2024-10-28T08:09:20-05:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-07-01 542078482 PROCAP HOUSING INC PROC 4012732000 518 HARTFORD AVENUE PROVIDENCE RI 02909 THOMAS HEMMENDINGER RECEIVER, SECRETARY 4012732000 2024-10-24 1 0 AMBER BICHUN P01718349 4014214800 2024-10-08 2023 2024-10-15 13:58:12Z THOMAS HEMMENDINGER 518 HARTFORD AVENUE PROVIDENCE RI 02909 148263 0 X N/A X 2000 RI TO PROVIDE LOW INCOME HOUSING FOR HANDICAPPED INDIVIDUALS. 3 3 0 0 0 0 0 0 154200 147737 126 33 0 493 154326 148263 0 0 0 0 0 0 0 0 0 201354 241162 201354 241162 -47028 -92899 1346312 1287349 2028183 2062119 -681871 -774770 TO PROVIDE LOW INCOME HOUSING FOR HANDICAPPED INDIVIDUALS. 0 0 195262 0 147737 PROVIDING LOW INCOME HOUSING FOR HANDICAPPED INDIVIDUALS. 195262 1 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 1 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 0 0 X THOMAS S HEMMENDINGER 4014532345 362 BROADWAY PROVIDENCE RI 02909 X PAUL MACDONALD DIRECTOR 0.50 X 0 0 0 JEFFREY DANA DIRECTOR 0.50 X 0 0 0 THOMAS S HEMMENDINGER DIRECTOR, RECEIVER, AND SE 5.00 X X 0 0 0 ALTHEA GRAVES DIRECTOR 0.50 X 0 0 0 0 0 0 0 0 0 0 0 TENANT RENTS 531110 147737 147737 147737 33 33 MISCELLANEOUS 900099 493 493 493 148263 147737 0 526 44859 19964 24895 961 961 12165 12165 334 334 7545 7545 49041 49041 8761 8761 45419 45419 19282 19282 CONTRACTS 29084 29084 SNOW REMOVAL 17490 17490 SUPPLIES 6221 6221 241162 195262 45900 0 9099 756 351 3684 17577 20526 2280390 1257770 1068039 1022620 251246 239763 1346312 1287349 187122 221283 1674800 1674800 166261 166036 2028183 2062119 X -681871 -774770 -681871 -774770 1346312 1287349 -92899 0 X X 0 1 X 0 1 1 X 154200 154200 154200 154200 147737 764537 154200 154200 154200 154200 147737 764537 0 0 0 764537 93 105 111 126 33 468 93 105 111 126 33 468 1620 1028 1074 493 4215 155913 155333 155385 154326 148263 769220 0.99390 0.99240 0.00060 0.00070 X 11214 11214 2269176 1257770 1011406 1022620 CASH - SECURITY DEPOSIT 3036 INSURANCE ESCROW 119482 REPLACEMENT RESERVE 114738 RESIDUAL RECEIPTS 2507 239763 DUE TO RELATED PARTY 163000 TENANT SECURITY DEPOSITS 3036 166036 X 148263 0 148263 0 148263 241162 0 241162 0 241162 PART X, LINE 2: THE CORPORATION QUALIFIES AS A TAX-EXEMPT ORGANZIATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NON-FOR-PROFIT ENTITY, THE CORPORATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX IF APPLICABLE. IN ACCORDANCE WITH FASB ACCOUNTING STANDARDS CODIFICATION 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. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION'S DAY TO DAY OPERATIONS ARE UNDER THE CONTROL OF A THIRD PARTY MANAGEMENT COMPANY WHICH REPORTS DIRECTLY TO THE RECEIVER OF THE SPONSOR ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B THE ORGANIZATION'S SPONSOR, PROVIDENCE COMMUNITY ACTION PROGRAM, IS IN RECEIVERSHIP AS IS THE ORGANIZATION. GOVERNANCE DECISIONS ARE THE RESPONSIBILITY OF THE RECEIVER. FORM 990, PART VI, SECTION A, LINE 8B BECAUSE THE SPONSOR IS IN RECEIVERSHIP, BOARD AND COMMITTEE MEETINGS ARE NO LONGER HELD. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S SPONSOR, PROVIDENCE COMMUNITY ACTION PROGRAM (PROCAP) IS IN RECEIVERSHIP. WHEN PROCAP WAS IN OPERATION IT'S CFO REVIEWED THE FORM 990 AS DID THE PRESIDENT OF THE BOARD OF DIRECTORS OF PROCAP HOUSING. POST-RECEIVERSHIP, THE FORM 990 IS REVIEWED BY THE RECEIVER, WHO IS ALSO THE SECRETARY OF THE BOARD OF PROCAP HOUSING, INC. FORM 990, PART VI, SECTION B, LINE 12 THE ORGANIZATION'S SPONSOR, PROVIDENCE COMMUNITY ACTION PROGRAM (PROCAP) IS IN RECEIVERSHIP. WHEN PROCAP WAS IN OPERATION IT REQUIRED ITS BOARD MEMBERS AND THE BOARD MEMBERS OF PROCAP HOUSING, INC. TO DISCLOSE WHEN A CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST MADE OF THE RECEIVER. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S SPONSOR, PROVIDENCE COMMUNITY ACTION PROGRAM (PROCAP) IS IN RECEIVERSHIP. WHEN PROCAP WAS IN OPERATION IT'S CFO REVIEWED THE FINANCIAL STATEMENTS AS DID THE PRESIDENT OF THE BOARD OF DIRECTORS OF PROCAP HOUSING. POST-RECEIVERSHIP, THE FINANCIAL STATEMENTS ARE REVIEWED BY THE RECEIVER, WHO IS ALSO THE SECRETARY OF THE BOARD OF PROCAP HOUSING, INC. ANY QUESTIONS OR ISSUES THAT DEVELOP FROM HIS REVIEW ARE THEN DIRECTED TO THE ENTIRE BOARD FOR DISCUSSION. THE RECEIVOR HAS FINAL APPROVAL OF THE FINANCIAL STATEMENTS. PROVIDENCE COMMUNITY ACTION 518 HARTFORD AVENUE PROVIDENCE RI 02909 050303664 ANTI-POVERTY AGENCY RI 501(C)(1) LINE 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0