Omega Community Development Corporation
- Assets
- $10.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 32
- Location
- Dayton, OH
- Founding
- 08/1998
- Data as of
- 08/2021
- EIN
- 31-1561713
Organization Overview
Omega Community Development Corporation is located in Dayton, OH. The organization was established in 1998. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 08/2021, Omega Community Development Corporation employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omega Community Development Corporation 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 08/2021, Omega Community Development Corporation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 33.7% each year . All expenses for the organization totaled $1.1m during the year ending 08/2021. While expenses have increased by 30.5% per year over the past 6 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
THE OMEGA CDC FOCUSES ON THREE ASPECTS OF COMMUNITY DEVELOPMENT: YOUTH, FAMILY, AND ECONOMIC DEVELOPMENT SERVICES. OUR VISION IS TO TRANSFORM NORTHWEST DAYTON INTO A FAMILY
Describe the Organization's Program Activity:
Part 3 - Line 4a
CDF FREEDOM SCHOOLS PROGRAM. THE CDF FREEDOM SCHOOLS PROGRAM PROVIDES SUMMER ENRICHMENT THAT HELPS CHILDREN TO FALL IN LOVE WITH READING, TO INCREASE THEIR SELF-ESTEEM, AND TO GENERATE MORE POSITIVE ATTITUDES TOWARD READING. CHILDREN ARE TAUGHT, USING A MODEL CURRICULUM THAT SUPPORTS CHILDREN AND FAMILIES AROUND FIVE ESSENTIAL COMPONENTS: 1. HIGH QUALITY ACADEMIC ENRICHMENT; 2. PARENT AND FAMILY INVOLVEMENT; 3. CIVIC ENGAGEMENT AND SOCIAL ACTION; 4. INTERGENERATIONAL LEADERSHIP DEVELOPMENT; 5. NUTRITION AND HEALTH, AND MENTAL HEALTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rev Vanessa Ward President | Officer | 40 | $100,104 |
Dr Alonzo Patterson Vice Chair | OfficerTrustee | 2 | $0 |
Al Wofford Board Chair | OfficerTrustee | 2 | $0 |
Masallay Komrabai-Kanu Secretary | OfficerTrustee | 2 | $0 |
Rick Stover Treasurer | OfficerTrustee | 2 | $0 |
Paul Humble Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $474,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,730,733 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,205,277 |
| Total Program Service Revenue | $7,986 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $20,770 |
| 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 | $2,240,777 |
| 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. | $100,104 |
| Compensation of current officers, directors, key employees. | $41,582 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $454,477 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $73,540 |
| Payroll taxes | $46,314 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $172,534 |
| Advertising and promotion | $0 |
| Office expenses | $88,293 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $50,321 |
| Travel | $7,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,052 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,976 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,149,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,101,457 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $607,884 |
| Accounts receivable, net | $35,309 |
| 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 | $28,747 |
| Net Land, buildings, and equipment | $353,718 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,249,308 |
| Total assets | $10,376,423 |
| Accounts payable and accrued expenses | $75,035 |
| Grants payable | $0 |
| Deferred revenue | $1,250,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,102,329 |
| Unsecured mortgages and notes payable | $129,779 |
| Other liabilities | $0 |
| Total liabilities | $5,557,143 |
| Net assets without donor restrictions | $3,994,280 |
| Net assets with donor restrictions | $825,000 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $10,376,423 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Omega Community Development Corporation has recieved totaling $50,346.
| Awarding Organization | Amount |
|---|---|
Iddings Benevolent Trust Chicago, IL PURPOSE: GENERAL | $25,000 |
The United Way Of The Greater Dayton Area Dayton, OH PURPOSE: PROGRAM OPERATING COSTS AND DESIGNATIONS | $13,244 |
Cleveland Foundation Cleveland, OH PURPOSE: SCHOLARS OF HOPE AFTER SCHOOL PROGRAM | $12,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $102 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Catholic Charities West Michigan Grand Rapids, MI | $13,577,921 | $21,603,747 |
Springboard Collaborative Philadelphia, PA | $12,671,655 | $22,795,961 |
Christs Home Warminster, PA | $89,380,042 | $18,912,760 |
Eight Cap Inc Orleans, MI | $2,750,464 | $18,614,954 |
Catholic Charities Of Shiawassee & Genesee Counties Flint, MI | $13,966,516 | $19,279,987 |
Wedgwood Christian Services Grand Rapids, MI | $24,031,475 | $18,911,597 |
Wheeler Mission Ministries Inc Indianapolis, IN | $56,135,021 | $28,744,599 |
Agency For Community Empowerment Of Nepa Scranton, PA | $6,588,255 | $19,491,125 |
Stark County Community Action Agency Canton, OH | $8,005,138 | $17,758,895 |
Community Action Organization Of Scioto County Inc Portsmouth, OH | $5,541,506 | $17,941,143 |
Onesight Mason, OH | $26,405,119 | $15,913,386 |
Ohio Heartland Community Action Marion, OH | $4,922,800 | $17,262,322 |