2025-11-13T08:35:11-06:00 2024-12-31 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2024-01-01 056015875 PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION PROV 4012746637 207 CRANSTON ST PROVIDENCE RI 02907 STEVEN PITASSI TREASURER 4012746637 2025-11-12 1 1 GERALD IADELUCA P00247569 4014214800 2025-11-12 2024 2025-03-06 01:10:19Z WIGGIN VILLAGE APARTMENTS EUGENIO FERNANDEZ 207 CRANSTON ST PROVIDENCE RI 02907 6377958 0 X N/A X 1983 RI THE PURPOSE OF THE PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION IS TO PROVIDE DECENT, SANITARY, AFFORDABLE HOUSING FOR THE LABORING CLASS RESIDENTS OF PROVIDENCE, RI AND TO PROVIDE FOR BETTER EDUCATIONAL OPPORTUNITIES FOR THEIR CHILDREN. IT SHALL PROMOTE ALL ACTIVITIES AND OPPORTUNITIES OF THE ASSOCIATION WITHOUT REGARD TO RACE, RELIGION, COLOR, ORIGIN, SEX, AGE, ETHNICITY, SEXUAL PREFERENCE, HANDICAPPED OR DISABLED EXCEPT AS A BONAFIDE AND LEGITIMATE CONSIDERATION AS IN THE CASE OF ELDERLY/HANDICAPPED HOUSING. 24 24 0 24 0 0 20000 0 5638347 5899977 154757 154957 6076 4608 5819180 6059542 0 0 0 0 664460 678408 0 0 0 4252928 4436068 4917388 5114476 901792 945066 19430078 20396596 17526668 17443000 1903410 2953596 X THE PURPOSE OF THE PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION IS TO PROVIDE DECENT, SANITARY, AFFORDABLE HOUSING FOR THE LABORING CLASS RESIDENTS OF PROVIDENCE, RI AND TO PROVIDE FOR BETTER EDUCATIONAL OPPORTUNITIES FOR THEIR CHILDREN. IT SHALL PROMOTE ALL ACTIVITIES AND OPPORTUNITIES OF THE ASSOCIATION WITHOUT REGARD TO RACE, RELIGION, COLOR, ORIGIN, SEX, AGE, ETHNICITY, SEXUAL PREFERENCE, HANDICAPPED OR DISABLED EXCEPT AS A BONAFIDE AND LEGITIMATE CONSIDERATION AS IN THE CASE OF ELDERLY/HANDICAPPED HOUSING. 0 0 4439709 6059542 TO PROVIDE 285 UNITS OF AFFORDABLE HOUSING FOR LOW INCOME FAMILIES AND COMMERCIAL SPACE IN PROVIDENCE, RHODE ISLAND. 4439709 1 0 0 0 0 0 0 0 1 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 0 0 0 0 1 23 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 24 24 0 1 0 0 1 1 0 1 1 0 0 1 1 0 0 1 0 0 0 0 X WINN MANAGEMENT COMPANY LLC 6177424500 ONE WASHINGTON MALL SUITE 500 BOSTON MA 02108 X THOMAS A MEZZANOTTE TRUSTEE 0.50 X 0 0 0 CAROL ANNE COSTA TRUSTEE 0.50 X 0 0 0 PHYLLIS H EVANS SECRETARY 0.50 X X 0 0 0 JIMPS G JEAN-LOUIS TRUSTEE 0.50 X 0 0 0 MICHAEL STEVENS TRUSTEE 0.50 X 0 0 0 MICHAEL SOLOMON TRUSTEE 0.50 X 0 0 0 ATENEA HERNANDEZ TRUSTEE 0.50 X 0 0 0 BARBARA THURMAN TRUSTEE 0.50 X 0 0 0 RUEBAN OGANDO TRUSTEE 0.50 X 0 0 0 DARLENE GOMES TRUSTEE 0.50 X 0 0 0 MARKEATA WIGGINS TRUSTEE 0.50 X 0 0 0 ANTHONY SAURO TRUSTEE 0.50 X 0 0 0 EUGENIO FERNANDEZ PRESIDENT 0.50 X X 0 0 0 RAFAEL VALENTIN TRUSTEE 0.50 X 0 0 0 STEVEN PITASSI TREASURER 0.50 X X 0 0 0 BRANDFORD DAVIS TRUSTEE 0.50 X 0 0 0 CHRISTOPHER DICOMITIS TRUSTEE 0.50 X 0 0 0 BALBINA A YOUNG TRUSTEE 0.50 X 0 0 0 LAWRENCE E YOUNG TRUSTEE 0.50 X 0 0 0 WAYNE J MONTAGUE SR TRUSTEE 0.50 X 0 0 0 RAUL MARTINEZ TRUSTEE 0.50 X 0 0 0 MARCILLIA HUGULEY TRUSTEE 0.50 X 0 0 0 EULALIA BLANCO TRUSTEE 0.50 X 0 0 0 CATHERINE LOVE TRUSTEE 0.50 X 0 0 0 0 0 0 0 0 0 0 WINN MANAGEMENT COMPANY LLC ONE WASHINGTON MALL SUITE 500 BOSTON MA 02108 PROPERTY MANAGEMENT SERVICES 176064 1 RENTAL INCOME 531110 5899977 5899977 5899977 141247 141247 332126 318416 13710 13710 13710 DAMAGES 531390 3508 3508 TENANT SERVICES 531390 1100 1100 4608 6059542 6059542 0 0 543882 234484 309398 92588 39917 52671 41938 18081 23857 176064 176064 60188 60188 39204 39204 13385 13385 10500 10500 52823 52823 932796 932796 742687 742687 1031332 1031332 346063 346063 MAINTENANCE AND SUPPLIE 324643 324643 REPAIRS 180726 180726 SECURITY 122961 122961 OTHER OPERATING AND MAI 113943 113943 288753 288753 5114476 4439709 674767 0 323123 895296 1143341 1382471 66341 51038 309432 326882 36433539 21425706 14077060 15007833 1796548 1134203 1714233 1598873 19430078 20396596 232133 387944 28016 91598 102063 102902 17164456 17212756 0 -352200 17526668 17443000 X 1903410 2953596 1903410 2953596 19430078 20396596 945066 105120 0 X X 0 1 X 1 1 1 X 11050 8000 338 20000 39388 4909655 5324647 5438985 5638347 5899977 27211611 4920705 5332647 5439323 5658347 5899977 27250999 0 0 0 27250999 24600 35693 31070 150024 141247 382634 24600 35693 31070 150024 141247 382634 8706 12973 7038 6076 4608 39401 4954011 5381313 5477431 5814447 6045832 27673034 0.98470 0.98540 0.01380 0.01010 X 0 1 X 214335 214335 28573864 16594049 11979815 4866278 3977810 888468 2779062 853847 1925215 15007833 TENANT DEPOSITS HELD IN TRUST 101272 ESCROWS AND RESERVES 1497601 1598873 DEBT ISSUANCE COSTS -352200 -352200 X 6131600 105120 -33062 72058 6059542 0 6059542 5061414 0 5061414 53062 53062 5114476 PART IV, LINE 2B: SECURITY DEPOSIT LIABILITY: $102,902. THE AMOUNT CONSISTED OF TENANT SECURITY DEPOSITS. THE TENANT SECURITY DEPOSITS ARE HELD IN A SEPERATE BANK ACCOUNT AND ARE REFUNDED TO THE TENANT AT THE END OF THE LEASE. PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. AS A NOT-FOR-PROFIT ENTITY, THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, THE ORGANIZATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THESE FINANCIAL STATEMENTS. THE ORGANIZATION FILES TAX RETURNS IN THE U.S. FEDERAL JURISDICTION. PART XI, LINE 2D - OTHER ADJUSTMENTS: INVESTMENT EXPENSE NETTED TO INVESTMENT INCOME ON FINANCIAL STATEMENTS EXPENSE NETTED TO RENTAL INCOME ON FINANCIAL STATEMENTS MISCELLANEOUS EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT EXPENSE NETTED TO INVESTMENT INCOME ON FINANCIAL STATEMENTS EXPENSE NETTED TO RENTAL INCOME ON FINANCIAL STATEMENTS ENTITY EXPENSES MISCELLANEOUS EXPENSE NETTED WITH REVENUE ON FINANCIAL STATEMENTS PART X, LINE 2: NO PROVISION HAS BEEN MADE FOR INCOME TAXES, SINCE THE ORGANIZATION WAS FORMED AS A TAX EXEMPT ORGANIZATION AND HAS BEEN GRANTED SECTION 501(C)(3) STATUS BY THE INTERNAL REVENUE SERVICE. U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS OF THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE ORGANIZATION RECOGNIZES INTEREST ACCRUED AND PENALTIES RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND IN OPERATING EXPENSES. RESPECTIVELY. THERE WERE NO SUCH AMOUNTS RECORDED DURING THE YEAR ENDED DECEMBER 31, 2024. MANAGEMENT EVALUATED THE ORGANIZATIONS TAX POSITIONS AND CONCULDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORIES FOR TAX YEARS BEFORE 2022. FORM 990, PART VI, SECTION A, LINE 3 WINN MANAGEMENT COMPANY PROVIDES MANAGEMENT SERVICES TO THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THE PBSEA IS COMPRISED OF MEMBERS (AKIN TO STOCKHOLDERS IF THERE WERE A FOR PROFIT). THE TOTAL MEMBERS INCLUDE MEMBERS OF THE BOARD OF TRUSTEES WHICH IS THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBERS OF THE ASSOCIATION (PBSEA) ANNUALLY ELECT AND OR REELECT THE BOARD OF TRUSTEES. THE MEMBERS, HOWEVER, DO NOT GOVERN THE ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY AN AUTHORIZED OFFICER AND IT IS DISTRIBUTED TO THE FULL BOARD PRIOR TO FILING THE RETURN. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION WILL MAKE ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D), IN ADDITION, THE FORM 990 WITHOUT SCHEDULE B IS AVALIABLE VIA CANDID (FORMERLY KNOWN AS GUIDESTAR) WEBSITE. 990 PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEARS