Ocean Bay Community Developement Corporation

Organization Overview

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.

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


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Board, Officers & Key Employees

Name (title)Compensation
Ebony Beaty
Executive Director
$76,667
Patsy Simmons
Treasurer
$0
Bernadette Luina
Board Chair
$0
Valerie Cole-Davis
Member
$0
Ann Howard
Vice Chair
$0

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 4 grants that Ocean Bay Community Developement Corporation has recieved totaling $196,576.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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