Civic Intelligence

Thomas Wilbur Homestead Inc

EIN 26-1802780 • 501(c)3 • Warwick, RI

Profile

AFFORDABLE HOUSING

3188 Post RoadWarwick, RI 02886

n/A

Siviq Scores

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

Liabilities / Assets

49th percentile

0.06x

Higher debt load relative to assets than 49% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

1.08x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

8th percentile

-41%

Higher net margin than 8% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

33rd percentile

-1.8%

Faster asset growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Revenue Growth

37th percentile

0.2%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2024

Assets

Down

$1,054,456

Down $57,755 (-5.2%) from 2021

Liabilities

Up

$60,076

Up $14,381 (+31%) from 2021

Net Assets

Down

$994,380

Down $72,136 (-6.8%) from 2021

Revenue

Up

$55,538

Up $289 (+0.5%) from 2021

Expenses

Down

$78,379

Down $6,460 (-7.6%) from 2021

Net Income

Up

-$22,841

Up $6,749 (+23%) from 2021

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0Assets 2012: $1,377,117Liabilities 2012: $45,418Net Assets 2012: $1,331,6992012Assets 2014: $1,321,951Liabilities 2014: $21,169Net Assets 2014: $1,300,7822014Assets 2015: $1,290,366Liabilities 2015: $56,388Net Assets 2015: $1,233,9782015Assets 2016: $1,276,320Liabilities 2016: $87,636Net Assets 2016: $1,188,6842016Assets 2017: $1,247,692Liabilities 2017: $90,712Net Assets 2017: $1,156,9802017Assets 2018: $1,198,229Liabilities 2018: $63,681Net Assets 2018: $1,134,5482018Assets 2019: $1,168,029Liabilities 2019: $52,697Net Assets 2019: $1,115,3322019Assets 2020: $1,144,785Liabilities 2020: $48,679Net Assets 2020: $1,096,1062020Assets 2021: $1,112,211Liabilities 2021: $45,695Net Assets 2021: $1,066,5162021Assets 2024: $1,054,456Liabilities 2024: $60,076Net Assets 2024: $994,3802024

Highlighted filing

2024

Assets$1,054,456
Liabilities$60,076
Net Assets$994,380

Operations Trend

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

$150K$100K$50K$0-$50K-$100KExpenses 2012: $71,4102012Revenue 2014: $70,627Expenses 2014: $76,815Net Income 2014: -$6,1882014Revenue 2015: $54,148Expenses 2015: $119,690Net Income 2015: -$65,5422015Revenue 2016: $58,916Expenses 2016: $101,138Net Income 2016: -$42,2222016Revenue 2017: $52,012Expenses 2017: $83,716Net Income 2017: -$31,7042017Revenue 2018: $54,464Expenses 2018: $76,896Net Income 2018: -$22,4322018Revenue 2019: $54,463Expenses 2019: $73,679Net Income 2019: -$19,2162019Revenue 2020: $54,595Expenses 2020: $73,821Net Income 2020: -$19,2262020Revenue 2021: $55,249Expenses 2021: $84,839Net Income 2021: -$29,5902021Revenue 2024: $55,538Expenses 2024: $78,379Net Income 2024: -$22,8412024

Highlighted filing

2024

Revenue$55,538
Expenses$78,379
Net Income-$22,841

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 13, 2025
Return Version
2023v6.0
Gross Receipts
$55,538
Mission and Program Overview

Mission

AFFORDABLE HOUSING

Affordable housing for low and moderate income disabled persons under section 811 of the us code.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,008,765$978,070▼ $30,695
Savings and Temporary Cash Investments$48,085$51,159▲ $3,074
Cash and Non-Interest-Bearing Accounts$7,304$22,015▲ $14,711
Prepaid Expenses and Deferred Charges-$2,585-
Accounts Receivable$758$627▼ $131
Total Assets$1,064,912$1,054,456▼ $10,456
Liabilities
Accounts Payable and Accrued Expenses$46,684$59,069▲ $12,385
Escrow Account Liability$1,007$1,007→ $0
Total Liabilities$47,691$60,076▲ $12,385
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,017,221$994,380▼ $22,841
Total Net Assets Fund Balance$1,017,221$994,380▼ $22,841
Total Liabilities and Net Assets / Fund Balance$1,064,912$1,054,456▼ $10,456

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$798,070$429,730$1,227,800
Land$180,000-$180,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michael T MaynardPresident
William SteinDirector
Laura JaworskiExecutive Director
Anita SowersSecretary
Thomas BeverlyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$38,468
Program Service Revenue
$16,912
Investment Income
$8
Other Revenue
$150
Change in Net Assets
$-22,841

Audited Revenue Reconciliation

Revenue per Audited Statements
$55,538
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$55,538
Total Revenue per Form 990
$55,538
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$78,379
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$30,770--$30,770
Depreciation Depletion$30,695--$30,695
Fees for Services Accounting-$7,850-$7,850
Fees for Services Management-$4,636-$4,636
Insurance$4,329--$4,329
Office Expenses-$99-$99
Total Functional Expenses$65,794$12,585$0$78,379

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$78,379
Total Expenses per Audited Statements$78,379
Total Expenses per Form 990$78,379
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Reviewed by treasurer and finance committee

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

Members of the governing board sign annual disclosure statements regarding any affiliations which are reviewed and maintained by the executive director.

Form 990, Part VI, Section C, Line 19

Upon request to the executive director

Filing and Contact Details

Filer

Filer Name
Thomas Wilbur Homestead Inc
EIN
26-1802780
Phone
4014633324
Address
3188 POST ROAD, WARWICK, RI 02886

Signing Officer

Name
Laura Jaworski
Title
Executive Director
Phone
4014633324
Signed
2025-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Laura Jaworski
Formed
2008
Legal Domicile
Ri
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

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

Additional Explanations

FORM 990, PART XII, LINE 2C:

There have been no changes to the organization's process for selecting independent auditors or with respect to oversight of the audit

Financial Statement Notes

PART IV, LINE 2B:

The organization is a custodian of tenant security deposits. Tenant security deposits are maintained in a separate interest-bearing account from the organization's funds available for operations.

PART X, LINE 2:

The corporation is exempt from federal income taxes under section 501(c)(3) of the internal revenue code ("irc"). Income tax benefits are recognized for income tax positions taken or expected to be taken in a tax return, only when it is determined that the income tax position will more-likely-than-not be sustained upon examination by taxing authorities. Management has analyzed significant tax positions taken within filings with the internal revenue services and the state of rhode island. Management believes that income tax filing positions will be sustained upon examination and does not anticipate any adjustments that would result in a material adverse effect to the corporation's financial position, results of operations, or cash flows. Accordingly, the corporation has not recorded any reserves or related accruals for interest and penalties for uncertain tax positions as of june 30, 2024. The corporation's policy is to include any interest and penalties on uncertain tax position as a component of income taxes in the statement of activities.

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IRS990ScheduleD/LandGrp/BookValueAmt0180000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0180000
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt055538
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS A CUSTODIAN OF TENANT SECURITY DEPOSITS. TENANT SECURITY DEPOSITS ARE MAINTAINED IN A SEPARATE INTEREST-BEARING ACCOUNT FROM THE ORGANIZATION'S FUNDS AVAILABLE FOR OPERATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED SIGNIFICANT TAX POSITIONS TAKEN WITHIN FILINGS WITH THE INTERNAL REVENUE SERVICES AND THE STATE OF RHODE ISLAND. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT TO THE CORPORATION'S FINANCIAL POSITION, RESULTS OF OPERATIONS, OR CASH FLOWS. ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024. THE CORPORATION'S POLICY IS TO INCLUDE ANY INTEREST AND PENALTIES ON UNCERTAIN TAX POSITION AS A COMPONENT OF INCOME TAXES IN THE STATEMENT OF ACTIVITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0978070
IRS990ScheduleD/TotalExpensesPerForm990Amt078379
IRS990ScheduleD/TotalRevenuePerForm990Amt055538
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt055538
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt078379
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REVIEWED BY TREASURER AND FINANCE COMMITTEE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS OF THE GOVERNING BOARD SIGN ANNUAL DISCLOSURE STATEMENTS REGARDING ANY AFFILIATIONS WHICH ARE REVIEWED AND MAINTAINED BY THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2UPON REQUEST TO THE EXECUTIVE DIRECTOR
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THERE HAVE BEEN NO CHANGES TO THE ORGANIZATION'S PROCESS FOR SELECTING INDEPENDENT AUDITORS OR WITH RESPECT TO OVERSIGHT OF THE AUDIT
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOUSE OF HOPE COMMUNITY DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1GEROGE GALEN WHEELER HOUSE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0050448151
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1270678763
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1AFFORDABLE HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0ACTIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1ACTIVE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt03188 POST ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt13188 POST ROAD
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WARWICK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1WARWICK
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002886
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102886
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt04636
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1970
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt212685
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0CONTRACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HOUSE OF HOPE COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1HOUSE OF HOPE COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2HOUSE OF HOPE COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01064912
IRS990/TotalAssetsEOYAmt01054456
IRS990/TotalAssetsGrp/BOYAmt01064912
IRS990/TotalAssetsGrp/EOYAmt01054456
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt038468
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt012585
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt065794
IRS990/TotalFunctionalExpensesGrp/TotalAmt078379
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt047691
IRS990/TotalLiabilitiesEOYAmt060076
IRS990/TotalLiabilitiesGrp/BOYAmt047691
IRS990/TotalLiabilitiesGrp/EOYAmt060076
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01017221
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0994380
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt065794
IRS990/TotalProgramServiceRevenueAmt016912
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt08
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt017062
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt055538
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01064912
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01054456
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03188 POST ROAD
IRS990/USAddress/CityNm0WARWICK
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002886
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0LAURA JAWORSKI

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