Mill River Community Housing Corporation
- Assets
- $563.5k
- Revenue
- $198.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Providence, RI
- Founding
- 06/1987
- Data as of
- 06/2022
- EIN
- 05-0427152
Organization Overview
Mill River Community Housing Corporation is located in Providence, RI. The organization was established in 1987. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mill River Community Housing 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 06/2022, Mill River Community Housing Corporation generated $198.1k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $253.2k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
MILL RIVER COMMUNITY HOUSING CORPORATION (MILL RIVER) IS ORGANIZED TO PROVIDE HANDICAPPED PERSONS WITH LOW-INCOME HOUSING FACILITIES AND ACCESS TO SERVICES WHICH ARE SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PHYSIOLOGICAL NEEDS(SEE SCHEDULE O).
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE LOW-INCOME HOUSING AND ACCESS TO SUPPORT SERVICES TO PEOPLE WITH DISABILITIES, PRIMARILY RELATED TO BEHAVIORAL HEALTH ISSUES. MILL RIVER HAS A TOTAL OF 14 UNITS IN THREE BUILDINGS LOCATED IN CENTRAL FALLS, RHODE ISLAND: 3 UNITS AT 64 BUTLER AVENUE, 6 UNITS AT 151 LIBERTY STREET, AND 5 UNITS AT 153-155 LIBERTY STREET. THE OCCUPANCY RATE WAS 95% DURING THE FISCAL YEAR COVERED IN THIS RETURN. THE WAITING LIST AS OF 6/30/22 CONSISTED OF 10 INDIVIDUALS FOR 1-BEDROOM UNITS AND 0 INDIVIDUALS FOR 2-BEDROOM UNITS. THERE WERE 226 VACANT DAYS AMONG THE 14 UNITS DURING THE FISCAL YEAR COVERED IN THIS RETURN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Timothy J Babineau MD Dir.- Thru 6/22 | Trustee | 0.1 | $0 |
Scott W Dichristofero President | Officer | 0.1 | $0 |
Arthur J Sampson Director | Trustee | 0 | $0 |
Jay Burdick Director | Trustee | 0.1 | $0 |
Nicole M Corbin Director | Trustee | 0 | $0 |
Michael Furia Jr Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $138,788 |
| 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 | $138,788 |
| Total Program Service Revenue | $54,634 |
| Investment income | $379 |
| 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 | $198,141 |
| 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 | $36,901 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,500 |
| 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 | $44,317 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $34,687 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,605 |
| Insurance | $1,719 |
| All other expenses | $0 |
| Total functional expenses | $253,165 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,584 |
| Savings and temporary cash investments | $226,544 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,598 |
| 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 | $315,497 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,307 |
| Total assets | $563,530 |
| Accounts payable and accrued expenses | $100,266 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $3,307 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $373,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $477,168 |
| Net assets without donor restrictions | $86,362 |
| 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 | $563,530 |