2024-09-12T14:50:07-05:00 2023-12-31 420714325 RSM US LLP 80 CITY SQUARE BOSTON MA 02129 990 2023-01-01 056015875 PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION PROV 4012746637 207 CRANSTON STREET PROVIDENCE RI 02907 JIMPS G JEAN-LOUIS TREASURER 4012746637 2024-08-30 1 0 KAREN LO P01434915 6179129000 2024-08-30 2023 2024-08-08 14:25:15Z WIGGIN VILLAGE APARTMENTS WAYNE J MONTAGUE SR 207 CRANSTON STREET PROVIDENCE RI 02907 6001316 0 X N/A X 1983 RI THE PURPOSE OF THE PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION IS TO PROVIDE DECENT, SANITARY, AFFORDABLE HOUSING FOR THE LABORING CLASS RESIDENTS OF PROVIDENCE, RI AND TO PROVIDE FOR BETTER EDUCATIONAL OPPORTUNITIES FOR THEIR CHILDREN. IT SHALL PROMOTE ALL ACTIVITIES AND OPPORTUNITIES OF THE ASSOCIATION WITHOUT REGARD TO RACE, RELIGION, COLOR, ORIGIN, SEX, AGE, ETHNICITY, SEXUAL PREFERENCE, HANDICAPPED OR DISABLED EXCEPT AS A BONAFIDE AND LEGIMIATE CONSIDERATION AS IN THE CASE OF ELDERLY/HANDICAPPED HOUSING. 24 24 0 24 0 0 338 20000 5438985 5638347 41379 154757 7038 6076 5487740 5819180 3000 0 0 0 651477 664460 0 0 0 4161899 4252928 4816376 4917388 671364 901792 18774796 19430078 17885668 17526668 889128 1903410 X THE PURPOSE OF THE PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION IS TO PROVIDE DECENT, SANITARY, AFFORDABLE HOUSING FOR THE LABORING CLASS RESIDENTS OF PROVIDENCE, RI AND TO PROVIDE FOR BETTER EDUCATIONAL OPPORTUNITIES FOR THEIR CHILDREN. IT SHALL PROMOTE ALL ACTIVITIES AND OPPORTUNITIES OF THE ASSOCIATION WITHOUT REGARD TO RACE, RELIGION, COLOR, ORIGIN, SEX, AGE, ETHNICITY, SEXUAL PREFERENCE, HANDICAPPED OR DISABLED EXCEPT AS A BONAFIDE AND LEGIMIATE CONSIDERATION AS IN THE CASE OF ELDERLY/HANDICAPPED HOUSING. 0 0 4293934 5638347 TO PROVIDE 285 UNITS OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND COMMERCIAL SPACE IN PROVIDENCE, RHODE ISLAND. 4293934 1 1 0 0 0 0 0 0 1 0 1 0 0 1 0 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 0 0 0 0 1 18 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 1 1 0 0 1 1 0 1 1 0 0 1 0 0 0 0 0 0 X WINN MANAGEMENT COMPANY LLC 6177424500 ONE WASHINGTON MALL SUITE 500 BOSTON MA 02108 X EULALIA BLANCO TRUSTEE 0.50 X 0 0 0 CAROL ANNE COSTA TRUSTEE 0.50 X 0 0 0 BRANDFORD DAVIS TRUSTEE 0.50 X 0 0 0 CHRISTOPHER DICOMITIS TRUSTEE 0.50 X 0 0 0 DARLENE GOMES TRUSTEE 0.50 X 0 0 0 ATENEA HERNANDEZ TRUSTEE 0.50 X 0 0 0 EUGENIO HERNANDEZ TRUSTEE 0.50 X 0 0 0 MARCILLIA F HUGLEY TRUSTEE 0.50 X 0 0 0 CATHERINE R LOVE TRUSTEE 0.50 X 0 0 0 RAUL MARTINEZ TRUSTEE 0.50 X 0 0 0 THOMAS A MEZZANOTTE TRUSTEE 0.50 X 0 0 0 RUBEN OGANDO TRUSTEE 0.50 X 0 0 0 STEVEN PITASSI TRUSTEE 0.50 X 0 0 0 ANTHONY SAURO TRUSTEE 0.50 X 0 0 0 MICHAEL SOLOMON TRUSTEE 0.50 X 0 0 0 MICHAEL STEVENS TRUSTEE 0.50 X 0 0 0 BARBARA THURMAN TRUSTEE 0.50 X 0 0 0 RAFAEL VALENTIN TRUSTEE 0.50 X 0 0 0 MARKEATA WIGGINS TRUSTEE 0.50 X 0 0 0 BALBINA A YOUNG TRUSTEE 0.50 X 0 0 0 LAWRENCE E YOUNG TRUSTEE 0.50 X 0 0 0 WAYNE J MONTAGUE SR PRESIDENT 0.50 X X 0 0 0 JIMPS G JEAN-LOUIS TREASURER 0.50 X X 0 0 0 PHYLLIS H EVANS SECRETARY 0.50 X X 0 0 0 0 0 0 0 0 0 0 TECH ROOFING SERVICES INC 896 SHERIDAN STREET CHICOPEE MA 01020 RESIDENTIAL ROOF REPLACEMENT 1792097 TECTA AMERICA NEW ENGLAND LLC 1010 WEST CHESTNUT STREET UNIT A BROCKTON MA 02301 COMMERCIAL ROOF REPLACEMENT 275000 WINN MANAGEMENT COMPANY LLC ONE WASHINGTON MALL SUITE 500 BOSTON MA 02108 PROPERTY MANAGEMENT SERVICES 176064 MT PLEASANT HARDWAREALG WINDOW 249 ACADEMY AVENUE PROVIDENCE RI 02908 WINDOW REPLACEMENT 155214 IMPERIAL SECURITY 79 PUTNAM PIKE SUITE 5 JOHNSTON RI 02919 SECURITY SERVICES 104544 5 20000 20000 RENTAL INCOME 531110 5638347 5638347 5638347 150024 150024 186869 182136 4733 4733 4733 MISCELLANEOUS INCOME 900099 3054 3054 TENANT SERVICES 531390 1580 1580 DAMAGES 531390 1442 1442 6076 5819180 5638347 0 160833 525132 254694 270438 98270 42949 55321 41058 26031 15027 176064 176064 46082 46082 35693 35693 16004 16004 8683 8683 80687 80687 885833 885833 837643 837643 982986 982986 296609 296609 OPERATING AND MAINTENAN 850491 850491 VACANCY EXPENSE 27328 27328 BAD DEBT EXPENSE 8825 8825 4917388 4293934 623454 0 1282619 323123 1286791 1143341 18538 66341 270822 309432 34485665 20408605 12026011 14077060 1115891 1796548 2774124 1714233 18774796 19430078 260031 232133 23802 28016 101550 102063 17500285 17164456 17885668 17526668 X 889128 1903410 889128 1903410 18774796 19430078 901792 112490 0 X 0 1 X 1 1 1 X 11399 11050 8000 338 20000 50787 4297671 4909655 5324647 5438985 5638347 25609305 4309070 4920705 5332647 5439323 5658347 25660092 11399 11050 8000 338 20000 50787 0 11399 11050 8000 338 20000 50787 25609305 21780 24600 35693 31070 150024 263167 21780 24600 35693 31070 150024 263167 29811 8706 12973 7038 6076 64604 4360661 4954011 5381313 5477431 5814447 25987863 0.98540 0.98940 0.01010 0.00550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 214335 214335 26926452 15794253 11132199 4802691 3824562 978129 2542187 789790 1752397 14077060 TENANT DEPOSITS HELD IN TRUST 103659 RESERVE FOR REPLACEMENTS 767881 MORTGAGE ESCROW DEPOSITS 148450 DEBT SERVICE RESERVE 694243 1714233 X 5888338 112490 -27328 85162 5803176 16004 16004 5819180 4874056 0 4874056 16004 27328 43332 4917388 PART IV, LINE 2B: SECURITY DEPOSIT LIABILITY: $102,063. THE AMOUNT CONSISTED OF TENANT SECURITY DEPOSITS. THE TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE BANK ACCOUNT AND ARE REFUNDED TO THE TENANT AT THE END OF THE LEASE. PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES, SINCE THE ORGANIZATION WAS FORMED AS A TAX EXEMPT ORGANIZATION AND HAS BEEN GRANTED SECTION 501(C)(3) STATUS BY THE INTERNAL REVENUE SERVICE. U.S. GAAP REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS OF THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND IN OPERATING EXPENSES, RESPECTIVELY. THERE WERE NO SUCH AMOUNTS RECORDED DURING THE YEAR ENDED DECEMBER 31, 2023 OR 2022. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR TAX YEARS BEFORE 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: VACANCY EXPENSE NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS -27,328. SERVICE FEES PART XII, LINE 4B - OTHER ADJUSTMENTS: VACANCY EXPENSE NETTED WITH REVENUE ON AUDITED FINANCIAL STATEMENTS 27,328. SERVICE FEES FORM 990, PART VI, SECTION A, LINE 2 BALBINA YOUNG, TRUSTEE, AND LAWRENCE YOUNG, TRUSTEE, HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 3 WINN MANAGEMENT COMPANY PROVIDES MANAGEMENT SERVICES TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE PBSEA IS COMPRISED OF MEMBERS (AKIN TO STOCKHOLDERS IF THERE WERE A FOR PROFIT). THE TOTAL MEMBERS INCLUDE MEMBERS OF THE BOARD OF TRUSTEES WHICH IS THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ASSOCIATION (PBSEA) ANNUALLY ELECT AND OR REELECT BOARD OF TRUSTEES. THE MEMBERS, HOWEVER, DO NOT GOVERN THE ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY AN AUTHORIZED OFFICER AND IT IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVAILABLE VIA CANDID (FORMERLY KNOWN AS GUIDESTAR) WEBSITE.