One Bay Street Center Inc
- Assets
- $1.0m
- Revenue
- -$29.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Westerly, RI
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-5343074
Organization Overview
One Bay Street Center Inc is located in Westerly, RI. The organization was established in 2014. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Bay Street Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO OWN, RENOVATE AND MANAGE ONE BAY STREET IN WATCH HILL, RI, A NATIONAL REGISTER OF HISTORIC PLACES PROPERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OWN, RENOVATE AND MANAGE THE IMPROVED PROPERTY LOCATED ON A PORTION OF ONE BAY STREET, WATCH HILL, RI, A MORE THAN CENTURY OLD PROPERTY PLACED ON THE NATIONAL REGISTER OF HISTORIC PLACES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Grant G Simmons III President | OfficerTrustee | 5 | $0 |
Nicholas C Moore Treasurer | OfficerTrustee | 3 | $0 |
H Brian Thompson Director | Trustee | 1 | $0 |
Deborah Lamm Director | Trustee | 1 | $0 |
Patrick Lemp Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$29,613 |
| 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 | -$29,613 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,505 |
| Fees for services: Accounting | $1,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,623 |
| All other expenses | $0 |
| Total functional expenses | $14,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $22,403 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,010,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,032,565 |
| Accounts payable and accrued expenses | $0 |
| 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 | $835,369 |
| Other liabilities | $1,000 |
| Total liabilities | $836,369 |
| Net assets without donor restrictions | $196,196 |
| 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 | $1,032,565 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that One Bay Street Center Inc has recieved totaling $8,212.
| Awarding Organization | Amount |
|---|---|
Roberts Charitable Foundation Tr 2003 Westerly, RI PURPOSE: PRESERVATION | $8,212 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center Communities Of Brookline Inc Boston, MA | $21,612,727 | $5,843,127 |
Hrca Brookline Housing 1550 Beacon Plaza Boston, MA | $18,498,571 | $4,652,823 |
North Shore Community Development Coalition Inc Salem, MA | $17,290,346 | $6,893,056 |
Mutual Housing Association Of Southwestern Connecticut Inc Trumbull, CT | $16,772,020 | $2,661,661 |
Fenway Community Development Corp Boston, MA | $34,067,808 | $3,370,772 |
Metro West Collaborative Development Inc Newton, MA | $10,716,261 | $1,645,625 |
Corporation For Urban Home Ownership Of New Haven New Haven, CT | $4,432,943 | $1,077,514 |
House Of Hope Housing Inc Lowell, MA | $8,436,153 | $947,848 |
Helping Hands Community Partners Inc Providence, RI | $3,864,522 | $2,035,058 |
Yarock Memorial Housing Inc Worcester, MA | $5,078,488 | $970,124 |
Elmhurst House Inc Pawtucket, RI | $1,648,937 | $447,377 |
Peoples Redevelopment Corporation Providence, RI | $11,644,999 | $397,717 |