Ocean Bay Community Developement Corporation is located in Arverne, NY. The organization was established in 2003. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Ocean Bay Community Developement Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Bay Community Developement Corporation 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 12/2021, Ocean Bay Community Developement Corporation generated $578.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.5%) each year. All expenses for the organization totaled $552.9k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 6 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
REVITALIZE THE COMMUNITY. PROVIDES A SOURCE OF SERVICES TO PROMOTE THE SOCIAL ECONOMIC WELL BEING OF PERSON IN THE COMMUNITY OF OCEAN BAY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HUD ROSS GRANT PROVIDES FUNDING FOR SERVICE COORDINATORS TO PROVIDE REFERRAL SERVICES FOR RESIDENTS THAT LIVE IN NEW YORK PUBLIC HOUSING AUTHORITY. CASE MANAGEMENT HAS BEEN PROVIDED IN-PERSON, ONSITE AND VIA PHONE OR VIRTUAL MEETINGS DUE TO THE CONTINUOUS PRECAUTIONS FOR THE COVID19 PANDEMIC. FOOD INSECURITIES, TRANSPORTATION TO AND FROM MEDICAL APPOINTMENTS, AND WORKFORCE DEVELOPMENT SERVICES CONTINUE TO BE AN ONGOING NEED OF RESIDENTS. OUTREACH ACROSS THE ROCKAWAY PENINSULA AND TO ALL NEW YORK NYCHA RESIDENTS HAVE INCREASED VIA SOCIAL MEDIA IN AN ATTEMPT TO REMEDY THE ISSUE OF THE DIGITAL DIVIDE AMONGST RESIDENTS THAT LIVE IN NEW YORK PUBLIC HOUSING.
THE ENTERPRISE SECTION 4 CAPACITY GRANT ENABLED OBCDCS BOARD OF DIRECTORS TO WORK WITH A FEW CONSULTANTS TO WORK THROUGH TWO EXECUTIVE TRANSITION PROCESSES. THIS FUNDING ENABLED THE BOARD TO DISCUSS/TRAIN ON ANNUAL DOCUMENTS SUCH AS OUR 990S AND CHAR 500, ALONG WITH WHAT GOES IN THE AUDITING PROCESS. THEY ALSO DISCUSSED BOARD DEVELOPMENT AND FUNDRAISING. EFFECTIVE JUNE OF 2021, THESE FUNDS HELPED THE BOARD RATE THE NEW INTERIM EXECUTIVE DIRECTOR, ALONG WITH EXIT PROCEDURES OF THE OLD EXECUTIVE DIRECTOR. DURING THIS PROCESS WE WERE ABLE TO MAINTAIN CURRENT OPERATIONS, SLOWLY OPENING UP TO 100% OF THE AGENCYS ACTIVITIES
THE UNH GRANTS PROVIDE FUNDING THAT ENABLES OBCDC TO REMEDY EMERGENCY SITUATIONS WHEN OTHER RESOURCES ARE NOT AVAILABLE. THIS GRANT ALLOWS INDIVIDUALS TO MAINTAIN CURRENT HOUSING THROUGH THE PAYMENT OF RENTAL ARREARS OR ALLEVIATE ANOTHER TYPE OF NON-RECURRING SITUATIONAL CRISIS BY PAYMENT OF EXPENSES SUCH AS MOVING, TRANSPORTATION, FURNITURE, CLOTHING, OR A SECURITY DEPOSIT. AS INDIVIDUALS CONTINUE TO COMBAT THE EFFECTS OF THE COVID19 PANDEMIC, THIS GRANT GIVES RESIDENTS THE RESOURCES TO RETURN TO STABLE CONDITIONS
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ebony Beaty Executive Director | Officer | 35 | $76,667 |
Patsy Simmons Treasurer | Officer | 5 | $0 |
Bernadette Luina Board Chair | Trustee | 5 | $0 |
Valerie Cole-Davis Member | Trustee | 5 | $0 |
Ann Howard Vice Chair | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $257,348 |
All other contributions, gifts, grants, and similar amounts not included above | $321,293 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $578,641 |
Total Program Service Revenue | $0 |
Investment income | $60 |
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 | $578,701 |
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. | $76,667 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $240,845 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $15,444 |
Payroll taxes | $24,289 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $6,035 |
Office expenses | $32,520 |
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 | $6,122 |
Interest | $117 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $8,739 |
All other expenses | $1,886 |
Total functional expenses | $552,880 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $42,312 |
Pledges and grants receivable | $111,203 |
Accounts receivable, net | $0 |
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 | $3,328 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $156,843 |
Accounts payable and accrued expenses | $14,346 |
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 | $41,667 |
Other liabilities | $0 |
Total liabilities | $56,013 |
Net assets without donor restrictions | $71,830 |
Net assets with donor restrictions | $29,000 |
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 | $156,843 |
Over the last fiscal year, we have identified 4 grants that Ocean Bay Community Developement Corporation has recieved totaling $196,576.
Awarding Organization | Amount |
---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: ACQUISITION AND REHAB OF AFFORDABLE HOUSING | $79,766 |
United Neighborhood Houses Of New York Inc New York, NY PURPOSE: Program support | $73,250 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $28,560 |
Mary J Hutchins Foundation Inc New York, NY PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |
Organization Name | Assets | Revenue |
---|---|---|
43north Bpc Inc Buffalo, NY | $13,425,800 | $3,001,464 |
Grameen America Inc Jackson Heights, NY | $237,127,552 | $50,248,348 |
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
Homestart Inc Boston, MA | $5,713,584 | $14,864,192 |
The Community Action Agency Of Western Connecticut Inc Danbury, CT | $3,614,776 | $12,103,732 |
Massachusetts Manufacturing Extension Partnership Inc Auburn, MA | $5,456,400 | $10,807,956 |
Greater Jamaica Development Corp Jamaica, NY | $43,416,674 | $8,397,998 |
South Bronx Overall Economic Development Corporation Bronx, NY | $11,273,834 | $9,485,057 |
Dorchester Bay Economic Development Corporation Dorchester, MA | $50,118,730 | $16,286,134 |
National Basketball Association Foundation New York, NY | $26,984,536 | $31,000,000 |
Newark Downtown District Management Corporation Newark, NJ | $7,203,712 | $5,205,083 |
Rdc Commercial Center Inc Brooklyn, NY | $15,313,985 | $4,091,889 |