Ocean Housing Development I Incorporated is a 501(c)(3) organization based in Bayville, New Jersey, registered in 2005, with $60,278 in FY2024 revenue. CharityIndex grades it D.
Revenue (FY2024)
$60K
▼ 6.2% vs prior year
Housing median: $408K
Expenses (FY2024)
$88K
Net assets
$457K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ocean Housing Development I Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ocean Housing Development I Incorporated: 62 mo reserves · -46% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ocean Housing Development I Incorporated— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ocean Housing Development I Incorporated: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $61K (FY2013) to $60K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
-45.6%
Spent more than it raised in the latest fiscal year.
Total assets
$554K
Total liabilities
$98K
Net assets
$457K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $60,278▼6.2% | $87,735▲12.8% | $456,657▲1027% | $554,277▲5.8% | 990 |
| 2023 | $64,264▼3.9% | $77,804▲8.4% | -$49,286▼37.9% | $523,704▼0.8% | 990 |
| 2022 | $66,893▼8.3% | $71,759▼3.9% | -$35,746▼15.8% | $527,913▼0.7% | 990 |
| 2021 | $72,925▲4.0% | $74,690▲3.5% | -$30,880▼6.1% | $531,811▲0.1% | 990 |
| 2020 | $70,143▼1.3% | $72,131▲15.5% | -$29,115▼7.3% | $531,335▼0.3% | 990 |
| 2019 | $71,064▲20.1% | $62,426▼4.7% | -$27,127▲24.2% | $532,762 | 990 |
| 2018 | $59,182▼9.8% | $65,479▲1.6% | -$35,765▼21.4% | $532,931▲0.2% | 990 |
| 2017 | $65,638▲1.9% | $64,456▼2.2% | -$29,468▲3.9% | $531,967▲0.1% | 990 |
| 2016 | $64,434▼2.5% | $65,921▼0.4% | -$30,650▼5.1% | $531,269▼0.1% | 990 |
| 2015 | $66,081▲11.7% | $66,170▼7.3% | -$29,163▼0.3% | $531,737▼0.7% | 990 |
| 2014 | $59,166▼3.3% | $71,413▲10.1% | -$29,074▼72.8% | $535,587▼2.7% | 990 |
| 2013 | $61,188 | $64,849 | -$16,827 | $550,669 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for Ocean Housing Development I Incorporated (EIN 20-1797292) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.