2024-05-15T15:17:01-05:00 2023-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-01-01 050481911 OMNI GOVERNOR INC OMNI 4014614442 810 EDDY STREET PROVIDENCE RI 02905 SHARON MORRIS EXECUTIVE DIRECTOR 4014614442 2024-05-10 1 SHARON MORRIS XXX-XX-XXXX 1 GERALD IADELUCA P00247569 4014214800 2024-05-10 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z SHARON MORRIS 810 EDDY STREET PROVIDENCE RI 02905 663274 0 X N/A X 1995 RI LOW-INCOME HOUSING FOR ELDERLY PERSONS 5 5 8 0 0 0 365082 381496 259051 273162 1410 5317 2797 3299 628340 663274 0 0 0 0 147201 163956 0 0 0 594242 620267 741443 784223 -113103 -120949 2830062 2736971 4715208 4743066 -1885146 -2006095 TO PROVIDE LOW-INCOME HOUSING FOR ELIGIBLE ELDERLY PERSONS. 0 0 644067 281778 THE ONLY PROGRAM OF THE PROJECT IS TO PROVIDE LOW-INCOME HOUSING TO ELIGIBLE ELDERLY PERSONS. THE PROGRAM EXPENSES RELATING TO THIS TOTALLED $644,067 AND THE MANAGEMENT AND GENERAL EXPENSES TOTALED $140,156. THE INCOME DIRECTLY RELATED TO NON HOUSING ASSISTANCEPAYMENTS AND PAYMENTS FROM THE RESIDENTS TOTALLING $281,778. 644067 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 1 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 1 0 0 0 X SHARON MORRIS 4014614442 810 EDDY STREET PROVIDENCE RI 02905 STEPHEN NAPOLITANO ESQUIRE DIRECTOR 0.00 X X 0 0 0 SHARON MORRIS DIRECTOR 2.00 40.00 X X 0 153480 43856 SCOTT SLATER TREASURER 0.00 X X 0 0 0 THE HONORABLE JUDGE EDWARD C CLIFTO CHAIRMAN 0.00 X X 0 0 0 JUDGE KEITH CARDOZA SECRETARY 0.00 X X 0 0 0 0 153480 43856 0 0 1 0 0 381496 381496 RENTAL INCOME 531110 292447 292447 VACANCIES 531110 -19285 -19285 273162 5317 5317 TENANT SERVICES AND UT 531390 3299 3299 3299 663274 281778 0 0 149258 88555 60703 1551 920 631 13147 7800 5347 53815 53815 3923 3923 10908 10908 136 136 4829 4829 113810 113810 183303 183303 93909 93909 REAL ESTATE TAXES 52362 52362 CLEANING AND MAINTENANC 51447 51447 RENT EXPENSE 16613 16613 REPAIRS 14932 14932 20280 20280 784223 644067 140156 0 23373 19109 837 8225 4992 13064 6206403 3813410 2511102 2392993 289758 303580 2830062 2736971 37093 72613 343 3916 4606700 4606700 71072 59837 4715208 4743066 X 0 0 0 0 -1885146 -2006095 -1885146 -2006095 2830062 2736971 -120949 0 X X 0 1 X 1 1 1 X 338962 341244 342963 365082 381496 1769747 338962 341244 342963 365082 381496 1769747 1769747 924 775 663 1410 5317 9089 7966 2688 3118 2797 3299 19868 1798704 1298325 0.98390 0.98390 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 60000 60000 6146403 3813410 2332993 2392993 TENANT SECURITY DEPOSITS 15221 DEPOSITS 1000 REPLACEMENT RESERVE 270088 REAL ESTATE TAX ESCROW 14743 RESIDUAL RECEIPTS 2528 303580 TENANT SECURITY DEPOSITS 15279 ACCRUED REAL ESTATE TAXES 26181 ACCRUED EXPENSES 13996 ACCRUED MANAGEMENT FEES 4381 59837 X 663274 0 663274 0 663274 784223 0 784223 0 784223 PART X, LINE 2: THE PROJECT HAS ADOPTED THE "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES" TOPIC OF THE FASB ASC, WHICH PRESCRIBES A COMPREHENSIVE MODEL FOR RECOGNIZING, MEASURING, PRESENTING AND DISCLOSING IN THE FINANCIAL STATEMENTS TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN ON A TAX RETURN. AT DECEMBER 31, 2023, MANAGEMENT BELIEVES NO SUCH PROVISIONS FOR UNCERTAIN TAX POSITIONS ARE NECESSARY. X 0 0 0 0 0 0 0 0 0 SHARON MORRIS DIRECTOR 0 153480 0 0 0 0 0 13845 0 30011 0 197336 0 0 US DEPT HOUSING AND URBAN DEVELOPMENT LENDER ELDERLY HOUSING DEVELOPMENT X 4606700 4606700 0 1 1 4606700 OMNI DEVELOPMENT CORPORATION RELATED ORGANIZATION 0 OPERATING LEASE AGREEMENT WITH OMNI DEVELOPMENT CORPORATION TO OMNI GOVERNOR, INC. FOR THE USE OF TWO TRUCKS AND THE RELATED OPERATING COSTS - WAIVED IN 2023. 0 FORM 990, PART VI, SECTION A, LINE 3 THE PROPERTY IS A HUD REGULATED PROPERTY AND THE ORGANIZATION HAS HISTORICALLY HIRED A HUD-APPROVED MANAGEMENT AGENT TO RUN THE DAY TO DAY OPERATIONS OF THE PROPERTY. THIS INCLUDES DEALING WITH TENANT ISSUES, TENANT CERTIFICATION AND RECERTIFICATIONS, POLICIES AND PROCEDURES AND ALL ACCOUNTING PROCEDURES. FORM 990, PART VI, SECTION A, LINE 8A NO MEETINGS WERE HELD DURING THE YEAR BY THE GOVERNING BODY THAT RESULTED IN WRITTEN ACTIONS THAT WERE UNDERTAKEN. WEEKLY MEETINGS WITH THE MANAGEMENT COMPANY AND OWNERS OCCURRED TO DISCUSS AND REVIEW FINANCIAL INFORMATION. FORM 990, PART VI, SECTION A, LINE 8B NO MEETINGS WERE HELD DURING THE YEAR BY COMMITTEES THAT RESULTED IN WRITTEN ACTIONS THAT WERE UNDERTAKEN. WEEKLY MEETINGS WITH THE MANAGEMENT COMPANY AND OWNERS OCCURRED TO DISCUSS AND REVIEW FINANCIAL INFORMATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SENT TO THE EXECUTIVE DIRECTOR OF THE ORGANIZATION. THE EXECUTIVE DIRECTOR REVIEWS IT, MAKES ANY NECESSARY CHANGES AND THEN SIGNS OFF ON IT. FORM 990, PART VI, SECTION B, LINE 12C THE MANAGEMENT COMPANY HAS ADOPTED A CONFLICT OF INTEREST POLICY THAT REQUIRES EMPLOYEES TO DISCLOSE RELATIONSHIPS WITH VENDORS AND TO OBTAIN APPROVAL BEFORE USING MANAGEMENT APPROVED VENDORS. THEY ARE REVIEWED PERIODICALLY DURING THE YEAR. FORM 990, PART VI, SECTION C, LINE 18 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. THEY ARE PROVIDED BY THE MANAGEMENT COMPANY OF THE PROPERTY AND THE OWNERS. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE AVAILABLE UPON REQUEST. THEY ARE PROVIDED BY THE MANAGEMENT COMPANY OF THE PROPERTY AND THE OWNERS. FORM 990, PART XII, LINE 2C NO CHANGES WERE MADE IN THE OVERSIGHT OF THE AUDIT OR PROCESS OF SELECTION FOR THE AUDITOR. OMNI DEVELOPMENT CORP 810 EDDY STREET PROVIDENCE RI 02905 222721731 COMMUNITY DEVELOPMENT AND PLANNING CORPORATION RI 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 OMNI DEVELOPMENT CORP K 1031 FMV