Oceanview Manor Inc
- Assets
- $2.4m
- Revenue
- $329.3k
- Investments
- $0.0
- Employees
- 7
- Location
- Ocean Park, ME
- Founding
- 11/1979
- Data as of
- 12/2021
- EIN
- 01-0317602
Organization Overview
Oceanview Manor Inc is located in Ocean Park, ME. The organization was established in 1979. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Oceanview Manor Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oceanview Manor Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDES MANAGEMENT AND SUPPORT FOR LOW INCOME HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OCEANVIEW MANOR IS A NOT FOR PROFIT, 501(C)(3) CORPORATION THAT IS THE GENERAL PARTNER IN THE PINES AT OCEAN PARK, LP., A PARTNERSHIP THAT PROVIDES AFFORDABLE HOUSING. THE ORGANIZATION PROVIDES MANAGEMENT AND OTHER SUPPORT FOR THE PARTNERSHIP, WHICH OWNS A HOUSING PROJECT CONSISTING OF 60 AFFORDABLE ONE BEDROOM, COTTAGE STYLE, APARTMENTS AVAILABLE FOR QUALIFIED PERSONS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elisabeth Herold Executive Director | Officer | 20 | $90,380 |
Kevin Porter President | OfficerTrustee | 1 | $0 |
Barry Jackman Vice President | OfficerTrustee | 1 | $0 |
Winthrop Winch Treasurer | OfficerTrustee | 1 | $0 |
Frank Costello Past Secretary | OfficerTrustee | 1 | $0 |
Cathy Larkin Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,440 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,440 |
| Total Program Service Revenue | $296,374 |
| Investment income | $30,529 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $329,343 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $111,574 |
| Compensation of current officers, directors, key employees. | $111,574 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $170,895 |
| Pension plan accruals and contributions | $2,814 |
| Other employee benefits | $0 |
| Payroll taxes | $12,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $732 |
| Fees for services: Accounting | $6,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $7,263 |
| Fees for services: Other | $0 |
| Advertising and promotion | $584 |
| Office expenses | $1,370 |
| Information technology | $3,579 |
| Royalties | $0 |
| Occupancy | $5,985 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,160 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,070 |
| Insurance | $5,589 |
| All other expenses | $0 |
| Total functional expenses | $357,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $200 |
| Savings and temporary cash investments | $307,882 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $122,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,934,429 |
| Total assets | $2,392,551 |
| Accounts payable and accrued expenses | $15,420 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $25,420 |
| Net assets without donor restrictions | $2,024,794 |
| Net assets with donor restrictions | $342,337 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,392,551 |
Endowment Analysis
| Beg. Balance | $342,337 |
| Ending Balance | $342,337 |
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