2017-03-31T14:42:58-05:00 2016-12-31 050503395 D'AMBRA CPA 531 HARRIS AVENUE WOONSOCKET RI 028951872 990 2016-01-01 223010422 OLNEYVILLE HOUSING CORPORATION OLNE 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 MICHAEL DEVOS EXECUTIVE DIRECTOR 4013518719 2017-03-31 1 CRAIG D'AMBRA P00072912 4014742300 X 72.195.151.233 2017-03-31 10:32:23 ED P AAD8230B79314A1ED7CB6783436C00B0208BBF3B AAD8230B79314A1ED7CB6783436C00B0208BBF3B 2016 2021-01-29 14:40:06Z MICHAEL DEVOS 66 CHAFFEE STREET PROVIDENCE RI 02909 4020609 0 X WWW.OLNEYVILLE.ORG X 1988 RI HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS 10 10 17 0 0 0 1427869 2192499 552959 791545 28 71 -128228 -318746 1852628 2665369 0 0 0 0 712043 642072 0 0 0 1331049 1804994 2043092 2447066 -190464 218303 8675872 8100708 6792713 6000872 1883159 2099836 X THE ORGANIZATION WAS FOUNDED IN 1988 TO PROMOTE THE COMPREHENSIVE REVITALIZATION OF THE OLNEYVILLE NEIGHBORHOOD OF PROVIDENCE. OUR MISSION IS TO WORK WITH RESIDENTS TO BUILD A SAFE, HEALTHY AND STABLE COMMUNITY. WE ACCOMPLISH OUR MISSION THROUGH THE CREATION AND PRESERVATION OF AFFORDABLE HOUSING, DEVELOPMENT OF COMMERCIAL REAL ESTATE TO SPUR ECONOMIC DEVELOPMENT IN THE NEIGHBORHOOD, INDIVIDUAL ASSET BUILDING, AS WELL AS COMMUNITY BUILDING AND ORGANIZING. 0 0 2290366 2620581 TO DATE, WE HAVE DEVELOPED 50 HOMES FOR FIRST TIME LOW-INCOME HOMEBUYERS AND 118 UNITS OF AFFORDABLE RENTAL HOUSING, AS WELL AS OVER 11,000 SQUARE FEET OF OFFICE AND RETAIL SPACE. OUR CURRENT DEVELOPMENT EFFORTS ARE FOCUSED ON THE AREA AROUND THE D'ABATE ELEMENTARY SCHOOL THAT WAS HIT HARDEST BY THE FORECLOSURE CRISIS. WE ARE IN THE PROCESS OF DEVELOPING 36 NEW UNITS OF AFFORDABLE HOUSING.TO SUPPORT OUR HOMEOWNERSHIP EFFORTS, WE HAVE AN ASSET BUILDING COUNSELOR ON OUR STAFF WHO TEACHES FIRST-TIME HOMEBUYER CLASSES IN ENGLISH AND SPANISH, AND COUNSELS CLIENTS TO HELP THEM PREVENT FORECLOSURE, BUILD CREDIT, AND PREPARE FOR HOMEOWNERSHIP. AS A FEDERAL VOLUNTEER INCOME TAX ASSISTANCE (VITA) SITE, OUR STAFF AND VOLUNTEERS PREPARE HUNDREDS OF TAX RETURNS EACH YEAR ENABLING FAMILIES TO OBTAIN THEIR EARNED INCOME TAX CREDIT BENEFIT WITHOUT HAVING TO PAY FOR TAX PREPARATION SERVICES.WE CONTINUE TO SERVE AS THE CONVENER OF THE OLNEYVILLE COLLABORATIVE, A COALITION OF OVER 20 NEIGHBORHOOD ORGANIZATIONS. THE COLLABORATIVE HOLDS QUARTERLY MEETINGS WHICH SERVE AS AN OPPORTUNITY FOR MEMBERS TO SHARE INFORMATION, ADDRESS ISSUES OF CONCERN, AND PLAN INITIATIVES. THE COLLABORATIVE COORDINATES SEVERAL ANNUAL PROJECTS INCLUDING A COMMUNITY FESTIVAL, PERFORMING ARTS SERIES, NEIGHBORHOOD CLEAN-UPS, A COMMUNITY GARDEN NETWORK, AND A NEIGHBORHOOD NEWSLETTER. IN 2011, WE LAUNCHED ITS LANDSCAPING SOCIAL ENTERPRISE: ONE OLNEYVILLE. ONE OLNEYVILLE DELIVERS A "TRIPLE BOTTOM LINE": INTENSIVE WORKFORCE DEVELOPMENT FOR AT-RISK YOUNG PEOPLE FROM THE NEIGHBORHOOD; PRO-BONO COMMERCIAL DISTRICT MAINTENANCE; AND INCOME GENERATION VIA ITS FEE-FOR-SERVICE LANDSCAPING CONTRACTS. ALL INCOME THAT IS GENERATED IS RE-INVESTED IN GROWING ONE OLNEYVILLES WORKFORCE DEVELOPMENT AND NEIGHBORHOOD BEAUTIFICATION EFFORTS. WE HAVE A STRONG FOCUS ON COMMUNITY BUILDING THROUGH ONE-TO-ONE RESIDENT ENGAGEMENT. THESE COMPREHENSIVE NEIGHBORHOOD DEVELOPMENT PLANS IDENTIFY CONCRETE STRATEGIES THAT ADDRESS AREAS FROM HOUSING AND ECONOMY TO INFRASTRUCTURE AND PUBLIC HEALTH & SAFETY. 2290366 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 8 0 17 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 CLAY ROCKEFELLER DIRECTOR 1.00 X 0 0 0 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 LT HENRY REMOLINA DIRECTOR 1.00 X 0 0 0 ROCHELLE LEE DIRECTOR 1.00 X 0 0 0 CELESTE JEFFREY DIRECTOR 1.00 X 0 0 0 0 0 0 0 0 0 0 STAND CORPORATION 105 PENNSYLVANIA AVENUE WARWICK RI 02888 CONTRACTOR 261753 CASA BUENA BUILDERS 82 CHAPIN ST PROVIDENCE RI 02909 CONTRACTOR 233783 EA ENGINEERING 310 METRO CENTER BLVD WARWICK RI 02886 ENVIRONMENTAL REMEDIATION 178749 3 2147782 44717 2192499 DEVELOPMENT FEES 531390 390629 390629 RENTAL INCOME 531110 282328 282328 SERVICE FEES 531390 118588 118588 791545 71 71 1018090 1355240 -337150 -337150 OTHER 531390 18404 18404 18404 2665369 472799 0 71 551480 525298 26182 41212 33020 8192 49380 47240 2140 8922 8922 1799 654 1145 86274 54514 31760 194691 153666 41025 12156 11667 489 5056 3843 1213 33918 32403 1515 89076 87648 1428 65503 65329 174 68350 56856 11494 DEVELOPMENT COSTS 597420 597420 PROGRAM COSTS 267767 267686 81 REAL ESTATE TAXES 91089 91089 MAINTENANCE 72090 68789 3301 210883 184322 26561 2447066 2290366 156700 0 158996 203611 98315 260713 278442 319631 1189587 1081517 4029084 3018753 825996 881283 2622149 451472 1939933 2170677 152780 139941 2739 24582 8675872 8100708 1641858 1388190 2398 5134126 4597334 16729 12950 6792713 6000872 X 553558 665755 1228752 1259081 100849 175000 1883159 2099836 8675872 8100708 X 218303 -1626 X X 0 1 X 1 1 1 X 773100 1081596 660641 1427869 2192499 6135705 738382 1391320 433392 663979 1809635 5036708 1511482 2472916 1094033 2091848 4002134 11172413 0 0 0 11172413 24 123 164 28 71 410 24 123 164 28 71 410 34331 18404 52735 1511506 2473039 1094197 2126207 4020609 11225558 0.99530 0.99620 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 100849 175000 100849 175000 100849 100849 0 0 513715 513715 1993836 352805 1641031 27919 22211 5708 86679 76456 10223 2170677 SECURITY DEPOSITS 12950 12950 6992509 4327140 4327140 2665369 0 2665369 8547808 6099116 6099116 2448692 -1626 -1626 2447066 PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM OTHER CONSOLIDATED ENTITIES 2,971,900. COST OF INVENTORY SOLD NETTED 1,355,240. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM OTHER CONSOLIDATED ENTITIES 4,743,876. COST OF INVENTORY SOLD NETTED 1,355,240. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIFFERENCE IN PASSTHROUGH ENTITIES TAX YEAR VS FISCAL YEAR LOSS -1,626. COMMUNITY WORKS RI ORGANIZATION IS SOLE MEMBER OF INTERESTED NON PROFIT ENTITY 1000 CONTRIBUTION 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 CLAY ROCKEFELLER - 532 KINSLEY AVE, UNIT 501, PROVIDENCE, RI 02909. 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. LT HENRY REMOLINA - PROV POLICE, 325 WASHINGTON ST, PROVIDENCE, RI 02903. ROCHELLE LEE - 172 ONTARIO ST, PROVIDENCE, RI 02907. CELESTE JEFFREY - 27 PRINCETON AVENUE, PROVIDENCE, RI 02907. FORM 990, PART XI, LINE 9: DIFFERENCE IN PASS THROUGH LOSS(INCOME) FROM K-1 AND AMOUNT ON F/S -1,626. 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