Civic Intelligence

Golden Ridge Housing Inc

EIN 26-4369613 • 501(c)3 • Coventry, RI

Profile

Ownership and operation of 34 apartments for low income elderly persons

14 Manchester CircleCoventry, RI 02816

n/A

Siviq Scores

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

Liabilities / Assets

31st percentile

0.01x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

60th percentile

0.15x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

7th percentile

-49%

Higher net margin than 7% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

27th percentile

-3.2%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Revenue Growth

33rd percentile

-1.3%

Faster revenue growth than 33% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2021 to 2022

Assets

Down

$3,733,924

Down $123,111 (-3.2%) from 2021

Liabilities

Down

$32,662

Down $12,452 (-28%) from 2021

Net Assets

Down

$3,701,262

Down $110,659 (-2.9%) from 2021

Revenue

Down

$223,957

Down $2,998 (-1.3%) from 2021

Expenses

Down

$334,616

Down $3,797 (-1.1%) from 2021

Net Income

Up

-$110,659

Up $799 (+0.7%) from 2021

Trend Graphs

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2011: $2,946,366Liabilities 2011: $3,000Net Assets 2011: $2,943,3662011Assets 2012: $4,882,865Liabilities 2012: $18,075Net Assets 2012: $4,864,7902012Assets 2013: $4,797,507Liabilities 2013: $25,572Net Assets 2013: $4,771,9352013Assets 2014: $4,680,937Liabilities 2014: $21,644Net Assets 2014: $4,659,2932014Assets 2016: $4,430,606Liabilities 2016: $30,081Net Assets 2016: $4,400,5252016Assets 2017: $4,312,159Liabilities 2017: $34,691Net Assets 2017: $4,277,4682017Assets 2018: $4,195,800Liabilities 2018: $49,918Net Assets 2018: $4,145,8822018Assets 2019: $4,092,670Liabilities 2019: $54,434Net Assets 2019: $4,038,2362019Assets 2020: $3,972,524Liabilities 2020: $49,145Net Assets 2020: $3,923,3792020Assets 2021: $3,857,035Liabilities 2021: $45,114Net Assets 2021: $3,811,9212021Assets 2022: $3,733,924Liabilities 2022: $32,662Net Assets 2022: $3,701,2622022

Highlighted filing

2022

Assets$3,733,924
Liabilities$32,662
Net Assets$3,701,262

Operations Trend

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

$400K$200K$0-$200KExpenses 2011: $2,0002011Expenses 2012: $178,9262012Revenue 2013: $196,897Expenses 2013: $289,752Net Income 2013: -$92,8552013Revenue 2014: $198,173Expenses 2014: $310,815Net Income 2014: -$112,6422014Revenue 2016: $195,534Expenses 2016: $340,498Net Income 2016: -$144,9642016Revenue 2017: $198,040Expenses 2017: $321,097Net Income 2017: -$123,0572017Revenue 2018: $196,269Expenses 2018: $327,855Net Income 2018: -$131,5862018Revenue 2019: $215,282Expenses 2019: $322,928Net Income 2019: -$107,6462019Revenue 2020: $232,602Expenses 2020: $347,459Net Income 2020: -$114,8572020Revenue 2021: $226,955Expenses 2021: $338,413Net Income 2021: -$111,4582021Revenue 2022: $223,957Expenses 2022: $334,616Net Income 2022: -$110,6592022

Highlighted filing

2022

Revenue$223,957
Expenses$334,616
Net Income-$110,659

Filings

Latest Detailed Filing

The latest 2022 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2014 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Mar 14, 2015
Return Version
2014v5.0
Gross Receipts
$198,173
Mission and Program Overview

Mission

Ownership and operation of 34 apartments for low income elderly persons

Ownership and operation of elderly housing under section 202 of the national housing act

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,687,228$4,552,520▼ $134,708
Cash and Non-Interest-Bearing Accounts$22,842$9,773▼ $13,069
Prepaid Expenses and Deferred Charges$8,455$8,747▲ $292
Accounts Receivable$460$772▲ $312
Total Assets$4,797,507$4,680,937▼ $116,570
Other Assets Total$78,522$109,125▲ $30,603
Liabilities
Other Liabilities$14,587$14,484▼ $103
Accounts Payable and Accrued Expenses$10,985$7,160▼ $3,825
Total Liabilities$25,572$21,644▼ $3,928
Net Assets / Fund Balance
Unrestricted Net Assets$4,771,935$4,659,293▼ $112,642
Total Net Assets Fund Balance$4,771,935$4,659,293▼ $112,642
Total Liabilities and Net Assets / Fund Balance$4,797,507$4,680,937▼ $116,570

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,487,679$320,550$4,808,229
Other Land Buildings$33,841$38,672$72,513
Land$31,000-$31,000
Compensation and Service Providers

Board Members and Trustees

NameTitle
Harold Trafford JrChairman
Daniel SheaVice President
Maureen JendzejecDirector
R David JervisDirector
Robert EldredSecretary
Donald OsleyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$193,090
Investment Income
$80
Other Revenue
$5,003
Change in Net Assets
$-112,642

Audited Revenue Reconciliation

Revenue per Audited Statements
$198,173
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$198,173
Total Revenue per Form 990
$198,173
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$310,815
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
Depreciation Depletion$134,708--$134,708
Insurance$29,698--$29,698
Fees for Services Management$22,511--$22,511
Other Expenses$15,504--$15,504
Fees for Services Accounting$6,030--$6,030
Office Expenses$1,078--$1,078
All Other Expenses$516--$516
Total Functional Expenses$310,815$0$0$310,815

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$310,815
Total Expenses per Audited Statements$310,815
Total Expenses per Form 990$310,815
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Common Board MembersReimbursement of Payroll and BenefitsNo$43,527
-Common Board MembersManagement Fee Under Hud Approved AgreementNo$22,511
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$14,384
Due to Sponsor$100
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The property is managed by coventry housing authority under an agreement approved by the us. Department of housing and urban development

Form 990, Part VI, Section B, Line 11

Board officer reviews return prior to electronic filing with the irs

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

Annual written statement signed and any interim conflicts brought to attention of board for consideration

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Form 990, Part VII

Harold trafford jr - 15 centre street, coventry, ri 02816. Robert eldred - 562 plainfield pike, greene, ri 02827. Donald osley - 1218 main street, west warwick, ri 02893. Maureen jendzejec - 26 robbins drive, coventry, ri 02816. Daniel shea - 55 trellis drive, west warwick, ri 02893. R david jervis - 300 abbotts crossing road, coventry, ri 02816.

Filing and Contact Details

Filer

Filer Name
Golden Ridge Housing Inc
EIN
26-4369613
Phone
4018284367
Address
14 MANCHESTER CIRCLE, COVENTRY, RI 02816

Signing Officer

Name
Harold Trafford Jr
Title
President
Phone
4018284367
Signed
2015-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Harold Trafford Jr
Formed
2009
Legal Domicile
Ri
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

Preparer

Firm
D'AMBRA CPA
Address
531 HARRIS AVENUE, WOONSOCKET, RI 02895-1872
Preparer
CRAIG D'AMBRA
Phone
4014742300
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from prior year

Raw XML AppendixShowing 400 of 441 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.

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IRS990ScheduleA/Total509Grp/TotalAmt05419997
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0198173
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0196897
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02100350
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02463429
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0471999
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt05430848
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04487679
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0320550
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04808229
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0310815
IRS990ScheduleD/LandGrp/BookValueAmt031000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt031000
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt033841
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt038672
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt072513
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt114384
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPONSOR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0198173
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04552520
IRS990ScheduleD/TotalExpensesPerForm990Amt0310815
IRS990ScheduleD/TotalLiabilityAmt014484
IRS990ScheduleD/TotalRevenuePerForm990Amt0198173
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0198173
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0310815
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0COVENTRY HOUSING AUTHORITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1COVENTRY HOUSING AUTHORITY
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD MEMBERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1COMMON BOARD MEMBERS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt022511
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt143527
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEE UNDER HUD APPROVED AGREEMENT
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1REIMBURSEMENT OF PAYROLL AND BENEFITS
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS MANAGED BY COVENTRY HOUSING AUTHORITY UNDER AN AGREEMENT APPROVED BY THE US. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD OFFICER REVIEWS RETURN PRIOR TO ELECTRONIC FILING WITH THE IRS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ANNUAL WRITTEN STATEMENT SIGNED AND ANY INTERIM CONFLICTS BROUGHT TO ATTENTION OF BOARD FOR CONSIDERATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HAROLD TRAFFORD JR - 15 CENTRE STREET, COVENTRY, RI 02816. ROBERT ELDRED - 562 PLAINFIELD PIKE, GREENE, RI 02827. DONALD OSLEY - 1218 MAIN STREET, WEST WARWICK, RI 02893. MAUREEN JENDZEJEC - 26 ROBBINS DRIVE, COVENTRY, RI 02816. DANIEL SHEA - 55 TRELLIS DRIVE, WEST WARWICK, RI 02893. R DAVID JERVIS - 300 ABBOTTS CROSSING ROAD, COVENTRY, RI 02816.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0COVENTRY HOUSING ASSOCIATES CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0050495681
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SPONSOR OF ORGANIZATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 9
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt014 MANCHESTER CIRCLE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0COVENTRY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002816
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt022511
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt143527
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0COVENTRY HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1COVENTRY HOUSING AUTHORITY
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt04797507
IRS990/TotalAssetsEOYAmt04680937
IRS990/TotalAssetsGrp/BOYAmt04797507
IRS990/TotalAssetsGrp/EOYAmt04680937
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0310815
IRS990/TotalFunctionalExpensesGrp/TotalAmt0310815
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt025572
IRS990/TotalLiabilitiesEOYAmt021644
IRS990/TotalLiabilitiesGrp/BOYAmt025572
IRS990/TotalLiabilitiesGrp/EOYAmt021644
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt04771935
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt04659293
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0310815
IRS990/TotalProgramServiceRevenueAmt0193090
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt080
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0198093
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0198173
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04797507
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04680937
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00

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