 0 0 540345 129406 0 0 1 0 0 7125000 7755840 -630840 -630840 -630840 DIF DEMOLITION REIMBURSEMENT 531390 500000 500000 DIF ADMIN EXPENSE REIMBURSEMENT 531390 39293 39293 539293 -91547 0 0 -91547 5776 5776 39740 39740 PROJECT EXPENSE 80000 80000 PROPERTY MAINTENANCE 30000 30000 ADMINISTRATIVE 196 196 155712 110000 45712 0 654583 7738530 11716 12799 1872743 0 9363719 1872743 10030018 9624072 249213 90526 249213 90526 X 9780805 9533546 9780805 9533546 10030018 9624072 -247259 0 X 0 1 X 1 0 X 111532 2065 2064 115661 1556977 536029 539293 2632299 111532 2065 1559041 536029 539293 2747960 0 0 0 2747960 111532 2065 1559041 536029 539293 2747960 1.00000 1.00000 0.00000 X 1872743 1872743 1872743 0 0 0 0 0 0 0 0 0 SIMON R GERLIN DIRECTOR/TREASURER 0 227942 0 0 0 3701 0 29509 0 30147 0 291299 0 0 TANIA HARTFORD DIRECTOR/PRESIDENT 0 221048 0 0 0 842 0 27666 0 4595 0 254151 0 0 FORM 990, PART VI, SECTION A, LINE 6 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY AND TAUNTON DEVELOPMENT CORPORATION SERVE AS MEMBERS OF THE CORPORATION. EACH HAS AUTHORITY TO APPOINT MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS. THE CORPORATION MAY ALSO ENGAGE THESE ORGANIZATIONS TO PROVIDE ADMINISTRATIVE OR OPERATIONAL SERVICES IN CONNECTION WITH THE CORPORATION'S PROPOSED ACTIVITIES AS DISCLOSED ON FORM 990, PART III, LINE 4. FORM 990, PART VI, SECTION A, LINE 7A UNDER THE BY-LAWS OF THE CORPORATION, BOARD MEMBER ARE APPOINTED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE POWERS OF THE MEMBERS OF THE CORPORATION ARE THE FOLLOWING: - TO MAKE AND ACCEPT CONTRIBUTIONS, WHETHER CAPITAL OR CHARITABLE. - TO LEND FUNDS TO THE CORPORATION. - TO APPOINT INDIVIDUALS TO THE BOARD OF DIRECTORS WITH TAUNTON DEVELOPMENT CORPORATION HAVING THE POWER TO APPOINT THREE (3) DIRECTORS AND MASSACHUSETTS DEVELOPMENT FINANCE AGENCY HAVING THE POWER TO APPOINT (4) DIRECTORS. - TO COMPLETE ANY TASKS THAT THE BOARD OF DIRECTORS OF ANY COMMITTEE OF THE BOARD FAILS TO COMPLETE. - TO DISSOLVE THE CORPORATION BY A TWO-THIRDS MAJORITY VOTE OF THE MEMBERS. - TO AMEND THE ARTICLES OF ORGANIZATION BY A TWO-THIRDS MAJORITY VOTE OF THE MEMBERS. - TO PERFORM SUCH OTHER AND FURTHER DUTIES AS ARE RESERVED TO THE MEMBERS OF A CORPORATION PURSUANT TO CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS BOARD COMMITTEES, WHICH MET DURING THE FISCAL YEAR AND MADE DECISIONS ON SOME OPERATIONAL MATTERS; HOWEVER, ALL MAJOR DECISIONS OF THE ORGANIZATION WERE MADE BY THE BOARD OF DIRECTORS AND REFLECTED IN THE MINUTES OF THEIR MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION HAS A PAID PREPARER FOR THE RETURN. THE PREPARED RETURN IS REVIEWED BY FINANCE AND LEGAL COUNSEL AT MASSACHUSETTS DEVELOPMENT FINANCE AGENCY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICT OF INTEREST POLICY COVERING ALL BOARD MEMBERS, OFFICERS AND EMPLOYEES. ALL OFFICERS AND BOARD MEMBERS ARE ASKED TO REPORT ANNUALLY WHETHER OR NOT THEY HAVE ANY POTENTIAL CONFLICT. EACH REPORTED CONFLICT IS REVIEWED AND ANY PERSONS DETERMINED TO HAVE A CONFLICT IS REMOVED FROM ANY AFFECTED DECISION MAKING PROCESS. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION AND BENEFITS REPORTED IN PART VII ARE DETERMINED BY MASSACHUSETTS DEVELOPMENT FINANCE AGENCY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE FORM 990 WITHOUT SCHEDULE B IS ALSO AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS OFFICE OF ATTORNEY GENERAL'S WEBSITE. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 99 HIGH STREET BOSTON MA 02110 043431814 ECONOMY GROWTH MA 115 N/A 0 CIVIC INVESTMENTS INC 99 HIGH STREET BOSTON MA 02110 043166416 CONDUIT FUND MA 501(C)(3) LINE 12A, I MDFA 0 MASSCARE CAPITAL INC 99 HIGH STREET BOSTON MA 02110 222975198 FOUNDATION TO SUPPORT MASSDEVELOPMENT AND OTHER 501(C)(3)S MA 501(C)(3) MDFA 0 MASSDEVELOPMENTHEFA TRUST 99 HIGH STREET BOSTON MA 02110 043379905 CONDUIT TRUST MA 501(C)(3) LINE 12A, I MDFA 0 HOSPITAL HILL DEVELOPMENT LLC 99 HIGH STREET BOSTON MA 02110 043724531 REDEVELOPMENT STATE HOSPITAL MA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0