Nonprofit · EIN 22-2963595
HOMEOWNERSHIP AFFORDABILITY TRUST FUND
Tax-exempt · PROVIDENCE, RI 02903
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,551,001 | -$2,154,594 | $7,705,595 | $121,201,871 | $0 | $121,201,871 |
| June 30, 2024 | 990 | $5,807,699 | $5,515,407 | $292,292 | $113,830,936 | $500,000 | $113,330,936 |
| June 30, 2023 | 990 | $6,426,249 | $3,678,162 | $2,748,087 | $113,861,875 | $557,147 | $113,304,728 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $1,931,644
- Investment income
- $3,619,357
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- -$2,154,594
Balance sheet and other
- Total assets, start of year
- $113,830,936
- Total assets, end of year
- $121,201,871
- Total liabilities, end of year
- $0
- Net assets, end of year
- $121,201,871
- Land, buildings and equipment
- $403,137
- Publicly traded securities
- $10,559,473
- Gross receipts
- $5,551,001
- Employees
- 0
- Volunteers
- 1
- Year formed
- 1988
- 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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL VENTURA | EXECUTIVE DIRECTOR Trustee or director, Officer | 0.25 | $0 | $220,237 | $43,920 |
| KARA LACHAPELLE | CFO Trustee or director, Officer | 0.25 | $0 | $193,168 | $29,573 |
| DEBORAH GODDARD | CHAIRWOMAN Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL VENTURA | EXECUTIVE DIRECTOR Trustee or director, Officer | 0.25 | $0 | $216,013 | $42,138 |
| KARA LACHAPELLE | CFO Trustee or director, Officer | 0.25 | $0 | $209,777 | $28,405 |
| STEFAN PRYOR | CHAIRMAN Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 3 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| CAROL VENTURA | EXECUTIVE DIRECTOR Trustee or director, Officer | 0.25 | $0 | $242,815 | $40,659 |
| KARA LACHAPELLE | CFO Trustee or director, Officer | 0.25 | $0 | $187,224 | $27,371 |
| STEFAN PRYOR | CHAIRMAN Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 44 WASHINGTON ST, PROVIDENCE, RI 02903-1731
- Principal officer (990 for 2024)
- KARA LACHAPELLE, 44 WASHINGTON STREET, PROVIDENCE, RI 02903
- Signed the 990
- KARA LACHAPELLE, CFO
- Phone
- (401) 457-1234
- Website
- WWW.RIHOUSING.COM
- Return prepared by
- CLIFTONLARSONALLEN
Mission
PRESERVATION OF AFFORDABLE HOUSING IN THE STATE OF RHODE ISLAND
Program accomplishments
- TRUST RECEIPTS AND INTEREST ON LOANS AND PROGRAM INVESTMENTSExpenses -$2,154,594 · revenue $5,551,001
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2963595
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L500)
- Assets (IRS master file)
- $121,201,871
- Income (IRS master file)
- $5,551,001
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,551,001 | -$2,154,594 | $121,201,871 | XML |
| 990 | June 2024 | $5,807,699 | $5,515,407 | $113,830,936 | XML |
| 990 | June 2023 | $6,426,249 | $3,678,162 | $113,861,875 | XML |
| 990 | June 2022 | $1,978,717 | $2,882,370 | $111,238,696 | IRS |
| 990 | June 2021 | – | – | – | 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 22-2963595).
Questions about HOMEOWNERSHIP AFFORDABILITY TRUST FUND
- What is the EIN of HOMEOWNERSHIP AFFORDABILITY TRUST FUND?
- The employer identification number (EIN) of HOMEOWNERSHIP AFFORDABILITY TRUST FUND is 22-2963595.
- Is HOMEOWNERSHIP AFFORDABILITY TRUST FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to HOMEOWNERSHIP AFFORDABILITY TRUST FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does HOMEOWNERSHIP AFFORDABILITY TRUST FUND 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 HOMEOWNERSHIP AFFORDABILITY TRUST FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOMEOWNERSHIP AFFORDABILITY TRUST FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HOMEOWNERSHIP AFFORDABILITY TRUST FUND?
- The 990 for the year ended June 30, 2025 names KARA LACHAPELLE.
- Who are the officers and directors of HOMEOWNERSHIP AFFORDABILITY TRUST FUND?
- The 990 for the year ended June 30, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does HOMEOWNERSHIP AFFORDABILITY TRUST FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,551,001, expenses of -$2,154,594 and total assets of $121,201,871 at year end.
Other nonprofits in PROVIDENCE
- JAMMAT HOUSING AND COMMUNITY DEVELOPMENT CORPORATION EIN 05-0463993 · last filed 990 for 2025
- OLNEYVILLE HOUSING CORP EIN 22-3010422 · last filed 990 for 2024
- RHODE ISLAND COALITION FOR THE HOMELESS EIN 22-2894547 · last filed 990 for 2025
- HOUSING OPPORTUNITIES CORPORATION EIN 22-2487344 · last filed 990 for 2025
- OMNI DEVELOPMENT CORPORATION EIN 22-2721731 · last filed 990 for 2024
- ARBOR HILL ASSISTED LIVING EIN 45-2047960 · last filed 990 for 2024
- HIGHER GROUND INTERNATIONAL EIN 11-3842652 · last filed 990 for 2024
- HAUS OF CODEC EIN 87-1199109 · last filed 990 for 2025
All nonprofits in PROVIDENCE · Rhode Island · Housing and shelter