2025-05-15T12:50:28-05:00 2024-06-30 453085083 DAMIANO BURK & NUTTALL PC 6 BLACKSTONE VALLEY PL STE 109 LINCOLN RI 02865 990 2023-07-01 223241611 PAWTUCKET CENTRAL FALLS DEVELOPMENT CORP PAWT 4017261173 204 BROAD ST PAWTUCKET RI 028602089 LINDA WEISINGER EXECUTIVE DIRECTOR 4017261173 2025-05-15 1 1 JASON NUTTALL P00157872 4013332880 2025-05-15 2023 2025-03-06 01:10:19Z LINDA WEISINGER 204 BROAD ST PAWTUCKET RI 02860 6641372 0 X WWW.PCFDEVELOPMENT.ORG X 1994 RI PROVIDE AFFORDABLE HOUSING 13 13 13 0 0 0 1996353 2785719 1083857 399903 8377 18994 -676696 -1578815 2411891 1625801 0 0 0 0 915822 963517 0 0 0 1142597 1087055 2058419 2050572 353472 -424771 22497901 20718446 20170160 18815476 2327741 1902970 X PROVIDED AFFORDABLE HOUSING. 0 0 1859306 6456372 PCDC AND PCDC HOMES (THE AGENCY) WERE FORMED TO EXPAND THE HOUSING OPPORTUNITIES FOR LOW AND MODERATE INCOME FAMILIES WITHIN THE CITY OF PAWTUCKET, RHODE ISLAND. AS OF JULY 1, 2014 THEY MERGED WITH REALTY ENDEAVORS FOR AFFORDABLE COMMUNITY HOUSING, INC. A SMILIAR ORGANIZATION OPERATING IN CENTRAL FALLS, RI. TOGETHER AS PAWTUCKET CENTRAL FALLS DEVELOPMENT CORP. THEY EFFECTUATE THIS PURPOSE BY COORDINATING THE PURCHASE AND REHABILITATION OF DETERIORATED BUILDINGS AND THE CONSTRUCTION OF NEW BUILDINGS IN ORDER TO PROVIDE AFFORDABLE HOUSING FOR SUCH FAMILIES. THE ORGANIZATION PROVIDES AFFORDABLE HOUSING THROUGH FEDERAL GRANTS UNDER THE FOLLOWING HOME INVESTMENT PARTICIPATION PROGRAMS:RENTAL REHABILITATIONS- THE ORGANIZATION ACQUIRES AND REHABILITATES MULTIFAMILY HOUSES WHICH ARE SUBSEQUENTLY MADE AVAILABLE FOR RENT TO QUALIFIED FAMILIES. THESE UNITS ARE RENTED ON A ONE YEAR LEASE BASIS AND ARE MANAGED BY BARKAN MANAGEMENT COMPANY.HOME OWNERSHIP PROGRAM - THE ORGANIZATION ACQUIRES AND REHABILITATES HOUSES AND SELLS THE PROPERTIES TO QUALIFIED FAMILIES, GENERALLY AT BELOW ITS COSTS AND ARE FULLY SUBSIDIZED BY FEDERAL GRANTS. 1859306 1 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 5 0 13 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X LINDA WEISINGER 4017261173 204 BROAD STREET PAWTUCKET RI 02860 X JOSE LOPES TREASURER 3.00 X X 0 0 0 GEORGE CHARETTE PRESIDENT 3.00 X X 0 0 0 WILMA SMITH MEMBER 1.00 X 0 0 0 ANTONIO MOREIRA MEMBER 1.00 X 0 0 0 KEVIN KAZARIAN MEMBER 1.00 X 0 0 0 JOHN CHOPOORIAN VICE PRESIDENT 1.00 X X 0 0 0 CARLOS VARGAS MEMBER 1.00 X 0 0 0 ELIZABETH MOREIRA SECRETARY 1.00 X X 0 0 0 ABOUBACAR CAMARA MEMBER 1.00 X 0 0 0 OCTAVIAN GONCALVES MEMBER 1.00 X 0 0 0 MEAGHAN LEVASSEUR MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 2741839 43880 2785719 DEVELOPMENT FEES 531390 399903 399903 399903 18994 18994 967461 1617501 -650040 -650040 -650040 2435538 3398070 -962532 -962532 MISCELLANEOUS 531390 33757 33757 33757 1625801 -1159918 0 0 822712 740441 82271 69259 62333 6926 71546 64391 7155 4565 4565 37553 37553 16853 16853 23133 23133 34310 30879 3431 VARIOUS PROGRAM COSTS 948142 948142 AUTOMOBILE 8642 7698 944 MISCELLANEOUS 7833 7833 TELEPHONE 6024 5422 602 2050572 1859306 191266 0 2366841 2875969 417641 321426 58319 36550 498694 1281126 4791804 4919975 89957 103699 14324165 7315431 9206971 7008734 5067674 4170967 22497901 20718446 641550 561291 1118927 895462 15073697 14017203 3335986 3341520 20170160 18815476 X 1495729 1070958 832012 832012 2327741 1902970 22497901 20718446 -424771 0 X X 0 1 X 1 1 1 X 1197955 1704078 2837221 1237888 3063276 10040418 1197955 1704078 2837221 1237888 3063276 10040418 10040418 832417 823868 904020 1034006 986455 4580766 14621184 7389313 0.68670 0.63280 X 572659 572659 13477777 7041702 6436075 250635 250635 0 23094 23094 0 7008734 SINGLE FAMILY HOUSING UNDER CONSTRUCTION 1747564 C INVESTMENT IN BVG II LP 2317153 C INVESTMENT IN BARTON STREET LP 11849 C INVESTMENT IN BRANCH BLACKSTONE LP -70 C INVESTMENT IN BVG LP -390 C INVESTMENT IN PCF VENTURES 94861 C 4170967 DEFERRED DEVELOPER FEE 52597 SECURITY DEPOSITS 52569 ACCRUED INTEREST PAYABLE 2871961 ACCRUED EXPENSES 233594 LINE OF CREDIT 130799 3341520 X 6641372 5015571 5015571 1625801 0 1625801 7066143 5015571 5015571 2050572 0 2050572 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT CHARITABLE ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM INCOME TAXES PURSUANT TO SECTION 501(A) OF THE CODE. THE ORGANIZATION FILES A FEDERAL RETURN OF AN ORGANIZATION EXEMPT FROM INCOME TAX, FORM 990, AND IS NO LONGER SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR THE FISCAL YEARS ENDED JUNE 30, 2021 AND PRIOR. FOR FEDERAL TAX PURPOSES, PCFDC HOMES AND RRIC, LPLLC FILE AS A COMBINED ENTITY WITH THE ORGANIZATION. FOR STATE TAX PURPOSES, PCFDC HOMES AND RRIC, LPLLC FILE A RHODE ISLAND CORPORATE INCOME TAX RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN NET ON FORM 990 1,617,501. COST OF AFFORDABLE HOMES SOLD SHOWN NET ON FORM 990 3,398,070. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES SHOWN NET ON FORM 990 1,617,501. COST OF AFFORDABLE HOMES SOLD SHOWN NET ON FORM 990 3,398,070. FORM 990, PART VI, SECTION B, LINE 11B COPY OF FORM 990 IS AVAILABLE FOR REVIEW BY MEMBERS OF THE GOVERNING BODY UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY ADHERES TO THE CONFLICT OF INTEREST POLICY THAT IS IN PLACE. THIS POLICY IS REVIEWED PERIODICALLY. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE DIRECTOR AND OTHER KEY MANAGMENT PERSONNEL ARE REVIEWED BY THE BOARD OF DIRECTORS ON AN ANNUAL BASIS AS TO THEIR COMPENSATION PACKAGES. FORM 990, PART VI, SECTION C, LINE 18 THE BORAD MAKES AVAILABLE ITS BOARD MEETINGS, FORM 990 AND AUDITED FINANCIAL STATEMENTS UPON REQUEST FORM 990, PART VI, SECTION C, LINE 19 THE BOARD MAKES AVAILABLE ITS BOARD MEETINGS, FORM 990 AND AUDITED FINANCIAL STATEMENTS UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE ORGANIZATION'S OVERSIGHT OR SELECTION PROCESS PCDC HOMES LLC 204 BROAD STREET PAWTUCKET RI 02860 RENTAL LOW INCOME HOUSING RI RRIC LLC 204 BROAD STREET PAWTUCKET RI 02860 RENTAL LOW INCOME HOUSING RI BARTON STREET LIMITED PARTNERSHIP 204 BROAD ST PAWTUCKET RI 02860 050520177 LOW INCOME HOUSING RI BARTON STREET DEVELOPMENT CORPORATION 0 1 0.01000 BLACKSTONE VALLEY GATEWAYS LP 204 BROAD ST PAWTUCKET RI 02860 270780007 LOW INCOME HOUSING RI BLACKSTONE VALLEY DEVELOPMENT CORPORATION 0 1 0.01000 BVG II LIMITED PARTNERSHIP 204 BROAD ST PAWTUCKET RI 02860 462564502 LOW INCOME HOUSING RI GATELY DEVELOPMENT CORPORATION 0 1 0.01000 RESTORE LIMITED PARTNERSHIP 204 BROAD ST PAWTUCKET RI 02860 LOW INCOME HOUSING RI NEIGHBORHOOD INITIATIVES FOR GOOD HOUSING INC 0 1 0.01000 BRANCH BLACKSTONE LIMITED PARTNERSHIP 204 BROAD ST PAWTUCKET RI 02860 384016968 LOW INCOME HOUSING RI BRANCH BLACKSTONE DEVELOPMENT CORP 0 1 0.01000 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 BLACKSTONE VALLEY GATEWAYS LP D 26138 LOAN AGREEMENT BVG II LP D 56118 LOAN AGREEMENT BARTON STREET LP D 26906 LOAN AGREEMENT BRANCH BLACKSTONE LP D LOAN AGREEMENT