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Westerly Revolving Fund Inc.

Westerly Revolving Fund Inc.

Westerly, RI
Tax ID35-2465487

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Amount

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By donating on this page you are making an irrevocable contribution to Daffy Charitable Fund, a 501(c)(3) public charity, and a subsequent donation recommendation to the charity listed above, subject to our Member Agreement. Contributions are generally eligible for a charitable tax-deduction and a yearly consolidated receipt will be provided by Daffy. Processing fees may be applied and will reduce the value available to send to the end charity. The recipient organizations have not provided permission for this listing and have not reviewed the content.
Donations to organizations are distributed as soon as the donation is approved and the funds are available. In the rare event that Daffy is unable to fulfill the donation request to this charity, you will be notified and given the opportunity to choose another charity. This may occur if the charity is unresponsive or if the charity is no longer in good standing with regulatory authorities.

About this organization

Revenue

-$26,621

Expenses

$28,143

Mission

To preserve historical heritage of Westerly and stimulate community revitalization.

About

Affordable housing renovation program - during 2017, the organization purchased an historic property in need of renovation. The organization completed the renovations and sold the property in 2018. The property sold is now subject to a 10-year deed restriction limiting rentals to affordable housing pursuant to HUD criteria.

Interesting data from their 2019 990 filing

According to the filing documents, the non-profit's mission is defined as “To preserve historical heritage of westerly and stimulate community revitalization.”.

When referring to its tasks, they were referred to as: “To preserve historical heritage of westerly and stimulate community revitalization.”.

  • The non-profit's state of operation has been legally reported as RI.
  • According to the latest filing, the non-profit's address in 2019 is PO BOX 112, WESTERLY, RI, 028910112.
  • The total number of employees reported by the non-profit on their form for 2019 is 0.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are less than $100,000.
  • Revenue less expenses is -$54,764.
  • The CEO compensation package within the organization is not determined through a thorough evaluation and endorsement by a neutral source.
  • The organization has 4 independent voting members.
  • The organization was formed in 2013.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.