2025-11-12T14:52:02-06:00 2024-12-31 050405576 OTRANDO PORCARO & ASSOCIATES LTD 2258 POST ROAD WARWICK RI 02886 990 2024-01-01 273459190 BELMONT COMMONS INC BELM 4017270150 500 PROSPECT STREET PAWTUCKET RI 02860 JOHN J PADIEN III CHIEF EXECUTIVE OFFICER 4017270150 2025-11-04 1 0 GREGORY PORCARO CPAABV MST P00633303 4017399250 2025-11-03 2024 2025-03-06 01:10:19Z JOHN J PADIEN III 500 PROSPECT STREET PAWTUCKET RI 02860 178763 0 X N/A X 2010 RI TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. 4 4 0 4 0 0 73838 119091 57613 58437 1208 1235 0 0 132659 178763 0 0 0 0 13471 0 0 0 0 200453 207005 213924 207005 -81265 -28242 1834661 1778964 1931684 1904229 -97023 -125265 TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. 0 0 169305 58437 TO PROVIDE ELDERLY OR DISABLED PERSONS WITH HOUSING FACILITIES AND SERVICES ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING. 169305 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 1 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X THE ORGANIZATION 4017270150 500 PROSPECT STREET PAWTUCKET RI 02860 THOMAS E HODGE TREASURER 0.30 2.90 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 JOHN J PADIEN III CHIEF EXECUTIVE OFFICER 1.00 30.00 X 0 175226 47926 0 175226 47926 0 0 1 0 0 119091 119091 TENANT RENTS 523000 57789 57789 OTHER INCOME 900099 648 648 58437 1235 1235 178763 58437 0 1235 20659 20659 12800 12800 286 286 2434 2434 53678 53678 55028 55028 14075 14075 CLEANING & MAINT 28445 28445 REPAIRS 12863 12863 ELEVATOR 5216 5216 TELEPHONE 1521 1521 207005 169305 37700 0 466 2450 84 459 3513 714 2338174 652401 1740801 1685773 89797 89568 1834661 1778964 64851 36673 200000 200000 1666833 1667556 1931684 1904229 X -97023 -125265 -97023 -125265 1834661 1778964 -28242 0 X X 0 1 X 1 1 1 X 84134 84809 79695 73838 119091 441567 84134 84809 79695 73838 119091 441567 441567 184 173 418 1208 1235 3218 444785 254531 0.99280 0.99450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 122076 122076 2201104 637407 1563697 14994 14994 0 1685773 CASH - SECURITY DEPOSIT 3417 TAX & INSURANCE ESCROW 1564 REPLACEMENT RESERVE 84587 89568 ADVANCES FROM AFFILIATES 2320 CAPITAL ADVANCES 1660900 TENANT SECURITY DEPOSITS 3405 PREPAID RENTAL INCOME 931 1667556 X 178763 0 178763 0 178763 207005 0 207005 0 207005 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 ACCOMPANYING FINANCIAL STATEMENTS. THE CORPORATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. 0 0 0 0 0 0 0 0 0 JOHN J PADIEN III CHIEF EXECUTIVE OFFICER 0 175226 0 0 0 0 0 11130 0 36796 0 223152 0 0 PART I, LINE 3 THE OFFICERS OF THE BOARD OF DIRECTORS OF THE ARC OF BLACKSTONE VALLEY, A RELATED ENTITY, DETERMINE THE COMPENSATION FOR THE CEO WHICH IS THEN SUBJECT TO REVIEW AND APPROVAL BY THE FULL BOARD OF DIRECTORS OF THE ARC OF BLACKSTONE VALLEY. THE CEO IS AN EMPLOYEE OF THE ARC OF BLACKSTONE VALLEY. 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 DOES NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B ALL MEMBERS OF THIS ORGANIZATION'S BOARD WERE PROVIDED WITH 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 ORGANIZATION'S 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 HAD MADE NO CHANGES TO ITS OVERSIGHT PROCESS OR ITS SELECTION PROCESS DURING THE TAX YEAR. THE ORGANIZATION'S OVERSIGHT COMMITTEE OVERSEES THE AUDIT. ACCESS HOUSING INC 500 PROSPECT STREET PAWTUCKET RI 02860 050516971 RESIDENTIAL FACILITY FOR DISABLED PERSONS RI 501(C)(3) 7 0 BLACKSTONE VALLEY ASSOC FOR RETARDED CITIZENS HOUSING INC 500 PROSPECT STREET PAWTUCKET RI 02860 222822858 RESIDENTIAL FACILITY FOR DISABLED OR LOW INCOME PERSONS RI 501(C)(3) 7 0 BLACKSTONE VALLEY DEVELOPMENT CORPORATION 500 PROSPECT STREET PAWTUCKET RI 02860 262699081 REAL ESTATE ACQUISITION,DEVELOPMENT AND OPERATION RI 501(C)(3) 7 0 BVARC HOUSING 500 PROSPECT STREET PAWTUCKET RI 02860 050484094 RESIDENTIAL FACILITY FOR DISABLED PERSONS RI 501(C)(3) 7 0 ELMHURST HOUSING INC 500 PROSPECT STREET PAWTUCKET RI 02860 050480790 RESIDENTIAL FACILITY FOR DISABLED OR LOW INCOME PERSONS RI 501(C)(3) 7 0 INDEPENDENT LIVING AUTHORITY 500 PROSPECT STREET PAWTUCKET RI 02860 050367517 RESIDENTIAL FACILITY FOR DISABLED OR LOW INCOME PERSONS RI 501(C)(3) 7 3 0 INDEPENDENT LIVING AUTHORITY OF RHODE ISLAND 500 PROSPECT STREET PAWTUCKET RI 02860 050450842 RESIDENTIAL FACILITY FOR DISABLED OR SENIOR PERSONS RI 501(C)(3) 7 0 INDEPENDENT LIVING AUTHORITY-PROVIDENCE 500 PROSPECT STREET PAWTUCKET RI 02860 050387502 RESIDENTIAL FACILITY FOR DISABLED OR LOW INCOME PERSONS RI 501(C)(3) 7 0 KEATS GARDENS INC 500 PROSPECT STREET PAWTUCKET RI 02860 364730767 RESIDENTIAL FACILITY FOR SENIOR PERSONS RI 501(C)(3) 7 0 PIDGE MANOR LLC 500 PROSPECT STREET PAWTUCKET RI 02860 271846006 RESIDENTIAL FACILITY FOR LOW INCOME PERSONS RI 501(C)(3) 7 0 ROSE-ARC HOUSING INC 500 PROSPECT STREET PAWTUCKET RI 02860 050506548 RESIDENTIAL FACILITY FOR DISABLED PERSONS RI 501(C)(3) 7 0 THE ARC OF BLACKSTONE VALLEY 500 PROSPECT STREET PAWTUCKET RI 02860 050300152 SERVICES FOR DISABLED PERSONS RI 501(C)(3) 10 0 RIVERSTONE APARTMENTS LP 500 PROSPECT STREET PAWTUCKET RI 02860 263256260 RESIDENTIAL FACILITY FOR SENIOR AND DISABLED PERSONS RI 0 1 SADLER MILL LP 500 PROSPECT STREET PAWTUCKET RI 02860 371694247 INACTIVE MA 0 1 VETERANS FOR TOMORROW LLC 500 PROSPECT STREET PAWTUCKET RI 02860 364725127 RESIDENTIAL FACILITY FOR HOMELESS VETERANS RI 0 1 SADLER MILL GP LLC 500 PROSPECT STREET PAWTUCKET RI 02860 364734671 INACTIVE MA 0 1 MIDWAY MANAGEMENT COMPANY 500 PROSPECT STREET PAWTUCKET RI 02860 455556410 REAL ESTATE MANAGEMENT RI C 1.00000 0 VETERANS MM LLC 500 PROSPECT STREET PAWTUCKET RI 02860 383867728 RESIDENTIAL FACILITY FOR HOMELESS VETERANS RI C 1.00000 0 RIVERSTONE GP LLC 500 PROSPECT STREET PAWTUCKET RI 02860 263255922 RESIDENTIAL FACILITY FOR SENIOR AND DISABLED PERSONS RI C 1.00000 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0