Civic Intelligence

Swap Stop Wasting Abandoned Property

990 • Fiscal year 2021 • EIN 05-0370946

Sep 01, 2020 to Aug 31, 2021 • Filed on Apr 12, 2022

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

86th percentile

0.75x

Higher debt load relative to assets than 86% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

5003.41x

Higher debt load relative to revenue than 100% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

1st percentile

-34597%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2021

Asset Growth

6th percentile

-9.7%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-100%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$15,144,919

Down $1,626,845 (-9.7%) from 2020

Net Assets

Down

$3,722,138

Down $789,854 (-18%) from 2020

Liabilities

Down

$11,422,781

Down $836,991 (-6.8%) from 2020

Revenue And Expenses
Liabilities / Revenue100th percentileNet Margin1st percentile

Revenue

Down

$2,283

Down $1,834,902 (-100%) from 2020

Expenses

Down

$792,137

Down $114,142 (-13%) from 2020

Net Income

Down

-$789,854

Down $1,720,760 (-185%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2021

Assets$15,144,919
Liabilities$11,422,781
Net Assets$3,722,138
Open 2021 Filing

Operations Trend

Revenue Growth1st percentile

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

2021

Revenue$2,283
Expenses$792,137
Net Income-$789,854
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Apr 12, 2022
Return Version
2020v4.2
Gross Receipts
$3,255,177
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$7,491,955$7,300,255▼ $191,700
Other Notes and Loans Receivable, Net$4,334,609$4,386,094▲ $51,485
Investments Program Related$2,693,897$1,044,157▼ $1,649,740
Savings and Temporary Cash Investments$846,907$814,874▼ $32,033
Accounts Receivable$641,828$809,142▲ $167,314
Cash and Non-Interest-Bearing Accounts$501,668$486,867▼ $14,801
Prepaid Expenses and Deferred Charges$16,618$23,265▲ $6,647
Total Assets$16,771,764$15,144,919▼ $1,626,845
Other Assets Total$244,282$280,265▲ $35,983
Liabilities
Mortgage Notes Payable Secured by Investment Property$10,815,051$9,834,051▼ $981,000
Accounts Payable and Accrued Expenses$1,206,458$1,461,259▲ $254,801
Other Liabilities$97,582$64,863▼ $32,719
Unsecured Notes Loans Payable$140,564$56,592▼ $83,972
Deferred Revenue$117$6,016▲ $5,899
Total Liabilities$12,259,772$11,422,781▼ $836,991
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,722,872$1,933,018▼ $789,854
Net Assets With Donor Restrictions$1,789,120$1,789,120→ $0
Total Net Assets Fund Balance$4,511,992$3,722,138▼ $789,854
Total Liabilities and Net Assets / Fund Balance$16,771,764$15,144,919▼ $1,626,845

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,038,279$2,086,805$8,125,084
Land$1,261,976-$1,261,976
Equipment$0$88,057$88,057
Investment Program Related Org$84,976--
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Miguel QuezadaPresident
Peter BortolottiVice President
Angelica RiveraDirector
Fabiola BrunacheDirector
Graham KilvertDirector
John PrinceDirector
Nancy WhitSecretary
Richardson OgidonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$587,475
Program Service Revenue
$668,249
Investment Income
$53,565
Other Revenue
$-1,307,006
All Other Contributions
$520,178
Change in Net Assets
$-789,854

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,283
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,252,894
Total Revenue per Audited Statements
$3,255,177
Total Revenue per Form 990
$2,283
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$607,671
Other Expenses$184,026
Grants and Similar Amounts Paid$440
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$421,829--$421,829
Current Officers, Directors, Trustees, and Key Employees$90,000--$90,000
Other Employee Benefits$51,009--$51,009
Payroll Taxes$44,833--$44,833
Office Expenses$2,824$41,888-$44,712
Occupancy$22,662--$22,662
Fees for Services Accounting-$21,478-$21,478
Advertising-$15,145-$15,145
Depreciation Depletion$14,838--$14,838
Other Expenses$7,501$13,005-$7,501
Travel$1,597$5,155-$6,752
Interest$6,697--$6,697
Insurance$6,014--$6,014
Fees for Services Other$2,760--$2,760
Grants to Domestic Orgs$440--$440
Total Functional Expenses$695,466$96,671$0$792,137

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,045,031
Expenses Not Reported on Form 990$3,252,894
Expenses per Audited Statements$792,137
Total Expenses per Form 990$792,137
Expenses Not Reported on Financial Statements$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$51,195
Deferred Developer Fee$13,668
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
2022-04-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carla Destefano
Formed
1976
Legal Domicile
Ri
Voting Board Members
8
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 XII, LINE 2C:

“There have been no changes to the organization's auditor selection and oversight process during the year”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses presented as reduction of rental income 634,578. Cost of real estate sold presented as reduction of proceeds 2,618,316.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Rental expenses presented as reduction of rental income 634,578. Cost of real estate sold presented as reduction of proceeds 2,618,316.”

Raw XML AppendixShowing 400 of 674 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01206458
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01461259
IRS990/AccountsReceivableGrp/BOYAmt0641828
IRS990/AccountsReceivableGrp/EOYAmt0809142
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt015145
IRS990/AdvertisingGrp/TotalAmt015145
IRS990/AllOtherContributionsAmt0520178
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BooksInCareOfDetail/PersonNm0CARLA DESTEFANO
IRS990/BooksInCareOfDetail/PhoneNum04012720526
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0439 PINE ST
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002907
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0501668
IRS990/CashNonInterestBearingGrp/EOYAmt0486867
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt090000
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt090000
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd01
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CostOfGoodsSoldAmt02618316
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0587475
IRS990/CYGrantsAndSimilarPaidAmt0440
IRS990/CYInvestmentIncomeAmt053565
IRS990/CYOtherExpensesAmt0184026
IRS990/CYOtherRevenueAmt0-1307006
IRS990/CYProgramServiceRevenueAmt0668249
IRS990/CYRevenuesLessExpensesAmt0-789854
IRS990/CYSalariesCompEmpBnftPaidAmt0607671
IRS990/CYTotalExpensesAmt0792137
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02283
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt0117
IRS990/DeferredRevenueGrp/EOYAmt06016
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt014838
IRS990/DepreciationDepletionGrp/TotalAmt014838
IRS990/Desc0RESIDENTIAL PROGRAM-PROMOTES THE CONSERVATION OF PROVIDENCE NEIGHBORHOODS THROUGH PRESERVATION AND REHABILITATION FOR LOW TO MODERATE INCOME FAMILIES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01789120
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt01789120
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0695466
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt021478
IRS990/FeesForServicesAccountingGrp/TotalAmt021478
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt02760
IRS990/FeesForServicesOtherGrp/TotalAmt02760
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt51.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0FABIOLA BRUNACHE
IRS990/Form990PartVIISectionAGrp/PersonNm1PETER BORTOLOTTI
IRS990/Form990PartVIISectionAGrp/PersonNm2GRAHAM KILVERT
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN PRINCE
IRS990/Form990PartVIISectionAGrp/PersonNm4NANCY WHIT
IRS990/Form990PartVIISectionAGrp/PersonNm5ANGELICA RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm6MIGUEL QUEZADA
IRS990/Form990PartVIISectionAGrp/PersonNm7RICHARDSON OGIDON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt7TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01976
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt067297
IRS990/GrantAmt0440
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0440
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0440
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt03255177
IRS990/GrossRentsGrp/RealAmt0484954
IRS990/GrossSalesOfInventoryAmt01419464
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt06014
IRS990/InsuranceGrp/TotalAmt06014
IRS990/InterestGrp/ProgramServicesAmt06697
IRS990/InterestGrp/TotalAmt06697
IRS990/InvestmentIncomeGrp/ExclusionAmt053565
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt053565
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt02693897
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01044157
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02174862
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07491955
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07300255
IRS990/LandBldgEquipCostOrOtherBssAmt09475117
IRS990/LegalDomicileStateCd0RI
IRS990/LessRentalExpensesGrp/RealAmt0634578
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION PROMOTES THE CONSERVATION OF PROVIDENCE AND NEARBY NEIGHBORHOODS THROUGH PRESERVATION AND REHABILITATION FOR LOW AND MODERATE INCOME FAMILIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt010815051
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt09834051
IRS990/NetAssetsOrFundBalancesBOYAmt04511992
IRS990/NetAssetsOrFundBalancesEOYAmt03722138
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-1198852
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-1198852
IRS990/NetRentalIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-149624
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt0-149624
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02722872
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01933018
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt022662
IRS990/OccupancyGrp/TotalAmt022662
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt041888
IRS990/OfficeExpensesGrp/ProgramServicesAmt02824
IRS990/OfficeExpensesGrp/TotalAmt044712
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0244282
IRS990/OtherAssetsTotalGrp/EOYAmt0280265
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt051009
IRS990/OtherEmployeeBenefitsGrp/TotalAmt051009
IRS990/OtherExpensesGrp/Desc0SPECIAL PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1EQUIPMENT RENTAL
IRS990/OtherExpensesGrp/Desc2TELEPHONE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt013005
IRS990/OtherExpensesGrp/ProgramServicesAmt022462
IRS990/OtherExpensesGrp/ProgramServicesAmt17501
IRS990/OtherExpensesGrp/TotalAmt022462
IRS990/OtherExpensesGrp/TotalAmt113005
IRS990/OtherExpensesGrp/TotalAmt27501
IRS990/OtherLiabilitiesGrp/BOYAmt097582
IRS990/OtherLiabilitiesGrp/EOYAmt064863
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0MISC INCOME
IRS990/OtherRevenueMiscGrp/Desc1NET LOSS PARTNERSHIPS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt042352
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt1-882
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt042352
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt1-882
IRS990/OtherRevenueTotalAmt041470
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0421829
IRS990/OtherSalariesAndWagesGrp/TotalAmt0421829
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt04334609
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt04386094
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt044833
IRS990/PayrollTaxesGrp/TotalAmt044833
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt016618
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt023265
IRS990/PrincipalOfficerNm0CARLA DESTEFANO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1LEASED STAFF
IRS990/ProgramServiceRevenueGrp/Desc2CONSULTING FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0493563
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1139866
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt234820
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0493563
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1139866
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt234820
IRS990/ProgSrvcAccomActy2Grp/Desc0TP 10 LLC-OWN AND OPERATE A 41 UNIT APARTMENT COMPLEX THAT SERVES LOW AND MODERATE INCOME FAMILIES.
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0-229209
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/RevenueAmt013422
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01449696
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt051994
IRS990/PYOtherExpensesAmt0227909
IRS990/PYOtherRevenueAmt0-557376
IRS990/PYProgramServiceRevenueAmt0892871
IRS990/PYRevenuesLessExpensesAmt0930906
IRS990/PYSalariesCompEmpBnftPaidAmt0678370
IRS990/PYTotalExpensesAmt0906279
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01837185
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-789854
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RentalIncomeOrLossGrp/RealAmt0-149624
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0846907
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0814874
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0587475
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01449696
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0697937
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0231762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01597722
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04564592
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0538301
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0475929
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0503729
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0473810
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0444146
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02435915
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt08837441
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.65200
IRS990ScheduleA/PublicSupportPY170Pct00.68080
IRS990ScheduleA/PublicSupportTotal170Amt04564592
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0587475
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01449696
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0697937
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0231762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01597722
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04564592
IRS990ScheduleA/TotalSupportAmt07000507
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06038279
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02086805
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08125084
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt088057
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt088057
IRS990ScheduleD/ExpensesNotReportedAmt03252894
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0792137
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0959181
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt184976
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/OtherExpensesIncludedAmt03252894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt051195
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt113668
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS HELD
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1DEFERRED DEVELOPER FEE
IRS990ScheduleD/OtherRevenueAmt03252894
IRS990ScheduleD/RevenueNotReportedAmt03252894
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02283
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0RENTAL EXPENSES PRESENTED AS REDUCTION OF RENTAL INCOME 634,578. COST OF REAL ESTATE SOLD PRESENTED AS REDUCTION OF PROCEEDS 2,618,316.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RENTAL EXPENSES PRESENTED AS REDUCTION OF RENTAL INCOME 634,578. COST OF REAL ESTATE SOLD PRESENTED AS REDUCTION OF PROCEEDS 2,618,316.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07300255
IRS990ScheduleD/TotalBookValueProgramRltdAmt01044157
IRS990ScheduleD/TotalExpensesPerForm990Amt0792137
IRS990ScheduleD/TotalLiabilityAmt064863
IRS990ScheduleD/TotalRevenuePerForm990Amt02283
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03255177
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04045031
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/ExplanationTxt4THERE HAVE BEEN NO CHANGES TO THE ORGANIZATION'S AUDITOR SELECTION AND OVERSIGHT PROCESS DURING THE YEAR
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 XII, LINE 2C:
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
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd60
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0474161708
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN1010637966
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN2050506737

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$15,144,919
Liabilities
$11,422,781
Net assets
$3,722,138
Revenue
$2,283
Expenses
$792,137
Net income
-$789,854
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