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 12/2022, Ocean Bay Community Developement Corporation employed 12 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 12/2022, Ocean Bay Community Developement Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $869.0k during the year ending 12/2022. 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
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
THE HUD ROSS GRANT PROVIDES FUNDING FOR SERVICE COORDINATORS WHO OFFER REFERRAL SERVICES TO RESIDENTS OF PUBLIC HOUSING IN NEW YORK. DUE TO THE ONGOING COVID-19 STRAINS, CASE MANAGEMENT IS PROVIDED THROUGH IN-PERSON, VIRTUAL, OR PHONE MEETINGS. RESIDENTS CONTINUE TO HAVE NEEDS RELATED TO FOOD INSECURITY, TRANSPORTATION TO MEDICAL APPOINTMENTS, AND WORKFORCE DEVELOPMENT SERVICES. ADDITIONALLY, HOUSING ISSUES SUCH AS RENTAL ARREARS HAVE BECOME MORE PREVALENT, HIGHLIGHTING THE NEED FOR FINANCIAL LITERACY AND BANKING WORKSHOPS. TO ADDRESS THE DIGITAL DIVIDE AMONG NYCHA RESIDENTS, OUTREACH EFFORTS HAVE INCREASED VIA SOCIAL MEDIA, COVERING THE ENTIRE ROCKAWAY PENINSULA.
OTHER PROGRAMS
OBCDC WAS ESTABLISHED AS AN INFORMATION AND REFERRAL ORGANIZATION WITH A FOCUS ON HELPING FAMILIES RESIDING IN NYCHA HOUSING TO IDENTIFY AND ACCESS ESSENTIAL SERVICES. AS THE DEMAND FOR SERVICES CONTINUED TO GROW AND SERVICE PROVIDERS REMAINED SCARCE IN THE GEOGRAPHICALLY ISOLATED AND UNDER-RESOURCED PENINSULA, WE INITIATED OUR OWN DIRECT SERVICE PROGRAMS. OVER TIME, WE HAVE DEVELOPED INTO A CRUCIAL HUB OF INNOVATIVE, PLACE-BASED, AND HOLISTIC PROGRAMS, SERVICES, AND COMMUNITY ORGANIZING IN FAR ROCKAWAY. THE OLDER ADULT CENTER @ ARVERNE MARKS THE CULMINATION OF THE OLDER ADULT SERVICES THAT OBCDC HAS BEEN PROVIDING SINCE ITS INCEPTION. THIS IS A SIGNIFICANT MILESTONE IN OUR ORGANIZATIONAL DEVELOPMENT, AND IT PERFECTLY ALIGNS WITH OUR MISSION TO CREATE OPPORTUNITIES FOR SOCIO-ECONOMIC ADVANCEMENT THAT WILL ESTABLISH A HEALTHIER, SAFER, MORE PROSPEROUS, BETTER EDUCATED, AND REVITALIZED COMMUNITY. WE ENVISION THIS PROGRAM AS A CORNERSTONE FOR THE AGING POPULATION, SERV
THE FEC GRANT FUNDS A TEAM OF FOUR STAFF MEMBERS WHO PROVIDE ESSENTIAL SERVICES TO THE RESIDENTS OF ROCKAWAY AND BROAD CHANNEL AREAS IN NEW YORK CITY. THE CENTER AIMS TO IMPROVE THE WELL-BEING AND OVERALL QUALITY OF LIFE OF PARTICIPANTS BY ORGANIZING ENGAGING AND STIMULATING ACTIVITIES. THE DIRECTOR OVERSEES ALL SERVICES PROVIDED AT THE FEC AND COORDINATES AN INCLUSIVE PARENT ADVISORY COMMITTEE (PAC). THE FEC ALSO PARTNERS WITH OTHER LOCAL SERVICE PROVIDERS AND ALL OBCDC STAFF TO MAXIMIZE RESOURCES FOR THE PARTICIPANTS BENEFIT. THE FEC HAS BEEN ACTIVATED AS A CATALYST TO BRIDGE AND/OR UNITE RESIDENTS FROM THE WEST AND EAST ENDS; ENCOURAGING AND PROMOTING SHARED RESOURCES BETWEEN THE TWO COMMUNITIES; WHICH HAVE BEEN HISTORICALLY DIVIDED.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Ebony Beaty Executive Director | Officer | 35 | $0 |
Bernadette Luina Board Chair | Trustee | 5 | $0 |
Valerie Cole-Davis Member | Trustee | 5 | $0 |
Ann Howard Vice Chair | Trustee | 5 | $0 |
Patsy Simmons Treasurer | Officer | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $596,222 |
All other contributions, gifts, grants, and similar amounts not included above | $538,662 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,134,884 |
Total Program Service Revenue | $0 |
Investment income | $352 |
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 | $1,135,236 |
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. | $90,000 |
Compensation of current officers, directors, key employees. | $4,167 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $349,604 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $12,991 |
Payroll taxes | $33,630 |
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 | $20,392 |
Office expenses | $67,070 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $39,600 |
Travel | $4,753 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $3,108 |
Interest | $2,925 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,858 |
Insurance | $15,891 |
All other expenses | $5,565 |
Total functional expenses | $868,974 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $87,094 |
Pledges and grants receivable | $342,574 |
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 | $9,114 |
Net Land, buildings, and equipment | $79,432 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $9,900 |
Total assets | $528,114 |
Accounts payable and accrued expenses | $38,239 |
Grants payable | $1,516 |
Deferred revenue | $79,600 |
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 | $161,022 |
Net assets without donor restrictions | $198,134 |
Net assets with donor restrictions | $168,958 |
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 | $528,114 |