Overview
What is Opa Locka Community Dev Corporation?
The Opa Locka Community Development Corporation (OLCDC) is a nonprofit organization based in Opa Locka, Florida. With a mission to revitalize under-resourced communities, they focus on providing affordable housing and economic opportunities. Through their efforts, they have rehabilitated homes for very low and moderate income families and developed multi-family rental units. Additionally, they have attracted job opportunities and leased commercial space. OLCDC's ultimate goal is to transform neighborhoods by enhancing access to essential services such as health, education, safety, and art.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 90%, Four-Star out of Four Star rating.
Opa Locka Community Development Corporation has achieved an impressive 90% score on Charity Navigator, which signifies strong accountability and financial management. The organization boasts a fully independent board and adheres to strict financial oversight practices, evidenced by their perfect scores in several key accountability areas. With a program expense ratio of 83.27%, it demonstrates a commitment to allocating funds effectively towards its mission.
User feedback highlights the organization's positive impact on the community, particularly in areas such as arts, real estate, education, health, and civic engagement. One reviewer emphasized the nonprofit's significant contributions to North Miami-Dade County, reflecting a broad appreciation for its efforts and outcomes. This indicates that the community recognizes the value of the services provided by the corporation.
While the data does not indicate any significant limitations, the focus on accountability and financial health suggests that the organization is primarily evaluated on its operational integrity and effectiveness. Overall, the Opa Locka Community Development Corporation appears to be a well-respected nonprofit making meaningful contributions to its community.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Opa Locka Community Dev Corporation legitimate?
Opa Locka Community Dev Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opa Locka Community Dev 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,057,107
For more financial information, click here
What is the mission statement of Opa Locka Community Dev Corporation?
The Opa Locka Community Development Corporation strives to revitalize under-resourced communities by enhancing access to essential services and opportunities. Through their mission, they aim to transform neighborhoods into vibrant and desirable places to live. Specifically, they focus on improving access to health, education, employment, art, safety, and affordable housing. The corporation achieves this by rehabilitating homes for low-income families, developing multi-family rental units, and creating economic projects that attract job opportunities. In summary, Opa Locka CDC works to enrich under-resourced communities by addressing their fundamental needs and fostering sustainable development.
Who is the CEO of Opa Locka Community Dev Corporation?
Willie F Logan is the Ceo of Opa Locka Community Dev Corporation. The CEO's salary of Opa Locka Community Dev Corporation is $0 and their total compensation is $0.
What is the revenue of Opa Locka Community Dev Corporation?
Opa Locka Community Dev Corporation's revenue in 2022 was $40,753,537.
Who are the executives of Opa Locka Community Dev Corporation and what are their salaries?
The average compensation at Opa Locka Community Dev Corporation during 2022 was $194,504. There are 26 employees at Opa Locka Community Dev Corporation.
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Where can I find the form 990 for Opa Locka Community Dev Corporation?
Opa Locka Community Dev Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Opa Locka Community Dev Corporation
The Opa Locka Community Development Corporation (OLCDC) is a dedicated nonprofit organization that strives to revitalize underprivileged communities by enhancing their access to essential resources and fostering engaging neighborhoods. OLCDC's mission lies in transforming under-resourced areas into desirable and vibrant communities, focusing on aspects such as health, education, employment, art, safety, and affordable housing.
Through its various initiatives, OLCDC rehabilitates homes for families with very low and moderate incomes. These efforts contribute to the provision of safe, comfortable living environments, setting the foundation for a thriving community. In addition to home rehabilitation, OLCDC develops multi-family rental units designed for those with very low and moderate incomes, expanding the availability of affordable housing options for residents.
OLCDC's economic projects are another crucial aspect of its mission. By leasing commercial space, OLCDC attracts job opportunities within the community, creating a local economy that offers employment to its residents and facilitates their self-sufficiency. The organization's multifaceted approach to community development ensures not only the physical improvement of living conditions but also the economic growth and overall well-being of the population it serves.
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Impact
October, 2024
Opa Locka Community Development Corporation has a significant impact on the transformation of under-resourced neighborhoods into vibrant, engaged communities. By improving access to essential services such as health, education, and employment, the organization enhances the quality of life for residents.
It rehabilitates homes specifically for very low and moderate-income families, ensuring that safe and affordable housing is available. The development of multi-family rental units also provides additional housing options for those in need. Furthermore, the organization initiates economic projects that not only create commercial space for local businesses but also attract job opportunities, fostering economic growth within the community. Overall, Opa Locka CDC plays a crucial role in revitalizing neighborhoods, enhancing safety, and creating a more desirable living environment for residents.
This information is meant to be a general summary of Opa Locka Community Dev 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.
- Investment Income: $271,898
- Program Service Revenue: $464,850
- Gross Receipts: $40,753,537
Assets and Liabilities:
- Total Assets: $117,880,887
- Total Liabilities: $57,140,315
- Net Assets: $60,740,572
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Developer Fees
Revenue
$148,615
Distribution Income
Revenue
$316,235
Organization Details
Founding Year
1981
Principal Officer
Willie F Logan
Main Address
490 Opa Locka Blvd, Opa Locka, FL, 33054
NTEE Category
Code: L20Z - Housing
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