Civic Intelligence

Wood Street Cooperative

EIN 83-4653994 • 501(c)3 • Providence, RI

Pub. 78 Eligible

Profile

The wood street cooperative is organized for the purpose of providing affordable low-income housing.

156 Wood StreetProvidence, RI 02909

n/A

Siviq Scores

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

Liabilities / Assets

93rd percentile

1.01x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

5.10x

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

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

29th percentile

-11%

Higher net margin than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

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

501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

46th percentile

-4.8%

Faster asset growth than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

44th percentile

-8.3%

Faster revenue growth than 44% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Down

$241,283

Down $12,135 (-4.8%) from 2021

Liabilities

Down

$243,812

Down $6,686 (-2.7%) from 2021

Net Assets

Down

-$2,529

Down $5,449 (-187%) from 2021

Revenue

Down

$47,773

Down $4,311 (-8.3%) from 2021

Expenses

Down

$53,222

Down $8,693 (-14%) from 2021

Net Income

Up

-$5,449

Up $4,382 (+45%) from 2021

Trend Graphs

Balance Sheet Trend

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

$300K$200K$100K$0-$100KAssets 2019: $23,133Liabilities 2019: $9,6902019Assets 2020: $280,747Liabilities 2020: $262,724Net Assets 2020: $18,0232020Assets 2021: $253,418Liabilities 2021: $250,498Net Assets 2021: $2,9202021Assets 2022: $241,283Liabilities 2022: $243,812Net Assets 2022: -$2,5292022

Highlighted filing

2022

Assets$241,283
Liabilities$243,812
Net Assets-$2,529

Operations Trend

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

$100K$50K$0-$50KRevenue 2019: $76,303Expenses 2019: $62,860Net Income 2019: $13,4432019Revenue 2020: $60,099Expenses 2020: $50,732Net Income 2020: $9,3672020Revenue 2021: $52,084Expenses 2021: $61,915Net Income 2021: -$9,8312021Revenue 2022: $47,773Expenses 2022: $53,222Net Income 2022: -$5,4492022

Highlighted filing

2022

Revenue$47,773
Expenses$53,222
Net Income-$5,449

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 4, 2023
Return Version
2022v5.0
Gross Receipts
$47,773
Mission and Program Overview

Mission

The wood street cooperative is organized for the purpose of providing affordable low-income housing.

Program Services

DescriptionGrantsExpenses
THE WOOD STREET COOPERATIVE IS A CREATIVE PLACE-BASED PROJECT THAT PROVIDES AFFORDABLE AND HIGH QUALITY HOUSING AND FOOD WHILE ENGAGING LOCAL PARTICIPATION AND CREATING AN INCLUSIVE GATHERING PACE IN ORDER TO BUILD COMMUNITY AROUND SHARED FOOD AND COOPERATIVE HOUSING.$0$51,717
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
EVAN MCMANAMYDirector-$0--
ALEXANDER JAMESPresident And Treasurer-$0--
ELIZA COHENSecretary And Director-$0--
CHARLOTTE MERRICKSecretary And Director-$0--
Filing and Contact Details

Filer

Filer Name
Wood Street Cooperative
EIN
83-4653994
Phone
4012809529
Address
156 WOOD STREET, PROVIDENCE, RI 02909

Signing Officer

Name
Alexander James
Title
Treasurer
Phone
4012809529
Signed
2023-10-04
Discuss with paid preparer
Yes

Preparer

Firm
Wegner Cpas Llp
Address
2921 LANDMARK PL STE 300, MADISON, WI 53713-4236
Preparer
Bruce Mayer CPA
Phone
6082744020
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 4 - Other Investment Income

Description: interest. Amount: 1. Total to form 990-ez, line 14: 44,731.

Form 990-ez, Part I, Line 8 - Other Revenue

Description: other revenue. Amount: 1,499.

Form 990-ez, Part I, Line 14

Description: depreciation. Amount: 8,168. Description: other expenses. Amount: 36,563.

Form 990-ez, Part I, Line 16 - Other Expenses

Description: food. Amount: 6,360. Description: supplies. Amount: 626. Description: miscellaneous expenses. Amount: 218. Total to form 990-ez, line 16: 7,204.

Form 990-ez, Part II, Line 24 - Other Assets

Description: accounts receivable. Beg. Of year amount: 815. End of year amount: 933.

Form 990-ez, Part II, Line 26 - Other Liabilities

Description: loans payable to cooperative members. Beg. Of year amount: 11,005. End of year amount: 8,000. Description: secured mortgage payable to third party. Beg. Of year amount: 239,493. End of year amount: 235,812.

Raw XML Appendix179 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: INTEREST. AMOUNT: 1. TOTAL TO FORM 990-EZ, LINE 14: 44,731.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: OTHER REVENUE. AMOUNT: 1,499.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: DEPRECIATION. AMOUNT: 8,168. DESCRIPTION: OTHER EXPENSES. AMOUNT: 36,563.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: FOOD. AMOUNT: 6,360. DESCRIPTION: SUPPLIES. AMOUNT: 626. DESCRIPTION: MISCELLANEOUS EXPENSES. AMOUNT: 218. TOTAL TO FORM 990-EZ, LINE 16: 7,204.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 815. END OF YEAR AMOUNT: 933.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5DESCRIPTION: LOANS PAYABLE TO COOPERATIVE MEMBERS. BEG. OF YEAR AMOUNT: 11,005. END OF YEAR AMOUNT: 8,000. DESCRIPTION: SECURED MORTGAGE PAYABLE TO THIRD PARTY. BEG. OF YEAR AMOUNT: 239,493. END OF YEAR AMOUNT: 235,812.
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TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-29
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ReturnHeader/ReturnTs02023-10-05T16:33:06-05:00
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ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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