VALLEY AFFORDABLE HOUSING CORP: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- VALLEY AFFORDABLE HOUSING CORP (EIN 05-0489479)
- Tax period
- 2024-04-01 to 2025-03-31
- Filed
- 2025-12-02
- IRS object ID
- 202523369349300817
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-12-02T09:13:10-06:00 | ReturnTs |
| Tax Period End | 2025-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 453085083 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAMIANO BURK & NUTTALL PC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6 BLACKSTONE VALLEY PL STE 109 | AddressLine1Txt |
| City | LINCOLN | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02865 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 050489479 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | VALLEY AFFORDABLE HOUSING CORP | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | VALL | BusinessNameControlTxt |
| Phone | 4013342802 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1029 MENDON ROAD | AddressLine1Txt |
| City | CUMBERLAND | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02864 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JEFFREY SWANSON | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 4013342802 | PhoneNum |
| Signature | 2025-11-04 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JASON NUTTALL | PreparerPersonNm |
| PTIN | P00157872 | PTIN |
| Phone | 4013332880 | PhoneNum |
| Preparation | 2025-11-04 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | JEFFREY SWANSON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1029 MENDON ROAD | AddressLine1Txt |
| City | CUMBERLAND | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02864 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $4,875,609 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.VALLEYAFFORDABLE.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1995 | FormationYr |
| Legal Domicile State | RI | LegalDomicileStateCd |
| Activity Or Mission | PROVIDE AFFORDABLE HOUSING THROUGH RENTAL AND/OR DEVELOPMENT. | ActivityOrMissionDesc |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $456,906 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,892,922 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,710,453 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,946,416 | CYProgramServiceRevenueAmt |
| PY Investment Income | -$171,750 | PYInvestmentIncomeAmt |
| CY Investment Income | -$26,531 | CYInvestmentIncomeAmt |
| PY Other Revenue | $919,205 | PYOtherRevenueAmt |
| CY Other Revenue | $3,388 | CYOtherRevenueAmt |
| PY Total Revenue | $3,914,814 | PYTotalRevenueAmt |
| CY Total Revenue | $4,816,195 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,896,763 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,679,753 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,392,806 | PYOtherExpensesAmt |
| CY Other Expenses | $1,362,179 | CYOtherExpensesAmt |
| PY Total Expenses | $3,289,569 | PYTotalExpensesAmt |
| CY Total Expenses | $3,041,932 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $625,245 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $1,774,263 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,787,645 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,628,359 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $3,366,045 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $3,523,281 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $4,421,600 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $6,105,078 | NetAssetsOrFundBalancesEOYAmt |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $2,695,527 | ExpenseAmt |
| Revenue | $2,890,390 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $2,695,527 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | 0 | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | 0 | WhistleblowerPolicyInd |
| Document Retention Policy | 0 | DocumentRetentionPolicyInd |
| Compensation Process CEO | 0 | CompensationProcessCEOInd |
| Compensation Process Other | 0 | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | JEFFREY SWANSON | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4013342802 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1029 MENDON ROAD | AddressLine1Txt |
| City | CUMBERLAND | CityNm |
| State Abbreviation | RI | StateAbbreviationCd |
| ZIP | 02864 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| No Listed Persons Compensated | Yes (X) | NoListedPersonsCompensatedInd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| PAUL GAGNE | ||||||
| PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LISA AUDUETTE | ||||||
| VICE PRESIDENT | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| EDWARD MULHOLLAND | ||||||
| PRESIDENT/TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | Yes (X) |
| PAUL DUMOUCHEL | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| MARYBETH BOIVIN | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| GEORGE GIFFORD | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| DENISE SHAVERS | ||||||
| DIRECTOR | 0.50 | Yes (X) | $0 | $0 | $0 | |
| JEFFREY SWANSON | ||||||
| SECRETARY | 40.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $0 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 0 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | 0 | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $1,892,922 | GovernmentGrantsAmt |
| Total Contributions | $1,892,922 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| RELATED PARTY REIMB | 541610 | $1,281,947 | $1,281,947 |
| RENTAL INCOME | 531110 | $707,657 | $707,657 |
| DEVEL FEE INCOME | 541610 | $492,419 | $492,419 |
| MANAGEMENT FEE INCOME | 541610 | $464,393 | $464,393 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,946,416 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $32,883 | TotalRevenueColumnAmt |
| Exclusion | $32,883 | ExclusionAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | $59,414 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other | -$59,414 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -$59,414 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$59,414 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 541610 | BusinessCd |
| Total Revenue Column | $3,388 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $3,388 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $3,388 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $4,816,195 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,890,390 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $32,883 | ExclusionAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,391,289 | TotalAmt |
| Program Services | $1,210,421 | ProgramServicesAmt |
| Management And General | $180,868 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,978 | TotalAmt |
| Program Services | $152,231 | ProgramServicesAmt |
| Management And General | $22,747 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,486 | TotalAmt |
| Program Services | $98,733 | ProgramServicesAmt |
| Management And General | $14,753 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $82,095 | TotalAmt |
| Program Services | $4,926 | ProgramServicesAmt |
| Management And General | $77,169 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $976 | TotalAmt |
| Program Services | $976 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,979 | TotalAmt |
| Program Services | $34,988 | ProgramServicesAmt |
| Management And General | $34,991 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $124,976 | TotalAmt |
| Program Services | $124,976 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $20,970 | TotalAmt |
| Program Services | $10,485 | ProgramServicesAmt |
| Management And General | $10,485 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $105,600 | TotalAmt |
| Program Services | $105,600 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $116,506 | TotalAmt |
| Program Services | $116,506 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $119,768 | TotalAmt |
| Program Services | $119,768 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| BAD DEBT EXPENSE | $265,000 | $265,000 | |
| DEVELPOMENT COST | $220,251 | $220,251 | |
| RENTAL EXPENSES | $182,278 | $176,886 | $5,392 |
| PAYROLL SERVICE FEES | $32,098 | $32,098 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,682 | TotalAmt |
| Program Services | $21,682 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,041,932 | TotalAmt |
| Program Services | $2,695,527 | ProgramServicesAmt |
| Management And General | $346,405 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,376,649 | BOYAmt |
| EOY | $875,668 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $837,134 | BOYAmt |
| EOY | $1,715,061 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,225,073 | BOYAmt |
| EOY | $1,625,073 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $42,898 | BOYAmt |
| EOY | $37,921 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $4,343,218 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $754,624 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,047,902 | BOYAmt |
| EOY | $3,588,594 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $151,357 | BOYAmt |
| EOY | $1,682,968 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,632 | BOYAmt |
| EOY | $103,074 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,787,645 | BOYAmt |
| EOY | $9,628,359 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $173,779 | BOYAmt |
| EOY | $163,864 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,042,979 | BOYAmt |
| EOY | $2,979,128 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,287 | BOYAmt |
| EOY | $380,289 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,366,045 | BOYAmt |
| EOY | $3,523,281 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,421,600 | BOYAmt |
| EOY | $6,105,078 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,421,600 | BOYAmt |
| EOY | $6,105,078 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,787,645 | BOYAmt |
| EOY | $9,628,359 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $1,774,263 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$90,785 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org509a2 | Yes (X) | PubliclySupportedOrg509a2Ind |
Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $456,906 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,892,922 | CurrentTaxYearAmt |
| Total | $2,349,828 | TotalAmt |
Gross Receipts Admissions GrossReceiptsAdmissionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,229,387 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,600,678 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,063,975 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,519,506 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,876,416 | CurrentTaxYearAmt |
| Total | $13,289,962 | TotalAmt |
Total509 Total509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,229,387 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,600,678 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,063,975 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,976,412 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $4,769,338 | CurrentTaxYearAmt |
| Total | $15,639,790 | TotalAmt |
Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Substantial Contributors Amt SubstantialContributorsAmtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total509 | $15,639,790 | PublicSupportTotal509Amt |
Gross Investment Income509 GrossInvestmentIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $441 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $102 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $400 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,197 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,883 | CurrentTaxYearAmt |
| Total | $53,023 | TotalAmt |
Investment Income And UBTI InvestmentIncomeAndUBTIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $441 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $102 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $400 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $19,197 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $32,883 | CurrentTaxYearAmt |
| Total | $53,023 | TotalAmt |
Other Income509 OtherIncome509Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $4,634 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $373,047 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $9,415 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $919,205 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,115,627 | CurrentTaxYearAmt |
| Total | $6,421,928 | TotalAmt |
Total Support Calendar Year TotalSupportCalendarYearGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,234,462 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,973,827 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,073,790 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $3,914,814 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,917,848 | CurrentTaxYearAmt |
| Total | $22,114,741 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support CY509 | 0.70720 | PublicSupportCY509Pct |
| Public Support PY509 | 0.90730 | PublicSupportPY509Pct |
| Investment Income CY | 0.00240 | InvestmentIncomeCYPct |
| Investment Income PY | 0.00150 | InvestmentIncomePYPct |
| Thirty Thr Pct Suprt Tests CY509 | Yes (X) | ThirtyThrPctSuprtTestsCY509Ind |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $163,210 | OtherCostOrOtherBasisAmt |
| Book Value | $163,210 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $4,024,491 | OtherCostOrOtherBasisAmt |
| Depreciation | $632,087 | DepreciationAmt |
| Book Value | $3,392,404 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $155,517 | OtherCostOrOtherBasisAmt |
| Depreciation | $122,537 | DepreciationAmt |
| Book Value | $32,980 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $3,588,594 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENTS IN LIMITED PARTNERSHIPS | Desc |
| Book Value | $1,682,968 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $1,682,968 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED DEVELOPER FEE | $346,246 |
| SECURITY DEPOSITS | $32,627 |
| PREPAID RENTS | $1,416 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $380,289 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $4,816,195 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $4,816,195 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $4,816,195 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,041,932 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,041,932 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,041,932 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | 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, 2025. GENERALLY, THE PAST THREE YEARS OF TAX RETURNS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, YEARS PRIOR TO 2021 ARE CLOSED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 XI, LINE 9: | PRIOR COST BASIS IN RIVERSIDE REMOVED FROM CONSOLIDATION -90,785. |
| FORM 990 PART XII LINE 2C | THERE HAVE BEEN NO CHANGES TO THE AUDITOR SELECTION PROCESS OR OVERSIGHT PROCESS DURING THE CURRENT YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| 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 |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (7 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|
| MAIN STREET PHASE III LP | |||||||||
| 1029 MENDON ROAD | CUMBERLAND | RI | 02864 | LOW INCOME HOUSING | RI | MAIN STREET PHASE III DEVEL CORP | RELATED | 0 | Yes (1) |
| FACTORY STREET LP | |||||||||
| 1029 MENDON ROAD | CUMBERLAND | RI | 02864 | LOW INCOME HOUSING | RI | FACTORY STREET DEVEL CORP | RELATED | 0 | Yes (1) |
| LINCOLN VILLAGE LP | |||||||||
| 1029 MENDON ROAD | CUMBERLAND | RI | 02864 | LOW INCOME HOUSING | RI | LINCOLN VILLAGE DEVEL CORP | RELATED | 0 | Yes (1) |
| WOODWARD STREET LP | |||||||||
| 1029 MENDON ROAD | CUMBERLAND | RI | 02864 | LOW INCOME HOUSING | RI | WOODWARD ST DEVEL CORP | RELATED | 0 | Yes (1) |
| RIVERSIDE VILLAGE LP | |||||||||
| 1029 MENDON ROAD | CUMBERLAND | RI | 02864 | LOW INCOME HOUSING | RI | RIVERSIDE VILLAGE DEVEL CORP | RELATED | 0 | Yes (1) |
| BEACON STREET LP | |||||||||
| 1029 MENDON ROAD | CUMBERLAND | RI | 02864 | LOW INCOME HOUSING | RI | BEACON STREET DEVEL CORP | RELATED | 0 | Yes (1) |
| ASHTON VILLAGE LP | |||||||||
| 1029 MENDON ROAD | CUMBERLAND | RI | 02864 | LOW INCOME HOUSING | RI | ASHTON VILLAGE DEVEL CORP | RELATED | 0 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (18 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| BEACON STREET LP | ||
| L | $35,431 | COST |
| BEACON STREET LP | ||
| O | $81,449 | COST |
| WOODWARD STREET LP | ||
| L | $31,350 | COST |
| WOODWARD STREET LP | ||
| O | $146,845 | COST |
| LINCOLN VILLAGE LP | ||
| L | $21,582 | COST |
| LINCOLN VILLAGE LP | ||
| O | $76,897 | COST |
| MANVILLE HOUSING CORP | ||
| L | $41,101 | COST |
| MANVILLE HOUSING CORP | ||
| O | $81,480 | COST |
| HANCOCK ESTATES CORP | ||
| L | $57,718 | COST |
| HANCOCK ESTATES CORP | ||
| O | $99,077 | COST |
| JENKS MILL HOUSING CORP | ||
| L | $54,474 | COST |
| JENKS MILL HOUSING CORP | ||
| O | $120,674 | COST |
| RIVERSIDE VILLAGE LP | ||
| L | $84,528 | COST |
| RIVERSIDE VILLAGE LP | ||
| O | $191,517 | COST |
| ASHTON VILLAGE LP | ||
| L | $39,483 | COST |
| ASHTON VILLAGE LP | ||
| O | $116,133 | COST |
| LANGFORD ESTATES | ||
| L | $33,152 | COST |
| LANGFORD ESTATES | ||
| O | $77,968 | COST |