2025-11-07T10:00:12-06:00 2024-12-31 333709623 COHNREZNICK ADVISORY LLC ONE POST OFFICE SQUARE SUITE 2950 BOSTON MA 02109 990 2024-01-01 042743779 MADISON PARK HOUSING CORPORATION MADI 6178496220 184 DUDLEY STREET ROXBURY MA 02119 AMANDA PURICELLI CHIEF FINANCIAL OFFICER 6178496220 2025-11-05 1 1 LORI ROTHE YOKOBOSKY P01273422 6176481400 2025-11-05 2024 2025-03-06 01:10:19Z AMANDA PURICELLI 184 DUDLEY STREET ROXBURY MA 02119 5115124 0 X N/A X 1980 MA THE PRIMARY MISSION IS TO PROVIDE SUPPORT FOR LOW INCOME HOUSING. 9 9 0 11 0 0 0 378158 1635396 430488 671634 847367 0 3459111 2307030 5115124 0 19794241 0 0 0 0 0 0 0 119901 12219235 119901 32013476 2187129 -26898352 63589848 4976458 181190 3292 63408658 4973166 THE PRIMARY MISSION IS TO PROVIDE SUPPORT FOR LOW INCOME HOUSING. 0 0 32009641 19794241 3889599 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. 32009641 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 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 9 9 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X AMANDA PURICELLI 6178496220 184 DUDLEY STREET ROXBURY MA 02119 AYANNA HINES PRESIDENT 1.00 3.00 X X 0 0 0 CHANDA K SMART DIRECTOR 1.00 3.00 X 0 0 0 DWAYNE 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 (UNTIL 7/24) 1.00 3.00 X 0 0 0 MALIK AZIZ DIRECTOR 1.00 3.00 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 (UNTIL 7/24) 1.00 3.00 X 0 0 0 INGRID TUCKER INTERIM CHIEF EXECUTIVE OFFICER 1.00 42.00 X 0 246330 42601 INTIYA AMBROGI-ISAZA VICE PRESIDENT OF REAL ESTATE 1.00 42.00 X 0 197203 29387 LESLIE A REID CHIEF EXECUTIVE OFFICER 1.00 42.00 X 0 167234 21523 EVELYN BARNES CFO (UNTIL 06/24) 1.00 42.00 X 0 56619 6035 0 667386 99546 0 0 1 0 0 378158 378158 INTEREST ON NOTES REC. 531110 430488 430488 430488 847367 847367 RECOVERY OF BAD DEBT 900099 3459111 3459111 3459111 5115124 3889599 0 847367 19794241 19794241 3335 3335 32165 32165 19521 19521 BAD DEBT EXPENSE 12114757 12114757 STATE FILING FEES 500 500 48957 48957 32013476 32009641 3835 0 22002 1071591 7800000 35431623 3891219 9488230 13648 10847993 0 63589848 4976458 3292 181190 181190 3292 X 63408658 4973166 63408658 4973166 63589848 4976458 X -26898352 -68971 -31891764 423595 X 0 1 X 1 0 X 370695 437151 378158 1186004 1642233 1513635 1503211 1635396 430488 6724963 2012928 1950786 1503211 1635396 808646 7910967 0 0 0 7910967 445286 567669 663221 671634 847367 3195177 445286 567669 663221 671634 847367 3195177 5214 3459111 3464325 2458214 2518455 2171646 2307030 5115124 14570469 0.54290 0.76550 0.21930 0.23450 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: RECOVERY OF BAD DEBT - 2024 AMOUNT: $ 3,459,111. OTHER INCOME - 2022 AMOUNT: $ 5,214. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: MPDC, AND CERTAIN SUBSIDIARIES, 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, 2024 AND 2023, 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. 1 MADISON PARK DEVELOPMENT CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 237164223 501(C)(3) 19294241 0 GENERAL SUPPORT LOWER ROXBURY COMMUNITY CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043126706 501(C)(3) 500000 0 GENERAL SUPPORT 2 0 PART I, LINE 2: GRANTS TO ORGANIZATIONS ARE GIVEN TO RELATED ORGANIZATIONS, AND THEREFORE USE CAN BE EASILY MONITORED. 1 0 0 0 0 0 0 0 0 INGRID TUCKER INTERIM CHIEF EXECUTIVE OFFICER 0 226720 0 19610 0 0 0 10263 0 32338 0 288931 0 0 INTIYA AMBROGI-ISAZA VICE PRESIDENT OF REAL ESTATE 0 191203 0 6000 0 0 0 8207 0 21180 0 226590 0 0 LESLIE A REID CHIEF EXECUTIVE OFFICER 0 137234 0 0 0 30000 0 5659 0 15864 0 188757 0 0 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, LINE 4A LESLIE REED RECEIVED SEVERANCE COMPENSATION FOR $30,000 DURING CALENDAR YEAR 2024. 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: TRANSFER OF NET ASSETS - EQUITY IMPACT 423,595. MADISON PARK DEVELOPMENT CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 237164223 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 N/A 0 MADISON PARK ECONOMIC DEVELOPMENT CORP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043126706 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 MPDC 0 LOWER ROXBURY COMMUNITY CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 237011408 AFFORDABLE HOUSING MA 501(C)(3) LINE 10 MPDC 0 ADAMS ORCHARD LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043428515 RENTAL REAL ESTATE MA N/A 0 0 BERYL GARDENS LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293229 RENTAL REAL ESTATE MA N/A 0 0 DUDLEY GREENVILLE LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 272754424 RENTAL REAL ESTATE MA N/A 0 0 MADISON BOTOLPH II LP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 364796660 RENTAL REAL ESTATE MA N/A 0 0 MADISON HAYNES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 831853112 RENTAL REAL ESTATE MA N/A 0 0 MADISON MELNEA CASS LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 821769920 RENTAL REAL ESTATE MA N/A 0 0 MADISON PARK IV 2011 LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 453459053 RENTAL REAL ESTATE MA N/A 0 0 MADISON TRINITY LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043339768 RENTAL REAL ESTATE MA N/A 0 0 MPIII TOWNHOMES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 473681685 RENTAL REAL ESTATE MA N/A 0 0 SCHOOL HOUSE BROOKLEDGE CUMMINS LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 SCHOOL HOUSE KENILWORTH WILLIAMS LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 SMITH SENIOR RESIDENCES LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 320494148 RENTAL REAL ESTATE MA N/A 0 0 MADISON TRINITY 2085 DEVELOPMENT LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 MADISON WILLIAMS LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 RUGGLES SHAWMUT HOUSING LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 ADAMS ORCHARD INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043428514 RENTAL REAL ESTATE MA N/A C 0 BERYL GARDENS COOPERATIVE CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043296338 RENTAL REAL ESTATE MA N/A C 0 BERYL GARDENS INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043293227 RENTAL REAL ESTATE MA N/A C 0 DUDLEY GREENVILLE MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 272754424 RENTAL REAL ESTATE MA N/A C 0 MADISON BOTOLPH GP INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 462310065 RENTAL REAL ESTATE MA N/A C 0 MADISON HAYNES MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 831836890 RENTAL REAL ESTATE MA N/A C 0 MADISON MELNEA CASS MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 821755853 RENTAL REAL ESTATE MA N/A C 0 MADISON PARK IV GP LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 453261293 RENTAL REAL ESTATE MA N/A C 0 MPIII TOWNHOMES MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 473661174 RENTAL REAL ESTATE MA N/A C 0 MTV INC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043339765 RENTAL REAL ESTATE MA N/A C 0 SMITH SENIOR RESIDENCES MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 812393714 RENTAL REAL ESTATE MA N/A C 0 SCHOOLHOUSE B C MADISON PARK AND EAF LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A C 0 SCHOOLHOUSE K W MADISON PARK AND EAF LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A C 0 MADISON WILLIAMS MM LLC 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 1 1