2019-02-11T11:45:40-06:00 2018-03-31 453085083 DAMIANO BURK & NUTTALL PC 6 BLACKSTONE VALLEY PL STE 109 LINCOLN RI 02865 990 2017-04-01 050489479 VALLEY AFFORDABLE HOUSING CORP VALL 4013342802 1029 MENDON ROAD CUMBERLAND RI 02864 PETER BOUCHARD EXEC DIRECTOR 4013342802 2019-01-24 1 JEREMY COLE P00436330 4013332880 2019-01-24 68.15.38.85 2019-01-24 19:46:01 ES P 79CF0D8E212DC8D4AAE718658C5A385F18C44DE7 1B21C529AEB2649CB0DE237D6C4B13037F351E23 2017 2019-02-21 02:37:17Z PETER BOUCHARD 1029 MENDON ROAD CUMBERLAND RI 02864 2056852 0 X WWW.VALLEYAFFORDABLE.ORG X 1995 RI PROVIDE AFFORDABLE HOUSING THROUGH RENTAL AND/OR DEVELOPMENT. 7 7 15 0 1657 0 0 0 2471173 2053917 1420 1657 1102 1278 2473695 2056852 0 0 0 0 1472921 1476544 0 0 0 510553 617267 1983474 2093811 490221 -36959 4805058 4679984 1898905 1810790 2906153 2869194 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 1812520 2055195 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. 1812520 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 1 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 X 7 7 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 JOANNE BUTTIE DIRECTOR 0.50 X 0 0 0 JOHN MACQUEEN JR DIRECTOR 0.50 X 0 0 0 JOSEPH LAMAGNA CHAIRPERSON 1.00 X X 0 0 0 ESTHER LAVALLEE DIRECTOR 0.50 X 0 0 0 KENNETH ANDERSON DIRECTOR 0.50 X 0 0 0 RICHARD BESSETT DIRECTOR 0.50 X 0 0 0 EDWARD MULHOLLAND VICE CHAIRPERSON 1.00 X 0 0 0 PETER BOUCHARD EXECUTIVE DIRECTOR 40.00 X 155000 0 0 155000 0 0 1 0 1 0 0 RELATED PARTY REIMB 541610 1202374 1202374 RENTAL INCOME 531110 378251 378251 MANAGEMENT FEE INCOME 541610 328867 328867 DEVEL FEE INCOME 541610 144425 144425 2053917 1657 1657 MISCELLANEOUS 541610 1509 1509 LOSS FROM PARTNERSHIPS 541610 -231 -231 1278 2056852 2055195 1657 0 155000 155000 1007944 1007944 207068 179469 27599 106532 92333 14199 6606 6606 41972 41972 39 39 63623 31811 31812 12242 12242 8646 8646 21418 10709 10709 5056 5056 75480 75480 95453 95453 59728 59728 RENTAL EXPENSES 174624 174624 PAYROLL SERVICE FEES 27154 27154 BAD DEBT EXPENSE 18524 18524 MISC EXPENSES 6616 6616 86 86 2093811 1812520 281291 0 725043 677866 457905 431579 506502 506502 17848 22023 3807725 881771 2981240 2925954 112418 112187 4102 3873 4805058 4679984 118823 64123 1650239 1615574 129843 131093 1898905 1810790 X 2906153 2869194 2906153 2869194 4805058 4679984 -36959 0 X 0 1 X 1 0 X 2259345 2665435 2158204 2472275 2055195 11610454 2259345 2665435 2158204 2472275 2055195 11610454 0 0 0 11610454 36 20 19 1420 1657 3152 36 20 19 1420 1657 3152 10299 5679 1531 1102 1278 19889 2269680 2671134 2159754 2474797 2058130 11633495 0.99800 0.99640 0.00030 0.00020 X 436700 436700 3192989 717701 2475288 178036 164070 13966 2925954 DEFERRED DEVELOPER FEE 110746 SECURITY DEPOSITS 20347 131093 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, 2018. GENERALLY, THE PAST THREE YEARS OF TAX RETURNS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, YEARS PRIOR TO 2015 ARE CLOSED. X X X 0 0 0 0 0 0 0 0 0 PETER BOUCHARD EXECUTIVE DIRECTOR 155000 0 0 0 0 0 0 0 0 0 155000 0 0 0 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. 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