Civic Intelligence

Independence Square Foundation

990 • Fiscal year 2021 • EIN 22-2527265

Jan 01, 2021 to Dec 31, 2021 • Filed on Mar 07, 2023

Organization ProfileWWW.ISFNE.ORG

View Organization Page

500 Prospect StreetPawtucket, RI 02860

(401) 782-0450

Siviq Scores

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

Liabilities / Assets

85th percentile

0.67x

Higher debt load relative to assets than 85% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

91st percentile

2.49x

Higher debt load relative to revenue than 91% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

71st percentile

27%

Higher net margin than 71% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$362,541

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

38th percentile

5.2%

Faster asset growth than 38% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

76th percentile

44%

Faster revenue growth than 76% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets85th percentile

Assets

Up

$9,396,221

Up $460,577 (+5.2%) from 2020

Net Assets

Up

$3,144,331

Up $666,008 (+27%) from 2020

Liabilities

Down

$6,251,890

Down $205,431 (-3.2%) from 2020

Revenue And Expenses
Liabilities / Revenue91st percentileNet Margin71st percentile

Revenue

Up

$2,506,000

Up $763,254 (+44%) from 2020

Expenses

Up

$1,839,992

Up $111,067 (+6.4%) from 2020

Net Income

Up

$666,008

Up $652,187 (+4719%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$15M$10M$5.0M$0Assets 2010: $11,582,012Liabilities 2010: $8,397,056Net Assets 2010: $3,184,9562010Assets 2011: $11,189,218Liabilities 2011: $8,228,206Net Assets 2011: $2,961,0122011Assets 2012: $10,805,587Liabilities 2012: $8,002,810Net Assets 2012: $2,802,7772012Assets 2013: $10,412,677Liabilities 2013: $7,645,970Net Assets 2013: $2,766,7072013Assets 2014: $10,115,023Liabilities 2014: $7,377,884Net Assets 2014: $2,737,1392014Assets 2015: $9,668,085Liabilities 2015: $6,953,556Net Assets 2015: $2,714,5292015Assets 2016: $9,303,941Liabilities 2016: $6,579,296Net Assets 2016: $2,724,6452016Assets 2017: $8,934,894Liabilities 2017: $6,340,605Net Assets 2017: $2,594,2892017Assets 2018: $8,671,844Liabilities 2018: $6,109,961Net Assets 2018: $2,561,8832018Assets 2019: $8,324,273Liabilities 2019: $5,859,771Net Assets 2019: $2,464,5022019Assets 2020: $8,935,644Liabilities 2020: $6,457,321Net Assets 2020: $2,478,3232020Assets 2021: $9,396,221Liabilities 2021: $6,251,890Net Assets 2021: $3,144,3312021Assets 2022: $9,128,284Liabilities 2022: $6,051,270Net Assets 2022: $3,077,0142022Assets 2023: $9,231,337Liabilities 2023: $6,308,559Net Assets 2023: $2,922,7782023Assets 2024: $8,792,214Liabilities 2024: $6,186,055Net Assets 2024: $2,606,1592024

Highlighted filing

2021

Assets$9,396,221
Liabilities$6,251,890
Net Assets$3,144,331
Open 2021 Filing

Operations Trend

Revenue Growth76th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,765,6402010Expenses 2011: $1,779,1632011Expenses 2012: $1,728,1802012Revenue 2013: $1,597,255Expenses 2013: $1,633,325Net Income 2013: -$36,0702013Revenue 2014: $1,596,185Expenses 2014: $1,625,753Net Income 2014: -$29,5682014Revenue 2015: $1,670,310Expenses 2015: $1,692,920Net Income 2015: -$22,6102015Revenue 2016: $1,573,203Expenses 2016: $1,563,087Net Income 2016: $10,1162016Revenue 2017: $1,602,133Expenses 2017: $1,676,241Net Income 2017: -$74,1082017Revenue 2018: $1,644,937Expenses 2018: $1,729,993Net Income 2018: -$85,0562018Revenue 2019: $1,667,167Expenses 2019: $1,746,548Net Income 2019: -$79,3812019Revenue 2020: $1,742,746Expenses 2020: $1,728,925Net Income 2020: $13,8212020Revenue 2021: $2,506,000Expenses 2021: $1,839,992Net Income 2021: $666,0082021Revenue 2022: $1,793,257Expenses 2022: $1,860,574Net Income 2022: -$67,3172022Revenue 2023: $1,834,921Expenses 2023: $2,008,244Net Income 2023: -$173,3232023Revenue 2024: $1,755,740Expenses 2024: $2,095,036Net Income 2024: -$339,2962024

Highlighted filing

2021

Revenue$2,506,000
Expenses$1,839,992
Net Income$666,008
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Mar 7, 2023
Return Version
2021v4.2
Gross Receipts
$2,506,000
Mission and Program Overview

Mission

SEE PART I, LINE 1

Independence square foundation, inc. Is a non-profit management organization dedicated to providing non-profit care-giver organizations with the kind of first class work environments and facilities that they deserve but may not be able to afford on their own.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$7,909,639$7,711,512▼ $198,127
Cash and Non-Interest-Bearing Accounts$594,071$332,971▼ $261,100
Investments Other Securities$303,246$310,355▲ $7,109
Accounts Receivable$122,872$151,119▲ $28,247
Prepaid Expenses and Deferred Charges$5,816$5,816→ $0
Intangible Assets$0$0→ $0
Total Assets$8,935,644$9,396,221▲ $460,577
Other Assets Total$0$884,448▲ $884,448
Liabilities
Mortgage Notes Payable Secured by Investment Property$6,203,387$6,031,800▼ $171,587
Accounts Payable and Accrued Expenses$161,084$202,531▲ $41,447
Other Liabilities$92,850$17,559▼ $75,291
Total Liabilities$6,457,321$6,251,890▼ $205,431
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,478,323$3,144,331▲ $666,008
Total Net Assets Fund Balance$2,478,323$3,144,331▲ $666,008
Total Liabilities and Net Assets / Fund Balance$8,935,644$9,396,221▲ $460,577

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$6,258,490$3,701,920$9,960,410
Buildings$1,076,576$3,600,683$4,677,259
Land$325,000-$325,000
Equipment$51,446$78,312$129,758
Other Land Buildings$0$61,256$61,256
Other Assets Org$884,448--
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
John J Padien IiiExecutive DirectorPT$175,555$186,986$175,555

Board Members and Trustees

NameTitle
William J SzafarowickzPresident
Michael R BenoitDirector
Paul M DepaceDirector
Thomas E HodgeDirector
Henrique T PedroSecretary
Mark SaccoccioTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,686,100
Investment Income
$811,974
Other Revenue
$7,926
Change in Net Assets
$666,008
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,442,494
Salaries, Compensation, and Employee Benefits$397,498
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$887,613$3,918-$891,531
Depreciation Depletion$373,232$2,725-$375,957
Other Salaries and Wages$27,318$152,771-$180,089
Current Officers, Directors, Trustees, and Key Employees-$175,555-$175,555
Insurance$66,573$493-$67,066
Payroll Taxes$2,162$26,726-$28,888
Fees for Services Other-$18,531-$18,531
Travel-$13,160-$13,160
Pension Plan Contributions-$12,251-$12,251
Fees for Services Accounting-$11,750-$11,750
Office Expenses$9,864--$9,864
All Other Expenses$2,884$5,572-$8,456
Other Expenses$4,169$7,955-$4,169
Fees for Services Legal-$2,714-$2,714
Fees for Service Investment Mgmnt Fees-$1,065-$1,065
Other Employee Benefits-$715-$715
Total Functional Expenses$1,394,063$445,929$0$1,839,992
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
TENANTS' DEPOSITS AND PREPAID RENT$17,559
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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 A, Line 8B

“The board does not have formal committees.”

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

“The form 990 will be presented to the board of directors for review. Once reviewed the board will take appropriate action based on that review.”

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

“Any duality of interest or possible conflict of interest on the part of any director, officer, or agent of the organization shall be disclosed to the board of directors and made a matter of record through an annual procedure and when the interest becomes a matter of board action, such disclosure shall be reflected in the record of the proceedings of the board of directors.”

Form 990, Part VI, Section B, Line 15A

“Discussed, reviewed, and approved at a board meeting.”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents are available on guidestar.”

Filing and Contact Details

Filer

Filer Name
Independence Square Foundation
EIN
22-2527265
Phone
4017820450
Address
500 PROSPECT STREET, PAWTUCKET, RI 02860

Signing Officer

Name
John J Padien Iii
Title
Executive Director
Phone
4017229540
Signed
2023-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John J Padien Iii
Formed
1984
Legal Domicile
Ri
Voting Board Members
6
Independent Board Members
5
Employees
9
Volunteers
0

Preparer

Firm
Otrando Porcaro & Associates Ltd
Address
2258 POST ROAD, WARWICK, RI 02886
Preparer
Gregory Porcaro Cpaabv Mst
Phone
4017399250
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from the prior year”

Form 990, Page 11, Part X, Line 7

“The foundation received a donation a tax credits from the affordable project's sponsor during 2016 and the credits were sold to an outside investor. The proceeds were used to provide financing to a related investor. The proceeds were used to provide financing to a related affordable project. Fees associated with the transaction were paid with the proceeds. The total outstanding principal balance on the loan is $589,800. The loan has specific restrictions surrounding its use and due to its long-term deferred nature, the loan is fully reserved.”

Raw XML AppendixShowing 400 of 687 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/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0161084
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0202531
IRS990/AccountsReceivableGrp/BOYAmt0122872
IRS990/AccountsReceivableGrp/EOYAmt0151119
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0INDEPENDENCE SQUARE FOUNDATION, INC. IS A NON-PROFIT MANAGEMENT ORGANIZATION DEDICATED TO PROVIDING NON-PROFIT CARE-GIVER ORGANIZATIONS WITH THE KIND OF FIRST CLASS WORK ENVIRONMENTS AND FACILITIES THAT THEY DESERVE BUT MAY NOT BE ABLE TO AFFORD ON THEIR OWN.
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt05572
IRS990/AllOtherExpensesGrp/ProgramServicesAmt02884
IRS990/AllOtherExpensesGrp/TotalAmt08456
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JORGE VICENCIO
IRS990/BooksInCareOfDetail/PhoneNum04017229540
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt025 WEST INDEPENDENCE HIGHWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0KINGSTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002919
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0594071
IRS990/CashNonInterestBearingGrp/EOYAmt0332971
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt0175555
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0175555
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd01
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0811974
IRS990/CYOtherExpensesAmt01442494
IRS990/CYOtherRevenueAmt07926
IRS990/CYProgramServiceRevenueAmt01686100
IRS990/CYRevenuesLessExpensesAmt0666008
IRS990/CYSalariesCompEmpBnftPaidAmt0397498
IRS990/CYTotalExpensesAmt01839992
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02506000
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt02725
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0373232
IRS990/DepreciationDepletionGrp/TotalAmt0375957
IRS990/Desc0RENTAL OF FACILITIES - PROVIDE OFFICE SPACE TO ORGANIZATIONS WITH EXEMPT PURPOSES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt09
IRS990/EmploymentTaxReturnsFiledInd00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01386230
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt011750
IRS990/FeesForServicesAccountingGrp/TotalAmt011750
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02714
IRS990/FeesForServicesLegalGrp/TotalAmt02714
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt018531
IRS990/FeesForServicesOtherGrp/TotalAmt018531
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt01065
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt01065
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form1098CFiledInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form8899Filedind00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt630.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
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/PersonNm0MARK SACCOCCIO
IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM J SZAFAROWICKZ
IRS990/Form990PartVIISectionAGrp/PersonNm2MICHAEL R BENOIT
IRS990/Form990PartVIISectionAGrp/PersonNm3PAUL M DEPACE
IRS990/Form990PartVIISectionAGrp/PersonNm4HENRIQUE T PEDRO
IRS990/Form990PartVIISectionAGrp/PersonNm5THOMAS E HODGE
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN J PADIEN III
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt6175555
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt6186986
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01984
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/OtherAmt0805589
IRS990/GainOrLossGrp/SecuritiesAmt01661
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt06
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0805589
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01661
IRS990/GrossReceiptsAmt02506000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0493
IRS990/InsuranceGrp/ProgramServicesAmt066573
IRS990/InsuranceGrp/TotalAmt067066
IRS990/IntangibleAssetsGrp/BOYAmt00
IRS990/IntangibleAssetsGrp/EOYAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt04724
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt04724
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0303246
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0310355
IRS990/IRPDocumentCnt09
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07442171
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07909639
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07711512
IRS990/LandBldgEquipCostOrOtherBssAmt015153683
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt00
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt00
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE PART I, LINE 1
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt06203387
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt06031800
IRS990/NetAssetsOrFundBalancesBOYAmt02478323
IRS990/NetAssetsOrFundBalancesEOYAmt03144331
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0807250
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0807250
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02478323
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03144331
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03918
IRS990/OccupancyGrp/ProgramServicesAmt0887613
IRS990/OccupancyGrp/TotalAmt0891531
IRS990/OfficeExpensesGrp/ProgramServicesAmt09864
IRS990/OfficeExpensesGrp/TotalAmt09864
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt00
IRS990/OtherAssetsTotalGrp/EOYAmt0884448
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0715
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0715
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1OPERATING LEASE
IRS990/OtherExpensesGrp/Desc2SECURITY
IRS990/OtherExpensesGrp/Desc3RUBBISH REMOVAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt010028
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt17955
IRS990/OtherExpensesGrp/ProgramServicesAmt015498
IRS990/OtherExpensesGrp/ProgramServicesAmt14750
IRS990/OtherExpensesGrp/ProgramServicesAmt24169
IRS990/OtherExpensesGrp/TotalAmt025526
IRS990/OtherExpensesGrp/TotalAmt17955
IRS990/OtherExpensesGrp/TotalAmt24750
IRS990/OtherExpensesGrp/TotalAmt34169
IRS990/OtherLiabilitiesGrp/BOYAmt092850
IRS990/OtherLiabilitiesGrp/EOYAmt017559
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/BusinessCd1901101
IRS990/OtherRevenueMiscGrp/Desc0MISC. REVENUE-RELATED-
IRS990/OtherRevenueMiscGrp/Desc1UNREALIZED GAINS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt06137
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt11789
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt06137
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt11789
IRS990/OtherRevenueTotalAmt07926
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0152771
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt027318
IRS990/OtherSalariesAndWagesGrp/TotalAmt0180089
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt026726
IRS990/PayrollTaxesGrp/ProgramServicesAmt02162
IRS990/PayrollTaxesGrp/TotalAmt028888
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012251
IRS990/PensionPlanContributionsGrp/TotalAmt012251
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05816
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt05816
IRS990/PrincipalOfficerNm0JOHN J PADIEN III
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL OF FACILITIES
IRS990/ProgramServiceRevenueGrp/Desc1SHARED SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01675350
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt110750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01675350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt110750
IRS990/ProgSrvcAccomActy2Grp/Desc0SHARED SERVICES/EQUIPMENT - PROVIDES THE USE OF OFFICE EQUIPMENT TO ORGANIZATIONS WITH EXEMPT PURPOSES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt07833
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt010750
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt061200
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01587
IRS990/PYOtherExpensesAmt01328048
IRS990/PYOtherRevenueAmt010379
IRS990/PYProgramServiceRevenueAmt01669580
IRS990/PYRevenuesLessExpensesAmt013821
IRS990/PYSalariesCompEmpBnftPaidAmt0400877
IRS990/PYTotalExpensesAmt01728925
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01742746
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0666008
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt01683276
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ENTITY DID NOT INCLUDE IN OTHER INCOME PROCEEDS FROM SALE OF CAPITAL ASSETS, AS PER INSTRUCTIONS. THE PROCEEDS FROM SALE OF CAPITAL ASSETS FOR 2021 WERE AS FOLLOWS: - NET GAIN FROM SALE OF SECURITIES - BASIS REPORTED TO THE IRS: $1,661 - GAIN ON SALE OF ASSET USED FOR EXEMPT PURPOSE: $805,589
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A PART III LINE 12 COLUMN E
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt061200
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt013000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt074200
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04724
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03246
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt07970
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01657671
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01669580
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt01656906
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt01643967
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01580056
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt08208180
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04724
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03246
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt07970
IRS990ScheduleA/InvestmentIncomeCYPct00.00100
IRS990ScheduleA/InvestmentIncomePYPct00.00040
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt08279
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt02749
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0970
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt09077
IRS990ScheduleA/OtherIncome509Grp/TotalAmt021075
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99650
IRS990ScheduleA/PublicSupportPY509Pct00.92930
IRS990ScheduleA/PublicSupportTotal509Amt08282380
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt01657671
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01730780
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01656906
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt01643967
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01593056
IRS990ScheduleA/Total509Grp/TotalAmt08282380
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt01662395
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01742305
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01659655
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt01644937
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01602133
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt08311425
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01076576
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03600683
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04677259
IRS990ScheduleD/EquipmentGrp/BookValueAmt051446
IRS990ScheduleD/EquipmentGrp/DepreciationAmt078312
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0129758
IRS990ScheduleD/LandGrp/BookValueAmt0325000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0325000
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06258490
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03701920
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09960410
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0884448
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0LOANS RECEIVABLE
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt061256
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt061256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt017559
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANTS' DEPOSITS AND PREPAID RENT
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07711512
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0884448
IRS990ScheduleD/TotalLiabilityAmt017559
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0175555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0152045
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt034941
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0JOHN J PADIEN III
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0175555
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0186986
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD DOES NOT HAVE FORMAL COMMITTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE PRESENTED TO THE BOARD OF DIRECTORS FOR REVIEW. ONCE REVIEWED THE BOARD WILL TAKE APPROPRIATE ACTION BASED ON THAT REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANY DUALITY OF INTEREST OR POSSIBLE CONFLICT OF INTEREST ON THE PART OF ANY DIRECTOR, OFFICER, OR AGENT OF THE ORGANIZATION SHALL BE DISCLOSED TO THE BOARD OF DIRECTORS AND MADE A MATTER OF RECORD THROUGH AN ANNUAL PROCEDURE AND WHEN THE INTEREST BECOMES A MATTER OF BOARD ACTION, SUCH DISCLOSURE SHALL BE REFLECTED IN THE RECORD OF THE PROCEEDINGS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DISCUSSED, REVIEWED, AND APPROVED AT A BOARD MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION RECEIVED A DONATION A TAX CREDITS FROM THE AFFORDABLE PROJECT'S SPONSOR DURING 2016 AND THE CREDITS WERE SOLD TO AN OUTSIDE INVESTOR. THE PROCEEDS WERE USED TO PROVIDE FINANCING TO A RELATED INVESTOR. THE PROCEEDS WERE USED TO PROVIDE FINANCING TO A RELATED AFFORDABLE PROJECT. FEES ASSOCIATED WITH THE TRANSACTION WERE PAID WITH THE PROCEEDS. THE TOTAL OUTSTANDING PRINCIPAL BALANCE ON THE LOAN IS $589,800. THE LOAN HAS SPECIFIC RESTRICTIONS SURROUNDING ITS USE AND DUE TO ITS LONG-TERM DEFERRED NATURE, THE LOAN IS FULLY RESERVED.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 11, PART X, LINE 7
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00

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
$9,396,221
Liabilities
$6,251,890
Net assets
$3,144,331
Revenue
$2,506,000
Expenses
$1,839,992
Net income
$666,008
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.79$6.19$2.61$1.76$2.10$0.34
2023Summary only. Only limited summary data is available for this year.$9.23$6.31$2.92$1.83$2.01$0.17
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.13$6.05$3.08$1.79$1.86$0.07
2021Detailed filing. Detailed filing data is available for this year.$9.40$6.25$3.14$2.51$1.84$0.67
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.94$6.46$2.48$1.74$1.73$0.01
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.32$5.86$2.46$1.67$1.75$0.08
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.67$6.11$2.56$1.64$1.73$0.09
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.93$6.34$2.59$1.60$1.68$0.07
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.30$6.58$2.72$1.57$1.56$0.01
2015Detailed filing. Detailed filing data is available for this year.$9.67$6.95$2.71$1.67$1.69$0.02
2014Summary only. Only limited summary data is available for this year.$10.1$7.38$2.74$1.60$1.63$0.03
2013Detailed filing. Detailed filing data is available for this year.$10.4$7.65$2.77$1.60$1.63$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.8$8.00$2.80$1.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.2$8.23$2.96$1.78
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.6$8.40$3.18$1.77