2013-11-01T12:56:42-05:00 2013-06-30 050503395 D'AMBRA CPA 531 HARRIS AVENUE WOONSOCKET RI 028951872 990 2012-07-01 223010422 OLNEYVILLE HOUSING CORPORATION OLNE 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 FRANK SHEA 4013518719 2013-10-12 1 CRAIG D'AMBRA P00072912 4017656920 X 2012 2015-11-30 17:44:51Z FRANK SHEA 66 CHAFFEE STREET PROVIDENCE RI 02909 1511506 0 X WWW.OLNEYVILLE.ORG X 1988 RI HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS 15 15 16 15 0 0 1127677 773100 468446 621725 39 24 -51828 -118047 1544334 1276802 0 0 0 0 479302 637640 0 0 0 682981 749471 1162283 1387111 382051 -110309 6825639 7329790 4832459 5335425 1993180 1994365 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, HEALTHLY 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 1282510 503678 TO DATE, OHC HAS DEVELOPED 48 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. OHCS CURRENT DEVELOPMENT EFFORTS ARE FOCUSED ON THE AREA AROUND THE DABATE ELEMENTARY SCHOOL THAT WAS HIT HARDEST BY THE FORECLOSURE CRISIS. WE ACQUIRED PARAGON MILLS, A 120,000 SQUARE FOOT HISTORIC PROPERTY, IN NOVEMBER 2011; IT WILL BE RESTORED AND REDEVELOPED INTO COMMERCIAL USE, WITH THE INTENTION OF CREATING NEW JOBS IN OLNEYVILLE AND SERVING AS THE LINCHPIN TO BROADER ECONOMIC DEVELOPMENT IN THE NEIGHBORHOODS COMMERCIAL DISTRICT.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, OHC 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.OHC CONTINUES 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, TWO NEIGHBORHOOD CLEAN-UPS, A COMMUNITY GARDEN NETWORK, AND A NEIGHBORHOOD NEWSLETTER. IN 2011, OHC 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. OHC HAS A STRONG FOCUS ON COMMUNITY BUILDING THROUGH ONE-TO-ONE RESIDENT ENGAGEMENT. OUR COMMUNITY ACTION INITIATIVES ARE A RESULT OF INTENSIVE PLANNING EFFORTS CONDUCTED VIA LISCS OUR NEIGHBORHOODS (2007-2010) EFFORT AS WELL AS FOR THE ACTION PLAN FOR A HEALTHIER OLNEYVILLE (2009-2011), IN PARTNERSHIP WITH THE RI DEPARTMENT OF HEALTH AND THE GREATER PROVIDENCE YMCA. THESE COMPREHENSIVE NEIGHBORHOOD DEVELOPMENT PLANS IDENTIFY CONCRETE STRATEGIES THAT ADDRESS AREAS FROM HOUSING AND ECONOMY TO INFRASTRUCTURE AND PUBLIC HEALTH & SAFETY. 1282510 1 1 0 0 0 0 0 0 1 0 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 0 0 0 0 0 1 1 1 0 0 0 1 8 0 16 1 0 0 0 0 0 0 0 0 X 15 15 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 X X THE ORGANIZATION 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 MELANIE CAHILL 2.00 X X 0 0 0 MARY FASANO 2.00 X X 0 0 0 CLAY ROCKFELLER 2.00 X X 0 0 0 ELMER STANLEY 2.00 X X 0 0 0 ERIC ANDERSON 1.00 X 0 0 0 JULIA GOLD 1.00 X 0 0 0 LT DEAN ISABELLA 1.00 X 0 0 0 GARY LEPORE 1.00 X 0 0 0 MARIA MANCUSO 1.00 X 0 0 0 XANDER MARRO 1.00 X 0 0 0 ALYSON SAFFELLE 1.00 X 0 0 0 FATHER RAYMOND TRETRAULT 1.00 X 0 0 0 SEAN CREEGAN 1.00 X 0 0 0 ROSA PASTOR 1.00 X 0 0 0 VIRGINA MORGAN 1.00 X 0 0 0 FRANK SHEA 40.00 X 48270 0 0 48270 0 0 0 0 0 0 0 637600 135500 773100 RENTAL INCOME 531110 307755 307755 DEVELOPMENT FEES 531390 234300 234300 SERVICE FEES 531390 79670 79670 621725 24 24 109000 234704 -125704 -125704 OTHER 531390 7657 7657 7657 1276802 503678 0 24 66637 56641 9996 473093 454345 18748 4757 4757 44915 43617 1298 48238 46862 1376 6011 6011 8414 2006 6408 46624 46624 11106 9954 1152 15972 14923 1049 8051 7208 843 7562 6945 617 82383 81660 723 66412 65900 512 54109 52662 1447 PROGRAM COSTS 94855 94764 91 MAINTENANCE 77038 75953 1085 UTILITIES 72148 70028 2120 REAL ESTATE TAXES 65942 65942 132844 122332 10512 1387111 1282510 104601 0 53823 199970 18248 5328 76282 115177 881845 1133269 2796207 2791473 802491 800661 2197676 218006 2035566 1979670 97141 190713 64036 113529 6825639 7329790 489323 1033695 3427936 4283718 895446 19754 18012 4832459 5335425 X 639677 689073 1353503 1305292 1993180 1994365 6825639 7329790 X -110309 117562 -6068 X X 0 1 X 1 1 1 X 1159053 1445492 1795090 1127677 773100 6300412 668090 826409 462365 691033 738382 3386279 1827143 2271901 2257455 1818710 1511482 9686691 0 0 0 9686691 189 74 39 39 24 365 189 74 39 39 24 365 1827332 2271975 2257494 1818749 1511506 9687056 1.00000 0.99990 0.00000 0.00010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 44500 44500 0 0 440641 440641 1671914 155521 1516393 19763 11918 7845 65358 50567 14791 1979670 SECURITY DEPOSITS 18012 18012 1547506 270704 270704 1276802 0 1276802 1661383 268204 268204 1393179 -6068 -6068 1387111 PART IV, LINE 1B: THE ORGANIZATION ACTS AS AN AGENT FOR COMMUNITY ORGANIZATIONS FOR CERTAIN FUNDING SOURCES PART XI, LINE 2D - OTHER ADJUSTMENTS: REVENUE FROM OTHER CONSOLIDATED ENTITIES 36,000. COST OF PROPERTY SOLD NETTED WITH INCOME FOR TAX RETURN PURPOSES 234,704. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM OTHER CONSOLIDATED ENTITIES 33,500. COST OF PROPERTY SOLD NETTED WITH INCOME FOR TAX RETURN PURPOSES 234,704. PART XII, LINE 4B - OTHER ADJUSTMENTS: DIFFERENCE IN PASSTHROUGH ENTITIES TAX YEAR VS FISCAL YEAR LOSS -6,068. 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 11 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 CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: DIFFERENCE IN PASS THROUGH LOSS(INCOME) FROM K-1 AND AMOUNT ON F/S -6,068. 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