2024-10-09T16:41:22-05:00 2023-12-31 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2023-01-01 222907602 WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION WOON 4017620993 719 FRONT STREET 103 WOONSOCKET RI 02895 JOSEPH GARLICK EXECUTIVE DIRECTOR 4017620993 2024-10-08 1 1 MICHAEL PRUELL CPA P01585061 5083669100 2024-10-08 2023 2024-10-15 13:58:12Z NEIGHBORWORKS BLACKSTONE RIVER VALL JOSEPH GARLICK 719 FRONT STREET 103 WOONSOCKET RI 02895 2808381 0 X WWW.NEIGHBORWORKSBRV.ORG X 1987 RI NEIGHBORWORKS BLACKSTONE RIVER VALLEY (NWBRV) IS A NONPROFIT COMMUNITY DEVELOPMENT CORPORATION THAT WORKS WITH RESIDENTS, BUSINESSES, NEIGHBORHOOD INSTITUTIONS, PARTNERS AND COMMUNITIES TO ENRICH NEIGHBORHOOD LIFE AND MAKE AFFORDABLE HOUSING OPPORTUNITIES AVAILABLE THROUGHOUT THE BLACKSTONE RIVER VALLEY. 13 13 58 269 0 0 3358620 1876131 390021 618770 0 -6339 746 146429 3749387 2634991 0 0 0 0 2221909 2372342 0 0 3105 1082560 2888313 3304469 5260655 444918 -2625664 27502471 23595419 21515196 20087726 5987275 3507693 X WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION D/B/A NEIGHBORWORKS BLACKSTONE RIVER VALLEY'S (WNDC) PRIMARY PURPOSE IS TO DEVELOP, OWN, MANAGE, FINANCE AND PRESERVE DECENT, SAFE AND AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND INDIVIDUALS IN THE BLACKSTONE RIVER VALLEY. 0 0 2524365 479745 REAL ESTATE DEVELOPMENT: OVER THE COURSE OF 2023, DEVELOPMENT COMMENCED ON THE REHABILITATION OF 3 HISTORIC MILLS IN WOONSOCKET INTO 70 UNITS OF AFFORDABLE HOUSING AND 16,000 S/F OF COMMERCIAL/COMMUNITY SPACE. CONSTRUCTION CONTINUED ON 13 HOMEOWNERSHIP UNITS IN EAST PROVIDENCE; UNITS INCLUDE 4 LIVE/WORK WITH FIRST FLOOR COMMERCIAL, 1 ACCESSIBLE UNIT WITH ELEVETTE, AND 8 ADDITIONAL TOWNHOUSE STYLE UNITS. 350957 124497 HOMEOWNERSHIP: THE HOMEOWNERSHIP CENTER SUPPORTED 52 CUSTOMERS IN PURCHASING A HOME, ASSISTED 10 INDIVIDUALS IN PRESERVING THEIR HOME FROM FORECLOSURE, AND SUPPORTED A TOTAL OF 241 HOUSEHOLDS WITH HOMEBUYER EDUCATION AND COUNSELING. 1600990 14528 COMMUNITY BUILDING AND ENGAGEMENT: THE ACCESSING HOME AMERICORPS PROGRAM DEPLOYED 11 AMERICORPS MEMBERS TO PROVIDE HOUSING STABILIZATION SERVICES TO 2,022 RHODE ISLANDERS. THE MILLRACE KITCHEN SUPPORTED 24 START-UP FOOD BUSINESS. THE LEVITT AMP WOONSOCKET MUSIC SERIES ENRICHED THE LIVES OF 2,500+ ATTENDEES THROUGH THE POWER OF FREE, LIVE MUSIC. THE K-12TH GRADE LEARNING CENTERS PROVIDED PROGRAMMING TO 31 AREA YOUTH. 404106 146429 ASSET MANAGEMENT: STAFF CONTINUE TO MANAGE THE PORTFOLIO TO MINIMIZE VACANCIES. 404106 146429 4880418 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 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 1 1 1 0 0 0 1 57 0 1 58 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X JOSEPH GARLICK 4017620993 719 FRONT STREET 103 WOONSOCKET RI 02895 RICHARD KYTE JR PRESIDENT 1.50 X X 0 0 0 NANCY GIAMBUSSO VICE PRESIDENT 1.50 X X 0 0 0 PAUL M DUMOUCHEL TREASURER 1.50 X X 0 0 0 EMMA DANDY SECRETARY 1.50 X X 0 0 0 MICHAEL SKELDON DIRECTOR 1.50 X 0 0 0 NANCY BENOIT DIRECTOR 1.50 X 0 0 0 NANCY PARADEE DIRECTOR 1.50 X 0 0 0 RANDALL SACILOTTO DIRECTOR 1.50 X 0 0 0 AMBREA ALLEN DIRECTOR 1.50 X 0 0 0 PAM WILLIAMS DIRECTOR 1.50 X 0 0 0 WILLIAM BARR DIRECTOR 1.50 X 0 0 0 CAROLL CHATTMAN DIRECTOR 1.50 X 0 0 0 BARBARA DECHRISTOFARO DIRECTOR 1.50 X 0 0 0 JOSEPH GARLICK EXECUTIVE DIRECTOR 40.00 X 118060 0 37207 MEG REGO DIR. OF DEV. RESOURCE & COMMS. 40.00 X 104588 0 9025 222648 0 46232 2 0 1 0 NATION WIDE CONSTRUCTION CORP 310 GEORGE WASHINGTON HWY STE 400 SMITHFIELD RI 02917 CONSTRUCTION 1867388 HV COLLINS COMPANY 99 GANO ST PROVIDENCE RI 02906 ARCHITECT 1427987 2 1432744 443387 1876131 DEVELOPER FEES 925120 419101 419101 RESIDENT AND PROGRAM S 925120 124497 124497 PROJECT REIMBURSEMENTS 900099 60644 60644 RENTAL INCOME 531110 14528 14528 618770 1876 1876 165175 173390 -8215 -8215 -8215 OTHER REVENUE 900099 146429 146429 146429 2634991 765199 0 -6339 155266 144398 7763 3105 1691577 1537338 154239 32406 30138 2268 342257 313172 29085 150836 138070 12766 4066 4066 65379 65379 65681 63536 2145 34838 32131 2707 496762 431381 65381 125267 125267 LOSS ON PREDEVELOPMENT 1805172 1805172 MISCELLANEOUS 233182 164139 69043 PROGRAM AND CLIENT EXPE 30297 30297 BAD DEBT 27669 27669 5260655 4880418 377132 3105 204538 69014 494469 377600 406564 447983 7566 78858 2989709 1422130 1535743 1567579 13474506 13343506 11379085 7710879 27502471 23595419 958025 756463 20248623 19320263 308548 11000 21515196 20087726 X 4283876 3284041 1703399 223652 5987275 3507693 27502471 23595419 X -2625664 146082 X X 0 1 X 1 1 1 X 1554499 2599381 2702025 3358620 1876131 12090656 1554499 2599381 2702025 3358620 1876131 12090656 12090656 959 8825 19204 1876 30864 12121520 3177030 0.99750 0.99110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29385 29385 2364356 1015368 1348988 595968 406762 189206 1567579 RELATED PARTY NOTES AND INTEREST RECEIVABLE 13343506 F 13343506 PROJECTS UNDER DEVELOPMENT 7123748 DUE FROM AFFILIATES 587131 7710879 DUE TO AFFILIATES 11000 11000 X PART X, LINE 2: WNDC ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE CONSOLIDATING FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. WNDC HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATING FINANCIAL STATEMENTS AT DECEMBER 31, 2023. X X X 0 0 0 0 0 0 0 0 0 JOSEPH GARLICK EXECUTIVE DIRECTOR 118060 0 0 0 0 0 3542 0 33665 0 155267 0 0 0 PART I, LINE 3 COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE EXECUTIVE COMMITTEE FOR THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE REGULARLY COMPARES COMPENSATION OF SIMILAR SIZED LOCAL ORGANIZATIONS THAT HELPS DETERMINE THE COMPENSATION FOR MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 3 WNDC DELEGATES CONTROL OF THEIR LIMITED PARTNERSHIP PORTFOLIO TO PROPERTY MANAGEMENT COMPANIES. FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN AN ANNUAL CONFLICT OF INTEREST FORM EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 WNDC'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILIBLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSET TRANSFER 146,082. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. 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