Civic Intelligence

Procap Housing Inc.

990 • Fiscal year 2023 • EIN 54-2078482

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 06, 2023

Organization ProfileN/A
518 Hartford AvenueProvidence, RI 02909

(401) 273-2000

Siviq Scores

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

Liabilities / Assets

97th percentile

1.51x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

99th percentile

13.14x

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

11th percentile

-30%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

25th percentile

-3.3%

Faster asset growth than 25% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

36th percentile

-0.7%

Faster revenue growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$1,346,312

Down $45,870 (-3.3%) from 2022

Net Assets

Down

-$681,871

Down $51,523 (-8.2%) from 2022

Liabilities

Up

$2,028,183

Up $5,653 (+0.3%) from 2022

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin11th percentile

Revenue

Down

$154,326

Down $1,059 (-0.7%) from 2022

Expenses

Up

$201,354

Up $18,544 (+10%) from 2022

Net Income

Down

-$47,028

Down $19,603 (-71%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth25th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $1,987,556Liabilities 2011: $1,937,229Net Assets 2011: $50,3272011Assets 2012: $1,918,515Liabilities 2012: $1,937,378Net Assets 2012: -$18,8632012Assets 2013: $1,838,163Liabilities 2013: $1,939,218Net Assets 2013: -$101,0552013Assets 2014: $1,754,005Liabilities 2014: $1,953,474Net Assets 2014: -$199,4692014Assets 2015: $1,664,296Liabilities 2015: $1,957,931Net Assets 2015: -$293,6352015Assets 2016: $1,624,009Liabilities 2016: $1,965,870Net Assets 2016: -$341,8612016Assets 2017: $1,588,719Liabilities 2017: $1,974,466Net Assets 2017: -$385,7472017Assets 2018: $1,558,174Liabilities 2018: $1,981,635Net Assets 2018: -$423,4612018Assets 2019: $1,518,564Liabilities 2019: $1,995,367Net Assets 2019: -$476,8032019Assets 2020: $1,463,038Liabilities 2020: $1,999,322Net Assets 2020: -$536,2842020Assets 2021: $1,407,728Liabilities 2021: $2,010,651Net Assets 2021: -$602,9232021Assets 2022: $1,392,182Liabilities 2022: $2,022,530Net Assets 2022: -$630,3482022Assets 2023: $1,346,312Liabilities 2023: $2,028,183Net Assets 2023: -$681,8712023Assets 2024: $1,287,349Liabilities 2024: $2,062,119Net Assets 2024: -$774,7702024

Highlighted filing

2023

Assets$1,346,312
Liabilities$2,028,183
Net Assets-$681,871
Open 2023 Filing

Operations Trend

Revenue Growth36th percentile

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

$300K$200K$100K$0-$100KRevenue 2011: $115,722Expenses 2011: $185,980Net Income 2011: -$70,2582011Expenses 2012: $184,7842012Expenses 2013: $198,0152013Revenue 2014: $113,425Expenses 2014: $211,839Net Income 2014: -$98,4142014Revenue 2015: $130,389Expenses 2015: $224,555Net Income 2015: -$94,1662015Revenue 2016: $154,108Expenses 2016: $202,334Net Income 2016: -$48,2262016Revenue 2017: $153,552Expenses 2017: $197,438Net Income 2017: -$43,8862017Revenue 2018: $154,986Expenses 2018: $192,700Net Income 2018: -$37,7142018Revenue 2019: $154,730Expenses 2019: $203,837Net Income 2019: -$49,1072019Revenue 2020: $155,913Expenses 2020: $215,394Net Income 2020: -$59,4812020Revenue 2021: $155,333Expenses 2021: $221,972Net Income 2021: -$66,6392021Revenue 2022: $155,385Expenses 2022: $182,810Net Income 2022: -$27,4252022Revenue 2023: $154,326Expenses 2023: $201,354Net Income 2023: -$47,0282023Revenue 2024: $148,263Expenses 2024: $241,162Net Income 2024: -$92,8992024

Highlighted filing

2023

Revenue$154,326
Expenses$201,354
Net Income-$47,028
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 6, 2023
Return Version
2022v5.0
Gross Receipts
$154,326
Mission and Program Overview

Mission

To provide low income housing for handicapped individuals.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,113,458$1,068,039▼ $45,419
Prepaid Expenses and Deferred Charges-$17,577-
Cash and Non-Interest-Bearing Accounts$21,121$9,099▼ $12,022
Accounts Receivable$4,806$351▼ $4,455
Total Assets$1,392,182$1,346,312▼ $45,870
Other Assets Total$252,797$251,246▼ $1,551
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,674,800$1,674,800→ $0
Accounts Payable and Accrued Expenses$181,505$187,122▲ $5,617
Other Liabilities$166,225$166,261▲ $36
Total Liabilities$2,022,530$2,028,183▲ $5,653
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-630,348$-681,871▼ $51,523
Total Net Assets Fund Balance$-630,348$-681,871▼ $51,523
Total Liabilities and Net Assets / Fund Balance$1,392,182$1,346,312▼ $45,870

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,056,825$1,212,351$2,269,176
Land$11,214-$11,214
Other Assets Org$6,995--
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Althea GravesDirector
Jeffrey DanaDirector
Paul MacdonaldDirector
Thomas S HemmendingerDirector, Receiver, and Se
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$154,200
Investment Income
$126
Other Revenue
$0
Change in Net Assets
$-47,028

Audited Revenue Reconciliation

Revenue per Audited Statements
$154,326
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$154,326
Total Revenue per Form 990
$154,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$201,354
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$45,419--$45,419
Fees for Services Management$14,857$28,773-$43,630
Occupancy$41,309--$41,309
Insurance$16,274--$16,274
Fees for Services Accounting-$9,730-$9,730
Interest$8,761--$8,761
Office Expenses-$4,814-$4,814
Other Expenses$2,832--$2,832
Advertising-$249-$249
Total Functional Expenses$157,788$43,566$0$201,354

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$201,354
Total Expenses per Audited Statements$201,354
Total Expenses per Form 990$201,354
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
Due to Related Party$163,000
Tenant Security Deposits$3,261
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
Backup withholding compliance
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
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“The organization's day to day operations are under the control of a third party management company which reports directly to the receiver of the sponsor organization.”

Form 990, Part VI, Section A, Line 7B

“The organization's sponsor, providence community action program, is in receivership as is the organization. Governance decisions are the responsibility of the receiver.”

Form 990, Part VI, Section A, Line 8B

“Because the sponsor is in receivership, board and committee meetings are no longer held.”

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

“The organization's sponsor, providence community action program (procap) is in receivership. When procap was in operation it's cfo reviewed the form 990 as did the president of the board of directors of procap housing. Post-receivership, the form 990 is reviewed by the receiver, who is also the secretary of the board of procap housing, inc.”

Form 990, Part VI, Section B, Line 12

“The organization's sponsor, providence community action program (procap) is in receivership. When procap was in operation it required its board members and the board members of procap housing, inc. To disclose when a conflict of interest arises.”

Form 990, Part VI, Section C, Line 19

“Documents are available upon request made of the receiver.”

Filing and Contact Details

Filer

Filer Name
Procap Housing Inc
EIN
54-2078482
Phone
4012732000
Address
518 HARTFORD AVENUE, PROVIDENCE, RI 02909

Signing Officer

Name
Thomas Hemmendinger
Title
Receiver, Secretary
Phone
4012732000
Signed
2023-10-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Thomas Hemmendinger
Formed
2000
Legal Domicile
Ri
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Citrin Cooperman Advisors LLC
Address
500 EXCHANGE STREET SUITE 9-100, PROVIDENCE, RI 02903
Preparer
Michael E Criscione
Phone
4014214800
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Entity loss due to recapture of residual receipts -4,495.”

FORM 990, PART XII, LINE 2C:

“The organization's sponsor, providence community action program (procap) is in receivership. When procap was in operation it's cfo reviewed the financial statements as did the president of the board of directors of procap housing. Post-receivership, the financial statements are reviewed by the receiver, who is also the secretary of the board of procap housing, inc. Any questions or issues that develop from his review are then directed to the entire board for discussion. The receivor has final approval of the financial statements.”

Financial Statement Notes

PART X, LINE 2:

“The corporation qualifies as a tax-exempt organziation under section 501(c)(3) of the internal revenue code. As a non-for-profit entity, the corporation is subject to unrelated business income tax if applicable. In accordance with fasb accounting standards codification 740, income taxes, the corporation applies the more likely than not threshold to the recognition and derecognition of tax positions for its financial statements. Management has evaluated the corporation's tax positions and has concluded that there were no uncertain tax positions that qualified for either recognition or disclosure.”

Raw XML AppendixShowing 400 of 428 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/BOYAmt0181505
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0187122
IRS990/AccountsReceivableGrp/BOYAmt04806
IRS990/AccountsReceivableGrp/EOYAmt0351
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE LOW INCOME HOUSING FOR HANDICAPPED INDIVIDUALS.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0249
IRS990/AdvertisingGrp/TotalAmt0249
IRS990/AnnualDisclosureCoveredPrsnInd00
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0THOMAS S HEMMENDINGER
IRS990/BooksInCareOfDetail/PhoneNum04014532345
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0362 BROADWAY
IRS990/BooksInCareOfDetail/USAddress/CityNm0PROVIDENCE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0RI
IRS990/BooksInCareOfDetail/USAddress/ZIPCd002909
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt021121
IRS990/CashNonInterestBearingGrp/EOYAmt09099
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0126
IRS990/CYOtherExpensesAmt0201354
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0154200
IRS990/CYRevenuesLessExpensesAmt0-47028
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt0201354
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0154326
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd01
IRS990/DepreciationDepletionGrp/ProgramServicesAmt045419
IRS990/DepreciationDepletionGrp/TotalAmt045419
IRS990/Desc0PROVIDING LOW INCOME HOUSING FOR HANDICAPPED INDIVIDUALS.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0157788
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditPerformedInd01
IRS990/FederalGrantAuditRequiredInd01
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt09730
IRS990/FeesForServicesAccountingGrp/TotalAmt09730
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt028773
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt014857
IRS990/FeesForServicesManagementGrp/TotalAmt043630
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt00.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0PAUL MACDONALD
IRS990/Form990PartVIISectionAGrp/PersonNm1JEFFREY DANA
IRS990/Form990PartVIISectionAGrp/PersonNm2THOMAS S HEMMENDINGER
IRS990/Form990PartVIISectionAGrp/PersonNm3ALTHEA GRAVES
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR, RECEIVER, AND SE
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr02000
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0154326
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt016274
IRS990/InsuranceGrp/TotalAmt016274
IRS990/InterestGrp/ProgramServicesAmt08761
IRS990/InterestGrp/TotalAmt08761
IRS990/InvestmentIncomeGrp/ExclusionAmt0126
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0126
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01212351
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01113458
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01068039
IRS990/LandBldgEquipCostOrOtherBssAmt02280390
IRS990/LegalDomicileStateCd0RI
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE LOW INCOME HOUSING FOR HANDICAPPED INDIVIDUALS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01674800
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01674800
IRS990/NetAssetsOrFundBalancesBOYAmt0-630348
IRS990/NetAssetsOrFundBalancesEOYAmt0-681871
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-630348
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-681871
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt041309
IRS990/OccupancyGrp/TotalAmt041309
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04814
IRS990/OfficeExpensesGrp/TotalAmt04814
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0252797
IRS990/OtherAssetsTotalGrp/EOYAmt0251246
IRS990/OtherChangesInNetAssetsAmt0-4495
IRS990/OtherExpensesGrp/Desc0CONTRACTS
IRS990/OtherExpensesGrp/Desc1SUPPLIES
IRS990/OtherExpensesGrp/Desc2SNOW REMOVAL
IRS990/OtherExpensesGrp/ProgramServicesAmt024183
IRS990/OtherExpensesGrp/ProgramServicesAmt14153
IRS990/OtherExpensesGrp/ProgramServicesAmt22832
IRS990/OtherExpensesGrp/TotalAmt024183
IRS990/OtherExpensesGrp/TotalAmt14153
IRS990/OtherExpensesGrp/TotalAmt22832
IRS990/OtherLiabilitiesGrp/BOYAmt0166225
IRS990/OtherLiabilitiesGrp/EOYAmt0166261
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt017577
IRS990/PrincipalOfficerNm0THOMAS HEMMENDINGER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT RENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0154200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0154200
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0111
IRS990/PYOtherExpensesAmt0182810
IRS990/PYOtherRevenueAmt01074
IRS990/PYProgramServiceRevenueAmt0154200
IRS990/PYRevenuesLessExpensesAmt0-27425
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0182810
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0155385
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-47028
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0154200
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0126
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0111
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0105
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt093
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt070
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0505
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0154200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0154200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0154200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0154200
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0153027
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0769827
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0126
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0111
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0105
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt093
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt070
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0505
IRS990ScheduleA/InvestmentIncomeCYPct00.00070
IRS990ScheduleA/InvestmentIncomePYPct00.00060
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt01074
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt01028
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt01620
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01633
IRS990ScheduleA/OtherIncome509Grp/TotalAmt05355
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99240
IRS990ScheduleA/PublicSupportPY509Pct00.99050
IRS990ScheduleA/PublicSupportTotal509Amt0769827
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0154200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0154200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0154200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0154200
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0153027
IRS990ScheduleA/Total509Grp/TotalAmt0769827
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0154326
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0155385
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0155333
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0155913
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0154730
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0775687
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01056825
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01212351
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02269176
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0201354
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt011214
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt011214
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt03261
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1131879
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2109111
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt36995
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH - SECURITY DEPOSIT
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INSURANCE ESCROW
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc3RESIDUAL RECEIPTS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0163000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt13261
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0154326
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANZIATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NON-FOR-PROFIT ENTITY, THE CORPORATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX IF APPLICABLE. IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION 740, INCOME TAXES, THE CORPORATION APPLIES THE MORE LIKELY THAN NOT THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE CORPORATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01068039
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0251246
IRS990ScheduleD/TotalExpensesPerForm990Amt0201354
IRS990ScheduleD/TotalLiabilityAmt0166261
IRS990ScheduleD/TotalRevenuePerForm990Amt0154326
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0154326
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0201354
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S DAY TO DAY OPERATIONS ARE UNDER THE CONTROL OF A THIRD PARTY MANAGEMENT COMPANY WHICH REPORTS DIRECTLY TO THE RECEIVER OF THE SPONSOR ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION'S SPONSOR, PROVIDENCE COMMUNITY ACTION PROGRAM, IS IN RECEIVERSHIP AS IS THE ORGANIZATION. GOVERNANCE DECISIONS ARE THE RESPONSIBILITY OF THE RECEIVER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BECAUSE THE SPONSOR IS IN RECEIVERSHIP, BOARD AND COMMITTEE MEETINGS ARE NO LONGER HELD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S SPONSOR, PROVIDENCE COMMUNITY ACTION PROGRAM (PROCAP) IS IN RECEIVERSHIP. WHEN PROCAP WAS IN OPERATION IT'S CFO REVIEWED THE FORM 990 AS DID THE PRESIDENT OF THE BOARD OF DIRECTORS OF PROCAP HOUSING. POST-RECEIVERSHIP, THE FORM 990 IS REVIEWED BY THE RECEIVER, WHO IS ALSO THE SECRETARY OF THE BOARD OF PROCAP HOUSING, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S SPONSOR, PROVIDENCE COMMUNITY ACTION PROGRAM (PROCAP) IS IN RECEIVERSHIP. WHEN PROCAP WAS IN OPERATION IT REQUIRED ITS BOARD MEMBERS AND THE BOARD MEMBERS OF PROCAP HOUSING, INC. TO DISCLOSE WHEN A CONFLICT OF INTEREST ARISES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DOCUMENTS ARE AVAILABLE UPON REQUEST MADE OF THE RECEIVER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ENTITY LOSS DUE TO RECAPTURE OF RESIDUAL RECEIPTS -4,495.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ORGANIZATION'S SPONSOR, PROVIDENCE COMMUNITY ACTION PROGRAM (PROCAP) IS IN RECEIVERSHIP. WHEN PROCAP WAS IN OPERATION IT'S CFO REVIEWED THE FINANCIAL STATEMENTS AS DID THE PRESIDENT OF THE BOARD OF DIRECTORS OF PROCAP HOUSING. POST-RECEIVERSHIP, THE FINANCIAL STATEMENTS ARE REVIEWED BY THE RECEIVER, WHO IS ALSO THE SECRETARY OF THE BOARD OF PROCAP HOUSING, INC. ANY QUESTIONS OR ISSUES THAT DEVELOP FROM HIS REVIEW ARE THEN DIRECTED TO THE ENTIRE BOARD FOR DISCUSSION. THE RECEIVOR HAS FINAL APPROVAL OF THE FINANCIAL STATEMENTS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PROVIDENCE COMMUNITY ACTION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0050303664
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ANTI-POVERTY AGENCY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0518 HARTFORD AVENUE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0PROVIDENCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0RI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd002909
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01392182
IRS990/TotalAssetsEOYAmt01346312
IRS990/TotalAssetsGrp/BOYAmt01392182
IRS990/TotalAssetsGrp/EOYAmt01346312
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043566
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0157788
IRS990/TotalFunctionalExpensesGrp/TotalAmt0201354
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt02022530
IRS990/TotalLiabilitiesEOYAmt02028183
IRS990/TotalLiabilitiesGrp/BOYAmt02022530
IRS990/TotalLiabilitiesGrp/EOYAmt02028183
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-630348
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-681871
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0157788
IRS990/TotalProgramServiceRevenueAmt0154200
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0126
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0154200
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0154326
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01392182
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01346312
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0518 HARTFORD AVENUE
IRS990/USAddress/CityNm0PROVIDENCE
IRS990/USAddress/StateAbbreviationCd0RI
IRS990/USAddress/ZIPCd002909
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0THOMAS HEMMENDINGER

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,346,312
Liabilities
$2,028,183
Net assets
-$681,871
Revenue
$154,326
Expenses
$201,354
Net income
-$47,028
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.29$2.06$0.77$0.15$0.24$0.09
2023Detailed filing. Detailed filing data is available for this year.$1.35$2.03$0.68$0.15$0.20$0.05
2022Detailed filing. Detailed filing data is available for this year.$1.39$2.02$0.63$0.16$0.18$0.03
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.41$2.01$0.60$0.16$0.22$0.07
2020Detailed filing. Detailed filing data is available for this year.$1.46$2.00$0.54$0.16$0.22$0.06
2019Detailed filing. Detailed filing data is available for this year.$1.52$2.00$0.48$0.15$0.20$0.05
2018Detailed filing. Detailed filing data is available for this year.$1.56$1.98$0.42$0.15$0.19$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.59$1.97$0.39$0.15$0.20$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.62$1.97$0.34$0.15$0.20$0.05
2015Detailed filing. Detailed filing data is available for this year.$1.66$1.96$0.29$0.13$0.22$0.09
2014Detailed filing. Detailed filing data is available for this year.$1.75$1.95$0.20$0.11$0.21$0.10
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.84$1.94$0.10$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.92$1.94$0.02$0.18
2011Summary only. Only limited summary data is available for this year.$1.99$1.94$0.05$0.12$0.19$0.07