Smith Hill Community Development Corporation: FY2021 Nonprofit Profile & Form 990 (EIN 05-0466422)

Revenue by fiscal year
FY2021	$791K
FY2022	$564K
FY2023	$666K
FY2024	$779K
FY2025	$1.2M

Expenses by fiscal year
FY2021	$900K
FY2022	$670K
FY2023	$532K
FY2024	$538K
FY2025	$454K

Net assets by fiscal year
FY2021	$1.3M
FY2022	$1.2M
FY2023	$1.3M
FY2024	$1.1M
FY2025	$0

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1992.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

89 cents of each dollar spent went to programs.

89%

Program services 89% · $800K Management & general 11% · $100K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Patrick Reddy

Treasurer

$0Pt VII · Sec A

Shaun Mark

Chair

$0Pt VII · Sec A

Heather Gaydos

Director

$0Pt VII · Sec A

Justin Roias

Director

$0Pt VII · Sec A

Ian Budish

Director

$0Pt VII · Sec A

Raquel Perez

Secretary

$0Pt VII · Sec A

Karley Carto

Director

$0Pt VII · Sec A

See Smith Hill Community Development Corporation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Improves neighborhoods for low and moderate-income people.

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1 program · $800K · in their own filed words · FY2020

01

Neighborhood revitalization including acquisition, development, sale and rental of property for low and moderate income persons

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 05-0466422) · Dispute this line

$800Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record

Grants received · FY2023

Amazonsmile FoundationFY2023$16

Total grants receivedfrom 1 funder$16

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs

Year ending Jun 2021 · $2.4M federal money spent

Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Rihousing and 1 more$1.7M

Neighborhood StabilizationDepartment of Housing and Urban Development · ALN 14.264 · Through City of Providence and 1 more$615K

Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through RI Foundation$29K

Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Providence$28K

Covid-19 Testing for the UninsuredDepartment of Health and Human Services · ALN 93.461 · Through One Neighborhood Builders$24K

The auditor reported 2 findings.

Year ending Jun 2020 · $2.3M federal money spent

Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Rihousing and 1 more$1.7M

Neighborhood StabilizationDepartment of Housing and Urban Development · ALN 14.264 · Through City of Providence and 1 more$615K

Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Providence$4K

The auditor reported 2 findings: doubt the group can keep going.

Year ending Jun 2019 · $2.4M federal money spent

Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Rihousing and 1 more$1.6M

Neighborhood StabilizationDepartment of Housing and Urban Development · ALN 14.264 · Through City of Providence and 1 more$615K

Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Providence$202K

The auditor reported 4 findings.

Year ending Jun 2018 · $2.2M federal money spent

Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Rihousing and 1 more$1.5M

Community Development Block Grants/State's Program and Non-Entitlement Grants in HawaiiDepartment of Housing and Urban Development · ALN 14.228 · Through City of Providence and 1 more$615K

Section 4 Capacity Building for Community Development and Affordable HousingDepartment of Housing and Urban Development · ALN 14.252 · Through Lisc$50K

Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Providence$45K

The auditor reported 8 findings.

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$791K

Ln 12

Fees for servicesLn 2g$638K

Gifts and grantsLn 1h$153K

Other incomeLn 4–11$414

Money outPt IX

$900K

Ln 25

Programscol B$800K

Managementcol C$100K

Owns and owesPt X

$1.3M

net assets · Ln 32

Cash and savingsLn 1–2$50K

Total assetsLn 16$3.1M

LiabilitiesLn 26$1.8M

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$153K

Government grantsLn 1e$137K

Fees for servicesLn 2g$638K

Investment incomeLn 3$11

Other incomeLn 4–11$414

Total revenueLn 12$791K

Assets in detailPt X, end of year

CashLn 1$50K

Cash and savings togetherLn 1–2$50K

Pledges and grants receivableLn 3$20K

Accounts receivableLn 4$17K

Prepaid expenses and deferred chargesLn 9$16K

Land, buildings, equipmentLn 10c$3.0M

InvestmentsLn 11–13$1

Other assetsLn 15$54K

Total assetsLn 16$3.1M

LiabilitiesLn 26$1.8M

Net assetsLn 32$1.3M

OperationsPt I, VI

EmployeesI 57

VolunteersI 67

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$94K	$50K
InvestmentsLn 11–13	$1	$1
Land, buildings, equipmentLn 10c	$3.0M	$3.0M
Total assetsLn 16	$3.2M	$3.1M
LiabilitiesLn 26	$1.8M	$1.8M
Net assetsLn 32	$1.4M	$1.3M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$173K	$120K	$53K
Other employee benefitsLn 9	$23K	$16K	$7K
Payroll taxesLn 10	$18K	$13K	$6K
Management feesLn 11a	$11K	$11K
Accounting feesLn 11c	$16K		$16K
Other fees for servicesLn 11g	$2K	$2K
Office expensesLn 13	$3K	$2K	$617
OccupancyLn 16	$32K	$25K	$8K
Conferences, conventions and meetingsLn 19	$252		$252
InterestLn 20	$18K	$18K	$73
Depreciation, depletion and amortizationLn 22	$104K	$104K
InsuranceLn 23	$37K	$33K	$4K
Other expenses (24a–d)Ln 24	$440K	$439K	$1K
All other expensesLn 24e	$23K	$18K	$5K
Total functional expensesLn 25	$900K	$800K	$100K	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 LatestFiled with the IRS Aug 27, 2025	$1.2M	$454K	$714K	$0	990 PDF
FY2024Filed with the IRS Oct 31, 2024	$779K	$538K	$241K	$1.1M	990 PDF
FY2023Filed with the IRS Oct 19, 2023	$666K	$532K	$134K	$1.3M	990 PDF
FY2022Filed with the IRS Sep 29, 2022	$564K	$670K	−$106K	$1.2M	990 PDF
FY2021 ViewingFiled with the IRS Sep 20, 2021	$791K	$900K	−$108K	$1.3M	990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations

See the full FY2021 990

Part I · Summary $791,058 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $164,519$152,624

I-9 Program service revenuePrior year $283,514$638,009

I-10 Investment incomePrior year $0$11

I-11 Other revenuePrior year $22,518$414

I-12 Total revenuePrior year $470,551$791,058

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $202,437$214,244

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $379,932$685,269

I-18 Total expensesPrior year $582,369$899,513

I-19 Revenue less expensesPrior year −$111,818−$108,455

Part VI · Governance 7 of 7 board members independent, 2 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $791,058 across 7 lines filed

VIII-1e Government grants$136,653

VIII-1f All other contributions, gifts and grants$15,971

VIII-1h Total contributions, gifts and grants$152,624

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $638,009$638,009

VIII-3 Investment incomeExcluded from tax $11$11

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $414$414

VIII-12 Total revenueRelated to mission $638,423 · Unrelated business $0 · Excluded from tax $11$791,058

Part IX · Statement of functional expenses $899,513 across 14 lines filed

IX-7 Other salaries and wagesPrograms $120,375 · Management $52,765$173,140

IX-9 Other employee benefitsPrograms $15,958 · Management $6,996$22,954

IX-10 Payroll taxesPrograms $12,619 · Management $5,531$18,150

IX-11a Management feesPrograms $10,675$10,675

IX-11c Accounting feesManagement $15,966$15,966

IX-11g Other fees for servicesPrograms $1,625$1,625

IX-13 Office expensesPrograms $1,968 · Management $617$2,585

IX-16 OccupancyPrograms $24,665 · Management $7,735$32,400

IX-19 Conferences, conventions and meetingsManagement $252$252

IX-20 InterestPrograms $17,969 · Management $73$18,042

IX-22 Depreciation, depletion and amortizationPrograms $104,078$104,078

IX-23 InsurancePrograms $32,906 · Management $4,387$37,293

IX-24 Other expenses (24a–d)Programs $438,822 · Management $1,000$439,822

IX-24e All other expensesPrograms $17,967 · Management $4,564$22,531

IX-25 Total functional expensesPrograms $799,627 · Management $99,886 · Fundraising $0$899,513

Part X · Balance sheet $3,110,911 assets, 18 lines filed

X-1 Cash, non-interest-bearingStart of year $94,459$49,818

X-3 Pledges and grants receivable$20,000

X-4 Accounts receivableStart of year $7,920$16,872

X-9 Prepaid expenses and deferred chargesStart of year $30,876$16,498

X-10c Land, buildings and equipment, netStart of year $3,031,446$2,953,289

X-12 Other securitiesStart of year $1$1

X-15 Other assetsStart of year $42,386$54,433

X-16 Total assetsStart of year $3,207,088$3,110,911

X-17 Accounts payable and accrued expensesStart of year $115,316$101,401

X-19 Deferred revenue$43,025

X-23 Secured mortgages and notes payableStart of year $1,544,230$1,567,433

X-24 Unsecured notes and loans payableStart of year $99,600$60,731

X-25 Other liabilitiesStart of year $18,633$17,467

X-26 Total liabilitiesStart of year $1,777,779$1,790,057

X-27 Net assets without donor restrictionsStart of year $574$52,656

X-28 Net assets with donor restrictionsStart of year $1,428,735$1,268,198

X-32 Total net assets or fund balancesStart of year $1,429,309$1,320,854

X-33 Total liabilities and net assetsStart of year $3,207,088$3,110,911

Part XI · Reconciliation of net assets $1,320,854 net assets at year end

XI-1 Total revenue$791,058

XI-2 Total expenses$899,513

XI-3 Revenue less expenses−$108,455

XI-4 Net assets at start of year$1,429,309

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$1,320,854

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Smith Hill Community Development Corporation FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Smith Hill Community Development Corporation

Funders

Grants

Federal money

By the numbers

Filing history

Schedules filed Part IV