Ff Realty Corporation
- Assets
- $14.8m
- Revenue
- $199.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 08/2019
- Data as of
- 12/2021
- EIN
- 81-3494843
Organization Overview
Ff Realty Corporation is located in Providence, RI. The organization was established in 2019. According to its NTEE Classification (K02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Food, Agriculture & Nutrition and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ff Realty Corporation 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 12/2021, Ff Realty Corporation generated $199.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (22.6%) each year. All expenses for the organization totaled $629.3k during the year ending 12/2021. 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 ACQUIRE, FINANCE AND DEVELOP PROPERTY TO SUPPORT FARM FRESH RHODE ISLAND'S MISSION OF PROVIDING CHARITABLE AND EDUCATIONAL SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ACQUIRE, FINANCE AND DEVELOP PROPERTY IN SUPPORT OF FARM FRESH RHODE ISLAND'S MISSION OF PROVIDING CHARITABLE AND EDUCATIONAL SERVICES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Xander Morro Director | OfficerTrustee | 0.5 | $0 |
Maureen Pothier Director | OfficerTrustee | 0.5 | $0 |
Kayla Ringleheim Director | OfficerTrustee | 0.5 | $0 |
Jesse Rye Co-Executive | Officer | $0 | |
Virginia Branch Director | Trustee | 0.5 | $0 |
Jane Sabatini Director | Trustee | 0.5 | $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 | $199,000 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $199,000 |
| 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 | $939 |
| Fees for services: Accounting | $1,354 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,000 |
| 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 | $135,375 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $450,644 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $629,328 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $175,680 |
| Savings and temporary cash investments | $251,721 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,283 |
| 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 | $13,368,428 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $499,027 |
| Other assets | $421,484 |
| Total assets | $14,788,623 |
| Accounts payable and accrued expenses | $11,031 |
| 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 | $13,580,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $568,296 |
| Total liabilities | $14,159,327 |
| Net assets without donor restrictions | $629,296 |
| 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 | $14,788,623 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ff Realty Corporation has recieved totaling $898,352.
| Awarding Organization | Amount |
|---|---|
Farm Fresh Rhode Island Providence, RI PURPOSE: REAL ESTATE DEVELOPM | $898,352 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |
New England Farm Workers Council Inc Springfield, MA | $22,599,263 | $91,357,434 |
Food Rescue Us Inc Stamford, CT | $1,341,257 | $63,924,618 |
Childrens Community Services Inc Jamaica, NY | $16,204,658 | $61,833,370 |
Electrical Industry Labor Management Cooperation Tr Dorchester, MA | $23,732,752 | $56,768,144 |
Foodlink Inc Rochester, NY | $12,495,538 | $50,797,539 |
Foodshare Inc Bloomfield, CT | $22,505,719 | $52,446,003 |
Edesia Inc North Kingstown, RI | $34,638,112 | $45,463,901 |
Feedmore Western New York Inc Buffalo, NY | $12,964,755 | $36,110,080 |
Vermont Foodbank Barre, VT | $37,316,599 | $36,820,063 |
Food Bank Of Central New York Syracuse, NY | $20,826,838 | $35,826,283 |
Feeding Westchester Inc Elmsford, NY | $20,334,551 | $33,036,793 |