OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC
EIN 05-0389516 · Homeowners & Tenants Associations (L50)
What they do
to EFFICIENTLY PROVIDE UNIQUE CAPITAL and SERVICES to SMALL BUSINESSES LOCATED IN RI, MA and CT; HELPING THEM ACQUIRE EQUIPMENT and COMMERCIAL REAL ESTATE to GROW EHTIER BUSINESSES.
Should I give to this charity?
Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.
Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.
Basic facts we verified
IRS warning checkNo IRS revocation warning appears in this data.
Money report from 2024The charity has a recent tax report to read.
They explain their jobThe charity tells us what it is trying to do.
They name their leaders12 people are listed in the latest report.
You can reach themThey list contact information, so you can ask questions.
Money made simple
Ask these three easy questions
- Who did you help? Ask for a recent story or report that shows real results.
- What will my money do? Ask exactly what your gift will pay for.
- Is this really the charity? Give only through its official website or confirmed phone number.
Worth asking: Expenses exceeded revenue by $4,199 this year. Ask whether that was planned or caused by a one-time event.
Pay context: The highest compensation shown in this filing is $449,725 for RUSSELL A GASTON (PRESIDENT). Compare pay with organizations of similar size and complexity.
Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.
Financial picture
A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.
Where each $100 went
These are the charity’s reported Form 990 spending categories.
Has the pattern changed?
Each bar shows the share of annual spending reported for mission work, management, and fundraising.
Money in and money out
Reported spending amounts
Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.
See all reported dollar amounts
Leadership and board
Names, titles, time, and compensation below are reported by the organization on its Form 990.
People reported as paid
Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.
See everyone listed on the board or leadership roster (12)
RUSSELL A GASTONPRESIDENT
JAMES TIERNEYVP COMMERCIA
ERIC LICHATINDIRECTOR
MICHAEL LEVINSONDIRECTOR
SHARYN HARRINGTONDIRECTOR
CRISTINA FEDENDIRECTOR
KEVIN CASEYDIRECTOR
ROBERT E NICKERSONDIRECTOR
SEAN MCINTYREDIRECTOR
HASAN ALIDIRECTOR
RUSSELL W HAHNCHAIRMAN
JOHN PIMENTALDIRECTOR
About this charity
- Recognized since
- January 1983
- Location
- 300 JEFFERSON BOULEVARD SUITE 105, WARWICK, RI 02818
- County
- Kent
- In care of
- RUSSELL A GASTON
- Primary officer
- RUSSELL A GASTON, PRESIDENT
How to reach them
Filing and classification
- Latest tax year
- 2024
- Tax period began
- October 1, 2024
- Return type
- 990
- Tax preparer
- WADOVICK & COMPANY
- NTEE classification
- Homeowners & Tenants Associations (L50)
- IRS tax category
- Homeowners & Tenants Associations