L โ€” Housing & ShelterEIN: 222721731ยท Ruling Year: 1986

Omni Development Corporation

Providence, Rhode Island

B+Health Score
73B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$4.5M
Total Revenue
๐Ÿ“Š
$3.5M
Total Expenses
๐Ÿฆ
$39.1M
Net Assets
๐Ÿ“‹
$15.9M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+33.5%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+21.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
11.04
Net assets divided by total expenses
Liabilities-to-Assets
28.9%
Total liabilities as % of total assets

Filing History

14 filings on record
YearRevenueExpensesAssets
2023$4,533,496โ†‘33%$3,543,422โ†‘13%$55,031,809โ†‘18%
2022$3,396,747โ†“42%$3,131,708โ†“5%$46,681,745
2021$5,884,329โ†‘29%$3,280,841โ†‘6%$46,472,629โ†‘5%
2020$4,572,211โ†“84%$3,091,878โ†“7%$44,319,328โ†‘3%
2019$28,017,023โ†‘789%$3,338,018โ†‘8%$43,015,890โ†‘183%
2018$3,151,688โ†“33%$3,085,074โ†“6%$15,216,012โ†“5%
2017$4,695,725โ†‘101%$3,273,077โ†‘41%$16,041,628โ†‘19%
2016$2,331,534โ†“29%$2,318,244โ†“21%$13,439,673โ†‘10%
2015$3,303,142โ†“4%$2,939,530โ†‘7%$12,162,803โ†“12%
2014$3,451,980โ†“16%$2,755,220โ†“1%$13,841,863โ†‘23%
2013$4,105,286โ†‘17%$2,775,672โ†“17%$11,241,261โ†“8%
2012$3,518,515โ†‘29%$3,337,202โ†‘17%$12,242,115โ†‘7%
2011$2,719,135โ†“29%$2,859,034โ†‘54%$11,460,803โ†‘22%
2010$3,851,641$1,861,328$9,400,973

Frequently Asked Questions

What does Omni Development Corporation do?โ–ผ

Omni Development Corporation is a housing & shelter nonprofit organization based in Rhode Island. It is classified under NTEE code L20Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Omni Development Corporation financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Omni Development Corporation has a score of 73/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Omni Development Corporation generate?โ–ผ

Omni Development Corporation reports $4.1M in annual revenue and holds $56.5M in total assets, based on IRS filings.

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Omni Development Corporation โ€” Providence, RI | GiveScope