2025-02-04T08:38:32-06:00 2024-09-30 050503395 D'AMBRA CPA 531 HARRIS AVENUE WOONSOCKET RI 028951872 990 2023-10-01 050343709 CHURCH COMMUNITY HOUSING CORPORATION CHUR 4018465114 50 WASHINGTON SQUARE NEWPORT RI 02840 CHRISTIAN BELDEN EXECUTIVE DIRECTOR 4018465114 2025-02-03 1 0 CRAIG D'AMBRA P00072912 4014742300 X 2023 2025-03-06 01:10:19Z CHRISTIAN BELDEN 50 WASHINGTON SQUARE NEWPORT RI 02840 8517400 0 X WWW.CCHCNEWPORT.ORG X 1969 RI PROVIDE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS 8 8 18 8 0 0 746832 2275260 4910639 3625996 -459343 243983 19801 24054 5217929 6169293 0 185704 0 0 1456959 1710160 0 0 0 2115746 2673065 3572705 4568929 1645224 1600364 25696917 21629672 14627461 9009151 11069456 12620521 X TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME PERSONS PRIMARILY THROUGH FINANCIAL AND TECHNICAL ASSISTANCE IN HOME OWNERSHIP AND RENTAL OPPORTUNITIES. 0 0 4122435 185704 3590990 THE ORGANIZATION PROVIDES HOME OWNERSHIP AND RENTAL OPPORTUNITIES TO LOW AND MODERATE INCOME PERSONS THROUGH RENTAL OF PROPERTY, ACQUISITION, REHABILITATION AND SALE OF PROPERTIES AND DEVELOPMENT OF AFFORDABLE HOUSING. THE ORGANIZATION HAS 115 APARTMENTS AVAILABLE FOR RENT AT AFFORDABLE RATES. THE ORGANIZATION IS WORKING ON 21 PROPERTIES IN VARIOUS STAGES OF REHABILITATION INCLUDING 14 SOLD DURING THE YEAR. THE ORGANIZATION IS WORKING ON THE REHABILITATION OF 2 EXISITING AND 2 NEW AFFORDABLE HOUSING COMPLEXES AND THE ORGANIZATION ALSO WORKED ON 3 PREDEVELOPMENT PROJECTS THAT WOULD PROVIDE FOR ADDITIONAL AFFORDABLE HOUSING. FOR PROPERTIES SOLD TO LOW AND MODERATE INCOME PERSONS, THE ORGANIZATION RETAINED OWNERSHIP OF THE LAND UNDER A LAND TRUST MODEL AND SOLD THE BUILDING WITH A GROUND LEASE LIMITING FUTURE SALES TO PERSONS MEETING INCOME LIMITS FOR LOW AND MODERATE INCOME HOUSEHOLDS. THE ORGANIZATION OWNS 106 PARCELS OF LAND UNDER THE LAND TRUST MODEL. 207013 284847 REVOLVING LOAN FUND INITIALLY FUNDED BY FEDERAL FUNDS PASSED THROUGH VARIOUS RI COMMUNITIES AND ADDITIONAL FUNDS PROVIDED BY THE ORGANIZATION USED TO PROVIDE ACQUISITION AND PROPERTY REHABILITATION LOANS TO LOW AND MODERATE INCOME PERSONS CONSISTING OF 307 LOANS, INCLUDING 25 NEW LOANS DURING THE YEAR. IN ADDITION, THE ORGANIZATION ASSISTS THE LOCAL COMMUNITY IN ADMINISTERING ITS CDBG LOAN FUND FOR LOW AND MODERATE INCOME PERSONS OF WHICH THE ORGANIZATION ASSISTED IN THE ADMINISTRATION OF 1 LOAN DURING THE YEAR. 4329448 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 9 0 18 1 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 1 0 1 0 1 1 1 0 X THE ORGANIZATION 4018465114 50 WASHINGTON SQUARE NEWPORT RI 02840 X MARJORIE JENSEN DIRECTOR 1.00 X 0 0 0 ROBERT SABEL TREASURER 2.00 X X 0 0 0 PATRICIA SARGENT PRESIDENT 1.00 X X 0 0 0 JENNIFER MURRAY DIRECTOR 1.00 X 0 0 0 SUSAN BODINGTON SECRETARY 2.00 X X 0 0 0 ELIZABETH PHELPS VICE PRESIDENT 2.00 X X 0 0 0 BARBARA O'REILLY DIRECTOR 1.00 X 0 0 0 ALLYSON MCCALLA DIRECTOR 1.00 X 0 0 0 CHRISTIAN BELDEN EXECUTIVE DIRECTOR 40.00 X 169258 0 20002 169258 0 20002 1 0 1 0 R P MARZILLI & COMPANY 21A TROTTER DRIVE MEDWAY MA 02053 CONTRACTOR 1389587 MACPHERSON BUILDERS LLC 520 BUXTON ST NORTH SMITHFIELD RI 02896 CONTRACTOR 1290003 UNION STUDIO ARCHITECT 160 MATHEWSON ST PROVIDENCE RI 02903 ARCHITECTS 444005 PARKES PAINTING 13 HOMER ST NEWPORT RI 02840 CONTRACTOR 117375 4 2066725 208535 2275260 RENTS 531110 2135872 2135872 DEVELOPMENT FEES 531390 1039220 1039220 SERVICE FEES 531390 284847 284847 INTEREST ON LOANS 522291 166057 166057 3625996 18196 18196 2573894 2348107 225787 225787 225787 MISCELLANEOUS 531390 24054 24054 24054 6169293 3875837 0 18196 185704 185704 169258 159407 9851 1166481 1041056 125425 262531 233855 28676 111890 100633 11257 16727 16727 17967 15807 2160 39152 2101 37051 48150 46826 1324 4828 4828 41439 37607 3832 11973 10783 1190 7200 6484 716 7694 7694 3164 2160 1004 174062 174062 312127 311980 147 126891 121347 5544 PROJECT COSTS 628238 628238 REPAIRS AND MAINTENANCE 453219 453219 UTILITIES 398381 398381 REAL ESTATE TAXES 263925 263925 117928 106624 11304 4568929 4329448 239481 0 2107055 1172530 982894 1915437 89181 298672 730420 1632970 2103806 2224045 1003892 397401 19187230 5844034 13541281 13343196 6779 1131 5131609 644290 25696917 21629672 1973972 1924743 79037 188437 4529199 18059 5729796 4511586 2315457 2366326 14627461 9009151 X 7147223 8173289 3922233 4447232 11069456 12620521 25696917 21629672 X 1600364 -49299 X X 0 1 X 1 1 1 X 356034 908512 888126 746832 2275260 5174764 2620327 2415285 2571319 3291958 6033833 16932722 2976361 3323797 3459445 4038790 8309093 22107486 0 0 0 22107486 153197 199787 201166 152220 184253 890623 153197 199787 201166 152220 184253 890623 20175 22508 8018 19801 24054 94556 3149733 3546092 3668629 4210811 8517400 23092665 0.95730 0.94960 0.03860 0.04460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 4529199 1260880 5772020 18059 1 X 50000 50000 1.00000 0 0 6984113 6984113 12203117 5844034 6359083 13343196 SECURITY DEPOSITS 60796 REFUNDABLE ADVANCES 34743 INVESTMENT IN LIMITED PARTNERSHIP 2270787 2366326 9762518 3685532 3685532 6076986 92307 92307 6169293 8221919 3763448 3763448 4458471 110458 110458 4568929 PART IV, LINE 2B: THE ORGANIZATION IS ACTING AS DEVELOPMENT SPONSOR, RECEIVING CONTRIBUTIONS FOR THE TOWN SPRING PROJECT, PAYING FOR THE COSTS OF THE PROJECT. AT THE END OF THE PROJECT, THE PROPERTY AND REMAINING CASH HAS BEEN AND WILL BE TRANSFERRED TO THE CITY OF NEWPORT. PART V, LINE 4: EARNINGS TO BE USED FOR PROGRAM ACTIVITIES PART XI, LINE 2D - OTHER ADJUSTMENTS: INCOME FROM CONSOLIDATED ENTITIES NOT INCLUDED ON TAX RETURN 1,337,425. COST OF PROPERTY SOLD NETTED WITH INCOME 2,348,107. PART XI, LINE 4B - OTHER ADJUSTMENTS: INTERCOMPANY INCOME ELIMINATED 14,391. GAAP PARTNERSHIP LOSSES 77,916. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM CONSOLIDATED ENTITIES NOT INCLUDED ON TAX RETURN 1,415,341. COST OF PROPERTY SOLD NETTED WITH INCOME 2,348,107. PART XII, LINE 4B - OTHER ADJUSTMENTS: LOSS FROM PARTNERSHIPS PER K-1 28,617. INTERCOMPANY EXPENSE ELIMINATED 81,841. 0 CITY OF NEWPORT 43 BROADWAY NEWPORT RI 02840 185704 0 PROPERTY RENOVATION 0 1 X 0 0 0 0 0 0 0 0 0 CHRISTIAN BELDEN EXECUTIVE DIRECTOR 169258 0 0 0 0 0 0 0 20002 0 189260 0 0 0 VN HOUSING CORPORATION COMMON BOARD OF DIRECTORS 16829 REIMBURSEMENT OF PAYROLL CHARGES FOR STAFF TIME SPENT ON SITE RELATED ACTIVITIES 0 FREEDOM HOUSING CORPORATION COMMON BOARD OF DIRECTORS 37121 REIMBURSEMENT OF PAYROLL CHARGES FOR STAFF TIME SPENT ON SITE RELATED ACTIVITIES 0 WASHINGTON SQUARE SERVICES CORPORATION COMMON BOARD OF DIRECTORS 51000 RENTAL INCOME FOR OPERATION OF THRIFT STORE ON ORGANIZATION'S PREMISES 0 FORM 990, PART VI, SECTION A, LINE 3 ONE OF THE PROPERTIES OF THE ORGANIZATION IS MANAGED BY AN UNRELATED PROFESSIONAL PROPERTY MANAGEMENT COMPANY UNDER INDUSTRY STANDARD TERMS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE EXECUTIVE DIRECTOR WHO REVIEWS THE FORM PRIOR TO ELECTRONIC FILING WITH THE IRS. THE FORM IS AVAILABLE FOR BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 12C PRIOR TO EXECUTING CONTRACTS, THE ORGANIZATION DETERMINES THAT KEY EMPLOYEES, OFFICERS AND DIRECTORS HAVE NO INTEREST IN THE CONTRACTING ENTITY BY REFERENCE TO THEIR BIOGRAPHIES PROVIDED TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 THE PERSONNEL COMMITTEE, COMPRISED OF INDEPENDENT DIRECTORS, PROPOSE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THAT PROPOSAL IS FORWARDED TO THE FINANCE COMMITTEE AND BOARD OF DIRECTORS FOR THEIR REVIEW AND APPROVAL AS PART OF THE ANNUAL BUDGET APPROVAL PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE THESE DOCUMENTS AVAILABLE FORM 990, PART XI, LINE 9: BOOK TO TAX ADJUSTMENT FOR PARTNERSHIP INCOME OR LOSS -49,299. FORM 990, PART XI, LINE 2C NO CHANGE FROM PRIOR YEAR SANDYWOODS LAND TRUST LLC 50 WASHINGTON SQUARE NEWPORT RI 02840 263861745 OWNERSHIP AND DEVELOPMENT OF LAND FOR AFFORDABLE HOUSING OPPORTUNITIES RI 1120000 1781805 CHURCH COMMUNITY HOUSING CORPORATION 326 THRIFT LLC 50 WASHINGTON SQUARE NEWPORT RI 02840 043705119 OWNERSHIP OF COMMERCIAL BUILDING RENTED TO THRIFT SHOP EMPLOYING LOW INCOME RI 51000 335948 CHURCH COMMUNITY HOUSING CORPORATION FWS CORPORATION 50 WASHINGTON SQUARE NEWPORT RI 02840 201221813 GENERAL PARTNER IN LOW INCOME HOUSING PARTNERSHIP RI C 3 103 1.00000 0 AHH CORPORATION 50 WASHINGTON SQUARE NEWPORT RI 02840 205085403 GENERAL PARTNER IN LOW INCOME HOUSING PARTNERSHIP RI C 84 100 1.00000 0 FFAL INC 50 WASHINGTON SQUARE NEWPORT RI 02840 050495768 GENERAL PARTNER IN LOW INCOME HOUSING PARTNERSHIP RI C 1.00000 0 FWSGP CORP 50 WASHINGTON SQUARE NEWPORT RI 02840 883161170 GENERAL PARTNER IN LOW INCOME HOUSING PARTNERSHIP RI C 12 100 1.00000 0 MMH CORPORATION 50 WASHINGTON SQUARE NEWPORT RI 02840 205012185 GENERAL PARTNER IN LOW INCOME HOUSING PARTNERSHIP RI C 2 100 1.00000 0 WH II DEVELOPMENT CORP 50 WASHINGTON SQUARE NEWPORT RI 02840 921134148 GENERAL PARTNER IN LOW INCOME HOUSING PARTNERSHIP RI C 1.00000 0 1 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 51 MIDDLE LP D 2936641 VN HOUSING CORPORATION O 16829 FREEDOM HOUSING CORPORATION O 37121 WASHINGTON SQUARE SERVICES CORPORATION J 51000 51 MIDDLE LP A 92307 FIFTY WASHINGTON SQUARE NEWPORT LP D 1407969 39 FAREWELL LP D 2830499 WEST HOUSE II LP D 8926 ADE BETHUNE HOUSE LP D 629658