What Madison Park Development does

Madison Park Development Corporation (MPDC) is a 501(c)-style nonprofit community development corporation founded in 1966 in Roxbury, Boston, as one of the nation's first community-based organizations to independently develop affordable housing for low- and moderate-income residents. The organization has developed and manages 1,364 rental homes housing over 3,000 residents across Roxbury, South End, and Mattapan, and operates three wholly-owned program arms: Hibernian Hall (a performing arts and event venue at 184 Dudley Street), The Dewitt Center (a community center at 122 Dewitt Drive offering youth, health equity, and civic engagement programming), and Madison Park Next Door (a first-time homebuyer program offering CHAPA-certified education, counseling, and down payment assistance up to $100,000 in Boston and $50,000 outside Boston). MPDC also manages approximately 83,000 square feet of commercial real estate, primarily in Roxbury.

MPDC's business model is a hybrid of earned revenue and charitable support. Earned revenue streams include below-market rents from the 1,364-unit affordable housing portfolio, commercial real estate leasing, event venue rentals and ticketed programming at Hibernian Hall, and modest fees from homeownership workshops (which are otherwise free). Capital and operating support is derived from individual donations, monthly pledges, Friends of Hibernian Hall memberships, and federal/state grants channeled through affordable housing programs. The organization maintains development partnerships with Preservation of Affordable Housing (POAH), Boston Housing Authority, Trinity Financial, and Urban League of Eastern Massachusetts, and is a member of the NeighborWorks America and MACDC networks. The active development pipeline includes the $160M three-phase Whittier Street CNI Redevelopment, $80M 2085 Washington Street, $50M 84 Warren Street, $46.3M 639 Warren Street, and $11.6M 75 Dudley Street projects, with the latter two advancing through BPDA approvals in 2024. MPDC is led by CEO Monica Dean (appointed 2024) and operates with 11–50 employees from its Roxbury headquarters.

Name

Madison Park Development

Legal name

Madison Park Development Corporation

Website

https://madison-park.org

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

11–50 employees

Short description

Madison Park Development Corporation is a 1966-founded nonprofit community development corporation in Roxbury, Boston, that develops and manages 1,364 affordable rental homes for over 3,000 low- and moderate-income residents while operating arts, youth, health, and civic engagement programs.

Ownership category

akta.pro rank

Product category

Affordable Housing Development

NAICS

Residential Property Managers (531311), Rental and Leasing Services (532)

SIC

Operators Of Apartment Buildings (6513), Operators Of Nonresidential Buildings (6512), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Affordable Housing Property Management (BPAJAGAJ)

akta.pro secondary industries

Community Development & Neighborhood Revitalization Housing Programs (FSALAKAO), Housing & Neighborhood Services (Local Housing Programs) (BPAIACAJ), Parks, Recreation & Cultural Services (BPAIACAI)

Keywords

• Affordable housing development
• Community development corporation
• Homeownership assistance programs
• Commercial real estate leasing
• Arts and culture venue

Headquarters

HQ city

Roxbury

HQ country

United States

HQ region

North America

Offices2 records

Markets served

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Others

Revenue model

1. Donations and Charitable Contributions: MPDC raises funds through one-time gifts, monthly pledges, and membership programs (Friends of Hibernian Hall) to support affordable housing preservation, community programs, and neighborhood revitalization efforts.
2. Commercial Real Estate Leasing: MPDC manages approximately 83,000 square feet of commercial real estate and generates revenue through leasing commercial properties in Roxbury.
3. Homeownership Program Services: MPDC provides first-time homebuyer classes, homeownership workshops, and financial assistance programs including down payment assistance (up to $100,000 in Boston, $50,000 outside Boston) and Individual Development Accounts (IDAs) to support residents in purchasing homes.
4. Event Venue Rentals: Hibernian Hall serves as an arts and culture venue generating revenue through rental fees for performances, events, and community gatherings.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Madison Park Development Corporation develops, owns, and manages affordable rental housing for low- and moderate-income residents of Roxbury, South End, and Mattapan in Boston. The organization complements its housing operations with a first-time homebuyer education and down payment assistance program (Madison Park Next Door), commercial real estate leasing of approximately 83,000 square feet, an arts and culture venue (Hibernian Hall), and a community center (The Dewitt Center) offering youth development, health equity, and civic engagement programs.

Product overview

Madison Park Development Corporation is a non-profit community development organization offering a portfolio of housing, community services, and arts/culture programs. The core offerings include Real Estate Development (affordable housing development and management of 1,364 rental homes), the Madison Park Next Door Homeownership Program (down payment assistance and homebuyer education), Asset Management (commercial leasing of 83,000 sq ft), Hibernian Hall (performing arts venue), and The Dewitt Center (community center). These programs are coordinated through the Roxbury-based organization to support affordable housing, homeownership, and community vitality in the Roxbury neighborhood.

Differentiator

Problem solved

Functional benefit

Brands

• Madison Park Next Door: First-time homebuyers program providing down payment assistance, financial education, and homeownership workshops for MPDC residents.
• Hibernian Hall
• The Dewitt Center

Products and services

• Real Estate Development Development of affordable and mixed-income rental housing for low- and moderate-income families in Roxbury, South End, and Mattapan, including 1,364 rental homes housing over 3,000 residents.
• Housing Portfolio Portfolio of affordable rental housing units across Roxbury, South End, and Mattapan, including properties developed through partnerships with POAH and the Boston Housing Authority.
• Projects in Development Active affordable and mixed-income housing development projects including Whittier Street CNI Redevelopment ($160M), 2085 Washington Street ($80M), 84 Warren Street ($50M), 75 Dudley Street ($11.6M), and 639 Warren Street ($46.3M).
• Madison Park Next Door Homeownership Program First-time homebuyer program providing down payment assistance up to $100,000 in Boston and $50,000 outside Boston, along with homebuyer education workshops, CHAPA-certified classes, counseling, and IDA savings programs for low- and moderate-income residents.
• Commercial Real Estate Leasing Management of approximately 83,000 square feet of commercial real estate properties available for lease to businesses in the Roxbury neighborhood, with quote-based monthly pricing.
• Hibernian Hall Venue Historic performing arts venue and cultural center in Nubian Square, hosting concerts, theater productions, film festivals, and community events; available for event rentals with general admission events from free to $25 and VIP experiences up to $50.
• The Dewitt Center Community center providing space reservations, youth programs, health and wellness activities, sports leagues, and community events for Roxbury residents, located at 122 Dewitt Drive.
• Community Building and Engagement Programs Civic engagement initiatives, youth development programs (including the 9-week paid Youth Work Career Pathways Program and Summer Youth Employment Program), health equity workshops, and community support services for Roxbury residents.

Quantifiable outcome

• 1,364 low- and moderate-income rental homes developed
• +4 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• Preservation of Affordable Housing (POAH)coreStrategic or Co-development Partner · 1 March 2018Co-development partner for the Whittier Street CNI Redevelopment project, a three-phase $160 million initiative to redevelop public housing. POAH is a nonprofit focused on preserving and creating affordable housing. Phase I (92 units) completed January 2020, Phase II (52 units) completed December 2021, Phase III (172 units + 9,000 sq ft commercial) in development.
• Boston Housing Authority (BHA)coreStrategic or Co-development Partner · 1 March 2018Partner in the Choice Neighborhoods Initiative at Whittier Street, working to transform public housing and surrounding neighborhoods. BHA provides housing vouchers and regulatory support for affordable housing development.
• Trinity FinancialmajorStrategic or Co-development PartnerDevelopment partner for 2085 Washington Street project ($80 million, 32 homeownership + 64 rental units). Trinity Financial is a Boston-based real estate development firm specializing in mixed-income housing.
• Urban League of Eastern MassachusettsmajorStrategic or Co-development PartnerPartner for 84 Warren Street development ($50 million, 22 homeownership + 43 rental units). The Urban League provides expertise in economic empowerment and workforce development alongside housing development.
• NeighborWorks AmericacoreStrategic or Co-development PartnerMPDC is a member of the NeighborWorks America network, which provides training, resources, and support to community-based housing organizations across the United States.
• RoxVote CoalitioncoreStrategic or Co-development PartnerNon-partisan coalition organized by MPDC to increase voter registration and participation in Roxbury. Partners include Black Economic Justice Institute, Dudley Street Neighborhood Initiative, Mass Parents United, NAACP, and other local organizations.
• MACDC (Massachusetts Association of Community Development Corporations)majorStrategic or Co-development PartnerMPDC is a member of MACDC, which supports community development corporations across Massachusetts. Hosts events including the Mel King Institute's Annual Breakfast at Hibernian Hall.
• Castle of our SkinsminorGTM or Marketing PartnerPartner for arts programming at Hibernian Hall, including the Black Declaration of Independence concert. Organization celebrating Black culture through music and arts.

Scale indicators10 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Preservation of Affordable Housing (POAH): National nonprofit that preserves and creates affordable rental housing — MPDC's direct co-development partner on the $160M Whittier Street CNI Redevelopment. Operates the same nonprofit affordable housing development model across multiple East Coast markets.
• Whittier Street Health Center: Roxbury-based community health center that sits at the heart of the same Whittier Street CNI Redevelopment partnership. Provides health equity services for many of the same residents MPDC houses and represents the integrated health-housing model MPDC aspires to coordinate with.
• Dudley Street Neighborhood Initiative: Roxbury-based community-led nonprofit focused on equitable development, affordable housing, and community land trust stewardship in the same neighborhood MPDC serves. Operates a comparable resident-driven model with overlapping donor and city networks.
• Codman Square Neighborhood Development Corporation: Boston CDC that develops and manages affordable housing, provides resident services, and runs workforce development programming in Dorchester — a structurally identical model to MPDC, just operating in an adjacent Boston neighborhood.
• Urban League of Eastern Massachusetts: MPDC's partner on the 84 Warren Street development. Combines economic empowerment, workforce development, and housing initiatives for the same low- and moderate-income resident population in Greater Boston.
• Habitat for Humanity Greater Boston: Nonprofit affordable homeownership developer in Greater Boston offering homebuyer education and below-market sales — functionally comparable to MPDC's Madison Park Next Door homeownership program and broader affordable housing development mission.

Others

• Boston Housing Authority: Municipal public housing authority and MPDC's Whittier Street CNI partner. Distinct operating model (public agency vs. nonprofit) but directly comparable in stewarding affordable housing stock and resident services for the same Boston population.
• Local Initiatives Support Corporation (LISC): National community development intermediary that finances and supports CDCs including NeighborWorks affiliates. Not a direct operating competitor, but a key ecosystem participant that channels capital to organizations with MPDC's profile.

Broad incumbents

• The Community Builders: National nonprofit affordable housing developer and manager operating across multiple states. Comparable to MPDC's core real estate development and asset management functions, though at significantly greater geographic and portfolio scale.

Regional players

• Pine Street Inn: Boston-based nonprofit providing housing and supportive services to individuals experiencing homelessness. Operates in the same city and overlaps on housing and resident services for very low-income Bostonians, though with a distinctly different resident population.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/madisonparkdc

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Madison Park Development