The Role
Location: Providence, Rhode Island
Reports To: Board of Directors
Direct Reports: Eight (8) direct reports including the Senior Vice President of Finance Operations, Vice President of Strategy & Chief of Staff, Vice President of Resource Development & Communications, Managing Director of One Central Providence, Director of Housing Development, Director of Asset Management, Director of Resident Services, Director of Executive Office
Position Summary
ONB is seeking a visionary, strategic, collaborative, community-minded leader to serve as its next CEO. Working with the Board of Directors and its diverse teams, the CEO will lead the organization in alignment with ONB values and mission.
Critical to the success of the role, and further delivering on the ONB mission, the CEO will:
- Build upon the solid foundation of ONB that has experienced rapid growth in terms of size and scope of the organization, its housing development portfolio, and community-based collective impact work.
- They will be focused on maintaining organizational stability during a time of transition while pursuing manageable, sustained development.
- Oversee the implementation of the 2023-2028 strategic plan designed to leverage extraordinary accomplishments made to date and designed to ensure Rhode Islanders can access and maintain affordable housing and Central Providence residents and organizations change the conditions that drive health equity and economic mobility.
- Ensure that ONB remains fiscally sound and continues to seek out new and creative alternative revenue sources to positively impact Rhode Island in affordable housing, community building and empowerment, and addressing the housing crisis to meet the needs and interests of its residents and the broader community.
- Prepare to undertake growth and innovation in real estate development activity, including financing mechanisms, and the impact that it will have on the organization and the community moving forward.
- Maintain ONB's reputation as a high performing nonprofit community development leader through building and strengthening relationships based on trust and mutual benefit with all stakeholders including staff, board, donors, partners, government leaders and community.
- Expand ONB's reach by leading collaborative efforts in the community to expand affordable housing opportunities throughout Rhode Island.
Key Responsibilities:
Strategic Leadership & Board Relations
- Provide thoughtful, adaptable and visionary leadership that is inclusive, transparent and empowering in a manner that supports and guides the organization's mission.
- Oversee the implementation of the current strategic plan designed to leverage extraordinary accomplishments made to date and support the current trajectory of innovative property development, community transformation, and resident empowerment.
- Continue to refine and communicate the strategic direction and goals to all stakeholders internally and externally.
- Collaborate with the Board of Directors and ensure they are an integral partner to assist in fundraising and implementation of the strategic plan to guide growth, expansion, and community impact.
- Cultivate a strong and transparent working relationship with the Board of Directors and ensure open communication regarding financial, development, programmatic, and impact performance milestones and goals.
- Embrace accountability for racial, equity, diversity, and inclusion (REDI) through a measurable expansion of organizational partnerships, community impact, and departmental goals.
Business Development & Fundraising
- Ensure annual and long-term financial viability of ONB by shepherding effective fundraising efforts, securing diverse and sustainable revenue, and engaging the next generation of donors.
- Maximize earned income through new real estate development ventures and partnerships.
- Cultivate new and steward existing philanthropic partners and impact investors.
- Maintain a thorough understanding of the organization's finances as a foundation for strategic decisions to maximize impact and reduce risk.
- Ensure that the organization is operationally nimble and financially sound in times of high growth and change.
Community Leadership, External Relations & Partnership Development
- Represent ONB in the business, donor, nonprofit, government and civic communities with the highest level of integrity.
- Ensure ONB remains a key leader within the affordable housing, community development, and policy space and is a community steward focused on innovation and driving positive change.
- As a thought leader, the CEO seeks opportunities for ONB to advocate and gather support for affordable housing legislative initiatives through civic and other nonprofit partnerships.
- As a field builder, convenes and seeks to understand the perspectives of a variety of constituents to build trust, inspire new ideas, and build effective relationships to achieve continued impact and positive outcomes for community.
- Develops and maintains relationships with diverse internal and external constituents to advocate for affordable housing and housing-first initiatives.
- Focuses on the overall impact of the organization in the community, with particular emphasis on statewide development and initiatives.
Financial Management & Internal Leadership
- Provide collaborative and inspirational leadership to a diverse and high-performing team and create continuous opportunities for growth and development across the organization.
- Lead the executive team to capitalize on the existing strengths of the organization and expand on the assets to accelerate impact for the community.
- Maintain a thorough understanding of the organization's finances as a foundation for strategic decisions to maximize impact and reduce risk.
- Align financial resources to best support strategic goals; ensure the effective management of day-to-day operations and a highly functioning organization.
- In collaboration with the SVP, Finance oversee the development of the annual operating budget for ONB and ensure the organization is in compliance with all federal, state, and local regulations and obligations and operates within approved budget guidelines.
- Ensure a strong system of asset management of ONB's existing real estate portfolio utilizing industry best practices; ensure residential properties are healthy, thriving communities and commercial properties are managed and leveraged to maximum benefit.
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