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Bvarc Housing

Tax-deductible

Pawtucket, RI501(c)(3)HousingEIN 05-0484094Revenue $165K in FY2025

On file with the IRS500 Prospect Street, 02860-6258 · Pawtucket, RITax-exempt since Sep 1996Publicly supported charity — 170(b)(1)(A)(vi)

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For the charitable purpose of developing and operating Bvarc Housing blackstone valley chapter, a residential facility for disabled persons, under section 811 of the national Housing act.

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$417K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $13K a year · 9% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$417K
to officers and key staff · 216% of spending
Top officer’s pay higher than 97% of similar orgs
Concern: pay to officers and key staff is 216% of spending; over 30%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.3 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
186% of total assets
Concern: liabilities are 186% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$165K
+10% vs prior year
Spent
$193K
To programs
86%
Net assets
−$517K
By yearFY2021–FY2025
Revenue
$165K
FY2025▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2021$136K
FY2022$137K
FY2023$134K
FY2024$151K
FY2025$165K
Expenses
$193K
FY2025▲ +34%
Tap a bar for its year
Expenses by fiscal year
FY2021$150K
FY2022$146K
FY2023$153K
FY2024$144K
FY2025$193K
Net assets
−$517K
FY2025▼ -6%
Tap a bar for its year
Net assets by fiscal year
FY2021−$491K
FY2022−$501K
FY2023−$519K
FY2024−$490K
FY2025−$517K

From the FY2025 Form 990 (year ending June 2025) · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1996.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $167K Management & general 14% · $26K

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

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Who runs it and what they're paid

14 people listed on the 990; $417K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
John J Padien III
Chief Executive Officer
$175,226Pt VII · Sec A
Diane Sanford
Chief Administrative Officer
$122,582Pt VII · Sec A
Dale Kennedy
Chief Product Officer
$119,191Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

John J Padien III’s $175K as Chief Executive Officer is at the 97th percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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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 15aNo

Programs and updates

Provides housing for disabled individuals in a residential facility.

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Provided by the organization

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1 program · $167K · in their own filed words · FY2024
01

For the charitable purpose of developing and operating bvarc housing blackstone valley chapter, a residential facility for disabled persons, under chapter 811 of national housing act.

$167Kprogram expense

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$165K
Ln 12
Fees for servicesLn 2g$82K
Gifts and grantsLn 1h$71K
Other incomeLn 4–11$11K
Money outPt IX
$193K
Ln 25
Programscol B$167K
Managementcol C$26K
Owns and owesPt X
−$517K
net assets · Ln 32
Cash and savingsLn 1–2$5K
Total assetsLn 16$601K
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
14
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$71K
Government grantsLn 1e$71K
Fees for servicesLn 2g$82K
Investment incomeLn 3$1K
Other incomeLn 4–11$11K
Total revenueLn 12$165K
Assets in detailPt X, end of year
CashLn 1$5K
Cash and savings togetherLn 1–2$5K
Land, buildings, equipmentLn 10c$452K
Other assetsLn 15$126K
Total assetsLn 16$601K
LiabilitiesLn 26$1.1M
Net assetsLn 32−$517K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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
LineStart FY25End FY25
Cash and savingsLn 1–2$12K$5K
Land, buildings, equipmentLn 10c$452K$452K
Total assetsLn 16$623K$601K
LiabilitiesLn 26$1.1M$1.1M
Net assetsLn 32−$490K−$517K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$32K$32K
Management feesLn 11a$11K$11K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$660$660
Advertising and promotionLn 12$72$72
Office expensesLn 13$2K$2K
OccupancyLn 16$94K$94K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$16K$16K
Total functional expensesLn 25$193K$167K$26K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $165K$193K−$28K−$517K 990 PDF
FY2024 $151K$144K$7K−$490K 990 PDF
FY2023 $134K$153K−$19K−$519K 990 PDF
FY2022 $137K$146K−$9K−$501K 990 PDF
FY2021 $136K$150K−$14K−$491K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $165,091 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $61,350$71,367
I-9 Program service revenuePrior year $79,934$81,929
I-10 Investment incomePrior year $58$1,003
I-11 Other revenuePrior year $9,369$10,792
I-12 Total revenuePrior year $150,711$165,091
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 $8,132$31,677
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $135,449$161,351
I-18 Total expensesPrior year $143,581$193,028
I-19 Revenue less expensesPrior year $7,130−$27,937
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $165,091 across 6 lines filed
VIII-1e Government grants$71,367
VIII-1h Total contributions, gifts and grants$71,367
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $81,929$81,929
VIII-3 Investment incomeUnrelated business $1,003$1,003
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $10,792$10,792
VIII-12 Total revenueRelated to mission $92,721 · Unrelated business $1,003 · Excluded from tax $0$165,091
Part IX · Statement of functional expenses $193,028 across 9 lines filed
IX-7 Other salaries and wagesPrograms $31,677$31,677
IX-11a Management feesManagement $11,356$11,356
IX-11c Accounting feesManagement $12,200$12,200
IX-11g Other fees for servicesManagement $660$660
IX-12 Advertising and promotionManagement $72$72
IX-13 Office expensesManagement $2,080$2,080
IX-16 OccupancyPrograms $93,972$93,972
IX-22 Depreciation, depletion and amortizationPrograms $25,427$25,427
IX-23 InsurancePrograms $15,584$15,584
IX-25 Total functional expensesPrograms $166,660 · Management $26,368 · Fundraising $0$193,028
Part X · Balance sheet $601,021 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $11,534$5,409
X-4 Accounts receivableStart of year $1,347$564
X-9 Prepaid expenses and deferred chargesStart of year $13,957$17,512
X-10c Land, buildings and equipment, netStart of year $451,600$451,673
X-15 Other assetsStart of year $145,054$125,863
X-16 Total assetsStart of year $623,492$601,021
X-17 Accounts payable and accrued expensesStart of year $15,454$19,198
X-25 Other liabilitiesStart of year $4,841$6,563
X-26 Total liabilitiesStart of year $1,113,043$1,118,509
X-27 Net assets without donor restrictionsStart of year −$489,551−$517,488
X-32 Total net assets or fund balancesStart of year −$489,551−$517,488
X-33 Total liabilities and net assetsStart of year $623,492$601,021
Part XI · Reconciliation of net assets −$517,488 net assets at year end
XI-1 Total revenue$165,091
XI-2 Total expenses$193,028
XI-3 Revenue less expenses−$27,937
XI-4 Net assets at start of year−$489,551
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$517,488

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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