2018-03-30T13:13:19-05:00 2017-12-31 050503395 D'AMBRA CPA 531 HARRIS AVENUE WOONSOCKET RI 028951872 990 2017-01-01 223010422 OLNEYVILLE HOUSING CORPORATION OLNE 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 JENNIFER HAWKINS EXECUTIVE DIRECTOR 4013518719 2018-03-26 1 CRAIG D'AMBRA P00072912 4014742300 X 2017 2022-09-23 18:48:47Z JENNIFER HAWKINS 66 CHAFFEE STREET PROVIDENCE RI 02909 2733459 0 X WWW.OLNEYVILLE.ORG X 1988 RI HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS 10 10 18 10 0 0 2192499 1807561 791545 663445 71 147 -318746 -397656 2665369 2073497 0 0 0 0 642072 446482 0 0 0 1804994 1140014 2447066 1586496 218303 487001 8100708 7170107 6000872 4588288 2099836 2581819 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 1368051 265789 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.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. OUR HOMEOWNERSHIP PROMOTION DEPARTMENT WORKS WITH OVER 400 FAMILIES PER YEAR PROVIDING FREE TAX PREPARATION SERVICES, BUDGETING ASSISTANCE, CREDIT COUNSELING, FINANCIAL CAPABILITY COACHING, HOMEOWNERSHIP EDUCATION, AND FORECLOSURE PREVENTION -- ENSURING ONE/NB RENTERS AND HOME-BUYERS ARE FINANCIALLY SECURE AND HAVE THE FOUNDATION TO ACHIEVE THEIR PERSONAL GOALS. 1368051 1 0 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 42 0 18 1 0 0 0 0 0 0 0 0 X 10 10 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 JULIA GOLD VICE PRESIDENT 2.00 X X 0 0 0 LT DEAN ISABELLA DIRECTOR 1.00 X 0 0 0 XANDER MARRO TREASURER 2.00 X X 0 0 0 VIRGINIA MORGAN DIRECTOR 1.00 X 0 0 0 ROBERT MCMAHON PRESIDENT 2.00 X X 0 0 0 ROCHELLE LEE DIRECTOR 1.00 X 0 0 0 ANN BACCARI DIRECTOR 1.00 X 0 0 0 LORRAINE LALLI DIRECTOR 1.00 X 0 0 0 JORDAN DURHAM DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 0 1786034 21527 1807561 RENTAL INCOME 531110 207744 207744 DEVELOPMENT FEES 531390 172548 172548 SERVICE FEES 531390 145153 145153 DEBT FORGIVEN 531390 138000 138000 663445 147 147 245000 659962 -414962 -414962 OTHER 531390 17306 17306 17306 2073497 265789 0 147 X 39661 32919 6742 348032 326206 21826 20884 12134 8750 37905 34743 3162 10723 10723 33318 12142 21176 87953 26961 60992 117521 82580 34941 2433 2433 15715 13516 2199 16002 10567 5435 91640 91415 225 75508 75498 10 86076 73309 12767 PROGRAM COSTS 222863 221820 1043 MAINTENANCE 83641 77933 5708 UTILITIES 59929 48723 11206 RENT EXPENSE 53520 47400 6120 183172 167029 16143 1586496 1368051 218445 0 203611 210300 260713 459073 319631 103923 1081517 983672 3018753 2318721 881283 823537 2646355 526980 2170677 2119375 139941 115692 24582 35814 8100708 7170107 1388190 1045456 2398 1687 4597334 3527383 12950 13762 6000872 4588288 X 665755 727136 1259081 1679683 175000 175000 2099836 2581819 8100708 7170107 X 487001 -5018 X X 0 1 X 1 1 1 X 1081596 660641 1427869 2192499 1807561 7170166 1391320 433392 663979 1809635 908445 5206771 2472916 1094033 2091848 4002134 2716006 12376937 0 0 0 12376937 123 164 28 71 147 533 123 164 28 71 147 533 34331 18404 17306 70041 2473039 1094197 2126207 4020609 2733459 12447511 0.99430 0.99530 0.00000 X 0 0 175000 175000 100849 175000 100849 175000 100849 100849 0 0 526952 526952 2004805 422276 1582529 27919 23842 4077 86679 80862 5817 2119375 SECURITY DEPOSITS 13762 13762 5794893 3721396 3721396 2073497 0 2073497 8736762 7145248 7145248 1591514 -5018 -5018 1586496 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM OTHER CONSOLIDATED ENTITIES 3,061,434. COST OF PROPERTY SOLD NETTED AGAINST PROPERTY SALES 659,962. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM OTHER CONSOLIDATED ENTITIES 6,485,286. COST OF PROPERTY SOLD NETTED AGAINST PROPERTY SALES 659,962. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIFFERENCE IN PASSTHROUGH ENTITIES TAX YEAR VS FISCAL YEAR LOSS -5,018. COMMUNITY WORKS RI ORGANIZATION IS SOLE MEMBER OF INTERESTED NON PROFIT ENTITY 100000 SERVICE FEE 0 COMMUNITY WORKS RI ORGANIZATION IS SOLE MEMBER OF INTERESTED NON PROFIT ENTITY 26817 LOAN 0 FORM 990, PART VI, SECTION A, LINE 3 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. JULIA GOLD - RI DEPT HLTH, 3 CAPITOL HILL, PROVIDENCE, RI 02908. LT DEAN ISABELLA - PROV POLICE, 325 WASHINGTON ST, PROVIDENCE, RI 02903. 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. FORM 990, PART IX, LINE 24E DEVELOPMENT COSTS: PROGRAM SERVICE EXPENSES 50,240. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 50,240. REAL ESTATE TAXES: PROGRAM SERVICE EXPENSES 49,289. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 49,289. NET LOSS (INC) FROM NEW POLISH HOME LLC: PROGRAM SERVICE EXPENSES 28,431. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 28,431. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 15,564. MANAGEMENT AND GENERAL EXPENSES 10,525. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 26,089. PRINTING: PROGRAM SERVICE EXPENSES 12,496. MANAGEMENT AND GENERAL EXPENSES 1,713. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 14,209. TELEPHONE: PROGRAM SERVICE EXPENSES 6,846. MANAGEMENT AND GENERAL EXPENSES 1,392. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 8,238. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 4,874. MANAGEMENT AND GENERAL EXPENSES 2,183. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 7,057. NET LOSS OTHER: PROGRAM SERVICE EXPENSES 1,800. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,800. POSTAGE: PROGRAM SERVICE EXPENSES 1,186. MANAGEMENT AND GENERAL EXPENSES 330. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,516. BAD DEBTS: PROGRAM SERVICE EXPENSES -3,697. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES -3,697. FORM 990, PART XI, LINE 9: DIFFERENCE IN PASS THROUGH LOSS(INCOME) FROM K-1 AND AMOUNT ON F/S -5,018. FORM 990,PART XI, LINE 2C NO CHANGE FROM PRIOR YEAR OLNEYVILLE HOUSING DEVELOPMENT COMPANY LLC 66 CHAFFEE STREET PROVIDENCE RI 02909 203036639 DEVELOPMENT OF AFFORDABLE HOUSING RI 0 0 NEW POLISH NATIONAL HOME LLC 66 CHAFFEE STREET PROVIDENCE RI 02909 262756959 REAL ESTATE INVESTMENT RI OLNEYVILLE HOUSING CORPORATION RELATED 61200 1262693 0 1 0.85000 ORCA INC 66 CHAFFEE STREET PROVIDENCE RI 02909 050502362 GP IN LOW INCOME HOUSING PARTNERSHIP RI C 18338 1.00000 0 RIVERSIDE GATEWAY PARTNERS INC 66 CHAFFEE STREET PROVIDENCE RI 02909 200303046 GP IN LOW INCOME HOUSING PARTNERSHIP RI C 128192 1.00000 0 CHAFFEE STREET HOLDINGS INC 66 CHAFFEE STREET PROVIDENCE RI 02909 262756820 LP IN RENTAL REAL ESTATE OWING ORGANIZATIONS OFFICE SPACE RI C 10800 222828 1.00000 0 OLNEY VILLAGE PARTNERS INC 66 CHAFFEE STREET PROVIDENCE RI 02909 300687803 GP IN LOW INCOME HOUSING PARTNERSHIP RI C 1.00000 0 AMHERST GARDENS APARTMENTS INC 66 CHAFFEE STREET PROVIDENCE RI 02909 810902046 GP IN LOW INCOME HOUSING PARTNERSHIP RI C 100 1.00000 0 0 1 0 1 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 NEW POLISH NATIONAL HOME LLC D 779021 ORCA INC D 7775 RIVERSIDE GATEWAY PARTNERS INC D 6700 NEW POLISH NATIONAL HOME LLC K 36000 RIVERSIDE GATEWAY LP K 15120 RIVERSIDE GATEWAY LP J 3600 OLNEYVILLE REDUX LP J 4200 AMHERST GARDENS LP L 172548 COMMUNITY WORKS RI L 100000 OLNEY VILLAGE LP J 12300 OLNEY VILLAGE PARTNERS INC D 2947 OLNEY VILLAGE LP D 150000 COMMUNITY WORKS RI D 26817 AMHERST GARDENS APARTMENTS INC D 950 AMHERST GARDENS LP D 497052