Overview
What is Southern Ohio Diversification Initiative?
The Southern Ohio Diversification Initiative (SODI) is a community reuse organization based in Piketon, Ohio. Its primary mission is to enhance the quality of life in Pike, Scioto, Ross, and Jackson counties by promoting economic diversification, developing underutilized land and facilities on the Portsmouth Department of Energy reservation, and providing ongoing support to the local industry. The organization, which employs four individuals, aims to revitalize the region by reusing resources from the closed Portsmouth Gaseous Diffusion Plant, thereby contributing to the overall betterment of the local community.
Official website here: www.sodidevelopment.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Southern Ohio Diversification Initiative holds a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The organization has shown robust financial oversight, evidenced by a perfect score in several areas, including material diversion of assets and conflict of interest policies. Their commitment to transparency is reflected in their comprehensive documentation practices.
Strengths of the organization include a 100% program expense ratio, signifying that all funds are directed towards their programs. Additionally, they have a well-documented set of policies for whistleblowing, conflict of interest, and document retention, which enhances their operational integrity. The overall financial health appears stable, with a reasonable liabilities-to-assets ratio.
While the rating is commendable, it is based solely on accountability and finance metrics. This focus means that aspects such as program impact and effectiveness are not assessed in this score. Therefore, while Southern Ohio Diversification Initiative demonstrates commendable financial practices, further information about their programmatic outcomes would provide a more holistic view of their effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Southern Ohio Diversification Initiative legitimate?
Southern Ohio Diversification Initiative is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southern Ohio Diversification Initiative 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: $72,842
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,125
For more financial information, click here
Official website here: www.sodidevelopment.org
What is the mission statement of Southern Ohio Diversification Initiative?
The Southern Ohio Diversification Initiative, a community reuse organization, strives to enhance the quality of life in unspecified counties by promoting economic diversification. One of their key objectives is the development of underutilized land and facilities on the Portsmouth Department of Energy Reservation. In addition, they provide ongoing support to local industries to achieve their mission. Essentially, their mission is centered around improving the community's economic and social well-being through strategic development projects.
Official website here: www.sodidevelopment.org
Who is the CEO of Southern Ohio Diversification Initiative?
Steve Shepherd is the Attorney of Southern Ohio Diversification Initiative.
Official website here: www.sodidevelopment.org
What is the revenue of Southern Ohio Diversification Initiative?
Southern Ohio Diversification Initiative's revenue in 2022 was $1,121,212.
Official website here: www.sodidevelopment.org
Who are the executives of Southern Ohio Diversification Initiative and what are their salaries?
The average compensation at Southern Ohio Diversification Initiative during 2022 was $79,492. There are 4 employees at Southern Ohio Diversification Initiative.
Here are 16 key members and their salaries:
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Official website here: www.sodidevelopment.org
Where can I find the form 990 for Southern Ohio Diversification Initiative?
Southern Ohio Diversification Initiative's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sodidevelopment.org
Learn more at the official website: www.sodidevelopment.org
Mission Statement of Southern Ohio Diversification Initiative
The Southern Ohio Diversification Initiative (SODI) is a community-driven organization with a mission to enhance the quality of life in the counties of Pike, Scioto, Ross, and Jackson. By fostering economic diversification, SODI aims to develop underutilized land and facilities on the Portsmouth Department of Energy Reservation, and continues to support local industry. In essence, SODI's purpose is to address the impact of the closing of the Portsmouth Gaseous Diffusion Plant and revitalize the region.
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Impact
June, 2024
The Southern Ohio Diversification Initiative has had a significant impact on the communities of Pike, Scioto, Ross, and Jackson counties. By focusing on economic diversification and utilizing underutilized land and facilities on the Portsmouth Department of Energy Reservation, SODI has helped improve the quality of life in these areas. Their efforts have brought about new opportunities for local industry and have addressed the challenges posed by the closure of the Portsmouth Gaseous Diffusion Plant. Through their community reuse organization, SODI has made a positive difference in driving economic development and supporting the environment in Southern Ohio.
This information is meant to be a general summary of Southern Ohio Diversification Initiative. 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: $4,466
- Program Service Revenue: $1,112,495
- Gross Receipts: $1,121,212
Assets and Liabilities:
- Total Assets: $2,082,537
- Total Liabilities: $1,050,242
- Net Assets: $1,032,295
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES DOE ASSSETS, CFS, IG
Revenue
$1,066,255
RENT INCOME
Revenue
$46,240
Organization Details
Founding Year
1987
Phone
(740) 897-2130Principal Officer
Steve Shepherd
Main Address
PO BOX 517, PIKETON, OH, 45661
Website
www.sodidevelopment.orgNTEE Category
Code: C270 - Environment
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