2023-02-16T12:53:50-06:00 2022-03-31 453085083 DAMIANO BURK & NUTTALL PC 6 BLACKSTONE VALLEY PL STE 109 LINCOLN RI 02865 990 2021-04-01 050489479 VALLEY AFFORDABLE HOUSING CORP VALL 4013342802 1029 MENDON ROAD CUMBERLAND RI 02864 PETER BOUCHARD CEO 4013342802 2023-02-14 1 PETER BOUCHARD 999009999 JEREMY COLE P00436330 4013332880 2023-02-14 3 AAL1 IAL1 2021 2023-03-07 01:45:13Z PETER BOUCHARD 1029 MENDON ROAD CUMBERLAND RI 02864 2973827 0 X WWW.VALLEYAFFORDABLE.ORG X 1995 RI PROVIDE AFFORDABLE HOUSING THROUGH RENTAL AND/OR DEVELOPMENT. 9 9 15 0 0 0 0 0 2151339 2600678 78489 102 4634 373047 2234462 2973827 0 0 0 0 1583604 1695779 0 0 0 622338 789878 2205942 2485657 28520 488170 5613097 7315317 2548354 3762402 3064743 3552915 PROVIDES SERVICES IN ORDER TO IMPROVE THE HOUSING STOCK, ASSIST INDIVIDUALS TO BECOME HOMEOWNERS, AND PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE WITH THE STATE OF RHODE ISLAND. 0 0 2160717 2973725 PROVIDES SERVICES IN ORDER TO IMPROVE THE HOUSING STOCK, ASSIST INDIVIDUALS TO BECOME HOMEOWNERS, AND PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE WITH THE STATE OF RHODE ISLAND. 2160717 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 15 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 X PETER BOUCHARD 4013342802 1029 MENDON ROAD CUMBERLAND RI 02864 X JOHN GORDAN DIRECTOR 0.50 X 0 0 0 EUGENE MCMAHON DIRECTOR 0.50 X 0 0 0 JOANNE BUTTIE DIRECTOR 0.50 X 0 0 0 JOHN MACQUEEN JR DIRECTOR 0.50 X 0 0 0 LISA AUDUETTE DIRECTOR 0.50 X 0 0 0 EDWARD WOOD DIRECTOR 0.50 X 0 0 0 RICHARD HILTON DIRECTOR 0.50 X 0 0 0 EDWARD MULHOLLAND VICE PRESIDENT 1.00 X X 0 0 0 JOSEPH LAMAGNA PRESIDENT/TREASURER 1.00 X X 0 0 0 PETER BOUCHARD SECRETARY 40.00 X 0 0 0 0 0 0 0 0 0 0 0 RELATED PARTY REIMB 541610 1361860 1361860 RENTAL INCOME 531110 579667 579667 MANAGEMENT FEE INCOME 541610 376507 376507 DEVEL FEE INCOME 541610 282644 282644 2600678 102 102 MISCELLANEOUS 541610 373047 373047 373047 2973827 2973725 0 102 1416786 1236818 179968 157331 137345 19986 121662 106207 15455 74581 4353 70228 590 590 47604 23802 23802 129655 129655 14652 7326 7326 85381 85381 137836 137836 76070 76070 RENTAL EXPENSES 170592 162417 8175 PAYROLL SERVICE FEES 37145 37145 MISC EXPENSES 13446 13446 DEVELPOMENT COST 2050 2050 276 276 2485657 2160717 324940 0 978240 870321 582442 1231011 506502 506502 31226 43404 5497754 1093811 3290865 4403943 111819 153758 112003 106378 5613097 7315317 107387 164266 2300358 3437525 140609 160611 2548354 3762402 X 3064743 3552915 3064743 3552915 5613097 7315317 488170 0 X X 0 1 X 1 0 X 2055195 2315844 2296406 2229387 2600678 11497510 2055195 2315844 2296406 2229387 2600678 11497510 0 0 0 11497510 1657 1148 1133 441 102 4481 1657 1148 1133 441 102 4481 1278 1910 17725 4634 373047 398594 2058130 2318902 2315264 2234462 2973827 11900585 0.96610 0.99720 0.00040 0.00050 X 260936 260936 5126936 966875 4160061 109882 126936 -17054 4403943 DEFERRED DEVELOPER FEE 110746 SECURITY DEPOSITS 41979 PREPAID RENTS 7886 160611 X 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 ORGANIZATION 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 ORGANIZATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE ORGANIZATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT MARCH 31, 2022. GENERALLY, THE PAST THREE YEARS OF TAX RETURNS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, YEARS PRIOR TO 2018 ARE CLOSED. 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. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION PROCESS OR OVERSIGHT PROCESS DURING THE CURRENT YEAR. HANCOCK ESTATES CORP 1029 MENDON ROAD CUMBERLAND RI 02864 050508939 ELDERLY LOW INCOME HOUSING RI 501C ACTIVE 0 JENKS MILL HOUSING CORP 1029 MENDON ROAD CUMBERLAND RI 02864 061477231 ELDERLY LOW INCOME HOUSING RI 501C ACTIVE 0 MANVILLE HILL HOUSING CORP 1029 MENDON ROAD CUMBERLAND RI 02864 261995944 ELDERLY LOW INCOME HOUSING RI 501C ACTIVE 0 WINSLOW HOUSING CORP 1029 MENDON ROAD CUMBERLAND RI 02864 205984006 AFFORDABLE HOUSING DEVELOPMENT RI 501C ACTIVE 0 MAIN STREET PHASE III LP 1029 MENDON ROAD CUMBERLAND RI 02864 LOW INCOME HOUSING RI MAIN STREET PHASE III DEVEL CORP RELATED 0 1 FACTORY STREET LP 1029 MENDON ROAD CUMBERLAND RI 02864 LOW INCOME HOUSING RI FACTORY STREET DEVEL CORP RELATED 0 1 LINCOLN VILLAGE LP 1029 MENDON ROAD CUMBERLAND RI 02864 LOW INCOME HOUSING RI LINCOLN VILLAGE DEVEL CORP RELATED 0 1 WOODWARD STREET LP 1029 MENDON ROAD CUMBERLAND RI 02864 LOW INCOME HOUSING RI WOODWARD ST DEVEL CORP RELATED 0 1 RIVERSIDE VILLAGE LP 1029 MENDON ROAD CUMBERLAND RI 02864 LOW INCOME HOUSING RI RIVERSIDE VILLAGE DEVEL CORP RELATED 0 1 BEACON STREET LP 1029 MENDON ROAD CUMBERLAND RI 02864 LOW INCOME HOUSING RI BEACON STREET DEVEL CORP RELATED 0 1 ASHTON VILLAGE LP 1029 MENDON ROAD CUMBERLAND RI 02864 LOW INCOME HOUSING RI ASHTON VILLAGE DEVEL CORP RELATED 0 1 LANGFORD ESTATES LP 1029 MENDON ROAD CUMBERLAND RI 02864 LOW INCOME HOUSING RI LANGFORD DEVELOPMENT CORP RELATED 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 BEACON STREET LP L 31587 COST BEACON STREET LP O 110259 COST FACTORY STREET LP L 20994 COST FACTORY STREET LP O 117727 COST MAIN STREET III LP L 22751 COST MAIN STREET III LP O 115408 COST WOODWARD STREET LP L 28297 COST WOODWARD STREET LP O 120545 COST LINCOLN VILLAGE LP L 17699 COST LINCOLN VILLAGE LP O 99677 COST MANVILLE HOUSING CORP L 36570 COST MANVILLE HOUSING CORP O 86041 COST HANCOCK ESTATES CORP L 41872 COST HANCOCK ESTATES CORP O 95126 COST JENKS MILL HOUSING CORP L 39560 COST JENKS MILL HOUSING CORP O 116686 COST RIVERSIDE VILLAGE LP L 72054 COST RIVERSIDE VILLAGE LP O 223408 COST LANGFORD ESTATES LP L 13136 COST LANGFORD ESTATES LP O 62828 COST ASHTON VILLAGE LP L 33712 COST ASHTON VILLAGE LP O 145079 COST