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Opa Locka Community Dev Corporation

Ten North Group

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

EIN: 592106635 ✦ Opa locka, FL ✦ Designated as a 501(c)(3)

Overview

What is Opa Locka Community Dev Corporation?

The Opa Locka Community Development Corporation (OLCDC) is a nonprofit organization based in Opa Locka, Florida. With a mission to revitalize under-resourced communities, they focus on providing affordable housing and economic opportunities. Through their efforts, they have rehabilitated homes for very low and moderate income families and developed multi-family rental units. Additionally, they have attracted job opportunities and leased commercial space. OLCDC's ultimate goal is to transform neighborhoods by enhancing access to essential services such as health, education, safety, and art.


Is Opa Locka Community Dev Corporation legitimate?

Opa Locka Community Dev Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Opa Locka Community Dev 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: $5,057,107

For more financial information, click here


What is the mission statement of Opa Locka Community Dev Corporation?
Who is the CEO of Opa Locka Community Dev Corporation?
What is the revenue of Opa Locka Community Dev Corporation?
Who are the executives of Opa Locka Community Dev Corporation and what are their salaries?

The average compensation at Opa Locka Community Dev Corporation during 2022 was $194,504. There are 26 employees at Opa Locka Community Dev Corporation.

Here are 24 key members and their salaries (Opa Locka Community Dev Corporation's CEO's salary is $0 and their total compensation is $0):


Where can I find the form 990 for Opa Locka Community Dev Corporation?

Mission Statement of Opa Locka Community Dev Corporation

The Opa Locka Community Development Corporation (OLCDC) is a dedicated nonprofit organization that strives to revitalize underprivileged communities by enhancing their access to essential resources and fostering engaging neighborhoods. OLCDC's mission lies in transforming under-resourced areas into desirable and vibrant communities, focusing on aspects such as health, education, employment, art, safety, and affordable housing.

Through its various initiatives, OLCDC rehabilitates homes for families with very low and moderate incomes. These efforts contribute to the provision of safe, comfortable living environments, setting the foundation for a thriving community. In addition to home rehabilitation, OLCDC develops multi-family rental units designed for those with very low and moderate incomes, expanding the availability of affordable housing options for residents.

OLCDC's economic projects are another crucial aspect of its mission. By leasing commercial space, OLCDC attracts job opportunities within the community, creating a local economy that offers employment to its residents and facilitates their self-sufficiency. The organization's multifaceted approach to community development ensures not only the physical improvement of living conditions but also the economic growth and overall well-being of the population it serves.

Impact

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




Thursday, August 15, 2024

Opa Locka Community Dev Corporation has significantly impacted under-resourced communities in Opa Locka, Florida by transforming them into vibrant, desirable, and engaged neighborhoods. They have improved access to health, education, employment, art, safety, and affordable housing for residents. Through their efforts, they have rehabilitated homes for very low and moderate-income families, developed multi-family rental units for those in need, and created economic projects that have led to the leasing of commercial space and increased job opportunities in the area. Their work has not only provided much-needed housing and economic opportunities but has also helped in revitalizing and strengthening the community as a whole.





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: $271,898
  • Program Service Revenue: $464,850
  • Gross Receipts: $40,753,537

    • Assets and Liabilities:
  • Total Assets: $117,880,887
  • Total Liabilities: $57,140,315
  • Net Assets: $60,740,572
  • Programs

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

    Developer Fees

    Revenue

    $148,615

    Distribution Income

    Revenue

    $316,235

    Organization Details

    Founding Year

    1981

    Principal Officer

    Willie F Logan

    Main Address

    490 Opa Locka Blvd, Opa Locka, FL, 33054

    NTEE Category

    Code: S20 - Community improvement

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