Ocean View Foundation
- Assets
- $8.7m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Half Moon Bay, CA
- Founding
- 10/1966
- Data as of
- 12/2023
- EIN
- 94-1665936
Organization Overview
Ocean View Foundation is located in Half Moon Bay, CA. The organization was established in 1966. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean View Foundation 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 12/2023, Ocean View Foundation generated $1.5m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2023. While expenses have increased by 15.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO PROVIDE QUALITY, AFFORDABLE HOUSING FOR SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED QUALITY LIVING FOR OVER 50 CITIZENS IN HALF MOON BAY, CA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Catherine Evans Executive Dir. | Officer | 2 | $0 |
Nancy Amaya Deputy E.d. | Officer | 5 | $0 |
Naomi Patridge Member | Trustee | 0.04 | $0 |
Michael Kim Member | Trustee | 0.05 | $0 |
Sandy Council Treasurer | OfficerTrustee | 0.04 | $0 |
Tony Villanueva Vice President | OfficerTrustee | 0.04 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,100,832 |
| All other contributions, gifts, grants, and similar amounts not included above | $952 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,101,784 |
| Total Program Service Revenue | $351,939 |
| Investment income | $3,559 |
| 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 | $1,457,282 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,685 |
| Pension plan accruals and contributions | $6,520 |
| Other employee benefits | $26,921 |
| Payroll taxes | $9,281 |
| Fees for services: Management | $37,200 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,930 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $38,196 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $129,729 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $349,210 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,289 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,321,228 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $367,217 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $302 |
| 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 | $75,363 |
| Net Land, buildings, and equipment | $8,059,457 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $246,752 |
| Total assets | $8,749,091 |
| Accounts payable and accrued expenses | $47,374 |
| 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 | $7,862,573 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $801,180 |
| Total liabilities | $8,711,127 |
| Net assets without donor restrictions | $37,964 |
| 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 | $8,749,091 |