Madison Park Development Corporation

Overview

Mission

Madison Park Development Corporation is a non-profit organization dedicated to the Roxbury community.

What it reported doing in 2024

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.

Operating model

Revenue model
Affiliate-supported. 84% of the money available for current operations came from contributions from related organizations.
Distribution model
Hybrid. The nonprofit split its reported program spending across 67% for direct work, and 33% for grants.

Nonprofit profile at a glance

EIN
237164223
IRS 990 coverage
2010–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Headquarters
Roxbury, MA, US
Phone
978-397-5936
Rating
83
Verdict
STRONG
Rating confidence
Standard
Sector
Single Organization Support

Official website

The verdict

STRONG - A large share of total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 69
  • Transparency & Controls: 88
  • Accountability: 100
  • Sustainability: 72
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 51.5%; rating input score 51
  • Program expense ratio: 95%; rating input score 95
  • Fundraising efficiency: $57.43 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 46.2%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 2.69; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.42; rating input score 34; 34th percentile among comparable filings
  • Officer compensation ratio: 7.8%; rating input score 31; 31st percentile among comparable filings

Growth

  • Program expense growth: 11.8% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 11.7% per year; rating input score 100; 79th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 12th percentile among comparable filings

Details

  • What they do: 6 programs and campaigns described on the official site · 1 operating location identified
  • Where the money goes: 51.5% of revenue deployed · 95% of spending went to programs
  • Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $18.8M in reported program spending
  • Leadership: top reported pay $289K · 20 people listed · 3 of 6 pay-setting controls reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, executive pay, and related organizations
  • Filing history: 14 annual filings from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 11 filed money-flow records
  • Related organizations: 33 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

20 people listed

Highest reported compensation

  • INGRID TUCKER (INTERIM CHIEF EXECUTIVE OFFICER): $288,931 total reported compensation
  • INTIYA AMBROGI-ISAZA (VICE PRESIDENT OF REAL ESTATE): $226,590 total reported compensation
  • LESLIE A REID (CHIEF EXECUTIVE OFFICER): $188,757 total reported compensation

Source: IRS Form 990. Selected filing: FY2024.