PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION

EIN: 056015875 501(c)(3)

PROVIDENCE, RI

Total Revenue
$5,819,180
Total Expenses
$4,917,388
Total Assets
$19,430,078
Net Assets
$1,903,410
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
RI
Principal Officer
WAYNE J MONTAGUE SR
Phone
4012746637
Tax Period
2023-01-01 to 2023-12-31

PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION, founded in 1983, is a community nonprofit that reported $5.8M in total revenue in fiscal year 2023. The organization ran a surplus of $902K, a strong 15% operating margin.

Mission

THE PURPOSE OF THE PROVIDENCE BUILDING SANITARY AND EDUCATIONAL ASSOCIATION IS TO PROVIDE DECENT, SANITARY, AFFORDABLE HOUSING FOR THE LABORING CLASS RESIDENTS OF PROVIDENCE, RI AND TO PROVIDE FOR BETTER EDUCATIONAL OPPORTUNITIES FOR THEIR CHILDREN. IT SHALL PROMOTE ALL ACTIVITIES AND OPPORTUNITIES OF THE ASSOCIATION WITHOUT REGARD TO RACE, RELIGION, COLOR, ORIGIN, SEX, AGE, ETHNICITY, SEXUAL PREFERENCE, HANDICAPPED OR DISABLED EXCEPT AS A BONAFIDE AND LEGIMIATE CONSIDERATION AS IN THE CASE OF ELDERLY/HANDICAPPED HOUSING.

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Trantor Score

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

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $20,000
Program Service Revenue $5,638,347
Investment Income $154,757
Other Revenue $6,076
TOTAL REVENUE $5,819,180

Expense Breakdown

Grants Paid $0
Salaries & Benefits $664,460
Fundraising Expenses $0
Program Expenses $4,293,934
Other Expenses $4,252,928
TOTAL EXPENSES $4,917,388

Year-over-Year Comparison

2023 2022 Change
Revenue $5,819,180 $5,487,740 +0.1%
Expenses $4,917,388 $4,816,376 +0.0%
Net Income $901,792 $671,364 +0.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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

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Governance

Voting Members
24
Independent Members
24
Employees
N/A
Volunteers
24

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
3
$0
Total Directors
24
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EULALIA BLANCO TRUSTEE 0.50
Director
$0 $0 $0
CAROL ANNE COSTA TRUSTEE 0.50
Director
$0 $0 $0
BRANDFORD DAVIS TRUSTEE 0.50
Director
$0 $0 $0
CHRISTOPHER DICOMITIS TRUSTEE 0.50
Director
$0 $0 $0
DARLENE GOMES TRUSTEE 0.50
Director
$0 $0 $0
ATENEA HERNANDEZ TRUSTEE 0.50
Director
$0 $0 $0
EUGENIO HERNANDEZ TRUSTEE 0.50
Director
$0 $0 $0
MARCILLIA F HUGLEY TRUSTEE 0.50
Director
$0 $0 $0
CATHERINE R LOVE TRUSTEE 0.50
Director
$0 $0 $0
RAUL MARTINEZ TRUSTEE 0.50
Director
$0 $0 $0
THOMAS A MEZZANOTTE TRUSTEE 0.50
Director
$0 $0 $0
RUBEN OGANDO TRUSTEE 0.50
Director
$0 $0 $0
STEVEN PITASSI TRUSTEE 0.50
Director
$0 $0 $0
ANTHONY SAURO TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL SOLOMON TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL STEVENS TRUSTEE 0.50
Director
$0 $0 $0
BARBARA THURMAN TRUSTEE 0.50
Director
$0 $0 $0
RAFAEL VALENTIN TRUSTEE 0.50
Director
$0 $0 $0
MARKEATA WIGGINS TRUSTEE 0.50
Director
$0 $0 $0
BALBINA A YOUNG TRUSTEE 0.50
Director
$0 $0 $0
LAWRENCE E YOUNG TRUSTEE 0.50
Director
$0 $0 $0
WAYNE J MONTAGUE SR PRESIDENT 0.50
Officer Director
$0 $0 $0
JIMPS G JEAN-LOUIS TREASURER 0.50
Officer Director
$0 $0 $0
PHYLLIS H EVANS SECRETARY 0.50
Officer Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $5,819,180 $4,917,388 $19,430,078 $901,792
2022 $5,487,740 $4,816,376 $18,774,796 $671,364
2021 $5,416,407 $4,616,218 $18,624,699 $800,189
2020 $4,966,177 $4,254,332 $18,092,390 $711,845
2019 $4,354,269 $4,458,092 $17,458,564 $-103,823
2018 $4,243,218 $4,393,410 $17,773,721 $-150,192
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