Civic Intelligence

New Garden Park Inc.

990 • Fiscal year 2018 • EIN 20-1727883

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 26, 2019

89 Shrewsbury StreetWorcester, MA 01604

(508) 755-5734

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.97x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

94th percentile

5.10x

Higher debt load relative to revenue than 94% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

59th percentile

6.4%

Higher net margin than 59% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

68th percentile

7.1%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

97th percentile

213%

Faster revenue growth than 97% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Assets

Up

$28,935,200

Up $1,927,136 (+7.1%) from 2017

Net Assets

Up

$901,417

Up $353,459 (+65%) from 2017

Liabilities

Up

$28,033,783

Up $1,573,677 (+5.9%) from 2017

Revenue

Up

$5,496,414

Up $3,739,357 (+213%) from 2017

Expenses

Up

$5,142,955

Up $2,758,512 (+116%) from 2017

Net Income

Up

$353,459

Up $980,845 (+156%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2010: $2,056,595Liabilities 2010: $1,807,817Net Assets 2010: $248,7782010Assets 2011: $3,039,154Liabilities 2011: $3,004,357Net Assets 2011: $34,7972011Assets 2012: $3,501,465Liabilities 2012: $3,434,008Net Assets 2012: $67,4572012Assets 2013: $7,465,060Liabilities 2013: $7,525,981Net Assets 2013: -$60,9212013Assets 2014: $24,880,957Liabilities 2014: $22,859,043Net Assets 2014: $2,021,9142014Assets 2015: $25,513,441Liabilities 2015: $23,611,278Net Assets 2015: $1,902,1632015Assets 2016: $26,626,434Liabilities 2016: $25,451,090Net Assets 2016: $1,175,3442016Assets 2017: $27,008,064Liabilities 2017: $26,460,106Net Assets 2017: $547,9582017Assets 2018: $28,935,200Liabilities 2018: $28,033,783Net Assets 2018: $901,4172018Assets 2019: $30,324,463Liabilities 2019: $27,423,311Net Assets 2019: $2,901,1522019Assets 2020: $32,374,649Liabilities 2020: $25,646,332Net Assets 2020: $6,728,3172020Assets 2021: $35,860,729Liabilities 2021: $10,693,237Net Assets 2021: $25,167,4922021Assets 2022: $37,046,113Liabilities 2022: $11,333,556Net Assets 2022: $25,712,5572022Assets 2023: $42,233,185Liabilities 2023: $16,052,666Net Assets 2023: $26,180,5192023Assets 2024: $48,673,301Liabilities 2024: $20,990,009Net Assets 2024: $27,683,2922024

Highlighted filing

2018

Assets$28,935,200
Liabilities$28,033,783
Net Assets$901,417

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $61,4002010Expenses 2011: $907,1622011Revenue 2012: $803,545Expenses 2012: $770,885Net Income 2012: $32,6602012Revenue 2013: $584,079Expenses 2013: $712,457Net Income 2013: -$128,3782013Revenue 2014: $3,513,916Expenses 2014: $1,431,081Net Income 2014: $2,082,8352014Revenue 2015: $1,637,841Expenses 2015: $1,757,592Net Income 2015: -$119,7512015Revenue 2016: $1,707,160Expenses 2016: $2,433,979Net Income 2016: -$726,8192016Revenue 2017: $1,757,057Expenses 2017: $2,384,443Net Income 2017: -$627,3862017Revenue 2018: $5,496,414Expenses 2018: $5,142,955Net Income 2018: $353,4592018Revenue 2019: $15,620,405Expenses 2019: $13,620,670Net Income 2019: $1,999,7352019Revenue 2020: $8,241,954Expenses 2020: $4,414,789Net Income 2020: $3,827,1652020Revenue 2021: $21,019,526Expenses 2021: $2,580,351Net Income 2021: $18,439,1752021Revenue 2022: $1,415,061Expenses 2022: $869,996Net Income 2022: $545,0652022Revenue 2023: $1,650,371Expenses 2023: $1,182,409Net Income 2023: $467,9622023Revenue 2024: $7,990,383Expenses 2024: $6,489,795Net Income 2024: $1,500,5882024

Highlighted filing

2018

Revenue$5,496,414
Expenses$5,142,955
Net Income$353,459
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jun 26, 2019
Return Version
2018v3.1
Gross Receipts
$5,499,616
Mission and Program Overview

Mission

To carry out and operate for the benefit of the charitable purposes of the worcester business development corporation (wbdc) and lessen the burdens of government by combating community deterioration and enabling economic development by providing infrastructure in distressed areas through the acquistion, holding, owning, maintenance, improvement, lease, finance, refinance, selling, exchange or other disposition of all or part of its properties.

To lessen the burdens of government by combating community deterioration and enabling economic development by providing infrastructure and parking facilities in distressed areas.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$20,201,562$20,201,562→ $0
Investments Program Related$2,513,843$2,154,251▼ $359,592
Cash and Non-Interest-Bearing Accounts$480,426$830,334▲ $349,908
Accounts Receivable$203,946$356,031▲ $152,085
Pledges and Grants Receivable$70,000$0▼ $70,000
Prepaid Expenses and Deferred Charges$4,737$16,029▲ $11,292
Total Assets$27,008,064$28,935,200▲ $1,927,136
Other Assets Total$3,533,550$5,376,993▲ $1,843,443
Liabilities
Mortgage Notes Payable Secured by Investment Property$18,572,085$19,002,906▲ $430,821
Other Liabilities$7,834,138$8,973,790▲ $1,139,652
Deferred Revenue$50,635$39,553▼ $11,082
Accounts Payable and Accrued Expenses$3,248$17,534▲ $14,286
Total Liabilities$26,460,106$28,033,783▲ $1,573,677
Net Assets / Fund Balance
Unrestricted Net Assets$477,958$901,417▲ $423,459
Temporarily Rstr Net Assets$70,000$0▼ $70,000
Total Net Assets Fund Balance$547,958$901,417▲ $353,459
Total Liabilities and Net Assets / Fund Balance$27,008,064$28,935,200▲ $1,927,136

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$2,154,251--
Other Assets Org$5,376,993--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$4,261,676
Program Service Revenue
$884,419
Investment Income
$0
Other Revenue
$350,319
All Other Contributions
$4,261,676
Change in Net Assets
$353,459

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,496,414
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$4,290
Total Revenue per Audited Statements
$5,500,704
Total Revenue per Form 990
$5,496,414
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,142,955
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$879,792--$879,792
Fees for Services Other$129,397--$129,397
Insurance$8,824$8,461-$17,285
Fees for Services Accounting$11,200$5,150-$16,350
Fees for Services Legal$4,902$2,255-$7,157
Office Expenses$788$354-$1,142
Other Expenses$100--$100
Total Functional Expenses$5,126,735$16,220$0$5,142,955

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,142,955
Total Expenses per Audited Statements$5,142,955
Total Expenses per Form 990$5,142,955
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
Yes

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
Notes Payable to Wbdc$7,525,810
Due to Wbdc$1,430,820
Deferred Rent Payable - Gaap$17,160
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 family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
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

All individuals on the organization's board of directors reviews and follows up on all changes.

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

Every member of the board of directors signs a written conflict of interest policy every year.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
New Garden Park Inc
EIN
20-1727883
Phone
5087555734
Address
89 SHREWSBURY STREET, WORCESTER, MA 01604

Signing Officer

Name
Craig L Blais
Title
President & CEO
Phone
5087555734
Signed
2019-06-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Craig L Blais
Formed
2004
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Nadeau Wadovick Llp
Address
1300 DIVISION ROAD SUITE 104, WEST WARWICK, RI 02893
Preparer
Jeffrey D Wadovick CPA
Phone
4018234004
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has a committee that assumes responsibility for oversight of the review of its financial statements and selection of independent accountants. This process is the same as prior years.

Financial Statement Notes

PART X, LINE 2:

New garden park, inc. (ngp) follows the standards for accounting for uncertainty in income taxes, which requires ngp to report any uncertain tax positions and to adjust it's combining financial statements for the impact thereof. As of december 31, 2018, ngp determined that it had no tax positions that did not meet the "more likely than not" threshold of being sustained by the applicable tax authority. The ngp files tax and information returns in the united states federal and massachusetts state jurisdictions. These returns are generally subject to examination by tax authorities for the last three years.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Gaap lease adjustment - book to tax

Raw XML AppendixShowing 400 of 514 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
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt03248
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt017534
IRS990/AccountsReceivableGrp/BOYAmt0203946
IRS990/AccountsReceivableGrp/EOYAmt0356031
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE AND PARKING FACILITIES IN DISTRESSED AREAS.
IRS990/AllOtherContributionsAmt04261676
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0KATHLEEN KELLEHER CPA (CFO)
IRS990/BooksInCareOfDetail/PhoneNum05087555734
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt089 SHREWSBURY STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0WORCESTER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001604
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0480426
IRS990/CashNonInterestBearingGrp/EOYAmt0830334
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt04261676
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt05142955
IRS990/CYOtherRevenueAmt0350319
IRS990/CYProgramServiceRevenueAmt0884419
IRS990/CYRevenuesLessExpensesAmt0353459
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt05142955
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt05496414
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt050635
IRS990/DeferredRevenueGrp/EOYAmt039553
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE AND PARKING FACILITIES IN DISTRESSED AREAS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt05126735
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt05150
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt011200
IRS990/FeesForServicesAccountingGrp/TotalAmt016350
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02255
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt04902
IRS990/FeesForServicesLegalGrp/TotalAmt07157
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0129397
IRS990/FeesForServicesOtherGrp/TotalAmt0129397
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt020.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt41.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt61.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/PersonNm0CRAIG L BLAIS
IRS990/Form990PartVIISectionAGrp/PersonNm1ANDREW B O'DONNELL
IRS990/Form990PartVIISectionAGrp/PersonNm2KATHLEEN EICHELROTH
IRS990/Form990PartVIISectionAGrp/PersonNm3TROY SIEBELS
IRS990/Form990PartVIISectionAGrp/PersonNm4JOHN CREEDON JR
IRS990/Form990PartVIISectionAGrp/PersonNm5TODD RODMAN
IRS990/Form990PartVIISectionAGrp/PersonNm6KATHERINE BADGIS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02004
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05499616
IRS990/GrossRentsGrp/RealAmt0353521
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt08461
IRS990/InsuranceGrp/ProgramServicesAmt08824
IRS990/InsuranceGrp/TotalAmt017285
IRS990/InterestGrp/ProgramServicesAmt0879792
IRS990/InterestGrp/TotalAmt0879792
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02513843
IRS990/InvestmentsProgramRelatedGrp/EOYAmt02154251
IRS990/IRPDocumentCnt016
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LessRentalExpensesGrp/RealAmt03202
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO CARRY OUT AND OPERATE FOR THE BENEFIT OF THE CHARITABLE PURPOSES OF THE WORCESTER BUSINESS DEVELOPMENT CORPORATION (WBDC) AND LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE IN DISTRESSED AREAS THROUGH THE ACQUISTION, HOLDING, OWNING, MAINTENANCE, IMPROVEMENT, LEASE, FINANCE, REFINANCE, SELLING, EXCHANGE OR OTHER DISPOSITION OF ALL OR PART OF ITS PROPERTIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt018572085
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt019002906
IRS990/NetAssetsOrFundBalancesBOYAmt0547958
IRS990/NetAssetsOrFundBalancesEOYAmt0901417
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt0350319
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0350319
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0354
IRS990/OfficeExpensesGrp/ProgramServicesAmt0788
IRS990/OfficeExpensesGrp/TotalAmt01142
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt03533550
IRS990/OtherAssetsTotalGrp/EOYAmt05376993
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROJECT DEVELOPMENT COS
IRS990/OtherExpensesGrp/Desc1LOSS ON INVESTMENT IN 2
IRS990/OtherExpensesGrp/Desc2RENT EXPENSE
IRS990/OtherExpensesGrp/Desc3IDEA LAB EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt03469223
IRS990/OtherExpensesGrp/ProgramServicesAmt1359592
IRS990/OtherExpensesGrp/ProgramServicesAmt2262917
IRS990/OtherExpensesGrp/ProgramServicesAmt3100
IRS990/OtherExpensesGrp/TotalAmt03469223
IRS990/OtherExpensesGrp/TotalAmt1359592
IRS990/OtherExpensesGrp/TotalAmt2262917
IRS990/OtherExpensesGrp/TotalAmt3100
IRS990/OtherLiabilitiesGrp/BOYAmt07834138
IRS990/OtherLiabilitiesGrp/EOYAmt08973790
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt020201562
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt020201562
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt070000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04737
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt016029
IRS990/PrincipalOfficerNm0CRAIG L BLAIS
IRS990/ProfessionalFundraisingInd01
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/Desc0NOTE RECEIVABLE INTERE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0884419
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0884419
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0663159
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt02384443
IRS990/PYOtherRevenueAmt0210294
IRS990/PYProgramServiceRevenueAmt0883604
IRS990/PYRevenuesLessExpensesAmt0-627386
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02384443
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01757057
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0353459
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0350319
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0884419
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0042381829
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WORCESTER BUSINESS DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05142955
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt02154251
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN 20 FRANKLIN QALICB CORP.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt05376993
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPMENT PROJECTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01430820
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17525810
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt217160
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO WBDC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE TO WBDC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED RENT PAYABLE - GAAP
IRS990ScheduleD/OtherRevenueAmt04290
IRS990ScheduleD/RevenueNotReportedAmt04290
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05496414
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NEW GARDEN PARK, INC. (NGP) FOLLOWS THE STANDARDS FOR ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES NGP TO REPORT ANY UNCERTAIN TAX POSITIONS AND TO ADJUST IT'S COMBINING FINANCIAL STATEMENTS FOR THE IMPACT THEREOF. AS OF DECEMBER 31, 2018, NGP DETERMINED THAT IT HAD NO TAX POSITIONS THAT DID NOT MEET THE "MORE LIKELY THAN NOT" THRESHOLD OF BEING SUSTAINED BY THE APPLICABLE TAX AUTHORITY. THE NGP FILES TAX AND INFORMATION RETURNS IN THE UNITED STATES FEDERAL AND MASSACHUSETTS STATE JURISDICTIONS. THESE RETURNS ARE GENERALLY SUBJECT TO EXAMINATION BY TAX AUTHORITIES FOR THE LAST THREE YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1GAAP LEASE ADJUSTMENT - BOOK TO TAX
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueOtherAssetsAmt05376993
IRS990ScheduleD/TotalBookValueProgramRltdAmt02154251
IRS990ScheduleD/TotalExpensesPerForm990Amt05142955
IRS990ScheduleD/TotalLiabilityAmt08973790
IRS990ScheduleD/TotalRevenuePerForm990Amt05496414
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05500704
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05142955
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0SOLICITATION OF FOUNDATION FUNDS
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0480120
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0454273
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0RICHARD B KENNEDY
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt025847
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt012 RUTLAND TERRACE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0WORCESTER
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd001609
IRS990ScheduleG/TotalGrossReceiptsAmt0480120
IRS990ScheduleG/TotalNetToOrganizationAmt0454273
IRS990ScheduleG/TotalRetainedByContractorsAmt025847
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ALL INDIVIDUALS ON THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS AND FOLLOWS UP ON ALL CHANGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EVERY MEMBER OF THE BOARD OF DIRECTORS SIGNS A WRITTEN CONFLICT OF INTEREST POLICY EVERY YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE REVIEW OF ITS FINANCIAL STATEMENTS AND SELECTION OF INDEPENDENT ACCOUNTANTS. THIS PROCESS IS THE SAME AS PRIOR YEARS.
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 C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0NEW GARDEN PARK INC
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0800957186
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt020 FRANKLIN QALICB CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt089 SHREWSBURY STREET
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0WORCESTER
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd001604
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0WORCESTER BUSINESS DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0464185619
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0RENTAL REAL ESTATE
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt020 FRANKLIN MASTER TENANT LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt089 SHREWSBURY STREET
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0WORCESTER
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd001604
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0WORCESTER BUSINESS DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0042381829
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt05019(C)(4)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0DEVELOP INFRASTRUCTURE AND PARKING TO FACILITATE LAND DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt089 SHREWSBURY STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WORCESTER
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd001604
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt07525810
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1100000
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt21430820
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt3262917
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt4336059
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt5162705
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt6286107
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0LOAN AGREEMENT
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1SERVICE AGREEMENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$48.7$21.0$27.7$7.99$6.49$1.50
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$42.2$16.1$26.2$1.65$1.18$0.47
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$37.0$11.3$25.7$1.42$0.87$0.55
2021Detailed filing. Detailed filing data is available for this year.$35.9$10.7$25.2$21.0$2.58$18.4
2020Detailed filing. Detailed filing data is available for this year.$32.4$25.6$6.73$8.24$4.41$3.83
2019Detailed filing. Detailed filing data is available for this year.$30.3$27.4$2.90$15.6$13.6$2.00
2018Detailed filing. Detailed filing data is available for this year.$28.9$28.0$0.90$5.50$5.14$0.35
2017Detailed filing. Detailed filing data is available for this year.$27.0$26.5$0.55$1.76$2.38$0.63
2016Detailed filing. Detailed filing data is available for this year.$26.6$25.5$1.18$1.71$2.43$0.73
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.5$23.6$1.90$1.64$1.76$0.12
2014Detailed filing. Detailed filing data is available for this year.$24.9$22.9$2.02$3.51$1.43$2.08
2013Detailed filing. Detailed filing data is available for this year.$7.47$7.53$0.06$0.58$0.71$0.13
2012Summary only. Only limited summary data is available for this year.$3.50$3.43$0.07$0.80$0.77$0.03
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.04$3.00$0.03$0.91
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$1.81$0.25$0.06