NonprofitsOmni Development Corporation

Housing & Shelter

Omni Development Corporation

PROVIDENCE, RI

Total revenue

$4.1M

Total expenses

$4.0M

Net assets

$40.6M

Grants received

$342K

6 grants

EIN

222721731

Tax year

2024

Mission

Omni development corporation is a not for profit community development and planning corporation charged with the revitalization of neighborhoods through the construction of residential and commercial real estate. Omni's mission is to provide the highest quality affordable housing for low to moderate income families.

Financials

FY 2024

Revenue

Contributions & grants$50K
Program service revenue$2.9M
Investment income$1.1M
Other revenue
Total revenue$4.1M

Expenses

Grants paid
Salaries & benefits$1.1M
Fundraising
Other expenses$2.9M
Total expenses$4.0M
Total assets$56.5M
Net assets$40.6M

People

10 listed

NameRoleCompensation

SHARON MORRIS

EXECUTIVE DIRECTOR

Board

$165K

40 hrs/wk

JUDGE EDWARD C CLIFTON

CHAIR PERSON

Board

1 hrs/wk

JUDGE KEITH CARDOZA

SECRETARY

Board

1 hrs/wk

STEPHEN NAPOLITANO ESQ

MEMBER

Board

1 hrs/wk

ROBERT BROOKS

MEMBER

Board

1 hrs/wk

JOHN LOPES

MEMBER

Board

1 hrs/wk

LAWRENCE BROWN CPA

TREASURER

Board

1 hrs/wk

LESLIE BUNNELL

MEMBER

Board

1 hrs/wk

SIMONE N TUBMAN ESQ

MEMBER

Board

1 hrs/wk

MOISE BOURDEAU

MEMBER

Board

1 hrs/wk

Independent contractors

PEZZUCO CONSTRUCTION INC

CONSTRUCTION

$475K

DAVID PRESBREY ARCHITECTS

ARCHITECT

$146K

Grants received

Showing 6 of 6

FromAmountPurposeYear
$75K
GENERAL OPERATING SUPPORT
2022
$54K
OMNI COMMUNITY EMPOWERMENT
2020
$54K
OMNI COMMUNITY EMPOWERMENT
2020
$9K
SUPPORT LOW INCOME HOUSING DEVELOPMENT
2020

Funded by

$342K from 3 funders · 6 grants · 2020–2023

The Rhode Island Community Foundation

$183K · 3 grants · 2020–2022

Local Initiatives Support Corporation

$150K · 2 grants · 2022–2023

National Equity Fund Inc

$9K · 1 grant · 2020

Details

EIN222721731
NTEE codeL20Z
Subsection03
Ruling date1986-12
Formed1986
Employees9
Volunteers0
OMNI DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo