Omni-Governor Inc
- Assets
- $3.0m
- Revenue
- $602.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Providence, RI
- Founding
- 05/1995
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Omni-Governor Inc generated $602.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $722.1k during the year ending 12/2021. While expenses have increased by 1.1% per year over the past 7 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
2021
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 $502,790 AND THE MANAGEMENT AND GENERAL EXPENSES TOTALED $219,274. THE INCOME DIRECTLY RELATED TO NON HOUSING ASSISTANCEPAYMENTS AND PAYMENTS FROM THE RESIDENTS TOTALLING $259,982.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laurence K Flynn Former Chairman | OfficerTrustee | 0 | $0 |
Scott Slater Treasurer | OfficerTrustee | 0 | $0 |
Sharon Morris Director | OfficerTrustee | 2 | $0 |
Kathy Placencia Secretary | OfficerTrustee | 0 | $0 |
Stephen Napolitano Esquire Acting Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $342,963 |
| 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 | $342,963 |
| Total Program Service Revenue | $256,201 |
| Investment income | $663 |
| 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 | $602,945 |
| 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 | $134,141 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,420 |
| Payroll taxes | $11,828 |
| Fees for services: Management | $49,711 |
| Fees for services: Legal | $4,744 |
| Fees for services: Accounting | $9,000 |
| 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 | $5,430 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $117,808 |
| 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 | $178,921 |
| Insurance | $54,793 |
| All other expenses | $25,291 |
| Total functional expenses | $722,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,434 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,180 |
| 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 | $10,040 |
| Net Land, buildings, and equipment | $2,628,617 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $315,848 |
| Total assets | $2,959,119 |
| Accounts payable and accrued expenses | $36,642 |
| Grants payable | $0 |
| Deferred revenue | $1,440 |
| 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 | $86,380 |
| Total liabilities | $4,731,162 |
| 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 | -$1,772,043 |
| Total liabilities and net assets/fund balances | $2,959,119 |
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