MADISON PARK DEVELOPMENT CORPORATI… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

INGRID TUCKER

Phone

6175413900

Tax Period

2023-01-01 to 2023-12-31

MADISON PARK DEVELOPMENT CORPORATION, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $5.0M in total revenue in fiscal year 2023. Expenses of $8.0M exceeded revenue, resulting in a 58% operating deficit.

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.

Program Service Accomplishments

Program 1

Expenses: $5,324,014 Revenue: $1,453,091

REAL ESTATE - MPDC, THROUGH ITS REAL ESTATE PROGRAM, ACTS AS EITHER THE DEVELOPER OR CO-DEVELOPER ON PROPERTIES BENEFITTING LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. IN ADDITION, MPDC OPERATES RENTAL PROPERTIES BENEFITTING THE LOW-INCOME RESIDENTS IN THE ROXBURY, MASSACHUSETTS COMMUNITY. THE REAL ESTATE PROGRAM ALSO INCLUDES THE COMPANY'S ASSET MANAGEMENT BUSINESS WHICH OVERSEES THE OPERATIONS OF ALL RESIDENTIAL AND COMMERCIAL RENTAL PROPERTIES, AS WELL AS ITS EARLY STAGE DEVELOPMENT ACTIVITIES.

Program 2

Expenses: $1,001,522 Revenue: $967,528

HIBERNIAN HALL- THE HIBERNIAN HALL PROGRAM PROMOTES, PRODUCES AND PRESENTS PERFORMING ARTS PROGRAMS THAT CELEBRATE THE MULTI-CULTURAL HERITAGE OF ROXBURY. IN ADDITION, THE HALL IS RENTED FOR VARIOUS...

Program 3

Expenses: $690,455

COMMUNITY ACTION- MPDC, THROUGH ITS COMMUNITY ORGANIZING ACTIVITIES, SEEKS TO PROMOTE AN ACTIVE AND HEALTHY ENVIRONMENT FOR LOCAL RESIDENTS THROUGH PROGRAMMING FOCUSED ON HEALTHY EQUITY AND WELLNESS, CIVIC ENGAGEMENT, YOUTH LEADERSHIP AND WORKFORCE DEVELOPMENT, RESIDENTIAL LEADERSHIP AND PUBLIC SAFETY INITIATIVES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,392,298

Program Service Revenue $2,304,211

Investment Income $223,815

Other Revenue $116,408

TOTAL REVENUE $5,036,732

Expense Breakdown

Grants Paid $1,054,956

Salaries & Benefits $4,218,796

Fundraising Expenses $509,345

Program Expenses $7,015,991

Other Expenses $2,693,055

TOTAL EXPENSES $7,966,807

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,036,732	$4,984,841	+0.0%
Expenses	$7,966,807	$7,547,553	+0.1%
Net Income	$-2,930,075	$-2,562,712	+0.1%

Key Indicators

✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$578,410

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYANNA HINES	DIRECTOR	1.00	Director	$0	$0	$0
CHANDA K SMART	DIRECTOR	1.00	Director	$0	$0	$0
DEAYNE WATTS	DIRECTOR	1.00	Director	$0	$0	$0
GLORIA E BROOKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
IVELISE RIVERA	TREASURER	1.00	Officer Director	$0	$0	$0
LISA MORISHANTI	DIRECTOR	1.00	Director	$0	$0	$0
MALIK AZIZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
NINA RUFF	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT L TERRELL	DIRECTOR	1.00	Director	$0	$0	$0
SONRISA HAYNES	DIRECTOR	1.00	Director	$0	$0	$0
VICTORIA LYNN AWKWARD	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN BARNES	CHIEF FINANCIAL OFFICER	40.00	Officer	$153,531	$16,338	$169,869
INTIYA AMBROGI-ISAZA	VICE PRESIDENT REAL ESTATE	40.00	Officer	$161,916	$27,332	$189,248
LESLIE A REID	CHIEF EXECUTIVE OFFICER	40.00	Officer	$191,975	$27,318	$219,293
ERICA DAVIS	DEWITT CENTER DIRECTOR	40.00	Highest	$114,091	$15,044	$129,135
INGRID TUCKER	DEPUTY DIRECTOR	40.00	Highest	$187,574	$49,883	$237,457
LYNDON VINCENT	DIRECTOR OF COMMUNITY ACTION	40.00	Highest	$128,308	$35,610	$163,918
MEGAN REAGON	SENIOR PROJECT MANAGER	40.00	Highest	$116,923	$10,824	$127,747
ROY THOMAS	RESOURCE DEVELOPMENT DIRECTOR	40.00	Highest	$105,981	$14,610	$120,591

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$5,036,732	$7,966,807	$36,686,988	$-2,930,075
2022	$4,984,841	$7,547,553	$40,057,422	$-2,562,712
2021	$12,337,860	$7,862,081	$47,428,714	$4,475,779
2020	$9,046,088	$10,528,881	$51,356,053	$-1,482,793
2019	$10,986,094	$7,588,759	$56,716,230	$3,397,335
2018	$7,841,963	$7,636,626	$68,468,894	$205,337

MADISON PARK DEVELOPMENT CORPORATION