Civic Intelligence

201 Thurbers Inc.

990 • Fiscal year 2018 • EIN 26-2399236

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 15, 2019

Organization ProfileWWW.SWAPINC.ORG
439 Pine StreetProvidence, RI 02907

(401) 272-0526

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.03x

Higher debt load relative to assets than 92% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

99th percentile

15.03x

Higher debt load relative to revenue than 99% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

10th percentile

-31%

Higher net margin than 10% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

38th percentile

-1.8%

Faster asset growth than 38% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

37th percentile

-0.6%

Faster revenue growth than 37% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Down

$3,116,787

Down $56,383 (-1.8%) from 2017

Net Assets

Down

-$81,027

Down $65,445 (-420%) from 2017

Liabilities

Up

$3,197,814

Up $9,062 (+0.3%) from 2017

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin10th percentile

Revenue

Down

$212,750

Down $1,240 (-0.6%) from 2017

Expenses

Down

$278,195

Down $93,022 (-25%) from 2017

Net Income

Up

-$65,445

Up $91,782 (+58%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth38th percentile

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

$4.0M$2.0M$0-$2.0MAssets 2011: $3,623,750Liabilities 2011: $3,176,757Net Assets 2011: $446,9932011Assets 2012: $3,592,638Liabilities 2012: $3,196,288Net Assets 2012: $396,3502012Assets 2013: $3,548,995Liabilities 2013: $3,192,324Net Assets 2013: $356,6712013Assets 2014: $3,469,539Liabilities 2014: $3,185,188Net Assets 2014: $284,3512014Assets 2015: $3,399,761Liabilities 2015: $3,188,128Net Assets 2015: $211,6332015Assets 2016: $3,334,419Liabilities 2016: $3,192,774Net Assets 2016: $141,6452016Assets 2017: $3,173,170Liabilities 2017: $3,188,752Net Assets 2017: -$15,5822017Assets 2018: $3,116,787Liabilities 2018: $3,197,814Net Assets 2018: -$81,0272018Assets 2019: $3,006,886Liabilities 2019: $3,186,582Net Assets 2019: -$179,6962019Assets 2020: $2,923,531Liabilities 2020: $3,191,849Net Assets 2020: -$268,3182020Assets 2021: $2,836,764Liabilities 2021: $3,193,187Net Assets 2021: -$356,4232021Assets 2022: $2,780,526Liabilities 2022: $3,225,908Net Assets 2022: -$445,3822022Assets 2023: $2,708,616Liabilities 2023: $3,274,242Net Assets 2023: -$565,6262023Assets 2024: $2,636,551Liabilities 2024: $3,302,449Net Assets 2024: -$665,8982024

Highlighted filing

2018

Assets$3,116,787
Liabilities$3,197,814
Net Assets-$81,027
Open 2018 Filing

Operations Trend

Revenue Growth37th percentile

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

$400K$200K$0-$200KExpenses 2011: $248,7112011Expenses 2012: $261,5042012Revenue 2013: $211,846Expenses 2013: $251,525Net Income 2013: -$39,6792013Revenue 2014: $217,861Expenses 2014: $290,181Net Income 2014: -$72,3202014Revenue 2015: $217,649Expenses 2015: $290,367Net Income 2015: -$72,7182015Revenue 2016: $214,601Expenses 2016: $284,589Net Income 2016: -$69,9882016Revenue 2017: $213,990Expenses 2017: $371,217Net Income 2017: -$157,2272017Revenue 2018: $212,750Expenses 2018: $278,195Net Income 2018: -$65,4452018Revenue 2019: $215,713Expenses 2019: $314,382Net Income 2019: -$98,6692019Revenue 2020: $213,926Expenses 2020: $302,548Net Income 2020: -$88,6222020Revenue 2021: $219,083Expenses 2021: $307,188Net Income 2021: -$88,1052021Revenue 2022: $225,555Expenses 2022: $314,514Net Income 2022: -$88,9592022Revenue 2023: $221,295Expenses 2023: $341,539Net Income 2023: -$120,2442023Revenue 2024: $249,882Expenses 2024: $350,154Net Income 2024: -$100,2722024

Highlighted filing

2018

Revenue$212,750
Expenses$278,195
Net Income-$65,445
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 15, 2019
Return Version
2018v3.1
Gross Receipts
$212,750
Mission and Program Overview

Mission

Provide low income housing to the elderly in the providence, ri area under section 202 of the national housing act.

To provide low income housing to the elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,036,622$2,953,992▼ $82,630
Cash and Non-Interest-Bearing Accounts$3,259$17,366▲ $14,107
Savings and Temporary Cash Investments$6,607$7,770▲ $1,163
Prepaid Expenses and Deferred Charges$1,107$1,229▲ $122
Accounts Receivable$167$276▲ $109
Total Assets$3,173,170$3,116,787▼ $56,383
Other Assets Total$125,408$136,154▲ $10,746
Liabilities
Mortgage Notes Payable Secured by Investment Property$3,146,800$3,146,800→ $0
Accounts Payable and Accrued Expenses$23,560$33,477▲ $9,917
Unsecured Notes Loans Payable$9,973$9,973→ $0
Other Liabilities$5,100$5,405▲ $305
Deferred Revenue$3,319$2,159▼ $1,160
Total Liabilities$3,188,752$3,197,814▲ $9,062
Net Assets / Fund Balance
Unrestricted Net Assets$-15,582$-81,027▼ $65,445
Total Net Assets Fund Balance$-15,582$-81,027▼ $65,445
Total Liabilities and Net Assets / Fund Balance$3,173,170$3,116,787▼ $56,383

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,518,992$730,715$3,249,707
Land$435,000-$435,000
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Peter BortolottiVice President
Carla DestefanoExecutive Director
Nancy WhitMember
Phyllis JohnsonMember
Richardson OgidanSecretary
Rosetta Clark-brooksTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$154,131
Program Service Revenue
$58,612
Investment Income
$7
Other Revenue
$0
Change in Net Assets
$-65,445
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$239,476
Salaries, Compensation, and Employee Benefits$38,719
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$95,088--$95,088
Depreciation Depletion$82,630--$82,630
Other Salaries and Wages$30,460--$30,460
Insurance$14,049--$14,049
Fees for Services Management-$13,854-$13,854
Fees for Services Accounting-$6,342-$6,342
Other Employee Benefits$5,709--$5,709
Office Expenses$1,817$3,394-$5,211
Payroll Taxes$2,550--$2,550
Advertising$1,800--$1,800
Fees for Services Legal$1,377--$1,377
Travel$426--$426
Fees for Services Other$237--$237
Other Expenses$27--$27
Total Functional Expenses$254,605$23,590$0$278,195
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 Deposits$5,405
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
201 Thurbers Inc
EIN
26-2399236
Phone
4012720526
Address
439 PINE STREET, PROVIDENCE, RI 02907

Signing Officer

Name
Carla Destefano
Title
Exec Director
Phone
4012720526
Signed
2019-10-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carla Destefano
Formed
2009
Legal Domicile
Ri
Voting Board Members
7
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
Jeremy Cole
Phone
4013332880
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“There have been no changes in the organization's oversight or selection process during the year ended december 31, 2018.”

Financial Statement Notes

PART X, LINE 2:

“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. The corporation has analyzed tax positions taken for filing with the internal revenue service and all state jurisdictions where it operates. 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 condition, results of operations or cash flows. Accordingly, the corporation has not recorded any reserves, or related accruals for interest and penalties for uncertain income tax positions at december 31, 2018. Tax years prior to 2015 have been closed for examination by taxing authorities.”

Raw XML AppendixShowing 400 of 433 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/BOYAmt023560
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt033477
IRS990/AccountsReceivableGrp/BOYAmt0167
IRS990/AccountsReceivableGrp/EOYAmt0276
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY.
IRS990/AdvertisingGrp/ProgramServicesAmt01800
IRS990/AdvertisingGrp/TotalAmt01800
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0CARLA DESTEFANO
IRS990/BooksInCareOfDetail/PhoneNum04012720526
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0439 PINE STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002907
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOfficerEntInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt03259
IRS990/CashNonInterestBearingGrp/EOYAmt017366
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0154131
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt07
IRS990/CYOtherExpensesAmt0239476
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt058612
IRS990/CYRevenuesLessExpensesAmt0-65445
IRS990/CYSalariesCompEmpBnftPaidAmt038719
IRS990/CYTotalExpensesAmt0278195
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0212750
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/BOYAmt03319
IRS990/DeferredRevenueGrp/EOYAmt02159
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt082630
IRS990/DepreciationDepletionGrp/TotalAmt082630
IRS990/Desc0PROVIDE LOW INCOME HOUSING TO THE ELDERLY IN THE PROVIDENCE, RI AREA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.(22 UNITS)
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0254605
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06342
IRS990/FeesForServicesAccountingGrp/TotalAmt06342
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt01377
IRS990/FeesForServicesLegalGrp/TotalAmt01377
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt013854
IRS990/FeesForServicesManagementGrp/TotalAmt013854
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0237
IRS990/FeesForServicesOtherGrp/TotalAmt0237
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt039.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/PersonNm0NANCY WHIT
IRS990/Form990PartVIISectionAGrp/PersonNm1PHYLLIS JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm2CARLA DESTEFANO
IRS990/Form990PartVIISectionAGrp/PersonNm3PETER BORTOLOTTI
IRS990/Form990PartVIISectionAGrp/PersonNm4RICHARDSON OGIDAN
IRS990/Form990PartVIISectionAGrp/PersonNm5ROSETTA CLARK-BROOKS
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt1MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02009
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GovernmentGrantsAmt0154131
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0212750
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt014049
IRS990/InsuranceGrp/TotalAmt014049
IRS990/InvestmentIncomeGrp/ExclusionAmt07
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt07
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0730715
IRS990/LandBldgEquipBasisNetGrp/BOYAmt03036622
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02953992
IRS990/LandBldgEquipCostOrOtherBssAmt03684707
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROVIDE LOW INCOME HOUSING TO THE ELDERLY IN THE PROVIDENCE, RI AREA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt03146800
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt03146800
IRS990/NetAssetsOrFundBalancesBOYAmt0-15582
IRS990/NetAssetsOrFundBalancesEOYAmt0-81027
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt095088
IRS990/OccupancyGrp/TotalAmt095088
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03394
IRS990/OfficeExpensesGrp/ProgramServicesAmt01817
IRS990/OfficeExpensesGrp/TotalAmt05211
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0125408
IRS990/OtherAssetsTotalGrp/EOYAmt0136154
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt05709
IRS990/OtherEmployeeBenefitsGrp/TotalAmt05709
IRS990/OtherExpensesGrp/Desc0RESIDENT SERVICES
IRS990/OtherExpensesGrp/Desc1OTHER RENTING EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt018435
IRS990/OtherExpensesGrp/ProgramServicesAmt127
IRS990/OtherExpensesGrp/TotalAmt018435
IRS990/OtherExpensesGrp/TotalAmt127
IRS990/OtherLiabilitiesGrp/BOYAmt05100
IRS990/OtherLiabilitiesGrp/EOYAmt05405
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt030460
IRS990/OtherSalariesAndWagesGrp/TotalAmt030460
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt02550
IRS990/PayrollTaxesGrp/TotalAmt02550
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01107
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01229
IRS990/PrincipalOfficerNm0CARLA DESTEFANO
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt058612
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt058612
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0154428
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0629
IRS990/PYOtherExpensesAmt0330368
IRS990/PYOtherRevenueAmt0146
IRS990/PYProgramServiceRevenueAmt058787
IRS990/PYRevenuesLessExpensesAmt0-157227
IRS990/PYSalariesCompEmpBnftPaidAmt040849
IRS990/PYTotalExpensesAmt0371217
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0213990
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-65445
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt058612
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06607
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07770
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0212743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0213361
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0214102
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0217489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0217716
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01075411
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0629
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0499
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0160
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0145
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01440
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99870
IRS990ScheduleA/PublicSupportPY170Pct00.99860
IRS990ScheduleA/PublicSupportTotal170Amt01075411
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0212743
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0213361
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0214102
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0217489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0217716
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01075411
IRS990ScheduleA/TotalSupportAmt01076851
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02518992
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0730715
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03249707
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0435000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0435000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt05405
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0INCOME 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. THE CORPORATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. 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 CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT DECEMBER 31, 2018. TAX YEARS PRIOR TO 2015 HAVE BEEN CLOSED FOR EXAMINATION BY TAXING AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02953992
IRS990ScheduleD/TotalLiabilityAmt05405
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/ExplanationTxt3THERE HAVE BEEN NO CHANGES IN THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS DURING THE YEAR ENDED DECEMBER 31, 2018.
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/BusinessNameLine1Txt0SWAP INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1SWAP COMMUNITY LAND TRUST INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0050370946
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1050453207
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501C
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0REHABILITATION OF LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1MANAGEMENT OF LOW INCOME HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0439 PINE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1439 PINE ST
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PROVIDENCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1PROVIDENCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002907
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd102907
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt028350
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt19973
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt213584
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt337789
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt44753
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt2COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt3COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt4COST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0SWAP INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1SWAP INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt2SWAP COMMUNITY LAND TRUST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt3SWAP COMMUNITY LAND TRUST
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt4SWAP COMMUNITY LAND TRUST
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0P
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1E
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt2M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt3O
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt4P
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03173170
IRS990/TotalAssetsEOYAmt03116787
IRS990/TotalAssetsGrp/BOYAmt03173170
IRS990/TotalAssetsGrp/EOYAmt03116787
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0154131
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt023590
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0254605
IRS990/TotalFunctionalExpensesGrp/TotalAmt0278195
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt03188752
IRS990/TotalLiabilitiesEOYAmt03197814
IRS990/TotalLiabilitiesGrp/BOYAmt03188752
IRS990/TotalLiabilitiesGrp/EOYAmt03197814
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-15582
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-81027
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0254605
IRS990/TotalProgramServiceRevenueAmt058612
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt07
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt058612
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0212750
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03173170
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03116787
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt0426
IRS990/TravelGrp/TotalAmt0426
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-15582
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-81027
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt09973
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt09973
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0439 PINE ST
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002907
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.SWAPINC.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02020-03-31 21:24:44Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,116,787
Liabilities
$3,197,814
Net assets
-$81,027
Revenue
$212,750
Expenses
$278,195
Net income
-$65,445
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.64$3.30$0.67$0.25$0.35$0.10
2023Detailed filing. Detailed filing data is available for this year.$2.71$3.27$0.57$0.22$0.34$0.12
2022Detailed filing. Detailed filing data is available for this year.$2.78$3.23$0.45$0.23$0.31$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.84$3.19$0.36$0.22$0.31$0.09
2020Detailed filing. Detailed filing data is available for this year.$2.92$3.19$0.27$0.21$0.30$0.09
2019Detailed filing. Detailed filing data is available for this year.$3.01$3.19$0.18$0.22$0.31$0.10
2018Detailed filing. Detailed filing data is available for this year.$3.12$3.20$0.08$0.21$0.28$0.07
2017Detailed filing. Detailed filing data is available for this year.$3.17$3.19$0.02$0.21$0.37$0.16
2016Detailed filing. Detailed filing data is available for this year.$3.33$3.19$0.14$0.21$0.28$0.07
2015Detailed filing. Detailed filing data is available for this year.$3.40$3.19$0.21$0.22$0.29$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.47$3.19$0.28$0.22$0.29$0.07
2013Detailed filing. Detailed filing data is available for this year.$3.55$3.19$0.36$0.21$0.25$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$3.20$0.40$0.26
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$3.18$0.45$0.25