Omni-Governor Inc
- Assets
- $2.8m
- Revenue
- $628.3k
- Investments
- $0.0
- Employees
- 6
- Location
- Providence, RI
- Founding
- 05/1995
- Data as of
- 12/2022
- EIN
- 05-0481911
Organization Overview
Omni-Governor Inc is located in Providence, RI. The organization was established in 1995. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Omni-Governor Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omni-Governor Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Omni-Governor Inc generated $628.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $741.4k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LOW-INCOME HOUSING FOR ELDERLY PERSONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LARGEST AND ONLY PROGRAM OF THE PROJECT IS TO PROVIDE LOW-INCOME HOUSING TO ELIGIBLE ELDERLY PERSONS. THE PROGRAM EXPENSES RELATING TO THIS TOTALLED $603,143 AND THE MANAGEMENT AND GENERAL EXPENSES TOTALED $138,300. THE INCOME DIRECTLY RELATED TO NON HOUSING ASSISTANCEPAYMENTS AND PAYMENTS FROM THE RESIDENTS TOTALLING $263,258.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Napolitano Esquire Director | OfficerTrustee | 0 | $0 |
Sharon Morris Director | OfficerTrustee | 2 | $0 |
Scott Slater Treasurer | OfficerTrustee | 0 | $0 |
The Honorable Judge Edward C Clifto Chairman | OfficerTrustee | 0 | $0 |
Judge Keith Cardoza Secretary | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $365,082 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $365,082 |
| Total Program Service Revenue | $259,051 |
| Investment income | $1,410 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $628,340 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $131,529 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $3,493 |
| Payroll taxes | $12,179 |
| Fees for services: Management | $51,525 |
| Fees for services: Legal | $4,658 |
| Fees for services: Accounting | $10,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,202 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $106,842 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $183,303 |
| Insurance | $59,005 |
| All other expenses | $26,047 |
| Total functional expenses | $741,443 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,373 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $837 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,992 |
| Net Land, buildings, and equipment | $2,511,102 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $289,758 |
| Total assets | $2,830,062 |
| Accounts payable and accrued expenses | $37,093 |
| Grants payable | $0 |
| Deferred revenue | $343 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $4,606,700 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $71,072 |
| Total liabilities | $4,715,208 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | -$1,885,146 |
| Total liabilities and net assets/fund balances | $2,830,062 |