Civic Intelligence

New Garden Park Inc.

990 • Fiscal year 2019 • EIN 20-1727883

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 20, 2020

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

89th percentile

0.90x

Higher debt load relative to assets than 89% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

85th percentile

1.76x

Higher debt load relative to revenue than 85% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

72nd percentile

13%

Higher net margin than 72% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

7th percentile

$0

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

53rd percentile

4.8%

Faster asset growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

97th percentile

184%

Faster revenue growth than 97% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$30,324,463

Up $1,389,263 (+4.8%) from 2018

Net Assets

Up

$2,901,152

Up $1,999,735 (+222%) from 2018

Liabilities

Down

$27,423,311

Down $610,472 (-2.2%) from 2018

Revenue

Up

$15,620,405

Up $10,123,991 (+184%) from 2018

Expenses

Up

$13,620,670

Up $8,477,715 (+165%) from 2018

Net Income

Up

$1,999,735

Up $1,646,276 (+466%) from 2018

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

2019

Assets$30,324,463
Liabilities$27,423,311
Net Assets$2,901,152

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

2019

Revenue$15,620,405
Expenses$13,620,670
Net Income$1,999,735
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 20, 2020
Return Version
2019v5.1
Gross Receipts
$15,623,894
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$22,871,312▲ $2,669,750
Investments Program Related$2,154,251$1,784,674▼ $369,577
Cash and Non-Interest-Bearing Accounts$830,334$1,181,157▲ $350,823
Accounts Receivable$356,031$440,743▲ $84,712
Prepaid Expenses and Deferred Charges$16,029$11,176▼ $4,853
Total Assets$28,935,200$30,324,463▲ $1,389,263
Other Assets Total$5,376,993$4,035,401▼ $1,341,592
Liabilities
Mortgage Notes Payable Secured by Investment Property$19,002,906$17,487,574▼ $1,515,332
Other Liabilities$8,973,790$9,543,661▲ $569,871
Deferred Revenue$39,553$372,063▲ $332,510
Accounts Payable and Accrued Expenses$17,534$10,013▼ $7,521
Escrow Account Liability-$10,000-
Total Liabilities$28,033,783$27,423,311▼ $610,472
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$901,417$2,901,152▲ $1,999,735
Total Net Assets Fund Balance$901,417$2,901,152▲ $1,999,735
Total Liabilities and Net Assets / Fund Balance$28,935,200$30,324,463▲ $1,389,263

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$1,784,674--
Other Assets Org$4,035,401--
Compensation and Service Providers

Board Members and Trustees

NameTitle
ANDREW B O'DONNELLChair
Craig L BlaisPresident & CEO
Kathleen EichelrothVice Chair
Karen DuffyDirector
Katherine BadgisDirector
Todd RodmanClerk
Troy SiebelsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$14,299,970
Program Service Revenue
$900,602
Investment Income
$0
Other Revenue
$419,833
All Other Contributions
$14,299,970
Change in Net Assets
$1,999,735

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,620,405
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,551
Total Revenue per Audited Statements
$15,623,956
Total Revenue per Form 990
$15,620,405
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$13,620,670
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$867,868--$867,868
Fees for Services Other$123,595--$123,595
Fees for Services Accounting$12,330$5,670-$18,000
Insurance$5,508$5,281-$10,789
Fees for Services Legal$5,769$2,653-$8,422
Other Expenses$2,011--$2,011
Office Expenses$962$432-$1,394
Total Functional Expenses$13,606,634$14,036$0$13,620,670

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$13,620,670
Total Expenses per Audited Statements$13,620,670
Total Expenses per Form 990$13,620,670
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$8,456,236
Due to Wbdc$1,066,714
Deferred Rent Payable - Gaap$20,711
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
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
2020-07-20
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
Wadovick & Company
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, 2019, 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 521 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.

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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04261676
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt05142955
IRS990/PYOtherRevenueAmt0350319
IRS990/PYProgramServiceRevenueAmt0884419
IRS990/PYRevenuesLessExpensesAmt0353459
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt05142955
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05496414
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01999735
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0419833
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0900602
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/SupportAmt0144340
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0WORCESTER BUSINESS DEVELOPMENT CORPORATION
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0144340
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/AgentTrusteeEtcInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt013620670
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd00
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt01784674
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN 20 FRANKLIN QALICB CORP.
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04035401
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DEVELOPMENT PROJECTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01066714
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18456236
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt220711
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO WBDC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NOTES PAYABLE TO WBDC
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEFERRED RENT PAYABLE - GAAP
IRS990ScheduleD/OtherRevenueAmt03551
IRS990ScheduleD/RevenueNotReportedAmt03551
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt015620405
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, 2019, 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/TotalBookValueOtherAssetsAmt04035401
IRS990ScheduleD/TotalBookValueProgramRltdAmt01784674
IRS990ScheduleD/TotalExpensesPerForm990Amt013620670
IRS990ScheduleD/TotalLiabilityAmt09543661
IRS990ScheduleD/TotalRevenuePerForm990Amt015620405
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt015623956
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt013620670
IRS990ScheduleG/AgrmtProfFundraisingActyInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0SOLICITATION OF FOUNDATION FUNDS
IRS990ScheduleG/FundraiserActivityInfoGrp/FundraiserControlOfFundsInd00
IRS990ScheduleG/FundraiserActivityInfoGrp/GrossReceiptsAmt0462500
IRS990ScheduleG/FundraiserActivityInfoGrp/NetToOrganizationAmt0423500
IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0RICHARD B KENNEDY
IRS990ScheduleG/FundraiserActivityInfoGrp/RetainedByContractorAmt039000
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/AddressLine1Txt012 RUTLAND TERRACE
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/CityNm0WORCESTER
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/StateAbbreviationCd0MA
IRS990ScheduleG/FundraiserActivityInfoGrp/USAddress/ZIPCd001609
IRS990ScheduleG/TotalGrossReceiptsAmt0462500
IRS990ScheduleG/TotalNetToOrganizationAmt0423500
IRS990ScheduleG/TotalRetainedByContractorsAmt039000
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

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
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$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