Overview
What is Oda Community Development Corporation?
Oda Community Development Corporation is a 501C3 nonprofit organization based in Brooklyn, New York, located at 12 Heyward Street 2nd Floor. This multi-faceted organization serves both the local community and beyond, catering to individual needs and providing a variety of services. Their focus includes professional business support, housing assistance, health care, and nutritional programs, particularly for low-income and minority communities in New York. In terms of environmental conservation, Oda Community Development Corporation undertakes energy-saving projects, such as installing energy-efficient windows, heating systems, and illumination systems, as well as insulation, in low-income apartments and homes. The organization's dedicated workforce comprises 32 employees committed to improving the lives of those in their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating)
Oda Community Development Corporation has achieved an 84% score, which reflects a solid commitment to accountability and financial management. With a perfect score on key governance measures, such as having a majority of independent board members and a comprehensive conflict of interest policy, the organization demonstrates strong ethical practices and operational oversight.
The organization shows commendable financial integrity, highlighted by its effective audit and oversight committee. Additionally, it has maintained a high program expense ratio of 77.65%, indicating that a significant portion of its funding is directed toward its programs rather than administrative costs. This aligns well with the mission-driven focus of the nonprofit sector.
However, one area that may warrant attention is its liabilities to assets ratio of 63.48%, which could suggest potential financial vulnerabilities. While the organization has established strong governance policies, monitoring and managing financial health will be crucial as it continues its work in community development.
This AI summary has been generated from information found on Charity Navigator.
Is Oda Community Development Corporation legitimate?
Oda Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oda Community 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: $292,968
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,405,539
For more financial information, click here
What is the mission statement of Oda Community Development Corporation?
The Oda Community Development Corporation, as a 501C3 non-profit organization, is committed to providing a range of services to cater to the individualized needs of various communities. Particularly focusing on low-income and minority communities in New York, they offer professional business, housing, health, and nutritional services. Their mission is to enhance the quality of life within these communities by offering housing, health, and nutritional solutions. The organization is dedicated to making a difference by installing energy-saving measures like heat-efficient windows, energy-efficient heating systems, illumination systems, and insulation in low-income apartments and homes.
Who is the CEO of Oda Community Development Corporation?
Naftali Ausch is the Secretary of Oda Community Development Corporation.
What is the revenue of Oda Community Development Corporation?
Oda Community Development Corporation's revenue in 2022 was $4,288,010.
Who are the executives of Oda Community Development Corporation and what are their salaries?
The average compensation at Oda Community Development Corporation during 2022 was $53,078. There are 32 employees and 7 volunteers at Oda Community Development Corporation.
Here are 10 key members and their salaries:
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- Compensation: $175,015
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- Other: $35,438
- Compensation: $110,000
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- Other: $28,867
- Compensation: $110,000
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- Other: $21,353
Where can I find the form 990 for Oda Community Development Corporation?
Oda Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Oda Community Development Corporation
Oda Community Development Corporation, as a 501C3 non-profit organization, is committed to serving the community and beyond by catering to the individualized needs of low-income and minority communities in New York. This multi-faceted organization offers a host of programs, extending its services in the areas of professional business, housing, health, and nutrition. Its mission is to provide housing, health, and nutritional services specifically tailored to the needs of these communities.
In line with its mission, Oda Community Development Corporation takes various initiatives to make a difference. One such initiative is the installation of energy-saving measures in low-income apartments and homes. This includes the installation of heat-saving windows, energy-efficient heating systems, and illumination systems, as well as insulation, among other energy-conserving measures. By implementing these methods, the organization aims to contribute to a more sustainable and energy-efficient lifestyle for the communities it serves.
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Impact
July, 2024
Oda Community Development Corporation's impact extends beyond its nonprofit status. Through its multi-faceted programs, Oda Community Development Corporation plays a critical role in enhancing the lives of individuals in low-income and minority communities in New York. By offering professional business, housing, health, and nutritional services tailored to specific needs, Oda Community Development Corporation is actively working towards community improvement. One of its impactful initiatives includes energy conservation through the installation of heat-saving windows, energy-efficient heating systems, insulation, and more in low-income apartments and homes. Overall, Oda CDC's commitment to addressing the unique challenges faced by vulnerable populations underscores its significant impact on the community and beyond.
This information is meant to be a general summary of Oda Community 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 2022.
- Program Service Revenue: $472,768
- Gross Receipts: $4,288,010
Assets and Liabilities:
- Total Assets: $1,469,268
- Total Liabilities: $880,337
- Net Assets: $588,931
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WEATHERIZATION
Revenue
$472,768
Organization Details
Founding Year
1993
Phone
(718) 522-5620Principal Officer
Naftali Ausch
Main Address
12 HEYWARD STREET 2ND FLOOR, BROOKLYN, NY, 11211
NTEE Category
Code: S20 - Community improvement
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