Nonprofit · EIN 05-0489479
VALLEY AFFORDABLE HOUSING CORP
Tax-exempt · CUMBERLAND, RI 02864
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $4,816,195 | $3,041,932 | $1,774,263 | $9,628,359 | $3,523,281 | $6,105,078 |
| March 31, 2024 | 990 | $3,914,814 | $3,289,568 | $625,246 | $7,787,645 | $3,366,045 | $4,421,600 |
| March 31, 2023 | 990 | $3,083,605 | $2,840,166 | $243,439 | $7,483,906 | $3,687,552 | $3,796,354 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $1,892,922
- of which government grants
- $1,892,922
- Program service revenue
- $2,946,416
- Investment income
- -$26,531
- Net gain from sales of assets
- -$59,414
- Other revenue
- $3,388
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,391,289
- Salaries, compensation and benefits (total)
- $1,679,753
- Professional fundraising fees
- $0
- Occupancy
- $124,976
- Travel
- $20,970
- Depreciation
- $116,506
- Program services (functional)
- $2,695,527
- Management and general (functional)
- $346,405
Balance sheet and other
- Total assets, start of year
- $7,787,645
- Total assets, end of year
- $9,628,359
- Total liabilities, end of year
- $3,523,281
- Net assets, end of year
- $6,105,078
- Land, buildings and equipment
- $3,588,594
- Net assets without donor restrictions
- $6,105,078
- Gross receipts
- $4,875,609
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1995
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| PAUL GAGNE | PRESIDENT Trustee or director | 1 | $0 |
| LISA AUDUETTE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDWARD MULHOLLAND | PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
| PAUL DUMOUCHEL | DIRECTOR Trustee or director | 0.5 | $0 |
| MARYBETH BOIVIN | DIRECTOR Trustee or director | 0.5 | $0 |
| GEORGE GIFFORD | DIRECTOR Trustee or director | 0.5 | $0 |
| DENISE SHAVERS | DIRECTOR Trustee or director | 0.5 | $0 |
| JEFFREY SWANSON | SECRETARY Officer | 40 | $0 |
990 for the year ended March 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN OUELLETTE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOANNE BUTTIE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN MACQUEEN JR | DIRECTOR Trustee or director | 0.5 | $0 |
| EDWARD WOOD | DIRECTOR Trustee or director | 0.5 | $0 |
| PAUL GAGNE | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA AUDUETTE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDWARD MULHOLLAND | PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
| PETER BOUCHARD | SECRETARY Officer | 40 | $0 |
990 for the year ended March 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAN OUELLETTE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOANNE BUTTIE | DIRECTOR Trustee or director | 0.5 | $0 |
| JOHN MACQUEEN JR | DIRECTOR Trustee or director | 0.5 | $0 |
| EDWARD WOOD | DIRECTOR Trustee or director | 0.5 | $0 |
| PAUL GAGNE | DIRECTOR Trustee or director | 0.5 | $0 |
| LISA AUDUETTE | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDWARD MULHOLLAND | PRESIDENT/TREASURER Trustee or director, Officer | 1 | $0 |
| PETER BOUCHARD | SECRETARY Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1029 MENDON RD, CUMBERLAND, RI 02864-5338
- Principal officer (990 for 2024)
- JEFFREY SWANSON, 1029 MENDON ROAD, CUMBERLAND, RI 02864
- Signed the 990
- JEFFREY SWANSON, CEO
- Phone
- (401) 334-2802
- Website
- WWW.VALLEYAFFORDABLE.ORG
- Return prepared by
- DAMIANO BURK & NUTTALL PC
Mission
PROVIDES SERVICES IN ORDER TO IMPROVE THE HOUSING STOCK, ASSIST INDIVIDUALS TO BECOME HOMEOWNERS, AND PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE WITH THE STATE OF RHODE ISLAND.
Program accomplishments
- PROVIDES SERVICES IN ORDER TO IMPROVE THE HOUSING STOCK, ASSIST INDIVIDUALS TO BECOME HOMEOWNERS, AND PROVIDE DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE WITH THE STATE OF RHODE ISLAND.Expenses $2,695,527 · revenue $2,890,390
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0489479
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $9,628,359
- Income (IRS master file)
- $4,875,609
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $4,816,195 | $3,041,932 | $9,628,359 | XML |
| 990 | March 2024 | $3,914,814 | $3,289,568 | $7,787,645 | XML |
| 990 | March 2023 | $3,083,605 | $2,840,166 | $7,483,906 | XML |
| 990 | March 2022 | $2,973,827 | $2,485,657 | $7,315,317 | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0489479).
Questions about VALLEY AFFORDABLE HOUSING CORP
- What is the EIN of VALLEY AFFORDABLE HOUSING CORP?
- The employer identification number (EIN) of VALLEY AFFORDABLE HOUSING CORP is 05-0489479.
- Is VALLEY AFFORDABLE HOUSING CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to VALLEY AFFORDABLE HOUSING CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VALLEY AFFORDABLE HOUSING CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VALLEY AFFORDABLE HOUSING CORP due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VALLEY AFFORDABLE HOUSING CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of VALLEY AFFORDABLE HOUSING CORP?
- The 990 for the year ended March 31, 2025 names JEFFREY SWANSON.
- Who are the officers and directors of VALLEY AFFORDABLE HOUSING CORP?
- The 990 for the year ended March 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does VALLEY AFFORDABLE HOUSING CORP have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $4,816,195, expenses of $3,041,932 and total assets of $9,628,359 at year end.
Other nonprofits in CUMBERLAND
- JENKS MILL HOUSING CORP EIN 06-1477231 · last filed 990 for 2025
- HANCOCK ESTATES CORP EIN 05-0508939 · last filed 990 for 2025
- MANVILLE HILL HOUSING CORP EIN 26-1995944 · last filed 990 for 2025
- WARM SUPPORTIVE HOMES INC EIN 26-4339828 · last filed 990 for 2025
- CUMBERLAND HOUSING ASSISTANCE PROGRAM LTD EIN 81-1822560 · last filed 990-N for 2025
- INTERGENERATIONAL HOUSING RHODE ISLAND EIN 99-0449188 · last filed 990-N for 2025
- RHODE ISLAND MAYORAL ACADEMY EIN 27-0617933 · last filed 990 for 2025
- MOUNT ST RITA HEALTH CENTRE EIN 05-0342330 · last filed 990 for 2024
All nonprofits in CUMBERLAND · Rhode Island · Housing and shelter