The Ralph Madara Blacksmith Shop became a reality on November 12, 1982, at an old-time barn-raising event. Madara was a Waterford resident dedicated to the art of blacksmithing.

A dedication plaque on the shop from 2011 reads:
"Ralph Madara Blacksmith Shop: His dedication - boundless; His passion - smithing; His contributions - endless."

The smithy is equipped with a working forge and numerous "smithing tools." An enthusiastic and talented cadre of blacksmiths gather regularly to create hand-forged items and provide instruction in the art of forging. One must be a member of the Waterford Historical Society to work in the forge and must adhere strictly to the posted set of rules. The public is welcome to observe the blacksmiths at work. Hand-forged items made by the smiths are also for sale.