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Nonprofit · EIN 05-0493949

NARRAGANSETT AFFORDABLE HOUSING INC

Tax-exempt · NARRAGANSETT, RI 02882

Financials

$123K$151K2023$164K$145K2024
Revenue Expenses · by fiscal year end
Financials of NARRAGANSETT AFFORDABLE HOUSING INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
March 31, 2025990$163,584$145,395$18,189$443,010$499,894-$56,884
March 31, 2024990$123,270$151,317-$28,047$450,961$526,034-$75,073
Financial details: 990 for the year ended March 31, 2025

Revenue

Contributions, gifts and grants
$31,210
Program service revenue
$29,446
Investment income
$9
Net rental income
$102,919
Other revenue
$102,919

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$75,000
Salaries, compensation and benefits (total)
$81,398
Professional fundraising fees
$0
Legal fees
$22
Accounting fees
$2,250
Travel
$1,000
Depreciation
$31,829
Program services (functional)
$145,395

Balance sheet and other

Total assets, start of year
$450,961
Total assets, end of year
$443,010
Total liabilities, end of year
$499,894
Net assets, end of year
-$56,884
Land, buildings and equipment
$402,294
Net assets without donor restrictions
-$56,884
Gross receipts
$197,601
Employees
2
Volunteers
0
Year formed
1999
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.

NameTitleHours / weekCompensation
MICHAEL MCLOUGHLINPRESIDENT
Key employee
15$37,500
CHERYL HARTNETTVICE PRESIDENT
Key employee
15$37,500
JAMES ARRIGHIDIRECTOR
Trustee or director
2$0
MICHAEL BRENNANDIRECTOR
Trustee or director
2$0
GEORGE LENIHANDIRECTOR
Trustee or director
2$0
990 for the year ended March 31, 2024: 5 people
NameTitleHours / weekCompensation
MICHAEL MCLOUGHLINPRESIDENT
Key employee
15$39,167
CHERYL HARTNETTVICE PRESIDENT
Key employee
15$39,167
JAMES ARRIGHIDIRECTOR
Trustee or director
2$0
MICHAEL BRENNANDIRECTOR
Trustee or director
2$0
GEORGE LENIHANDIRECTOR
Trustee or director
2$0

Address and contacts

Address (IRS master file)
25 5TH AVE, NARRAGANSETT, RI 02882-3612
In care of
% MICHAEL C MCLOUGHLIN
Principal officer (990 for 2024)
MICHAEL MCLOUGHLIN, 25 FIFTH STREET, NARRAGANSETT, RI 02882
Signed the 990
MICHAEL MCLOUGHLIN, PRESIDENT
Phone
(401) 782-0642
Return prepared by
GOLDEN GORMLY & COMPANY

Mission

TO CREATE AND MAINTAIN AFFORDABLE HOUSING AND PROVIDE COMMUNITY OUTREACH FOR LOW/MODERATE INCOME INDIVIDUALS AND FAMILIES AS WELL AS DEED MONITORING SERVICES.

990 for the year ended March 31, 2025

Program accomplishments

  • PROVIDE AFFORDABLE RENTAL HOUSING UNITS AND DEED MONITORING SERVICES.
    Expenses $145,395 · revenue $132,365

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 yearYear endedDueIRS public records
2025March 31, 2026August 17, 2026Not on file
2024March 31, 2025August 15, 2025990 on file
2023March 31, 2024August 15, 2024990 on file

IRS record

EIN
05-0493949
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
1998
Accounting year ends
March
Files
Form 990 or 990-EZ
Assets (IRS master file)
$443,010
Income (IRS master file)
$197,601

Filing history

FormYear endedRevenueExpensesAssetsReturn
990March 2025$163,584$145,395$443,010XML
990March 2024$123,270$151,317$450,961XML
990March 2023$123,589$135,293$505,618IRS
990March 2022–––IRS
990March 2021–––IRS
990March 2020–––IRS
990March 2019–––IRS
990March 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 05-0493949).

Questions about NARRAGANSETT AFFORDABLE HOUSING INC

What is the EIN of NARRAGANSETT AFFORDABLE HOUSING INC?
The employer identification number (EIN) of NARRAGANSETT AFFORDABLE HOUSING INC is 05-0493949.
Is NARRAGANSETT AFFORDABLE HOUSING INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
Are donations to NARRAGANSETT AFFORDABLE HOUSING INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does NARRAGANSETT AFFORDABLE HOUSING INC 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 NARRAGANSETT AFFORDABLE HOUSING INC 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 NARRAGANSETT AFFORDABLE HOUSING INC 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 NARRAGANSETT AFFORDABLE HOUSING INC?
The 990 for the year ended March 31, 2025 names MICHAEL MCLOUGHLIN.
Who are the officers and directors of NARRAGANSETT AFFORDABLE HOUSING INC?
The 990 for the year ended March 31, 2025 lists 5 people; 2 received compensation from the organization, the highest $37,500 (MICHAEL MCLOUGHLIN, PRESIDENT).
How much revenue does NARRAGANSETT AFFORDABLE HOUSING INC have?
On its 990 for the year ended March 31, 2025 it reported revenue of $163,584, expenses of $145,395 and total assets of $443,010 at year end.

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