Overview
What is Omega Community Development Corporation?
Omega Community Development Corporation, located in Dayton, Ohio, is a nonprofit organization that focuses on three key areas of community development: Youth, Family, and Economic Development services. Through their initiatives, they aim to positively transform the northwest Dayton area. The CDF Freedom Schools Program, one of their significant endeavors, offers summer enrichment for children, fostering a love for reading, boosting self-esteem, and promoting positive attitudes towards literacy. This enrichment program encompasses five essential components: academic enrichment, parent involvement, civic engagement, intergenerational leadership development, and nutrition and health support. The organization also actively engages with families and works towards economic development in the community.
Official website here: www.omegacdc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 93% - Four-Star out of Four Star Rating
Omega Community Development Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong financial health and accountability. With a high Accountability & Finance score of 92 and a perfect Leadership & Adaptability score of 100, the organization demonstrates effective management practices and a commitment to transparency. The Program Expense Ratio of 78.77% indicates that a significant portion of its expenditures is directed towards programs rather than administrative costs.
The organization boasts a fully independent board of 18 members, ensuring diverse perspectives and governance. It demonstrates strong financial oversight, as indicated by its perfect score in the Audit and Oversight Committee evaluation and the absence of material diversion of assets. Furthermore, Omega has implemented various policies, such as conflict of interest and whistleblower policies, which enhance its operational integrity.
However, while the organization appears to manage its resources effectively, potential donors might consider looking into the specifics of its program impact as the summary does not provide detailed information on the outcomes of its initiatives. Overall, Omega Community Development Corporation stands out as a reliable and accountable nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Omega Community Development Corporation?
Three individuals have shared their thoughts on Omega Community Development Corporation through Facebook. Here is a summary of their insights:
There’s a strong appreciation for the organization’s dedication to fostering community development, particularly its focus on supporting children. One reviewer emphasized the genuine love and commitment the organization demonstrates toward its community, indicating a positive sentiment around its initiatives.
Although the nonprofit is still establishing itself in terms of formal ratings, the existing comments highlight a promising foundation rooted in compassion and community engagement. This suggests that Omega Community Development Corporation is positioned to make a meaningful impact on the lives of those it serves.
This AI summary has been generated from reviews found on Facebook.
Is Omega Community Development Corporation legitimate?
Omega Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omega 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: $89,381
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,155,379
For more financial information, click here
Official website here: www.omegacdc.org
What is the mission statement of Omega Community Development Corporation?
The Omega Community Development Corporation, with a vision to transform northwest Dayton into a family-oriented community, focuses on three key areas: Youth, Family, and Economic Development services. Their mission is centered around providing comprehensive community development services. One of their significant initiatives is the CDF Freedom Schools Program, which offers summer enrichment aimed at fostering a love for reading in children, boosting self-esteem, and cultivating more positive attitudes towards reading. This program encompasses five essential components, including academic enrichment, parent and family involvement, civic engagement and social action, intergenerational leadership development, and nutrition and health, including mental health.
Official website here: www.omegacdc.org
Who is the CEO of Omega Community Development Corporation?
Vanessa Ward is the Board Chair of Omega Community Development Corporation.
Official website here: www.omegacdc.org
What is the revenue of Omega Community Development Corporation?
Omega Community Development Corporation's revenue in 2022 was $2,711,443.
Official website here: www.omegacdc.org
Who are the executives of Omega Community Development Corporation and what are their salaries?
The average compensation at Omega Community Development Corporation during 2022 was $28,948. There are 43 employees at Omega Community Development Corporation.
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Official website here: www.omegacdc.org
Where can I find the form 990 for Omega Community Development Corporation?
Omega Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.omegacdc.org
Learn more at the official website: www.omegacdc.org
Mission Statement of Omega Community Development Corporation
Omega Community Development Corporation, a community-focused organization, is dedicated to three primary areas of service: Youth, Family, and Economic Development. Their vision is to significantly transform the northwest Dayton community into a thriving, family-oriented area. The corporation's mission is multifaceted, encompassing various programs and initiatives to achieve this goal.
One of Omega's key initiatives is the CDF Freedom Schools Program. This summer enrichment program aims to foster a love for reading among children, boost their self-esteem, and cultivate more positive attitudes towards literacy. Utilizing a model curriculum, the program emphasizes five essential components: high-quality academic enrichment, parent and family involvement, civic engagement and social action, intergenerational leadership development, and nutrition and health, including mental health.
In a nutshell, Omega Community Development Corporation's mission is to uplift and transform its community by investing in its youth, supporting families, and fostering economic development. Their initiatives, such as the CDF Freedom Schools Program, are tailored to address the needs of the community, promoting academic growth, family engagement, and community involvement, ultimately working towards a more vibrant and family-oriented northwest Dayton.
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Impact
October, 2024
Omega Community Development Corporation plays a significant role in enhancing the well-being and prosperity of northwest Dayton through its focused initiatives in youth, family, and economic development. The organization is dedicated to creating a nurturing environment that fosters personal growth and community resilience.
One of the key impacts of Omega CDC is within its CDF Freedom Schools Program, which provides summer enrichment opportunities for children. This program encourages a love for reading while improving self-esteem and building positive attitudes toward education. By employing a model curriculum encompassing high-quality academic enrichment, parent and family involvement, civic engagement, intergenerational leadership development, and a focus on nutrition and health, Omega CDC promotes a holistic approach to child development.
In addition to its emphasis on youth, Omega CDC actively engages families and encourages community involvement to create a supportive network. This strategy not only strengthens individual family units but also fosters a sense of community, empowering residents to participate in social action and civic engagement.
Through its commitment to economic development services, Omega CDC aims to uplift the community economically, providing resources and support that facilitate growth and sustainability. This multifaceted approach ensures that the organization addresses the diverse needs of the community, making strides toward transforming northwest Dayton into a thriving, supportive family environment.
This information is meant to be a general summary of Omega 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: $9,927
- Gross Receipts: $2,711,443
Assets and Liabilities:
- Total Assets: $9,370,350
- Total Liabilities: $4,441,202
- Net Assets: $4,929,148
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition
Revenue
$9,927
Organization Details
Founding Year
1997
Phone
(937) 723-8254Principal Officer
Vanessa Ward
Main Address
1800 Harvard Blvd, Dayton, OH, 45406
Website
www.omegacdc.orgNTEE Category
Code: P20 - Human services
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