2024-11-14T04:32:43-06:00 2023-12-31 221478099 COHNREZNICK LLP ONE BOSTON PLACE SUITE 500 BOSTON MA 02108 990 2023-01-01 042743779 MADISON PARK HOUSING CORPORATION MADI 6178496220 184 DUDLEY STREET ROXBURY MA 02119 AMANDA PELCHER INTERIM CFO 6178496220 2024-11-13 1 1 X LORI ROTHE YOKOBOSKY CPA P01273422 6176481400 2024-11-13 2023 2024-10-15 13:58:12Z INGRID TUCKER 184 DUDLEY STREET ROXBURY MA 02119 2307030 0 X N/A X 1980 MA THE PRIMARY MISSION IS TO PROVIDE SUPPORT FOR LOW INCOME HOUSING. 11 11 0 11 0 0 0 0 1503211 1635396 663221 671634 5214 0 2171646 2307030 0 0 0 0 0 0 0 0 0 140345 119901 140345 119901 2031301 2187129 61437109 63589848 1018113 181190 60418996 63408658 THE PRIMARY MISSION IS TO PROVIDE SUPPORT FOR LOW INCOME HOUSING. 0 0 116883 1635396 THE ORGANIZATION RECEIVED A CONTRIBUTION OF A NOTE RECEIVABLE DUE FROM A LOW-INCOME HOUSING PROJECT TO SUPPORT THEIR MISSION OF PROVIDING SUPPORT TO LOW-INCOME HOUSING BY PROVIDING FINANCING TO A LOW INCOME HOUSING PROJECT. 116883 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X AMANDA PELCHER 6178496220 184 DUDLEY STREET ROXBURY MA 02119 AYANNA HINES DIRECTOR 1.00 3.00 X 0 0 0 CHANDA K SMART DIRECTOR 1.00 3.00 X 0 0 0 DEAYNE WATTS DIRECTOR 1.00 3.00 X 0 0 0 GLORIA E BROOKS VICE PRESIDENT 1.00 3.00 X X 0 0 0 IVELISE RIVERA TREASURER 1.00 3.00 X X 0 0 0 LISA MORISHANTI DIRECTOR 1.00 3.00 X 0 0 0 MALIK AZIZ PRESIDENT 1.00 3.00 X X 0 0 0 NINA RUFF SECRETARY 1.00 3.00 X X 0 0 0 ROBERT L TERRELL DIRECTOR 1.00 3.00 X 0 0 0 SONRISA HAYNES DIRECTOR 1.00 3.00 X 0 0 0 VICTORIA LYNN AWKWARD DIRECTOR 1.00 3.00 X 0 0 0 EVELYN BARNES CHIEF FINANCIAL OFFICER 40.00 3.00 X 0 153531 16338 INTIYA AMBROGI-ISAZA VICE PRESIDENT REAL ESTATE 40.00 3.00 X 0 161916 27332 LESLIE A REID CHIEF EXECUTIVE OFFICER 40.00 3.00 X 0 191975 27318 0 507422 70988 0 0 1 0 0 INTEREST ON NOTES RECE 531110 1635396 1635396 1635396 671634 671634 2307030 1635396 0 671634 3018 3018 29425 29425 84560 84560 CORPORATE TAXES 2000 2000 898 898 119901 116883 3018 0 752904 22002 7800000 7800000 35491223 35431623 8153638 9488230 9239344 10847993 61437109 63589848 1018113 181190 1018113 181190 X 60418996 63408658 60418996 63408658 61437109 63589848 X 2187129 698861 103672 X 0 1 X 1 0 X 210613 370695 437151 1018459 1727220 1642233 1513635 1503211 1635396 8021695 1937833 2012928 1950786 1503211 1635396 9040154 0 0 0 9040154 421722 445286 567669 663221 671634 2769532 421722 445286 567669 663221 671634 2769532 2359555 2458214 2518455 2166432 2307030 11809686 0.76550 0.78580 0.23450 0.21420 X 0 MPHC INVESTMENT MERRILL LYNCH 9488230 C 9488230 DUE FROM AFFILIATES 10847993 10847993 X PART X, LINE 2: MPDC AND CERTAIN SUBSIDIARIES, NAMELY, MADISON PARK ECONOMIC DEVELOPMENT CORPORATION, MADISON PARK HOUSING CORPORATION, AND LOWER ROXBURY COMMUNITY CORPORATION ("LRCC"), 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, 2023 AND 2022, 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. 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. 0 0 0 0 0 0 0 0 0 LESLIE A REID CHIEF EXECUTIVE OFFICER 0 188675 0 3300 0 0 0 1587 0 25731 0 219293 0 0 INTIYA AMBROGI-ISAZA VICE PRESIDENT REAL ESTATE 0 151916 0 10000 0 0 0 6458 0 20874 0 189248 0 0 EVELYN BARNES CHIEF FINANCIAL OFFICER 0 143531 0 10000 0 0 0 6054 0 10284 0 169869 0 0 PART I, LINE 3 MADISON PARK HOUSING CORPORATION HAS NO EMPLOYEES. ALL COMPENSATION IS PROVIDED TO EMPLOYEES OF ITS SOLE MEMBER, MADISON PARK DEVELOPMENT CORPORATION. PELASE REFER TO MPDC'S FORM 990 FOR COMPENSATION, INFORMATION AND DECISION MAKING. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATED CONTROL OVER MANAGEMENT DUTIES TO ITS MANAGEMENT AGENT MADISON PARK DEVELOPMENT CORPORATION. FORM 990, PART VI, SECTION A, LINE 6 MADISON PARK DEVELOPMENT CORPORATION IS THE SOLE MEMBER OF MADISON PARK HOUSING CORPORATION. FORM 990, PART VI, SECTION A, LINE 7A MADISON PARK DEVELOPMENT CORPORATION, AS SOLE MEMBER OF MADISON PARK HOUSING CORPORATION, HAS THE POWER TO APPOINT THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B THE 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 12C EACH 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 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: PARTNERSHIP DISTRIBUTIONS 103,672. 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