Civic Intelligence

Omni-Governor Inc.

990 • Fiscal year 2016 • EIN 05-0481911

Jan 01, 2016 to Dec 31, 2016 • Filed on May 08, 2017

Organization ProfileN/A
810 Eddy StreetProvidence, RI 02905

(401) 461-4442

Siviq Scores

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

Liabilities / Assets

95th percentile

1.35x

Higher debt load relative to assets than 95% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

97th percentile

7.87x

Higher debt load relative to revenue than 97% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

17th percentile

-17%

Higher net margin than 17% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

68th percentile

$97,586

Higher top officer pay than 68% of similar nonprofits.

Top officer pay equals 16.4% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

33rd percentile

-2.4%

Faster asset growth than 33% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

52nd percentile

3.3%

Faster revenue growth than 52% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$3,471,044

Down $83,963 (-2.4%) from 2015

Net Assets

Down

-$1,209,118

Down $99,424 (-9.0%) from 2015

Liabilities

Up

$4,680,162

Up $15,461 (+0.3%) from 2015

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin17th percentile

Revenue

Up

$594,794

Up $19,037 (+3.3%) from 2015

Expenses

Up

$694,218

Up $23,154 (+3.5%) from 2015

Net Income

Down

-$99,424

Down $4,117 (-4.3%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth33rd percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $3,800,695Liabilities 2010: $4,670,749Net Assets 2010: -$870,0542010Assets 2011: $3,893,771Liabilities 2011: $4,665,490Net Assets 2011: -$771,7192011Assets 2012: $3,845,100Liabilities 2012: $4,691,166Net Assets 2012: -$846,0662012Assets 2013: $3,749,387Liabilities 2013: $4,670,757Net Assets 2013: -$921,3702013Assets 2014: $3,654,169Liabilities 2014: $4,668,556Net Assets 2014: -$1,014,3872014Assets 2015: $3,555,007Liabilities 2015: $4,664,701Net Assets 2015: -$1,109,6942015Assets 2016: $3,471,044Liabilities 2016: $4,680,162Net Assets 2016: -$1,209,1182016Assets 2017: $3,383,609Liabilities 2017: $4,679,980Net Assets 2017: -$1,296,3712017Assets 2018: $3,283,877Liabilities 2018: $4,712,594Net Assets 2018: -$1,428,7172018Assets 2019: $3,150,433Liabilities 2019: $4,689,694Net Assets 2019: -$1,539,2612019Assets 2020: $3,067,563Liabilities 2020: $4,720,487Net Assets 2020: -$1,652,9242020Assets 2021: $2,959,119Liabilities 2021: $4,731,162Net Assets 2021: -$1,772,0432021Assets 2022: $2,830,062Liabilities 2022: $4,715,208Net Assets 2022: -$1,885,1462022Assets 2023: $2,736,971Liabilities 2023: $4,743,066Net Assets 2023: -$2,006,0952023Assets 2024: $2,595,864Liabilities 2024: $4,761,175Net Assets 2024: -$2,165,3112024

Highlighted filing

2016

Assets$3,471,044
Liabilities$4,680,162
Net Assets-$1,209,118
Open 2016 Filing

Operations Trend

Revenue Growth52nd percentile

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

$1.0M$500K$0-$500KExpenses 2010: $610,0812010Expenses 2011: $597,0532011Expenses 2012: $620,8292012Revenue 2013: $558,264Expenses 2013: $633,568Net Income 2013: -$75,3042013Revenue 2014: $552,298Expenses 2014: $645,315Net Income 2014: -$93,0172014Revenue 2015: $575,757Expenses 2015: $671,064Net Income 2015: -$95,3072015Revenue 2016: $594,794Expenses 2016: $694,218Net Income 2016: -$99,4242016Revenue 2017: $597,200Expenses 2017: $684,453Net Income 2017: -$87,2532017Revenue 2018: $603,219Expenses 2018: $735,565Net Income 2018: -$132,3462018Revenue 2019: $584,761Expenses 2019: $695,305Net Income 2019: -$110,5442019Revenue 2020: $600,503Expenses 2020: $714,166Net Income 2020: -$113,6632020Revenue 2021: $602,945Expenses 2021: $722,064Net Income 2021: -$119,1192021Revenue 2022: $628,340Expenses 2022: $741,443Net Income 2022: -$113,1032022Revenue 2023: $663,274Expenses 2023: $784,223Net Income 2023: -$120,9492023Revenue 2024: $699,770Expenses 2024: $853,705Net Income 2024: -$153,9352024

Highlighted filing

2016

Revenue$594,794
Expenses$694,218
Net Income-$99,424
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
May 8, 2017
Return Version
2016v3.0
Gross Receipts
$594,794
Mission and Program Overview

Mission

To provide low-income housing for eligible elderly people.

Low-income housing for elderly persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$4,606,700$4,606,700→ $0
Land, Buildings, and Equipment, Net$3,113,096$2,959,594▼ $153,502
Cash and Non-Interest-Bearing Accounts$14,117$31,936▲ $17,819
Prepaid Expenses and Deferred Charges$10,770$10,279▼ $491
Accounts Receivable$848$1,522▲ $674
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Rtn Earn Endowment Incm Other Fnds$-1,109,694$-1,209,118▼ $99,424
Total Assets$3,555,007$3,471,044▼ $83,963
Other Assets Total$416,176$467,713▲ $51,537
Liabilities
Other Liabilities$52,921$53,950▲ $1,029
Accounts Payable and Accrued Expenses$4,707$18,272▲ $13,565
Deferred Revenue$373$1,240▲ $867
Total Liabilities$4,664,701$4,680,162▲ $15,461
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,109,694$-1,209,118▼ $99,424
Total Liabilities and Net Assets / Fund Balance$3,555,007$3,471,044▼ $83,963

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,899,594$2,571,096-
Land$60,000--
Other Assets Org$12,006--
Compensation and Service Providers
Top Officer Pay68th percentile

Employees

NameTitleOtherTotal
Lawrence E BrownDirector$97,586$97,586

Board Members and Trustees

NameTitle
Laurence K FlynnChairman
Stephen Napolitano EsquireVice Chairman
Kathy PlacenciaSecretary
Michael AaronsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$591,219
Investment Income
$129
Other Revenue
$3,446
Change in Net Assets
$-99,424

Audited Revenue Reconciliation

Revenue per Audited Statements
$594,794
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$594,794
Total Revenue per Form 990
$594,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$571,170
Salaries, Compensation, and Employee Benefits$123,048
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$166,816--$166,816
Occupancy$97,879$10,875-$108,754
Other Salaries and Wages$36,724$46,138-$82,862
Fees for Services Management-$65,696-$65,696
Office Expenses-$41,882-$41,882
Insurance$34,334--$34,334
Other Employee Benefits$13,676$17,406-$31,082
Other Expenses$15,267--$15,267
Payroll Taxes$4,006$5,098-$9,104
All Other Expenses$7,551--$7,551
Fees for Services Accounting-$7,200-$7,200
Fees for Services Other-$3,000-$3,000
Advertising-$309-$309
Total Functional Expenses$496,614$197,604$0$694,218

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$694,218
Total Expenses per Audited Statements$694,218
Total Expenses per Form 990$694,218
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Related OrganizationOperating Lease Agreement With Omni Development Corporation to Omni Governor, Inc. for the Use of Two Trucks and the Related Operating Costs.No$7,500

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$4,606,700$4,606,700→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Real Estate Taxes$23,466
Accrued Expenses$15,521
Tenant Security Deposits$14,963
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
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The property is a hud regulated property and the organization has historically hired a hud-approved management agent to run the day to day operations of the property. This includes dealing with tenant issues, tenant certification and recertifications, policies and procedures and all accounting procedures.”

Form 990, Part VI, Section A, Line 8A

“No meetings were held during the year by the governing body that resulted in written actions that were undertaken. Weekly meetings with the management company and owners occurred to discuss and review financial information.”

Form 990, Part VI, Section A, Line 8B

“No meetings were held during the year by committees that resulted in written actions that were undertaken. Weekly meetings with the management company and owners occurred to discuss and review financial information.”

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

“The form 990 is sent to the treasurer of the organization who is also a certified public accountant. He reviews it, makes any necessary changes and then signs off on it.”

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

“The management company has adopted a conflict of interest policy that requires employee to disclose relationships with vendors and to obtain approval before using management approved vendors. They are reviewed periodically during the year.”

Form 990, Part VI, Section C, Line 18

“These documents are available upon request. They are provided by the management company of the property and the owners.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request. They are provided by the management company of the property and the owners.”

Filing and Contact Details

Filer

Filer Name
Omni-governor Inc
EIN
05-0481911
Phone
4014614442
Address
810 EDDY STREET, PROVIDENCE, RI 02905

Signing Officer

Name
Lawrence E Brown
Title
President
Phone
4014614442
Signed
2017-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence E Brown
Formed
1995
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Disanto Priest & Co
Address
117 METRO CENTER BOULEVARD 3000, WARWICK, RI 02886
Preparer
James Martin CPA
Phone
4019212000
Supplemental Narrative

Additional Explanations

Part XII Line 2 C

“No changes were made in the oversight of the audit or process of selection for the auditor.”

Financial Statement Notes

PART X, LINE 2:

“The project has adopted the "accounting for uncertainty in income taxes" topic of the fasb asc, which prescribes a comprehensive model for recognizing, measuring, presenting and disclosing in the financial statements tax positions taken or expected to be taken on a tax return. At december 31, 2016, management believes no such provisions for uncertain tax positions are necessary.”

Raw XML AppendixShowing 400 of 437 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/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0100
IRS990/PYOtherExpensesAmt0547187
IRS990/PYOtherRevenueAmt03155
IRS990/PYProgramServiceRevenueAmt0572502
IRS990/PYRevenuesLessExpensesAmt0-95307
IRS990/PYSalariesCompEmpBnftPaidAmt0123877
IRS990/PYTotalExpensesAmt0671064
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0575757
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-99424
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0594794
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-1109694
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0-1209118
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0361086
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0363471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0347442
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0366164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0357783
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01795946
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0129
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0100
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0155
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0150
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0173
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0707
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt01014691
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt03446
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt03155
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt02386
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt04365
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt02899
IRS990ScheduleA/OtherIncome170Grp/TotalAmt016251
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99060
IRS990ScheduleA/PublicSupportPY170Pct00.99160
IRS990ScheduleA/PublicSupportTotal170Amt01795946
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0361086
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0363471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0347442
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0366164
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0357783
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01795946
IRS990ScheduleA/TotalSupportAmt01812904
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02899594
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02571096
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt05470690
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0694218
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt060000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt060000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt015925
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt11000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2427031
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt311751
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt412006
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEPOSITS
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3REAL ESTATE TAX ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc4RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt014963
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt123466
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt215521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED REAL ESTATE TAXES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED EXPENSES
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0594794
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE PROJECT HAS ADOPTED THE "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" TOPIC OF THE FASB ASC, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. AT DECEMBER 31, 2016, MANAGEMENT BELIEVES NO SUCH PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NECESSARY.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02959594
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0467713
IRS990ScheduleD/TotalExpensesPerForm990Amt0694218
IRS990ScheduleD/TotalLiabilityAmt053950
IRS990ScheduleD/TotalRevenuePerForm990Amt0594794
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0594794
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0694218
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0OMNI DEVELOPMENT CORPORATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0RELATED ORGANIZATION
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt07500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0OPERATING LEASE AGREEMENT WITH OMNI DEVELOPMENT CORPORATION TO OMNI GOVERNOR, INC. FOR THE USE OF TWO TRUCKS AND THE RELATED OPERATING COSTS.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt04606700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BusinessName/BusinessNameLine1Txt0CAPITAL ADVANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0TO PROVIDE LOW INCOME HOUSING TO ELIGIBLE ELDERLY PEOPLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt04606700
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. HOLDER OF CAPITAL ADVANCE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/TotalBalanceDueAmt04606700
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS A HUD REGULATED PROPERTY AND THE ORGANIZATION HAS HISTORICALLY HIRED A HUD-APPROVED MANAGEMENT AGENT TO RUN THE DAY TO DAY OPERATIONS OF THE PROPERTY. THIS INCLUDES DEALING WITH TENANT ISSUES, TENANT CERTIFICATION AND RECERTIFICATIONS, POLICIES AND PROCEDURES AND ALL ACCOUNTING PROCEDURES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO MEETINGS WERE HELD DURING THE YEAR BY THE GOVERNING BODY THAT RESULTED IN WRITTEN ACTIONS THAT WERE UNDERTAKEN. WEEKLY MEETINGS WITH THE MANAGEMENT COMPANY AND OWNERS OCCURRED TO DISCUSS AND REVIEW FINANCIAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO MEETINGS WERE HELD DURING THE YEAR BY COMMITTEES THAT RESULTED IN WRITTEN ACTIONS THAT WERE UNDERTAKEN. WEEKLY MEETINGS WITH THE MANAGEMENT COMPANY AND OWNERS OCCURRED TO DISCUSS AND REVIEW FINANCIAL INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FORM 990 IS SENT TO THE TREASURER OF THE ORGANIZATION WHO IS ALSO A CERTIFIED PUBLIC ACCOUNTANT. HE REVIEWS IT, MAKES ANY NECESSARY CHANGES AND THEN SIGNS OFF ON IT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE MANAGEMENT COMPANY HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES EMPLOYEE TO DISCLOSE RELATIONSHIPS WITH VENDORS AND TO OBTAIN APPROVAL BEFORE USING MANAGEMENT APPROVED VENDORS. THEY ARE REVIEWED PERIODICALLY DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. THEY ARE PROVIDED BY THE MANAGEMENT COMPANY OF THE PROPERTY AND THE OWNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. THEY ARE PROVIDED BY THE MANAGEMENT COMPANY OF THE PROPERTY AND THE OWNERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NO CHANGES WERE MADE IN THE OVERSIGHT OF THE AUDIT OR PROCESS OF SELECTION FOR THE AUDITOR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7PART XII LINE 2 C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03555007
IRS990/TotalAssetsEOYAmt03471044
IRS990/TotalAssetsGrp/BOYAmt03555007
IRS990/TotalAssetsGrp/EOYAmt03471044
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0197604
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0496614
IRS990/TotalFunctionalExpensesGrp/TotalAmt0694218
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04664701
IRS990/TotalLiabilitiesEOYAmt04680162
IRS990/TotalLiabilitiesGrp/BOYAmt04664701
IRS990/TotalLiabilitiesGrp/EOYAmt04680162
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1109694
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1209118
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0496614
IRS990/TotalProgramServiceRevenueAmt0591219
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0594794
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0594794
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03555007
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03471044
IRS990/TotReportableCompRltdOrgAmt097586
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0810 EDDY STREET
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002905
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,471,044
Liabilities
$4,680,162
Net assets
-$1,209,118
Revenue
$594,794
Expenses
$694,218
Net income
-$99,424
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.60$4.76$2.17$0.70$0.85$0.15
2023Detailed filing. Detailed filing data is available for this year.$2.74$4.74$2.01$0.66$0.78$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.83$4.72$1.89$0.63$0.74$0.11
2021Detailed filing. Detailed filing data is available for this year.$2.96$4.73$1.77$0.60$0.72$0.12
2020Detailed filing. Detailed filing data is available for this year.$3.07$4.72$1.65$0.60$0.71$0.11
2019Detailed filing. Detailed filing data is available for this year.$3.15$4.69$1.54$0.58$0.70$0.11
2018Detailed filing. Detailed filing data is available for this year.$3.28$4.71$1.43$0.60$0.74$0.13
2017Detailed filing. Detailed filing data is available for this year.$3.38$4.68$1.30$0.60$0.68$0.09
2016Detailed filing. Detailed filing data is available for this year.$3.47$4.68$1.21$0.59$0.69$0.10
2015Detailed filing. Detailed filing data is available for this year.$3.56$4.66$1.11$0.58$0.67$0.10
2014Detailed filing. Detailed filing data is available for this year.$3.65$4.67$1.01$0.55$0.65$0.09
2013Detailed filing. Detailed filing data is available for this year.$3.75$4.67$0.92$0.56$0.63$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.85$4.69$0.85$0.62
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.89$4.67$0.77$0.60
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$4.67$0.87$0.61