2012-03-21T08:22:12-05:00 2011-06-30 D'AMBRA CPA 531 HARRIS AVENUE WOONSOCKET RI 028951872 990 2010-07-01 223010422 OLNEYVILLE HOUSING CORPORATION OLNE 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 FRANK SHEA 4013518719 2012-03-20 1 CRAIG D'AMBRA 4017656920 X 2010 2016-02-24 21:20:13Z FRANK SHEA 66 CHAFFEE STREET PROVIDENCE RI 02909 2283012 0 X WWW.OLNEYVILLE.ORG X 1988 RI HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS 14 14 9 200 0 0 1445492 1814108 93019 155365 74 -667 -274823 -246154 1263762 1722652 0 0 0 0 410597 417618 0 0 0 469710 813403 880307 1231021 383455 491631 5510244 6655257 4422562 5066873 1087682 1588384 X TO PROVIDE DECENT AND AFFORDABLE HOUSING EITHER THROUGH HOME OWNERSHIP, RENTAL, HOME REPAIR PROGRAMS, OR OTHER MEANS, TO LOW AND MODERATE INCOME PERSONS LIVING WITHIN THE CITY OF PROVIDENCE RI, SPECIFICALLY THE OLNEYVILLE AREA, AS MIGHT HAVE AN IMPACT ON THE REVITALIZATION OF THE AREA AND TO PROVIDE SAID ASSISTANCE WITHOUT DISCRIMINATION OR PREJUDICE 0 0 1124669 1722652 DEVELOPED TWO FOR SALE HOMES AND 12 RENTAL UNITS BY REDEVELOPING FORECLOSED PROPERTIES FOR LOW AND MODERATE INCOME FIRST TIME HOMEBUYERS, COUNSELED OVER 50 INDIVIDUALS TO ENHANCE THEIR FINANCIAL SELF SUFFICIENCY, MAINTAIN A PARTNERSHIP INTEREST IN TWO PARTNERSHIPS OWNING 78 APARTMENTS FOR RENT TO LOW AND MODERATE INCOME PERSONS WHOSE PROPERTIES WERE DEVELOPED BY THE ORGANIZATION. 1124669 1 1 0 0 0 0 0 1 0 1 0 0 1 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 0 0 9 1 0 0 0 0 0 0 0 0 X 14 14 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 1 0 X X THE ORGANIZATION 4013518719 66 CHAFFEE STREET PROVIDENCE RI 02909 MELANIE CAHIL 4.00 X X 0 0 0 MARY FASANO 4.00 X X 0 0 0 CLAY ROCKFELLER 4.00 X X 0 0 0 ELMER STANLEY 4.00 X X 0 0 0 ERIC ANDERSON 2.00 X 0 0 0 MARY ELLEN BOYLE 2.00 X 0 0 0 JULIA GOLD 2.00 X 0 0 0 LT DEAN ISABELLA 2.00 X 0 0 0 GARY LEPORE 2.00 X 0 0 0 MARIA MANCUSO 2.00 X 0 0 0 XANDER MARRO 2.00 X 0 0 0 PILAR MCCLOUD 2.00 X 0 0 0 ALYSON SAFFELLE 2.00 X 0 0 0 FATHER RAYMOND TRETRAULT 2.00 X 0 0 0 FRANK SHEA 40.00 X 77483 0 11042 77483 0 11042 0 0 0 0 NATION WIDE CONSTRUCTION CORP 1296 PARK EAST DRIVE WOONSOCKET RI 02895 GENERAL CONTRACTOR 896131 ICON ARCHITECTS 38 CHAUNCY STREET SUITE 1401 BOSTON MA 02111 ARCHITECT 249886 LEGACY CUSTOM BUILDERS 181 LEGRIS AVE UNIT B WEST WARWICK RI 02893 GENERAL CONTRACTOR 221638 3 1761438 52670 1814108 RENTAL INCOME 531110 80886 80886 SERVICE FEES 531390 63672 63672 MISCELLENEOUS 531390 10807 10807 155365 39 39 6500 7206 -706 -706 -706 307000 553154 -246154 -246154 1722652 -91495 0 39 73949 56941 17008 276303 258829 17474 33986 29330 4656 33380 30109 3271 3917 3917 335 335 52549 52549 25605 25605 15778 15142 636 36000 31068 4932 2334 770 1564 5216 4665 551 41460 40278 1182 21815 20392 1423 DEVELOPMENT COSTS 371679 371679 REAL ESTATE TAXES 60256 60256 PROGRAM COSTS 59946 59946 NET LOSS FROM NEW POLIS 34865 34865 MAINTENANCE 29794 29475 319 51854 51067 787 1231021 1124669 106352 0 83166 152911 43634 41905 55471 60131 937448 916073 2461600 1435792 800000 803282 2184400 83197 1000778 2101203 126111 92742 2036 1051218 5510244 6655257 526922 717097 150372 3734173 3990408 349311 11095 10057 4422562 5066873 X 1019834 677267 67848 911117 1087682 1588384 5510244 6655257 X 491631 9071 X X 0 1 1 X 1 1 X 606710 946148 1159053 1445492 1795090 5952493 148879 463049 668090 826409 462365 2568792 755589 1409197 1827143 2271901 2257455 8521285 0 0 0 8521285 479 600 189 74 39 1381 479 600 189 74 39 1381 756068 1409797 1827332 2271975 2257494 8522666 0.99980 0.99980 0.00020 0.00020 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 430836 430836 1669154 43393 1625761 19763 4012 15751 64647 35792 28855 2101203 DEPOSITS 289036 PREDEVELOPMENT COSTS 762182 1051218 SECURITY DEPOSITS 10057 10057 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 5: PASS THROUGH LOSS FROM K-1 9,071. TOTAL TO FORM 990, PART XI, LINE 5: 9,071. 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 RELATED -34865 1577255 0 1 0.85000 RIVERSIDE GATEWAY LP 66 CHAFFEE STREET PROVIDENCE RI 02909 200303107 OWNERSHIP OF AFFORDABLE HOUSING RI RIVERSIDE GATEWAY PARTNERS INC RELATED 0 1 OLNEYVILLE REDUX LP 66 CHAFFEE STREET PROVIDENCE RI 02909 050502509 OWNERSHIP OF AFFORDABLE HOUSING RI ORCA INC RELATED 0 1 ORCA INC 66 CHAFFEE STREET PROVIDENCE RI 02909 050502362 GP IN LOW INCOME HOUSING PARTNERSHIP RI C 25839 1.00000 RIVERSIDE GATEWAY PARTNERS INC 66 CHAFFEE STREET PROVIDENCE RI 02909 200303046 GP IN LOW INCOME HOUSING PARTNERSHIP RI C 10927 42669 1.00000 CHAFFEE STREET HOLDINGS INC 66 CHAFFEE STREET PROVIDENCE RI 02909 262756820 LP IN RENTAL REAL ESTATE OWING ORGANIZATIONS OFFICE SPACE RI C -6153 278339 1.00000 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 NEW POLISH NATIONAL HOME LLC D 793022 ORCA INC D 4825 RIVERSIDE GATEWAY PARTNERS INC D 3750 NEW POLISH NATIONAL HOME LLC J 36000 RIVERSIDE GATEWAY LP J 15120 RIVERSIDE GATEWAY LP K 22400 OLNEYVILLE REDUX LP K 24140