Civic Intelligence

Monadnock Economic Development Corp

EIN 02-0395538 • 501(c)3 • Keene, NH

View Organization Page

Profile

Promotion of business development and relocations to the monadnock region of new hampshire

PO Box 704Keene, NH 03431

www.monadnock-development.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.98x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

95th percentile

6.68x

Higher debt load relative to revenue than 95% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

92nd percentile

58%

Higher net margin than 92% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

12th percentile

$97,651

Higher top officer pay than 12% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

6th percentile

-14%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

96th percentile

209%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$35,848,860

Down $5,606,994 (-14%) from 2023

Liabilities

Down

$35,267,241

Down $8,669,517 (-20%) from 2023

Net Assets

Up

$581,619

Up $3,062,523 (+123%) from 2023

Operations
Liabilities / Revenue95th percentileNet Margin92nd percentile

Revenue

Up

$5,279,361

Up $3,573,357 (+209%) from 2023

Expenses

Up

$2,216,838

Up $7,532 (+0.3%) from 2023

Net Income

Up

$3,062,523

Up $3,565,825 (+708%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0-$20MAssets 2011: $17,916,602Liabilities 2011: $14,958,212Net Assets 2011: $2,958,3902011Assets 2012: $18,624,719Liabilities 2012: $15,141,653Net Assets 2012: $3,483,0662012Assets 2013: $46,757,987Liabilities 2013: $39,334,809Net Assets 2013: $7,423,1782013Assets 2014: $33,266,594Liabilities 2014: $27,466,034Net Assets 2014: $5,800,5602014Assets 2015: $31,640,092Liabilities 2015: $28,168,432Net Assets 2015: $3,471,6602015Assets 2016: $27,863,859Liabilities 2016: $27,626,332Net Assets 2016: $237,5272016Assets 2017: $46,602,326Liabilities 2017: $44,867,881Net Assets 2017: $1,734,4452017Assets 2018: $53,247,862Liabilities 2018: $50,360,959Net Assets 2018: $2,886,9032018Assets 2019: $51,280,304Liabilities 2019: $48,871,241Net Assets 2019: $2,409,0632019Assets 2020: $46,243,648Liabilities 2020: $47,176,315Net Assets 2020: -$932,6672020Assets 2021: $44,564,780Liabilities 2021: $46,050,750Net Assets 2021: -$1,485,9702021Assets 2022: $42,887,115Liabilities 2022: $44,864,717Net Assets 2022: -$1,977,6022022Assets 2023: $41,455,854Liabilities 2023: $43,936,758Net Assets 2023: -$2,480,9042023Assets 2024: $35,848,860Liabilities 2024: $35,267,241Net Assets 2024: $581,6192024

Highlighted filing

2024

Assets$35,848,860
Liabilities$35,267,241
Net Assets$581,619
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2011: $2,877,2332011Expenses 2012: $2,208,1932012Revenue 2013: $6,460,508Expenses 2013: $2,505,344Net Income 2013: $3,955,1642013Revenue 2014: $1,941,422Expenses 2014: $3,564,040Net Income 2014: -$1,622,6182014Revenue 2015: $2,965,883Expenses 2015: $5,294,783Net Income 2015: -$2,328,9002015Revenue 2016: $2,398,707Expenses 2016: $5,632,840Net Income 2016: -$3,234,1332016Revenue 2017: $3,733,476Expenses 2017: $2,236,558Net Income 2017: $1,496,9182017Revenue 2018: $3,787,749Expenses 2018: $2,635,291Net Income 2018: $1,152,4582018Revenue 2019: $2,760,918Expenses 2019: $3,238,758Net Income 2019: -$477,8402019Revenue 2020: $1,834,195Expenses 2020: $3,659,521Net Income 2020: -$1,825,3262020Revenue 2021: $2,525,403Expenses 2021: $3,078,706Net Income 2021: -$553,3032021Revenue 2022: $1,917,108Expenses 2022: $2,408,740Net Income 2022: -$491,6322022Revenue 2023: $1,706,004Expenses 2023: $2,209,306Net Income 2023: -$503,3022023Revenue 2024: $5,279,361Expenses 2024: $2,216,838Net Income 2024: $3,062,5232024

Highlighted filing

2024

Revenue$5,279,361
Expenses$2,216,838
Net Income$3,062,523
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$35,848,860
Liabilities
$35,267,241
Net assets
$581,619
Revenue
$5,279,361
Expenses
$2,216,838
Net income
$3,062,523
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$35.8$35.3$0.58$5.28$2.22$3.06
2023Detailed filing. Detailed filing data is available for this year.$41.5$43.9$2.48$1.71$2.21$0.50
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.9$44.9$1.98$1.92$2.41$0.49
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$44.6$46.1$1.49$2.53$3.08$0.55
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.2$47.2$0.93$1.83$3.66$1.83
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$51.3$48.9$2.41$2.76$3.24$0.48
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.2$50.4$2.89$3.79$2.64$1.15
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.6$44.9$1.73$3.73$2.24$1.50
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$27.9$27.6$0.24$2.40$5.63$3.23
2015Detailed filing. Detailed filing data is available for this year.$31.6$28.2$3.47$2.97$5.29$2.33
2014Detailed filing. Detailed filing data is available for this year.$33.3$27.5$5.80$1.94$3.56$1.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.8$39.3$7.42$6.46$2.51$3.96
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$18.6$15.1$3.48$2.21
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.9$15.0$2.96$2.88
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2023 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 9, 2024
Return Version
2022v5.0
Gross Receipts
$2,386,850
Mission and Program Overview

Mission

Promotion of business development and relocations to the monadnock region of new hampshire.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$29,561,550$27,746,432▼ $1,815,118
Other Notes and Loans Receivable, Net$9,858,397$9,701,968▼ $156,429
Cash and Non-Interest-Bearing Accounts$1,700,189$1,845,491▲ $145,302
Prepaid Expenses and Deferred Charges$5,947$4,484▼ $1,463
Total Assets$42,887,115$41,455,854▼ $1,431,261
Other Assets Total$1,761,032$2,157,479▲ $396,447
Liabilities
Mortgage Notes Payable Secured by Investment Property$44,419,408$43,500,174▼ $919,234
Other Liabilities$225,442$232,132▲ $6,690
Accounts Payable and Accrued Expenses$164,721$149,306▼ $15,415
Deferred Revenue$55,146$55,146→ $0
Total Liabilities$44,864,717$43,936,758▼ $927,959
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,091,000$1,085,173▼ $5,827
Net Assets Without Donor Restrictions$-3,068,602$-3,566,077▼ $497,475
Total Net Assets Fund Balance$-1,977,602$-2,480,904▼ $503,302
Total Liabilities and Net Assets / Fund Balance$42,887,115$41,455,854▼ $1,431,261

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$24,363,894$6,318,385$30,682,279
Other Land Buildings$2,561,967-$2,561,967
Land$820,571-$820,571
Other Assets Org$4,197--
Compensation and Service Providers
Top Officer Pay12th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Cody MorrisonExecutive DirectorFT$90,500$5,850$96,350

Board Members and Trustees

NameTitle
Todd HornerPresident
Andrew RichardsonTrustee
Dan OsbornTrustee
George HanselTrustee
Juliana BergeronTrustee
Rik EkstromTrustee
Robert EdwardsTrustee
Stephen BragdonTrustee
Amanda LittletonSecretary
Steve SilversteinTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$148,027
Program Service Revenue
$1,702,239
Investment Income
$-155,846
Other Revenue
$11,584
All Other Contributions
$148,027
Change in Net Assets
$-503,302

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,706,004
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$1,706,004
Total Revenue per Form 990
$1,706,004
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,103,681
Salaries, Compensation, and Employee Benefits$105,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$1,215,726$1,987-$1,217,713
Interest$680,923--$680,923
Comp Disqual Persons-$97,428-$97,428
Fees for Services Other$91,995--$91,995
Fees for Services Accounting-$55,085-$55,085
Insurance-$22,786-$22,786
Payroll Taxes-$8,197-$8,197
Advertising-$7,959-$7,959
Occupancy$5,269--$5,269
Fees for Services Legal$718$3,556-$4,274
All Other Expenses$120$1,813-$1,933
Office Expenses-$1,544-$1,544
Conferences and Meetings-$1,140-$1,140
Other Expenses$4,785$1,061-$1,061
Total Functional Expenses$1,999,536$209,770$0$2,209,306

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,209,306
Total Expenses per Audited Statements$2,209,306
Total Expenses per Form 990$2,209,306
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Inter Entity Accounts Payable$227,935
Operating Lease Liability$4,197
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Review of the form 990 and independent auditors' report is conducted by the treasurer and president prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Trustees are required to review the policy, disclose any conflicts, and certify each year.”

Form 990, Part VI, Section B, Line 15

“Board of directors reviews and approves management compensation annually.”

Form 990, Part VI, Section C, Line 19

“All governing documents are made available to the public upon request at the office where the records are maintained.”

Filing and Contact Details

Filer

Filer Name
Monadnock Economic Development Corp
EIN
02-0395538
Phone
6033521000
Address
PO BOX 704, KEENE, NH 03431

Signing Officer

Name
Steven Silverstein
Title
Treasurer
Phone
6033521000
Signed
2024-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Steven Silverstein
Formed
1986
Legal Domicile
Nh
Voting Board Members
10
Independent Board Members
10
Employees
1
Volunteers
0

Preparer

Firm
Oster & Wheeler Pc
Address
265 WASHINGTON ST, KEENE, NH 03431
Preparer
Christopher R Wheeler CPA
Phone
6033524500
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“Medc qualifies as an organization exempt from income tax under section 501(c)(3) of the internal revenue code (irc). Accordingly, no provision for income taxes is required. Medc has evaluated its significant tax positions, including their tax-exempt status, and determined that they do not need to recognize a liability for any uncertain tax positions for interest, penalties or potential taxes. Accordingly, no provision for income taxes is required. Medc's annual federal return filing (form 990) and new hampshire annual report (nhct-12) remain subject to examination by major tax jurisdictions for the standard three-year statute of limitations. Medc production ave. Llc and heberton advancement llc, are for profit subsidiaries and are taxed as single member llc entities, which are disregarded at the federal level. Railroad land development llc, medc production ave. Llc, heberton advancement llc, and 76 winter street llc are consolidated as part of medc's non-profit tax filing.”

Raw XML AppendixShowing 400 of 500 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AdvertisingGrp/ManagementAndGeneralAmt07959
IRS990/AdvertisingGrp/TotalAmt07959
IRS990/AllOtherContributionsAmt0148027
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01813
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IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/PersonNm0D'ALESSIO AND ASSOCIATES INC CO
IRS990/BooksInCareOfDetail/PhoneNum06033521000
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0603-352-1000 543 WEST STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0KEENE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd003431
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
IRS990/CompDisqualPersonsGrp/ManagementAndGeneralAmt097428
IRS990/CompDisqualPersonsGrp/TotalAmt097428
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt01140
IRS990/ConferencesMeetingsGrp/TotalAmt01140
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0148027
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0-155846
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IRS990/DepreciationDepletionGrp/TotalAmt01217713
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IRS990/DescribedInSection501c3Ind01
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IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt01
IRS990/EmploymentTaxReturnsFiledInd01
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IRS990/FeesForServicesLegalGrp/TotalAmt04274
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt091995
IRS990/FeesForServicesOtherGrp/TotalAmt091995
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
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IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt02386850
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IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt022786
IRS990/InsuranceGrp/TotalAmt022786
IRS990/InterestGrp/ProgramServicesAmt0680923
IRS990/InterestGrp/TotalAmt0680923
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
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IRS990/LandBldgEquipBasisNetGrp/BOYAmt029561550
IRS990/LandBldgEquipBasisNetGrp/EOYAmt027746432
IRS990/LandBldgEquipCostOrOtherBssAmt034064817
IRS990/LegalDomicileStateCd0NH
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0680846
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTION OF BUSINESS DEVELOPMENT AND RELOCATIONS TO THE MONADNOCK REGION OF NEW HAMPSHIRE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt044419408
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt043500174
IRS990/NetAssetsOrFundBalancesBOYAmt0-1977602
IRS990/NetAssetsOrFundBalancesEOYAmt0-2480904
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-155846
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-155846
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-3068602
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-3566077
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt05269
IRS990/OccupancyGrp/TotalAmt05269
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01544
IRS990/OfficeExpensesGrp/TotalAmt01544
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01761032
IRS990/OtherAssetsTotalGrp/EOYAmt02157479
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0STATE TAXES
IRS990/OtherExpensesGrp/Desc1CONDO FEES
IRS990/OtherExpensesGrp/Desc2REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05471
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt11743
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt21061
IRS990/OtherExpensesGrp/ProgramServicesAmt04785
IRS990/OtherExpensesGrp/TotalAmt05471
IRS990/OtherExpensesGrp/TotalAmt14785
IRS990/OtherExpensesGrp/TotalAmt21743
IRS990/OtherExpensesGrp/TotalAmt31061
IRS990/OtherLiabilitiesGrp/BOYAmt0225442
IRS990/OtherLiabilitiesGrp/EOYAmt0232132
IRS990/OtherRevenueMiscGrp/BusinessCd0541900
IRS990/OtherRevenueMiscGrp/BusinessCd1990009
IRS990/OtherRevenueMiscGrp/Desc0INCOME FROM DEPOSITS
IRS990/OtherRevenueMiscGrp/Desc1OTHER INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt09950
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11634
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09950
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11634
IRS990/OtherRevenueTotalAmt011584
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt09858397
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt09701968
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt08197
IRS990/PayrollTaxesGrp/TotalAmt08197
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05947
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04484
IRS990/PrincipalOfficerNm0STEVEN SILVERSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1541900
IRS990/ProgramServiceRevenueGrp/BusinessCd2541900
IRS990/ProgramServiceRevenueGrp/BusinessCd3541900
IRS990/ProgramServiceRevenueGrp/Desc0RENTS
IRS990/ProgramServiceRevenueGrp/Desc1INCOME FROM LOANS
IRS990/ProgramServiceRevenueGrp/Desc2APPLICATION FEES
IRS990/ProgramServiceRevenueGrp/Desc3CONSULTING INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01555821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1138918
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt25000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt32500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01555821
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1138918
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt25000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt32500
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0296661
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-152388
IRS990/PYOtherExpensesAmt02371777
IRS990/PYOtherRevenueAmt0770
IRS990/PYProgramServiceRevenueAmt01772065
IRS990/PYRevenuesLessExpensesAmt0-491632
IRS990/PYSalariesCompEmpBnftPaidAmt036963
IRS990/PYTotalExpensesAmt02408740
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01917108
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-503302
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01713823
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0148027
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0296661
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0692886
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0897418
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0207743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02242735
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011584
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt0770
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt025649
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt071607
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0109610
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.95340
IRS990ScheduleA/PublicSupportPY170Pct00.95610
IRS990ScheduleA/PublicSupportTotal170Amt02242735
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0148027
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0296661
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0692886
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0897418
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0207743
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02242735
IRS990ScheduleA/TotalSupportAmt02352345
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt024363894
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06318385
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt030682279
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02209306
IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0820571
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt01879305
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1227935
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt245767
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3275
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt44197
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEFERRED RENT RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTRA ENTITY RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4OPERATING RIGHT-OF-USE ASSET, NET
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt02561967
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt02561967
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0227935
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt14197
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTER ENTITY ACCOUNTS PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1OPERATING LEASE LIABILITY
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01706004
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0MEDC QUALIFIES AS AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. MEDC HAS EVALUATED ITS SIGNIFICANT TAX POSITIONS, INCLUDING THEIR TAX-EXEMPT STATUS, AND DETERMINED THAT THEY DO NOT NEED TO RECOGNIZE A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS FOR INTEREST, PENALTIES OR POTENTIAL TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. MEDC'S ANNUAL FEDERAL RETURN FILING (FORM 990) AND NEW HAMPSHIRE ANNUAL REPORT (NHCT-12) REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS FOR THE STANDARD THREE-YEAR STATUTE OF LIMITATIONS. MEDC PRODUCTION AVE. LLC AND HEBERTON ADVANCEMENT LLC, ARE FOR PROFIT SUBSIDIARIES AND ARE TAXED AS SINGLE MEMBER LLC ENTITIES, WHICH ARE DISREGARDED AT THE FEDERAL LEVEL. RAILROAD LAND DEVELOPMENT LLC, MEDC PRODUCTION AVE. LLC, HEBERTON ADVANCEMENT LLC, AND 76 WINTER STREET LLC ARE CONSOLIDATED AS PART OF MEDC'S NON-PROFIT TAX FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027746432
IRS990ScheduleD/TotalBookValueOtherAssetsAmt02157479
IRS990ScheduleD/TotalExpensesPerForm990Amt02209306
IRS990ScheduleD/TotalLiabilityAmt0232132
IRS990ScheduleD/TotalRevenuePerForm990Amt01706004
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01706004
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02209306
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEW OF THE FORM 990 AND INDEPENDENT AUDITORS' REPORT IS CONDUCTED BY THE TREASURER AND PRESIDENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TRUSTEES ARE REQUIRED TO REVIEW THE POLICY, DISCLOSE ANY CONFLICTS, AND CERTIFY EACH YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD OF DIRECTORS REVIEWS AND APPROVES MANAGEMENT COMPENSATION ANNUALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE OFFICE WHERE THE RECORDS ARE MAINTAINED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd2N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0RAILROAD LAND DEVELOPMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt133 WINTER STREET LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2HEBERTON ADVANCEMENT LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0205431632
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1822405189
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0NH
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1NH
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2NH
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0DEVELOPMENT, CONSTRUCTION

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