Womens Opportunity Realty Corp EIN 05-0408633

Womens Opportunity Realty Corp

EIN  05-0408633 Supporting organization Providence, RI
Form 990 (PDF) Compare with another nonprofit →
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Size
<$100K
What they do
Provides affordable housing for families and seniors.
Leadership
Denise Patnode · Treasurer
Money in and out
$71K revenue, $41K expenses
Bottom line
+42% net inflow

Provides affordable housing for families and seniors. For fiscal year 2024 it reported $71K in revenue, $41K in expenses, and $642K in net assets.Pt I

Money in and out · FY2024
Total revenue
$71K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$642K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $30K
Where spending went · Part IX cols B–D
Program services $1.00
Net inflow
+42%
revenue over expenses, this year▲ +188% vs prior filing year
Pass-through gifts
57%
of revenue from contributions
Program spending
100%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$71K
FY2024▲ +42%
Expenses
$41K
FY2024▼ -4%
Total assets
$5.6M
FY2024▼ -1%
Total liabilities
$5.0M
FY2024▼ -2%
Total revenue
$71K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$642K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$30K
Total assetsPt X · Ln 16$5.6M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $41K of program spending, described in the organization's own filed words · FY2024.
01

Expand the housing opportunities for low-income families by the purchase and rehabilitation of existing BLDGS and construction of new BLDGS in s. Providence

$41Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CWomens Opportunity Realty Corp
EINHdr · item D05-0408633
Principal addressHdr · item CProvidence, RI
WebsiteHdr · item Jwww.wdchoc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MRI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L20Z)
Ruling yearIRS BMFApr 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants$41K · 57%
Program service revenue$30K · 43%
Contributions & grants57%$41K
Program service revenue43%$30K
— government grantsLn 1e$41K
Total revenueLn 12$71K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$41K
Total functional expensesLn 25$41K

Balance Sheet

Part X · end of year
CashLn 1$6K
Total assetsLn 16$5.6M
Total liabilitiesLn 26$5.0M
Total net assetsLn 32$642K
Months of cash on handcomputed1.8

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $6K · Operating expenses/yr $41K
1.8 months
Where the money goes
Program services
Program services $41K · Total expenses $41K
100%
Management & General
Management & general $0 · Total expenses $41K
0%
Fundraising
Fundraising $0 · Total expenses $41K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $41K · Total revenue $71K
57%
Government reliance
Government grants $41K · Total revenue $71K
57%
Earned-income share
Program service revenue $30K · Total revenue $71K
43%
Investment reliance
Investment income $0 · Total revenue $71K
0%
Program self-sufficiency
Program service revenue $30K · Total expenses $41K
74%
Growth & trend
Revenue growth (YoY)
This year $71K · Prior year $50K
+42%
Net-asset trend (YoY)
End of year $642K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $71K · Expenses $41K
+42%
Liabilities-to-Assets
Total liabilities — · Total assets $5.6M
Net-asset ratio
Net assets $642K · Total assets $5.6M
11%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $5.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Denise Patnode · Reported title TREASURER · Highest reported compensation $0 · Total expenses $41K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $41K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 42%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $41K · 2024–2024

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$71K revenue · viewing · ⤓ 990 PDF
FY2023$50K revenue · ⤓ 990 PDF
FY2022$577K revenue · ⤓ 990 PDF
FY2021$159K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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