Overview
What is Onondaga Civic Development Corporation?
The Onondaga Civic Development Corporation, situated in Syracuse, New York, serves as a catalyst for economic growth within Onondaga County. Their mission encompasses supporting the local government, businesses, and non-profit corporations, acting as a problem-solving facilitator with its flexible and efficient statutory powers. The organization employs financial and policy incentives to stimulate economic development, lessen governmental burdens, foster job creation and retention, promote prosperity, enhance the quality of life for residents, and encourage economic vitality. By providing local, convenient, and economical financing opportunities, Onondaga Civic Development Corporation takes pride in its deep understanding of local economic development chances, adaptability to meet municipal needs, and expeditious response to shifting economic development demands.
Official website here: www.ongoved.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Onondaga Civic Development Corporation has achieved a perfect score of 100%, which reflects its exceptional accountability and financial management practices. This rating is significant as it indicates that the organization adheres to high standards in governance and transparency, contributing to its credibility and trustworthiness among donors and stakeholders.
One of the key strengths of the organization is its fully independent board, consisting of six members, which enhances the integrity of its decision-making processes. The absence of any material diversion of assets further underscores its commitment to utilizing funds solely for its designated programs. Additionally, the organization maintains robust policies regarding conflict of interest, whistleblower protections, and document retention, ensuring a solid framework for ethical operations.
However, while the financial indicators are strong, it is worth noting that the rating is based solely on one aspect of its performance - the accountability and finance beacon. This singular focus may not provide a comprehensive view of the organization's overall impact and effectiveness in fulfilling its mission. Nonetheless, the 100% program expense ratio signifies that all expenditures are directed towards its programs, highlighting its dedication to maximizing the use of contributed resources.
This AI summary has been generated from information found on Charity Navigator.
Is Onondaga Civic Development Corporation legitimate?
Onondaga Civic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onondaga Civic 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:
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For more financial information, click here
Official website here: www.ongoved.com
What is the mission statement of Onondaga Civic Development Corporation?
The Onondaga Civic Development Corporation serves as a support system for the local government, businesses, and non-profit organizations in its area. It functions as a facilitator of solutions for governmental issues, utilizing its flexible and efficient statutory powers. The corporation utilizes available financial and policy incentives to stimulate economic growth, lessen the burdens of government, promote job creation and retention, generate prosperity, improve the quality of life of residents, and encourage economic vitality. The Onondaga Civic Development Corporation takes pride in its understanding of local economic development opportunities, its flexibility to meet municipal needs, and its fast response to ever-changing economic development demands. It strives to provide local, convenient, and economical financing opportunities for its constituents.
Official website here: www.ongoved.com
Who is the CEO of Onondaga Civic Development Corporation?
Robert Petrovich is the Director of Onondaga Civic Development Corporation. The CEO's salary of Onondaga Civic Development Corporation is $0 and their total compensation is $0.
Official website here: www.ongoved.com
What is the revenue of Onondaga Civic Development Corporation?
Onondaga Civic Development Corporation's revenue in 2022 was $493,816.
Official website here: www.ongoved.com
Who are the executives of Onondaga Civic Development Corporation and what are their salaries?
Here are 10 key members and their salaries (Onondaga Civic Development Corporation's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.ongoved.com
Where can I find the form 990 for Onondaga Civic Development Corporation?
Onondaga Civic Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ongoved.com
Learn more at the official website: www.ongoved.com
Mission Statement of Onondaga Civic Development Corporation
The Onondaga Civic Development Corporation, a non-profit organization, is committed to supporting the local government, businesses, and not-for-profit corporations in Onondaga County. Acting as a facilitator of solutions for governmental problems, the corporation leverages its flexible and efficient statutory powers and available financial and policy incentives to stimulate economic growth. Its mission is to lessen the burdens of government, promote job creation and retention, generate prosperity, improve the quality of life for residents, and encourage economic vibrancy in the county. The Onondaga Civic Development Corporation takes pride in its understanding of local economic development opportunities, its flexibility to meet municipal needs, and its swift response to ever-changing economic development demands. Its goal is to provide local, convenient, and economical financing opportunities for its constituents in Onondaga County.
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Impact
July, 2024
The Onondaga Civic Development Corporation's impact is centered around providing economic development opportunities throughout Onondaga County. By supporting the county government, businesses, and not-for-profit corporations, OCDC serves as a facilitator of solutions for governmental problems through its flexible and efficient statutory powers. The organization utilizes available financial and policy incentives to stimulate economic growth, lessen the burdens of government, promote job creation and retention, generate prosperity, improve the quality of life of residents, and encourage economic vibrancy in the region. OCDC also aims to provide local, convenient, and economical financing opportunities for its constituents in Onondaga County, showcasing its understanding of local economic development opportunities, flexibility to meet municipal needs, and ability to respond rapidly to ever-changing economic development demands.
This information is meant to be a general summary of Onondaga Civic 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.
- Investment Income: $411,045
- Program Service Revenue: $58,481
- Gross Receipts: $541,158
Assets and Liabilities:
- Total Assets: $1,478,890
- Total Liabilities: $97,987
- Net Assets: $1,380,903
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT FEES
Revenue
$58,481
Organization Details
Founding Year
2009
Phone
(315) 435-3770Principal Officer
Robert Petrovich
Main Address
335 MONTGOMERY STREET 2ND FLOOR, SYRACUSE, NY, 13202
Website
www.ongoved.comNTEE Category
Code: S20 - Community improvement
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