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The Woonsocket Neighborhood Development Corporation

EIN 22-2907602 · Woonsocket, RI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood82 out of 100GovernanceStrong95 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$3.7 million
Spending
$2.8 million
Spent on programs
89%
Reserves
14 months of spending
Largest source of income
government grants, 52%
Employees
43
Volunteers
94
Highest pay
$161,134, executive director

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 82 out of 100. Higher than 69% of charities in its peer group (housing, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 14.0 months of spending.

  • Debt

    2 of 20

    It owes 82% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 25% of income.

  • Income trend

    15 of 15

    Income rose 6% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 95 out of 100. Higher than 62% of charities in its peer group (housing, $1m to $10m).

  • Independent board

    25 of 25

    13 of 13 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $683,734 spent. 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.
  2. $397,908 spent. HOMEOWNERSHIP: 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.
  3. $921,304 spent. COMMUNITY 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.
  4. $467,135 spent. ASSET MANAGEMENT: STAFF CONTINUE TO MANAGE THE PORTFOLIO TO MINIMIZEVACANCIES.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 1993.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.