Ocean Health Initiatives Inc
- Assets
- $23.1m
- Revenue
- $32.7m
- Investments
- $0.0
- Employees
- 334
- Location
- Neptune City, NJ
- Founding
- 10/2003
- Data as of
- 12/2021
- EIN
- 06-1691342
Organization Overview
Ocean Health Initiatives Inc is located in Neptune City, NJ. The organization was established in 2003. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. As of 12/2021, Ocean Health Initiatives Inc employed 334 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Health Initiatives Inc 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 Health Initiatives Inc generated $32.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $28.0m during the year ending 12/2021. While expenses have increased by 7.5% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OHI IS DEDICATED TO PROVIDING QUALITY, ACCESSIBLE AND COMPREHENSIVE PRIMARY HEALTH CARE TO RESIDENTS OF OCEAN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OHI PROVIDES HIGH QUALITY, ACCESSIBLE AND AFFORDABLE FAMILY HEALTHCARE TO RESIDENTS IN OCEAN COUNTY REGARDLESS OF INSURANCE AT OUR FIVE HEALTH CENTER LOCATIONS IN LAKEWOOD, LITTLE EGG HARBOR, TOMS RIVER, MANAHAWKIN AND MANCHESTER, WITH TWO SCHOOL BASED WELLNESS PROGRAMS IN THE LAKEWOOD HIGH SCHOOL AND CLIFTON AVENUE ELEMENTARY SCHOOL, LAKEWOOD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa Berger CEO | Officer | 40 | $564,591 |
Chris Ollemar CFO | Officer | 40 | $338,129 |
Bridget Hogan COO | Officer | 40 | $328,521 |
Gilbert Fleischer Cmo | Officer | 40 | $324,170 |
Christopher Marengo Dentist | 40 | $306,860 | |
Chandravadan Shah Physician-Ob/gyn | 40 | $295,040 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Garfunkel Wild Pc Legal Services | 12/30/20 | $134,630 |
Feldesman Tucker Leifer Fidell Llp Legal Services | 12/30/20 | $103,836 |
University Of Bridgeport Educational | 12/30/20 | $152,660 |
Thomas Theocharides Md Medical | 12/30/20 | $156,063 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $21,303 |
| Related organizations | $0 |
| Government grants | $11,843,674 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,635,924 |
| Noncash contributions included in lines 1a–1f | $1,209,801 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,500,901 |
| Total Program Service Revenue | $17,137,856 |
| Investment income | $416 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $31,554 |
| 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 | $32,670,727 |
| 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. | $2,344,506 |
| Compensation of current officers, directors, key employees. | $468,901 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,716,530 |
| Pension plan accruals and contributions | $465,453 |
| Other employee benefits | $1,513,279 |
| Payroll taxes | $1,250,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $64,805 |
| Fees for services: Accounting | $87,242 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $862,103 |
| Advertising and promotion | $0 |
| Office expenses | $1,062,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,482,800 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,112 |
| Interest | $469,026 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,125,105 |
| Insurance | $338,074 |
| All other expenses | $0 |
| Total functional expenses | $27,971,026 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $504,443 |
| Savings and temporary cash investments | $3,129,477 |
| Pledges and grants receivable | $6,324 |
| Accounts receivable, net | $4,949,112 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $71,504 |
| Prepaid expenses and deferred charges | $476,825 |
| Net Land, buildings, and equipment | $13,839,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $165,233 |
| Total assets | $23,142,154 |
| Accounts payable and accrued expenses | $2,046,455 |
| Grants payable | $0 |
| Deferred revenue | $324,227 |
| 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 | $9,177,595 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $90,272 |
| Total liabilities | $11,638,549 |
| Net assets without donor restrictions | $11,503,605 |
| 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 | $23,142,154 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Ocean Health Initiatives Inc has recieved totaling $695,546.
| Awarding Organization | Amount |
|---|---|
New Jersey Family Planning League Inc Newark, NJ PURPOSE: PURPOSE OF THE GRANT IS FOR THE SUB RECIPIENT TO CARRY OUT THE TITLE X PROGRAM REQUIREMENTS. | $635,035 |
Community Foundation Of New Jersey Morristown, NJ PURPOSE: GENERAL SUPPORT | $52,790 |
Afya Foundation Inc Yonkers, NY PURPOSE: AID TO RELIEF ORGANIZATION | $7,721 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lawrence Medical Associates Pc Bronxville, NY | $43,959,801 | $93,174,617 |
Beebe Physican Network Inc Lewes, DE | $13,499,418 | $49,763,714 |
Carnegie Cardiovascular Pc Westbury, NY | $1,096,228 | $75,454,558 |
Pinnacle Health Regional Physicians Harrisburg, PA | $6,138,085 | $78,224,269 |
Trinity Medical Wny Pc Buffalo, NY | $24,179,434 | $52,294,640 |
Jfk Medical Associates Pa Edison, NJ | $9,222,592 | $65,526,016 |
Crouse Medical Practice Pllc Syracuse, NY | $6,246,472 | $39,486,299 |
Princeton Healthcare Affiliated Physicians Pc Plainsboro, NJ | $4,748,844 | $53,586,457 |
Charles B Wang Community Health Center Inc New York, NY | $110,483,270 | $118,467,923 |
Brooklyn Ambulatory Care Pc Westbury, NY | $0 | $53,362,368 |
Phelps Medical Services Pc Sleepy Hollow, NY | $9,407,436 | $48,861,957 |
Amboy Medical Practice Pc Staten Island, NY | $10,020,483 | $37,058,255 |