2024-10-16T12:29:00-05:00 2024-06-30 872525370 CITRIN COOPERMAN ADVISORS LLC 500 EXCHANGE STREET SUITE 9-100 PROVIDENCE RI 02903 990 2023-07-01 201110283 WESTBAY HOUSING CORPORATION WEST 4017324666 224 BUTTONWOODS AVENUE WARWICK RI 02886 PAUL SALERA PRESIDENT/CEO 4017324666 2024-10-11 1 0 MICHAEL E CRISCIONE P01456801 4014214800 2024-10-11 2023 2024-10-15 13:58:12Z X PAUL SALERA 224 BUTTONWOODS AVENUE WARWICK RI 02886 524940 0 X N/A X 2004 RI TO ASSIST LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES TO ACHIEVE AND SUSTAIN SELF-SUFFICIENCY BY PROVIDING RENTAL OPPORTUNITIES. X 14 14 0 0 0 0 0 515509 10086 9431 -55153 0 0 0 -45067 524940 0 301525 0 0 0 0 0 0 0 29676 29081 29676 330606 -74743 194334 307347 0 501681 0 -194334 0 X TO ASSIST LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES TO ACHIEVE AND SUSTAIN SELF-SUFFICIENCY BY PROVIDING RENTAL OPPORTUNITIES. 0 1 301525 301525 TRANSFER OF NET ASSETS TO WESTBAY COMMUNITY ACTION ON DISSOLUTION. 29081 9431 TO ASSIST LOW TO MODERATE INCOME INDIVIDUALS AND FAMILIES TO ACHIEVE AND SUSTAIN SELF-SUFFICIENCY BY PROVIDING RENTAL OPPORTUNITIES. 330606 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X HEATHER BRAGA 4017324666 224 BUTTONWOODS AVENUE WARWICK RI 02886 ANTHONY CORRENTE JR CHAIR 1.00 1.00 X X 0 0 0 DANIEL O'ROURKE 1ST VICE CHAIR 1.00 1.00 X X 0 0 0 ERIN MCANDREW DIRECTOR 1.00 1.00 X 0 0 0 JASON BOUCHARD TREASURER 1.00 1.00 X X 0 0 0 SUE BAKER DIRECTOR 1.00 1.00 X 0 0 0 CHRISTINE IMBRIGLIO DIRECTOR 1.00 1.00 X 0 0 0 STEPHEN MCALLISTER DIRECTOR 1.00 1.00 X 0 0 0 VERTEAL PATTERSON DIRECTOR 1.00 1.00 X 0 0 0 MELAINE POTRZEBA DIRECTOR 1.00 1.00 X 0 0 0 MARCIA SLOBIN 2ND VICE CHAIR 1.00 1.00 X X 0 0 0 KIMBERLY WINEMAN SECRETARY 1.00 1.00 X X 0 0 0 ADAM SATCHELL DIRECTOR 1.00 1.00 X 0 0 0 CHRISTINE WILSON DIRECTOR 1.00 1.00 X 0 0 0 LAURA TUSCANI DIRECTOR 1.00 1.00 X 0 0 0 PAUL A SALERA PRESIDENT/CEO 1.00 40.00 X 178995 0 18870 HEATHER BRAGA CFO 1.00 40.00 X 135162 0 25445 314157 0 44315 2 0 1 0 0 515509 515509 515509 PROGRAM REVENUE 531110 9431 9431 9431 524940 9431 0 0 301525 301525 2308 2308 17334 17334 12 12 5822 5822 3125 3125 480 480 330606 330606 0 0 0 0 0 0 0 0 0 0 0 0 0 307347 0 0 0 0 0 0 307347 0 501681 0 501681 0 X -194334 0 -194334 0 307347 0 194334 0 X X 0 1 X 1 0 X 17719 3621 515509 536849 17719 3621 515509 536849 536849 536849 46562 1.00000 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC"). AS A NOT-FOR-PROFIT ENTITY, THE ORGANIZATION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"), IF APPLICABLE. IN ACCORDANCE WITH FASB ASC 740, INCOME TAXES, THE ORGANIZATION APPLIES THE "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION AND DERECOGNITION OF TAX POSITIONS FOR ITS FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE ORGANIZATION'S TAX POSITIONS AND HAS CONCLUDED THAT THERE WERE NO UNCERTAIN TAX POSITIONS THAT QUALIFIED FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE ORGANIZATION FILES AN INFORMATIONAL TAX RETURN IN THE U.S. FEDERAL JURISDICTION. 1 WESTBAY COMMUNITY ACTION INC 224 BUTTONWOODS AVENUE WARWICK RI 02886 050311985 501(C)(3) 301525 0 TRANSFER OF ASSETS AS PART OF DISSOLUTION 1 PART I, LINE 2: WESTBAY COMMUNITY ACTION IS A RELATED ORGANIZATION, THEREFORE NO MONITORING OF THE USE OF THE ASSETS IS CONSIDERED NECESSARY. 0 0 0 0 0 0 0 0 0 PAUL A SALERA PRESIDENT/CEO 178995 0 0 0 0 0 0 0 18870 0 197865 0 0 0 HEATHER BRAGA CFO 135162 0 0 0 0 0 0 0 25445 0 160607 0 0 0 PART I, LINE 3 COMPENSATION FOR THE PRESIDENT/CEO IS APPROVED BY THE BOARD ANNUALLY. X FORGIVENESS OF INTERCOMPANY LOAN 1 515509 BOOK VALUE 0 0 0 REAL ESTATE 2024-06-30 213984 BOOK VALUE 050311985 WESTBAY COMMUNITY ACTION 224 BUTTONWOODS AVENUE WARWICK RI 02886 501(C)(3) 1 0 0 0 1 1 1 1 0 PART I, LINE 2E: PERSON(S) INVOLVED: ALL OF THE ORGANIZATION'S BOARD MEMBERS WERE ALREADY BOARD MEMBERS OF THE TRANSFEREE ORGANIZATION. FORM 990, PART III, LINE 3 IN APRIL 2023 THE BOARD OF DIRECTORS APPROVED THE DISSOLUTION OF THE ORGANIZATION, WHICH WAS COMPLETED EFFECTIVE JUNE 30, 2024. AT THIS TIME, THE ORGANIZATION'S REMAINING NET ASSETS WERE TRANSFERRED TO THE AFFILIATE COMPANY, WESTBAY COMMUNITY ACTION, INC. FORM 990, PART VI, SECTION B, LINE 11B THE CEO, CFO, AND MEMBERS OF THE FINANCE COMMITTEE REVIEW THE 990, WHICH IS THEN PROVIDED TO MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD IS REQUIRED TO SIGN A CONFLICT OF INTEREST FORM YEARLY AND MUST DENOTE ANY INTEREST THAT COULD GIVE RISE TO CONFLICTS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE KEPT ON FILE AND AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION HAS AN ACTIVE FINANCE COMMITTEE THAT MEETS WITH THE INDEPENDENT AUDITORS TO REVIEW AND APPROVE THE AUDITED FINANCIAL STATEMENTS AND DISCUSS ANY MATTERS NOTED BEFORE OR DURING THE AUDIT PROCESS. THE FINANCE COMMITTEE THEN BRINGS THE FINANCIAL STATEMENTS TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. THE BOARD OF DIRECTORS AND FINANCE COMMITTEE PERIODICALLY ADVERTISE THROUGH COMPETITIVE PUBLIC BID FOR THE ENGAGEMENT OF THE INDEPENDENT AUDITORS. WESTBAY COMMUNITY ACTION INC 224 BUTTONWOODS AVENUE WARWICK RI 02886 050311985 ORGANIZE PLAN AND PROVIDE SOCIAL SERVICES TO LOW INCOME AND THE ELDERLY RI 501(C)(3) LINE 7 0 0 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0