Oakmont Community Development Corporation
- Assets
- $113.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Norfolk, VA
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 54-1884569
Organization Overview
Oakmont Community Development Corporation is located in Norfolk, VA. The organization was established in 1998. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oakmont Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Oakmont Community Development Corporation generated $164.1k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $114.1k during the year ending 12/2022. While expenses have increased by 8.1% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THE OAKMONT COMMUNITY DEVELOPMENT CORPORATION PROVIDES PROGRAMS AND SERVICES THAT ASSIST COMMUNITY RESIDENTS TOWARD A STATE OF SELF EMPLOYMENT. IT ALSO FUNCTIONS TO FOSTER THE EDUCATIONAL, SOCIAL AND ECONOMIC WELL-BEING OF THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Redd-Nelson Chairman | 1 | $0 | |
Cynthia Norris Secretary | 1 | $0 | |
Gladys Owens Vice Chairman | 1 | $0 | |
Barbara Pendleton Board Member | 0 | $0 | |
Jan Harris Treasurer | 1 | $0 | |
Jan Harris Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $33,330 |
| Total Program Service Revenue | $130,728 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $164,058 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,031 |
| Professional fees and other payments to independent contractors | $528 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $86,498 |
| Total expenses | $114,057 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,155 |
| Other assets | $0 |
| Total assets | $113,354 |
| Total liabilities | $25,057 |
| Net assets or fund balances | $88,297 |