Finances

Financial Information

Current Monthly Expenses

As of second quarter 2018, we pay roughly $12,000/month for various expenses. Prior to the building purchase on December 7th, 2016, our expenses often exceeded $17,000/month, requiring us to borrow over $80K from community members. Once the bulk of these loans have been repaid, we expect our monthly recurring expenses to dip down to a more comfortable $10,000/month - however, these calculations do not include various unexpected costs, such as roof repair, sewer lateral, etc. We are attempting to build a capital reserve fund with a combination of event rental income as well as grants and large donations.

Mortgage

Starting Jan 1st, 2017 we officially stopped paying rent and started paying off a mortgage loan! Our loan is for $975,000 at 5.5% interest, with a balloon payment due Jan 1st, 2021.

• $5,365.61 + 5.5% ($312.28) = $5,677.89/mo

Utilities

• Gas & Electric - ~$1,400/mo
• Water - ~$225/mo
• Garbage & Recycling - $600/mo
• Internet - $165/mo

Insurance

• Directors & Officers Insurance - $178/mo
• General Liability - $285/mo
• Property - $578/mo

Other Expenses

• Community Loans - $51,800 repaid in 2017, $28,000 to be repaid in 2018, and $2,000 in 2019.
• Dues & Subscriptions - ~$80/mo
• Maintenance & Building Supplies - $400/mo

'Total: ~$11,600'

Monthly Income

Revenue from Member Collectives

• Bay Area Public School: 90% of donations received
• Chiapas Support Committee: $200
• Counter Culture Labs: $2000
• Global Communication Education and Art/YES: $200
• Global Women's Strike - Omni Collective: $200
• Liberated Lens: $300
• Phat Beets: $850
• Sudo Room: $2000

'Total: $5750/month'

Revenue from Other Supporters

• The Commons Working Group works with many different groups and individuals that rent out spaces in the Omni on a sliding-scale basis. On average, space rental generates between $4000-$6000 each month. A fun working group that could always use more volunteers, ping the list to help with event coordination!
• We are currently researching grants for capital improvement projects, such as building accessibility, kitchen remodeling, and structural improvements. Please drop us a line at fundraising AT omnicommons DOT org if you have any suggestions, or come to a Fundraising Working Group meeting!

Financial Statements

Sudo Room (Nov 2013-Nov 2016) > Omni Commons (Nov 2016-Current)

• 2016 Profit & Loss: File:OC ProfitAndLoss 2016.pdf
• 2016 Balance Sheet: File:OC BalanceSheet 2016.pdf
• 2015 Profit & Loss: File:Sudo ProfitAndLoss 2015.pdf
• 2015 Balance Sheet: File:Sudo BalanceSheet 2015.pdf

Omni Oakland Commons

• 2016 Profit & Loss: File:ProfitAndLoss 2016.pdf
• 2016 Balance Sheet: File:BalanceSheet 2016.pdf
• 2015 Profit & Loss: File:ProfitAndLoss 2015.pdf
• 2015 Balance Sheet: File:BalanceSheet 2015.pdf
• 2014 Profit & Loss: File:ProfitAndLoss 2014.pdf
• 2014 Balance Sheet: File:BalanceSheet 2014.pdf

990 Tax Forms

Sudo Room (2013-Nov 2016) > Omni Commons (Nov 2016-Present)

• 2016 Form 990: File:OC 2016 990.pdf
• 2015 Form 990N: File:Sudo 990 2015.pdf
• 2014 Form 990: File:Sudo 2014 990.pdf
• 2013 Form 990: File:Sudo 2013 990.pdf

Omni Oakland Commons

• 2016 Form 990: File:OOC 2016 990.pdf
• 2015 Form 990: File:OOC 2015 990.pdf
• 2014 Form 990: File:OOC 2014 990.pdf