2025-04-24T12:45:57-05:00 2024-06-30 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2023-07-01 453587147 FERDINAND BUILDING DEVELOPMENT CORPORATION % SHANDELL HUGHES TREASURY DE FERD 6176354140 1 CITY HALL SQUARE Suite M-5 BOSTON MA 02201 JERICA BRADLEY 1ST ASST. COLL/TREAS 6176354140 2025-05-15 true true RICHARD RUVELSON P00234075 3002726000 2023 2025-03-06 01:10:19Z JERICA BRADLEY 1 CITY HALL SQUARE M-5 BOSTON MA 02201 233859 false X WWW.CITYOFBOSTON.GOV X 2011 MA SEE SCHEDULE O. 3 0 0 3 0 0 0 0 163102 233859 0 0 0 0 163102 233859 0 0 0 0 0 0 0 0 0 96452 1745 96452 1745 66650 232114 2549642 2557464 403517 179225 2146125 2378239 X TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTERS IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE LEASED TO THE CITY OF BOSTON AND OCCUPIED BY BPS. false false 1745 233859 TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTERS IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE LEASED TO THE CITY OF BOSTON AND OCCUPIED BY BPS. 1745 true false false false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 0 0 0 false false false false false false false false false false X 3 0 false false false false false false false true false false false true true true true true true false false false MA X X SHANDELL HUGHES TREASURY DE 6176354140 1 CITY HALL SQ ROOM M-5 BOSTON MA 02201 ASHLEY GROFFENBERGER PRESIDENT/CFO, COLLECTOR-TREAS 1.0 0.0 X X 0 168099 27099 DION IRISH TREASURER/CHIEF OF OPERATIONS 1.0 0.0 X X 0 163754 30741 SEGUN IDOWU SECRETARY/CHEIF OF ECONOMIC OP 1.0 0.0 X X 0 154436 11595 JERICA BRADLEY 1ST ASST. COLLECTOR-TREASURER 1.0 0.0 X 0 122875 9623 0 609164 79058 0 false true false 0 0 PROGRAM RELATED INVESTMENTS 525990 137119 137119 Rental Income 531390 96740 96740 233859 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 233859 0 0 233859 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 99 99 0 0 0 0 0 0 0 0 0 0 0 0 0 MAINTENANCE EXPENSE 1646 1646 0 0 1745 1745 0 0 2254143 2507142 41088 45700 0 0 4622 4622 0 0 0 0 0 0 0 0 0 0 112146 0 0 0 0 0 0 0 0 0 137643 0 2549642 2557464 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 403517 179225 403517 179225 X 2146125 2378239 0 0 2146125 2378239 2549642 2557464 232114 X X false true X true false X X 1 CITY OF BOSTON 046001380 6 true 0 0 1 0 0 true false false false false false false false false false false false false false false true false 0 DUE TO RELATED PARTY 152935 SECURITY DEPOSITS 26290 179225 X PART X, LINE 2: FERDINAND BUILDING DEVELOPMENT CORPORATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND THEREFORE HAVE MADE NO PROVISION FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING COMBINED FINANCIAL STATEMENTS. AS NOT-FOR-PROFIT ENTITIES EXEMPT FROM INCOME TAXES, FERDINAND BUILDING DEVELOPMENT CORPORATION MAY, HOWEVER, BE SUBJECT TO TAX ON UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATE OF AMERICA REQUIRE AN ENTITY TO ASSESS THE PROBABILITY THAT A TAX POSITION HAS A "MORE LIKELY THAN NOT" SUSTAINABILITY AFTER REVIEW BY TAX AUTHORITIES. IF A TAX POSITION IS DEEMED NOT TO MEET THIS THRESHOLD, ANY UNRECOGNIZED TAX BENEFITS AND COSTS ARE ESTIMATED AND RECOGNIZED. TAX RETURNS ARE ROUTINELY OPEN FOR REVIEW BY THE TAX AUTHORITIES FOR THREE YEARS FROM THEIR DUE DATE. IN CERTAIN CIRCUMSTANCES, THE STATUE OF LIMITATIONS MAY REMAIN OPEN INDEFINITELY. false false false false false false false false false DION IRISH TREASURER/CHIEF OF OPERATIONS 0 163754 0 0 0 0 0 0 0 30741 0 194495 0 0 ASHLEY GROFFENBERGER PRESIDENT/CFO, COLLECTOR-TREAS 0 168099 0 0 0 0 0 0 0 27099 0 195198 0 0 SEGUN IDOWU SECRETARY/CHEIF OF ECONOMIC OP 0 154436 0 0 0 0 0 0 0 11595 0 166031 0 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: TO STIMULATE NEW ECONOMIC DEVELOPMENT IN ONE OF BOSTON'S MOST UNDERDEVELOPED NEIGHBORHOODS, AS WELL AS TO LOCATE A NEW BOSTON PUBLIC SCHOOLS ("BPS") HEADQUARTERS IN THE DEMOGRAPHIC CENTER OF BOSTON'S SCHOOL POPULATION. THE MOST SIGNIFICANT ACTIVITIES HAVE BEEN TO ACQUIRE THE SITE, FINANCE, CONSTRUCT AND LEASE A 215,000 SQUARE FOOT BUILDING IN DUDLEY SQUARE IN BOSTON, MA, TO BE LEASED TO THE CITY OF BOSTON AND OCCUPIED BY BPS. FORM 990, PART VI, SECTION A, LINE 8B: THE CORPORATION DOES NOT HAVE OTHER COMMITTEES OTHER THAN THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B: A COPY OF THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: THE CONFLICT OF INTEREST POLICY IS DETAILED IN THE ORGANIZATIONS BYLAWS. BOARD MEMBERS AND OFFICERS ARE REQUIRED TO IMMEDIATELY DISCLOSE ANY CONFLICTS OF INTEREST AND THIS IS MONITORED BY THE BOARD PRESIDENT. FORM 990, PART VI, SECTION C, LINE 19: THE CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND COMBINING FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, SECTION A, LINE 2C: THE ORGANIZATION HAS NOT CHANGED THE PROCESS FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT ACCOUNTANT. DUDLEY SQUARE REALTY CORPORATION 1 CITY HALL SQUARE BOSTON MA 02201 453587059 SEE PART VII MA 501(C)(3) Gov Unit SEE PART VII false CITY OF BOSTON 1 CITY HALL SQUARE BOSTON MA 02201 046001380 SEE PART VII MA 115 Gov Unit NA false false false false false true false false false false false false false false false false false false false false DUDLEY SQUARE REALTY CORPORATION E 152935 ACTUAL COST SCHEDULE R, PART II, LINE 1(B): TO PROVIDE A FOUNDATION FOR NEW ECONOMIC DEVELOPMENT IN BOSTON. SCHEDULE R, PART II, LINE 1(F): CITY OF BOSTON. SCHEDULE R, PART II, LINE 2(B): TO PROVIDE FINANCIAL AND BUSINESS OPERATION SUPPORT.