PAWTUCKET, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BLACKSTONE VALLEY DEVELOPMENT CORPORATIO, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $5K in total revenue in fiscal year 2019. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $288K exceeded revenue, resulting in a 5193% operating deficit.
THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE AS FOLLOWS: A) TO WORK COOPERATIVELY WITH THE ARC OF BLACKSTONE VALLEY (ABV), A RHODE ISLAND CHARITABLE CORPORATION WHICH IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, WITHOUT LIMITATION, TO ACQUIRE, DEVELOP, OWN, AND OPERATE REAL PROPERTY IN CONNECTION WITH PROJECTS SPONSORED BY ABV OR ITS AFFILIATED ENTITIES, B) TO DEVELOP, INITIATE, AND OPERATE COMMUNITY PROJECTS WHICH COMBAT COMMUNITY DETERIORATION, PROVIDE RELIEF FOR UNDERPRIVILEGED MEMBERS OF THE COMMUNITY AND WHICH ARE CONSISTENT WITH COMMUNITY NEEDS AND DESIRES IN RHODE ISLAND AND ADJACENT STATES (TARGET AREA), AND C) TO ASSIST RESIDENTS AND OTHER ORGANIZATIONS WORKING IN THE TARGET AREA.
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)| 2019 | 2018 | Change | |
|---|---|---|---|
| Revenue | $5,444 | $1,022,976 | -1.0% |
| Expenses | $288,147 | $297,127 | 0.0% |
| Net Income | $-282,703 | $725,849 | -1.4% |
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 |
|---|---|---|---|---|---|---|
| KATHLEEN O'NEILL | SECRETARY | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM SZAFAROWICZ | PRESIDENT | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS HODGE | DIRECTOR | 0.25 |
Director
|
$0 | $0 | $0 |
| JOSEPH F MCENNESS | TREASURER | 0.25 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN J PADIEN III | CHIEF EXECUTIVE OFFICER | 0.50 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $5,444 | $288,147 | $5,052,287 | $-282,703 |
| 2018 | $1,022,976 | $297,127 | $5,342,196 | $725,849 |
Compare BLACKSTONE VALLEY DEVELOPMENT CORPORATIO with other nonprofits in Rhode Island and across the country.