Community Works Rhode Island
- Assets
- $2.0m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- Data as of
- 12/2016
- EIN
- 05-0376759
Organization Overview
Community Works Rhode Island is located in Providence, RI. Community Works Rhode Island 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 12/2016, Community Works Rhode Island generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 36.6% each year . All expenses for the organization totaled $636.5k during the year ending 12/2016. 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
2016
Describe the Organization's Mission:
Part 3 - Line 1
HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS AND IMPROVEMENTS IN THE NEIGHBORHOODS WHERE THESE PERSONS RESIDE
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OWNS AND OPERATES RESIDENTIAL PROPERTY FOR RENT TO LOW AND MODERATE INCOME PERSONS AND COMMERICAL PROPERTY SUPPORTING THOSE PERSONS. IN ADDITION, THE ORGANIZATION IS DEVELOPING 2 PROPERTIES FOR SALE OR RENT TO QUALIFYING LOW AND MODERATE INCOME PERSONS UNDER FEDERAL HOUSING GUIDELINES. IN ADDITION, THE ORGANIZATION PROVIDES HOME BUYER TRAINING CLASSES AND COMMUNITY OUTREACH PROGRAMS TO FACILITATE HOME OWNERSHIP BY LOW AND MODERATE INCOME PERSONS. THE ORGANIZATION, DIRECTLY OR THROUGH WHOLLY OWNED SUBSIDIARIES, INVESTS IN SIX LOW INCOME HOUSING PARTNERSHIPS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sean Creegan President | OfficerTrustee | 2 | $0 |
Elmer Stanley Secretary | OfficerTrustee | 2 | $0 |
Zander Marro Treasurer | OfficerTrustee | 2 | $0 |
Clay Rockefeller Vice President | OfficerTrustee | 2 | $0 |
Lt Dean Isabella Director | Trustee | 1 | $0 |
Julia Gold Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,668 |
| Investment income | $1,025 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $496,375 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,476,416 |
| Statement of Expenses | |
|---|---|
| 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 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 | $9,283 |
| Fees for services: Legal | $972 |
| Fees for services: Accounting | $11,081 |
| 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 | $2,117 |
| 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 | $66 |
| Interest | $2,550 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,235 |
| Insurance | $9,410 |
| All other expenses | $0 |
| Total functional expenses | $636,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,285 |
| Savings and temporary cash investments | $72,712 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $34,271 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,880 |
| Prepaid expenses and deferred charges | $4,215 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,167 |
| Total assets | $2,011,223 |
| Accounts payable and accrued expenses | $199,737 |
| 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 | $555,727 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,739 |
| Total liabilities | $784,203 |
| Net assets without donor restrictions | $605,385 |
| Net assets with donor restrictions | $320,547 |
| Capital stock or trust principal, or current funds | $301,088 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $1,227,020 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Community Works Rhode Island has recieved totaling $18,224.
| Awarding Organization | Amount |
|---|---|
West Elmwood Housing Development Corp Providence, RI PURPOSE: COUNSELING AWARD | $18,224 |
Endowment Analysis
| Beg. Balance | $439,463 |
| Admin Expense | $136,310 |
| Net Contributions | $39,151 |
| Ending Balance | $342,304 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Home Lifecare Manhattan New York, NY | $92,070,146 | $86,814,145 |
Central European University New York, NY | $577,160,061 | $72,058,098 |
International Union Of Operating Engineers Welfare Fund Long Island City, NY | $98,450,225 | $98,628,304 |
Alfred P Sloan Foundation New York, NY | $2,105,880,634 | $192,527,982 |
Urs Federal Support Services Inc Veba Trust Welfare Benefits Plan Boston, MA | $7,183,166 | $100,020,557 |
Connecticut Foodshare Inc Wallingford, CT | $64,587,641 | $98,816,890 |
Global Poverty Project Inc New York, NY | $26,229,156 | $91,596,868 |
Baystate Wing Hospital Corporation Palmer, MA | $104,408,982 | $97,206,592 |
Actblue Civics Inc Somerville, MA | $9,393,713 | $97,519,174 |
Saint Marys Hospital For Children Inc Bayside, NY | $163,358,524 | $102,313,252 |
Center For Disability Services Inc Albany, NY | $69,306,939 | $100,152,127 |
Common Wealth Clinical Alliance Inc Boston, MA | $145,104,803 | $101,479,734 |