2025-02-12T14:09:46-06:00 2024-03-31 453085083 DAMIANO BURK & NUTTALL PC 6 BLACKSTONE VALLEY PL STE 109 LINCOLN RI 02865 990 2023-04-01 050508939 HANCOCK ESTATES CORPORATION HANC 4013342802 1029 MENDON ROAD CUMBERLAND RI 02894 JEFFREY SWANSON CEO 4013342802 2025-01-27 1 1 JASON NUTTALL P00157872 4013332880 2025-01-27 2023 2025-03-06 01:10:19Z JEFFREY SWANSON 1029 MENDON ROAD CUMBERLAND RI 02864 490611 0 X WWW.VALLEYAFFORDABLE.ORG X 2000 RI TO PROVIDE AFFORDABLE HOUSING TO THE ELDERLY AND DISABLED IN TIVERTON, RI. 5 5 0 0 0 0 221409 242220 230719 247192 83 1199 0 0 452211 490611 0 0 0 0 111189 120634 0 0 0 406596 435366 517785 556000 -65574 -65389 2383659 2280993 4379362 4342085 -1995703 -2061092 PROVIDE LOW INCOME HOUSING TO THE ELDERLY IN TIVERTON,RI UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. REGULATED BY HUD AS TO RENTAL CHARGES AND OPERATING METHODS. OPERATES A 51 UNIT APARTMENT COMPLEX IN TIVERTON, RI KNOWN AS HANCOCK ESTATES. 0 0 477142 247192 PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE TIVERTON, RI AREA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.(51 UNITS) 477142 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 0 0 X JEFFREY SWANSON 4013342802 1029 MENDON ROAD CUMBERLAND RI 02864 X JAMES DILLEY DIRECTOR 0.50 X 0 0 0 WILLIAM ENOS DIRECTOR 0.50 X 0 0 0 EDWARD MULHOLLAND DIRECTOR 0.50 X 0 0 0 EUGENE MCMAHON CHAIRMAN 0.50 X 0 0 0 JOSEPH LAMAGNA VICE CHAIRMAN 0.50 X 0 0 0 0 0 0 0 0 0 0 0 242220 242220 TENANT RENT 531110 242048 242048 LAUNDRY REVENUE 531110 4684 4684 TENANT CHARGES 531110 460 460 247192 1199 1199 490611 247192 0 1199 98679 98679 21955 21955 53361 53361 11821 11821 8782 8782 214786 214786 100986 100986 31052 31052 ADMINISTRATIVE RENT FRE 9684 9684 OTHER TAXES 2608 2608 MISC 2286 2286 556000 477142 78858 0 949 1371 18476 18394 245 395 2833 4396210 2296006 2190774 2100204 170382 160629 2383659 2280993 121920 84331 4239560 4239560 17882 18194 4379362 4342085 X -1995703 -2061092 -1995703 -2061092 2383659 2280993 -65389 0 X X 0 1 X 1 1 1 X 163321 159924 164974 221409 242220 951848 222559 222983 219885 230719 247192 1143338 385880 382907 384859 452128 489412 2095186 0 0 0 2095186 169 169 103 83 1199 1723 169 169 103 83 1199 1723 386049 383076 384962 452211 490611 2096909 0.99920 0.99970 0.00080 0.00030 X 331500 331500 4014711 2263497 1751214 2965 2526 439 47034 29983 17051 2100204 REPLACEMENT RESERVE 159250 RESIDUAL RECEIPTS 1379 160629 TENANT SECURITY DEPOSIT LIAB 18194 18194 X 490611 0 490611 0 490611 556000 0 556000 0 556000 PART X, LINE 2: INCOME TAX BENEFITS ARE RECOGNIZED FOR INCOME TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, ONLY WHEN IT IS DETERMINED THAT THE INCOME TAX POSITION WILL MORE-LIKELY-THAN-NOT E SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE CORPORATION HAS ANALYZED TAX POSITIONS TAKEN FOR FILING WITH THE INTERNAL REVENUE SERVICE AND ALL STATE JURISDICTIONS WHERE IT OPERATES. MANAGEMENT BELIEVES THAT INCOME TAX FILING POSITIONS WILL BE SUSTAINED UPON EXAMINATION AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WOULD RESULT IN A MATERIAL ADVERSE EFFECT TO THE CORPORATION'S FINANCIAL CONDITION, RESULTS OF OPERATIONS OR CASH FLOWS. ACCORDINGLY, THE CORPORATION HAS NOT RECORDED ANY RESERVES OR RELATED ACCRUALS FOR INTEREST AND PENALTIES FOR UNCERTAIN INCOME TAX POSITIONS AT MARCH 31, 2024. TAX YEARS PRIOR TO 2020 HAVE BEEN CLOSED FOR EXAMINATION BY TAXING AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS AVAILABLE FOR REVIEW BY THE GOVERNING BOARD UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C THE GOVERNING BODY ADHERES TO THE CONFLICT OF INTEREST POLICY THAT IS IN PLACE. THIS POLICY IS REVIEWED PERIODICALLY. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THERE HAS BEEN NO CHANGE TO THE OVERSIGHT OR SELECTION PROCESS DURING THE YEAR VALLEY AFFORDABLE HOUSING CORP DBA PINNACLE PROPERTY MANAGEMENT LLC 895 MENDON ROAD CUMBERLAND RI 02864 273719235 MANAGEMENT OF LOW INCOME HOUSING RI 501C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 VALLEY AFFORDABLE DBA PINNACLE PROPERTY MANAGEMEBNT LLC M 53361 COST VALLEY AFFORDABLE DBA PINNACLE PROPERTY MANAGEMEBNT LLC O 98679 COST VALLEY AFFORDABLE DBA PINNACLE PROPERTY MANAGEMEBNT LLC P 21955 COST