Massachusetts · Nonprofit
MADISON PARK DEVELOPMENT CORPORATION
MADISON PARK DEVELOPMENT CORPORATION (Massachusetts) receives grants from 39 organizations whose IRS filings report $7,637,060 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,073,176). 23 of them have funded it in more than one year.
- Revenue FY2025
- $15M
- Funders on record
- 39
- Grants received
- $7.6M
- Net assets
- $39M
What Madison Park Development Corporation does
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.
As stated on its FY2025 Form 990.
Programs
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.
$5,771,955 spentof which $1,113,068 as grants$2,155,192 earned by the program61% of program spendingHibernian 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 celebratory and cultural functions.
$1,013,058 spent$876,553 earned by the program11% of program spendingCommunity action- mpdc, through its community organizing activities, seeks to promote an active and healthy environment for local residents through programming focused on health equity and wellness, civic engagement, youth leadership and workforce development, residential leadership and public safety initiatives.
$2,649,093 spent$48,312 earned by the program28% of program spending
The 3 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $9,434,106.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $37M to $53M (+45%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2019 0% · 2020 0% · 2021 7% · 2022 7% · 2023 18% · 2024 4% · 2025 7%. Grants only. Government contracts and fees sit inside program revenue.
53% of MADISON PARK DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 9 funders, grant income fell $649k → $598k.
6 of 39 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 9% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $36M from 2 payers (the payer shares this organization's board, largest Madison Park Housing Corporation). These are real filings, and they are not money MADISON PARK DEVELOPMENT CORPORATION raised.
From the IRS filings of MADISON PARK DEVELOPMENT CORPORATION’s funders (the co-funder graph). Top 30 of 39 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
MADISON PARK DEVELOPMENT CORPORATION leans on a few funders — its largest provides 53% of grant income and the top three 68%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
91% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund MADISON PARK DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 73% · 2018 72% · 2019 70% · 2020 53% · 2021 45% · 2022 45% · 2023 68% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
55% of MADISON PARK DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 59% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
MADISON PARK DEVELOPMENT CORPORATION draws 62% of its grant income from funders outside Massachusetts, across 7 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $649k arriving through sponsors registered in 6 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
MADISON PARK DEVELOPMENT CORPORATION runs a healthier operating margin than three-quarters of the 449 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 449 housing & shelter nonprofits $10M–$100M, FY2025
Government funding MADISON PARK DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.0M on record.
- (PP) STATE AID/POL SUB$3.0M
- (EE) ADMINISTRATIVE EXPENSES$14k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like MADISON PARK DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Massachusetts
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
90% of spending goes to programs.
Governance
Public support
81%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 40 related entities
- 2451 Washington LLC · disregarded
- Madison Bard LLC · disregarded
- Madison Gateway LLC · disregarded
- Madison Property Development LLC · disregarded
- Madison Schoolhouse LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for MADISON PARK DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds MADISON PARK DEVELOPMENT CORPORATION?
- MADISON PARK DEVELOPMENT CORPORATION (Massachusetts) receives grants from 39 organizations whose IRS filings report $7,637,060 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($4,073,176). 23 of them have funded it in more than one year.
- How many funders does MADISON PARK DEVELOPMENT CORPORATION have?
- IRS filings report 39 organizations giving $7,637,060 in grants to MADISON PARK DEVELOPMENT CORPORATION, 23 of which have funded it in more than one year.
- Who is the largest funder of MADISON PARK DEVELOPMENT CORPORATION?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $4,073,176 in grants. The full list of funders is on this page.
- How can an organization like MADISON PARK DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Massachusetts. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 39 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing