Ocean Housing Development II Inc

Analysis

Ocean Housing Development II Inc is a registered charity in United States, based in Bayville, NJ. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ocean Housing Development II Inc reported income of $79k and spending of $89k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $73k to $79k (+9.2%), an average of +2.2% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ocean Housing Development II Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include Washington Street Residents Association ($79k), 8200-8300 Franklin Blvd ($79k) and 18 W Read St Inc ($79k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $33k. At year end it held assets of $737k against liabilities of $738k, net assets of -$1,858.