Omega Residential

Organization Overview

Omega Residential is located in Gadsden, AL. The organization was established in 2015. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 09/2021, Omega Residential employed 88 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Omega Residential 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 09/2021, Omega Residential generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $2.0m during the year ending 09/2021. While expenses have increased by 18.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE SAFE AND APPROPRIATE HOUSING FOR INTELLECTUALLY, DEVELOPMENTALLY, AND MENTALLY DISABLED PERSONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO PROVIDE SAFE AND APPROPRIATE HOUSING FOR INTELLECTUALLY, DEVELOPMENTALLY, AND MENTALLY DISABLED PERSONS.


TO PROVIDE SAFE AND APPROPRIATE HOUSING FOR INTELLECTUALLY, DEVELOPMENTALLY, AND MENTALLY DISABLED PERSONS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
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$0
Total Program Service Revenue$2,268,064
Investment income $1,457
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 $2,269,521

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