2025-02-12T14:09:46-06:00 2024-03-31 453085083 DAMIANO BURK & NUTTALL PC 6 BLACKSTONE VALLEY PL STE 109 LINCOLN RI 02865 990 2023-04-01 050489479 VALLEY AFFORDABLE HOUSING CORP VALL 4013342802 1029 MENDON ROAD CUMBERLAND RI 02864 JEFFREY SWANSON CEO 4013342802 2025-01-28 1 1 JASON NUTTALL P00157872 4013332880 2025-01-28 2023 2025-03-06 01:10:19Z JEFFREY SWANSON 1029 MENDON ROAD CUMBERLAND RI 02864 4530585 0 X WWW.VALLEYAFFORDABLE.ORG X 1995 RI PROVIDE AFFORDABLE HOUSING THROUGH RENTAL AND/OR DEVELOPMENT. 9 9 28 0 0 0 0 456906 3073790 2710453 400 -171750 9415 919205 3083605 3914814 0 0 0 0 1917555 1896763 0 0 0 922611 1392805 2840166 3289568 243439 625246 7483906 7787645 3687552 3366045 3796354 4421600 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 2971393 3438711 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. 2971393 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 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 1 0 0 0 1 0 0 28 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 JEFFREY SWANSON 4013342802 1029 MENDON ROAD CUMBERLAND RI 02864 X DAN OUELLETTE 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 EDWARD WOOD DIRECTOR 0.50 X 0 0 0 PAUL GAGNE DIRECTOR 0.50 X 0 0 0 LISA AUDUETTE VICE PRESIDENT 1.00 X X 0 0 0 EDWARD MULHOLLAND 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 456906 456906 RELATED PARTY REIMB 541610 1539071 1539071 RENTAL INCOME 531110 634201 634201 MANAGEMENT FEE INCOME 541610 441380 441380 DEVEL FEE INCOME 541610 95801 95801 2710453 19197 19197 424824 615771 -190947 -190947 -190947 MISCELLANEOUS 541610 919205 919205 919205 3914814 3438711 0 19197 1550703 1339410 211293 209786 176568 33218 136274 113032 23242 27188 27188 76491 76491 2912 2912 60561 30281 30280 122683 122683 19771 9886 9885 96072 96072 113649 113649 101436 101436 BAD DEBT EXPENSE 392982 392982 DEVELPOMENT COST 187972 187972 RENTAL EXPENSES 150769 140512 10257 PAYROLL SERVICE FEES 28263 28263 12056 12056 3289568 2971393 318175 0 687219 1376649 1689196 837134 506502 1225073 32249 42898 4686020 638118 4305179 4047902 152564 151357 110997 106632 7483906 7787645 245355 173779 3283989 3042979 158208 149287 3687552 3366045 X 3796354 4421600 3796354 4421600 7483906 7787645 625246 0 X X 0 1 X 1 1 1 X 456906 456906 2296406 2229387 2600678 3063975 2519506 12709952 2296406 2229387 2600678 3063975 2976412 13166858 0 0 0 13166858 1133 441 102 400 19197 21273 1133 441 102 400 19197 21273 17725 4634 373047 9415 919205 1324026 2315264 2234462 2973827 3073790 3914814 14512157 0.90730 0.96830 0.00150 0.00020 X 620794 620794 3926954 522853 3404101 138272 115265 23007 4047902 DEFERRED DEVELOPER FEE 110746 SECURITY DEPOSITS 33827 PREPAID RENTS 4714 149287 X 3914814 0 3914814 0 3914814 3289568 0 3289568 0 3289568 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, 2024. GENERALLY, THE PAST THREE YEARS OF TAX RETURNS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, YEARS PRIOR TO 2020 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 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 BEACON STREET LP L 35620 COST BEACON STREET LP O 155525 COST FACTORY STREET LP L 8389 COST FACTORY STREET LP O 35242 COST MAIN STREET III LP L 8424 COST MAIN STREET III LP O 24285 COST WOODWARD STREET LP L 30579 COST WOODWARD STREET LP O 144715 COST LINCOLN VILLAGE LP L 19546 COST LINCOLN VILLAGE LP O 72878 COST MANVILLE HOUSING CORP L 41083 COST MANVILLE HOUSING CORP O 90811 COST HANCOCK ESTATES CORP L 53361 COST HANCOCK ESTATES CORP O 120467 COST JENKS MILL HOUSING CORP L 53868 COST JENKS MILL HOUSING CORP O 146364 COST RIVERSIDE VILLAGE LP L 81720 COST RIVERSIDE VILLAGE LP O 219135 COST ASHTON VILLAGE LP L 38317 COST ASHTON VILLAGE LP O 144730 COST LANGFORD ESTATES L 30972 COST LANGFORD ESTATES O 112782 COST