Rhode Island · Nonprofit
OLNEYVILLE HOUSING CORPORATION
OLNEYVILLE HOUSING CORPORATION (Rhode Island) receives grants from 37 organizations whose IRS filings report $16,405,700 to it, the largest being THE RHODE ISLAND COMMUNITY FOUNDATION ($7,418,088). 19 of them have funded it in more than one year, and 50% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2024
- $7.1M
- Funders on record
- 37
- Grants received
- $16M
- Net assets
- $12M
What Olneyville Housing Corporation does
Mission
One neighborhood builders (one/nb) is a community development organization with a mission to promote equity, public health and community safety. We accomplish our mission through: strategic real estate development within rhode island to increase the availability of affordable homes, spur economic development, and protect our natural resources; engagement of providence residents and community-based organizations to build trust and collective problem-solving; development of individuals' financial capabilities so that they may realize their personal asset-building goals.
As stated on its FY2024 Form 990.
Programs
Real estate development and asset management: since 1988, onb has developed over 600 affordable residential units and nearly 45,000 square feet of commercial and community space, investing over $142 million in historically disinvested communities across rhode island. The agency presently owns and manages more than 450 resident units, providing high-quality, deed-restricted affordable housing and supportive services for individuals and families with low-incomes, including those who have previously experienced homelessness.
$1,399,929 spentof which $870,314 as grants$1,001,042 earned by the program31% of program spendingCommunity building: onb leads the central providence opportunities health equity zone (cpo-hez) a place-based collective impact initiative working toward greater health and economic equity within the nine neighborhoods that comprise the 02908 and 02909 zip codes of providence. Cpo-hez has identified specific strategies to address community needs including health, housing, education, and economic mobility.
$3,062,408 spent69% of program spending
The 2 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $4,462,337.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2022 to 2023, from $16M to $26M (+61%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 86% · 2018 25% · 2019 59% · 2020 56% · 2021 21% · 2022 9% · 2023 6% · 2024 26%. Grants only. Government contracts and fees sit inside program revenue.
64% of OLNEYVILLE HOUSING CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (39% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Lorraine Lalli
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 3 funders to 16 funders, grant income rose $441k → $5.9M.
6 of 37 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 50% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of OLNEYVILLE HOUSING CORPORATION’s funders (the co-funder graph). Top 30 of 37 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
OLNEYVILLE HOUSING CORPORATION leans on a few funders — its largest provides 45% of grant income and the top three 78%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
93% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund OLNEYVILLE HOUSING CORPORATION.
Largest funder’s share by year: 2017 91% · 2018 69% · 2019 47% · 2020 33% · 2021 68% · 2022 63% · 2023 51% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
56% of OLNEYVILLE HOUSING CORPORATION's funders are still giving 3 years after their first grant; 51% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
50% of OLNEYVILLE HOUSING CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $8.2M that is directly attributable, 95% of it comes from funders outside Rhode Island, across 10 states.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $8.2M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
OLNEYVILLE HOUSING CORPORATION holds deeper cash reserves than three-quarters of the 3,978 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,978 housing & shelter nonprofits $1M–$10M, FY2024
Government funding OLNEYVILLE HOUSING CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $2.0M on record.
- Department of Housing and Urban Development$2.0M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like OLNEYVILLE HOUSING CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Rhode Island
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
63% of spending goes to programs.
Governance
Public support
92%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 34 related entities
- Php Lessee LLC (Php) · disregarded
- Php Manager LLC · disregarded
- 60 King Street LLC · exempt
- Adelaide Avenue LP · partnership
- Amherst Gardens LP · partnership
Screen this organization
A dated, signed PDF of the compliance screen for OLNEYVILLE HOUSING CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds OLNEYVILLE HOUSING CORPORATION?
- OLNEYVILLE HOUSING CORPORATION (Rhode Island) receives grants from 37 organizations whose IRS filings report $16,405,700 to it, the largest being THE RHODE ISLAND COMMUNITY FOUNDATION ($7,418,088). 19 of them have funded it in more than one year, and 50% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does OLNEYVILLE HOUSING CORPORATION have?
- IRS filings report 37 organizations giving $16,405,700 in grants to OLNEYVILLE HOUSING CORPORATION, 19 of which have funded it in more than one year.
- Who is the largest funder of OLNEYVILLE HOUSING CORPORATION?
- THE RHODE ISLAND COMMUNITY FOUNDATION is the largest funder on record, with $7,418,088 in grants. The full list of funders is on this page.
- How can an organization like OLNEYVILLE HOUSING CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Rhode Island. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 37 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing