Grove Street Cooperative
- Assets
- $400.7k
- Revenue
- $3.7k
- Investments
- $400.0k
- Employees
- 0
- Location
- Providence, RI
- Founding
- Data as of
- 12/2022
- EIN
- 88-4094461
Organization Overview
Grove Street Cooperative is located in Providence, RI. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, 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. Grove Street Cooperative is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED AFFORDABLE HOUSING TO SIX RESIDENTS AND A MODEL OF LABOR SHARING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Fosburg Treasurer | 1 | $0 | |
Ingrid Matison Secretary | 1 | $0 | |
Florence Wallis Director | 1 | $0 | |
William Conner Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $3,710 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,710 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $3,388 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,388 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $3,388 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $362 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $400,000 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $400,684 |
| Accounts payable and accrued expenses | $1,643 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $80,000 |
| Mortgages and other notes payable | $318,719 |
| Other liabilities | $0 |
| Total liabilities | $400,362 |