2025-05-14T10:26:06-05:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-07-01 453951613 TAUNTON DEVELOPMENT MASSDEVELOPMENT CORP TAUN 6173302000 99 HIGH STREET 11TH FLOOR BOSTON MA 02110 SIMON R GERLIN TREASURER 6173302000 2025-05-12 1 1 DANIELLE NIHILL P01350943 7819821001 2025-05-12 2023 2025-03-06 01:10:19Z TANIA HARTFORD 99 HIGH STREET 11TH FLOOR BOSTON MA 02110 1085944 0 1 X HTTPS://WWW.MASSDEVELOPMENT.COM/ X 2011 MA TO PROMOTE ECONOMIC DEVELOPMENT AND TO LESSEN THE BURDENS OF GOVERNMENT BY REDEVELOPING LAND. 8 4 0 10 0 0 0 0 0 0 -630840 0 539293 1085944 -91547 1085944 0 0 0 0 0 0 0 0 0 155712 93400 155712 93400 -247259 992544 9624072 10543854 90526 17764 9533546 10526090 THE PRINCIPLE CHARITABLE PURPOSE OF TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION ("THE CORPORATION") IS TO PROMOTE ECONOMIC DEVELOPMENT AND TO LESSEN THE BURDENS OF GOVERNMENT BY REDEVELOPING LAND THAT WAS PART OF THE FORMER PAUL A. DEVER SCHOOL. 0 0 38129 TAUNTON DEVELOPMENT/MASSDEVELOPMENT CORPORATION WAS FORMED TO OWN AND REDEVELOP THE FORMER DEVER STATE SCHOOL CORE CAMPUS IN TAUNTON, MA. THE PORPERTY CONSISTS OF APPROXIMATELY 220 ACRES WITH APPROXIMATELY 40 DILAPIDATED BUILDINGS AND UNDERSGROUND TUNNELS. REDEVELOPMENT WORK ON THE PROPERTY BEGAN IN FISCAL YEAR 2012. REDEVELOPMENT CONSISTS OF BUILDING ROADS AND UTILILTIES INFRASTRUCTURE, OBTAINING PERMITS, AND SELLING DEVELOPMENT-READY PARCELS OF LAND TO COMPANIES AND OTHERS TO GENERATE JOB CREATION AND JOB TRAINING/SKILLS DEVELOPMENT. 38129 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 4 0 0 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 MA X SIMON GERLIN 6173302000 99 HIGH STREET 11TH FLOOR BOSTON MA 02110 TANIA HARTFORD DIRECTOR/PRESIDENT-THRU 5/2024 1.00 36.50 X X 0 223686 50285 SIMON GERLIN DIRECTOR/TREASURER 1.00 36.50 X X 0 232837 65473 SEAN CALNAN CLERK / DIRECTOR 1.00 36.50 X X 0 190618 59547 MIKE MITCHELL ASISTANT CLERK 1.00 36.50 X X 0 133183 24748 DANIEL DAROSA DIRECTOR/VP 12.00 28.00 X 0 0 0 MICHAEL MILLER DIRECTOR/VP 12.00 28.00 X 0 0 0 LOUIS RICCIARDI DIRECTOR/VP 12.00 28.00 X 0 0 0 VICTOR SANTOS DIRECTOR/VP 12.00 28.00 X 0 0 0 DANIEL RIVERA PRESIDENT/CEO 1.00 36.50 X 0 227407 48258 AMANDA WALL DEPUTY GENERAL COUNSEL 1.00 36.50 X 0 170271 26819 0 1178002 275130 0 0 1 0 0 DIF DEMOLITION REIMBURSEMENT 531390 1058509 1058509 FID ADMIN EXPENSES REIMBURSEMENT 531390 27435 27435 1085944 1085944 0 0 1085944 14139 14139 41132 41132 PROPERTY MAINTENANCE 30000 30000 PROJECT EXPENSE 8129 8129 93400 38129 55271 0 7738530 8639140 12799 13284 1891430 0 1872743 1891430 9624072 10543854 90526 17764 90526 17764 X 9533546 10526090 9533546 10526090 9624072 10543854 992544 0 X 0 1 X 1 0 X 2065 2064 0 0 0 4129 0 1556977 536029 539293 1085944 3718243 2065 1559041 536029 539293 1085944 3722372 0 0 0 3722372 2065 1559041 536029 539293 1085944 3722372 1.00000 1.00000 0.00000 0.00000 X 1891430 1891430 1891430 0 0 0 0 0 0 0 0 0 SIMON GERLIN DIRECTOR/TREASURER 0 232837 0 0 0 0 0 52628 0 12845 0 298310 0 0 DANIEL RIVERA PRESIDENT/CEO 0 227407 0 0 0 0 0 41718 0 6540 0 275665 0 0 TANIA HARTFORD DIRECTOR/PRESIDENT-THRU 5/2024 0 223686 0 0 0 0 0 47590 0 2695 0 273971 0 0 SEAN CALNAN CLERK / DIRECTOR 0 190618 0 0 0 0 0 48714 0 10833 0 250165 0 0 AMANDA WALL DEPUTY GENERAL COUNSEL 0 170271 0 0 0 0 0 16179 0 10640 0 197090 0 0 MIKE MITCHELL ASISTANT CLERK 0 133183 0 0 0 0 0 24748 0 0 0 157931 0 0 FORM 990, PART VI, SECTION A, LINE 6 MASSACHUSETTS DEVELOPMENT FINANCE AGENCY AND TAUNTON DEVELOPMENT CORPORATION SERVE AS MEMBERS OF THE CORPORATION. EACH HAS AUTHORITY TO APPOINT MEMBERS OF THE CORPORATION'S BOARD OF DIRECTORS. THE CORPORATION MAY ALSO ENGAGE THESE ORGANIZATIONS TO PROVIDE ADMINISTRATIVE OR OPERATIONAL SERVICES IN CONNECTION WITH THE CORPORATION'S PROPOSED ACTIVITIES AS DISCLOSED ON FORM 990, PART III, LINE 4. FORM 990, PART VI, SECTION A, LINE 7A UNDER THE BY-LAWS OF THE CORPORATION, BOARD MEMBERS ARE APPOINTED BY THE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B THE POWERS OF THE MEMBERS OF THE CORPORATION ARE THE FOLLOWING: -TO MAKE AND ACCEPT CONTRIBUTIONS, WHETHER CAPITAL OR CHARITABLE. - TO LEND FUNDS TO THE CORPORATION. - TO APPOINT INDIVIDUALS TO THE BOARD OF DIRECTORS WITH TAUNTON DEVELOPMENT CORPORATION HAVING THE POWER TO APPOINT THREE(3) DIRECTORS AND MASSACHUSETTS DEVELOPMENT FINANCE AGENCY HAVING THE POWER TO APOINT FOUR(4) DIRECTORS. - TO COMPLETE ANY TASKS THAT THE BOARD OF DIRECTORS OF ANY COMMITTEE OOF THE BOARD FAILS TO COMPLETE. - TO DISSOLVE THE CORPORATION BY A TWO-THIRDS MAJORITY VOTE OF THE MEMBERS. - TO AMEND THE ARTICLES OF THE CORPORATION BY A TWO-THIRDS MAJORITY OF THE MEMBERS. - TO PERFORM SUCH OTHER AND FURTHER DUTIES AS ARE RESERVED TO THE MEMBERS OF A CORPORATION PURSUANT TO CHAPTER 180 OF THE MASSACHUSETTS GENERAL LAWS. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS BOARD COMMITTEES, WHICH MET DURING THE FISCAL YEAR AND MADE DECISIONS ON SOME OPERATIONAL MATTERS; HOWEVER, ALL MAJOR DECISIONS OF THE ORGANIZATIOON WERE MADE BY THE BOARD OF DIRECTORS IN THE MINUTES OF THEIR MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE CORPORATION HAS A PAID PREPARER FOR THE RETURN. THE PREPARED RETURN IS REVIEWED BY FINANCE AND LEGAL COUNSEL AT MASSACHUSETTS DEVELOPMENT FINANCE AGENCY PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A BOARD APPROVED CONFLICT OF INTEREST POLICY COVERING ALL BOARD MEMBERS, OFFICERS AND EMPLOYEES. ALL OFFICERS AND BOARD MEMBERS ARE ASKED TO REPORT ANNUALLY WHETHER OR NOT THEY HAVE ANY POTENTIAL CONFLICT. EACH REPORTED CONFLICT IS REVIEWED AND ANY PERSONS DETERMINED TO HAVE A CONFLICT IS REMOVED FROM ANY AFFECTED DECISION MAKING PROCESS. THE LEGAL DEPARTMENT OVERSEES POLICIES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION AND BENEFITS REPORTED IN PART VII ARE DETERMINED BY MASSACHUSETTS DEVELOPMENT FINANCE AGENCY, A RELATED ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE FORM 990 WITHOUT SCHEDULE B IS ALSO AVAILABLE VIA GUIDESTAR AND THE MASSACHUSETTS OFFICE OF ATTORNEY GENERAL'S WEBSITE. MASSACHUSETTS DEVELOPMENT FINANCE AGENCY 99 HIGH STREET BOSTON MA 02110 043431814 ECONOMY GROWTH MA 115 N/A 0 CIVIC INVESTMENTS INC 99 HIGH STREET BOSTON MA 02110 043166416 CONDUIT FUND MA 501(C)(3) LINE 12A, I MDFA 0 MASSCARE CAPITAL INC 99 HIGH STREET BOSTON MA 02110 222975198 FOUNDATION TO SUPPIRT MASSDEVELOPMENT AND OTHER 501(C)(3) MA 501(C)(3) MDFA 0 MASSDEVELOPMENT EFA TRUST 99 HIGH STREET BOSTON MA 02110 043379905 CONDUIT TRUST MA 501(C)(3) LINE 12A, I MDFA 0 HOSPITAL HILL DEVELOPMENT LLC 99 HIGH STREET BOSTON MA 02110 043724531 REDEVELOPMENT STATE HOSPITAL MA N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0