Civic Intelligence

Omni Development Corporation

EIN 22-2721731 • 501(c)3 • Providence, RI

Profile

Developing low income housing for individuals, families and veterans in underserved communities in ri, ct and ma.

810 Eddy StreetProvidence, RI 02905

www.omnidevelopmentcorp.com

Siviq Scores

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

Liabilities / Assets

53rd percentile

0.28x

Higher debt load relative to assets than 53% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

3.86x

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

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

46th percentile

3.3%

Higher net margin than 46% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

18th percentile

$177,413

Higher top officer pay than 18% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2022

Asset Growth

36th percentile

2.6%

Faster asset growth than 36% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-9.3%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Up

$56,453,106

Up $1,421,297 (+2.6%) from 2023

Liabilities

Down

$15,878,547

Down $40,850 (-0.3%) from 2023

Net Assets

Up

$40,574,559

Up $1,462,147 (+3.7%) from 2023

Operations
Liabilities / Revenue91st percentileNet Margin46th percentile

Revenue

Down

$4,111,804

Down $421,692 (-9.3%) from 2023

Expenses

Up

$3,976,554

Up $433,132 (+12%) from 2023

Net Income

Down

$135,250

Down $854,824 (-86%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth36th percentile

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

$60M$40M$20M$0Assets 2010: $9,400,973Liabilities 2010: $4,764,330Net Assets 2010: $4,636,6432010Assets 2011: $11,460,803Liabilities 2011: $7,203,662Net Assets 2011: $4,257,1412011Assets 2012: $12,242,115Liabilities 2012: $7,824,053Net Assets 2012: $4,418,0622012Assets 2013: $11,241,261Liabilities 2013: $5,432,029Net Assets 2013: $5,809,2322013Assets 2014: $13,841,863Liabilities 2014: $7,335,871Net Assets 2014: $6,505,9922014Assets 2015: $12,162,803Liabilities 2015: $5,276,280Net Assets 2015: $6,886,5232015Assets 2016: $13,439,673Liabilities 2016: $5,663,608Net Assets 2016: $7,776,0652016Assets 2017: $16,041,628Liabilities 2017: $6,842,915Net Assets 2017: $9,198,7132017Assets 2018: $15,216,012Liabilities 2018: $6,159,148Net Assets 2018: $9,056,8642018Assets 2019: $43,015,890Liabilities 2019: $9,280,021Net Assets 2019: $33,735,8692019Assets 2020: $44,319,328Liabilities 2020: $9,173,706Net Assets 2020: $35,145,6222020Assets 2021: $46,472,629Liabilities 2021: $8,723,519Net Assets 2021: $37,749,1102021Assets 2022: $46,681,745Liabilities 2022: $8,683,875Net Assets 2022: $37,997,8702022Assets 2023: $55,031,809Liabilities 2023: $15,919,397Net Assets 2023: $39,112,4122023Assets 2024: $56,453,106Liabilities 2024: $15,878,547Net Assets 2024: $40,574,5592024

Highlighted filing

2024

Assets$56,453,106
Liabilities$15,878,547
Net Assets$40,574,559
Open 2024 Filing

Operations Trend

Revenue Growth17th percentile

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

$30M$20M$10M$0Revenue 2010: $3,851,641Expenses 2010: $1,861,328Net Income 2010: $1,990,3132010Expenses 2011: $2,859,0342011Expenses 2012: $3,337,2022012Revenue 2013: $4,105,286Expenses 2013: $2,775,672Net Income 2013: $1,329,6142013Revenue 2014: $3,451,980Expenses 2014: $2,755,220Net Income 2014: $696,7602014Revenue 2015: $3,303,142Expenses 2015: $2,939,530Net Income 2015: $363,6122015Revenue 2016: $2,331,534Expenses 2016: $2,318,244Net Income 2016: $13,2902016Revenue 2017: $4,695,725Expenses 2017: $3,273,077Net Income 2017: $1,422,6482017Revenue 2018: $3,151,688Expenses 2018: $3,085,074Net Income 2018: $66,6142018Revenue 2019: $28,017,023Expenses 2019: $3,338,018Net Income 2019: $24,679,0052019Revenue 2020: $4,572,211Expenses 2020: $3,091,878Net Income 2020: $1,480,3332020Revenue 2021: $5,884,329Expenses 2021: $3,280,841Net Income 2021: $2,603,4882021Revenue 2022: $3,396,747Expenses 2022: $3,131,708Net Income 2022: $265,0392022Revenue 2023: $4,533,496Expenses 2023: $3,543,422Net Income 2023: $990,0742023Revenue 2024: $4,111,804Expenses 2024: $3,976,554Net Income 2024: $135,2502024

Highlighted filing

2024

Revenue$4,111,804
Expenses$3,976,554
Net Income$135,250
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$56,453,106
Liabilities
$15,878,547
Net assets
$40,574,559
Revenue
$4,111,804
Expenses
$3,976,554
Net income
$135,250
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$56.5$15.9$40.6$4.11$3.98$0.14
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$55.0$15.9$39.1$4.53$3.54$0.99
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$46.7$8.68$38.0$3.40$3.13$0.27
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$46.5$8.72$37.7$5.88$3.28$2.60
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$44.3$9.17$35.1$4.57$3.09$1.48
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$43.0$9.28$33.7$28.0$3.34$24.7
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.2$6.16$9.06$3.15$3.09$0.07
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.0$6.84$9.20$4.70$3.27$1.42
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.4$5.66$7.78$2.33$2.32$0.01
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.2$5.28$6.89$3.30$2.94$0.36
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.8$7.34$6.51$3.45$2.76$0.70
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.2$5.43$5.81$4.11$2.78$1.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.2$7.82$4.42$3.34
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.5$7.20$4.26$2.86
2010Summary only. Only limited summary data is available for this year.$9.40$4.76$4.64$3.85$1.86$1.99
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 6, 2023
Return Version
2022v5.0
Gross Receipts
$3,732,639
Mission and Program Overview

Mission

Developing low income housing for individuals, families and veterans in underserved communities in ri, ct and ma.

Omni development corporation is a not for profit community development and planning corporation charged with the revitalization of neighborhoods through the construction of residential and commercial real estate. Omni's mission is to provide the highest quality affordable housing for low to moderate income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$31,528,685$28,403,772▼ $3,124,913
Cash and Non-Interest-Bearing Accounts$4,952,792$6,764,706▲ $1,811,914
Land, Buildings, and Equipment, Net$7,191,048$6,603,841▼ $587,207
Investments Other Securities-$2,483,721-
Savings and Temporary Cash Investments$1,048,720$1,048,941▲ $221
Receivable From Disqualified Prsn$651,785$312,999▼ $338,786
Investments Program Related$133,581$227,875▲ $94,294
Prepaid Expenses and Deferred Charges$73,280$95,241▲ $21,961
Accounts Receivable$11,913$22,354▲ $10,441
Total Assets$46,472,629$46,681,745▲ $209,116
Other Assets Total$880,825$718,295▼ $162,530
Liabilities
Mortgage Notes Payable Secured by Investment Property$7,374,535$7,249,907▼ $124,628
Accounts Payable and Accrued Expenses$1,272,092$1,359,340▲ $87,248
Other Liabilities$76,892$74,628▼ $2,264
Total Liabilities$8,723,519$8,683,875▼ $39,644
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$35,418,848$35,667,608▲ $248,760
Net Assets With Donor Restrictions$2,330,262$2,330,262→ $0
Total Net Assets Fund Balance$37,749,110$37,997,870▲ $248,760
Total Liabilities and Net Assets / Fund Balance$46,472,629$46,681,745▲ $209,116

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,252,539$8,015,843-
Land$1,116,875--
Equipment$234,427$627,735-
Other Securities$2,000,211--
Compensation and Service Providers
Top Officer Pay18th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sharon MorrisExecutive DirectorFT$133,557$43,856$177,413

Board Members and Trustees

NameTitle
Edward C CliftonChair Person
John LopesMember
Lawrence Brown CPAMember
Leslie BunnellMember
Robert BrooksMember
Stephen Napolitano EsqMember
Teresa GuabaMember
Judge Keith CardozaSecretary
Scott SlaterTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Barbara Sokoloff AssociatesReal Estate101A DYER STREET, Providence, RI 02903$190,000
Revenue and Support

Revenue Composition

Contributions and Grants
$51,000
Program Service Revenue
$2,618,128
Investment Income
$727,619
Other Revenue
$0
All Other Contributions
$51,000
Change in Net Assets
$265,039

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,630,780
Revenue Not Reported on Financial Statements
$-234,033
Revenue Not Reported on Form 990
$-16,279
Other Revenue Adjustments
$-234,033
Total Revenue per Audited Statements
$3,614,501
Total Revenue per Form 990
$3,396,747
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,324,920
Salaries, Compensation, and Employee Benefits$806,788
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$516,399$19,709-$536,108
Depreciation Depletion$452,327$24,534-$476,861
Other Salaries and Wages$455,789--$455,789
Insurance$271,529$7,640-$279,169
Interest$245,957$11,443-$257,400
Other Employee Benefits$158,507--$158,507
Fees for Services Other$145,102--$145,102
Current Officers, Directors, Trustees, and Key Employees$133,557--$133,557
Fees for Services Management$105,388--$105,388
Fees for Services Accounting$68,099--$68,099
All Other Expenses$65,248$1,185-$66,433
Payroll Taxes$58,935--$58,935
Other Expenses$49,242$29,297-$49,242
Office Expenses$13,727--$13,727
Information Technology$13,028--$13,028
Fees for Services Legal$12,618--$12,618
Advertising$5,103--$5,103
Travel$5,084--$5,084
Conferences and Meetings$2,465--$2,465
Total Functional Expenses$3,037,900$93,808$0$3,131,708

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,365,741
Expenses per Audited Statements$3,131,708
Total Expenses per Form 990$3,131,708
Expenses Not Reported on Form 990$234,033
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
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons$651,785$312,999▼ $338,786
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$74,628
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The residental rental properties are hud regulated properties and the organization has historically hired a hud approved management agent to manage the day to day operations of the properties. This includes dealing with tenant issues, tenant certifications, recertifications, policies and procedures, and all accounting procedures and controls.”

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

“The form 990 is reviewed by the president and the controller of the organization. On behalf of the board of directors, the treasurer reviews the form 990 and proposes any necessary changes and approves its contents before filing.”

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

“On an annual basis the organization reviews the conflict of interest policy with each employee.”

Form 990, Part VI, Section C, Line 18

“These documents are available upon request and are available on guidestar's website.”

Form 990, Part VI, Section C, Line 19

“These documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
Omni Development Corporation
EIN
22-2721731
Phone
4014614442
Address
810 EDDY STREET, PROVIDENCE, RI 02905

Signing Officer

Name
Sharon Morris
Title
Executive Director
Phone
4014614442
Signed
2023-11-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sharon Morris
Formed
1986
Legal Domicile
Ri
Voting Board Members
10
Independent Board Members
10
Employees
6
Volunteers
0

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
500 EXCHANGE STREET SUITE 9-100, PROVIDENCE, RI 02903
Preparer
Gerald Iadeluca
Phone
4014214800
Supplemental Narrative

Additional Explanations

Part XIII Line 2C

“No change in the process has occured from the prior year.”

Financial Statement Notes

PART X, LINE 2:

“The organization is exempt from income taxes under section 501(c)(3) of the internal revenue code and classified by the internal revenue service as other than a private foundation. The organization has adopted the guidance for "accounting for uncertainty in income taxes" topic 740 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. The organization is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. As of december 31, 2022, the organizations tax returns generally remain open for examination for 3 years from the date filed with each taxing jurisdiction. At december 31, 2022, management believes no such provisions for uncertain tax positions are necessary.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Realized loss on sale of property -234,033.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Realized loss on sale of property 234,033.”

Raw XML AppendixShowing 400 of 1,234 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/BOYAmt01272092
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01359340
IRS990/AccountsReceivableGrp/BOYAmt011913
IRS990/AccountsReceivableGrp/EOYAmt022354
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OMNI DEVELOPMENT CORPORATION IS A NOT FOR PROFIT COMMUNITY DEVELOPMENT AND PLANNING CORPORATION CHARGED WITH THE REVITALIZATION OF NEIGHBORHOODS THROUGH THE CONSTRUCTION OF RESIDENTIAL AND COMMERCIAL REAL ESTATE. OMNI'S MISSION IS TO PROVIDE THE HIGHEST QUALITY AFFORDABLE HOUSING FOR LOW TO MODERATE INCOME FAMILIES.
IRS990/AdvertisingGrp/ProgramServicesAmt05103
IRS990/AdvertisingGrp/TotalAmt05103
IRS990/AllOtherContributionsAmt051000
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt01185
IRS990/AllOtherExpensesGrp/ProgramServicesAmt065248
IRS990/AllOtherExpensesGrp/TotalAmt066433
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IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum04014614442
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0810 EDDY STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002905
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IRS990/BusinessRlnWithFamMemInd00
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IRS990/CashNonInterestBearingGrp/BOYAmt04952792
IRS990/CashNonInterestBearingGrp/EOYAmt06764706
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt0133557
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0133557
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
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IRS990/ConferencesMeetingsGrp/TotalAmt02465
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0RI
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IRS990/ContractorCompensationGrp/ServicesDesc0REAL ESTATE
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt051000
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0727619
IRS990/CYOtherExpensesAmt02324920
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02618128
IRS990/CYRevenuesLessExpensesAmt0265039
IRS990/CYSalariesCompEmpBnftPaidAmt0806788
IRS990/CYTotalExpensesAmt03131708
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt03396747
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
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IRS990/DepreciationDepletionGrp/ProgramServicesAmt0452327
IRS990/DepreciationDepletionGrp/TotalAmt0476861
IRS990/Desc0CONSTRUCT, REHABILITATE, DEVELOP, SELL AND MANAGE LOW-INCOME HOUSING FOR LOW-INCOME INDIVIDUALS, FAMILIES, SENIOR CITIZENS AND VETERANS
IRS990/DescribedInSection501c3Ind01
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IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt06
IRS990/EmploymentTaxReturnsFiledInd01
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IRS990/FamilyOrBusinessRlnInd00
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IRS990/FederalGrantAuditRequiredInd01
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IRS990/FeesForServicesAccountingGrp/TotalAmt068099
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IRS990/FeesForServicesLegalGrp/TotalAmt012618
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt0105388
IRS990/FeesForServicesManagementGrp/TotalAmt0105388
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IRS990/FeesForServicesOtherGrp/TotalAmt0145102
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
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IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt043856
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/PersonNm0SHARON MORRIS
IRS990/Form990PartVIISectionAGrp/PersonNm1EDWARD C CLIFTON
IRS990/Form990PartVIISectionAGrp/PersonNm2JUDGE KEITH CARDOZA
IRS990/Form990PartVIISectionAGrp/PersonNm3SCOTT SLATER
IRS990/Form990PartVIISectionAGrp/PersonNm4STEPHEN NAPOLITANO ESQ
IRS990/Form990PartVIISectionAGrp/PersonNm5ROBERT BROOKS
IRS990/Form990PartVIISectionAGrp/PersonNm6JOHN LOPES
IRS990/Form990PartVIISectionAGrp/PersonNm7LAWRENCE BROWN CPA
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IRS990/Form990PartVIISectionAGrp/PersonNm9TERESA GUABA
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/TitleTxt0EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR PERSON
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01986
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0-234033
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0101859
IRS990/GrossReceiptsAmt03732639
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt013028
IRS990/InformationTechnologyGrp/TotalAmt013028
IRS990/InsuranceGrp/ManagementAndGeneralAmt07640
IRS990/InsuranceGrp/ProgramServicesAmt0271529
IRS990/InsuranceGrp/TotalAmt0279169
IRS990/InterestGrp/ManagementAndGeneralAmt011443
IRS990/InterestGrp/ProgramServicesAmt0245957
IRS990/InterestGrp/TotalAmt0257400
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0961652
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0961652
IRS990/InvestmentInJointVentureInd01
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt02483721
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0133581
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0227875
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt08643578
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07191048
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06603841
IRS990/LandBldgEquipCostOrOtherBssAmt015247419
IRS990/LegalDomicileStateCd0RI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0335892
IRS990/LoanOutstandingInd01
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0DEVELOPING LOW INCOME HOUSING FOR INDIVIDUALS AND FAMILIES INCLUDING SENIOR CITIZENS AND VETERANS IN UNDERSERVED COMMUNITIES IN RI, CT AND MA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt07374535
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt07249907
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IRS990/NetAssetsOrFundBalancesEOYAmt037997870
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-234033
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-234033
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-16279
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt035418848
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt035667608
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt019709
IRS990/OccupancyGrp/ProgramServicesAmt0516399
IRS990/OccupancyGrp/TotalAmt0536108
IRS990/OfficeExpensesGrp/ProgramServicesAmt013727
IRS990/OfficeExpensesGrp/TotalAmt013727
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0880825
IRS990/OtherAssetsTotalGrp/EOYAmt0718295
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0158507
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0158507
IRS990/OtherExpensesGrp/Desc0JANITORIAL AND CLEANING
IRS990/OtherExpensesGrp/Desc1REPAIRS & MAINTENANCE
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3SNOW & RUBBISH REMOVAL
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt029297
IRS990/OtherExpensesGrp/ProgramServicesAmt0135379
IRS990/OtherExpensesGrp/ProgramServicesAmt171552
IRS990/OtherExpensesGrp/ProgramServicesAmt252865
IRS990/OtherExpensesGrp/ProgramServicesAmt349242
IRS990/OtherExpensesGrp/TotalAmt0135379
IRS990/OtherExpensesGrp/TotalAmt1100849
IRS990/OtherExpensesGrp/TotalAmt252865
IRS990/OtherExpensesGrp/TotalAmt349242
IRS990/OtherLiabilitiesGrp/BOYAmt076892
IRS990/OtherLiabilitiesGrp/EOYAmt074628
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0455789
IRS990/OtherSalariesAndWagesGrp/TotalAmt0455789
IRS990/OtherWebsiteInd0X
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt031528685
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt028403772
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt058935
IRS990/PayrollTaxesGrp/TotalAmt058935
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt073280
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt095241
IRS990/PrincipalOfficerNm0SHARON MORRIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531310
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531110
IRS990/ProgramServiceRevenueGrp/Desc0LOW INCOME RENTS
IRS990/ProgramServiceRevenueGrp/Desc1HOUSING ASSISTANCE PROGRAM
IRS990/ProgramServiceRevenueGrp/Desc2ASSET MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3DEVELOPER FEES
IRS990/ProgramServiceRevenueGrp/Desc4OTHER REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01113913
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11035915
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2221874
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3191633
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt454793
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01113913
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11035915
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2221874
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3191633
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt454793
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt011750
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0906141
IRS990/PYOtherExpensesAmt02505969
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04966438
IRS990/PYRevenuesLessExpensesAmt02603488
IRS990/PYSalariesCompEmpBnftPaidAmt0774872
IRS990/PYTotalExpensesAmt03280841
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05884329
IRS990/QuidProQuoContributionsInd00
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt0651785
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt0312999
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0265039
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03345747
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01048720
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01048941
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt051000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt011750
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt061500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt08450
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0135200
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt040421368
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/PublicSupportPY170Pct00.91020
IRS990ScheduleA/PublicSupportTotal170Amt0135200
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt011750
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt061500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt02500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt08450
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0135200
IRS990ScheduleA/TotalSupportAmt0135200
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt05252539
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08015843
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt013268382
IRS990ScheduleD/EquipmentGrp/BookValueAmt0234427
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0627735
IRS990ScheduleD/EquipmentGrp/InvestmentCostOrOtherBasisAmt0862162
IRS990ScheduleD/ExpensesNotReportedAmt0234033
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03131708
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt01116875
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt01116875
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-16279
IRS990ScheduleD/OtherExpensesIncludedAmt0234033
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt074628
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-234033
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt0232093
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt1251417
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt22000211
IRS990ScheduleD/OtherSecuritiesGrp/Desc0CERTIFICATE OF DEPOSIT
IRS990ScheduleD/OtherSecuritiesGrp/Desc1U.S. TREASURY BILL
IRS990ScheduleD/OtherSecuritiesGrp/Desc2INSURANCE AND ANNUITIES
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2C
IRS990ScheduleD/RevenueNotReportedAmt0-16279
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-234033
IRS990ScheduleD/RevenueSubtotalAmt03630780
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND CLASSIFIED BY THE INTERNAL REVENUE SERVICE AS OTHER THAN A PRIVATE FOUNDATION. THE ORGANIZATION HAS ADOPTED THE GUIDANCE FOR "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" TOPIC 740 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. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. AS OF DECEMBER 31, 2022, THE ORGANIZATIONS TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION FOR 3 YEARS FROM THE DATE FILED WITH EACH TAXING JURISDICTION. AT DECEMBER 31, 2022, MANAGEMENT BELIEVES NO SUCH PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NECESSARY.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1REALIZED LOSS ON SALE OF PROPERTY -234,033.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2REALIZED LOSS ON SALE OF PROPERTY 234,033.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06603841
IRS990ScheduleD/TotalBookValueSecuritiesAmt02483721
IRS990ScheduleD/TotalExpensesPerForm990Amt03131708
IRS990ScheduleD/TotalLiabilityAmt074628
IRS990ScheduleD/TotalRevenuePerForm990Amt03396747
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03614501
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03365741
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X

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