Oakmont Community Development Corporation
- Assets
- $63.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 06/1998
- Data as of
- 12/2021
- EIN
- 54-1884569
Organization Overview
Oakmont Community Development Corporation is located in Norfolk, VA. The organization was established in 1998. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakmont 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 12/2021, Oakmont Community Development Corporation generated $100.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $81.8k during the year ending 12/2021. While expenses have increased by 4.3% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
THE OAKMONT COMMUNITY DEVELOPMENT CORPORATION PROVIDES PROGRAMS AND SERVICES THAT ASSIST COMMUNITY RESIDENTS TOWARD A STATE OF SELF EMPLOYMENT. IT ALSO FUNCTIONS TO FOSTER THE EDUCATIONAL, SOCIAL AND ECONOMIC WELL-BEING OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Norris Secretary | 1 | $0 | |
Mary Redd-Nelson Chairman | 1 | $0 | |
Gladys Owens Vice Chairman | 1 | $0 | |
Barbara Pendleton Board Member | 0 | $0 | |
Arthur Jarrett Board Member | 1 | $0 | |
Jan Harris Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,048 |
| Total Program Service Revenue | $57,494 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $100,542 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $20,279 |
| Professional fees and other payments to independent contractors | $1,000 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $60,517 |
| Total expenses | $81,796 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $55,070 |
| Other assets | $0 |
| Total assets | $63,143 |
| Total liabilities | $24,847 |
| Net assets or fund balances | $38,296 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oakmont Community Development Corporation has recieved totaling $2,000.
| Awarding Organization | Amount |
|---|---|
Hampton Roads Community Foundation Norfolk, VA PURPOSE: PROGRAM DEVELOPMENT | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Carter Street Corporation Chattanooga, TN | $16,714,346 | $6,596,539 |
Charlotte Center City Partners Charlotte, NC | $3,090,178 | $6,164,890 |
Venture Richmond Inc Richmond, VA | $7,025,585 | $5,575,003 |
Maryland Manufacturing Service Inc Salisbury, MD | $279,305 | $5,207,545 |
Enterprise Center Inc Chattanooga, TN | $3,677,488 | $5,998,300 |
Historic East Baltimore Community Action Coalition Inc Baltimore, MD | $9,898,806 | $3,562,151 |
Prince Georges County Economic Development Corporation Largo, MD | $6,056,042 | $4,300,935 |
Southwest Business Improvement District Washington, DC | $5,791,931 | $4,241,632 |
Common Ground Alliance Alexandria, VA | $4,149,136 | $2,873,132 |
Baltimore Community Lending Inc Baltimore, MD | $32,545,900 | $4,977,119 |
The Central Baltimore Partnership Inc Baltimore, MD | $5,647,773 | $4,310,518 |
Forward Cities Inc Durham, NC | $1,196,373 | $2,460,187 |