2024-11-14T10:11:58-06:00 2024-06-30 453085083 DAMIANO BURK & NUTTALL PC 6 BLACKSTONE VALLEY PL STE 109 LINCOLN RI 02865 990 2023-07-01 383725519 VILLITA APARTMENTS INC VILL 4019412900 861A BROAD STREET PROVIDENCE RI 02907 FRANK SHEA EXECUTIVE DIRECTOR 4019412900 2024-11-13 1 1 JASON NUTTALL P00157872 4013332880 2024-11-13 2023 2024-10-15 13:58:12Z FRANK SHEA 861A BROAD ST PROVIDENCE RI 02907 300002 0 X WWW.WDCHOC.ORG X 2005 RI TO PROVIDE AFFORDABLE HOUSING IN PROVIDENCE,RI FOR SENIOR CITIZENS AND THE DISABLED. 7 7 0 0 0 0 220323 218380 59204 71124 3060 10498 0 0 282587 300002 0 0 0 0 65850 54587 0 0 0 199870 207177 265720 261764 16867 38238 1405665 1438070 1105826 1099994 299839 338076 X COST INCURRED IN CONNECTION WITH THE PROVISIONS OF PROJECT-BASED SECTION 8 AND SECTION 524(A)AND (C) OF THE MULTIFAMILY ASSISTED HOUSING REFORM AND AFFORDABILITY ACT OF 1997 (MAHRA). OWNS AND OPERATES A 17 UNIT APARTMENT COMPLEX IN PROVIDENCE, RI FOR LOW INCOME ELDERLY TENANTS. 0 0 225809 71124 PROVIDE LOW INCOME HOUSING TO THE ELDERLY IN THE PROVIDENCE, RI AREA UNDER SECTION 8 AND SECTION 524 (17 UNITS) 225809 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X LILLIAN MOLLOY 4019412900 861A BROAD ST PROVIDENCE RI 02907 X FRANK SHEA PRESIDENT 1.00 39.00 X 0 0 0 VICKIE WALTERS VICE PRESIDENT 0.50 X 0 0 0 MICHELLE BROPHY SECRETARY 0.50 X 0 0 0 LARRYT KELLAM TREASURER 0.50 X 0 0 0 0 0 0 0 0 0 0 0 218380 218380 TENANT RENT 531110 71104 71104 TENANT CHARGES 531110 20 20 71124 10498 10498 300002 71124 0 10498 54587 54587 22132 22132 91 91 7500 7500 4278 4278 62727 62727 423 423 54730 54730 41768 41768 11997 11997 MISCELLANEOUS ADMIN EXP 1531 1531 261764 225809 35955 0 55383 60385 382454 417031 53 122 8651 18194 1685548 743210 959124 942338 1405665 1438070 362444 360909 252 432 740597 736120 2533 2533 1105826 1099994 X -587221 -548984 887060 887060 299839 338076 1405665 1438070 X 38238 -1 X X 0 1 X 1 1 1 X 168748 175809 191787 220323 218380 975047 168748 175809 191787 220323 218380 975047 975047 6234 698 602 3060 10498 21092 996139 297296 0.97880 0.98350 X 29054 29054 1593331 681843 911488 25447 23651 1796 37716 37716 0 942338 TENANT SECURITY DEPOSIT LIAB 2533 2533 X 300002 0 300002 0 300002 261764 0 261764 0 261764 PART X, LINE 2: INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE CORPORATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT TO THE CORPORATION 'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT JUNE 30, 2024. TAX YEARS PRIOR TO 2020 HAVE BEEN CLOSED FOR EXAMINATION BY TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS AVAILABLE FOR REVIEW BY THE GOVERNING BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY ADHERES TO THE CONFLICT OF INTEREST POLICY THAT IS IN PLACE. THIS POLICY IS REVIEWED PERIODICALLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING -1. FORM 990 PART XII LINE 2C THERE HAVE BEEN NO CHANGES TO THE ORGANIZATION'S PROCESS FOR SELECTING INDEPENDENT AUDITORS OR WITH RESPECT TO OVERSIGHT OF THE AUDIT. HOUSING OPPORTUNITIES CORP 861A BROAD ST PROVIDENCE RI 02907 222487344 MANAGEMENT COMPANY RI 501C ACTIVE 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 HOUSING OPPORTUNITIES CORPORATION M 22132 COST HOUSING OPPORTUNITIES CORPORATION O 54587 COST HOUSING OPPORTUNITIES CORPORATION P 1954 COST