2024-11-01T09:39:41-05:00 2024-06-30 050405576 OTRANDO PORCARO & ASSOCIATES LTD 2258 POST ROAD WARWICK RI 02886 990 2023-07-01 050506548 ROSE-ARC HOUSING INC ROSE 4017270150 500 PROSPECT STREET PAWTUCKET RI 02860 JOHN J PADIEN III CHIEF EXECUTIVE OFFICER 4017270150 2024-10-25 1 0 GREGORY PORCARO CPAABV MST P00633303 4017399250 2024-10-02 2023 2024-10-15 13:58:12Z JOHN J PADIEN III 500 PROSPECT STREET PAWTUCKET RI 02860 81971 0 X N/A X 2000 RI FOR THE CHARITABLE PURPOSE OF DEVELOPING AND OPERATING ROSE-ARC HOUSING, A RESIDENTIAL FACILITY FOR DISABLED PERSONS, CONSISTING OF 10 APARTMENTS, UNDER SECTION 811 OF THE NATIONAL HOUSING ACT. 12 12 0 0 0 0 49283 45198 33613 36300 142 197 2672 276 85710 81971 0 0 0 0 0 0 0 0 0 139686 134703 139686 134703 -53976 -52732 327934 288450 866391 879639 -538457 -591189 FOR THE CHARITABLE PURPOSE OF DEVELOPING AND OPERATING ROSE-ARC HOUSING, A RESIDENTIAL FACILITY FOR DISABLED PERSONS, CONSISTING OF 10 APARTMENTS, UNDER SECTION 811 OF THE NATIONAL HOUSING ACT. 0 0 101794 36576 THE ORGANIZATION OPERATES A 10 UNIT RESIDENTIAL FACILITY FOR DISABLED PERSONS LOCATED IN PAWTUCKET, RI. 101794 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 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 0 1 4 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X CATHERINE GILLIGAN 4017270150 500 PROSPECT STREET PAWTUCKET RI 02860 THOMAS E HODGE DIRECTOR 0.30 2.90 X 0 0 0 JOSEPH F MCENNESS TREASURER 0.30 3.20 X X 0 0 0 KATHLEEN O'NEILL SECRETARY 0.30 3.20 X X 0 0 0 WILLIAM J SZAFAROWICZ PRESIDENT 0.30 3.20 X X 0 0 0 BARBARA A CONNORS DIRECTOR 0.30 3.20 X 0 0 0 HENRIQUE T PEDRO RPH DIRECTOR 0.30 3.20 X 0 0 0 BROTHER JAMES M PETERSON DIRECTOR 0.30 3.20 X 0 0 0 KEVIN SPENCER DIRECTOR 0.30 3.20 X 0 0 0 ANITRA VALLES DIRECTOR 0.30 3.20 X 0 0 0 MARGARET O'NEILL DIRECTOR 0.30 3.20 X 0 0 0 LISA DUBREUIL DIRECTOR 0.30 3.20 X 0 0 0 JOHN J PADIEN III CHIEF EXECUTIVE OFFICER 1.00 30.00 X 0 161814 36004 0 161814 36004 0 0 1 0 0 45198 45198 TENANT RENTS 532000 36300 36300 36300 197 197 A/C CHARGES 532000 276 276 276 81971 36576 0 197 19445 19445 12000 12000 1464 1464 57751 57751 31827 31827 12216 12216 134703 101794 32909 0 9755 479 12843 0 4054 3952 883970 653219 262578 230751 38704 53268 327934 288450 36845 49614 829546 830025 866391 879639 X -538457 -591189 -538457 -591189 327934 288450 -52732 0 X X 0 1 X 0 1 1 X 54309 51761 51372 49283 45198 251923 54309 51761 51372 49283 45198 251923 251923 11 16 8 142 197 374 1113 2672 276 4061 256358 162376 0.98270 0.98080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 105434 105434 778536 653219 125317 230751 TENANT DEPOSITS HELD IN TRUST 189 REPLACEMENT RESERVE 41915 RESIDUAL RECEIPTS RESERVE 11164 53268 LOANS FROM PHOENIX 3500 PREPAID RESIDENT RENT 825 MORTGAGE PAYABLE 50000 MORTGAGE PAYABLE- SECOND 775700 830025 X 81971 0 81971 0 81971 134703 0 134703 0 134703 PART X, LINE 2: THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, THE CORPORATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION ("ASC") 740, INCOME TAXES, THE CORPORATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE CORPORATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 0 0 0 0 0 0 0 0 0 JOHN J PADIEN III CHIEF EXECUTIVE OFFICER 0 161814 0 0 0 0 0 3267 0 32737 0 197818 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION UTILIZES A THIRD PARTY MANAGEMENT COMPANY TO PROVIDE VARIOUS SERVICES INCLUDING ACCOUNTING AND BUDGETING, RESIDENT RESOURCES, AND FACILITIES MANAGEMENT. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION HAS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B EACH MEMBER OF THE ORGANIZATION'S BOARD RECEIVED A COPY OF THE FORM 990. MEMBERS OF THE ORGANIZATION'S FINANCE/AUDIT COMMITTEE REVIEWED THE FORM 990 PRIOR TO FILING AND RECOMMENDED TO THE BOARD TO ACCEPT THE FORM AS COMPLETED. FORM 990, PART VI, SECTION B, LINE 12C IF ANY POSSIBLE CONFLICT OF INTEREST IS RAISED IT IS REVIEWED BY THE BOARD TO DETERMINE IF IT IS A TRUE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE ORGANIZATION'S LOCATION. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS MADE NO CHANGES TO ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR. THE ORGANIZATION'S OVERSIGHT COMMITTEE OVERSEES THE AUDIT. 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