Civic Intelligence

Olneyville Housing Corporation

990 • Fiscal year 2014 • EIN 22-3010422

Jul 01, 2013 to Jun 30, 2014 • Filed on Sep 12, 2014

66 Chaffee Street02909

(401) 351-8719

Siviq Scores

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

Liabilities / Assets

84th percentile

0.73x

Higher debt load relative to assets than 84% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

91st percentile

3.36x

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

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

30th percentile

-1.9%

Higher net margin than 30% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

45th percentile

$108,465

Higher top officer pay than 45% of similar nonprofits.

Top officer pay equals 6.8% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

37th percentile

-0.3%

Faster asset growth than 37% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

42nd percentile

1.5%

Faster revenue growth than 42% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2014

Assets

Down

$7,305,293

Down $24,497 (-0.3%) from 2013

Net Assets

Down

$1,962,890

Down $31,475 (-1.6%) from 2013

Liabilities

Up

$5,342,403

Up $6,978 (+0.1%) from 2013

Revenue

$1,592,229

No earlier filing loaded for comparison.

Expenses

Up

$1,623,219

Up $236,108 (+17%) from 2013

Net Income

-$30,990

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $5,510,244Liabilities 2010: $4,422,562Net Assets 2010: $1,087,6822010Assets 2011: $6,655,257Liabilities 2011: $5,066,873Net Assets 2011: $1,588,3842011Assets 2012: $6,825,639Liabilities 2012: $4,832,459Net Assets 2012: $1,993,1802012Assets 2013: $7,329,790Liabilities 2013: $5,335,425Net Assets 2013: $1,994,3652013Assets 2014: $7,305,293Liabilities 2014: $5,342,403Net Assets 2014: $1,962,8902014Assets 2015: $8,675,872Liabilities 2015: $6,792,713Net Assets 2015: $1,883,1592015Assets 2016: $8,100,708Liabilities 2016: $6,000,872Net Assets 2016: $2,099,8362016Assets 2017: $7,170,107Liabilities 2017: $4,588,288Net Assets 2017: $2,581,8192017Assets 2018: $5,979,465Liabilities 2018: $2,664,745Net Assets 2018: $3,314,7202018Assets 2019: $7,362,083Liabilities 2019: $3,881,678Net Assets 2019: $3,480,4052019Assets 2020: $9,736,570Liabilities 2020: $5,579,919Net Assets 2020: $4,156,6512020Assets 2021: $14,027,125Liabilities 2021: $7,760,290Net Assets 2021: $6,266,8352021Assets 2022: $16,065,797Liabilities 2022: $7,859,058Net Assets 2022: $8,206,7392022Assets 2023: $25,876,696Liabilities 2023: $13,582,928Net Assets 2023: $12,293,7682023Assets 2024: $27,022,985Liabilities 2024: $15,309,961Net Assets 2024: $11,713,0242024

Highlighted filing

2014

Assets$7,305,293
Liabilities$5,342,403
Net Assets$1,962,890

Operations Trend

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

$15M$10M$5.0M$0-$5.0MExpenses 2010: $880,3072010Expenses 2011: $1,231,0212011Revenue 2012: $1,544,334Expenses 2012: $1,162,283Net Income 2012: $382,0512012Expenses 2013: $1,387,1112013Revenue 2014: $1,592,229Expenses 2014: $1,623,219Net Income 2014: -$30,9902014Revenue 2015: $1,852,628Expenses 2015: $2,043,092Net Income 2015: -$190,4642015Revenue 2016: $2,665,369Expenses 2016: $2,447,066Net Income 2016: $218,3032016Revenue 2017: $2,073,497Expenses 2017: $1,586,496Net Income 2017: $487,0012017Revenue 2018: $4,689,503Expenses 2018: $4,391,506Net Income 2018: $297,9972018Revenue 2019: $2,281,610Expenses 2019: $2,607,298Net Income 2019: -$325,6882019Revenue 2020: $4,137,120Expenses 2020: $3,285,359Net Income 2020: $851,7612020Revenue 2021: $6,728,120Expenses 2021: $4,816,243Net Income 2021: $1,911,8772021Revenue 2022: $9,198,891Expenses 2022: $7,084,893Net Income 2022: $2,113,9982022Revenue 2023: $10,936,227Expenses 2023: $6,156,658Net Income 2023: $4,779,5692023Revenue 2024: $7,111,879Expenses 2024: $7,703,787Net Income 2024: -$591,9082024

Highlighted filing

2014

Revenue$1,592,229
Expenses$1,623,219
Net Income-$30,990
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Sep 12, 2014
Return Version
2013v3.0
Gross Receipts
$2,473,039
Mission and Program Overview

Mission

The organization was founded in 1988 to promote the comprehensive revitalization of the olneyville neighborhood of providence. Our mission is to work with residents to build a safe, healthy and stable community. We accomplish our mission through the creation and preservation of affordable housing, development of commercial real estate to spur economic development in the neighborhood, individual asset building, as well as community building and organizing.

Housing opportunities for low and moderate income persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$2,791,473$2,746,219▼ $45,254
Land, Buildings, and Equipment, Net$1,979,670$1,939,855▼ $39,815
Accounts Receivable$1,133,269$1,174,384▲ $41,115
Prepaid Expenses and Deferred Charges$800,661$815,859▲ $15,198
Savings and Temporary Cash Investments$5,328$179,555▲ $174,227
Investments Other Securities$190,713$173,196▼ $17,517
Pledges and Grants Receivable$115,177$162,051▲ $46,874
Cash and Non-Interest-Bearing Accounts$199,970$109,547▼ $90,423
Total Assets$7,329,790$7,305,293▼ $24,497
Other Assets Total$113,529$4,627▼ $108,902
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,283,718$4,096,584▼ $187,134
Accounts Payable and Accrued Expenses$1,033,695$1,227,214▲ $193,519
Other Liabilities$18,012$18,605▲ $593
Total Liabilities$5,335,425$5,342,403▲ $6,978
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,305,292$1,281,384▼ $23,908
Unrestricted Net Assets$689,073$681,506▼ $7,567
Total Net Assets Fund Balance$1,994,365$1,962,890▼ $31,475
Total Liabilities and Net Assets / Fund Balance$7,329,790$7,305,293▼ $24,497

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,460,329$211,585$1,671,914
Land$458,241-$458,241
Other Land Buildings$17,393$57,855$75,248
Equipment$3,892$15,871$19,763
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank SheaExecutive DirectorFT$96,217$12,248$108,465

Board Members and Trustees

NameTitle
Clay RockfellerPresident
Sean CreeganVice President
Alyson SaffelleDirector
Eric AndersonDirector
Father Raymond TretraultDirector
Gary LeporeDirector
Julia GoldDirector
Lt Dean IsabellaDirector
Maria MancusoDirector
Rosa PastorDirector
Virgina MorganDirector
Xander MarroDirector
Elmer StanleySecretary
Mary FasanoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Sixteen On CenterConstruction Contract-$142,584
Revenue and Support

Revenue Composition

Contributions and Grants
$1,081,596
Program Service Revenue
$779,005
Investment Income
$123
Other Revenue
$-268,495
All Other Contributions
$157,863
Change in Net Assets
$-30,990

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported Amount
Real Estate Residential1$111,900
Total Noncash Contributions1$111,900

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,592,229
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$907,640
Total Revenue per Audited Statements
$2,499,869
Total Revenue per Form 990
$1,592,229
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$969,192
Salaries, Compensation, and Employee Benefits$654,027
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$440,813--$440,813
All Other Expenses$183,370$8,745-$192,115
Current Officers, Directors, Trustees, and Key Employees$84,299$15,431-$99,730
Interest$80,220$213-$80,433
Other Expenses$78,419$189-$78,608
Fees for Services Other$55,663$22,734-$78,397
Depreciation Depletion$66,864$441-$67,305
Fees for Services Accounting$29,986$35,949-$65,935
Other Employee Benefits$60,141$5,336-$65,477
Payroll Taxes$45,486$2,521-$48,007
Insurance$44,624$194-$44,818
Conferences and Meetings$9,879$3,857-$13,736
Office Expenses$9,835$661-$10,496
Fees for Services Management$7,639--$7,639
Fees for Services Legal$4,220--$4,220
Advertising$2,405--$2,405
Total Functional Expenses$1,519,432$103,787$0$1,623,219

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,531,344
Expenses per Audited Statements$1,623,704
Total Expenses per Form 990$1,623,219
Expenses Not Reported on Form 990$907,640
Expenses Not Reported on Financial Statements$-485
Other Expense Adjustments$-485
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$33,738
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$102,620-$33,738-
Total Events$102,620-$33,738$-33,738
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$18,605
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
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
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization's rental properties are managed by an unrelated professional property management company which provides regular information for the organization's review

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

The organization's other committees do not have the authority to make decisions on behalf of the governing body, therefore their meetings are not always documented in writing

Form 990, Part VI, Section B, Line 11

Prior to filing the 990 is reviewed by the executive director and treasurer of the board.

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

The organization's board of directors meet annually to review the conflict of interest policy

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

Performed by board of directors

Form 990, Part VI, Section C, Line 19

The organization makes these documents available upon request

Form 990, Part VII

Mary fasano - 81 danforth st, warwick, ri 02888. Clay rockfeller - 532 kinsley ave, unit 1, providence, ri 02909. Elmer stanley - 11 health ave, providence, ri 02940. Eric anderson - 206 calla st, providence, ri 02903. Julia gold - 3 capitoal hill, providence, ri 02908. Lt dean isabella - 325 washington st, providence, ri 02903. Gary lepore - 106 putnam st, providence, ri 02909. Maria mancuso - 69 barstow st, providence, ri 02909. Xander marro - 14 olneyville square, providence, ri 02909. Alyson saffelle - 133 aleppo st, providence, ri 02909. Father raymond tretrault - 66 appleton st, providence, ri 02909. Sean creegan - 25 dorrance st, providence, ri 02903. Rosa pastor - 25 salmon st, apt 104, providence, ri 02909. Virgina morgan - 65 capron st, providence, ri 02909.

Filing and Contact Details

Filer

EIN
22-3010422
Phone
4013518719

Signing Officer

Name
Frank Shea
Title
Executive Director
Phone
4013518719
Signed
2014-09-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Shea
Formed
1988
Legal Domicile
Ri
Voting Board Members
14
Independent Board Members
14
Employees
17
Volunteers
14

Preparer

Preparer
CRAIG D'AMBRA
Phone
4014742300
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Development costs: program service expenses 67,294. Management and general expenses 0. Fundraising expenses 0. Total expenses 67,294. Rent expense: program service expenses 50,783. Management and general expenses 1,987. Fundraising expenses 0. Total expenses 52,770. Miscellaneous: program service expenses 18,096. Management and general expenses 1,804. Fundraising expenses 0. Total expenses 19,900. Net loss (inc) from new polish home llc: program service expenses 17,032. Management and general expenses 0. Fundraising expenses 0. Total expenses 17,032. Printing: program service expenses 9,391. Management and general expenses 1,181. Fundraising expenses 0. Total expenses 10,572. Telephone: program service expenses 8,296. Management and general expenses 1,755. Fundraising expenses 0. Total expenses 10,051. Dues and subscriptions: program service expenses 5,393. Management and general expenses 821. Fundraising expenses 0. Total expenses 6,214. Bad debts: program service expenses 3,757. Management and general expenses 942. Fundraising expenses 0. Total expenses 4,699. Postage: program service expenses 3,328. Management and general expenses 255. Fundraising expenses 0. Total expenses 3,583.

FORM 990, PART XI, LINE 9:

Difference in pass through loss(income) from k-1 and amount on f/s -485.

Form 990,part XI, Line 2C

No change from prior year

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Revenue from other consolidated entities 26,830. Cost of property sold netted with income for tax return purposes 847,072. Fundraising costs netted with income for tax return purposes 33,738.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Expenses from other consolidated entities 26,830. Cost of property sold netted with income for tax return purposes 847,072. Fundraising costs netted with income for tax return purposes 33,738.

PART XII, LINE 4B - OTHER ADJUSTMENTS:

Difference in passthrough entities tax year vs fiscal year loss -485.

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IRS990/Desc0TO DATE, OHC HAS DEVELOPED 48 HOMES FOR FIRST TIME LOW-INCOME HOMEBUYERS AND 118 UNITS OF AFFORDABLE RENTAL HOUSING, AS WELL AS OVER 11,000 SQUARE FEET OF OFFICE AND RETAIL SPACE. OHCS CURRENT DEVELOPMENT EFFORTS ARE FOCUSED ON THE AREA AROUND THE DABATE ELEMENTARY SCHOOL THAT WAS HIT HARDEST BY THE FORECLOSURE CRISIS. WE ACQUIRED PARAGON MILLS, A 120,000 SQUARE FOOT HISTORIC PROPERTY, IN NOVEMBER 2011; IT WILL BE RESTORED AND REDEVELOPED INTO COMMERCIAL USE, WITH THE INTENTION OF CREATING NEW JOBS IN OLNEYVILLE AND SERVING AS THE LINCHPIN TO BROADER ECONOMIC DEVELOPMENT IN THE NEIGHBORHOODS COMMERCIAL DISTRICT.TO SUPPORT OUR HOMEOWNERSHIP EFFORTS, WE HAVE AN ASSET BUILDING COUNSELOR ON OUR STAFF WHO TEACHES FIRST-TIME HOMEBUYER CLASSES IN ENGLISH AND SPANISH, AND COUNSELS CLIENTS TO HELP THEM PREVENT FORECLOSURE, BUILD CREDIT, AND PREPARE FOR HOMEOWNERSHIP. AS A FEDERAL VOLUNTEER INCOME TAX ASSISTANCE (VITA) SITE, OHC STAFF AND VOLUNTEERS PREPARE HUNDREDS OF TAX RETURNS EACH YEAR ENABLING FAMILIES TO OBTAIN THEIR EARNED INCOME TAX CREDIT BENEFIT WITHOUT HAVING TO PAY FOR TAX PREPARATION SERVICES.OHC CONTINUES TO SERVE AS THE CONVENER OF THE OLNEYVILLE COLLABORATIVE, A COALITION OF OVER 20 NEIGHBORHOOD ORGANIZATIONS. THE COLLABORATIVE HOLDS QUARTERLY MEETINGS WHICH SERVE AS AN OPPORTUNITY FOR MEMBERS TO SHARE INFORMATION, ADDRESS ISSUES OF CONCERN, AND PLAN INITIATIVES. THE COLLABORATIVE COORDINATES SEVERAL ANNUAL PROJECTS INCLUDING A COMMUNITY FESTIVAL, PERFORMING ARTS SERIES, TWO NEIGHBORHOOD CLEAN-UPS, A COMMUNITY GARDEN NETWORK, AND A NEIGHBORHOOD NEWSLETTER. IN 2011, OHC LAUNCHED ITS LANDSCAPING SOCIAL ENTERPRISE: ONE OLNEYVILLE. ONE OLNEYVILLE DELIVERS A TRIPLE BOTTOM LINE: INTENSIVE WORKFORCE DEVELOPMENT FOR AT-RISK YOUNG PEOPLE FROM THE NEIGHBORHOOD; PRO-BONO COMMERCIAL DISTRICT MAINTENANCE; AND INCOME GENERATION VIA ITS FEE-FOR-SERVICE LANDSCAPING CONTRACTS. ALL INCOME THAT IS GENERATED IS RE-INVESTED IN GROWING ONE OLNEYVILLES WORKFORCE DEVELOPMENT AND NEIGHBORHOOD BEAUTIFICATION EFFORTS. OHC HAS A STRONG FOCUS ON COMMUNITY BUILDING THROUGH ONE-TO-ONE RESIDENT ENGAGEMENT. OUR COMMUNITY ACTION INITIATIVES ARE A RESULT OF INTENSIVE PLANNING EFFORTS CONDUCTED VIA LISCS OUR NEIGHBORHOODS (2007-2010) EFFORT AS WELL AS FOR THE ACTION PLAN FOR A HEALTHIER OLNEYVILLE (2009-2011), IN PARTNERSHIP WITH THE RI DEPARTMENT OF HEALTH AND THE GREATER PROVIDENCE YMCA. THESE COMPREHENSIVE NEIGHBORHOOD DEVELOPMENT PLANS IDENTIFY CONCRETE STRATEGIES THAT ADDRESS AREAS FROM HOUSING AND ECONOMY TO INFRASTRUCTURE AND PUBLIC HEALTH & SAFETY.
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IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt1412248
IRS990/Form990PartVIISectionAGrp/PersonNm0MARY FASANO
IRS990/Form990PartVIISectionAGrp/PersonNm1CLAY ROCKFELLER
IRS990/Form990PartVIISectionAGrp/PersonNm2ELMER STANLEY
IRS990/Form990PartVIISectionAGrp/PersonNm3ERIC ANDERSON
IRS990/Form990PartVIISectionAGrp/PersonNm4JULIA GOLD
IRS990/Form990PartVIISectionAGrp/PersonNm5LT DEAN ISABELLA
IRS990/Form990PartVIISectionAGrp/PersonNm6GARY LEPORE
IRS990/Form990PartVIISectionAGrp/PersonNm7MARIA MANCUSO
IRS990/Form990PartVIISectionAGrp/PersonNm8XANDER MARRO
IRS990/Form990PartVIISectionAGrp/PersonNm9ALYSON SAFFELLE
IRS990/Form990PartVIISectionAGrp/PersonNm10FATHER RAYMOND TRETRAULT
IRS990/Form990PartVIISectionAGrp/PersonNm11SEAN CREEGAN
IRS990/Form990PartVIISectionAGrp/PersonNm12ROSA PASTOR
IRS990/Form990PartVIISectionAGrp/PersonNm13VIRGINA MORGAN
IRS990/Form990PartVIISectionAGrp/PersonNm14FRANK SHEA
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1496217
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0102620
IRS990/FundraisingDirectExpensesAmt033738
IRS990/FundraisingGrossIncomeAmt00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GovernmentGrantsAmt0821113
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02473039
IRS990/GrossSalesOfInventoryAmt0595000
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt0194
IRS990/InsuranceGrp/ProgramServicesAmt044624
IRS990/InsuranceGrp/TotalAmt044818
IRS990/InterestGrp/ManagementAndGeneralAmt0213
IRS990/InterestGrp/ProgramServicesAmt080220
IRS990/InterestGrp/TotalAmt080433
IRS990/InventoriesForSaleOrUseGrp/BOYAmt02791473
IRS990/InventoriesForSaleOrUseGrp/EOYAmt02746219
IRS990/InvestmentIncomeGrp/ExclusionAmt0123
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0123
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt0190713
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt0173196
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0285311
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01979670
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01939855
IRS990/LandBldgEquipCostOrOtherBssAmt02225166
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE ORGANIZATION WAS FOUNDED IN 1988 TO PROMOTE THE COMPREHENSIVE REVITALIZATION OF THE OLNEYVILLE NEIGHBORHOOD OF PROVIDENCE. OUR MISSION IS TO WORK WITH RESIDENTS TO BUILD A SAFE, HEALTHLY AND STABLE COMMUNITY. WE ACCOMPLISH OUR MISSION THROUGH THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING, DEVELOPMENT OF COMMERCIAL REAL ESTATE TO SPUR ECONOMIC DEVELOPMENT IN THE NEIGHBORHOOD, INDIVIDUAL ASSET BUILDING, AS WELL AS COMMUNITY BUILDING AND ORGANIZING.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04283718
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04096584
IRS990/NetAssetsOrFundBalancesBOYAmt01994365
IRS990/NetAssetsOrFundBalancesEOYAmt01962890
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-33738
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-33738
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt0-252072
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt0-252072
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt0111900
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0661
IRS990/OfficeExpensesGrp/ProgramServicesAmt09835
IRS990/OfficeExpensesGrp/TotalAmt010496
IRS990/OfficerMailingAddressInd01
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0113529
IRS990/OtherAssetsTotalGrp/EOYAmt04627
IRS990/OtherChangesInNetAssetsAmt0-485
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05336
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt060141
IRS990/OtherEmployeeBenefitsGrp/TotalAmt065477
IRS990/OtherExpensesGrp/Desc0UTILITIES
IRS990/OtherExpensesGrp/Desc1MAINTENANCE
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3PROGRAM COSTS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07516
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1189
IRS990/OtherExpensesGrp/ProgramServicesAmt0116287
IRS990/OtherExpensesGrp/ProgramServicesAmt1103190
IRS990/OtherExpensesGrp/ProgramServicesAmt296092
IRS990/OtherExpensesGrp/ProgramServicesAmt378419
IRS990/OtherExpensesGrp/TotalAmt0116287
IRS990/OtherExpensesGrp/TotalAmt1110706
IRS990/OtherExpensesGrp/TotalAmt296092
IRS990/OtherExpensesGrp/TotalAmt378608
IRS990/OtherLiabilitiesGrp/BOYAmt018012
IRS990/OtherLiabilitiesGrp/EOYAmt018605
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt017315
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt017315
IRS990/OtherRevenueTotalAmt017315
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0440813
IRS990/OtherSalariesAndWagesGrp/TotalAmt0440813
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02521
IRS990/PayrollTaxesGrp/ProgramServicesAmt045486
IRS990/PayrollTaxesGrp/TotalAmt048007
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0115177
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0162051
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0800661
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0815859
IRS990/PrincipalOfficerNm0FRANK SHEA
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531390
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531390
IRS990/ProgramServiceRevenueGrp/Desc0DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc1RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0390500
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1311312
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt277193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0390500
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1311312
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt277193
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0773100
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt024
IRS990/PYOtherExpensesAmt0749471
IRS990/PYOtherRevenueAmt0-118047
IRS990/PYProgramServiceRevenueAmt0621725
IRS990/PYRevenuesLessExpensesAmt0-110309
IRS990/PYSalariesCompEmpBnftPaidAmt0637640
IRS990/PYTotalExpensesAmt01387111
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01276802
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-30990
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02370296
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05328
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0179555
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt01081596
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0773100
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt01127677
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt01795090
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt01445492
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt06222955
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0123
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt074
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt01391320
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0738382
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0691033
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0462365
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0826409
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04109509
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0123
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt024
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt039
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt074
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0299
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt010332464
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02472916
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt01511482
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01818710

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.0$15.3$11.7$7.11$7.70$0.59
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.9$13.6$12.3$10.9$6.16$4.78
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.1$7.86$8.21$9.20$7.08$2.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.0$7.76$6.27$6.73$4.82$1.91
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$9.74$5.58$4.16$4.14$3.29$0.85
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.36$3.88$3.48$2.28$2.61$0.33
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.98$2.66$3.31$4.69$4.39$0.30
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$7.17$4.59$2.58$2.07$1.59$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$8.10$6.00$2.10$2.67$2.45$0.22
2015Detailed filing. Detailed filing data is available for this year.$8.68$6.79$1.88$1.85$2.04$0.19
2014Detailed filing. Detailed filing data is available for this year.$7.31$5.34$1.96$1.59$1.62$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.33$5.34$1.99$1.39
2012Summary only. Only limited summary data is available for this year.$6.83$4.83$1.99$1.54$1.16$0.38
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.66$5.07$1.59$1.23
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.51$4.42$1.09$0.88