Ocean Housing Alliance Inc
- Assets
- $1.4m
- Revenue
- $955.0k
- Investments
- $0.0
- Employees
- 29
- Location
- Point Pleasant, NJ
- Founding
- 03/1994
- Data as of
- 12/2022
- EIN
- 22-3254015
Organization Overview
Ocean Housing Alliance Inc is located in Point Pleasant, NJ. The organization was established in 1994. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2022, Ocean Housing Alliance Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Housing Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Ocean Housing Alliance Inc generated $955.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $1.0m during the year ending 12/2022. While expenses have increased by 1.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING RESIDENTS OF THE 48 BED HEALTH CARE FACILITY WITH A SAFE, HEALTHY, PLEASANT & CARING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR THE MENTALLY ILL WHO WOULD OTHERWISE BE HOMELESS OR INSTITUTIONALIZED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doris Mckee Board Member | Trustee | 1 | $0 |
Diana Farrell Executive Director | Trustee | 40 | $66,000 |
John Sarto Board Member | Trustee | 1 | $0 |
Michael Noone Board Member | Trustee | 1 | $0 |
George Smith Board Member | Trustee | 1 | $0 |
Greg Capoano Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $35,360 |
| All other contributions, gifts, grants, and similar amounts not included above | $64,122 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,482 |
| Total Program Service Revenue | $735,563 |
| Investment income | $1,501 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $117,638 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $954,984 |
| 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. | $66,000 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $458,049 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,754 |
| Payroll taxes | $45,941 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,100 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,250 |
| Advertising and promotion | $0 |
| Office expenses | $6,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,859 |
| Insurance | $36,781 |
| All other expenses | $91,871 |
| Total functional expenses | $1,037,450 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $615,360 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,156 |
| Accounts receivable, net | $628 |
| 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 | $8,917 |
| Net Land, buildings, and equipment | $754,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,380,381 |
| Accounts payable and accrued expenses | $26,739 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,862 |
| Total liabilities | $28,601 |
| Net assets without donor restrictions | $1,351,780 |
| Net assets with donor restrictions | $0 |
| 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 | $1,380,381 |