PROVIDENCE REVOLVING FUND INC

PROVIDENCE, RI | Providence County
Revitalization/Stabilization

Overview

PROVIDENCE REVOLVING FUND INC
05-0386411
372 W FOUNTAIN ST
PROVIDENCE, RI 02903
Providence County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Revitalization/Stabilization
Nonprofit location info
  • This nonprofit is not located in any CRA geographies.
Awards & Certifications info
  • CDFI Organization
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
A80

A - Arts, Culture and Humanities

Historical Organizations

Organizations that promote awareness of and appreciation for history and historical artifacts. Use this code for organizations that are not specified below.

IRS Activity Codes info
352
Land acquisition for preservation
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
712120
Historical Sites

CRA Alignment

CRA Category info
Revitalization/Stabilization
Community and economic development in distressed, underserved or disadvantaged areas.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
10/25/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
HUD Counseling Agency info
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$794.1K
Revenue
$794.1K
Assets
$5.7M
Exempt Ruling Date info
1972-04
Deductibility Status info
Deductible
Last Tax Filing info
2019
Organization Type info
Association
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
States Where Tax Return is Filed info
RI
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

Nonprofit Location

Physical Address info
372 W FOUNTAIN ST
PROVIDENCE, RI 02903
Providence County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
39300
MSA/MD info
44
State info
007
County info
0011.00
Tract info
Middle
Income Level info
Core-Based Statistical Area info
39300 - Providence-Warwick, RI-MA
Combined Statistical Area info
148 - Boston-Worcester-Providence, MA-RI-NH-CT
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 35.78%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0011.00 Providence County
Population
Total Population 2,602 636,161
Total Households 1,099 240,886
Income
Median Family Income (Census*) $81,346 $62,323
Median Family Income (2022 FFIEC est.) $99,600 N/A
Tract Income Percentage 90.83% N/A
Below Poverty Level 19.2% 14.0%
Unemployment Level 8.0% 5.9%
Housing
Total Housing Units 1,429 266,624
Total Owner-Occupied Units 16.7% 55.1%
Total Renter-Occupied Units 60.3% 44.9%
Total Vacant Units 23.1% 6.6%
* Census tract income based on 2020 Census estimated data; County income based on 2020 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

14
Total Voting Members
in Governing Body
info
14
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Carrie Zaslow
Executive Director
(401) 272-2760
Principal Officer info
Carrie Zaslow
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Wistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
IRS Reported Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

"NA" in this section indicates that the information was not available in the nonprofit's most recent IRS tax filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit www.learncra.com.