Omaha Economic Development Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 470597743 ✦ Omaha, NE ✦ Designated as a 501(c)(3)

Overview

What is Omaha Economic Development Corporation?

The Omaha Economic Development Corporation, situated in Omaha, Nebraska, serves as a nonprofit organization with a mission to stimulate economic growth and development. They achieve this by executing projects, promoting housing, and facilitating community revitalization initiatives. The primary focus of their activities is to generate employment opportunities, foster business ownership, and overall, enhance economic benefits for the local community. One of their key roles involves managing affordable housing units, which are primarily rented to families with moderate to low income levels.


Official website here: www.omahaeconomic.com

Is Omaha Economic Development Corporation legitimate?

Omaha Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Omaha Economic 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $634,448

For more financial information, click here


Official website here: www.omahaeconomic.com

What is the mission statement of Omaha Economic Development Corporation?

The Omaha Economic Development Corporation's mission is centered around implementing economic development projects, housing initiatives, and community revitalization programs. The primary objective is to create job opportunities, foster business ownership, and provide various economic benefits for the local community's residents. Their activities extend to managing affordable housing units, which are rented out to families with moderate to low incomes.


Official website here: www.omahaeconomic.com

Who is the CEO of Omaha Economic Development Corporation?

Michael Maroney is the Chair of Omaha Economic Development Corporation.


Official website here: www.omahaeconomic.com

What is the revenue of Omaha Economic Development Corporation?

Omaha Economic Development Corporation's revenue in 2022 was $5,224,740.


Official website here: www.omahaeconomic.com

Who are the executives of Omaha Economic Development Corporation and what are their salaries?

Here are 9 key members and their salaries:

    Michael B Maroney (President)
  • Compensation: $173,649
  • Related: $0
  • Other: $0

    • Cort Bonner (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ernest Jwhite (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Pierce (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brenda Council (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patricia Tooles-Dyer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alisa Parmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Beverly (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alisa Parmer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.omahaeconomic.com

    Where can I find the form 990 for Omaha Economic Development Corporation?

    The Omaha Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.omahaeconomic.com

    Learn more at the official website: www.omahaeconomic.com

    Mission Statement of Omaha Economic Development Corporation

    The Omaha Economic Development Corporation (OEDC) is an organization dedicated to implementing economic development projects, housing, and community revitalization programs. Its mission is geared towards creating job opportunities, fostering business ownership, and providing various economic benefits for the local community's residents. By implementing these initiatives, OEDC aims to improve the overall economic well-being of the area's low and moderate-income families. One of the ways OEDC achieves this is through the property management of affordable housing units, which are rented out to these families in need.

    Impact

    This information is meant to be a general summary of Omaha Economic Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    Omaha Economic Development Corporation's impact can be seen in the revitalization and improvement of the Omaha community through economic development projects and affordable housing initiatives. By managing affordable housing units and renting them to low and moderate-income families, OEDC is directly contributing to the well-being of residents. Additionally, their focus on creating job opportunities and promoting business ownership in the area further enhances economic benefits for the community. Overall, OEDC plays a crucial role in promoting community improvement and fostering economic growth in Omaha.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,008
  • Program Service Revenue: $2,770,864
  • Gross Receipts: $5,224,740

    • Assets and Liabilities:
  • Total Assets: $19,560,233
  • Total Liabilities: $7,428,514
  • Net Assets: $12,131,719
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $2,770,864

    Organization Details

    Founding Year

    1977

    Principal Officer

    Michael Maroney

    Main Address

    2221 N 24TH STREET 200, OMAHA, NE, 68110

    NTEE Category

    Code: S30 - Community improvement

    If you are a representative of Omaha Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.