Nonprofit · EIN 05-0508939
HANCOCK ESTATES CORP
Tax-exempt · CUMBERLAND, RI 02864
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $531,671 | $652,168 | -$120,497 | $2,236,473 | $4,414,447 | -$2,177,974 |
| March 31, 2024 | 990 | $490,611 | $556,000 | -$65,389 | $2,280,993 | $4,342,085 | -$2,061,092 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $279,694
- of which government grants
- $279,694
- Program service revenue
- $249,152
- Investment income
- $2,825
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $81,158
- Salaries, compensation and benefits (total)
- $99,077
- Professional fundraising fees
- $0
- Accounting fees
- $13,191
- Occupancy
- $260,984
- Depreciation
- $100,420
- Program services (functional)
- $562,425
- Management and general (functional)
- $89,743
Balance sheet and other
- Total assets, start of year
- $2,280,993
- Total assets, end of year
- $2,236,473
- Total liabilities, end of year
- $4,414,447
- Net assets, end of year
- -$2,177,974
- Land, buildings and equipment
- $2,000,794
- Net assets without donor restrictions
- -$2,177,974
- Gross receipts
- $531,671
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2000
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES DILLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM ENOS | DIRECTOR Trustee or director | 0.5 | $0 |
| EDWARD MULHOLLAND | DIRECTOR Trustee or director | 0.5 | $0 |
| EUGENE MCMAHON | CHAIRMAN Officer | 0.5 | $0 |
| JOSEPH LAMAGNA | VICE CHAIRMAN Officer | 0.5 | $0 |
990 for the year ended March 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES DILLEY | DIRECTOR Trustee or director | 0.5 | $0 |
| WILLIAM ENOS | DIRECTOR Trustee or director | 0.5 | $0 |
| EDWARD MULHOLLAND | DIRECTOR Trustee or director | 0.5 | $0 |
| EUGENE MCMAHON | CHAIRMAN Officer | 0.5 | $0 |
| JOSEPH LAMAGNA | VICE CHAIRMAN Officer | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1029 MENDON RD, CUMBERLAND, RI 02864-5338
- In care of
- % ALBERT B WEST
- Principal officer (990 for 2024)
- ED MULHOLLAND, 1029 MENDON ROAD, CUMBERLAND, RI 02864
- Signed the 990
- ED MULHOLLAND, PRESIDENT
- Phone
- (401) 334-2802
- Website
- WWW.VALLEYAFFORDABLE.ORG
- Return prepared by
- DAMIANO BURK & NUTTALL PC
Mission
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.
Program accomplishments
- PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE TIVERTON, RI AREA UNDER SECTION 202 OF THE NATIONAL HOUSING ACT.(51 UNITS)Expenses $562,425 · revenue $249,152
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 05-0508939
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $2,236,473
- Income (IRS master file)
- $531,671
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $531,671 | $652,168 | $2,236,473 | XML |
| 990 | March 2024 | $490,611 | $556,000 | $2,280,993 | XML |
| 990 | March 2023 | $452,211 | $517,785 | $2,383,659 | IRS |
| 990 | March 2022 | $384,962 | $488,660 | $2,470,674 | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 05-0508939).
Questions about HANCOCK ESTATES CORP
- What is the EIN of HANCOCK ESTATES CORP?
- The employer identification number (EIN) of HANCOCK ESTATES CORP is 05-0508939.
- Is HANCOCK ESTATES CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to HANCOCK ESTATES CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HANCOCK ESTATES CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HANCOCK ESTATES CORP due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HANCOCK ESTATES CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of HANCOCK ESTATES CORP?
- The 990 for the year ended March 31, 2025 names ED MULHOLLAND.
- Who are the officers and directors of HANCOCK ESTATES CORP?
- The 990 for the year ended March 31, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does HANCOCK ESTATES CORP have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $531,671, expenses of $652,168 and total assets of $2,236,473 at year end.
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