Olneyville Housing Corp
Only null% goes to programs Strong reserves
Olneyville Housing Corp is a 501(c)(3) organization based in Providence, Rhode Island, registered in 1990, with $7,111,879 in FY2024 revenue. CharityIndex grades it B.
66 Chaffee St, Providence, RI, 02909 EIN 22-3010422 Since 1990
Revenue (FY2024)
$7.1M
▼ 35.0% vs prior year
Housing median: $408K
Expenses (FY2024)
$7.7M
Net assets
$11.7M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Olneyville Housing Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating18 mo reserves · -8% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Olneyville Housing Corp: 18 mo reserves · -8% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Olneyville Housing Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Olneyville Housing Corp: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 66 Chaffee St, Providence, RI, 02909
- City
- Providence
- State
- Rhode Island
- Category
- Housing & Shelter
- Subcategory
- Housing Development & Management
- Website
- …
Financial trends
Revenue grew from $1.6M (FY2013) to $7.1M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $15.3MNet assets $11.7M
Operating margin
-8.3%
Spent more than it raised in the latest fiscal year.
Total assets
$27.0M
Total liabilities
$15.3M
Net assets
$11.7M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $7,111,879▼35.0% | $7,703,787▲25.1% | $11,713,024▼4.7% | $27,022,985▲4.4% | 990 |
| 2023 | $10,936,227▲18.9% | $6,156,658▼13.1% | $12,293,768▲49.8% | $25,876,696▲61.1% | 990 |
| 2022 | $9,198,891▲36.7% | $7,084,893▲47.1% | $8,206,739▲31.0% | $16,065,797▲14.5% | 990 |
| 2021 | $6,728,120▲62.6% | $4,816,243▲46.6% | $6,266,835▲50.8% | $14,027,125▲44.1% | 990 |
| 2020 | $4,137,120▲81.3% | $3,285,359▲26.0% | $4,156,651▲19.4% | $9,736,570▲32.3% | 990 |
| 2019 | $2,281,610▼51.3% | $2,607,298▼40.6% | $3,480,405▲5.0% | $7,362,083▲23.1% | 990 |
| 2018 | $4,689,503▲126% | $4,391,506▲177% | $3,314,720▲28.4% | $5,979,465▼16.6% | 990 |
| 2017 | $2,073,497▼22.2% | $1,586,496▼35.2% | $2,581,819▲23.0% | $7,170,107▼11.5% | 990 |
| 2016 | $2,665,369▲43.9% | $2,447,066▲19.8% | $2,099,836▲11.5% | $8,100,708▼6.6% | 990 |
| 2015 | $1,852,628▲16.4% | $2,043,092▲25.9% | $1,883,159▼4.1% | $8,675,872▲18.8% | 990 |
| 2013 | $1,592,229 | $1,623,219▲17.0% | $1,962,890▼1.6% | $7,305,293▼0.3% | 990 |
| 2012 | — | $1,387,111▲19.3% | $1,994,365▲0.1% | $7,329,790▲7.4% | 990 |
| 2011 | — | $1,162,283▼5.6% | $1,993,180▲25.5% | $6,825,639▲2.6% | 990 |
| 2010 | — | $1,231,021▲39.8% | $1,588,384▲46.0% | $6,655,257▲20.8% | 990 |
| 2009 | — | $880,307 | $1,087,682 | $5,510,244 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $15.2M total
72 grants to Olneyville Housing Corp totaling $15.2M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Reinvestment Fund Inc | Assist with and support data capacity-building program and its associated activities to build data capacity within communities | 2024 | $75,000 |
| Local Initiatives Support Corporation | See part iv | 2024 | $75,000 |
| The Rhode Island Community Foundation | Housing (primary) | 2024 | $70,000 |
| The Blackbaud Giving Fund | General support | 2024 | $15,000 |
| The Rhode Island Community Foundation | Housing | 2023 | $3,009,082 |
| Neighborhood Reinvestment Corp | General support | 2023 | $303,500 |
| Local Initiatives Support Corporation | See part iv | 2023 | $185,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $101,750 |
| National Foundation For the Ctrs For Disease Contr & Prevention Inc | Strategies to transform community health | 2023 | $32,000 |
| Tufts Health Public Plans Inc | Sponsorship: day of service | 2023 | $6,000 |
| Blue Meridian Partners Inc | To support scaling plan | 2022 | $2,000,000 |
| The Rhode Island Community Foundation | General operating support, 35 sheridan construction | 2022 | $372,948 |
| Neighborhood Reinvestment Corp | General support | 2022 | $355,500 |
| The Rhode Island Community Foundation | Expansion of statewide hez model | 2022 | $264,939 |
| The Rhode Island Community Foundation | Sub-grants/workforce development/q3 advance | 2022 | $223,820 |
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Frequently asked questions
- Is Olneyville Housing Corp a legitimate nonprofit?
- Yes. Olneyville Housing Corp is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 22-3010422, based in Providence, Rhode Island. Donations are tax-deductible.
- What is Olneyville Housing Corp's EIN?
- Olneyville Housing Corp's Employer Identification Number (EIN) is 22-3010422.
- How much revenue does Olneyville Housing Corp report?
- Olneyville Housing Corp reported $7,111,879 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Olneyville Housing Corp have?
- CharityIndex grades Olneyville Housing Corp B, based on financial health (reserves and operating margin).
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Data for Olneyville Housing Corp (EIN 22-3010422) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.