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Nonprofiteer
← OLNEYVILLE HOUSING CORP

Form 990 for tax year 2024

Filed by OLNEYVILLE HOUSING CORP.

Totals

Total revenue
$7,111,879
Total expenses
$7,703,787
Contributions and grants received
$4,568,540
Grants paid
$789,246
Program service revenue
$2,133,648
Investment income
$391,361
Other revenue
$18,330
Total assets, end of year
$27,022,985
Total liabilities, end of year
$15,309,961
Net assets or fund balances, end of year
$11,713,024
Program services expenses (Part IX)
$4,833,661
Management and general expenses
$2,870,126
Fundraising expenses
$0
Program service expenses (Part III)
$4,833,661

Program services were 62.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $1,874,715

  • 1f · All other contributions, gifts and grants

    $2,693,825

  • 2a · Program service revenue: RENTAL INCOME

    total $777,775 · related or exempt $777,775

  • 2b · Program service revenue: DEVELOPMENT FEES

    total $745,463 · related or exempt $745,463

  • 2c · Program service revenue: SERVICE FEES

    total $428,306 · related or exempt $428,306

  • 2d · Program service revenue: INTEREST - NOTE RECEIV

    total $182,104 · related or exempt $182,104

  • 3 · Investment income

    total $169,612 · excluded $169,612

  • 7a · Gross sales of assets other than inventory

    other assets $521,223

  • 7b · Less cost or other basis and sales expenses

    other assets $299,474

  • 7c · Gain or loss

    other assets $221,749

  • 7d · Net gain or loss

    total $221,749 · excluded $221,749

  • 11d · All other revenue

    total $18,330 · related or exempt $18,330

  • 11e · Other revenue, total

    $18,330

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $789,246 · program services $789,246

  • 5 · Compensation of officers, directors and key employees

    total $258,668 · program services $148,490 · management and general $110,178

  • 7 · Other salaries and wages

    total $2,369,028 · program services $1,363,099 · management and general $1,005,929

  • 8 · Pension plan contributions

    total $69,676 · program services $30,140 · management and general $39,536

  • 9 · Other employee benefits

    total $112,237 · program services $48,552 · management and general $63,685

  • 10 · Payroll taxes

    total $319,259 · program services $138,105 · management and general $181,154

  • 11a · Fees: management

    total $34,308 · management and general $34,308

  • 11b · Fees: legal

    total $14,226 · program services $14,226

  • 11c · Fees: accounting

    total $174,255 · management and general $174,255

  • 11g · Fees: other

    total $875,276 · program services $67,287 · management and general $807,989

  • 13 · Office expenses

    total $482,334 · program services $233,907 · management and general $248,427

  • 16 · Occupancy

    total $564,147 · program services $528,425 · management and general $35,722

  • 20 · Interest

    total $80,538 · program services $80,538

  • 22 · Depreciation, depletion and amortization

    total $274,066 · program services $274,066

  • 23 · Insurance

    total $154,448 · program services $121,984 · management and general $32,464

  • 24a · Other expenses: BAD DEBTS

    total $997,491 · program services $984,666 · management and general $12,825

  • 24b · Other expenses: LOSS ON DEVELOPMENT

    total $122,955 · management and general $122,955

  • 24c · Other expenses: PROGRAM COSTS

    total $11,629 · program services $10,930 · management and general $699

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,228,530 · end of year $7,269,770

  • 2 · Savings and temporary cash investments

    beginning of year $512,833 · end of year $5,489

  • 3 · Pledges and grants receivable

    beginning of year $182,079 · end of year $0

  • 4 · Accounts receivable

    beginning of year $669,137 · end of year $2,339,807

  • 7 · Other notes and loans receivable

    beginning of year $269,001 · end of year $606,427

  • 9 · Prepaid expenses and deferred charges

    beginning of year $80,739 · end of year $137,685

  • 10a · Land, buildings and equipment: cost or other basis

    $18,145,525

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,713,579

  • 10c · Land, buildings and equipment, net

    beginning of year $17,793,557 · end of year $16,431,946

  • 13 · Investments: program-related

    beginning of year $61,187 · end of year $63,687

  • 15 · Other assets

    beginning of year $1,079,633 · end of year $168,174

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,246,140 · end of year $1,449,399

  • 19 · Deferred revenue

    beginning of year $885,536 · end of year $3,710,342

  • 21 · Escrow or custodial account liability

    beginning of year $26,800 · end of year $19,850

  • 23 · Secured mortgages and notes payable

    beginning of year $11,323,556 · end of year $9,990,363

  • 25 · Other liabilities

    beginning of year $100,896 · end of year $140,007

  • 27 · Net assets without donor restrictions

    beginning of year $10,713,412 · end of year $10,174,278

  • 28 · Net assets with donor restrictions

    beginning of year $1,580,356 · end of year $1,538,746

Mission and programs · 2024

Mission

ONE NEIGHBORHOOD BUILDERS (ONE/NB) IS A COMMUNITY DEVELOPMENT ORGANIZATION WITH A MISSION TO PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY. WE ACCOMPLISH OUR MISSION THROUGH: STRATEGIC REAL ESTATE DEVELOPMENT WITHIN RHODE ISLAND TO INCREASE THE AVAILABILITY OF AFFORDABLE HOMES, SPUR ECONOMIC DEVELOPMENT, AND PROTECT OUR NATURAL RESOURCES; ENGAGEMENT OF PROVIDENCE 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.

Activities or mission (Part I)

HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS

  • REAL ESTATE DEVELOPMENT AND ASSET MANAGEMENT: SINCE ITS FOUNDING IN 1988, ONB HAS DEVELOPED OVER 600 AFFORDABLE HOMES AND NEARLY 45,000 SQUARE FEET OF COMMERCIAL AND COMMUNITY SPACE, INVESTING OVER $142 MILLION IN HISTORICALLY DISINVESTED COMMUNITIES ACROSS RHODE ISLAND. ONB OWNS AND MANAGES MORE THAN 450 RESIDENTIAL UNITS, PROVIDING HIGH-QUALITY, DEED-RESTRICTED AFFORDABLE HOUSING AND SUPPORTIVE SERVICES FOR LOW- AND MODERATE-INCOME HOUSEHOLDS.

    Expenses $2,615,803 · Grants $789,246 · Revenue $2,151,978

  • COMMUNITY BUILDING: ONB CONVENES CENTRAL PROVIDENCE UNIDOS, A PLACE-BASED, COLLECTIVE IMPACT INITIATIVE INCREASING ECONOMIC MOBILITY AND HEALTH EQUITY IN CENTRAL PROVIDENCE. CENTRAL PROVIDENCE UNIDOS OVERSEES THE IMPLEMENTATION OF THE CENTRAL PROVIDENCE ROADMAP, THE FIRST COMPREHENSIVE, COMMUNITY-BUILT COLLECTIVE IMPACT PLAN FOCUSED ON THE NINE NEIGHBORHOODS IN THE 02908 AND 02909 ZIP CODES.

    Expenses $2,217,858

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Lorraine Lalli

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Evelyn Ranone

    VICE- CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Rochelle Lee

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Domenic Delmonico

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Barry O'Connor Jr

    OUTGOING-DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Bonnie Nickerson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chris Koller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Claribel Shavers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Howlett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joelle Rocha

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Kevin Essington

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren Greene

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melissa Cruz

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Azar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Veronica Martinez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Xander Marro

    OUTGOING-DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Hawkins

    PRESIDENT (UNTIL 09/24)

    Total calculated
    $179,054
    From this org
    $179,054
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,054
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $179,054

  • Tonya Johnson

    SENIOR VP OF FINANCE & OPERATIONS

    Total calculated
    $79,613
    From this org
    $77,211
    From related orgs
    $0
    Other
    $2,402
    Hours/week
    40

  • Grace Evans

    VP OF STRATEGY & CHIEF OF STAFF

    Total calculated
    $133,625
    From this org
    $131,581
    From related orgs
    $0
    Other
    $2,044
    Hours/week
    40

  • Anusha Venkataraman

    MANAGING DIRECTOR OF ONECP

    Total calculated
    $138,174
    From this org
    $130,253
    From related orgs
    $0
    Other
    $7,921
    Hours/week
    40

  • Michelle Bleau

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $117,205
    From this org
    $115,222
    From related orgs
    $0
    Other
    $1,983
    Hours/week
    40

  • Belinda Philippe

    VP OF PEOPLE AND BELONGING

    Total calculated
    $111,600
    From this org
    $107,226
    From related orgs
    $0
    Other
    $4,374
    Hours/week
    40

  • Kyle J McKendall

    RESOURCE DEVELOPMENT & COMMUNICATION

    Total calculated
    $107,215
    From this org
    $107,215
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • 60 KING STREET LLC

    501(C)(2) · LAND HOLDING · RI · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PHP LESSEE LLC (PHP)

    LOW INCOME HOUSING · RI · income $0 · assets $0

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • PHP MANAGER LLC

    DEVELOPMENT OF AFFORDABLE HOUSING · RI · income $0 · assets $0

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ADELAIDE AVENUE LP

    RELATED · LOW INCOME HOUSING · RI · 0.01% owned · share of income -$17 · share of assets $411,870 · general or managing partner

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • AMHERST GARDENS LP

    RELATED · LOW INCOME HOUSING · RI · 0.01% owned · general or managing partner

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • BROAD STREET HOMES LIMITED PARTNERSHIP

    RELATED · LOW INCOME HOUSING · RI · 1% owned · general or managing partner

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • BROAD STREET REVITALIZATION LP

    RELATED · LOW INCOME HOUSING · RI · 100% owned · share of income -$109,821 · share of assets $3,781,045

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • CENTER CITY APARTMENTS LLC

    RELATED · LOW INCOME HOUSING · RI · 100% owned

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • ELMWOOD II STATE CREDIT INVESTORS LLC

    LOW INCOME HOUSING · RI

  • ELMWOOD NEIGHBORHOOD REVITALIZATION II LP

    RELATED · LOW INCOME HOUSING · RI · 99.98% owned · general or managing partner

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • HARRIS AVENUE LLC

    RELATED · LOW INCOME HOUSING · RI · 100% owned

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • KING STREET COMMONS LIMITED PARTNERSHIP

    LOW INCOME HOUSING · RI

  • NEW POLISH NATIONAL HOME LLC

    RELATED · REAL ESTATE INVESTMENT · RI · 100% owned · share of income -$21,130 · share of assets $1,213,587 · general or managing partner

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • NORTH ELMWOOD REVITALIZATION LP

    RELATED · LOW INCOME HOUSING · RI · 0.01% owned · general or managing partner

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • OLNEY VILLAGE LP

    RELATED · LOW INCOME HOUSING · RI · 0.01% owned · general or managing partner

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • OLNEYVILLE REDUX LIMITED PARTNERSHIP

    RELATED · LOW INCOME HOUSING · RI · 100% owned

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • PARKIS HISTORIC PROPERTIES LLC

    RELATED · LOW INCOME HOUSING · RI · 99% owned · share of income -$125,383 · share of assets $2,283,259

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • RIVERSIDE GATEWAY LP

    RELATED · LOW INCOME HOUSING · RI · 0.01% owned · general or managing partner

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • RIVERSIDE SQUARE LLC

    RELATED · LOW INCOME HOUSING · RI · 100% owned

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • SUTTON PLACE LP

    RELATED · LOW INCOME HOUSING · RI · 100% owned · share of income -$171,370 · share of assets $5,555,672

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • THE AVENUE OF PROVIDENCE RESIDENTIAL LP

    LOW INCOME HOUSING · RI · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ADELAIDE AVENUE DEVELOPMENT CORPORATION

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • AMHERST GARDENS APARTMENTS INC

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · share of income $1 · share of assets $100 · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • BSR INC

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · share of income $1 · share of assets $125 · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • ELMWOOD NEIGHBORHOOD REVITALIZATION II

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • ELMWOOD NEIGHBORHOOD REVITALIZATION INC

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • KING STREET COMMONS DEVELOPMENT CO

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · share of assets $5,201 · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • NORTH ELMWOOD DEVELOPMENT CORPORATION

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • OLNEY VILLAGE PARTNERS INC

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • ORCA INC

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · share of assets $18,256 · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • RIVERSIDE GATEWAY PARTNERS INC

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · share of assets $202,404 · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • SP DEVELOPMENT INC

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · share of assets $100 · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • THE AVENUE DEVELOPMENT CORPORATION

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

  • BROAD STREET HOMES DEVELOPMENT CORPORATION

    C · LOW INCOME HOUSING PARTNERSHIP · RI · 100% owned · controlled entity

    Directly controlled by OLNEYVILLE HOUSING CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513199349300421

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