Civic Intelligence

Shooting Star Apartments Inc

EIN 46-2830174 • 501(c)3 • Providence, RI

Profile

Ownership and rental of hud subsidized property

18 Parkis AvenueProvidence, RI 02907

n/A

Siviq Scores

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

Liabilities / Assets

87th percentile

0.40x

Higher debt load relative to assets than 87% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

98th percentile

3.20x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

13th percentile

-59%

Higher net margin than 13% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

Score unavailable

No value available

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

Asset Growth

47th percentile

-3.0%

Faster asset growth than 47% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

56th percentile

3.5%

Faster revenue growth than 56% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$433,982

Down $7,329 (-1.7%) from 2023

Liabilities

Up

$178,364

Up $1,801 (+1.0%) from 2023

Net Assets

Down

$255,618

Down $9,130 (-3.4%) from 2023

Revenue

Up

$70,694

Up $15,435 (+28%) from 2023

Expenses

Down

$79,824

Down $7,777 (-8.9%) from 2023

Net Income

Up

-$9,130

Up $23,212 (+72%) from 2023

Trend Graphs

Balance Sheet Trend

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

$600K$400K$200K$0Assets 2014: $341,546Liabilities 2014: $16,175Net Assets 2014: $325,3712014Assets 2015: $460,144Liabilities 2015: $128,219Net Assets 2015: $331,9252015Assets 2016: $451,392Liabilities 2016: $114,387Net Assets 2016: $337,0052016Assets 2017: $454,512Liabilities 2017: $118,348Net Assets 2017: $336,1642017Assets 2018: $456,340Liabilities 2018: $118,476Net Assets 2018: $337,8642018Assets 2019: $460,991Liabilities 2019: $134,765Net Assets 2019: $326,2262019Assets 2020: $451,122Liabilities 2020: $135,102Net Assets 2020: $316,0202020Assets 2021: $454,257Liabilities 2021: $146,112Net Assets 2021: $308,1452021Assets 2022: $454,993Liabilities 2022: $157,903Net Assets 2022: $297,0902022Assets 2023: $441,311Liabilities 2023: $176,563Net Assets 2023: $264,7482023Assets 2024: $433,982Liabilities 2024: $178,364Net Assets 2024: $255,6182024

Highlighted filing

2024

Assets$433,982
Liabilities$178,364
Net Assets$255,618

Operations Trend

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

$400K$300K$200K$100K$0-$100KRevenue 2014: $334,148Expenses 2014: $8,777Net Income 2014: $325,3712014Revenue 2015: $45,905Expenses 2015: $39,351Net Income 2015: $6,5542015Revenue 2016: $59,309Expenses 2016: $54,229Net Income 2016: $5,0802016Revenue 2017: $53,392Expenses 2017: $54,233Net Income 2017: -$8412017Revenue 2018: $51,966Expenses 2018: $50,266Net Income 2018: $1,7002018Revenue 2019: $53,398Expenses 2019: $65,036Net Income 2019: -$11,6382019Revenue 2020: $53,422Expenses 2020: $63,628Net Income 2020: -$10,2062020Revenue 2021: $53,397Expenses 2021: $61,272Net Income 2021: -$7,8752021Revenue 2022: $53,398Expenses 2022: $64,453Net Income 2022: -$11,0552022Revenue 2023: $55,259Expenses 2023: $87,601Net Income 2023: -$32,3422023Revenue 2024: $70,694Expenses 2024: $79,824Net Income 2024: -$9,1302024

Highlighted filing

2024

Revenue$70,694
Expenses$79,824
Net Income-$9,130

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Aug 25, 2024
Return Version
2023v5.1
Gross Receipts
$70,694
Mission and Program Overview

Mission

Ownership and rental of hud subsidized property

Own and operate 3 unit hud subsidized property for low income persons

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$361,350$358,033▼ $3,317
Accounts Receivable$7,996$15,444▲ $7,448
Cash and Non-Interest-Bearing Accounts$13,923$8,138▼ $5,785
Total Assets$441,311$433,982▼ $7,329
Other Assets Total$58,042$52,367▼ $5,675
Liabilities
Mortgage Notes Payable Secured by Investment Property$103,068$103,068→ $0
Accounts Payable and Accrued Expenses$72,751$74,552▲ $1,801
Other Liabilities$744$744→ $0
Total Liabilities$176,563$178,364▲ $1,801
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$264,748$255,618▼ $9,130
Total Net Assets Fund Balance$264,748$255,618▼ $9,130
Total Liabilities and Net Assets / Fund Balance$441,311$433,982▼ $7,329

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$257,595$84,421$342,016
Land$90,500-$90,500
Other Land Buildings$9,938$16,596$26,534
Other Assets Org$903--
Compensation and Service Providers

Board Members and Trustees

NameTitle
B Joseph Reddish IiiPresident
David RobertVice President
Diane SiedleckiDirector
Jay JoynesDirector
Joseph ReuschDirector
Marc GauthierDirector
Raymond MalmSecretary
Matthew AdamsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$70,668
Investment Income
$26
Other Revenue
$0
Change in Net Assets
$-9,130

Audited Revenue Reconciliation

Revenue per Audited Statements
$70,694
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$70,694
Total Revenue per Form 990
$70,694
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$79,824
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$12,617--$12,617
Fees for Services Accounting$8,000--$8,000
Other Expenses$7,069--$7,069
Insurance$4,936--$4,936
All Other Expenses$3,467--$3,467
Fees for Services Management$2,925--$2,925
Fees for Services Legal$550--$550
Office Expenses$250--$250
Total Functional Expenses$79,824$0$0$79,824

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$79,824
Total Expenses per Audited Statements$79,824
Total Expenses per Form 990$79,824
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
Aids Care Ocean StateCommon Board of DirectorsManagement Fees and Payroll ReimbursementNo$9,994
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$744
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
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

Corporation entered into hud approved management agreement with a non profit corporation

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

The tax return is given to an officer or executive director of the corporation to review prior to electronic filing with the irs.

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

Board performs informally

Form 990, Part VI, Section C, Line 19

UPON REQUEST

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

B. Joseph reddish iii - 23 corey trail road, wyoming, ri 02898. David robert - 360 shawomet avenue, warwick, ri 02889. Marc gauthier - 25 mohawk trail, cranston, ri 02921. Diane siedlecki - 140 wilson avenue, warwick, ri 02889. Raymond malm - 1180 narragansett blvd, cranston, ri 02905. Joseph reusch - 52 robins way, warwick, ri 02879. Jay joynes - 36 kenyon st apt 5, providence, ri 02903. Matthew adams - 17 wildwood dr, cranston, ri 02920.

Filing and Contact Details

Filer

Filer Name
Shooting Star Apartments Inc
EIN
46-2830174
Phone
4015213603
Address
18 PARKIS AVENUE, PROVIDENCE, RI 02907

Signing Officer

Name
Gina Mercure
Title
Executive Director
Phone
4015213603
Signed
2024-08-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gina Mercure
Formed
2013
Legal Domicile
Ri
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
8

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 XI, Line 2C

NO CHANGE

Raw XML AppendixShowing 400 of 438 raw XML fields

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IRS990ScheduleA/PublicSupportTotal509Amt0286064
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt070668
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt055232
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt053388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt053388
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt053388
IRS990ScheduleA/Total509Grp/TotalAmt0286064
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt070694
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt055259
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt053398
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt053397
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt053422
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0286170
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt0257595
IRS990ScheduleD/BuildingsGrp/DepreciationAmt084421
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0342016
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt079824
IRS990ScheduleD/LandGrp/BookValueAmt090500
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt090500
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt051464
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1903
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0FUNDS IN ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1CASH HELD IN TRUST SECURITY DEPOSITS
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt09938
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt016596
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt026534
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0744
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt070694
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0358033
IRS990ScheduleD/TotalBookValueOtherAssetsAmt052367
IRS990ScheduleD/TotalExpensesPerForm990Amt079824
IRS990ScheduleD/TotalLiabilityAmt0744
IRS990ScheduleD/TotalRevenuePerForm990Amt070694
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt070694
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt079824
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0AIDS CARE OCEAN STATE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0COMMON BOARD OF DIRECTORS
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt09994
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES AND PAYROLL REIMBURSEMENT
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CORPORATION ENTERED INTO HUD APPROVED MANAGEMENT AGREEMENT WITH A NON PROFIT CORPORATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE TAX RETURN IS GIVEN TO AN OFFICER OR EXECUTIVE DIRECTOR OF THE CORPORATION TO REVIEW PRIOR TO ELECTRONIC FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD PERFORMS INFORMALLY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4B. JOSEPH REDDISH III - 23 COREY TRAIL ROAD, WYOMING, RI 02898. DAVID ROBERT - 360 SHAWOMET AVENUE, WARWICK, RI 02889. MARC GAUTHIER - 25 MOHAWK TRAIL, CRANSTON, RI 02921. DIANE SIEDLECKI - 140 WILSON AVENUE, WARWICK, RI 02889. RAYMOND MALM - 1180 NARRAGANSETT BLVD, CRANSTON, RI 02905. JOSEPH REUSCH - 52 ROBINS WAY, WARWICK, RI 02879. JAY JOYNES - 36 KENYON ST APT 5, PROVIDENCE, RI 02903. MATTHEW ADAMS - 17 WILDWOOD DR, CRANSTON, RI 02920.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5NO CHANGE
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
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 CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd01
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt02925
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt17069
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0AIDS CARE OCEAN STATE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1AIDS CARE OCEAN STATE INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0M
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1O
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0441311
IRS990/TotalAssetsEOYAmt0433982
IRS990/TotalAssetsGrp/BOYAmt0441311
IRS990/TotalAssetsGrp/EOYAmt0433982
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt079824
IRS990/TotalFunctionalExpensesGrp/TotalAmt079824
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0176563
IRS990/TotalLiabilitiesEOYAmt0178364
IRS990/TotalLiabilitiesGrp/BOYAmt0176563
IRS990/TotalLiabilitiesGrp/EOYAmt0178364
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0264748
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0255618
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt079824
IRS990/TotalProgramServiceRevenueAmt070668
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt026
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070668
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt070694
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0441311
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0433982
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00

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