Blackstone Valley Development Corp
Blackstone Valley Development Corp is a private foundation focused on Housing & Shelter, based in Pawtucket, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $10.5M in total assets. In 2024, it made $338K in qualifying distributions. Net investment income was $89K.
Blackstone Valley Development Corp at a glance
- Total assets
- $10,501,684
- -0.4% vs 2023
- Revenue (2024)
- $583,095
- +137.9% vs 2023
- Qualifying distributions (2024)
- $337,851
- -41.4% vs 2023
- Expenses (2024)
- $632,464
- +27.5% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
Ready to take the next step with Blackstone Valley Development Corp?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2024 | $10,501,684 | $583,095 | $632,464 | $337,851 | $88,979 | $78,141 |
| 2023 | $10,540,406 | $245,055 | $496,181 | $576,489 | — | $128,407 |
| 2022 | $8,262,783 | $300,940 | $234,675 | $7,074 | $115,738 | $175,561 |
| 2021 | $8,579,531 | $169,369 | $317,431 | $31,529 | — | $25,897 |
| 2020 | $5,179,982 | $141,437 | $379,520 | — | — | $8,489 |
Under IRS private-foundation payout rules, Blackstone Valley Development Corp reported a distributable amount of $78K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Blackstone Valley Development Corp is led by John J. Padien III, Executive Director on every filing since 2020; none of the 6 officers listed in 2024 report compensation.
Officers on the 2024 filing
John J. Padien III
Executive Director
On filings since 2020
0.3 hrs/week
$50K (2023) → $0 (2024)
William J. Szafarowicz
President
President → President & Director, 2021
President & Director → President, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Joseph F. McEnness
Treasurer & Director
Treasurer → Treasurer & Director, 2021
On filings since 2020
0.3 hrs/week
No compensation reported
Thomas Hodge
Director
On filings since 2020
0.3 hrs/week
No compensation reported
Paul Benoit
Director
On filings since 2021
0.3 hrs/week
No compensation reported
Kathleen Oneill
Secretary
Secretary → Secretary & Director, 2021
Secretary & Director → Secretary, 2023
On filings since 2020
0.3 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $50K, to John J Padien III (Executive Director).
Frequently asked questions about Blackstone Valley Development Corp
How large is Blackstone Valley Development Corp?
Blackstone Valley Development Corp reported $10.5M in total assets on its 2024 IRS Form 990-PF. It paid out $338K in qualifying distributions that year, against a required minimum of $78K (roughly 5% of its investment assets).
What is Blackstone Valley Development Corp?
Blackstone Valley Development Corp is a private foundation focused on Housing & Shelter, based in Pawtucket, RI. It holds $10.5M in total assets as of 2024.
What is Blackstone Valley Development Corp's EIN?
Blackstone Valley Development Corp's EIN (Employer Identification Number) is 26-2699081. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
Explore Open Grants
Browse active grant opportunities in Blackstone Valley Development Corp's focus areas in our free grants database
Similar Funders
Similar funders in Rhode Island
The Rhode Island Community Foundation
Providence, RI
The Rhode Island Community Foundation funds nonprofits and community efforts in areas including education, arts and culture, housing, health, climate action, and economic mobility. Its 2024 grants had a median of about $23,940, with giving concentrated in Rhode Island; the profile does not state whether it accepts unsolicited requests.
Assets
$1.3B
Grants
977
Total Given
$72.0M
CVS Foundation
Woonsocket, RI
CVS Foundation funds health care access and outcomes, preventive and community health, health-related needs such as food and housing, education and workforce development, and disaster response across the United States. In 2024, it made 778 grants totaling about $21.4 million; awards ranged from $250 to $2.46 million, with a median of $1,500. It does not accept unsolicited requests; support is by invitation or RFP only, and no RFPs are currently open.
Assets
$194.3M
Grants
778
Total Given
$21.4M
United Way of Rhode Island Inc
Providence, RI
United Way of Rhode Island funds Rhode Island nonprofits working on economic security, children’s learning, housing, food access, safety, and related community needs. In 2025, grants ranged from $5,008 to $547,033, with a median of $15,000; its emergency grants offer up to $50,000, with average awards of $25,000–$30,000. It accepts applications for emergency grants on a rolling basis.
Assets
$30.1M
Grants
282
Total Given
$8.0M
Ralph R Papitto & Barbara a Papitto
Providence, RI
Papitto Opportunity Connection funds Rhode Island 501(c)(3) organizations working in education, job skills training, housing, healthcare, and entrepreneurship, with a focus on communities most in need. It gives about $6 million annually; small grants are generally $5,000–$20,000, though awards vary widely. It accepts unsolicited applications during set periods, but its application page says proposals are not currently being accepted.
Assets
$6.8M
Grants
270
Total Given
$24.3M
Brown University
Providence, RI
Brown University’s reported grants support education, student aid, and research, with listed awards primarily identified as subcontracts. In 2025, grants ranged from $5,325 to $3.36 million, with a median of about $98,700; recipients were concentrated in Rhode Island, Massachusetts, California, New York, and Washington, DC. The profile does not state that Brown accepts unsolicited requests; its website describes proposal support for Brown researchers.
Assets
$11.3B
Grants
235
Total Given
$47.0M
The Beacon Foundation
Warwick, RI
The Beacon Foundation funds U.S. nonprofits and municipalities working in health, wellness, education, disability services, and other charitable or civic areas, with priority for Rhode Island and nearby communities. Its 2025 grants ranged from $20 to $20,100, with a median of $1,000. It accepts unsolicited requests.
Assets
$4.5M
Grants
151
Total Given
$205K
More similar funders
More Funders in Rhode Island
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Blackstone Valley Development Corp's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Blackstone Valley Development Corp down — hundreds of funders to go?