Overview
What is Ohio Regional Development Corp?
Ohio Regional Development Corp is a nonprofit organization situated in Coshocton, Ohio. Their primary mission revolves around assisting in community development projects, with a special focus on benefiting low-income segments. These projects include utility improvements in designated areas and housing enhancements within the service area. The corporation, employing 21 individuals, strives to contribute positively to the local community, providing essential services and fostering a sense of improvement and growth.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
The Ohio Regional Development Corp has received a Three-Star rating from Charity Navigator, reflecting a solid score of 82%. This rating is derived entirely from its Accountability & Finance metrics, highlighting the organization’s commitment to maintaining transparency and fiscal responsibility.
The organization boasts a high percentage of independent board members, with 66% of its board being independent, which contributes to its effective governance. Additionally, the financial health of the organization is commendable, with a low liabilities-to-assets ratio of 21.83% and a program expense ratio of 80.92%, indicating that a significant portion of its expenses is directed towards fulfilling its mission.
While the charity shows strong accountability practices, these ratings are based solely on financial metrics and do not take into account other aspects such as impact or community feedback. Prospective donors may want to consider these factors alongside the financial ratings when evaluating the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Ohio Regional Development Corp legitimate?
Ohio Regional Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ohio Regional Development 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: $114,902
Professional Fundraising Fees: $0
Other Salaries and Wages: $645,437
For more financial information, click here
What is the mission statement of Ohio Regional Development Corp?
The Ohio Regional Development Corp is committed to assisting in community development projects primarily aimed at benefiting low-income segments. Their mission involves implementing utility improvements in low and moderate income family areas of their service region, and enhancing housing conditions within the area. In essence, their goal is to contribute to the betterment of underprivileged communities through various development projects.
What is the revenue of Ohio Regional Development Corp?
Ohio Regional Development Corp's revenue in 2023 was $1,270,711.
Who are the executives of Ohio Regional Development Corp and what are their salaries?
The average compensation at Ohio Regional Development Corp during 2023 was $30,414. There are 25 employees at Ohio Regional Development Corp.
Here are 7 key members and their salaries:
- Compensation: $114,901
- Related: $0
- Other: $0
- Compensation: $84,591
- Related: $0
- Other: $0
- Compensation: $17,656
- 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
Where can I find the form 990 for Ohio Regional Development Corp?
Ohio Regional Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ohio Regional Development Corp
The Ohio Regional Development Corp is committed to assisting in community development projects primarily aimed at benefiting low-income segments. This nonprofit organization focuses on implementing utility improvements and housing enhancements in the areas inhabited by low and moderate-income families, thereby contributing to the betterment of these communities.
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Impact
October, 2024
Ohio Regional Development Corp significantly impacts low-income communities by implementing vital utility improvements and housing enhancements within its service areas. Based in Coshocton, Ohio, the organization focuses on community development projects that specifically benefit low and moderate-income families. By addressing essential infrastructure needs and improving housing conditions, Ohio Regional Development Corp plays a crucial role in enhancing the quality of life for residents, fostering economic stability, and promoting sustainable community growth. Through its dedicated efforts, the organization not only meets immediate needs but also lays the groundwork for long-term prosperity in underserved areas.
This information is meant to be a general summary of Ohio Regional Development 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 2023.
- Investment Income: $3,294
- Gross Receipts: $1,270,711
Assets and Liabilities:
- Total Assets: $893,314
- Total Liabilities: $195,055
- Net Assets: $698,259
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Organization Details
Founding Year
1995
Principal Officer
Dale Hartle
NTEE Category
Code: L21 - Housing
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