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Olneyville Housing Corp

Olneyville Housing Corp

Providence, RI 02909
Tax ID22-3010422

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About this organization

Revenue

$2,281,610

Expenses

$2,607,298

Mission

Housing opportunities for low and moderate income persons

About

One/NB has developed over 500 affordable homes in historically-disinvested Providence neighborhoods since 2000. The agency presently owns 377 apartments, providing high-quality, affordable housing for Rhode Island families, including individuals who have experienced homelessness. One/NB has completed 10 low-income housing tax credit projects, totaling over $100 million of investment.

Interesting data from their 2020 990 filing

The filing clearly states the mission of the non-profit as “One neighborhood builders (one/nb) is a community development organization with a mission to promote equity, public health and community safety. we accomplish our mission through: o strategic real estate development within the greater-providence region to increase the availability of affordable homes, spur economic development, and protect our natural resources; o engagement of providence residents and community-based organizations to build trust and collective problem-solving; o development of individuals' financial capabilities so that they may realize their personal asset-building goals.”.

When outlining its functions, they were explained as: “Housing opportunities for low and moderate income persons”.

  • In compliance with legal regulations, the non-profit has reported their state of operation as RI.
  • The filing records the non-profit's address for 2020 as 66 CHAFFEE STREET, PROVIDENCE, RI, 02909.
  • As of 2020, the non-profit's form reports a total of 18 employees.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$325,688.
  • The organization has 11 independent voting members.
  • The organization was formed in 1988.
  • The organization pays $869,166 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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