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  5. Ventures on Charles, Inc.

Ventures on Charles, Inc.

Company Details

Name: Ventures on Charles, Inc.
Jurisdiction: Rhode Island
Entity type: Domestic Profit Corporation
Status: Activ
Date of Organization in Rhode Island: 20 Apr 2000 (25 years ago)
Identification Number: 000112098
ZIP code: 02919
County: Providence County
Purpose: OWNERSHIP AND DEVELOPMENT REAL ESTATE
Principal Address: Google Maps Logo 1414 ATWOOD AVENUE, JOHNSTON, RI, 02919, USA

Industry & Business Activity

NAICS

531390 Other Activities Related to Real Estate

This industry comprises establishments primarily engaged in performing real estate related services (except lessors of real estate, offices of real estate agents and brokers, real estate property managers, and offices of real estate appraisers). Learn more at the U.S. Census Bureau

Companies doing Other activities related to real estate

Agent

Name Role Address
ANGELO R. MAROCCO, ESQ. Agent 1200 RESERVOIR AVENUE, CRANSTON, RI, 02920, USA

PRESIDENT

Name Role Address
KELLY M. COATES PRESIDENT 1414 ATWOOD AVENUE JOHNSTON, RI 02919 USA

Filings

Number Name File Date
202446441430 Articles of Amendment 2024-02-14
202446596770 Annual Report 2024-02-12
202328606320 Annual Report 2023-02-10
202217233440 Annual Report 2022-05-03
202187840620 Annual Report 2021-01-25

Uniform Commercial Code

The Uniform Commercial Code (UCC) is a comprehensive set of laws governing all commercial transactions in the United States.

A UCC filing is a public notice of a secured transaction. A financing statement indicates a commercial agreement between a debtor and a secured party.

Uniform Commercial Code Summary

Type:
UCC-3 TERMINATION
UCC Filing Number:
202430228760
Filing Date:
2024-02-22
Action:
TerminationSecuredParty

Parties

Party Name:
Ventures on Charles, Inc.
Party Role:
Debtor(s)

Uniform Commercial Code Summary

Type:
UCC-1 Standard
UCC Filing Number:
202430218860
Filing Date:
2024-02-20
Action:
InitialFiling

Parties

Party Name:
Ventures on Charles, Inc.
Party Role:
Debtor(s)

Uniform Commercial Code Summary

Type:
UCC-3 CONTINUATION
UCC Filing Number:
202023886540
Filing Date:
2020-11-18
Action:
Continuation

Parties

Party Name:
Ventures on Charles, Inc.
Party Role:
Debtor(s)
Party Name:
CWCAPITAL LLC
Party Role:
Secured Parties
Party Name:
SECRETARY OF HOUSING AND URBAN DEVELOPMENT
Party Role:
Secured Parties

USAspending Awards / Financial Assistance

Date:
2025-01-31
Link:
View on USAspending
Awarding Agency Name:
Department of Housing and Urban Development
Transaction Description:
SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM
Obligated Amount:
1200145.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00
Date:
2024-09-05
Link:
View on USAspending
Awarding Agency Name:
Department of Housing and Urban Development
Transaction Description:
SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM
Obligated Amount:
2055118.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00
Date:
2024-02-28
Link:
View on USAspending
Awarding Agency Name:
Department of Housing and Urban Development
Transaction Description:
PURPOSE: THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD), OFFICE OF MULTIFAMILY HOUSING PROVIDES RENEWALS OF PROJECT-BASED SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) CONTRACTS DIRECTLY WITH OWNERS. THE PURPOSE OF THE HAP CONTRACTS IS TO PROVIDE RENTAL ASSISTANCE TO LOW (80% IF AREA MEDIAN INCOME), VERY LOW (50% OF AREA MEDIAN INCOME AND EXTREMELY LOW (30% OF AREA MEDIAN INCOME)-INCOME HOUSEHOLDS ENABLING THEM TO LIVE IN AFFORDABLE, DECENT, SAFE, AND SANITARY HOUSING. FOR ADDITIONAL INFORMATION ABOUT THESE AWARDS SEE THE MULTIFAMILY ASSISTANCE & SECTION 8 DATABASE AT: HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/HOUSING/MFH/EXP/MFHDISCL.; ACTIVITIES TO BE PERFORMED: APPROXIMATELY 16,400 SECTION 8 HOUSING ASSISTANCE PAYMENTS (HAP) CONTRACTS PROVIDE RENTAL ASSISTANCE ANNUALLY TO 1.19 MILLION HOUSEHOLDS UNDER PROGRAM ACTIVITY CODE 001 FOR ASSISTANCE LISTING 14.195. OWNERS RECEIVE FEDERAL FUNDS FROM HUD TO ADMINISTER THE SECTION 8 PROJECT BASED RENTAL ASSISTANCE PROGRAM THROUGH THE HAP CONTRACTS. THE OWNERS ACCEPT A FAMILY’S APPLICATION FOR RENTAL ASSISTANCE, CONFIRMS THE FAMILY’S ELIGIBILITY FOR ASSISTANCE AND SELECTS THE FAMILY FOR ADMISSION IN ACCORDANCE WITH THE OCCUPANCY HANDBOOK 4350.3 REV-1 (HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/ADMINISTRATION/HUDCLIPS/HANDBOOKS/HSGH/4350.3). THE FAMILY THEN MOVES INTO THE PROPERTY AND EXECUTES THE LEASE AND AGREES TO SECTION 8 PROGRAM REQUIREMENTS INCLUDING ANNUAL RECERTIFICATION. THE OWNER SUBMITS FOR PAYMENT OF THE RENTAL ASSISTANCE SUBSIDY MONTHLY ON BEHALF OF THE PARTICIPATING FAMILY. THE FAMILY PAYS 30% OF THEIR ADJUSTED INCOME IN RENT AND UTILITIES AND THE HAP CONTRACT PAYS THE BALANCE OF THE CONTRACT RENT TO THE OWNER.; EXPECTED OUTCOMES: APPROXIMATELY 1.19 MILLION HOUSEHOLDS CONTINUE TO LIVE IN AFFORDABLE HOUSING PAYING 30% OF THEIR ADJUSTED INCOME IN RENT AND UTILITIES IN HOUSING THAT IS DECENT, SAFE AND SANITARY FOR AS LONG AS THEY CHOOSE, AND THE OWNER REMAINS IN COMPLIANCE WITH THE HAP CONTRACT.; INTENDED BENEFICIARIES: INDIVIDUALS AND FAMILIES WHO MEET THE ELIGIBILITY CRITERIA OF THE PROGRAM AND PROPERTY AS NOTED IN THE OCCUPANCY HANDBOOK, 4350.3 REV-1, CHAPTER 3 (HTTPS://WWW.HUD.GOV/PROGRAM_OFFICES/ADMINISTRATION/HUDCLIPS/HANDBOOKS/HSGH/4350.3) AND SUMMARIZED BELOW ARE THE INTENDED BENEFICIARIES OF THIS PROGRAM. • PROGRAM ELIGIBILITY DETERMINES WHETHER APPLICANTS ARE ELIGIBLE FOR ASSISTANCE. PROGRAM REQUIREMENTS INCLUDE INCOME LIMITS, DISCLOSURE OF SOCIAL SECURITY NUMBERS, CONSENT FORMS, RESTRICTION ON ASSISTANCE TO NONCITIZENS, RESTRICTIONS ON ELIGIBILITY OF STUDENTS FOR SECTION 8 ASSISTANCE, MANDATORY USE OF ENTERPRISE INCOME VERIFICATION SYSTEM (EIV). • PROJECT ELIGIBILITY ESTABLISHES WHETHER APPLICANTS ARE ELIGIBLE TO RESIDE IN A SPECIFIC PROJECT TO WHERE THEY HAVE APPLIED. THREE THINGS MY AFFECT THE MATCH BETWEEN AN APPLICANT AND THE APPLICANT’S ELIGIBILITY FOR OCCUPANCY IN A PARTICULAR PROJECT: 1. THE EXTENT TO WHICH ALL OR SOME OF THE UNITS IN A PROJECT ARE DESIGNATED FOR SPECIFIC FAMILY TYPES, SUCH AS THOSE WHO ARE ELDERLY OR DISABLED; 2. THE PROJECT-SPECIFIC OCCUPANCY STANDARDS ESTABLISHED BY THE OWNER, THE FAMILY SIZE, AND THE UNIT SIZES AVAILABLE IN THE PROJECT; AND 3. IN SOME INSTANCES, A FAMILY’S INTENTION TO LEASE USING A HOUSING-CHOICE VOUCHER SUBSIDY THAT MAY BE USED IN SOME PROJECTS AND NOT IN OTHERS.; SUBRECIPIENT ACTIVITIES: THE RECIPIENT DOES NOT INTEND TO SUBAWARD FUNDS.
Obligated Amount:
130000.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00
Date:
2023-09-21
Link:
View on USAspending
Awarding Agency Name:
Department of Housing and Urban Development
Transaction Description:
SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM
Obligated Amount:
1520847.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00
Date:
2023-04-24
Link:
View on USAspending
Awarding Agency Name:
Department of Housing and Urban Development
Transaction Description:
SECTION 8 HOUSING ASSISTANCE PAYMENTS PROGRAM
Obligated Amount:
13048.00
Face Value Of Loan:
0.00
Total Face Value Of Loan:
0.00

Related by officers

ANGELO R. MAROCCO, ESQ.

J. Arakelian Inc. Integrated Properties XI, Inc. CHATEAU PROPERTIES, LTD. Consolidated Maintenance Services, Inc. COSTANTINO BROS., INC. 1414 ASSOCIATES, INC. Scituate Properties, Inc. MESHANTICUT PROPERTIES, INC. MESHANTICUT VISTA, INC. GENERAL MANAGEMENT CORPORATION

KELLY M. COATES

Integrated Properties XI, Inc. Consolidated Maintenance Services, Inc. COSTANTINO BROS., INC. 1414 ASSOCIATES, INC. Scituate Properties, Inc. AMALGAMATED DEVELOPMENT II, INC. NATIONAL INVESTMENTS, LTD. WASHERS, INC. INTEGRATED PROPERTIES II, INC. INTEGRATED PROPERTIES III, INC.

Related by address

1414 ATWOOD AVENUE, JOHNSTON, RI, 02919, USA

Integrated Properties XI, Inc. CHATEAU PROPERTIES, LTD. Consolidated Maintenance Services, Inc. COSTANTINO BROS., INC. 1414 ASSOCIATES, INC. Scituate Properties, Inc. MESHANTICUT PROPERTIES, INC. MESHANTICUT VISTA, INC. AMALGAMATED DEVELOPMENT II, INC. NATIONAL INVESTMENTS, LTD.

Date of last update: 20 May 2025

Sources: Rhode Island Department of State

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