Civic Intelligence

Ocean City Community Development

EIN 85-1978578 • 501(c)3 • Ocean City, NJ

Profile

To develop affordable rental housing for fow income families

635 West AvenueOcean City, NJ 08226

oceancityha.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

86th percentile

0.61x

Higher debt load relative to assets than 86% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

25.97x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

28th percentile

-5.2%

Higher net margin than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

26th percentile

-3.6%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

1st percentile

-93%

Faster revenue growth than 1% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$4,344,710

Down $163,666 (-3.6%) from 2023

Liabilities

Down

$2,665,094

Down $158,324 (-5.6%) from 2023

Net Assets

Down

$1,679,616

Down $5,342 (-0.3%) from 2023

Operations
Liabilities / Revenue99th percentileNet Margin28th percentile

Revenue

Down

$102,614

Down $1,467,943 (-93%) from 2023

Expenses

Up

$107,956

Up $98,285 (+1016%) from 2023

Net Income

Down

-$5,342

Down $1,566,228 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth26th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2021: $65,366Liabilities 2021: $1,033Net Assets 2021: $64,3332021Assets 2022: $139,391Liabilities 2022: $15,319Net Assets 2022: $124,0722022Assets 2023: $4,508,376Liabilities 2023: $2,823,418Net Assets 2023: $1,684,9582023Assets 2024: $4,344,710Liabilities 2024: $2,665,094Net Assets 2024: $1,679,6162024

Highlighted filing

2024

Assets$4,344,710
Liabilities$2,665,094
Net Assets$1,679,616
Open 2024 Filing

Operations Trend

Revenue Growth1st percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2021: $64,441Expenses 2021: $108Net Income 2021: $64,3332021Revenue 2022: $70,510Expenses 2022: $10,771Net Income 2022: $59,7392022Revenue 2023: $1,570,557Expenses 2023: $9,671Net Income 2023: $1,560,8862023Revenue 2024: $102,614Expenses 2024: $107,956Net Income 2024: -$5,3422024

Highlighted filing

2024

Revenue$102,614
Expenses$107,956
Net Income-$5,342
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,344,710
Liabilities
$2,665,094
Net assets
$1,679,616
Revenue
$102,614
Expenses
$107,956
Net income
-$5,342
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.34$2.67$1.68$0.10$0.11$0.01
2023Detailed filing. Detailed filing data is available for this year.$4.51$2.82$1.68$1.57$0.01$1.56
2022Detailed filing. Detailed filing data is available for this year.$0.14$0.02$0.12$0.07$0.01$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.07$0.00$0.06$0.06$0.00$0.06
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Oct 1, 2023 to Sep 30, 2024
Signed
Jul 7, 2025
Return Version
2023v6.0
Gross Receipts
$102,614
Mission and Program Overview

Mission

To develop affordable rental housing for fow income families

To develop affordable rental housing for low income families

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net-$4,055,189-
Cash and Non-Interest-Bearing Accounts$1,156,404$284,255▼ $872,149
Prepaid Expenses and Deferred Charges-$4,718-
Other Notes and Loans Receivable, Net$327$520▲ $193
Accounts Receivable-$28-
Total Assets$4,508,376$4,344,710▼ $163,666
Other Assets Total$3,351,645--
Liabilities
Mortgage Notes Payable Secured by Investment Property$2,205,047$2,450,047▲ $245,000
Other Liabilities$618,371$198,192▼ $420,179
Escrow Account Liability-$16,855-
Total Liabilities$2,823,418$2,665,094▼ $158,324
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,684,958$1,679,616▼ $5,342
Total Net Assets Fund Balance$1,684,958$1,679,616▼ $5,342
Total Liabilities and Net Assets / Fund Balance$4,508,376$4,344,710▼ $163,666

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,072,000-$4,072,000
Leasehold Improvements$17,230-$17,230
Other Land Buildings$-34,041$34,041-
Compensation and Service Providers
Top Officer Pay74th percentile

Board Members and Trustees

NameTitle
Robert BarrChairman of
Robert Scott HallidayVice Chairma
Beverly MccallCommissioner
Brian BroadleyCommissioner
Patricia Miles-jacksonCommissioner
Robert HenryCommissioner
Jacqueline JonesSecretary/tr
Revenue and Support

Revenue Composition

Contributions and Grants
$46,782
Program Service Revenue
$55,617
Investment Income
$215
Other Revenue
$0
All Other Contributions
$45,552
Change in Net Assets
$-5,342
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$107,956
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$39,545$250-$39,795
Depreciation Depletion$34,041--$34,041
Interest$16,333$17-$16,350
Fees for Services Management$13,415$2,200-$15,615
Fees for Services Legal$1,319--$1,319
Fees for Services Other-$390-$390
Insurance$348$40-$388
Other Expenses-$58-$58
Total Functional Expenses$105,001$2,955$0$107,956
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liability - Cip$160,409
Accrued Interest Payable$16,333
Due to Ocean City Housing Authority$11,647
Accrued Auditing$9,500
Accrued Utilities$303
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Ocean city community development corporation (occdc) has contracted with ocean city housing authority (ocha) to manage the exempt organization. The services ocha performs include, but are not limited to, supervising the daily administration operations, preparing monthly financial reports, executing budgets, and supervising maintenance operations including emergency repairs.”

Form 990, Page 6, Part VI, Line 11B

“Form 990 after completion is provided to ocean city community development corporation's governing body where the chairman reviews it with the board.”

Form 990, Page 6, Part VI, Line 12C

“Conflicts of interest policy is provided to ocean city community development corporation's potenial employees and board members and are reviewed with them at that time.”

Form 990, Page 6, Part VI, Line 19

“Ocean city community development corporation encourages public review of all policies and procedures not having to do with personnel matters. Financial reports and governing documents are available upon request and posted on organization's website.”

Filing and Contact Details

Filer

Filer Name
Ocean City Community Development
EIN
85-1978578
Phone
6093991062
Address
635 WEST AVENUE, OCEAN CITY, NJ 08226

Signing Officer

Name
Jacqueline Jones
Title
Secretary/treasurer
Phone
6093991062
Signed
2025-07-07

Organization Details

Principal Officer
Robert Barr
Formed
2017
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0

Preparer

Firm
Linda M Avena CPA Pa
Address
2581 E CHESTNUT AVE SUITE B, VINELAND, NJ 08361
Preparer
Linda M Cavallo
Phone
8566968000
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“Ocean city community development corporation requires security deposits from tenants for the duration of their lease. On 10/1/2023 the balance was 0 due to units still being constructed. Additions during the fiscal year were 16,855. There were no subtractions during the fiscal year. The balance at 9/30/2024 was 16,855.”

Raw XML Appendix321 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN OF
IRS990/Form990PartVIISectionAGrp/TitleTxt1COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt3COMMISSIONER
IRS990/Form990PartVIISectionAGrp/TitleTxt4COMMISSIONER
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION REQUIRES SECURITY DEPOSITS FROM TENANTS FOR THE DURATION OF THEIR LEASE. ON 10/1/2023 THE BALANCE WAS 0 DUE TO UNITS STILL BEING CONSTRUCTED. ADDITIONS DURING THE FISCAL YEAR WERE 16,855. THERE WERE NO SUBTRACTIONS DURING THE FISCAL YEAR. THE BALANCE AT 9/30/2024 WAS 16,855.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION (OCCDC) HAS CONTRACTED WITH OCEAN CITY HOUSING AUTHORITY (OCHA) TO MANAGE THE EXEMPT ORGANIZATION. THE SERVICES OCHA PERFORMS INCLUDE, BUT ARE NOT LIMITED TO, SUPERVISING THE DAILY ADMINISTRATION OPERATIONS, PREPARING MONTHLY FINANCIAL REPORTS, EXECUTING BUDGETS, AND SUPERVISING MAINTENANCE OPERATIONS INCLUDING EMERGENCY REPAIRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 AFTER COMPLETION IS PROVIDED TO OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION'S GOVERNING BODY WHERE THE CHAIRMAN REVIEWS IT WITH THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CONFLICTS OF INTEREST POLICY IS PROVIDED TO OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION'S POTENIAL EMPLOYEES AND BOARD MEMBERS AND ARE REVIEWED WITH THEM AT THAT TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION ENCOURAGES PUBLIC REVIEW OF ALL POLICIES AND PROCEDURES NOT HAVING TO DO WITH PERSONNEL MATTERS. FINANCIAL REPORTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND POSTED ON ORGANIZATION'S WEBSITE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt04508376
IRS990/TotalAssetsEOYAmt04344710
IRS990/TotalAssetsGrp/BOYAmt04508376
IRS990/TotalAssetsGrp/EOYAmt04344710
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt046782
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0105001
IRS990/TotalFunctionalExpensesGrp/TotalAmt0107956
IRS990/TotalGrossUBIAmt0215
IRS990/TotalLiabilitiesBOYAmt02823418
IRS990/TotalLiabilitiesEOYAmt02665094
IRS990/TotalLiabilitiesGrp/BOYAmt02823418
IRS990/TotalLiabilitiesGrp/EOYAmt02665094
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01684958
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01679616
IRS990/TotalProgramServiceExpensesAmt0107956
IRS990/TotalProgramServiceRevenueAmt055617
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt055617
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0102614
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt0215
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt04508376
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt04344710
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0204 E 4TH STREET
IRS990/USAddress/CityNm0OCEAN CITY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008226
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0OCEANCITYHA.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JACQUELINE JONES
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06093991062
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-07-07
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0OCEAN CITY COMMUNITY DEVELOPMENT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0CORPORATION
ReturnHeader/Filer/BusinessNameControlTxt0OCEA
ReturnHeader/Filer/EIN0851978578
ReturnHeader/Filer/PhoneNum06093991062
ReturnHeader/Filer/USAddress/AddressLine1Txt0635 WEST AVENUE
ReturnHeader/Filer/USAddress/CityNm0OCEAN CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd008226
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0223118342
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LINDA M AVENA CPA PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02581 E CHESTNUT AVE SUITE B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0VINELAND
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NJ
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd008361
ReturnHeader/PreparerPersonGrp/PhoneNum08566968000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-07-07
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LINDA M CAVALLO
ReturnHeader/ReturnTs02025-07-17T11:02:27-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-10-01
ReturnHeader/TaxPeriodEndDt02024-09-30
ReturnHeader/TaxYr02023

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