PAWTUCKET CENTRAL FALLS DEVELOPMENT CORP
204 BROAD ST, PAWTUCKET, RI 02860 www.pcfdevelopment.org

Total Revenue
$592,451
Total Expenses
$966,032
Net Assets
$2,212,330

Organizations Filed Purposes: IMPROVE THE LIVES OF AREA RESIDENTS THROUGH THE DEVELOPMENT OF HIGH QUALITY AFFORDABLE HOUSING AND NEIGHBORHOOD REVITALIZATION.

PROVIDE AFFORDABLE HOUSING

PAWTUCKET CITIZENS DEVELOPMENT CORPORATION (PCDC) WAS FORMED IN 1990 AND REALTY ENDEAVORS FOR AFFORDABLE COMMUNITY HOUSING, INCORPORATED (REACH) WAS FORMED IN DECEMBER 1988. BOTH ARE NONPROFIT, NONSTOCK RHODE ISLAND CORPORATIONS. PCDC AND REACH WERE FORMED TO EXPAND THE HOUSING OPPORTUNITIES FOR LOW AND MODERATE-INCOME FAMILIES WITHIN THE CITIES OF PAWTUCKET AND CENTRAL FALLS, RHODE ISLAND. ON JULY 1, 2014 THE TWO ORGANIZATIONS WERE MERGED WITH THE SURVIVING CORPORATION RENAMED PAWTUCKET CENTRAL FALLS DEVELOPMENT CORPORATION (THE ORGANIZATION). PCDC HOMES, LLC (PCDC HOMES) BEGAN OPERATING ON JULY 1, 2011. PCDC HOMES PURPOSE IS TO PURCHASE AND REHABILITATE DETERIORATED BUILDINGS AND TO CONSTRUCT NEW BUILDINGS IN ORDER TO PROVIDE AFFORDABLE HOUSING FOR LOW AND MODERATE-INCOME FAMILIES. ON JULY 1, 2015, RRIC, LPLLC (RRIC) WAS FORMED TO CONSOLIDATE THE RENTAL OPERATIONS OF SEVERAL PROPERTIES. THIS INCLUDED THE PROPERTIES FORMERLY OWNED AS CENTENNIAL HOUSES AND IZANNAH WALKER L.P. IN ADDITION, OTHER PROPERTIES OWNED BY THE ORGANIZATION WERE CONTRIBUTED TO RRIC. THE ORGANIZATION PROVIDES AFFORDABLE HOUSING THROUGH FEDERAL GRANTS UNDER THE FOLLOWING HOME INVESTMENT PARTICIPATION PROGRAMS: RENTAL REHABILITATIONS: THE ORGANIZATION ACQUIRES AND REHABILITATES MULTIFAMILY HOUSES WHICH ARE SUBSEQUENTLY MADE AVAILABLE FOR RENT TO QUALIFIED FAMILIES. THESE UNITS ARE RENTED ON A ONE-YEAR LEASE BASIS AND ARE MANAGED BY A PROPERTY MANAGEMENT COMPANY. HOME OWNERSHIP PROGRAM: A COMPREHENSIVE PROGRAM THAT INCLUDES (I) THE DELIVERY OF BILINGUAL PRE-PURCHASE AND POST-PURCHASE HOMEBUYER EDUCATION PROGRAMS AND (II) ACQUISITION AND REHABILITATION OF HOMES FOR RESALE TO INCOME QUALIFIED FAMILIES, GENERALLY BELOW COST, WITH THE USE OF FEDERAL GRANTS.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Laurilim RosadoMEMBER1$0
Toni Marie GomesMEMBER1$0
Paul GonsalvesMEMBER1$0
James RuthowskiMEMBER1$0
Robert PoirierSECRETARY3$0
Maurice BrousseauMEMBER1$0
John ChopoorianVICE PRESIDENT3$0
Jeffrey DavisMEMBER1$0
Antonio MoreiraMEMBER1$0
Wilma SmithMEMBER1$0
Kevin KazarianMEMBER1$0
George CharettePRESIDENT3$0
Kim Smith BarnettTREASURER3$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202021349349300927_public.xml