Overview
What is Ogontz Avenue Revitalization Corp?
Ogontz Avenue Revitalization Corp is a nonprofit organization situated in Philadelphia, Pennsylvania, at 2502 West Cheltenham Avenue. Their mission is to foster sustainable economic development in the West Oak Lane neighborhood and beyond in the northwest section of Philadelphia, utilizing innovative and creative resources. They approach community revitalization holistically, focusing on five key areas: business and economic development, housing development, community engagement, arts and culture, and greening solutions for sustainable living. The organization aims to improve the quality of life for local residents, as indicated in their mission statement. They have a team of seven dedicated individuals working towards these objectives.
Official website here: www.oarcphilly.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star Rating
Ogontz Avenue Revitalization Corp has earned a Three-Star rating with a score of 85% from Charity Navigator, indicating a strong level of accountability and financial health. The organization demonstrates a high commitment to transparency, as evidenced by its independent board majority and the absence of material asset diversion. It follows best practices with policies listed for conflicts of interest, whistleblower protection, and document retention, contributing to its solid governance framework.
The organization has a commendable program expense ratio of 80.78%, which suggests that a significant portion of its funds is directed towards its programs rather than administrative costs. This is an encouraging sign for donors looking to support a nonprofit that prioritizes its mission. Moreover, Ogontz Avenue Revitalization Corp maintains a favorable liabilities to assets ratio of 46.44%, reflecting prudent financial management.
However, while the organization shows strengths in governance and program allocation, ongoing monitoring of its effectiveness and impact in the community would be beneficial. Continued engagement from the community and stakeholders may enhance its visibility and support, further strengthening its operations and outreach efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Ogontz Avenue Revitalization Corp legitimate?
Ogontz Avenue Revitalization Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ogontz Avenue Revitalization Corp 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: $350,036
For more financial information, click here
Official website here: www.oarcphilly.org
What is the mission statement of Ogontz Avenue Revitalization Corp?
The Ogontz Avenue Revitalization Corp's mission is centered around stimulating sustainable economic development. They accomplish this by creatively and innovatively utilizing their resources. The ultimate goal is to enhance the quality of life for residents, extending beyond their primary neighborhood of West Oak Lane to other communities in the Northwest section of Philadelphia. The organization takes a comprehensive approach to community revitalization, focusing on five key areas: business and economic development, housing development, community engagement, arts and culture, and sustainable living solutions. (Details can be found in their schedule O.)
Official website here: www.oarcphilly.org
Who is the CEO of Ogontz Avenue Revitalization Corp?
Kimberly Lloyd is the President/Ceo-Member of Ogontz Avenue Revitalization Corp. The CEO's salary of Ogontz Avenue Revitalization Corp is $283,902 and their total compensation is $283,902.
Official website here: www.oarcphilly.org
What is the revenue of Ogontz Avenue Revitalization Corp?
Ogontz Avenue Revitalization Corp's revenue in 2022 was $2,243,490.
Official website here: www.oarcphilly.org
Who are the executives of Ogontz Avenue Revitalization Corp and what are their salaries?
The average compensation at Ogontz Avenue Revitalization Corp during 2022 was $50,005. There are 7 employees and 3 volunteers at Ogontz Avenue Revitalization Corp.
Here are 4 key members and their salaries (Ogontz Avenue Revitalization Corp's CEO's salary is $283,902 and their total compensation is $283,902):
- Compensation: $283,902
- 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.oarcphilly.org
Where can I find the form 990 for Ogontz Avenue Revitalization Corp?
Ogontz Avenue Revitalization Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oarcphilly.org
Learn more at the official website: www.oarcphilly.org
Mission Statement of Ogontz Avenue Revitalization Corp
Ogontz Avenue Revitalization Corp, a nonprofit organization, is committed to stimulating sustainable economic development in the West Oak Lane and other neighborhoods within the northwest section of Philadelphia. They achieve this goal by employing innovative and creative strategies to utilize their available resources. Their mission is to enhance the quality of life for the residents in these areas. They accomplish this by focusing on five key pillars: business and economic development, housing development, community engagement, arts and culture, and greening solutions for sustainable living. The organization takes a holistic approach to community revitalization, aiming to improve the overall well-being of the community. (Source: Ogontz Avenue Revitalization Corp's information provided)
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Impact
October, 2024
Ogontz Avenue Revitalization Corp has a significant impact on the local community by fostering sustainable economic development and enhancing the quality of life for residents in West Oak Lane and surrounding neighborhoods. By employing a holistic approach to community revitalization, the organization addresses various aspects of community health and prosperity through its five pillars: business and economic development; housing development; community engagement; arts and culture; and greening solutions for sustainable living.
The focus on business and economic development stimulates local entrepreneurship and job creation, leading to a more vibrant and economically stable community. Housing development initiatives ensure that residents have access to safe, affordable housing, contributing to overall community stability. Community engagement fosters a strong sense of belonging and collaboration among residents, encouraging active participation in local decision-making.
Additionally, the emphasis on arts and culture enriches the community's identity and promotes creative expression, while greening solutions advocate for sustainable practices that benefit the environment and enhance public spaces. Overall, Ogontz Avenue Revitalization Corp's multifaceted efforts create a transformative impact, making the community a better place to live, work, and thrive.
This information is meant to be a general summary of Ogontz Avenue Revitalization Corp. 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.
- Investment Income: $111
- Program Service Revenue: $2,238,929
- Gross Receipts: $2,243,490
Assets and Liabilities:
- Total Assets: $16,606,131
- Total Liabilities: $8,138,397
- Net Assets: $8,467,734
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEE AND RENTAL INCOME
Revenue
$2,238,929
Organization Details
Founding Year
1983
Phone
(215) 927-5010Principal Officer
Kimberly Lloyd
Main Address
2502 West Cheltenham Avenue, Philadelphia, PA, 19150
Website
www.oarcphilly.orgNTEE Category
Code: S31 - Community improvement
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