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Nonprofit · EIN 26-2699081

BLACKSTONE VALLEY DEVELOPMENT CORP

Tax-exempt · PAWTUCKET, RI 02860

Financials

$245K$496K2023$583K$632K2024
Revenue Expenses · by fiscal year end
Financials of BLACKSTONE VALLEY DEVELOPMENT CORP by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$583,095$632,464-$49,369$10,501,684$2,497,873$8,003,811
December 31, 2023990-PF$245,055$496,181-$251,126$10,540,406$2,510,462$8,029,944
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$83,259
Net rental income
-$71,651
Net gain from sales of assets
$29,728
Other income
$5,050

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$0
Salaries, compensation and benefits (total)
$48,674
Disbursements for charitable purposes
$337,851
Excise tax on investment income
$1,237

Balance sheet and other

Total assets, start of year
$10,540,406
Total assets, end of year
$10,501,684
Total liabilities, end of year
$2,497,873
Net assets, end of year
$8,003,811
Fair market value of assets
$10,524,920
Qualifying distributions
$337,851
Net investment income
$118,037

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-PF for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
WILLIAM J SZAFAROWICZ
4 OLD COACH ROAD, WILBRAHAM, MA 01095
PRESIDENT0.25$0
JOSEPH F MCENNESS
68 PRAIRIE AVENUE, NEWPORT, RI 02840
TREASURER0.25$0
KATHLEEN ONEILL
42 FAIRHAVEN ROAD, CUMBERLAND, RI 02864
SECRETARY0.25$0
JOSEPH F MCENNESS
68 PRAIRIE AVENUE, NEWPORT, RI 02840
DIRECTOR0.25$0
THOMAS HODGE
53 WILTON AVENUE, PAWTUCKET, RI 02861
DIRECTOR0.25$0
PAUL BENOIT
412 45TH STREET, ASTORIA, OR 97103
DIRECTOR0.25$0
JOHN J PADIEN III
500 PROSPECT STREET, PAWTUCKET, RI 02860
EXECUTIVE DIRECTOR0.25$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
JOHN J PADIEN III
500 PROSPECT STREET, PAWTUCKET, RI 02860
EXECUTIVE DIRECTOR0.25$50,000
WILLIAM J SZAFAROWICZ
4 OLD COACH ROAD, WILBRAHAM, MA 01095
PRESIDENT0.25$0
JOSEPH F MCENNESS
68 PRAIRIE AVENUE, NEWPORT, RI 02840
TREASURER0.25$0
KATHLEEN ONEILL
42 FAIRHAVEN ROAD, CUMBERLAND, RI 02864
SECRETARY0.25$0
JOSEPH F MCENNESS
68 PRAIRIE AVENUE, NEWPORT, RI 02840
DIRECTOR0.25$0
THOMAS HODGE
53 WILTON AVENUE, PAWTUCKET, RI 02861
DIRECTOR0.25$0
PAUL BENOIT
412 45TH STREET, ASTORIA, OR 97103
DIRECTOR0.25$0

Address and contacts

Address (IRS master file)
500 PROSPECT STREET, PAWTUCKET, RI 02860-6258
Signed the 990-PF
JOHN J PADIEN III, EXECUTIVE DIRECTOR
Phone
(401) 727-0150
Return prepared by
OTRANDO PORCARO & ASSOCIATES LTD

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
26-2699081
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
2009
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$10,501,684
Income (IRS master file)
$583,095

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024–––IRS
990-PFDecember 2023$245,055$496,181$10,540,406IRS
990-PFDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-PFDecember 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.

Questions about BLACKSTONE VALLEY DEVELOPMENT CORP

What is the EIN of BLACKSTONE VALLEY DEVELOPMENT CORP?
The employer identification number (EIN) of BLACKSTONE VALLEY DEVELOPMENT CORP is 26-2699081.
Is BLACKSTONE VALLEY DEVELOPMENT CORP tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to BLACKSTONE VALLEY DEVELOPMENT CORP tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does BLACKSTONE VALLEY DEVELOPMENT CORP file?
Form 990-PF. Private foundations file every year.
When is the next return of BLACKSTONE VALLEY DEVELOPMENT CORP due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did BLACKSTONE VALLEY DEVELOPMENT CORP last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of BLACKSTONE VALLEY DEVELOPMENT CORP?
The 990-PF for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does BLACKSTONE VALLEY DEVELOPMENT CORP have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $583,095, expenses of $632,464 and total assets of $10,501,684 at year end.

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