Civic Intelligence

Adelante Inc.

990 • Fiscal year 2017 • EIN 26-1407220

Jul 01, 2016 to Jun 30, 2017 • Filed on Aug 25, 2017

Organization ProfileWWW.WDCHOC.ORG
861A Broad StProvidence, RI 02907

(401) 941-2900

Siviq Scores

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

Liabilities / Assets

91st percentile

1.00x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

97th percentile

7.86x

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

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

50th percentile

$64,000

Higher top officer pay than 50% of similar nonprofits.

Top officer pay equals 11.1% of source-year revenue.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

19th percentile

-5.1%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

38th percentile

0.2%

Faster revenue growth than 38% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$4,537,458

Down $243,460 (-5.1%) from 2016

Net Assets

Down

$14,588

Down $243,793 (-94%) from 2016

Liabilities

Up

$4,522,870

Up $333 (+0.0%) from 2016

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin7th percentile

Revenue

Up

$575,496

Up $868 (+0.2%) from 2016

Expenses

Up

$820,452

Up $78,698 (+11%) from 2016

Net Income

Down

-$244,956

Down $77,830 (-47%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth19th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $5,245,494Liabilities 2011: $4,553,866Net Assets 2011: $691,6282011Assets 2012: $5,451,528Liabilities 2012: $4,563,387Net Assets 2012: $888,1412012Assets 2013: $5,318,899Liabilities 2013: $4,561,684Net Assets 2013: $757,2152013Assets 2014: $5,109,752Liabilities 2014: $4,515,439Net Assets 2014: $594,3132014Assets 2015: $4,957,069Liabilities 2015: $4,531,562Net Assets 2015: $425,5072015Assets 2016: $4,780,918Liabilities 2016: $4,522,537Net Assets 2016: $258,3812016Assets 2017: $4,537,458Liabilities 2017: $4,522,870Net Assets 2017: $14,5882017Assets 2018: $4,409,193Liabilities 2018: $4,542,976Net Assets 2018: -$133,7832018Assets 2019: $4,202,558Liabilities 2019: $4,559,901Net Assets 2019: -$357,3432019Assets 2020: $4,053,692Liabilities 2020: $4,600,678Net Assets 2020: -$546,9862020Assets 2021: $4,026,882Liabilities 2021: $4,667,082Net Assets 2021: -$640,2002021Assets 2023: $3,836,121Liabilities 2023: $4,600,895Net Assets 2023: -$764,7742023Assets 2024: $3,759,070Liabilities 2024: $4,572,950Net Assets 2024: -$813,8802024

Highlighted filing

2017

Assets$4,537,458
Liabilities$4,522,870
Net Assets$14,588
Open 2017 Filing

Operations Trend

Revenue Growth38th percentile

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

$1.0M$500K$0-$500KExpenses 2011: $725,7642011Expenses 2012: $708,3042012Expenses 2013: $719,4462013Revenue 2014: $589,901Expenses 2014: $752,724Net Income 2014: -$162,8232014Revenue 2015: $577,736Expenses 2015: $746,602Net Income 2015: -$168,8662015Revenue 2016: $574,628Expenses 2016: $741,754Net Income 2016: -$167,1262016Revenue 2017: $575,496Expenses 2017: $820,452Net Income 2017: -$244,9562017Revenue 2018: $575,590Expenses 2018: $725,559Net Income 2018: -$149,9692018Revenue 2019: $583,547Expenses 2019: $807,107Net Income 2019: -$223,5602019Revenue 2020: $568,962Expenses 2020: $758,605Net Income 2020: -$189,6432020Revenue 2021: $560,880Expenses 2021: $654,094Net Income 2021: -$93,2142021Revenue 2023: $659,381Expenses 2023: $664,976Net Income 2023: -$5,5952023Revenue 2024: $658,018Expenses 2024: $707,124Net Income 2024: -$49,1062024

Highlighted filing

2017

Revenue$575,496
Expenses$820,452
Net Income-$244,956
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Aug 25, 2017
Return Version
2016v3.0
Gross Receipts
$575,496
Mission and Program Overview

Mission

To provide low income housing to the elderly and disabled in the providence, ri area under section 202 of the national affordable housing act.

To provide affordable housing in providence, rhode island for senior citizens and the disabled under section 202 of the national affordable housing act.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,925,081$3,763,094▼ $161,987
Savings and Temporary Cash Investments$802,879$716,032▼ $86,847
Cash and Non-Interest-Bearing Accounts$32,476$35,533▲ $3,057
Prepaid Expenses and Deferred Charges$20,445$21,215▲ $770
Accounts Receivable$37$1,584▲ $1,547
Total Assets$4,780,918$4,537,458▼ $243,460
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,435,800$4,435,800→ $0
Accounts Payable and Accrued Expenses$77,153$77,121▼ $32
Other Liabilities$9,584$9,949▲ $365
Total Liabilities$4,522,537$4,522,870▲ $333
Net Assets / Fund Balance
Unrestricted Net Assets$258,381$14,588▼ $243,793
Total Net Assets Fund Balance$258,381$14,588▼ $243,793
Total Liabilities and Net Assets / Fund Balance$4,780,918$4,537,458▼ $243,460

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,843,063$1,386,596$4,229,659
Land$920,031-$920,031
Compensation and Service Providers
Top Officer Pay50th percentile

Employees

NameTitleOtherTotal
James ComerPresident$64,000$64,000

Board Members and Trustees

NameTitle
Julia BushChair
Ashley HahnDirector
Barbara ColtDirector
Gladys BetancurDirector
Irwin BeckerDirector
Sue BarkerDirector
Michelle MckenziTreas and Sec
Revenue and Support

Revenue Composition

Contributions and Grants
$416,871
Program Service Revenue
$157,509
Investment Income
$1,116
Other Revenue
$0
Change in Net Assets
$-244,956

Audited Revenue Reconciliation

Revenue per Audited Statements
$575,496
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,163
Total Revenue per Audited Statements
$576,659
Total Revenue per Form 990
$575,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$717,734
Salaries, Compensation, and Employee Benefits$102,718
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$307,260--$307,260
Depreciation Depletion$181,826--$181,826
Other Salaries and Wages$102,718--$102,718
Fees for Services Management$42,572--$42,572
Insurance$27,844--$27,844
Office Expenses$14,312--$14,312
Fees for Services Accounting$10,550--$10,550
Travel$1,904--$1,904
Conferences and Meetings$684--$684
Other Expenses$116--$116
Fees for Services Legal$5--$5
Total Functional Expenses$820,452$0$0$820,452

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$820,452
Total Expenses per Audited Statements$820,452
Total Expenses per Form 990$820,452
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposit Liab$9,949
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Form 990 is available for review by the governing board upon request.”

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

“The governing body adheres to the conflict of interest policy that is in place. This policy is reviewed periodically.”

Form 990, Part VI, Section C, Line 19

“The governing documents and form 990 are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Adelante Inc
EIN
26-1407220
Phone
4019412900
Address
861A BROAD ST, PROVIDENCE, RI 02907

Signing Officer

Name
James Comer
Title
President
Phone
4019412900
Signed
2017-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James Comer
Formed
2008
Legal Domicile
Ri
Voting Board Members
9
Independent Board Members
7
Employees
0
Volunteers
0

Preparer

Firm
Damiano Burk & Nuttall Pc
Address
6 BLACKSTONE VALLEY PL STE 109, LINCOLN, RI 02865
Preparer
Kevin Burk
Phone
4013332880
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

“NONE”

Raw XML AppendixShowing 400 of 456 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/BOYAmt077153
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt077121
IRS990/AccountsReceivableGrp/BOYAmt037
IRS990/AccountsReceivableGrp/EOYAmt01584
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE AFFORDABLE HOUSING IN PROVIDENCE, RHODE ISLAND FOR SENIOR CITIZENS AND THE DISABLED UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0JAMES COMER
IRS990/BooksInCareOfDetail/PhoneNum04019412900
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0861A BROAD STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002907
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt032476
IRS990/CashNonInterestBearingGrp/EOYAmt035533
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt0684
IRS990/ConferencesMeetingsGrp/TotalAmt0684
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0416871
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt01116
IRS990/CYOtherExpensesAmt0717734
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0157509
IRS990/CYRevenuesLessExpensesAmt0-244956
IRS990/CYSalariesCompEmpBnftPaidAmt0102718
IRS990/CYTotalExpensesAmt0820452
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0575496
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt0181826
IRS990/DepreciationDepletionGrp/TotalAmt0181826
IRS990/Desc0PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE PORVIDENCE, RI AREA UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. OWNS AND OPERATES A 53 UNIT APARTMENT COMPLEX.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0820452
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt010550
IRS990/FeesForServicesAccountingGrp/TotalAmt010550
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt05
IRS990/FeesForServicesLegalGrp/TotalAmt05
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt042572
IRS990/FeesForServicesManagementGrp/TotalAmt042572
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt71.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
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/PersonNm0GLADYS BETANCUR
IRS990/Form990PartVIISectionAGrp/PersonNm1BARBARA COLT
IRS990/Form990PartVIISectionAGrp/PersonNm2SUE BARKER
IRS990/Form990PartVIISectionAGrp/PersonNm3IRWIN BECKER
IRS990/Form990PartVIISectionAGrp/PersonNm4ASHLEY HAHN
IRS990/Form990PartVIISectionAGrp/PersonNm5JULIA BUSH
IRS990/Form990PartVIISectionAGrp/PersonNm6MICHELLE MCKENZI
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES COMER
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/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt764000
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6TREAS AND SEC
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GovernmentGrantsAmt0416871
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0575496
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt027844
IRS990/InsuranceGrp/TotalAmt027844
IRS990/InvestmentIncomeGrp/ExclusionAmt01116
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt01116
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01386596
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03925081
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03763094
IRS990/LandBldgEquipCostOrOtherBssAmt05149690
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE PROVIDENCE, RI AREA UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt04435800
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt04435800
IRS990/NetAssetsOrFundBalancesBOYAmt0258381
IRS990/NetAssetsOrFundBalancesEOYAmt014588
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01163
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0307260
IRS990/OccupancyGrp/TotalAmt0307260
IRS990/OfficeExpensesGrp/ProgramServicesAmt014312
IRS990/OfficeExpensesGrp/TotalAmt014312
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0RETURN OF SUBSIDY FROM
IRS990/OtherExpensesGrp/Desc1RENT FREE UNIT
IRS990/OtherExpensesGrp/Desc2RESIDENT SERVICE COORDI
IRS990/OtherExpensesGrp/ProgramServicesAmt0119825
IRS990/OtherExpensesGrp/ProgramServicesAmt110836
IRS990/OtherExpensesGrp/ProgramServicesAmt2116
IRS990/OtherExpensesGrp/TotalAmt0119825
IRS990/OtherExpensesGrp/TotalAmt110836
IRS990/OtherExpensesGrp/TotalAmt2116
IRS990/OtherLiabilitiesGrp/BOYAmt09584
IRS990/OtherLiabilitiesGrp/EOYAmt09949
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0102718
IRS990/OtherSalariesAndWagesGrp/TotalAmt0102718
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020445
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021215
IRS990/PrincipalOfficerNm0JAMES COMER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENT
IRS990/ProgramServiceRevenueGrp/Desc1LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2TENANT CHARGES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0154194
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt13193
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2122
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0154194
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt13193
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2122
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0425544
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01590
IRS990/PYOtherExpensesAmt0642027
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0147494
IRS990/PYRevenuesLessExpensesAmt0-167126
IRS990/PYSalariesCompEmpBnftPaidAmt099727
IRS990/PYTotalExpensesAmt0741754
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0574628
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-244956
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0157509
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0802879
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0716032
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0416871
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0425544
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0431845
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0449355
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0451607
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt02175222
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt01116
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt01590
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0327
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0210
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0798
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt04041
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0157509
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0147494
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0145564
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0140336
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0136115
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0727018
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt01116
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt01590
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0327
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0210
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0798
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt04041
IRS990ScheduleA/InvestmentIncomeCYPct00.00140
IRS990ScheduleA/InvestmentIncomePYPct00.00100
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99860
IRS990ScheduleA/PublicSupportPY509Pct00.99900
IRS990ScheduleA/PublicSupportTotal509Amt02902240
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0574380
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0573038
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0577409
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0589691
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0587722
IRS990ScheduleA/Total509Grp/TotalAmt02902240
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0575496
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0574628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0577736
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0589901
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0588520
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02906281
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02843063
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01386596
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04229659
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0820452
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0920031
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0920031
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01163
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt09949
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSIT LIAB
IRS990ScheduleD/RevenueNotReportedAmt01163
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0575496
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0NONE
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03763094
IRS990ScheduleD/TotalExpensesPerForm990Amt0820452
IRS990ScheduleD/TotalLiabilityAmt09949
IRS990ScheduleD/TotalRevenuePerForm990Amt0575496
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0576659
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0820452
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORM 990 IS AVAILABLE FOR REVIEW BY THE GOVERNING BOARD UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE GOVERNING BODY ADHERES TO THE CONFLICT OF INTEREST POLICY THAT IS IN PLACE. THIS POLICY IS REVIEWED PERIODICALLY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOUSING OPPORTUNITIES CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0222487344
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0MANAGEMENT OF LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0ACTIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0861A BROAD ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PROVIDENCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002907
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt042572
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1102834
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt26706
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HOUSING OPPORTUNITIES CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HOUSING OPPORTUNITIES CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2HOUSING OPPORTUNITIES CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04780918
IRS990/TotalAssetsEOYAmt04537458
IRS990/TotalAssetsGrp/BOYAmt04780918
IRS990/TotalAssetsGrp/EOYAmt04537458
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0416871
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0820452
IRS990/TotalFunctionalExpensesGrp/TotalAmt0820452
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt04522537
IRS990/TotalLiabilitiesEOYAmt04522870
IRS990/TotalLiabilitiesGrp/BOYAmt04522537
IRS990/TotalLiabilitiesGrp/EOYAmt04522870
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0258381
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt014588
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0820452
IRS990/TotalProgramServiceRevenueAmt0157509
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt01116
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0157509
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0575496

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,537,458
Liabilities
$4,522,870
Net assets
$14,588
Revenue
$575,496
Expenses
$820,452
Net income
-$244,956
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.76$4.57$0.81$0.66$0.71$0.05
2023Detailed filing. Detailed filing data is available for this year.$3.84$4.60$0.76$0.66$0.66$0.01
2021Detailed filing. Detailed filing data is available for this year.$4.03$4.67$0.64$0.56$0.65$0.09
2020Detailed filing. Detailed filing data is available for this year.$4.05$4.60$0.55$0.57$0.76$0.19
2019Detailed filing. Detailed filing data is available for this year.$4.20$4.56$0.36$0.58$0.81$0.22
2018Detailed filing. Detailed filing data is available for this year.$4.41$4.54$0.13$0.58$0.73$0.15
2017Detailed filing. Detailed filing data is available for this year.$4.54$4.52$0.01$0.58$0.82$0.24
2016Detailed filing. Detailed filing data is available for this year.$4.78$4.52$0.26$0.57$0.74$0.17
2015Detailed filing. Detailed filing data is available for this year.$4.96$4.53$0.43$0.58$0.75$0.17
2014Detailed filing. Detailed filing data is available for this year.$5.11$4.52$0.59$0.59$0.75$0.16
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.32$4.56$0.76$0.72
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.45$4.56$0.89$0.71
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.25$4.55$0.69$0.73