Overview
What is Ohio Multi-County Development Corporation?
The Ohio Multi-County Development Corporation (OMCDC) is a community development organization situated in Akron, Ohio. Its primary mission is to offer affordable housing opportunities to individuals with low and moderate incomes residing in Holmes, Summit, and Wayne Counties. The corporation is dedicated to meeting the housing needs of this demographic, working diligently to ensure accessible and affordable living spaces in these regions.
Official website here: www.omcdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating)
The Ohio Multi-County Development Corporation has achieved a remarkable score of 95%, reflecting its strong performance in accountability and finance. This high rating is primarily based on its outstanding governance practices, including a completely independent board and no material diversion of assets. These factors contribute significantly to the organization’s credibility and trustworthiness in managing its resources.
The organization excels in several key areas, such as its commitment to transparency, as evidenced by the availability of essential documents and policies like conflict of interest and whistleblower policies. Additionally, it maintains a high program expense ratio of 98.25%, indicating that nearly all of its expenditures are directed toward fulfilling its mission rather than administrative costs.
However, the organization has a liabilities to assets ratio of 52.58%, which suggests that it has more than half of its assets tied up in liabilities. While this figure is relatively manageable, it may warrant attention as the organization continues to grow and expand its services. Overall, the Ohio Multi-County Development Corporation is a well-structured nonprofit with a strong focus on accountability and efficiency.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio Multi-County Development Corporation legitimate?
Ohio Multi-County Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio Multi-County Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.omcdc.org
What is the mission statement of Ohio Multi-County Development Corporation?
The Ohio Multi-County Development Corporation (OMCDC) is committed to addressing the housing needs of individuals with low and moderate income. This community development corporation provides affordable housing opportunities in Holmes, Summit, and Wayne Counties, with a dedication to serving this specific demographic. By focusing on this mission, OMCDC aims to contribute positively to the well-being of its community members, ensuring they have access to decent and affordable housing.
Official website here: www.omcdc.org
Who is the CEO of Ohio Multi-County Development Corporation?
Janet L Wagner is the CEO of Ohio Multi-County Development Corporation The CEO's salary of Ohio Multi-County Development Corporation is $0 and their total compensation is $205,058.
Official website here: www.omcdc.org
What is the revenue of Ohio Multi-County Development Corporation?
Ohio Multi-County Development Corporation's revenue in 2023 was $407,476.
Official website here: www.omcdc.org
Who are the executives of Ohio Multi-County Development Corporation and what are their salaries?
Here are 8 key members and their salaries (Ohio Multi-County Development Corporation's CEO's salary is $0 and their total compensation is $205,058):
- Compensation: $0
- Related: $205,058
- Other: $0
- Compensation: $0
- Related: $136,253
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.omcdc.org
Where can I find the form 990 for Ohio Multi-County Development Corporation?
Ohio Multi-County Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.omcdc.org
Learn more at the official website: www.omcdc.org
Mission Statement of Ohio Multi-County Development Corporation
The Ohio Multi-County Development Corporation (OMCDC) is committed to addressing the housing needs of individuals with low and moderate incomes, extending its efforts to the counties of Holmes, Summit, and Wayne. This community development corporation's primary objective is to provide accessible housing opportunities within these regions. By embracing this mission, OMCDC plays a crucial role in ensuring that a diverse range of individuals can secure suitable and affordable living spaces.
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Impact
July, 2024
Ohio Multi-County Development Corporation's impact is evident in its dedicated efforts to meet the housing needs of low and moderate-income individuals in Holmes, Summit, and Wayne counties. Through its focus on providing affordable housing opportunities, OMCDC plays a vital role in enhancing the quality of life for residents in these areas. By addressing the housing challenges faced by vulnerable populations, OMCDC contributes to creating more stable and sustainable communities in Akron, Ohio, and its surrounding counties.
This information is meant to be a general summary of Ohio Multi-County Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $283,347
- Gross Receipts: $407,476
Assets and Liabilities:
- Total Assets: $500,113
- Total Liabilities: $262,978
- Net Assets: $237,135
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT REVENUE
Revenue
$283,347
Organization Details
Founding Year
2003
Principal Officer
Michelle Marshall
Website
www.omcdc.orgNTEE Category
Code: L20 - Housing
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