Overview
What is Opportunity Communities Llc?
Opportunity Communities LLC, headquartered in Chelsea, Massachusetts, is a charitable organization that combines local control and community reinvestment with the operational efficiency and effectiveness of a larger entity. By leveraging shared administration, financial management, human resources, operations, data and evaluation, and programmatic capacity in areas such as real estate development, asset management, and tenant services, Opportunity Communities LLC aims to address a fundamental structural challenge and benefit from economies of scale. With a workforce of 37 individuals, this innovative nonprofit model contributes to the betterment of the community by continuously reinvesting resources and assets back into its locality.
Official website here: www.oppcommunities.org
What are the reviews and ratings of this charity?
**Rating from Charity Navigator: Two Stars (Needs Improvement)**
Opportunity Communities LLC has received a Two-Star out of Four Star rating from Charity Navigator, indicating significant room for improvement in its accountability and financial practices. While the organization boasts a strong independent board and has effective policies in place, such as conflict of interest and whistleblower policies, it fails to provide required financial statements and has too high a liabilities-to-assets ratio, which raises concerns about financial stability.
The organization has a commendable program expense ratio at over 70%, suggesting that a large portion of its expenditures goes towards its programs. However, the absence of comprehensive financial information has hindered its rating. Additionally, it has not been scored for impact, measurement, or overall organizational culture, which are crucial factors for evaluating long-term effectiveness and sustainability.
Unfortunately, user reviews from GreatNonprofits could not be retrieved, limiting a deeper understanding of community sentiment and experiences with Opportunity Communities LLC. Overall, potential donors and stakeholders should weigh these strengths and weaknesses carefully.
This AI summary has been generated from information found on Charity Navigator.
Is Opportunity Communities Llc legitimate?
Opportunity Communities Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opportunity Communities Llc 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: $422,743
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,385,293
For more financial information, click here
Official website here: www.oppcommunities.org
What is the mission statement of Opportunity Communities Llc?
Opportunity Communities LLC (OppCo) operates with a charitable mission, introducing a novel business model that addresses a fundamental challenge. This model enables local communities to maintain control over their resources and assets, continually reinvesting them back into the community. By doing so, OppCo benefits from the operational efficiency and effectiveness of a larger-scale entity. The goal is to improve the community's well-being while retaining its unique identity and character.
Official website here: www.oppcommunities.org
Who is the CEO of Opportunity Communities Llc?
Ann Houston is the President of Opportunity Communities Llc. The CEO's salary of Opportunity Communities Llc is $175,132 and their total compensation is $215,811.
Official website here: www.oppcommunities.org
What is the revenue of Opportunity Communities Llc?
Opportunity Communities Llc's revenue in 2021 was $6,991,638.
Official website here: www.oppcommunities.org
Who are the executives of Opportunity Communities Llc and what are their salaries?
The average compensation at Opportunity Communities Llc during 2021 was $102,920. There are 37 employees and 7 volunteers at Opportunity Communities Llc.
Here are 20 key members and their salaries (Opportunity Communities Llc's CEO's salary is $175,132 and their total compensation is $215,811):
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- Compensation: $175,132
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- Other: $40,679
- Compensation: $160,000
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- Compensation: $165,000
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- Compensation: $168,000
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- Other: $23,912
- Compensation: $168,000
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- Other: $25,374
- Compensation: $146,000
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- Other: $35,006
- Compensation: $124,000
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- Other: $35,293
Official website here: www.oppcommunities.org
Where can I find the form 990 for Opportunity Communities Llc?
Opportunity Communities Llc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.oppcommunities.org
Learn more at the official website: www.oppcommunities.org
Mission Statement of Opportunity Communities Llc
Opportunity Communities LLC, or OPPCO, is a charitable organization that operates under a unique and innovative business model. Its mission is primarily focused on addressing a fundamental structural challenge: maintaining local control over resources and assets, while simultaneously benefiting from the efficiency and effectiveness of a larger scale entity. By retaining control of these resources and assets, OPPCO ensures that they are continually reinvested back into the community, thereby contributing to its overall development and betterment. This approach allows OPPCO to leverage the advantages of a larger entity, while still maintaining a strong connection to and commitment towards its local community.
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Impact
July, 2024
Opportunity Communities Llc's impact lies in its innovative business model that addresses the challenge of retaining local control of resources and assets while benefiting from the efficiency of a larger-scale entity. Through shared administration and programmatic capacity, OPPCO provides management services that benefit its members in areas like financial management, human resources, operations, data evaluation, real estate development, asset management, and tenant services. By reinvesting resources back into the community, Opportunity Communities Llc contributes to community improvement and sustainability in Chelsea, MA.
This information is meant to be a general summary of Opportunity Communities Llc. 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 2021.
- Investment Income: $66
- Program Service Revenue: $5,981,525
- Gross Receipts: $6,991,638
Assets and Liabilities:
- Total Assets: $1,253,175
- Total Liabilities: $1,225,176
- Net Assets: $27,999
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT SERVICE FEE
Revenue
$5,810,746
CONSULTING SERVICES
Revenue
$170,779
Organization Details
Founding Year
2017
Phone
(617) 545-8309Principal Officer
Ann Houston
Main Address
4 GERRISH AVE, CHELSEA, MA, 02150
Website
www.oppcommunities.orgNTEE Category
Code: S20 - Community improvement
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