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OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY, INC.

Headquarter

Company Details

Name: OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY, INC.
Jurisdiction: Rhode Island
Entity type: Domestic Non-Profit Corporation
Status: Activ
Date of Organization in Rhode Island: 11 Jun 1980 (45 years ago)
Identification Number: 000028496
ZIP code: 02888
County: Kent County
Principal Address: 300 JEFFERSON BLVD. SUITE 105, WARWICK, RI, 02888, USA
Purpose: FURTHERING THE ECONOMIC DEVELOPMENT OF THE COUNTIES OF PROVIDENCE, KENT, NEWPORT, WASHINGTON AND BRISTOL IN THE STATE OF RHODE ISLAND, STATE OF CONNECTICUT, COMMONWEALTH OF MASSACHUSETTS; PROMOTING AND ASSISTING IN GROWTH AND DEVELOPMENT OF SMALL BUSINESS CONCERNS
Fictitious names: RI Small Business Development (trading name, 2017-03-27 - )
Rhode Island Small Business Development (trading name, 2017-03-27 - )
Rhode Island Business Development (trading name, 2017-03-27 - )
RI Business Development (trading name, 2017-03-27 - )
OSBDA (trading name, 2016-09-19 - )
Ocean State Business Development (trading name, 2016-09-19 - )

Industry & Business Activity

NAICS

522298 All Other Nondepository Credit Intermediation

This U.S. industry comprises establishments primarily engaged in providing nondepository credit (except credit card issuing, sales financing, consumer lending, real estate credit, international trade financing, and secondary market financing). Examples of types of lending in this industry are short-term inventory credit, agricultural lending (except real estate and sales financing), and consumer cash lending secured by personal property. Learn more at the U.S. Census Bureau

Links between entities

Type Company Name Company Number State
Headquarter of OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY, INC., CONNECTICUT 0782874 CONNECTICUT

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2023 050389516 2025-01-21 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 4
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4012911504
Plan sponsor’s address 300 JEFFERSON BOULEVARD, SUITE 105, WARWICK, RI, 02888

Signature of

Role Plan administrator
Date 2025-01-21
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2022 050389516 2023-11-09 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 4
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4012911504
Plan sponsor’s address 300 JEFFERSON BOULEVARD, SUITE 105, WARWICK, RI, 02888

Signature of

Role Plan administrator
Date 2023-11-09
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2021 050389516 2023-01-11 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 5
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4012911504
Plan sponsor’s address 300 JEFFERSON BOULEVARD, SUITE 105, WARWICK, RI, 02888

Signature of

Role Plan administrator
Date 2023-01-10
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2023-01-10
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2020 050389516 2021-12-15 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 5
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4012911504
Plan sponsor’s address 300 JEFFERSON BOULEVARD, SUITE 105, WARWICK, RI, 02888

Signature of

Role Plan administrator
Date 2021-12-15
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2021-12-15
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2019 050389516 2020-11-09 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 5
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4014544560
Plan sponsor’s address 155 SOUTH MAIN STREET SUITE 403, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2020-11-09
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2020-11-09
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2018 050389516 2019-10-31 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 4
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4014544560
Plan sponsor’s address 155 SOUTH MAIN STREET SUITE 403, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2019-10-31
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2019-10-31
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2017 050389516 2018-10-12 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 5
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4014544560
Plan sponsor’s address 155 SOUTH MAIN STREET SUITE 403, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2018-10-12
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2018-10-12
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2016 050389516 2017-11-22 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 3
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4014544560
Plan sponsor’s address 155 SOUTH MAIN STREET SUITE 403, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2017-11-22
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
Role Employer/plan sponsor
Date 2017-11-22
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature
OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 403(B) PLAN 2015 050389516 2017-01-23 OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY 3
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2015-10-01
Business code 522292
Sponsor’s telephone number 4014544560
Plan sponsor’s address 155 SOUTH MAIN STREET SUITE 403, PROVIDENCE, RI, 02903

Signature of

Role Plan administrator
Date 2017-01-23
Name of individual signing RUSSELL GASTON
Valid signature Filed with authorized/valid electronic signature

Agent

Name Role Address
RUSSELL GASTON Agent 300 JEFFERSON BOULEVARD SUITE 105, WARWICK, RI, 02888, USA

PRESIDENT

Name Role Address
RUSSELL GASTON PRESIDENT 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA

SECRETARY

Name Role Address
JAMES TIERNEY SECRETARY 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA

DIRECTOR

Name Role Address
ERIC LICHATIN DIRECTOR 300 JEFFERSON BOULEVARD, STE 105 WARWICK, RI 02888 USA
FILIPPO MARCHIONNE DIRECTOR 300 JEFFERSON BOULEVARD, STE 105 WARWICK, RI 02888 USA
MICHAEL LEVINSON DIRECTOR 300 JEFFERSON BOULEVARD, STE 105 WARWICK, RI 02888 USA
HASAN ALI DIRECTOR 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA
ROBERT NICKERSON DIRECTOR 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA
JOHN PIMENTAL DIRECTOR 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA
CRISTINA FEDEN DIRECTOR 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA
SEAN MCINTYRE DIRECTOR 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA
KEVIN CASEY DIRECTOR 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA
RUSSELL HAHN DIRECTOR 300 JEFFERSON BLVD., STE 105 WARWICK, RI 02888 USA

Filings

Number Name File Date
202444623450 Annual Report 2024-01-24
202326191080 Annual Report 2023-01-19
202207868230 Statement of Change of Registered/Resident Agent Office 2022-01-11
202207867530 Annual Report 2022-01-11
202207634510 Articles of Amendment 2022-01-04
202197841660 Annual Report 2021-06-07
202040381970 Annual Report 2020-05-18
201992973000 Statement of Change of Registered/Resident Agent 2019-05-13
201992972580 Annual Report 2019-05-13
201864022490 Annual Report 2018-05-07

Tax Exempt

EIN Type of Organization Exempt Organization Status Address Ruling Date
05-0389516 Corporation Unconditional Exemption 300 JEFFERSON BLVD STE 105, WARWICK, RI, 02888-3860 1983-10
In Care of Name -
Group Exemption Number 0000
Subsection Civic League, Local Association of Employees, Social Welfare Organization
Affiliation Independent - This code is used if the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Classification Government Instrumentality, Title-Holding Corporation, Charitable Organization, Agricultural Organization, Board of Trade, Pleasure, Recreational, or Social Club, Fraternal Beneficiary Society, Order or Association, Voluntary Employees' Beneficiary Association (Non-Govt. Emps.), Domestic Fraternal Societies and Associations, Teachers Retirement Fund Assoc., Benevolent Life Insurance Assoc., Burial Association, Credit Union, Mutual Insurance Company or Assoc. Other Than Life or Marine, Corp. Financing Crop Operations, Supplemental Unemployment Compensation Trust or Plan, Employee Funded Pension Trust (Created Before 6/25/59), Post or Organization of War Veterans, Legal Service Organization, Black Lung Trust, Multiemployer Pension Plan, Veterans Assoc. Formed Prior to 1880, Trust Described in Sect. 4049 of ERISA, Title Holding Co. for Pensions, etc., State-Sponsored High Risk Health Insurance Organizations, State-Sponsored Workers' Compensation Reinsurance, ACA 1322 Qualified Nonprofit Health Insurance Issuers, Apostolic and Religious Org. (501(d)), Cooperative Hospital Service Organization (501(e)), Cooperative Service Organization of Operating Educational Organization (501(f)), Child Care Organization (501(k)), Charitable Risk Pool, Qualified State-Sponsored Tuition Program, 4947(a)(1) - Private Foundation (Form 990PF Filer)
Deductibility -
Foundation All organizations except 501(c)(3)
Tax Period 2023-09
Asset 500,000 to 999,999
Income 1,000,000 to 4,999,999
Filing Requirement 990 (all other) or 990EZ return
PF Filing Requirement No 990-PF return
Accounting Period Sep
Asset Amount 614935
Income Amount 1348315
Form 990 Revenue Amount 1348315
National Taxonomy of Exempt Entities -
Sort Name -

Copies of Returns (990, 990-EZ, 990-PF, 990-T)

Organization Name OCEAN STATE BUSINESS DEVELOPMENT AU
EIN 05-0389516
Tax Period 202309
Filing Type E
Return Type 990O
File View File
Organization Name OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC
EIN 05-0389516
Tax Period 202109
Filing Type E
Return Type 990O
File View File
Organization Name OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC
EIN 05-0389516
Tax Period 201909
Filing Type E
Return Type 990O
File View File
Organization Name OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC
EIN 05-0389516
Tax Period 201809
Filing Type E
Return Type 990O
File View File
Organization Name OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC
EIN 05-0389516
Tax Period 201709
Filing Type E
Return Type 990O
File View File
Organization Name OCEAN STATE BUSINESS DEVELOPMENT AUTHORITY INC
EIN 05-0389516
Tax Period 201609
Filing Type E
Return Type 990O
File View File

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
3393258805 2021-04-14 0165 PPS 155 S Main St Ste 403, Providence, RI, 02903-2963
Loan Status Date 2021-12-17
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 94481
Loan Approval Amount (current) 94481
Undisbursed Amount 0
Franchise Name -
Lender Location ID 32784
Servicing Lender Name BayCoast Bank
Servicing Lender Address 330 Swansea Mall Dr, SWANSEA, MA, 02777-4112
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address Providence, PROVIDENCE, RI, 02903-2963
Project Congressional District RI-01
Number of Employees 5
NAICS code 522292
Borrower Race White
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 32784
Originating Lender Name BayCoast Bank
Originating Lender Address SWANSEA, MA
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 95005.89
Forgiveness Paid Date 2021-11-08
5457528007 2020-06-28 0165 PPP 155 South Main Street, PROVIDENCE, RI, 02903-2905
Loan Status Date 2021-05-20
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 73627
Loan Approval Amount (current) 73627
Undisbursed Amount 0
Franchise Name -
Lender Location ID 32784
Servicing Lender Name BayCoast Bank
Servicing Lender Address 330 Swansea Mall Dr, SWANSEA, MA, 02777-4112
Rural or Urban Indicator U
Hubzone Y
LMI Y
Business Age Description Existing or more than 2 years old
Project Address PROVIDENCE, PROVIDENCE, RI, 02903-2905
Project Congressional District RI-01
Number of Employees 5
NAICS code 522298
Borrower Race White
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 32784
Originating Lender Name BayCoast Bank
Originating Lender Address SWANSEA, MA
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 74213.97
Forgiveness Paid Date 2021-04-16

Date of last update: 06 Apr 2025

Sources: Rhode Island Department of State