SWAP INC (STOP WASTING ABANDONED PROPERTY)

EIN: 050370946 501(c)(3)

PROVIDENCE, RI

Total Revenue
$8,084,434
Total Expenses
$7,598,835
Total Assets
$19,547,262
Net Assets
$3,679,462
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1976
Legal Domicile
RI
Principal Officer
CARLA DESTEFANO
Phone
4012720526
Tax Period
2023-09-01 to 2024-08-31

SWAP INC (STOP WASTING ABANDONED PROPERTY), founded in 1976, is a community nonprofit that reported $8.1M in total revenue in fiscal year 2023. Revenue surged 94% from the prior year, signaling strong growth momentum. Expenses of $7.6M left a modest 6% surplus.

Mission

THE ORGANIZATION PROMOTES THE CONSERVATION OF PROVIDENCE AND NEARBY NEIGHBORHOODS THROUGH PRESERVATION AND REHABILITATION FOR LOW AND MODERATE INCOME FAMILIES.

Program Service Accomplishments

Program 1
Expenses: $6,795,830 Revenue: $1,321,178

RESIDENTIAL PROGRAM: PROMOTES THE CONSERVATION OF PROVIDENCE AND NEARBY NEIGHBORHOODS THROUGH PRESERVATION AND REHABILITATION FOR LOW AND MODERATE INCOME FAMILIES.

Program 2
Expenses: $684,390 Revenue: $433,338

TP 10 LLC: OWN AND OPERATE A 41 UNIT APARTMENT COMPLEX THAT SERVES LOW AND MODERATE INCOME FAMILIES.

Program 3
Expenses: $7,629 Revenue: $32,040

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...

Read more

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,547,624
Program Service Revenue $1,786,556
Investment Income $2,626,152
Other Revenue $124,102
TOTAL REVENUE $8,084,434

Expense Breakdown

Grants Paid $7,797
Salaries & Benefits $823,673
Fundraising Expenses $0
Program Expenses $7,487,849
Other Expenses $6,767,365
TOTAL EXPENSES $7,598,835

Year-over-Year Comparison

2023 2022 Change
Revenue $8,084,434 $4,159,433 +0.9%
Expenses $7,598,835 $4,210,361 +0.8%
Net Income $485,599 $-50,928 -10.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
14
Volunteers
120

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$159,155
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIGUEL QUEZADA PRESIDENT 2.00
Officer Director
$0 $0 $0
PETER BORTOLOTTI VICE PRESIDENT 2.00
Officer Director
$0 $0 $0
NANCY WHIT SECRETARY 2.00
Officer Director
$0 $0 $0
PAUL DUMOUCHEL TREASURER 2.00
Officer Director
$0 $0 $0
CLARIBEL MEJIA DEPUTY TREASURER 1.00
Officer Director
$0 $0 $0
FABIOLA BRUNACHE DIRECTOR 1.00
Director
$0 $0 $0
NANCY HOWARD DIRECTOR 1.00
Director
$0 $0 $0
GRAHAM KILVERT DIRECTOR 1.00
Director
$0 $0 $0
JOHN PRINCE DIRECTOR 1.00
Director
$0 $0 $0
GAYLE RODGERS DIRECTOR 1.00
Director
$0 $0 $0
CARLA DESTEFANO EXECUTIVE DIRECTOR 39.00
Officer
$147,146 $12,009 $159,155
MARILYN DOLAN CARLSON DEPUTY DIRECTOR 39.00
Highest
$112,206 $4,356 $116,562
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $8,084,434 $7,598,835 $19,547,262 $485,599
2023 $4,159,433 $4,210,361 $18,102,766 $-50,928
2022 $966,295 $1,428,642 $15,764,414 $-462,347
2021 $2,283 $792,137 $15,144,919 $-789,854
2020 $1,837,185 $906,279 $16,771,764 $930,906
2019 $4,152,674 $780,751 $15,691,815 $3,371,923
2018 $-355,975 $817,572 $11,686,637 $-1,173,547
Explore More Nonprofits
→Top 100 Nonprofits in Rhode Island →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare SWAP INC (STOP WASTING ABANDONED PROPERTY) with other nonprofits in Rhode Island and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.