Rhode Island · Nonprofit
WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION
WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION (Rhode Island) receives grants from 22 organizations whose IRS filings report $6,467,533 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($3,529,538). 14 of them have funded it in more than one year.
- Revenue FY2024
- $3.5M
- Funders on record
- 22
- Grants received
- $6.5M
- Net assets
- $4.0M
What Woonsocket Neighborhood Development Corporation does
Mission
Woonsocket Neighborhood Development Corporation d/b/a neighborworks blackstone river valley's (wndc) primary purpose is to develop, own, manage, finance and preserve decent, safe and affordable housing for low-income families and individuals in the blackstone river valley.
As stated on its FY2024 Form 990.
Programs
Real estate development: over the course of 2025, development continued on the rehabilitation of 3 historic mills into 70 units of aordable housing and 16,000 square feet of commercial/community space with 14 units completed. Construction commenced on 8 units of self-help housing in burrillville through which families provide sweat equity increasing the aordability of their homes.
$683,734 spent$288,764 earned by the program28% of program spendingHomeownership: the homeownership center supported 135 customers in purchasing a home, assisted 8 individuals in preserving their home from foreclosure, and supported a total of 557 households with financial capability, homebuyer education, and overall coaching.
$397,908 spent$424,122 earned by the program16% of program spendingCommunity building & engagement: the accessing home program deployed 13 americorps volunteers to provide housing stabilization services to 4,311 rhode islanders. The millrace kitchen supported 33 start up food businesses. The levitt amp woonsocket music series enriched the lives of 4,740 attendees through the power of free, live music. Through partnerships, nwbrv provided music and nutrition to 60 youth and revitalized a neighborhood community garden.
$921,304 spent$22,700 earned by the program37% of program spendingAsset management: staff continue to manage the portfolio to minimizevacancies.
$467,135 spent$26,219 earned by the program19% of program spending
The 4 programs described on its FY2025 Form 990, listed largest first by expense. Program spending in total: $2,470,081.
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 $28M to $24M (−14%).
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 48% · 2018 40% · 2019 33% · 2020 34% · 2021 31% · 2022 37% · 2023 54% · 2024 22%. Grants only. Government contracts and fees sit inside program revenue.
34% of WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION’s revenue is contributions — about as donation-reliant as 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.
Chief executive
Joseph Garlick
Executive director
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2023: the base broadened from 7 funders to 9 funders, grant income fell $753k → $684k.
4 of 22 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 19% 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 WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION’s funders (the co-funder graph). 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
WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION leans on a few funders — its largest provides 55% of grant income and the top three 83%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
92% 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 WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION.
Largest funder’s share by year: 2017 61% · 2018 67% · 2019 68% · 2020 61% · 2021 45% · 2022 31% · 2023 50% — 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
60% of WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION's funders are still giving 3 years after their first grant; 64% 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
WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION draws 93% of its grant income from funders outside Rhode Island, across 10 states in all.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $1.2M arriving through sponsors registered in 3 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
WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION runs a healthier operating margin than half of the 3,973 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 3,973 housing & shelter nonprofits $1M–$10M, FY2024
Government funding WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.5M on record.
- Department of Housing and Urban Development$1.1M
- Environmental Protection Agency$200k
- Department of Agriculture$184k
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 WOONSOCKET NEIGHBORHOOD DEVELOPMENT 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
88% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Part of a family of 19 related entities
- Mulvey's Market Square LLC · disregarded
- Artech Hub LLC · disregarded
- Securing the Future LP · partnership
- Reclaiming the Vision LP II · partnership
- A Prospering Community LP · partnership
Screen this organization
A dated, signed PDF of the compliance screen for WOONSOCKET NEIGHBORHOOD DEVELOPMENT 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 WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION?
- WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION (Rhode Island) receives grants from 22 organizations whose IRS filings report $6,467,533 to it, the largest being NEIGHBORHOOD REINVESTMENT CORPORATION ($3,529,538). 14 of them have funded it in more than one year.
- How many funders does WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION have?
- IRS filings report 22 organizations giving $6,467,533 in grants to WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION, 14 of which have funded it in more than one year.
- Who is the largest funder of WOONSOCKET NEIGHBORHOOD DEVELOPMENT CORPORATION?
- NEIGHBORHOOD REINVESTMENT CORPORATION is the largest funder on record, with $3,529,538 in grants. The full list of funders is on this page.
- How can an organization like WOONSOCKET NEIGHBORHOOD DEVELOPMENT 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.
Play a game about who funds Woonsocket Neighborhood Development →
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 22 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 14, 2026. What this page cannot tell you · view filing