2019-03-25T13:42:41-05:00 2018-12-31 050503395 D'AMBRA CPA 531 HARRIS AVENUE WOONSOCKET RI 028951872 990 2018-01-01 223010422 OLNEYVILLE HOUSING CORPORATION OLNE 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 JENNIFER HAWKINS EXECUTIVE DIRECTOR 4013518719 2019-03-18 1 CRAIG D'AMBRA P00072912 4014742300 X 72.192.42.98 2019-03-18 09:31:47 ED P 0C684124E08978C42D7699321B5ACB3376DEDB33 0C684124E08978C42D7699321B5ACB3376DEDB33 2018 2020-01-14 16:20:31Z JENNIFER HAWKINS 66 CHAFFEE STREET PROVIDENCE RI 02909 4689503 0 X WWW.OLNEYVILLE.ORG X 1988 RI HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS 11 11 13 11 0 0 1807561 1261974 663445 3400729 147 190 -397656 26610 2073497 4689503 0 0 0 0 446482 632277 0 0 0 1140014 3759229 1586496 4391506 487001 297997 7170107 5979465 4588288 2664745 2581819 3314720 X THE MISSION OF OLNEYVILLE HOUSING CORPORATION, D/B/A ONE NEIGHBORHOOD BUILDERS IS TO PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY IN PROVIDENCE'S NEIGHBORHOODS. WE ACCOMPLISH OUR MISSION THROUGH: STRATEGIC REAL ESTATE DEVELOPMENT TO INCREASE THE AVAILABILITY OF AFFORDABLE HOMES, SPUR ECONOMIC DEVELOPMENT, AND PROTECT OUR NATURAL RESOURCES; ENGAGEMENT OF 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 3677943 3367924 STRATEGIC REAL ESTATE DEVELOPMENT TO INCREASE THE AVAILABILITY OF AFFORDABLE HOMES, SPUR ECONOMIC DEVELOPMENT, AND PROTECT OUR NATURAL RESOURCES;THROUGH THE YEARS, OLNEYVILLE HOUSING CORPORATION, D/B/A ONE NEIGHBORHOOD BUILDERS (ONE/NB) HAS DEVELOPED 375 AFFORDABLE APARTMENTS AND OVER 115 SINGLE FAMILY HOMES IN PROVIDENCE, AS WELL AS MORE THAN 50,000 SQUARE FEET OF COMMERCIAL AND COMMUNITY SPACE THAT PROVIDE AMENITIES AND JOB OPPORTUNITIES. THESE SPACES INCLUDE PRESERVATION OF HISTORIC BUILDINGS - RETURNING RESIDENTS AND COMMERCE TO THESE IMPORTANT LANDMARKS. 431807 59415 ENGAGEMENT OF 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. 4109750 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 24 0 13 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X X THE ORGANIZATION 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 X ELMER STANLEY SECRETARY 2.00 X X 0 0 0 XANDER MARRO DIRECTOR 1.00 X 0 0 0 VIRGINIA MORGAN DIRECTOR 1.00 X 0 0 0 ROBERT MCMAHON CHAIR 2.00 X X 0 0 0 ROCHELLE LEE DIRECTOR 1.00 X 0 0 0 ANN BACCARI TREASURER 2.00 X X 0 0 0 LORRAINE LALLI DIRECTOR 1.00 X 0 0 0 JORDAN DURHAM DIRECTOR 1.00 X 0 0 0 TINISHA BRICE DIRECTOR 1.00 X 0 0 0 ROGER SUCHITE DIRECTOR 1.00 X 0 0 0 0 0 0 1 0 0 0 0 1188045 73929 1261974 DEBT FORGIVEN 531390 2966740 2966740 RENTAL INCOME 531110 269067 269067 DEVELOPMENT FEES 531390 105507 105507 SERVICE FEES 531390 59415 59415 3400729 190 190 OTHER 531390 26610 26610 26610 4689503 3427339 0 190 115758 92606 23152 429475 360192 69283 36991 34276 2715 50053 41460 8593 14795 14795 20695 17445 3250 77225 77225 33948 28583 5365 43756 29157 14599 16532 4716 11816 23537 22265 1272 82315 82315 64440 54497 9943 COST OF PROPERTY FORECL 2673026 2673026 NET LOSS (INC) FROM K-1 178485 178485 PROGRAM COSTS 150920 131804 19116 DEVELOPMENT COSTS 139933 139933 239622 204195 35427 4391506 4109750 281756 0 210300 273993 459073 813108 103923 83500 983672 983511 2318721 545343 823537 9224 3636101 647580 2119375 2988521 115692 66827 35814 215438 7170107 5979465 1045456 460293 1687 2388 3527383 2180052 13762 22012 4588288 2664745 X 727136 860870 1679683 2278850 175000 175000 2581819 3314720 7170107 5979465 X 297997 434904 X X 0 1 X 1 1 1 X 660641 1427869 2192499 1807561 1261974 7350544 433392 663979 1809635 908445 3400729 7216180 1094033 2091848 4002134 2716006 4662703 14566724 0 0 0 14566724 164 28 71 147 190 600 164 28 71 147 190 600 34331 18404 17306 26610 96651 1094197 2126207 4020609 2733459 4689503 14663975 0.99340 0.99430 0.00000 X 0 0 175000 175000 175000 175000 100849 175000 100849 175000 100849 100849 0 0 652312 652312 2877347 542691 2334656 19763 19763 0 86679 85126 1553 2988521 SECURITY DEPOSITS 22012 22012 7695854 3006351 3006351 4689503 0 4689503 10214712 6000349 6000349 4214363 177143 177143 4391506 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM OTHER CONSOLIDATED ENTITIES 3,006,351. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM OTHER CONSOLIDATED ENTITIES 6,000,349. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIFFERENCE IN PASSTHROUGH ENTITIES TAX YEAR VS FISCAL YEAR LOSS 177,143. NEW POLISH HOME LLC WHOLLY OWNED LLC 910528 ADVANCES 0 VARIOUS CORPORATIONS WHOLLY OWNED GENERAL PARTNER CORPORATIONS 38267 ADVANCES 0 VARIOUS PARTNERSHIPS ORGANIZATION OWNS GENERAL PARTNER IN PARTNERSHIPS 2007572 LOANS AND ACCRUED INTEREST 0 VARIOUS ENTITIES COMMON OWNERSHIP OR CONTROLLING INTEREST 63576 RENTS 0 VARIOUS ENTITIES COMMON OWNERSHIP OR CONTROLLING INTEREST 116008 FEES FOR SERVICES 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, THEREFORE THEIR MEETINGS ARE NOT 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. 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 PERFORMED BY BOARD OF DIRECTORS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC ELMER STANLEY - 11 HEALTH AVE, PROVIDENCE, RI 02940. XANDER MARRO - 14 OLNEYVILLE SQUARE, PROVIDENCE, RI 02909. VIRGINIA MORGAN - 65 CAPRON ST, PROVIDENCE, RI 02909. ROBERT MCMAHON - 44 SHARON ST, PROVIDENCE, RI 02908. ROCHELLE LEE - 172 ONTARIO ST, PROVIDENCE, RI 02907. ANN BACCARI - 300 CENTERVILLE RD, SUITE 210, WARWICK, RI 02886. LORRAINE LALLI - TEN METACOM AVE, BRISTOL, RI 02809. JORDAN DURHAM - 460 HARRIS AVENUE, PROVIDENCE, RI 02909. TINISHA BRICE - 17 PELHAM STREET, PROVIDENCE, RI 02909. ROGER SUCHITE - 66 ANGELL AVE, NORTH PROVIDENCE, RI 02911. FORM 990, PART XI, LINE 9: DIFFERENCE IN PASS THROUGH LOSS(INCOME) FROM K-1 AND AMOUNT ON F/S 177,143. MERGER OF COMMUNITY WORKS RI 257,761. 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