Providence Revolving Fund
Providence Revolving Fund (PRF) is a Providence, Rhode Island–based public charity formed in 1980. It works to preserve historic buildings and sites while supporting community revitalization through lending, development, and preservation services.
Providence Revolving Fund at a glance
- Total assets
- $22,149,359
- +32.4% vs 2024
- Revenue (2025)
- $4,835,553
- +52.1% vs 2024
- Net investment income (2025)
- $55,660
- +25.5% vs 2024
- Expenses (2025)
- $1,695,699
- +49.6% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
How to apply to Providence Revolving Fund
- Contact
Mailing address: 372 West Fountain Street, Providence, RI 02903
Phone: (401) 272-2760
Website: https://revolvingfund.org
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Providence Revolving Fund funds
How this funder distributes its grants
Grant Size Distribution
10 grants across all recorded years
The most common grant size was under $50K: 10 grants of 10 (100%).
Geographic Focus
Where this funder awards grants
PRF is based in Providence and states that its mission includes preserving Providence’s architectural heritage. Its website describes neighborhood work across Rhode Island and says commercial-lending assistance is not limited to Providence. The 2024 filing describes micro-business lending for businesses on or near commercial corridors in Providence.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2021 it made 10 grants totaling $105K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Giusto LLC | Grant to provide outdoor dining opportunities for restaurants during pandemic | $26,151 |
| Providence Flea LLC | Grant to provide outdoor dining opportunities for restaurants during pandemic | $20,081 |
| WF | Grant to provide outdoor dining opportunities for restaurants during pandemic | $15,111 |
| Laughing Gorilla | Grant to provide outdoor dining opportunities for restaurants during pandemic | $12,737 |
| Boundary Kitchen & Bar | Grant to provide outdoor dining opportunities for restaurants during pandemic | $6,007 |
| Garden of Eve | Grant to provide outdoor dining opportunities for restaurants during pandemic | $5,183 |
| Ocean State Concessions | Grant to provide outdoor dining opportunities for restaurants during pandemic | $5,000 |
| Revival Foodworks and Brewery | Grant to provide outdoor dining opportunities for restaurants during pandemic | $5,000 |
| Smoke and Squeal BBQ | Grant to provide outdoor dining opportunities for restaurants during pandemic | $5,000 |
| Trinity Beerworks Inc | Grant to provide outdoor dining opportunities for restaurants during pandemic | $5,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $22,149,359 | $4,835,553 | $1,695,699 | — | — | $55,660 |
| 2024 | $16,723,902 | $3,179,393 | $1,133,486 | — | — | $44,341 |
| 2023 | $11,687,520 | $938,619 | $1,061,388 | — | — | $8,698 |
| 2022 | $8,630,612 | $2,371,893 | $683,887 | — | — | $6,756 |
| 2021 | $6,552,989 | $729,218 | $725,015 | $105,270 | 10 | $14,423 |
Research compiled by Grantable AI from public sources. Last updated September 2026.
Mission & Focus Areas
PRF’s stated mission is to preserve Providence’s architectural heritage and stimulate community revitalization through advocacy, lending, and development in historic areas.
Its programs include loans for exterior repairs to homes more than 50 years old; financing for development projects, including pre-development, construction, bridge, and mezzanine loans; and micro-business loans. The organization’s 2024 filing describes an Opportunity Investment Fund for affordable homeownership and rental housing projects undertaken by individual owners, nonprofit community development corporations, and for-profit developers. The filing says qualified projects may include multifamily housing, infill housing, redevelopment, and other community-development projects. Its website says priority is given to deed-restricted mixed-income projects with a preservation component.
The 2024 filing also describes a micro-business loan program for businesses with 10 or fewer full-time employees and earnings of $250,000 or less. It says 30% of the fund is set aside for women- and minority-owned businesses, and borrowers must take part in a one-on-one business-coaching session. These are loans to participating businesses, not grants.
Grantmaking
The IRS filing data reports zero grants for each of the three listed years: 2023, 2024, and 2025. The available information does not provide annual grant totals, grant sizes, or named grant recipients. PRF’s described funding programs are primarily loans and related services, rather than grants to outside applicants.
The 2024 filing reports 12 new neighborhood home-repair loans totaling $562,573, 18 micro-business loans totaling $165,000, and that 85% of the micro-business loans went to minority- and women-owned businesses. These are program loans, not grants. The website says the application period for its Statewide Home Repair Program is closed; it does not provide a current deadline.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2025 filing lists Mary Vales as president, Doreen Conlon as vice president, and Bret Jedele as secretary. It lists Doris De Los Santos, Rosa Pastor, Dwayne Keys, Kyle MacDonald, Miguel Quezada, Kyle Bennett, and Tina Regan as board members.
PRF’s website identifies Carrie Zaslow as executive director and says she joined the organization in 2018.
Providence Revolving Fund is led by Mary Vales, President on every filing since 2021; none of the 13 officers listed in 2025 report compensation.
Officers on the 2025 filing
Mary Vales
President
On filings since 2021
1 hr/week
No compensation reported
Bret Jedele
Secretary
On filings since 2021
1 hr/week
No compensation reported
Doreen Conlon
Vice President
Board Member → Vice President, 2023
On filings since 2021
1 hr/week
No compensation reported
Dwayne Keys
Board Member
On filings since 2021
1 hr/week
No compensation reported
Kyle Macdonald
Board Member
On filings since 2021
1 hr/week
No compensation reported
Miguel Quezada
Board Member
Treasurer → Board Member, 2023
On filings since 2021
1 hr/week
No compensation reported
Tina Regan
Board Member
On filings since 2021
1 hr/week
No compensation reported
Doris De Los Santos
Board Member
On filings since 2023
1 hr/week
No compensation reported
Jack Ryan
Board Member
On filings since 2023
1 hr/week
No compensation reported
Kyle Bennett
Board Member
On filings since 2023
1 hr/week
No compensation reported
Marisa Angell Brown
Board Member
On filings since 2023
1 hr/week
No compensation reported
Rochelle Lee
Board Member
On filings since 2023
1 hr/week
No compensation reported
Rosa Pastor
Board Member
On filings since 2023
1 hr/week
No compensation reported
Former officers (7)
- Former: Carmen Jusino (2021–2024) — Treasurer
- Former: Antonieta Falconi (2021–2022) — Board Member
- Former: Barbara Sokoloff (2021–2022) — Board Member
- Former: Brent Runyon (2021–2022) — Board Member
- Former: James Barnes (2021–2022) — Vice President
- Former: Michael Behan (2021–2022) — Board Member
- Former: Rita Danielle Steele (2021–2022) — Board Member
Data from IRS Form 990 filings, 2021–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Providence Revolving Fund
How large is Providence Revolving Fund?
Providence Revolving Fund reported $22.1M in total assets on its 2025 IRS Form 990. Its revenue that year was $4.8M.
What does Providence Revolving Fund fund?
PRF’s stated mission is to preserve Providence’s architectural heritage and stimulate community revitalization through advocacy, lending, and development in historic areas. See mission & focus areas ↑
How do I apply for a grant from Providence Revolving Fund?
Providence Revolving Fund has no public application process in the sources Grantable reviewed. Check revolvingfund.org for current guidelines, or contact the foundation directly before submitting a request.
Where does Providence Revolving Fund make grants?
PRF is based in Providence and states that its mission includes preserving Providence’s architectural heritage. Its website describes neighborhood work across Rhode Island and says commercial-lending assistance is not limited to Providence. The 2024 filing describes micro-business lending for businesses on or near commercial corridors in Providence.
What is Providence Revolving Fund's EIN?
Providence Revolving Fund's EIN (Employer Identification Number) is 05-0386411. IRS Form 990 filing data is available on this page for 2021–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2025
Live grants for the work Providence Revolving Fund funds
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Providence Revolving Fund down — hundreds of funders to go?