Overview
What is Omega Homes Inc?
Omega Homes Inc, based in Hope, Arkansas, is a nonprofit organization dedicated to serving ten individuals with intellectual disabilities. Their mission, as expressed, is to uncover opportunities that can positively impact lives, going above and beyond to ensure success. Specifically, they provide intermediate care services to these individuals, offering them support and resources to lead fulfilling lives. The organization's exact location is indicated by its PO Box address.
Official website here: www.rocooh.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Omega Homes Inc has received an 81% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects a strong commitment to transparency and effective management, derived entirely from the Accountability & Finance beacon. The organization demonstrates robust governance practices, including a fully independent board and detailed financial oversight.
Strengths include a high program expense ratio of 99.23%, ensuring that the majority of funds are directed toward its mission. The organization maintains several strong policies, such as conflict of interest and whistleblower policies, which contribute to its overall integrity and governance. The financial oversight aspects are notably well-handled, with no material diversion of assets reported and an effective audit process in place.
While the financial management appears commendable, some may question the relatively high salaries for certain key personnel, particularly in comparison to the nonprofit sector's standards. However, given the high percentage of program expenses, it seems that the organization's investments are primarily channeling resources towards its operational goals.
This AI summary has been generated from information found on Charity Navigator.
Is Omega Homes Inc legitimate?
Omega Homes Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omega Homes Inc 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.
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For more financial information, click here
Official website here: www.rocooh.org
What is the mission statement of Omega Homes Inc?
Omega Homes Inc's mission, as stated, is centered around discovering opportunities that can positively impact lives, going to great lengths to achieve this goal. The organization's primary focus is to provide intermediate care services for individuals with intellectual disabilities, demonstrating a commitment to supporting this specific community.
Official website here: www.rocooh.org
Who is the CEO of Omega Homes Inc?
Dennis Ramsey is the President of Omega Homes Inc.
Official website here: www.rocooh.org
What is the revenue of Omega Homes Inc?
Omega Homes Inc's revenue in 2022 was $869,079.
Official website here: www.rocooh.org
Who are the executives of Omega Homes Inc and what are their salaries?
Here are 11 key members and their salaries:
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Official website here: www.rocooh.org
Where can I find the form 990 for Omega Homes Inc?
Omega Homes Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rocooh.org
Learn more at the official website: www.rocooh.org
Mission Statement of Omega Homes Inc
Omega Homes Inc is committed to uncovering prospects that ignite lives, going above and beyond in its mission. In a proactive approach, the organization aims to discover opportunities that serve as a source of inspiration for ten individuals with intellectual disabilities. The primary focus of Omega Homes Inc is to provide intermediate care services, ensuring that the individuals under its care are able to lead fulfilling lives. The organization's mission is grounded in the belief that every individual deserves the chance to thrive and reach their full potential, regardless of their abilities. By providing expert care and support, Omega Homes Inc plays a crucial role in empowering individuals with intellectual disabilities, enabling them to live independently and participate in their communities.
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Impact
July, 2024
Omega Homes Inc's impact can be seen in the provision of intermediate care services for ten individuals with intellectual disabilities in the city of HOPE, Arkansas. By discovering opportunities that inspire lives and providing the necessary care and support, Omega Homes Inc is making a direct and meaningful difference in the lives of these individuals, ensuring that they have access to the resources and services they need to thrive.
This information is meant to be a general summary of Omega Homes Inc. 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: $2,888
- Program Service Revenue: $830,056
- Gross Receipts: $869,079
Assets and Liabilities:
- Total Assets: $240,310
- Total Liabilities: $311,097
- Net Assets: -$70,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Medicaid Housing Support
Revenue
$830,056
Organization Details
Founding Year
1989
Phone
(870) 777-4501Principal Officer
Dennis Ramsey
Main Address
PO Box 1540, Hope, AR, 71802
Website
www.rocooh.orgNTEE Category
Code: P73Z - Human services
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