2026-08-04T07:54:36-05:00 2025-12-31 333709623 COHNREZNICK ADVISORY LLC ONE POST OFFICE SQUARE SUITE 2950 BOSTON MA 02109 990 2025-01-01 237164223 MADISON PARK DEVELOPMENT CORPORATION MADI 6175413900 184 DUDLEY STREET ROXBURY MA 02119 AMANDA PURICELLI CHIEF FINANCIAL OFFICER 6175413900 2026-08-04 1 LORI ROTHE YOKOBOSKY P01273422 6176481400 2026-07-31 2025 2025-03-06 01:10:19Z AMANDA PURICELLI 184 DUDLEY STREET ROXBURY MA 02119 14835211 0 X WWW.MADISON-PARK.ORG X 1970 MA SELF-SUFFICIENCY AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE-INCOME RESIDENTS 6 6 35 10 0 0 34074700 7921604 2371357 2084494 265882 3833550 12306 995563 36724245 14835211 6159087 1113068 0 0 4449434 3732605 0 0 326697 9150718 5680587 19759239 10526260 16965006 4308951 53164938 59815681 22422579 20724470 30742359 39091211 X MADISON PARK DEVELOPMENT CORPORATION'S OVERALL MISSION IS TO FOSTER THE SOCIAL, PHYSICAL, ECONOMIC AND CULTURAL RENAISSANCE OF THE ROXBURY COMMUNITY BY PROMOTING THE ECONOMIC SELF-SUFFICIENCY AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE INCOME RESIDENTS FOR HOME OWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION. 0 0 5771955 1113068 2155192 REAL ESTATE - MPDC, THROUGH ITS REAL ESTATE PROGRAM, ACTS AS EITHER THE DEVELOPER OR CO-DEVELOPER ON PROPERTIES BENEFITTING LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. IN ADDITION, MPDC OPERATES RENTAL PROPERTIES BENEFITTING THE LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. THE REAL ESTATE PROGRAM ALSO INCLUDES THE COMPANY'S ASSET MANAGEMENT BUSINESS WHICH OVERSEES THE OPERATIONS OF ALL RESIDENTIAL AND COMMERCIAL RENTAL PROPERTIES, AS WELL AS ITS EARLY STAGE DEVELOPMENT ACTIVITIES. 1013058 876553 HIBERNIAN HALL - THE HIBERNIAN HALL PROGRAM PROMOTES, PRODUCES AND PRESENTS PERFORMING ARTS PROGRAMS THAT CELEBRATE THE MULTI-CULTURAL HERITAGE OF ROXBURY. IN ADDITION, THE HALL IS RENTED FOR VARIOUS CELEBRATORY AND CULTURAL FUNCTIONS. 2649093 48312 COMMUNITY ACTION- MPDC, THROUGH ITS COMMUNITY ORGANIZING ACTIVITIES, SEEKS TO PROMOTE AN ACTIVE AND HEALTHY ENVIRONMENT FOR LOCAL RESIDENTS THROUGH PROGRAMMING FOCUSED ON HEALTH EQUITY AND WELLNESS, CIVIC ENGAGEMENT, YOUTH LEADERSHIP AND WORKFORCE DEVELOPMENT, RESIDENTIAL LEADERSHIP AND PUBLIC SAFETY INITIATIVES. 9434106 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 269 0 1 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 6 6 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 MA X AMANDA PURICELLI 6175413900 184 DUDLEY STREET ROXBURY MA 02119 AYANNA HINES PRESIDENT (UNTIL 07/25) 1.00 3.00 X X 0 0 0 CHANDA K SMART DIRECTOR (UNTIL 07/25) 1.00 3.00 X 0 0 0 DWAYNE WATTS DIRECTOR (UNTIL 07/25) 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 JEANNE PINADO DIRECTOR (AS OF 09/25) 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 (UNTIL 02/25) 1.00 3.00 X 0 0 0 SONRISA HAYNES DIRECTOR 1.00 3.00 X 0 0 0 AMANDA PURICELLI CFO 40.00 3.00 X 0 0 0 INGRID TUCKER CEO (UNTIL 07/25) 40.00 3.00 X 307946 0 24195 INTIYA AMBROGI-ISAZA VICE PRESIDENT OF REAL ESTATE 40.00 3.00 X 216285 0 28695 KATE BENNET INTERIM CEO (AS OF 08/25) 32.00 3.00 X 0 0 0 ANTONIO RODRIGUEZ SENIOR ASSET MANAGER 40.00 X 137916 0 14813 LYNDON HADYN VINCENT DIRECTOR OF COMMUNITY ACTION 40.00 X 148438 0 52301 MEGAN REAGON SENIOR PROJECT MANAGER 40.00 X 128573 0 26602 MEGHAN HIGGINS DIRECTOR OF COMMUNITY ACTION GRANTS & EVALUATION 40.00 X 117969 0 12124 SILVIA RAMIREZ CONTROLLER 40.00 X 111071 0 32192 1168198 0 190922 9 0 1 0 ANDERSON KRIEGER 50 MILK STREET 21ST FLOOR BOSTON MA 02109 LEGAL SERVICES 388488 THREE-KAY CONSULTING 24 SCHOOL STREET 2ND FLOOR BOSTON MA 02108 OUTSOURCED CFO SERVICES 163314 COHNREZNICK ONE POST OFFICE SQUARE SUITE 2950 BOSTON MA 02109 AUDIT & TAX SERVICES 104798 3 5467514 1087515 1366575 7921604 RENTAL INCOME 531390 876553 876553 INTEREST ON NOTES REC. 531390 445179 445179 DEVELOPMENT FEE REVENUE 531390 409344 409344 MANAGEMENT FEES 531310 305106 305106 PROGRAM FEES 900099 48312 48312 2084494 2622135 2622135 1211415 0 1211415 1211415 1211415 FORGIVENESS INCOME 900099 986913 986913 8650 8650 995563 14835211 3080057 0 3833550 89823 89823 1023245 1023245 577122 520938 25217 30967 2334341 2109371 100221 124749 220104 196540 11277 12287 601038 536694 30793 33551 585482 476721 108761 105381 42253 63128 196013 116557 79456 708294 447623 205688 54983 8945 7263 704 978 420727 278452 103319 38956 425558 425558 65586 54703 8766 2117 109880 109880 949476 949476 107797 91432 16365 40002 40002 BAD DEBT EXPENSE 1907186 1907186 DUES & SUBSCRIPTIONS 23693 9205 11762 2726 26567 1184 25383 10526260 9434106 765457 326697 578983 2064889 1788577 2863129 14664791 13136418 17450 15336 946830 687591 366964 259239 35478043 40689389 270130 787281 53164938 59815681 851035 879614 7000 84064 11200 17562308 17140532 4002236 2609060 22422579 20724470 X 30222592 38626208 519767 465003 30742359 39091211 53164938 59815681 X 4308951 2722009 945311 372581 X 0 1 X 1 0 X 2749219 2484849 2392298 34074700 7921604 49622670 1600037 574493 2304211 2371357 2084494 8934592 4349256 3059342 4696509 36446057 10006098 58557262 0 0 0 58557262 1542883 1474831 223815 265882 2622135 6129546 1542883 1474831 223815 265882 2622135 6129546 2428711 2428711 3510551 450668 116408 12306 995563 5085496 11831401 4984841 5036732 36724245 13623796 72201015 0.81100 0.79830 0.08490 0.07430 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 3,510,551. 2022 AMOUNT: $ 450,668. 2023 AMOUNT: $ 523. 2024 AMOUNT: $ 12,306. 2025 AMOUNT: $ 8,650. HISTORIC TAX CREDIT - 2023 AMOUNT: $ 115,885. FORGIVENESS INCOME - 2025 AMOUNT: $ 986,913. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 22219 22219 146000 131400 14600 195968 56526 139442 556888 480085 76803 25755 19580 6175 259239 DUE TO AFFILIATES 2375787 CONSTRUCTION PAYABLES 201141 FISCAL CONDUIT - ORCHARD GARDENS RESIDENTS ASSN. 32132 2609060 X PART X, LINE 2: MPDC AND CERTAIN SUBSIDIARIES AS LISTED BELOW, 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, 2025 AND 2024, 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. CERTAIN SUBSIDIARIES ARE SINGLE-MEMBER LIMITED LIABILITY COMPANIES WHICH ARE NOT RECOGNIZED FOR FEDERAL INCOME TAX PURPOSES. 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 LOWER ROXBURY COMMUNITY CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 043126706 501(C)(3) 75000 0 GENERAL SUPPORT MADISON PARK HOUSING CORPORATION 184 DUDLEY STREET SUITE 102 ROXBURY MA 02119 042743779 501(C)(3) 14823 0 GENERAL SUPPORT 2 0 STIPENDS 276 963245 SCHOLARSHIP EXPENSE 22 60000 PART I, LINE 2: A SCHOLARSHIP COMMITTEE DECIDES WHO WILL BE AWARDED THE SCHOLARSHIP AND A CHECK IS CUT DIRECTLY TO THE UNIVERSITY TO BE APPLIED AGAINST THE STUDENT'S TUITION. GRANTS TO ORGANIZATIONS ARE GIVEN TO RELATED ORGANIZATIONS, AND THEREFORE USE CAN BE EASILY MONITORED. X X X 0 0 0 0 0 0 0 1 0 INGRID TUCKER CEO (UNTIL 07/25) 177946 0 0 0 130000 0 7118 0 17077 0 332141 0 0 0 INTIYA AMBROGI-ISAZA VICE PRESIDENT OF REAL ESTATE 210285 0 6000 0 0 0 8651 0 20044 0 244980 0 0 0 LYNDON HADYN VINCENT DIRECTOR OF COMMUNITY ACTION 141938 0 6500 0 0 0 5937 0 46364 0 200739 0 0 0 MEGAN REAGON SENIOR PROJECT MANAGER 120376 0 3500 0 4697 0 5143 0 21459 0 155175 0 0 0 ANTONIO RODRIGUEZ SENIOR ASSET MANAGER 134416 0 3500 0 0 0 5517 0 9296 0 152729 0 0 0 PART I, LINE 7 INCLUDED IN PART II, COLUMN B(II) ARE AMOUNTS REPRESENTING BONUS PAYMENTS. THESE AMOUNTS WERE INCLUDED IN THE INDIVIDUAL'S 2025 W-2, AND APPROVED BY THE BOARD. FORM 990, PART VI, SECTION A, LINE 3 DURING THE YEAR, THE ORGANIZATION ENGAGED THIRD-PARTY CONSULTING FIRMS TO PROVIDE AN INTERIM CEO AND OUTSOURCED CFO SERVICES. THESE INDIVIDUALS PERFORMED MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OFFICERS OF THE ORGANIZATION, INCLUDING OVERSIGHT OF OPERATIONS, FINANCIAL MANAGEMENT, BUDGETING, AND RELATED MANAGEMENT FUNCTIONS. THE ORGANIZATION COMPENSATED THE CONSULTING FIRMS FOR THESE SERVICES PURSUANT TO SERVICE AGREEMENTS. 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 MPDC 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-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS EMPLOYED A CONSULTANT TO PERFORM A COMPENSATION STUDY IN 2021 TO DETERMINE THE APPROPRIATENESS OF THE CEO'S OVERALL COMPENSATION. THE CEO USES THE SERVICES OF A HUMAN RESOURCES CONSULTANT WHO PERIODICALLY CHECKS THE APPROPRIATENESS OF COMPENSATION LEVELS COMPANY WIDE. 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: CHANGES RELATED TO DISREGARDED ENTITIES 372,581. 2451 WASHINGTON LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 203909215 RENTAL REAL ESTATE MA 0 0 MPDC MADISON BARD LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 273060171 RENTAL REAL ESTATE MA 0 0 MPDC MADISON GATEWAY LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 463359675 RENTAL REAL ESTATE MA 0 3861 MPDC MADISON PROPERTY DEVELOPMENT LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 237164223 RENTAL REAL ESTATE MA 0 0 MPDC MADISON SCHOOLHOUSE LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 261591413 RENTAL REAL ESTATE MA 0 0 MPDC MADISON TROPICAL LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 452804996 RENTAL REAL ESTATE MA 0 0 MPDC P10 DEVELOPMENT SERVICES LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 364748875 RENTAL REAL ESTATE MA 0 0 MPDC TROPICAL-MELNEA HOLDINGS LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 463342679 REAL ESTATE MA 0 0 MPDC LOWER ROXBURY COMMUNITY CORPORATION 184 DUDLEY STREET ROXBURY MA 02119 237011408 RENTAL REAL ESTATE MA 501(C)(3) LINE 10 MPDC 1 MADISON PARK ECONOMIC DEVELOPMENT CORPORATION 184 DUDLEY STREET ROXBURY MA 02119 043126706 RENTAL REAL ESTATE MA 501(C)(3) LINE 10 MPDC 1 MADISON PARK HOUSING CORPORATION 184 DUDLEY STREET ROXBURY MA 02119 042743779 RENTAL REAL ESTATE MA 501(C)(3) LINE 10 MPDC 1 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 200 ROXBURY MA 02119 364796660 RENTAL REAL ESTATE MA N/A 0 0 MADISON HAYNES LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 831853112 RENTAL REAL ESTATE MA N/A 0 0 MADISON MELNEA CASS LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 821769920 RENTAL REAL ESTATE MA N/A 0 0 MADISON PARK IV 2011 LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 453459053 RENTAL REAL ESTATE MA N/A 0 0 MADISON TRINITY LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 043339768 RENTAL REAL ESTATE MA N/A 0 0 MPIII TOWNHOMES LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 473681685 RENTAL REAL ESTATE MA N/A 0 0 SCHOOL HOUSE BROOKLEDGE CUMMINS LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 SCHOOL HOUSE KENILWORTH WILLIAMS LIMITED PARTNERSHIP 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 SMITH SENIOR RESIDENCES LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 320494148 RENTAL REAL ESTATE MA N/A 0 0 MADISON TRINITY 2085 DEVELOPMENT LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 MADISON WILLIAMS LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 RUGGLES SHAWMUT HOUSING LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 RENTAL REAL ESTATE MA N/A 0 0 ADAMS ORCHARD INC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 043428514 RENTAL REAL ESTATE MA MPDC C -37 0.51000 1 BERYL GARDENS COOPERATIVE CORPORATION 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 043296338 RENTAL REAL ESTATE MA N/A C 0 BERYL GARDENS INC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 043293227 RENTAL REAL ESTATE MA N/A C 0 DUDLEY GREENVILLE MM LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 272754424 RENTAL REAL ESTATE MA MPDC C -251432 13476380 1.00000 1 MADISON BOTOLPH GP INC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 462310065 RENTAL REAL ESTATE MA N/A C 0 MADISON HAYNES MM LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 831836890 RENTAL REAL ESTATE MA N/A C 0 MADISON MELNEA CASS MM LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 821755853 RENTAL REAL ESTATE MA N/A C 0 MADISON PARK IV GP LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 453261293 RENTAL REAL ESTATE MA N/A C 0 MADISON WILLIAMS MM LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 RENTAL REAL ESTATE MA MPDC C -39 23892 0.51000 1 MPIII TOWNHOMES MM LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 473661174 RENTAL REAL ESTATE MA N/A C 0 MTV INC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 043339765 RENTAL REAL ESTATE MA MPDC C -14447 51 0.51000 1 SCHOOLHOUSE B C MADISON PARK AND EAF LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 RENTAL REAL ESTATE MA MPDC C -1867 5708 0.51000 1 SCHOOLHOUSE K W MADISON PARK AND EAF LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 RENTAL REAL ESTATE MA MPDC C -2023 651 0.51000 1 SMITH SENIOR RESIDENCES MM LLC 184 DUDLEY STREET SUITE 200 ROXBURY MA 02119 812393714 RENTAL REAL ESTATE MA N/A C 0 0 0 0 1 1 1 0 0 0 0 0 1 1 1 1 1 1 1 0 MADISON PARK HOUSING CORPORATION C 4498162 CASH LOWER ROXBURY COMMUNITY CORPORATION C 969351 CASH LOWER ROXBURY COMMUNITY CORPORATION B 75000 CASH