Nonprofit · EIN 22-2721731
OMNI DEVELOPMENT CORPORATION
Tax-exempt · PROVIDENCE, RI 02905
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,111,804 | $3,976,554 | $135,250 | $56,453,106 | $15,878,547 | $40,574,559 |
| December 31, 2023 | 990 | $4,533,496 | $3,543,422 | $990,074 | $55,031,809 | $15,919,397 | $39,112,412 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $50,214
- of which government grants
- $50,214
- Program service revenue
- $2,949,628
- Investment income
- $1,111,962
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $164,731
- Other salaries and wages
- $639,634
- Salaries, compensation and benefits (total)
- $1,077,897
- Professional fundraising fees
- $0
- Legal fees
- $28,857
- Accounting fees
- $47,749
- Occupancy
- $533,263
- Travel
- $4,498
- Depreciation
- $570,961
- Program services (functional)
- $3,960,232
- Management and general (functional)
- $16,322
Balance sheet and other
- Total assets, start of year
- $55,031,809
- Total assets, end of year
- $56,453,106
- Total liabilities, end of year
- $15,878,547
- Net assets, end of year
- $40,574,559
- Land, buildings and equipment
- $9,288,262
- Net assets without donor restrictions
- $37,044,297
- Net assets with donor restrictions
- $3,530,262
- Gross receipts
- $4,111,804
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1986
- State of legal domicile
- RI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHARON MORRIS | EXECUTIVE DIRECTOR Trustee or director | 40 | $164,731 | $55,042 |
| JUDGE EDWARD C CLIFTON | CHAIR PERSON Trustee or director, Officer | 1 | $0 | $0 |
| JUDGE KEITH CARDOZA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN NAPOLITANO ESQ | MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT BROOKS | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN LOPES | MEMBER Trustee or director | 1 | $0 | $0 |
| LAWRENCE BROWN CPA | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| LESLIE BUNNELL | MEMBER Trustee or director | 1 | $0 | $0 |
| SIMONE N TUBMAN ESQ | MEMBER Trustee or director | 1 | $0 | $0 |
| MOISE BOURDEAU | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SHARON MORRIS | EXECUTIVE DIRECTOR Trustee or director | 40 | $153,480 | $56,595 |
| EDWARD C CLIFTON | CHAIR PERSON Trustee or director, Officer | 1 | $0 | $0 |
| JUDGE KEITH CARDOZA | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| SCOTT SLATER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| STEPHEN NAPOLITANO ESQ | MEMBER Trustee or director | 1 | $0 | $0 |
| ROBERT BROOKS | MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN LOPES | MEMBER Trustee or director | 1 | $0 | $0 |
| LAWRENCE BROWN CPA | MEMBER Trustee or director | 1 | $0 | $0 |
| LESLIE BUNNELL | MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 810 EDDY ST, PROVIDENCE, RI 02905-4808
- Principal officer (990 for 2024)
- SHARON MORRIS, 810 EDDY STREET, PROVIDENCE, RI 02905
- Signed the 990
- SHARON MORRIS, EXECUTIVE DIRECTOR
- Phone
- (401) 461-4442
- Website
- WWW.OMNIDEVELOPMENTCORP.COM
- Return prepared by
- CITRIN COOPERMAN ADVISORS LLC
Mission
DEVELOPING LOW INCOME HOUSING FOR INDIVIDUALS AND FAMILIES INCLUDING SENIOR CITIZENS AND VETERANS IN UNDERSERVED COMMUNITIES IN RI, CT AND MA.
Program accomplishments
- CONSTRUCT, REHABILITATE, DEVELOP, SELL AND MANAGE LOW-INCOME HOUSING FOR LOW-INCOME INDIVIDUALS, FAMILIES, SENIOR CITIZENS AND VETERANSExpenses $3,960,232 · revenue $4,061,590
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 22-2721731
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1986
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20Z)
- Assets (IRS master file)
- $56,453,106
- Income (IRS master file)
- $4,111,804
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,111,804 | $3,976,554 | $56,453,106 | XML |
| 990 | December 2023 | $4,533,496 | $3,543,422 | $55,031,809 | XML |
| 990 | December 2022 | $3,396,747 | $3,131,708 | $46,681,745 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 22-2721731).
Questions about OMNI DEVELOPMENT CORPORATION
- What is the EIN of OMNI DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of OMNI DEVELOPMENT CORPORATION is 22-2721731.
- Is OMNI DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1986.
- Are donations to OMNI DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OMNI DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OMNI DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OMNI DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of OMNI DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names SHARON MORRIS.
- Who are the officers and directors of OMNI DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $164,731 (SHARON MORRIS, EXECUTIVE DIRECTOR).
- How much revenue does OMNI DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,111,804, expenses of $3,976,554 and total assets of $56,453,106 at year end.
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All nonprofits in PROVIDENCE · Rhode Island · Housing and shelter