NonprofitsSwap Stop Wasting Abandoned Property

Swap Stop Wasting Abandoned Property

PROVIDENCE, RI

Total revenue

$8.1M

Total expenses

$7.6M

Net assets

$3.7M

Grants received

$712K

12 grants

EIN

050370946

Tax year

2023

Mission

To confront the problem of housing abandonment and purchase, rehabilitate, and construct homes and apartment complexes for low to moderate income families in providence, ri, and throughout rhode island. In addition, the organization owns an operates a single member llc known as tp 10, llc that owns 41 apartment units of low and moderate income housing.

Programs

2 programs

Tp 10 llc: own and operate a 41 unit apartment complex that serves low and moderate income families.

Expenses: $684K

Southside gateways/500 broad steet, llc constructed ten units of commerical condominiums in south providence. These condominiums serve to revitalize the area by bringin additional small businesses to its residents.

Expenses: $8K

Financials

FY 2023

Revenue

Contributions & grants$3.5M
Program service revenue$1.8M
Investment income$2.6M
Other revenue$124K
Total revenue$8.1M

Expenses

Grants paid$8K
Salaries & benefits$824K
Fundraising
Other expenses$6.8M
Total expenses$7.6M
Total assets$19.5M
Net assets$3.7M

People

12 listed

NameRoleCompensation

CARLA DESTEFANO

EXECUTIVE DIRECTOR

Board

$147K

39 hrs/wk

NANCY WHIT

SECRETARY

Board

2 hrs/wk

PAUL DUMOUCHEL

TREASURER

Board

2 hrs/wk

CLARIBEL MEJIA

DEPUTY TREASURER

Board

1 hrs/wk

FABIOLA BRUNACHE

DIRECTOR

Board

1 hrs/wk

MIGUEL QUEZADA

PRESIDENT

Board

2 hrs/wk

GRAHAM KILVERT

DIRECTOR

Board

1 hrs/wk

JOHN PRINCE

DIRECTOR

Board

1 hrs/wk

GAYLE RODGERS

DIRECTOR

Board

1 hrs/wk

NANCY HOWARD

DIRECTOR

Board

1 hrs/wk

PETER BORTOLOTTI

VICE PRESIDENT

Board

2 hrs/wk

MARILYN DOLAN CARLSON

DEPUTY DIRECTOR

Staff

$112K

39 hrs/wk

Independent contractors

STAND CORPORATION

CONSTRUCTION SERVICES

$2.0M

EMERALD SERVICES

CONSTRUCTION SERVICES

$276K

UNION STUDIOS

CONSTRUCTION SERVICES

$138K

GARY CHARPENTIER

CONSTRUCTION SERVICES

$116K

Grants received

Showing 12 of 12

FromAmountPurposeYear
$78K
HOUSING (PRIMARY)
2024
$75K
GENERAL OPERATING SUPPORT
2022
$25K
COVID-19 SUPPORT TO RESIDENTS
2020
$25K
COVID-19 SUPPORT TO RESIDENTS
2020
$20K
COVID RESIDENT SERVICES
2020
$20K
COVID RESIDENT SERVICES
2020

Funded by

$712K from 3 funders · 12 grants · 2020–2024

The Rhode Island Community Foundation

$369K · 7 grants · 2020–2024

Local Initiatives Support Corporation

$340K · 4 grants · 2020–2024

Details

EIN050370946
Subsection03
Ruling date1977-03
Formed1976
Employees14
Volunteers120
SWAP STOP WASTING ABANDONED PROPERTY — Mission, Financials & Grants Received | Grantivo