2025-12-02T09:13:10-06:00 2025-03-31 453085083 DAMIANO BURK & NUTTALL PC 6 BLACKSTONE VALLEY PL STE 109 LINCOLN RI 02865 990 2024-04-01 050489479 VALLEY AFFORDABLE HOUSING CORP VALL 4013342802 1029 MENDON ROAD CUMBERLAND RI 02864 JEFFREY SWANSON CEO 4013342802 2025-11-04 1 1 JASON NUTTALL P00157872 4013332880 2025-11-04 2024 2025-03-06 01:10:19Z JEFFREY SWANSON 1029 MENDON ROAD CUMBERLAND RI 02864 4875609 0 X WWW.VALLEYAFFORDABLE.ORG X 1995 RI PROVIDE AFFORDABLE HOUSING THROUGH RENTAL AND/OR DEVELOPMENT. 9 9 0 0 0 0 456906 1892922 2710453 2946416 -171750 -26531 919205 3388 3914814 4816195 0 0 0 0 1896763 1679753 0 0 0 1392806 1362179 3289569 3041932 625245 1774263 7787645 9628359 3366045 3523281 4421600 6105078 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 2695527 2890390 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. 2695527 1 0 0 0 0 0 0 0 0 0 1 0 1 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 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 PAUL GAGNE PRESIDENT 1.00 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 PAUL DUMOUCHEL DIRECTOR 0.50 X 0 0 0 MARYBETH BOIVIN DIRECTOR 0.50 X 0 0 0 GEORGE GIFFORD DIRECTOR 0.50 X 0 0 0 DENISE SHAVERS DIRECTOR 0.50 X 0 0 0 JEFFREY SWANSON SECRETARY 40.00 X 0 0 0 0 0 0 0 0 0 0 0 1892922 1892922 RELATED PARTY REIMB 541610 1281947 1281947 RENTAL INCOME 531110 707657 707657 DEVEL FEE INCOME 541610 492419 492419 MANAGEMENT FEE INCOME 541610 464393 464393 2946416 32883 32883 59414 -59414 -59414 -59414 MISCELLANEOUS 541610 3388 3388 3388 4816195 2890390 0 32883 1391289 1210421 180868 174978 152231 22747 113486 98733 14753 82095 4926 77169 976 976 69979 34988 34991 124976 124976 20970 10485 10485 105600 105600 116506 116506 119768 119768 BAD DEBT EXPENSE 265000 265000 DEVELPOMENT COST 220251 220251 RENTAL EXPENSES 182278 176886 5392 PAYROLL SERVICE FEES 32098 32098 21682 21682 3041932 2695527 346405 0 1376649 875668 837134 1715061 1225073 1625073 42898 37921 4343218 754624 4047902 3588594 151357 1682968 106632 103074 7787645 9628359 173779 163864 3042979 2979128 149287 380289 3366045 3523281 X 4421600 6105078 4421600 6105078 7787645 9628359 X 1774263 -90785 X X 0 1 X 1 1 1 X 456906 1892922 2349828 2229387 2600678 3063975 2519506 2876416 13289962 2229387 2600678 3063975 2976412 4769338 15639790 0 0 0 15639790 441 102 400 19197 32883 53023 441 102 400 19197 32883 53023 4634 373047 9415 919205 5115627 6421928 2234462 2973827 3073790 3914814 9917848 22114741 0.70720 0.90730 0.00240 0.00150 X 163210 163210 4024491 632087 3392404 155517 122537 32980 3588594 INVESTMENTS IN LIMITED PARTNERSHIPS 1682968 C 1682968 DEFERRED DEVELOPER FEE 346246 SECURITY DEPOSITS 32627 PREPAID RENTS 1416 380289 X 4816195 0 4816195 0 4816195 3041932 0 3041932 0 3041932 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, 2025. GENERALLY, THE PAST THREE YEARS OF TAX RETURNS ARE OPEN FOR EXAMINATION BY TAXING AUTHORITIES, YEARS PRIOR TO 2021 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 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. 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 0 0 0 BEACON STREET LP L 35431 COST BEACON STREET LP O 81449 COST WOODWARD STREET LP L 31350 COST WOODWARD STREET LP O 146845 COST LINCOLN VILLAGE LP L 21582 COST LINCOLN VILLAGE LP O 76897 COST MANVILLE HOUSING CORP L 41101 COST MANVILLE HOUSING CORP O 81480 COST HANCOCK ESTATES CORP L 57718 COST HANCOCK ESTATES CORP O 99077 COST JENKS MILL HOUSING CORP L 54474 COST JENKS MILL HOUSING CORP O 120674 COST RIVERSIDE VILLAGE LP L 84528 COST RIVERSIDE VILLAGE LP O 191517 COST ASHTON VILLAGE LP L 39483 COST ASHTON VILLAGE LP O 116133 COST LANGFORD ESTATES L 33152 COST LANGFORD ESTATES O 77968 COST