Civic Intelligence

Mandamiento Nuevo Corp

EIN 05-0512117 • 501(c)3 • Providence, RI

Profile

Mandamiento nuevo is a non-profit housing corporation of the roman catholic diocese of providence that works to provide affordable housing in rhode island. These activities are sponsored by the diocese of providence and establish financially feasible housing for qualifying families. The diocese established mandamiento nuevo to address the shortage of affordable housing in rhode island by transforming unused church property into reasonably priced low income properties.

One Cathedral SquareProvidence, RI 02903

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2022

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2022

Net Margin

35th percentile

-6.0%

Higher net margin than 35% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

Score unavailable

No value available

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

Annualized from 2021 to 2022

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $201,722 (-100%) from 2021

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

-$11,832

Up $2,090,499 (+99%) from 2021

Operations
Liabilities / RevenueScore unavailableNet Margin35th percentile

Revenue

Up

$197,832

Up $654,294 (+143%) from 2021

Expenses

Up

$209,664

Up $63,503 (+43%) from 2021

Net Income

Up

-$11,832

Up $590,791 (+98%) from 2021

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2010: $5,263,078Liabilities 2010: $5,060,776Net Assets 2010: $202,3022010Assets 2011: $5,289,645Liabilities 2011: $5,092,879Net Assets 2011: $196,7662011Assets 2012: $5,029,575Liabilities 2012: $5,156,239Net Assets 2012: -$126,6642012Assets 2013: $4,957,181Liabilities 2013: $5,163,870Net Assets 2013: -$206,6892013Assets 2014: $4,791,274Liabilities 2014: $5,273,529Net Assets 2014: -$482,2552014Assets 2015: $4,681,276Liabilities 2015: $5,405,169Net Assets 2015: -$723,8932015Assets 2016: $4,590,762Liabilities 2016: $5,529,977Net Assets 2016: -$939,2152016Assets 2017: $4,470,064Liabilities 2017: $5,468,221Net Assets 2017: -$998,1572017Assets 2018: $4,385,316Liabilities 2018: $5,544,769Net Assets 2018: -$1,159,4532018Assets 2019: $2,155,409Liabilities 2019: $3,587,685Net Assets 2019: -$1,432,2762019Assets 2020: $2,106,148Liabilities 2020: $3,605,856Net Assets 2020: -$1,499,7082020Assets 2021: $201,722Liabilities 2021: $2,304,053Net Assets 2021: -$2,102,3312021Assets 2022: $0Net Assets 2022: -$11,8322022

Highlighted filing

2022

Assets$0
Liabilities-
Net Assets-$11,832
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500K-$1.0MExpenses 2010: $406,3032010Expenses 2011: $467,7382011Expenses 2012: $483,0792012Revenue 2013: $243,122Expenses 2013: $449,084Net Income 2013: -$205,9622013Revenue 2014: $256,893Expenses 2014: $476,344Net Income 2014: -$219,4512014Revenue 2015: $259,474Expenses 2015: $485,564Net Income 2015: -$226,0902015Revenue 2016: $272,336Expenses 2016: $502,077Net Income 2016: -$229,7412016Revenue 2017: $370,157Expenses 2017: $453,545Net Income 2017: -$83,3882017Revenue 2018: $374,773Expenses 2018: $546,158Net Income 2018: -$171,3852018Revenue 2019: $119,597Expenses 2019: $369,397Net Income 2019: -$249,8002019Revenue 2020: $136,669Expenses 2020: $204,315Net Income 2020: -$67,6462020Revenue 2021: -$456,462Expenses 2021: $146,161Net Income 2021: -$602,6232021Revenue 2022: $197,832Expenses 2022: $209,664Net Income 2022: -$11,8322022

Highlighted filing

2022

Revenue$197,832
Expenses$209,664
Net Income-$11,832
Open 2022 Filing

Filings

Most recent year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
-
Net assets
-$11,832
Revenue
$197,832
Expenses
$209,664
Net income
-$11,832
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.00$0.01$0.20$0.21$0.01
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$2.30$2.10$0.46$0.15$0.60
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.11$3.61$1.50$0.14$0.20$0.07
2019Detailed filing. Detailed filing data is available for this year.$2.16$3.59$1.43$0.12$0.37$0.25
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$5.54$1.16$0.37$0.55$0.17
2017Detailed filing. Detailed filing data is available for this year.$4.47$5.47$1.00$0.37$0.45$0.08
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.59$5.53$0.94$0.27$0.50$0.23
2015Detailed filing. Detailed filing data is available for this year.$4.68$5.41$0.72$0.26$0.49$0.23
2014Detailed filing. Detailed filing data is available for this year.$4.79$5.27$0.48$0.26$0.48$0.22
2013Detailed filing. Detailed filing data is available for this year.$4.96$5.16$0.21$0.24$0.45$0.21
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.03$5.16$0.13$0.48
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.29$5.09$0.20$0.47
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.26$5.06$0.20$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jan 4, 2024
Return Version
2022v5.0
Gross Receipts
$197,832
Mission and Program Overview

Mission

To provide affordable housing projects in Rhode Island. The property was sold in 2022 but the corporation still exists to pay down liabilities owed from the sale.

Program Services

DescriptionGrantsExpenses
The Organization provides housing for low and moderateincome individuals and families that otherwise couldnot afford on their own.$0$0
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rev Msgr Paul D TherouxPresident-$0--
John J BarrySecretary-$0--
Michael F SabatinoTreasurer-$0--
Rev Dennis A ReadonDirector-$0--
Filing and Contact Details

Filer

Filer Name
Manddamiento Nuevo Corporation
EIN
05-0512117
Phone
4012784540
Address
One Cathedral Square, Providence, RI 02903

Signing Officer

Name
Michael Sabatino
Title
CFO
Phone
4012784540
Signed
2024-01-04

Preparer

Firm
Michael F Sabatino CPA
Address
6 Princess Pine Road, Lincoln, RI 02865
Preparer
Michael Sabatino
Phone
4016407989
Supplemental Narrative

Additional Explanations

Form 990EZ, Part I, Line 16

“Paydown of Building loan 202343.”

Raw XML Appendix130 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
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0Michael Sabatino
IRS990EZ/BooksInCareOfDetail/PhoneNum04012784540
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0One Cathedral Square
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Providence
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd002903
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt0197832
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-11832
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt00
IRS990EZ/Form990TotalAssetsGrp/EOYAmt00
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/GainOrLossFromSaleOfAssetsAmt00
IRS990EZ/GrossProfitLossSlsOfInvntryAmt00
IRS990EZ/GrossReceiptsAmt0197832
IRS990EZ/GrossReceiptsForPublicUseAmt00
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InitiationFeesAndCapContriAmt00
IRS990EZ/InvestmentIncomeAmt00
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MembershipDuesAmt00
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0-11832
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt00
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0-11832
IRS990EZ/OccupancyRentUtltsAndMaintAmt07100
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt20.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt30.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Rev Msgr Paul D Theroux
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1John J Barry
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Michael F Sabatino
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Rev Dennis A Readon
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0202343
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0To provide affordable housing projects in Rhode Island. The property was sold in 2022 but the corporation still exists to pay down liabilities owed from the sale.
IRS990EZ/PrintingPublicationsPostageAmt0221
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0The Organization provides housing for low and moderateincome individuals and families that otherwise couldnot afford on their own.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt00
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0209664
IRS990EZ/TotalProgramServiceExpensesAmt00
IRS990EZ/TotalRevenueAmt0197832
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/ChurchInd0X
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicSupportCY170Pct00
IRS990ScheduleA/PublicSupportCY509Pct00
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Paydown of Building loan 202343.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990EZ, Part I, Line 16
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0Michael Sabatino
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum04012784540
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-01-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Manddamiento Nuevo Corporation
ReturnHeader/Filer/BusinessNameControlTxt0MAND
ReturnHeader/Filer/EIN0050512117
ReturnHeader/Filer/PhoneNum04012784540
ReturnHeader/Filer/USAddress/AddressLine1Txt0One Cathedral Square
ReturnHeader/Filer/USAddress/CityNm0Providence
ReturnHeader/Filer/USAddress/StateAbbreviationCd0RI
ReturnHeader/Filer/USAddress/ZIPCd002903
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Michael F Sabatino CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt06 Princess Pine Road
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Lincoln
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0RI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002865
ReturnHeader/PreparerPersonGrp/PhoneNum04016407989
ReturnHeader/PreparerPersonGrp/PreparationDt02024-01-05
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michael Sabatino
ReturnHeader/ReturnTs02024-01-05T07:38:01-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Michael
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Sabatino
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 501(c)3 • <$500k nonprofits