WOONSOCKET, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION, founded in 1987, is a community nonprofit in the Housing & Shelter sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 13% surplus.
WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION D/B/A NEIGHBORWORKS BLACKSTONE RIVER VALLEY'S (WNDC) PRIMARY PURPOSE IS TO DEVELOP, OWN, MANAGE, FINANCE AND PRESERVE DECENT, SAFE AND AFFORDABLE HOUSING FOR LOW-INCOME FAMILIES AND INDIVIDUALS IN THE BLACKSTONE RIVER VALLEY.
REAL ESTATE DEVELOPMENT: OVER THE COURSE OF 2024, DEVELOPMENT CONTINUED ON THE REHABILITATION OF 3 HISTORIC MILLS IN WOONSOCKET INTO 70 UNITS OF AFFORDABLE HOUSING AND 16,000 SQUARE FEET OF...
REAL ESTATE DEVELOPMENT: OVER THE COURSE OF 2024, DEVELOPMENT CONTINUED ON THE REHABILITATION OF 3 HISTORIC MILLS IN WOONSOCKET INTO 70 UNITS OF AFFORDABLE HOUSING AND 16,000 SQUARE FEET OF COMMERCIAL/COMMUNITY SPACE. CONSTRUCTION COMPLETED ON 13 HOMEOWNERSHIP UNITS IN EAST PROVIDENCE; UNITS INCLUDE 4 LIVE/WORK WITH FIRST FLOOR COMMERCIAL, 1 ACCESSIBLE UNIT WITH ELEVETTE, AND 8 ADDITIONAL TOWNHOUSE STYLE UNITS. CONSTRUCTION COMMENCED ON 8 UNITS OF SELF-HELP HOUSING IN BURRILLVILLE THROUGH WHICH FAMILIES PROVIDE SWEAT EQUITY INCREASING THE AFFORDABILITY OF THEIR HOMES.
HOMEOWNERSHIP: THE HOMEOWNERSHIP CENTER SUPPORTED 134 CUSTOMERS IN PURCHASING A HOME, ASSISTED 2 INDIVIDUALS IN PRESERVING THEIR HOME FROM FORECLOSURE, AND SUPPORTED A TOTAL OF 619 HOUSEHOLDS WITH...
HOMEOWNERSHIP: THE HOMEOWNERSHIP CENTER SUPPORTED 134 CUSTOMERS IN PURCHASING A HOME, ASSISTED 2 INDIVIDUALS IN PRESERVING THEIR HOME FROM FORECLOSURE, AND SUPPORTED A TOTAL OF 619 HOUSEHOLDS WITH FINANCIAL CAPABILITY, HOMEBUYER EDUCATION, AND OVERALL COACHING.
COMMUNITY BUILDING & ENGAGEMENT: THE ACCESSING HOME PROGRAM DEPLOYED 13 AMERICORPS MEMBERS TO PROVIDE HOUSING STABILIZATION SERVICES TO 2,539 RHODE ISLANDERS AND GENERATE $963,000 IN ADDED BENEFITS...
COMMUNITY BUILDING & ENGAGEMENT: THE ACCESSING HOME PROGRAM DEPLOYED 13 AMERICORPS MEMBERS TO PROVIDE HOUSING STABILIZATION SERVICES TO 2,539 RHODE ISLANDERS AND GENERATE $963,000 IN ADDED BENEFITS FOR INDIVIDUALS SERVED. THE MILLRACE KITCHEN SUPPORTED START-UP FOOD BUSINESSES. THE LEVITT AMP WOONSOCKET MUSIC SERIES ENRICHED THE LIVES OF 3,726 ATTENDEES THROUGH THE POWER OF FREE, LIVE MUSIC. THE 6-12TH GRADE LEARNING CENTERS PROVIDED PROGRAMMING TO 29 AREA YOUTH. THE RESIDENT SERVICES PROGRAM SUPPORTED 856 RESIDENTS IN ACCESSING AVAILABLE RESOURCES. NWBRV PROVIDED FREE HOME REPAIRS FOR 17 WOONSOCKET HOMEOWNERS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,481,641 | $2,634,991 | +0.3% |
| Expenses | $3,027,975 | $5,260,655 | -0.4% |
| Net Income | $453,666 | $-2,625,664 | -1.2% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| RICHARD KYTE JR | PRESIDENT | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| NANCY GIAMBUSSO | VICE PRESIDENT | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL M DUMOUCHEL | TREASURER | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| EMMA DANDY | SECRETARY | 1.50 |
Officer
Director
|
$0 | $0 | $0 |
| MICHAEL SKELDON | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| NANCY BENOIT | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| NANCY PARADEE | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| RANDALL SACILOTTO | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| AMBREA ALLEN | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| BARBARA DECHRISTOFARO | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| GEORGE COSTA | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| MADELINE SILVA | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| GABRIELLE PRESCOTT | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| DERRICK D PEEPLES SR | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| PAM WILLIAMS | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| WILLIAM BARR | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| CAROLL CHATTMAN | DIRECTOR | 1.50 |
Director
|
$0 | $0 | $0 |
| JOSEPH GARLICK | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$118,060 | $38,782 | $156,842 |
| BILL LEWIS | DIRECTOR OF REAL ESTATE | 40.00 |
Highest
|
$102,462 | $8,097 | $110,559 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $3,481,641 | $3,027,975 | $26,513,123 | $453,666 |
| 2023 | $2,634,991 | $5,260,655 | $23,595,419 | $-2,625,664 |
| 2022 | $3,749,387 | $3,304,469 | $27,502,471 | $444,918 |
| 2021 | $2,965,788 | $2,781,543 | $24,639,643 | $184,245 |
| 2020 | $3,212,949 | $2,709,688 | $24,150,927 | $503,261 |
| 2019 | $2,538,278 | $2,568,807 | $22,953,712 | $-30,529 |
| 2018 | $3,628,583 | $2,603,833 | $23,133,851 | $1,024,750 |
Compare WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION with other nonprofits in Rhode Island and across the country.