Civic Intelligence

Madison Park Development Corporation

EIN 23-7164223 • 501(c)3 • Roxbury, MA

Profile

Madison park development corporation's overall mission is to foster the social, physical, economic and cultural renaissance of the roxbury community by promoting the economic self-sufficiency and social well-being of low-income and moderate income residents for home ownership, business development or education.

184 Dudley StreetRoxbury, MA 02119

www.madison-park.org

Siviq Scores

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

Liabilities / Assets

66th percentile

0.42x

Higher debt load relative to assets than 66% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

65th percentile

0.61x

Higher debt load relative to revenue than 65% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

88th percentile

46%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

76th percentile

15%

Faster asset growth than 76% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

96th percentile

171%

Faster revenue growth than 96% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets66th percentile

Assets

Up

$53,164,938

Up $16,477,950 (+45%) from 2023

Liabilities

Down

$22,422,579

Down $1,098,103 (-4.7%) from 2023

Net Assets

Up

$30,742,359

Up $17,576,053 (+133%) from 2023

Operations
Liabilities / Revenue65th percentileNet Margin88th percentile

Revenue

Up

$36,724,245

Up $31,687,513 (+629%) from 2023

Expenses

Up

$19,759,239

Up $11,792,432 (+148%) from 2023

Net Income

Up

$16,965,006

Up $19,895,081 (+679%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth76th percentile

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

$80M$60M$40M$20M$0Assets 2010: $41,063,194Liabilities 2010: $37,704,408Net Assets 2010: $3,358,7862010Assets 2011: $41,531,755Liabilities 2011: $36,706,693Net Assets 2011: $4,825,0622011Assets 2012: $42,219,009Liabilities 2012: $33,694,178Net Assets 2012: $8,524,8312012Assets 2013: $43,417,362Liabilities 2013: $33,345,631Net Assets 2013: $10,071,7312013Assets 2014: $46,719,668Liabilities 2014: $36,310,513Net Assets 2014: $10,409,1552014Assets 2015: $52,806,918Liabilities 2015: $42,747,900Net Assets 2015: $10,059,0182015Assets 2016: $58,233,562Liabilities 2016: $45,931,816Net Assets 2016: $12,301,7462016Assets 2017: $67,095,575Liabilities 2017: $54,919,269Net Assets 2017: $12,176,3062017Assets 2018: $68,468,894Liabilities 2018: $57,148,909Net Assets 2018: $11,319,9852018Assets 2019: $56,716,230Liabilities 2019: $40,671,369Net Assets 2019: $16,044,8612019Assets 2020: $51,356,053Liabilities 2020: $36,707,620Net Assets 2020: $14,648,4332020Assets 2021: $47,428,714Liabilities 2021: $28,474,105Net Assets 2021: $18,954,6092021Assets 2022: $40,057,422Liabilities 2022: $24,364,019Net Assets 2022: $15,693,4032022Assets 2023: $36,686,988Liabilities 2023: $23,520,682Net Assets 2023: $13,166,3062023Assets 2024: $53,164,938Liabilities 2024: $22,422,579Net Assets 2024: $30,742,3592024

Highlighted filing

2024

Assets$53,164,938
Liabilities$22,422,579
Net Assets$30,742,359
Open 2024 Filing

Operations Trend

Revenue Growth96th percentile

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

$40M$30M$20M$10M$0-$10MExpenses 2010: $2,278,9712010Expenses 2011: $2,503,1862011Expenses 2012: $4,497,9582012Revenue 2013: $5,143,847Expenses 2013: $3,449,056Net Income 2013: $1,694,7912013Revenue 2014: $5,528,114Expenses 2014: $5,190,690Net Income 2014: $337,4242014Revenue 2015: $6,054,925Expenses 2015: $6,383,504Net Income 2015: -$328,5792015Revenue 2016: $7,450,882Expenses 2016: $6,193,913Net Income 2016: $1,256,9692016Revenue 2017: $6,693,684Expenses 2017: $6,849,955Net Income 2017: -$156,2712017Revenue 2018: $7,841,963Expenses 2018: $7,636,626Net Income 2018: $205,3372018Revenue 2019: $10,986,094Expenses 2019: $7,588,759Net Income 2019: $3,397,3352019Revenue 2020: $9,046,088Expenses 2020: $10,528,881Net Income 2020: -$1,482,7932020Revenue 2021: $12,337,860Expenses 2021: $7,862,081Net Income 2021: $4,475,7792021Revenue 2022: $4,984,841Expenses 2022: $7,547,553Net Income 2022: -$2,562,7122022Revenue 2023: $5,036,732Expenses 2023: $7,966,807Net Income 2023: -$2,930,0752023Revenue 2024: $36,724,245Expenses 2024: $19,759,239Net Income 2024: $16,965,0062024

Highlighted filing

2024

Revenue$36,724,245
Expenses$19,759,239
Net Income$16,965,006
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$53,164,938
Liabilities
$22,422,579
Net assets
$30,742,359
Revenue
$36,724,245
Expenses
$19,759,239
Net income
$16,965,006
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.2$22.4$30.7$36.7$19.8$17.0
2023Detailed filing. Detailed filing data is available for this year.$36.7$23.5$13.2$5.04$7.97$2.93
2022Detailed filing. Detailed filing data is available for this year.$40.1$24.4$15.7$4.98$7.55$2.56
2021Detailed filing. Detailed filing data is available for this year.$47.4$28.5$19.0$12.3$7.86$4.48
2020Detailed filing. Detailed filing data is available for this year.$51.4$36.7$14.6$9.05$10.5$1.48
2019Detailed filing. Detailed filing data is available for this year.$56.7$40.7$16.0$11.0$7.59$3.40
2018Detailed filing. Detailed filing data is available for this year.$68.5$57.1$11.3$7.84$7.64$0.21
2017Detailed filing. Detailed filing data is available for this year.$67.1$54.9$12.2$6.69$6.85$0.16
2016Detailed filing. Detailed filing data is available for this year.$58.2$45.9$12.3$7.45$6.19$1.26
2015Detailed filing. Detailed filing data is available for this year.$52.8$42.7$10.1$6.05$6.38$0.33
2014Detailed filing. Detailed filing data is available for this year.$46.7$36.3$10.4$5.53$5.19$0.34
2013Detailed filing. Detailed filing data is available for this year.$43.4$33.3$10.1$5.14$3.45$1.69
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$42.2$33.7$8.52$4.50
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.5$36.7$4.83$2.50
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$41.1$37.7$3.36$2.28
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 5, 2025
Return Version
2024v5.2
Gross Receipts
$36,724,245
Mission and Program Overview

Mission

Madison park development corporation's overall mission is to foster the social, physical, economic and cultural renaissance of the roxbury community by promoting the economic self-sufficiency and social well-being of low-income and moderate income residents for home ownership, business development or education.

Self-sufficiency and social well-being of low-income and moderate-income residents

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$5,331,602$35,478,043▲ $30,146,441
Other Notes and Loans Receivable, Net$22,890,497$14,664,791▼ $8,225,706
Accounts Receivable$4,190,954$1,788,577▼ $2,402,377
Cash and Non-Interest-Bearing Accounts$493,657$578,983▲ $85,326
Land, Buildings, and Equipment, Net$486,516$366,964▼ $119,552
Prepaid Expenses and Deferred Charges$30,794$17,450▼ $13,344
Investments Program Related$1,100--
Total Assets$36,686,988$53,164,938▲ $16,477,950
Other Assets Total$3,261,868$270,130▼ $2,991,738
Liabilities
Mortgage Notes Payable Secured by Investment Property$15,955,078$17,562,308▲ $1,607,230
Other Liabilities$7,162,061$4,002,236▼ $3,159,825
Accounts Payable and Accrued Expenses$367,843$851,035▲ $483,192
Escrow Account Liability$35,000--
Deferred Revenue$700$7,000▲ $6,300
Total Liabilities$23,520,682$22,422,579▼ $1,098,103
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$13,021,165$30,222,592▲ $17,201,427
Net Assets With Donor Restrictions$145,141$519,767▲ $374,626
Total Net Assets Fund Balance$13,166,306$30,742,359▲ $17,576,053
Total Liabilities and Net Assets / Fund Balance$36,686,988$53,164,938▲ $16,477,950

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$143,390$720,715$864,105
Leasehold Improvements$166,110$29,858$195,968
Buildings$21,900$124,100$146,000
Other Land Buildings$13,345$15,875$29,220
Land$22,219-$22,219
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ingrid TuckerInterim Chief Executive OfficerFT$226,720$62,211$288,931
Intiya Ambrogi-isazaVice President of Real EstateFT$191,203$35,387$226,590
Leslie a ReidChief Executive OfficerFT$137,234$51,523$188,757
Lyndon Hadyn VincentDirector of Youth Development & Community SupportFT$134,694$48,943$183,637
Lyndon Hadyn VincentDirector of Youth Development & Comm-$128,694$54,943$183,637
Ayanna CundiffDirector of People & CultureFT$147,075$20,370$167,445
Antonio RodriguezSenior Asset ManagerFT$131,420$22,715$154,135
Oren RichkinSenior Project ManagerFT$116,605$19,069$135,674
Erica DavisDewitt Center DirectorFT$114,911$13,763$128,674
Evelyn BarnesCFO (until 06/24)FT$56,619$6,035$62,654

Board Members and Trustees

NameTitle
Ayanna HinesPresident
Gloria E BrooksVice President
Chanda K SmartDirector
Dwayne WattsDirector
Malik AzizDirector
Robert L TerrellDirector
Sonrisa HaynesDirector
Lisa MorishantiDirector (until 7/24)
Victoria Lynn AwkwardDirector (until 7/24)
Nina RuffSecretary
Ivelise RiveraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$34,074,700
Program Service Revenue
$2,371,357
Investment Income
$265,882
Other Revenue
$12,306
All Other Contributions
$1,712,650
Change in Net Assets
$16,965,006
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,150,718
Grants and Similar Amounts Paid$6,159,087
Salaries, Compensation, and Employee Benefits$4,449,434
Total Fundraising Expense$593,365
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$5,347,626--$5,347,626
Other Salaries and Wages$2,386,384$154,582$243,825$2,784,791
Grants to Domestic Individuals$811,461--$811,461
Interest$803,392--$803,392
Other Employee Benefits$678,470$56,376$67,483$802,329
Current Officers, Directors, Trustees, and Key Employees$656,085$44,040$66,807$766,932
Fees for Services Other$426,894$14,587$62,763$504,244
Occupancy$367,711$15,420$22,795$405,926
Office Expenses$176,627$7,431$9,851$193,909
Information Technology$153,607$10,984$24,225$188,816
Depreciation Depletion$136,742$3,167$4,682$144,591
Conferences and Meetings$108,783$6,539$5,090$120,412
Travel$77,515$24,934$2,379$104,828
Fees for Services Legal$83,492$11,995$2,245$97,732
Pension Plan Contributions$80,658$6,702$8,022$95,382
Fees for Services Accounting$70,649$12,549$7,762$90,960
All Other Expenses$33,748$1,263$55,167$90,178
Advertising$71,390$2,804$4,145$78,339
Insurance$28,804$1,839$2,718$33,361
Other Expenses$19,301$1,294$1,800$22,395
Fees for Service Investment Mgmnt Fees-$9,956-$9,956
Total Functional Expenses$18,778,326$387,548$593,365$19,759,239
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Lower Roxbury Community CorporationRoxbury, MA501(c)(3)General Support$4,969,468
Madison Park Housing CorporationRoxbury, MA501(c)(3)General Support$378,158
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

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

Other Reported Liabilities

LiabilityAmount
Due to Affiliates$1,890,065
Construction Payables$1,877,679
Development Fee - Poah$201,141
Fiscal Conduit - Orchard Gardens Residents Assn.$33,351
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“The form 990 is reviewed prior to issuance by the finance committee and the full board is provided a complete copy of the form 990 prior to filing.”

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

“Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms that such person: 1. Has received a copy of the conflict of interest policy; 2. Has read and understood this policy; 3. Has agreed to comply with the policy, and 4. Understands that mpdc is a non-profit and that in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempted purposes.”

Form 990, Part VI, Section B, Line 15

“The board of directors employed a consultant to perform a compensation study in 2021 to determine the appropriateness of the ceo's overall compensation. The ceo uses the services of a human resources consultant who periodically checks the appropriateness of compensation levels company wide.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Madison Park Development Corporation
EIN
23-7164223
Phone
6175413900
Address
184 DUDLEY STREET, ROXBURY, MA 02119

Signing Officer

Name
Amanda Puricelli
Title
Chief Financial Officer
Phone
6175413900
Signed
2025-11-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Amanda Puricelli
Formed
1970
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
47
Volunteers
11

Preparer

Firm
Cohnreznick Advisory LLC
Address
ONE POST OFFICE SQUARE SUITE 2950, BOSTON, MA 02109
Preparer
Lori Rothe Yokobosky
Phone
6176481400
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Partnership distributions 150,541. Changes related to disregarded entities 140,560.”

Financial Statement Notes

PART X, LINE 2:

“Mpdc and certain subsidiaries qualify as organizations formed for charitable purposes under section 501(c)(3) of the irc and therefore are not subject to income tax and are not private foundations under section 509(a)(1). Certain unrelated business income, as defined in the irc, is subject to federal income tax. For the years ended december 31, 2024 and 2023, there was no unrelated business income. The provisions of gaap require that a tax position be recognized or derecognized based upon a more likely than not threshold. This applies to tax positions taken or expected to be taken in the tax returns of all entities included in the company's consolidated group. The company regularly assesses the potential settlement outcomes resulting from income tax examinations. The implementation of these provisions has no impact on the company's consolidated financial statements as the company believes that its consolidated financial statements do not include any uncertain tax positions. Certain subsidiaries are single-member limited liability companies which are not recognized for federal income tax purposes. Generally, the above information or tax returns remain open for federal income tax examination for three years from the filing date. No notices have been received from either the internal revenue service ("irs") or commonwealth of massachusetts addressing any subsequent year.”

Raw XML AppendixShowing 400 of 1,264 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/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR OF PEOPLE & CULTURE
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IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR OF YOUTH DEVELOPMENT & COMMUNITY SUPPORT
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IRS990/MissionDesc0MADISON PARK DEVELOPMENT CORPORATION'S OVERALL MISSION IS TO FOSTER THE SOCIAL, PHYSICAL, ECONOMIC AND CULTURAL RENAISSANCE OF THE ROXBURY COMMUNITY BY PROMOTING THE ECONOMIC SELF-SUFFICIENCY AND SOCIAL WELL-BEING OF LOW-INCOME AND MODERATE INCOME RESIDENTS FOR HOME OWNERSHIP, BUSINESS DEVELOPMENT OR EDUCATION.
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