Oasis Of Hope Community Development Corp
- Assets
- $757.9k
- Revenue
- $235.5k
- Investments
- $0.0
- Employees
- 5
- Location
- Pompano Beach, FL
- Founding
- 08/2010
- Data as of
- 12/2021
- EIN
- 80-0388452
Organization Overview
Oasis Of Hope Community Development Corp is located in Pompano Beach, FL. The organization was established in 2010. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Oasis Of Hope Community Development Corp employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oasis Of Hope Community Development Corp 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, Oasis Of Hope Community Development Corp generated $235.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $386.4k during the year ending 12/2021. 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
CONDUCT SEMINARS TO EDUCATE AND COUNSEL POTENTIAL FIRST TIME HOMEBUYERS ON PROPER FINANCIAL LITERACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING SERVICES TO ELIGIBLE LOW INCOME FAMILIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacqueline Reed President | Officer | 40 | $85,621 |
David Zimet Director | Trustee | 2 | $0 |
Amelia Gowdy Director | Trustee | 2 | $0 |
Jason Chapnick Director | Trustee | 2 | $0 |
Melissa Boone Director | Trustee | 2 | $0 |
Name Not Listed Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $148,649 |
| 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 | $148,649 |
| Total Program Service Revenue | $17,883 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $68,993 |
| 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 | $235,525 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $25,929 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $85,621 |
| Compensation of current officers, directors, key employees. | $68,497 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $104,031 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,508 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,293 |
| Advertising and promotion | $2,209 |
| Office expenses | $10,603 |
| Information technology | $11,441 |
| Royalties | $0 |
| Occupancy | $26,392 |
| Travel | $54 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,539 |
| Interest | $28,433 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,729 |
| Insurance | $14,585 |
| All other expenses | $0 |
| Total functional expenses | $386,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,563 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $9,430 |
| Net Land, buildings, and equipment | $677,512 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,425 |
| Total assets | $757,930 |
| Accounts payable and accrued expenses | $41,532 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $470,655 |
| Unsecured mortgages and notes payable | $275,248 |
| Other liabilities | $5,600 |
| Total liabilities | $793,035 |
| 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 | -$35,105 |
| Total liabilities and net assets/fund balances | $757,930 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oasis Of Hope Community Development Corp has recieved totaling $22,375.
| Awarding Organization | Amount |
|---|---|
Homefree Usa Inc Landover, MD PURPOSE: Property purchased for renovation and sale ot low and moderate income potential home owners. | $22,375 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity International Inc Vero Beach, FL | $18,200,555 | $5,583,419 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
Barnabas Center Incorporated Fernandina Beach, FL | $4,852,073 | $5,681,284 |
Safety Shelter Of St Johns County Inc St Augustine, FL | $5,028,169 | $4,409,853 |
Habitat For Humanity International Inc Delray Beach, FL | $9,929,899 | $4,411,611 |
Invest In Americas Veterans Foundation Louisiana Inc Jacksonville Beach, FL | $64,144,983 | $3,808,573 |
Habitat For Humanity International Inc Crystal River, FL | $9,902,038 | $4,338,444 |
Florida Keys Outreach Coalition Inc Key West, FL | $2,454,173 | $2,239,204 |
American Opportunity Foundation Inc Atlanta, GA | $36,469,989 | $25,080,242 |
Habitat For Humanity International Inc Fort Pierce, FL | $5,427,942 | $2,717,014 |
Solitas House Inc Tampa, FL | $2,750,657 | $1,605,694 |