2024-11-15T10:34:19-06:00 2023-12-31 221478099 COHNREZNICK LLP 350 GRANITE STREET SUITE 1200 BRAINTREE MA 02184 990 2023-01-01 223010422 OLNEYVILLE HOUSING CORPORATION OLNE 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 THOMAS CALLAHAN INTERIM PRESIDENT & CEO 4013518719 2024-11-14 1 1 JOLANTA TUCK CPA P01340068 7813803520 2024-11-14 2023 2024-10-15 13:58:12Z ONE NEIGHBORHOOD BUILDERS THOMAS CALLAHAN 66 CHAFFEE STREET PROVIDENCE RI 02909 10936227 0 X HTTPS://ONENEIGHBORHOODBUILDERS.ORG X 1988 RI HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS 12 12 41 12 0 0 7287143 9809523 1683727 985894 11996 125662 216025 15148 9198891 10936227 1402880 870314 0 0 2305470 2760132 0 0 0 3376543 2526212 7084893 6156658 2113998 4779569 16065797 25876696 7859058 13582928 8206739 12293768 X ONE NEIGHBORHOOD BUILDERS (ONE/NB) IS A COMMUNITY DEVELOPMENT ORGANIZATION WITH A MISSION TO PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY. WE ACCOMPLISH OUR MISSION THROUGH: STRATEGIC REAL ESTATE DEVELOPMENT WITHIN RHODE ISLAND TO INCREASE THE AVAILABILITY OF AFFORDABLE HOMES, SPUR ECONOMIC DEVELOPMENT, AND PROTECT OUR NATURAL RESOURCES; ENGAGEMENT OF PROVIDENCE RESIDENTS AND COMMUNITY-BASED ORGANIZATIONS TO BUILD TRUST AND COLLECTIVE PROBLEM-SOLVING; DEVELOPMENT OF INDIVIDUALS' FINANCIAL CAPABILITIES SO THAT THEY MAY REALIZE THEIR PERSONAL ASSET-BUILDING GOALS. 0 0 1399929 870314 1001042 REAL ESTATE DEVELOPMENT AND ASSET MANAGEMENT: SINCE 1988, ONB HAS DEVELOPED OVER 600 AFFORDABLE RESIDENTIAL UNITS AND NEARLY 45,000 SQUARE FEET OF COMMERCIAL AND COMMUNITY SPACE, INVESTING OVER $142 MILLION IN HISTORICALLY DISINVESTED COMMUNITIES ACROSS RHODE ISLAND. THE AGENCY PRESENTLY OWNS AND MANAGES MORE THAN 450 RESIDENT UNITS, PROVIDING HIGH-QUALITY, DEED-RESTRICTED AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR INDIVIDUALS AND FAMILIES WITH LOW-INCOMES, INCLUDING THOSE WHO HAVE PREVIOUSLY EXPERIENCED HOMELESSNESS. 3062408 COMMUNITY BUILDING: ONB LEADS THE CENTRAL PROVIDENCE OPPORTUNITIES HEALTH EQUITY ZONE (CPO-HEZ) A PLACE-BASED COLLECTIVE IMPACT INITIATIVE WORKING TOWARD GREATER HEALTH AND ECONOMIC EQUITY WITHIN THE NINE NEIGHBORHOODS THAT COMPRISE THE 02908 AND 02909 ZIP CODES OF PROVIDENCE. CPO-HEZ HAS IDENTIFIED SPECIFIC STRATEGIES TO ADDRESS COMMUNITY NEEDS INCLUDING HEALTH, HOUSING, EDUCATION, AND ECONOMIC MOBILITY. 4462337 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 51 0 1 41 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 1 1 X TONYA JOHNSON 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 LORRAINE LALLI CHAIR 2.00 X X 0 0 0 EVELYN RANONE VICE- CHAIR 2.00 X X 0 0 0 ROCHELLE LEE SECRETARY 2.00 X X 0 0 0 DOMENIC DELMONICO TREASURER 2.00 X X 0 0 0 XANDER MARRO DIRECTOR 1.00 X 0 0 0 ELIZABETH HOWLETT DIRECTOR 1.00 X 0 0 0 KEVIN ESSINGTON DIRECTOR 1.00 X 0 0 0 LAUREN GREENE DIRECTOR 1.00 X 0 0 0 VERONICA MARTINEZ DIRECTOR 1.00 X 0 0 0 MELISSA CRUZ DIRECTOR 1.00 X 0 0 0 BARRY O'CONNOR JR DIRECTOR 1.00 X 0 0 0 BONNIE NICKERSON DIRECTOR 1.00 X 0 0 0 JENNIFER HAWKINS PRESIDENT 40.00 X 192808 0 7162 ROBERT EBERSOLE DIRECTOR OF FINANCE (UNTIL AUG. 2023) 40.00 X 70305 0 0 GRACE EVANS VP OF STRATEGY & CHIEF OF STAFF 40.00 X 107354 0 0 BELINDA PHILIPPE VP OF PEOPLE AND BELONGING 40.00 X 106521 0 2716 476988 0 9878 3 0 1 0 0 660615 9148908 9809523 RENTAL INCOME 531110 771909 771909 SERVICE FEES 531390 125885 125885 DEVELOPMENT FEES 531390 88100 88100 985894 125662 125662 15148 15148 15148 10936227 1001042 0 125662 X 870314 870314 270275 220555 49720 2128620 1740957 387663 22458 16808 5650 133375 99821 33554 205404 142505 62899 30595 30595 10714 10714 43415 43415 649987 149420 500567 552641 318048 234593 400607 377421 23186 87898 87898 300064 291274 8790 144534 114304 30230 DEVELOPMENT COSTS 232746 232746 PROGRAM COSTS 50713 50713 BAD DEBTS 22298 22298 6156658 4462337 1694321 0 1700021 5228530 516578 512833 965202 182079 1085365 669137 269001 61483 80739 19312851 1519294 10186261 17793557 68275 61187 1482612 1079633 16065797 25876696 1297846 1246140 187925 885536 27581 26800 6222962 11323556 122744 100896 7859058 13582928 X 6622629 10713412 1584110 1580356 8206739 12293768 16065797 25876696 4779569 -692540 0 X 0 1 X 1 1 1 X 1611075 2861314 5489820 7287143 9809523 27058875 1611075 2861314 5489820 7287143 9809523 27058875 1610891 25447984 158 426 331 11996 125662 138573 39374 29261 759 149228 15148 233770 27431218 9611682 0.92770 0.98620 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 866726 866726 17838687 1157148 16681539 19763 19763 0 587675 342383 245292 17793557 DUE TO AFFILIATE 100896 100896 X PART IV, LINE 2B: THE ORGANIZATION HAS SECURITY DEPOSITS TOTALING $26,800 AS OF DECEMBER 31, 2023. PART X, LINE 2: ONB AND 60 KING QUALIFY AS ORGANIZATIONS FORMED FOR CHARITABLE PURPOSES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND ARE GENERALLY NOT SUBJECT TO INCOME TAX. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE ORGANIZATIONS' TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IN ADDITION, THESE ORGANIZATIONS WERE NOT DETERMINED TO BE PRIVATE FOUNDATIONS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION AND HAS CONCLUDED THAT, AS OF DECEMBER 31, 2023 THERE ARE NO UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. GENERALLY, THE ORGANIZATION'S INFORMATION OR TAX RETURNS REMAIN OPEN FOR POSSIBLE FEDERAL INCOME TAX EXAMINATION FOR THREE YEARS AFTER THE FILING DATE. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX YEARS SINCE 2020 REMAIN OPEN. 1 BROWN UNIVERSITY 69 BROWN ST 2ND FL PROVIDENCE RI 02912 050258809 501(C)(3) 73990 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY CROSSROADS RHODE ISLAND 160 BROAD ST PROVIDENCE RI 02903 050259094 501(C)(3) 25516 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY EASTERN INSURANCE GROUP LLC 42 WEYBOSSET STREET SUITE 500 PROVIDENCE RI 02903 383667558 48046 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY FEDERAL HILL HOUSE ASSOCIATION INC 9 COURTLAND STREET PROVIDENCE RI 02909 050258871 501(C)(3) 185209 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY GENESIS CENTER 620 POTTERS AVE PROVIDENCE RI 02907 223001721 501(C)(3) 147099 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY HOPE & MAIN 691 MAIN ST WARREN RI 02885 272917974 501(C)(3) 13000 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY INNOVATION STUDIO INC 2300 WASHINGTON STREET 2ND FLOOR ROXBURY MA 02119 455191933 501(C)(3) 22851 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY LIFESPAN FOUNDATION 167 POINT STREET PROVIDENCE RI 02903 050493219 501(C)(3) 25000 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY OLNEYVILLE NEIGHBORHOOD ASSOCIATION 122 MANTON AVE SUITE 611 PROVIDENCE RI 02909 830434706 501(C)(3) 35661 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY PROJECT WEBER 640 BROAD STREET PROVIDENCE RI 02907 460964136 501(C)(3) 6791 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY PROVIDENCE COMMUNITY HEALTH CENTER 375 ALLENS AVENUE PROVIDENCE RI 02905 050368134 501(C)(3) 28322 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY PROVIDENCE HOUSING AUTHORITY 100 BROAD STREET PROVIDENCE RI 02903 056000193 GOVT 16541 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY REFUGEE DREAM CENTER 747 BROAD STREET PROVIDENCE RI 02907 473515841 501(C)(3) 30000 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY SEIU EDUCATION & SUPPORT FUND 351 PLEASANT STREET SUITE B215 NORTHAMPTON MA 01060 521761037 501(C)(3) 32101 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY THE AUTISM PROJECT 1516 ATWOOD AVENUE JOHNSTON RI 02919 050512037 501(C)(3) 9900 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY WOONASQUATUCKET RIVER WATERSHED COUNCIL 45 EAGLE STREET PROVIDENCE RI 02909 050519694 501(C)(3) 11250 0 PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY 15 1 PART I, LINE 2: WE FOLLOW ALL THE REQUIREMENTS OF THE GRANTOR AGENCY, FUNDING SOURCE AND GRANT CONTRACT. PER OUR ONB FISCAL POLICIES AND PROCEDURES GUIDE, WE FOLLOW THE FEDERAL REQUIREMENTS FOR PROCUREMENT, SEGREGATION OF DUTIES, AND BEST PRACTICES FOR ALL FINANCIAL ACTIVITIES INCLUDING GRANT MANAGEMENT. OUR GENERAL LEDGER TRACKS EXPENSES AND REVENUES BY GRANT. X X 0 0 0 0 0 0 0 0 0 JENNIFER HAWKINS PRESIDENT 192808 0 0 0 0 0 7162 0 0 0 199970 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 SUBSTANTIALLY ALL OF THE ORGANIZATION'S RENTAL PROPERTIES ARE MANAGED BY AN UNRELATED PROFESSIONAL PROPERTY MANAGEMENT COMPANY WHICH PROVIDES REGULAR INFORMATION FOR THE ORGANIZATION'S REVIEW. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION'S OTHER COMMITTEES DO NOT HAVE THE AUTHORITY TO MAKE DECISIONS ON BEHALF OF THE GOVERNING BODY, HOWEVER, THEIR MEETINGS ARE ALWAYS DOCUMENTED IN WRITING. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING THE 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND TREASURER OF THE BOARD. THE 990 IS THEN PROVIDED TO THE FULL BOARD FOR THEIR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S BOARD OF DIRECTORS MEET ANNUALLY TO REVIEW THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE CONDUCTED A THOROUGH ANNUAL PERFORMANCE APPRAISAL OF THE EXECUTIVE DIRECTOR THAT INCLUDED REVIEW OF PERFORMANCE AGAINST ACHIEVEMENT OF ANNUAL ORGANIZATIONAL METRICS. COMPENSATION IS BENCHMARKED WITH SIMILAR EXECUTIVE POSITIONS IN SIMILAR FIELDS IN RHODE ISLAND. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 149,420. MANAGEMENT AND GENERAL EXPENSES 500,567. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 649,987. 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