Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
59th percentile
Higher net margin than 59% of similar nonprofits.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
68th percentile
Faster asset growth than 68% of similar nonprofits.
Revenue Growth
97th percentile
Faster revenue growth than 97% of similar nonprofits.
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
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.
| Line | Beginning | End | Change |
|---|---|---|---|
| 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 | Book Value | Depreciation | Basis |
|---|---|---|---|
| Investment Program Related Org | $2,154,251 | - | - |
| Other Assets Org | $5,376,993 | - | - |
| Name | Title |
|---|---|
| ANDREW B O'DONNELL | Chair |
| Craig L Blais | President & CEO |
| Kathleen Eichelroth | Vice Chair |
| Katherine Badgis | Director |
| Todd Rodman | Director |
| John Creedon Jr | Clerk |
| Troy Siebels | Treasurer |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| 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 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
| Liability | Amount |
|---|---|
| Notes Payable to Wbdc | $7,525,810 |
| Due to Wbdc | $1,430,820 |
| Deferred Rent Payable - Gaap | $17,160 |
“All individuals on the organization's board of directors reviews and follows up on all changes.”
“Every member of the board of directors signs a written conflict of interest policy every year.”
“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”
“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.”
“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.”
“Gaap lease adjustment - book to tax”
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/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/AccountsPayableAccrExpnssGrp/BOYAmt | 0 | 3248 |
| IRS990/AccountsPayableAccrExpnssGrp/EOYAmt | 0 | 17534 |
| IRS990/AccountsReceivableGrp/BOYAmt | 0 | 203946 |
| IRS990/AccountsReceivableGrp/EOYAmt | 0 | 356031 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE AND PARKING FACILITIES IN DISTRESSED AREAS. |
| IRS990/AllOtherContributionsAmt | 0 | 4261676 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/AuditCommitteeInd | 0 | 1 |
| IRS990/BackupWthldComplianceInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | KATHLEEN KELLEHER CPA (CFO) |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 5087555734 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 89 SHREWSBURY STREET |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | WORCESTER |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 01604 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 480426 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 830334 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 0 |
| IRS990/CompensationProcessOtherInd | 0 | 0 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 1 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/CYContributionsGrantsAmt | 0 | 4261676 |
| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/CYInvestmentIncomeAmt | 0 | 0 |
| IRS990/CYOtherExpensesAmt | 0 | 5142955 |
| IRS990/CYOtherRevenueAmt | 0 | 350319 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 884419 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | 353459 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 5142955 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 5496414 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DeferredRevenueGrp/BOYAmt | 0 | 50635 |
| IRS990/DeferredRevenueGrp/EOYAmt | 0 | 39553 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | TO LESSEN THE BURDENS OF GOVERNMENT BY COMBATING COMMUNITY DETERIORATION AND ENABLING ECONOMIC DEVELOPMENT BY PROVIDING INFRASTRUCTURE AND PARKING FACILITIES IN DISTRESSED AREAS. |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 5126735 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
| IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt | 0 | 5150 |
| IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt | 0 | 11200 |
| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 16350 |
| IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt | 0 | 2255 |
| IRS990/FeesForServicesLegalGrp/ProgramServicesAmt | 0 | 4902 |
| IRS990/FeesForServicesLegalGrp/TotalAmt | 0 | 7157 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 129397 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 129397 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 0 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 20.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 4 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 5 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 6 | 1.00 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 5 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 6 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 4 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | CRAIG L BLAIS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | ANDREW B O'DONNELL |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | KATHLEEN EICHELROTH |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | TROY SIEBELS |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 4 | JOHN CREEDON JR |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 5 | TODD RODMAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 6 | KATHERINE BADGIS |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 4 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 5 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 6 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT & CEO |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | VICE CHAIR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 4 | CLERK |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 5 | DIRECTOR |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 6 | DIRECTOR |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2004 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd | 0 | X |
| IRS990/FSAuditedInd | 0 | 1 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 7 |
| IRS990/GrantsToIndividualsInd | 0 | 0 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 5499616 |
| IRS990/GrossRentsGrp/RealAmt | 0 | 353521 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 1 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 6 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InfoInScheduleOPartXIIInd | 0 | X |
| IRS990/InsuranceGrp/ManagementAndGeneralAmt | 0 | 8461 |
| IRS990/InsuranceGrp/ProgramServicesAmt | 0 | 8824 |
| IRS990/InsuranceGrp/TotalAmt | 0 | 17285 |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 879792 |
| IRS990/InterestGrp/TotalAmt | 0 | 879792 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/InvestmentsProgramRelatedGrp/BOYAmt | 0 | 2513843 |
| IRS990/InvestmentsProgramRelatedGrp/EOYAmt | 0 | 2154251 |
| IRS990/IRPDocumentCnt | 0 | 16 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | MA |
| IRS990/LessRentalExpensesGrp/RealAmt | 0 | 3202 |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingAccrualInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | 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. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 18572085 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 19002906 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 547958 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 901417 |
| IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt | 0 | 350319 |
| IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt | 0 | 350319 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt | 0 | 354 |
| IRS990/OfficeExpensesGrp/ProgramServicesAmt | 0 | 788 |
| IRS990/OfficeExpensesGrp/TotalAmt | 0 | 1142 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherAssetsTotalGrp/BOYAmt | 0 | 3533550 |
| IRS990/OtherAssetsTotalGrp/EOYAmt | 0 | 5376993 |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherExpensesGrp/Desc | 0 | PROJECT DEVELOPMENT COS |
| IRS990/OtherExpensesGrp/Desc | 1 | LOSS ON INVESTMENT IN 2 |
| IRS990/OtherExpensesGrp/Desc | 2 | RENT EXPENSE |
| IRS990/OtherExpensesGrp/Desc | 3 | IDEA LAB EXPENSES |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 0 | 3469223 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 1 | 359592 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 2 | 262917 |
| IRS990/OtherExpensesGrp/ProgramServicesAmt | 3 | 100 |
| IRS990/OtherExpensesGrp/TotalAmt | 0 | 3469223 |
| IRS990/OtherExpensesGrp/TotalAmt | 1 | 359592 |
| IRS990/OtherExpensesGrp/TotalAmt | 2 | 262917 |
| IRS990/OtherExpensesGrp/TotalAmt | 3 | 100 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 7834138 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 8973790 |
| IRS990/OtherWebsiteInd | 0 | X |
| IRS990/OthNotesLoansReceivableNetGrp/BOYAmt | 0 | 20201562 |
| IRS990/OthNotesLoansReceivableNetGrp/EOYAmt | 0 | 20201562 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PayPremiumsPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/PledgesAndGrantsReceivableGrp/BOYAmt | 0 | 70000 |
| IRS990/PledgesAndGrantsReceivableGrp/EOYAmt | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt | 0 | 4737 |
| IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt | 0 | 16029 |
| IRS990/PrincipalOfficerNm | 0 | CRAIG L BLAIS |
| IRS990/ProfessionalFundraisingInd | 0 | 1 |
| IRS990/ProgramServiceRevenueGrp/BusinessCd | 0 | 900099 |
| IRS990/ProgramServiceRevenueGrp/Desc | 0 | NOTE RECEIVABLE INTERE |
| IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 884419 |
| IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt | 0 | 884419 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
| IRS990/PYContributionsGrantsAmt | 0 | 663159 |
| IRS990/PYExcessBenefitTransInd | 0 | 0 |
| IRS990/PYGrantsAndSimilarPaidAmt | 0 | 0 |
| IRS990/PYInvestmentIncomeAmt | 0 | 0 |
| IRS990/PYOtherExpensesAmt | 0 | 2384443 |
| IRS990/PYOtherRevenueAmt | 0 | 210294 |
| IRS990/PYProgramServiceRevenueAmt | 0 | 883604 |
| IRS990/PYRevenuesLessExpensesAmt | 0 | -627386 |
| IRS990/PYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/PYTotalExpensesAmt | 0 | 2384443 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 1757057 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/RcvFndsToPayPrsnlBnftCntrctInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | 353459 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 1 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 1 |
| IRS990/RentalIncomeOrLossGrp/RealAmt | 0 | 350319 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 1 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 1 |
| IRS990/RevenueAmt | 0 | 884419 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgQualifiedInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind | 0 | 1 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtExclusivelySec170c2BInd | 0 | 0 |
| IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd | 0 | 0 |
| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | 1 |
| IRS990ScheduleA/IRSWrittenDeterminationInd | 0 | X |
| IRS990ScheduleA/OtherSupportSumAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrganizationsCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 0 | 042381829 |
| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 0 | 1 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 10 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt | 0 | 0 |
| IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt | 0 | WORCESTER BUSINESS DEVELOPMENT CORPORATION |
| IRS990ScheduleA/SupportingOrganization509a3Ind | 0 | X |
| IRS990ScheduleA/SupportingOrgType1Ind | 0 | X |
| IRS990ScheduleA/SupportSumAmt | 0 | 0 |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/ExpensesNotReportedAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesNotRptFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 5142955 |
| IRS990ScheduleD/FootnoteTextInd | 0 | X |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt | 0 | 2154251 |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc | 0 | INVESTMENT IN 20 FRANKLIN QALICB CORP. |
| IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd | 0 | C |
| IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt | 0 | 5376993 |
| IRS990ScheduleD/OtherAssetsOrgGrp/Desc | 0 | DEVELOPMENT PROJECTS |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 1430820 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 1 | 7525810 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 2 | 17160 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO WBDC |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 1 | NOTES PAYABLE TO WBDC |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 2 | DEFERRED RENT PAYABLE - GAAP |
| IRS990ScheduleD/OtherRevenueAmt | 0 | 4290 |
| IRS990ScheduleD/RevenueNotReportedAmt | 0 | 4290 |
| IRS990ScheduleD/RevenueNotReportedFinclStmtAmt | 0 | 0 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 5496414 |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 0 | 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. |
| IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt | 1 | GAAP LEASE ADJUSTMENT - BOOK TO TAX |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART X, LINE 2: |
| IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | PART XI, LINE 2D - OTHER ADJUSTMENTS: |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalBookValueOtherAssetsAmt | 0 | 5376993 |
| IRS990ScheduleD/TotalBookValueProgramRltdAmt | 0 | 2154251 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 5142955 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 8973790 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 5496414 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 5500704 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 5142955 |
| IRS990ScheduleG/AgrmtProfFundraisingActyInd | 0 | 0 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt | 0 | SOLICITATION OF FOUNDATION FUNDS |
| IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd | 0 | 0 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt | 0 | 480120 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt | 0 | 454273 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm | 0 | RICHARD B KENNEDY |
| IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt | 0 | 25847 |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt | 0 | 12 RUTLAND TERRACE |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm | 0 | WORCESTER |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd | 0 | 01609 |
| IRS990ScheduleG/TotalGrossReceiptsAmt | 0 | 480120 |
| IRS990ScheduleG/TotalNetToOrganizationAmt | 0 | 454273 |
| IRS990ScheduleG/TotalRetainedByContractorsAmt | 0 | 25847 |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | ALL INDIVIDUALS ON THE ORGANIZATION'S BOARD OF DIRECTORS REVIEWS AND FOLLOWS UP ON ALL CHANGES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EVERY MEMBER OF THE BOARD OF DIRECTORS SIGNS A WRITTEN CONFLICT OF INTEREST POLICY EVERY YEAR. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | 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. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART XII, LINE 2C |
| IRS990ScheduleR/AssetExchangeInd | 0 | 0 |
| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | 0 |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | NEW GARDEN PARK INC |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN | 0 | 800957186 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt | 0 | C |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd | 0 | MA |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct | 0 | 1.00000 |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt | 0 | RENTAL REAL ESTATE |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt | 0 | 20 FRANKLIN QALICB CORPORATION |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt | 0 | 89 SHREWSBURY STREET |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm | 0 | WORCESTER |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd | 0 | 01604 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | WORCESTER BUSINESS DEVELOPMENT CORPORATION |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN | 0 | 464185619 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd | 0 | MA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt | 0 | RELATED |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt | 0 | RENTAL REAL ESTATE |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt | 0 | 20 FRANKLIN MASTER TENANT LLC |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt | 0 | 89 SHREWSBURY STREET |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm | 0 | WORCESTER |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd | 0 | 01604 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | 0 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | WORCESTER BUSINESS DEVELOPMENT CORPORATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 042381829 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 5019(C)(4) |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | MA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | DEVELOP INFRASTRUCTURE AND PARKING TO FACILITATE LAND DEVELOPMENT |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | N/A |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 89 SHREWSBURY STREET |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | WORCESTER |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | MA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 01604 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | 1 |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | 0 |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | 0 |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | 1 |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | 0 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 7525810 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 1 | 100000 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 2 | 1430820 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 3 | 262917 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 4 | 336059 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 5 | 162705 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 6 | 286107 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | LOAN AGREEMENT |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 1 | SERVICE AGREEMENT |
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Displayed year
2018 • Form 990Detailed filing. Detailed filing data is available for this year.