Olneyville Housing Corp

Organization Overview

Olneyville Housing Corp, operating under the name One Neighborhood Builders, is located in Providence, RI. The organization was established in 1990. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, One Neighborhood Builders employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. One Neighborhood Builders 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 12/2022, One Neighborhood Builders generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $7.1m during the year ending 12/2022. While expenses have increased by 16.8% per year over the past 8 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.

Since 2021, One Neighborhood Builders has awarded 43 individual grants totaling $2,243,942. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME PERSONS

Describe the Organization's Program Activity:

Part 3 - Line 4a

REAL ESTATE DEVELOPMENT AND ASSET MANAGEMENT: ONE/NB HAS DEVELOPED ALMOST 600 AFFORDABLE HOMES IN HISTORICALLY-DISINVESTED PROVIDENCE NEIGHBORHOODS SINCE 1988. THE AGENCY PRESENTLY OWNS AND MANAGES 429 APARTMENTS, PROVIDING HIGH-QUALITY, AFFORDABLE HOUSING FOR RHODE ISLAND FAMILIES, INCLUDING INDIVIDUALS WHO EXPERIENCED HOMELESSNESS. ONE/NB HAS COMPLETED 11 LOW-INCOME HOUSING TAX CREDIT PROJECTS, TOTALING OVER $135 MILLION OF INVESTMENT.


COMMUNITY BUILDING: ONE/NB LEADS THE CENTRAL PROVIDENCE HEATH EQUITY ZONE, CHARGED WITH ADDRESSING THE ROOT CAUSES OF HEALTH DISPARITIES, IMPROVE NEIGHBORHOOD CONDITIONS, AND INCREASE ECONOMIC MOBILITY FOR RESIDENTS IN CENTRAL PROVIDENCE. ONE/NB'S COMMUNITY INITIATIVES HAVE IDENTIFIED SPECIFIC STRATEGIES TO ADDRESS LOCAL ISSUES LIKE HOUSING, JOBS, AND PUBLIC HEALTH AND SAFETY.


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Board, Officers & Key Employees

Name (title)Compensation
Althea Graves
Director (outgoing)
$0
Domenic F Delmonico
Treasurer
$0
Elizabeth Howlett
Director
$0
Elizabeth Roberts
Director (outgoing)
$0
Evelyn Ranone
Director
$0
Jordan Durham
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
J2construct Inc
Construction
$1,481,561
Barbara Sokoloff Associates
Consulting
$120,000
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $859,296
All other contributions, gifts, grants, and similar amounts not included above$6,427,847
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$7,287,143
Total Program Service Revenue$1,683,727
Investment income $11,996
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 $66,797
Miscellaneous Revenue$0
Total Revenue $9,198,891

Grants Awarded

Over the last fiscal year, Olneyville Housing Corp has awarded $1,384,230 in support to 22 organizations.

Grant RecipientAmount

BUILDING FUTURES RHODE ISLAND

PURPOSE: PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY

$7,808

COMMUNITY ACTION PARTNERSHIP OF PROVIDENCE

PURPOSE: PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY

$15,453

FEDERAL HILL HOUSE ASSOCIATION INC

PURPOSE: PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY

$246,720

GENESIS CENTER

PURPOSE: PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY

$374,652

INSPIRING MINDS

PURPOSE: PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY

$5,521

MANTON AVENUE PROJECT

PURPOSE: PROMOTE EQUITY, PUBLIC HEALTH AND COMMUNITY SAFETY

$7,914
View Grant Profile

Peer Organizations

Organization NameAssets
Affordable Housing And Services Collaborative Inc
Braintree, MA
$21,678,364
Neville Communities Home Inc
Cambridge, MA
$17,211,927
Fairhaven Healthcare Center Inc
Lowell, MA
$11,897,110
Inquilinos Boricuas En Accion Inc
Boston, MA
$18,804,010
Neighborhood Of Affordable Housing Inc
East Boston, MA
$10,832,448
Milton-Fuller Housing Corporation
Milton, MA
$10,056,705
Jammat Housing And Community Development Corporation
Providence, RI
$9,133,161
The Neighborhood Developers Inc
Chelsea, MA
$8,309,577
Owl Tallahassee Housing Inc
Boston, MA
$6,430,903
Springhouse Inc
Boston, MA
$10,693,230
Olneyville Housing Corp
Providence, RI
$9,198,891
New Neighborhoods Inc
Stamford, CT
$5,439,205
Commonwealth Land Trust Property Bowdoin Manor
Roxbury, MA
$7,547,410
Habitat For Humanity Of North Central Connecticut
Hartford, CT
$5,763,372
Lafayette Rehabilitation And Skilled Nursing Facility Inc
Marblehead, MA
$6,503,946
Habitat For Humanity Of Coastal Fairfield County Inc
Bridgeport, CT
$12,169,324
Caritas Communities Inc
Braintree, MA
$4,590,860
Nectar Community Investments Inc
Lawrence, MA
$6,574,062
Glendower Group Inc
New Haven, CT
$1,539,625
Hearth Inc
Boston, MA
$3,829,738
Habitat For Humanity Metrowest - Greater Worcester Inc
Worcester, MA
$5,257,060
Providence Place Inc
Holyoke, MA
$5,120,011
Habitat For Humanity International Inc
Boston, MA
$4,732,892
Tamarisk Inc
Warwick, RI
$3,390,880
The Pelhman Corporation
Braintree, MA
$5,741,908

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