Housing Network Rhode Island Assoc Of Nonprofit Housing Developers
- Assets
- $340.4k
- Revenue
- $798.7k
- Investments
- $0.0
- Employees
- 4
- Location
- Pawtucket, RI
- Founding
- 06/1994
- Data as of
- 06/2021
- EIN
- 05-0465216
Organization Overview
Housing Network Rhode Island Assoc Of Nonprofit Housing Developers is located in Pawtucket, RI. The organization was established in 1994. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Housing Network Rhode Island Assoc Of Nonprofit Housing Developers employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Network Rhode Island Assoc Of Nonprofit Housing Developers is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Housing Network Rhode Island Assoc Of Nonprofit Housing Developers generated $798.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 10.7% each year . All expenses for the organization totaled $755.3k during the year ending 06/2021. While expenses have increased by 11.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE THE ECONOMIC, EDUCATIONAL AND SOCIAL LEVELS OF THE RESIDENTS OF RI
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING ADVOCACY AND EDUCATIONAL SERVICES PROVIDED TO AND ON BEHALF OF MEMBER NON-PROFIT ORGANIZATIONS LOCATED IN RHODE ISLAND. THE NETWORK ALSO PROVIDES EDUCATIONAL SERVICES TO THE GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melina Lodge Executive Director | Officer | 40 | $102,432 |
Linda Weisinger Secretary | OfficerTrustee | 1 | $0 |
Sharon Morris Treasurer | OfficerTrustee | 2 | $0 |
Joseph Garlick Jr President | OfficerTrustee | 2 | $0 |
Jennifer Hawkins Director | Trustee | 1 | $0 |
Colin Penney Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $13,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $389,888 |
| All other contributions, gifts, grants, and similar amounts not included above | $394,548 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $798,386 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$895 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $798,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,432 |
| Compensation of current officers, directors, key employees. | $5,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $185,655 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,257 |
| Payroll taxes | $29,155 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $44,277 |
| Advertising and promotion | $0 |
| Office expenses | $12,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,190 |
| Travel | $718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,273 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,586 |
| All other expenses | $0 |
| Total functional expenses | $755,325 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,704 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $127,085 |
| Accounts receivable, net | $23,767 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,162 |
| Net Land, buildings, and equipment | $440 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,233 |
| Total assets | $340,391 |
| Accounts payable and accrued expenses | $24,726 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $59,496 |
| Other liabilities | $0 |
| Total liabilities | $84,222 |
| Net assets without donor restrictions | $256,169 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $340,391 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Housing Network Rhode Island Assoc Of Nonprofit Housing Developers has recieved totaling $280,280.
| Awarding Organization | Amount |
|---|---|
National Low Income Housing Coalition And Low Income Housing Washington, DC PURPOSE: $80K ERASE; $40K OHOVOTES | $120,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: HOMES RI COMMUNICATIONS SUPPORT; HOMES RI COMMUNICATIONS / DID YOU KNOW; COVID-19 VACCINATION INCENTIVE FUND GRANT | $85,000 |
United Way Of Rhode Island Inc Providence, RI PURPOSE: DESIGNATED DONATION/GRANT | $75,280 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neighborhood Assistance Corporation Of America Boston, MA | $267,784,866 | $49,655,624 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
United Residents In Academy Homes Ii Inc Roxbury, MA | $30,056,643 | $8,930,600 |
Homeowners Rehab Inc Cambridge, MA | $114,049,178 | $6,783,220 |
Ccba Tai Tung Management Inc Boston, MA | $39,986,974 | $8,662,376 |
The Caleb Group Inc Swampscott, MA | $1,718,156 | $4,435,338 |
The Woonsocket Neighborhood Development Corporation Woonsocket, RI | $24,639,643 | $2,965,788 |
Neighborhood Housing Services Of New Haven Inc New Haven, CT | $6,243,957 | $2,148,185 |
Edgewood Senior Solutions Group Inc North Andover, MA | $3,534,707 | $1,609,645 |
Partnership For Strong Communities Inc Hartford, CT | $1,890,234 | $2,064,161 |
Housing Operations Management Enterprises Inc New Haven, CT | $7,329,269 | $1,749,422 |
Habitat For Humanity International Inc Acton, MA | $3,032,022 | $1,870,114 |