2024-11-11T10:50:10-06:00 2024-06-30 881478669 CBIZ ADVISORS LLC 100 WESTMINSTER STREET SUITE 500 PROVIDENCE RI 02903 990 2023-07-01 050319515 ECONOMIC DEVELOPMENT FOUNDATION OF RHODE ISLAND INC ECON 4016581050 1300 HIGHLAND CORPORATE DR 202 CUMBERLAND RI 02864 SCOTT GIBBS PRESIDENT 4016580665 2024-11-05 1 1 DAVID FONTAINE P00011053 4016004500 2024-11-05 2023 2024-10-15 13:58:12Z SCOTT GIBBS 1300 HIGHLAND CORPORATE DR 202 CUMBERLAND RI 02864 297884 0 X WWW.EDF-RI.COM X 1968 RI TO DEVELOP AND SELL REAL ESTATE TO FACILITATE LOCAL TAX BASE EXPANSION AND QUALITY JOB OPPORTUNITIES IN THE STATE OF RI 13 13 2 0 0 0 0 0 32000 43000 5081 3810 484961 251074 522042 297884 0 0 0 0 378994 366529 0 0 0 509184 176229 888178 542758 -366136 -244874 4740774 4476347 147289 127736 4593485 4348611 TO DEVELOP AND SELL REAL ESTATE TO FACILITATE LOCAL TAX BASE EXPANSION AND QUALITY JOB OPPORTUNITES IN THE STATE OF RHODE ISLAND. 0 0 228615 294074 THE CORPORATION WAS INITIATED TO DEVELOP AND SELL REAL ESTATE TO FACILITATE LOCAL TAX BASE EXPANSION AND QUALITY JOB OPPORTUNITIES IN THE STATE OF RI 228615 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 9 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 0 0 X THE ORGANIZATION 4016581050 1300 HIGHLAND CORPORATE DR 202 CUMBERLAND RI 02864 JOHN F MCJENNETT III CHAIRMAN 0.00 X X 0 0 0 ROBERT E NAULT VICE CHAIRMAN 0.00 X X 0 0 0 LAUREL L BOWERMAN SECRETARY 0.00 X X 0 0 0 LLOYD R GARIEPY TREASURER 0.00 X X 0 0 0 JAMES J BELLIVEAU DIRECTOR 0.00 X 0 0 0 ANTHONY W CANER DIRECTOR 0.00 X 0 0 0 DANA M NEWBROOK DIRECTOR 0.00 X 0 0 0 LARRY D RIGGS DIRECTOR 0.00 X 0 0 0 JOHN J VERNANCIO DIRECTOR 0.00 X 0 0 0 COLIN P KANE DIRECTOR 0.00 X 0 0 0 ALAN J DOYLE DIRECTOR 0.00 X 0 0 0 STEPHEN M DYLAG DIRECTOR 0.00 X 0 0 0 GARY S SASSE DIRECTOR 0.00 X 0 0 0 SCOTT GIBBS PRESIDENT 40.00 X 234000 0 0 234000 0 0 1 0 1 0 0 MANAGEMENT FEES 531310 43000 43000 43000 3810 3810 PASS THRU INCOME SUBSI 531120 193125 193125 MISCELLANEOUS REVENUE 531120 57949 57949 251074 297884 294074 0 3810 323221 205874 117347 21414 8796 12618 21894 13945 7949 2975 2975 19785 19785 11180 11180 2657 2657 22336 22336 8297 8297 1866 1866 10683 10683 13774 13774 MAINTENANCE 48020 48020 CONDO EXPENSES 12090 12090 PROPERTY TAXES 5730 5730 MISC EXPENSES 5116 5116 11720 11720 542758 228615 314143 0 23993 280102 1376869 876286 6385 4000 7684 8697 406532 222091 195124 184441 2130473 2187997 1000246 934824 4740774 4476347 119620 99750 27669 27986 147289 127736 X 4593485 4348611 4593485 4348611 4740774 4476347 -244874 0 X X 0 1 X 1 0 X 365674 186274 179400 40858 35817 5041 184441 INVESTMENT IN SUBSIDIARY 2187997 C 2187997 DUE FROM SUBSIDIARY 17571 LAND INVENTORY 917253 934824 X PART X, LINE 2: THE CORPORATION EVALUATES THEIR UNCERTAIN TAX POSITIONS USING THE GUIDANCE FOR CONTINGENCIES AS CONTAINED IN UNITED STATES GENERALLY ACCEPTED ACCOUNTING PRINCIPLES. ACCORDINGLY, A LOSS CONTINGENCY WOULD BE RECOGNIZED WHEN IT IS PROBABLE THAT A LIABILITY HAS BEEN INCURRED ON THE DATE OF THE FINANCIAL STATEMENTS AND THE AMOUNT OF THE LOSS CAN BE REASONABLY ESTIMATED. THE AMOUNT TO BE RECOGNIZED IS SUBJECT TO ESTIMATE AND MANAGEMENT JUDGMENT WITH RESPECT TO THE LIKELY OUTCOME OF EACH UNCERTAIN TAX POSITION. THE AMOUNT THAT IS ULTIMATELY SUSTAINED FOR AN INDIVIDUAL UNCERTAIN TAX POSITION OR FOR ALL UNCERTAIN TAX POSITIONS IN THE AGGREGATE COULD DIFFER FROM THESE ESTIMATES. THE CORPORATION HAS NOT RECOGNIZED LIABILITIES FOR ANY UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2024. AS OF JUNE 30, 2024, THE COMPANY'S INCOME TAX RETURNS GENERALLY REMAIN OPEN FOR EXAMINATION FOR THREE YEARS FROM THE DATE FILED WITH EACH TAXING JURISDICTION. X 0 0 0 0 0 0 0 0 0 SCOTT GIBBS PRESIDENT 234000 0 0 0 0 0 0 0 0 0 234000 0 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE OFFICERS' COMPENSATION AND SUBMITS RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE RECOMMENDATIONS ARE REVIEWED BY THE BOARD AND ARE RATIFIED BY A BOARD VOTE. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OCCASIONALLY VOTES TO AUTHORIZE THE EXECUTIVE COMMITTEE TO FINALIZE LEGAL DOCUMENTS, AS LONG AS THERE ARE NO SIGNIFICANT CHANGES FROM WHAT WAS PRESENTED TO THE BOARD. FORM 990, PART VI, SECTION B, LINE 11B FORMS 990 ARE PREPARED BY BOARD ELECTED CPA FIRM. BOARD REVIEWS ALL FINANCIAL STATEMENTS OF ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C WHEN A POTENTIAL CONFLICT OF INTEREST ARISES, THE BOARD MEMBER EXITS THE ROOM DURING DISCUSSION AND ABSTAINS FROM VOTING. FORM 990, PART VI, SECTION B, LINE 15A THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE OFFICERS' COMPENSATION AND SUBMITS RECOMMENDATIONS TO THE BOARD OF DIRECTORS. THE RECOMMENDATIONS ARE REVIEWED BY THE BOARD AND ARE RATIFIED BY A BOARD VOTE. FORM 990, PART VI, SECTION C, LINE 18 DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HIGHLAND CCC I LLC 1300 HIGHLAND CORPORATE DRIVE CUMBERLAND RI 02864 261626022 REAL ESTATE HOLDING RI ECONOMIC DEVELOPMENT FOUNDATION OF RI 179525 2001753 0 1 0.67800 HIGHLAND CCC II LLC 1300 HIGHLAND CORPORATE DRIVE CUMBERLAND RI 02864 270228725 REAL ESTATE HOLDING RI ECONOMIC DEVELOPMENT FOUNDATION OF RI 18003 3223131 0 1 0.87510 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0