Civic Intelligence

Swap Stop Wasting Abandoned Property

990 • Fiscal year 2018 • EIN 05-0370946

Sep 01, 2017 to Aug 31, 2018 • Filed on Mar 05, 2019

Organization ProfileWWW.SWAPINC.ORG

View Organization Page

439 Pine StreetProvidence, RI 02907

(401) 272-0526

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.98x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2018

Net Margin

100th percentile

330%

Higher net margin than 100% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

19th percentile

$87,985

Higher top officer pay than 19% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2018

Asset Growth

4th percentile

-20%

Faster asset growth than 4% of similar nonprofits.

2018 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$11,686,637

Down $2,847,744 (-20%) from 2017

Net Assets

Down

$209,163

Down $1,173,547 (-85%) from 2017

Liabilities

Down

$11,477,474

Down $1,674,197 (-13%) from 2017

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$355,975

Down $1,833,983 (-124%) from 2017

Expenses

Down

$817,572

Down $120,811 (-13%) from 2017

Net Income

Down

-$1,173,547

Down $1,713,172 (-317%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$20M$15M$10M$5.0M$0Assets 2010: $11,006,311Liabilities 2010: $8,692,471Net Assets 2010: $2,313,8402010Assets 2011: $14,170,645Liabilities 2011: $11,468,386Net Assets 2011: $2,702,2592011Assets 2012: $14,516,382Liabilities 2012: $11,983,899Net Assets 2012: $2,532,4832012Assets 2013: $14,723,788Liabilities 2013: $12,323,340Net Assets 2013: $2,400,4482013Assets 2014: $13,654,058Liabilities 2014: $12,420,093Net Assets 2014: $1,233,9652014Assets 2015: $12,834,527Liabilities 2015: $12,336,087Net Assets 2015: $498,4402015Assets 2017: $14,534,381Liabilities 2017: $13,151,671Net Assets 2017: $1,382,7102017Assets 2018: $11,686,637Liabilities 2018: $11,477,474Net Assets 2018: $209,1632018Assets 2019: $15,691,815Liabilities 2019: $12,110,729Net Assets 2019: $3,581,0862019Assets 2020: $16,771,764Liabilities 2020: $12,259,772Net Assets 2020: $4,511,9922020Assets 2021: $15,144,919Liabilities 2021: $11,422,781Net Assets 2021: $3,722,1382021Assets 2022: $15,764,414Liabilities 2022: $12,504,623Net Assets 2022: $3,259,7912022Assets 2023: $18,102,766Liabilities 2023: $14,908,903Net Assets 2023: $3,193,8632023Assets 2024: $19,547,262Liabilities 2024: $15,867,800Net Assets 2024: $3,679,4622024

Highlighted filing

2018

Assets$11,686,637
Liabilities$11,477,474
Net Assets$209,163
Open 2018 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $950,4102010Revenue 2011: $1,455,782Expenses 2011: $1,067,363Net Income 2011: $388,4192011Revenue 2012: $813,415Expenses 2012: $983,191Net Income 2012: -$169,7762012Revenue 2013: $607,523Expenses 2013: $739,558Net Income 2013: -$132,0352013Revenue 2014: -$458,073Expenses 2014: $708,410Net Income 2014: -$1,166,4832014Revenue 2015: -$172,529Expenses 2015: $646,074Net Income 2015: -$818,6032015Revenue 2017: $1,478,008Expenses 2017: $938,383Net Income 2017: $539,6252017Revenue 2018: -$355,975Expenses 2018: $817,572Net Income 2018: -$1,173,5472018Revenue 2019: $4,152,674Expenses 2019: $780,751Net Income 2019: $3,371,9232019Revenue 2020: $1,837,185Expenses 2020: $906,279Net Income 2020: $930,9062020Revenue 2021: $2,283Expenses 2021: $792,137Net Income 2021: -$789,8542021Revenue 2022: $966,295Expenses 2022: $1,428,642Net Income 2022: -$462,3472022Revenue 2023: $4,159,433Expenses 2023: $4,210,361Net Income 2023: -$50,9282023Revenue 2024: $8,084,434Expenses 2024: $7,598,835Net Income 2024: $485,5992024

Highlighted filing

2018

Revenue-$355,975
Expenses$817,572
Net Income-$1,173,547
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2017 to Aug 31, 2018
Signed
Mar 5, 2019
Return Version
2017v2.3
Gross Receipts
$3,857,022
Mission and Program Overview

Mission

The organization promotes the conservation of providence and nearby neighborhoods through preservation and rehabilitation for low and moderate income families.

To confront the problem of housing abandonment and purchase, rehabilitate and construct homes and apartment complexes for low to moderate income families in providence, ri, and throughout rhode island. In addition, the organization owns an operates a single member llc known as tp 10, llc that owns 41 apartment units of low and moderate income housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,052,083$7,850,279▼ $201,804
Other Notes and Loans Receivable, Net$960,399$991,009▲ $30,610
Savings and Temporary Cash Investments$517,149$797,740▲ $280,591
Investments Program Related$3,755,000$757,018▼ $2,997,982
Accounts Receivable$496,816$704,817▲ $208,001
Cash and Non-Interest-Bearing Accounts$510,347$337,349▼ $172,998
Pledges and Grants Receivable$40,985$43,123▲ $2,138
Prepaid Expenses and Deferred Charges$4,454$4,293▼ $161
Total Assets$14,534,381$11,686,637▼ $2,847,744
Other Assets Total$197,148$201,009▲ $3,861
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,986,845$9,653,792▼ $1,333,053
Accounts Payable and Accrued Expenses$1,873,791$1,533,800▼ $339,991
Unsecured Notes Loans Payable$229,110$230,326▲ $1,216
Other Liabilities$60,619$59,039▼ $1,580
Deferred Revenue$1,306$517▼ $789
Total Liabilities$13,151,671$11,477,474▼ $1,674,197
Net Assets / Fund Balance
Temporarily Rstr Net Assets$2,331,472$1,219,523▼ $1,111,949
Unrestricted Net Assets$-948,762$-1,010,360▼ $61,598
Total Net Assets Fund Balance$1,382,710$209,163▼ $1,173,547
Total Liabilities and Net Assets / Fund Balance$14,534,381$11,686,637▼ $2,847,744

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,585,452$1,484,648$8,070,100
Land$1,261,976-$1,261,976
Equipment$2,851$85,206$88,057
Investment Program Related Org$87,941--
Compensation and Service Providers
Top Officer Pay19th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Carla DestefanoExecutive DirectorFT$87,985$87,985

Board Members and Trustees

NameTitle
Peter BortolottiPresident
Rosetta Clark BrooksVice President
Angelica RiveraDirector
Jeff AustinDirector
John PrinceDirector
Miguel QuezadaDirector
Nancy WhitDirector
Graham KilvertTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$231,672
Program Service Revenue
$753,728
Investment Income
$2,504
Other Revenue
$-1,343,879
All Other Contributions
$1,500
Change in Net Assets
$-1,173,547

Audited Revenue Reconciliation

Revenue per Audited Statements
$-355,975
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$-355,975
Total Revenue per Form 990
$-355,975
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$531,130
Other Expenses$286,442
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$324,375$27,689-$352,064
Fees for Services Other$108,507--$108,507
Current Officers, Directors, Trustees, and Key Employees$87,985--$87,985
Office Expenses$2,819$49,774-$52,593
Other Employee Benefits$48,287$2,546-$50,833
Payroll Taxes$38,233$2,015-$40,248
Interest$25,225--$25,225
Fees for Services Accounting-$19,009-$19,009
Depreciation Depletion$16,109--$16,109
Travel$2,321$11,721-$14,042
Occupancy$11,893--$11,893
Advertising-$10,935-$10,935
Insurance$5,309--$5,309
Other Expenses$4,708$10,244-$4,708
Total Functional Expenses$683,639$133,933$0$817,572

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$817,572
Total Expenses per Audited Statements$817,572
Total Expenses per Form 990$817,572
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits Held$45,371
Deferred Developer Fee$13,668
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Copy of form 990 is available for review by members of the governing body upon request.”

Form 990, Part VI, Section B, Line 12C

“The governing body adheres to the conflict of interest policy that is in place. This policy is reviewed periodically.”

Form 990, Part VI, Section B, Line 15

“The executive director and other key managment personnel are reviewed by the board of directors on an annual basis as to their compensation packages.”

Form 990, Part VI, Section C, Line 19

“The board makes available its board meetings, form 990 and audited financial statements upon request.”

Filing and Contact Details

Filer

Filer Name
Swap Inc
EIN
05-0370946
Phone
4012720526
Address
439 PINE STREET, PROVIDENCE, RI 02907

Signing Officer

Name
Carla Destefano
Title
Executive Director
Phone
4012720526
Signed
2019-03-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carla Destefano
Formed
1976
Legal Domicile
Ri
Voting Board Members
9
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Damiano Burk & Nuttall Pc
Address
6 BLACKSTONE VALLEY PL STE 109, LINCOLN, RI 02865
Preparer
Kevin Burk
Phone
4013332880
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Development consultant: program service expenses 68,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 68,000. Other consultants: program service expenses 40,507. Management and general expenses 0. Fundraising expenses 0. Total expenses 40,507.”

Raw XML AppendixShowing 400 of 648 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ProgramServicesAmt14708
IRS990/OtherExpensesGrp/TotalAmt010244
IRS990/OtherExpensesGrp/TotalAmt17868
IRS990/OtherExpensesGrp/TotalAmt24708
IRS990/OtherLiabilitiesGrp/BOYAmt060619
IRS990/OtherLiabilitiesGrp/EOYAmt059039
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/Desc1NET LOSS PARTNERSHIPS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt08406
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-222
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt08406
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-222
IRS990/OtherRevenueTotalAmt08184
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027689
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0324375
IRS990/OtherSalariesAndWagesGrp/TotalAmt0352064
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0960399
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt0991009
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02015
IRS990/PayrollTaxesGrp/ProgramServicesAmt038233
IRS990/PayrollTaxesGrp/TotalAmt040248
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt040985
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt043123
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt04454
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt04293
IRS990/PrincipalOfficerNm0CARLA DESTEFANO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/BusinessCd3531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1LEASED STAFF
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT/CONSULT FEE INCOME
IRS990/ProgramServiceRevenueGrp/Desc3HBC/FLOWER BOX/REIMB
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0555263
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1125476
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt249505
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt323484
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0555263
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1125476
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt249505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt323484
IRS990/ProgSrvcAccomActy2Grp/Desc0TP 10 LLC-OWN AND OPERATE A 41 UNIT APARTMENT COMPLEX THAT SERVES LOW AND MODERATE INCOME FAMILIES.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0-243989
IRS990/ProgSrvcAccomActy3Grp/Desc0SOUTHSIDE GATEWAYS/500 BROAD STREET, LLC CONSTRUCTED TEN UNITS OF COMMERCIAL CONDOMINIUMS IN SOUTH PROVIDENCE, THROUGH 8/31/17, 7 UNITS HAVE BEEN SOLD AND THE THREE OTHER UNITS ARE BEING RENTED. THESE CONDOMINIUMS SERVE TO REVITALIZE THE AREA THROUGH BRINGING ADDITIONAL SMALL BUSINESSES TO ITS RESIDENTS.
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt025948
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ANCHOR CO-OP OWNS AND OPERATES A 5 UNIT APARTMENT COMPLEX THAT LEASES TO LOW AND MODERATE INCOME FAMILIES. THE PROPERTY WAS SOLD DURING THE YEAR.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01597722
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0-86728
IRS990/PYOtherExpensesAmt0404241
IRS990/PYOtherRevenueAmt0-919851
IRS990/PYProgramServiceRevenueAmt0886865
IRS990/PYRevenuesLessExpensesAmt0539625
IRS990/PYSalariesCompEmpBnftPaidAmt0534142
IRS990/PYTotalExpensesAmt0938383
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01478008
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-1173547
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-170559
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0843006
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0517149
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0797740
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0231762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01597722
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0983143
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0283960
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0483540
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03580127
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0473810
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0444146
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0427906
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0449619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0455995
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02251476
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02917300
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61390
IRS990ScheduleA/PublicSupportPY170Pct00.68330
IRS990ScheduleA/PublicSupportTotal170Amt03580127
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0231762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01597722
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0983143
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0283960
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0483540
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03580127
IRS990ScheduleA/TotalSupportAmt05831603
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt06585452
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01484648
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08070100
IRS990ScheduleD/EquipmentGrp/BookValueAmt02851
IRS990ScheduleD/EquipmentGrp/DepreciationAmt085206
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088057
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0817572
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0669077
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt187941
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0CONSTRUCTION IN PROG/REAL ESTATE HELD
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESTMENT IN PARTNERSHIPS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/LandGrp/BookValueAmt01261976
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01261976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt045371
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113668
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED DEVELOPER FEE
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0-355975
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07850279
IRS990ScheduleD/TotalBookValueProgramRltdAmt0757018
IRS990ScheduleD/TotalExpensesPerForm990Amt0817572
IRS990ScheduleD/TotalLiabilityAmt059039
IRS990ScheduleD/TotalRevenuePerForm990Amt0-355975
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0-355975
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0817572
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0COPY OF FORM 990 IS AVAILABLE FOR REVIEW BY MEMBERS OF THE GOVERNING BODY UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY ADHERES TO THE CONFLICT OF INTEREST POLICY THAT IS IN PLACE. THIS POLICY IS REVIEWED PERIODICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE EXECUTIVE DIRECTOR AND OTHER KEY MANAGMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS AS TO THEIR COMPENSATION PACKAGES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD MAKES AVAILABLE ITS BOARD MEETINGS, FORM 990 AND AUDITED FINANCIAL STATEMENTS UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DEVELOPMENT CONSULTANT: PROGRAM SERVICE EXPENSES 68,000. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 68,000. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 40,507. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 40,507.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0TP 10 LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1SOUTHSIDE GATEWAYS500 BROAD LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0270925365
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1263452002
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1RI
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0RENTAL OF LOW INCOME HOUSING
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1SALE OF AFFORDABLE CONDOS TO SMALL BUSINESS
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0439 PINE STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1439 PINE STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0PROVIDENCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1PROVIDENCE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1RI
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd002907
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd102907
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd20
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd30
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd40
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd50

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$11,686,637
Liabilities
$11,477,474
Net assets
$209,163
Revenue
-$355,975
Expenses
$817,572
Net income
-$1,173,547
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$19.5$15.9$3.68$8.08$7.60$0.49
2023Detailed filing. Detailed filing data is available for this year.$18.1$14.9$3.19$4.16$4.21$0.05
2022Detailed filing. Detailed filing data is available for this year.$15.8$12.5$3.26$0.97$1.43$0.46
2021Detailed filing. Detailed filing data is available for this year.$15.1$11.4$3.72$0.00$0.79$0.79
2020Detailed filing. Detailed filing data is available for this year.$16.8$12.3$4.51$1.84$0.91$0.93
2019Detailed filing. Detailed filing data is available for this year.$15.7$12.1$3.58$4.15$0.78$3.37
2018Detailed filing. Detailed filing data is available for this year.$11.7$11.5$0.21$0.36$0.82$1.17
2017Detailed filing. Detailed filing data is available for this year.$14.5$13.2$1.38$1.48$0.94$0.54
2015Detailed filing. Detailed filing data is available for this year.$12.8$12.3$0.50$0.17$0.65$0.82
2014Detailed filing. Detailed filing data is available for this year.$13.7$12.4$1.23$0.46$0.71$1.17
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.7$12.3$2.40$0.61$0.74$0.13
2012Summary only. Only limited summary data is available for this year.$14.5$12.0$2.53$0.81$0.98$0.17
2011Summary only. Only limited summary data is available for this year.$14.2$11.5$2.70$1.46$1.07$0.39
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.0$8.69$2.31$0.95