Ocean Housing Alliance Inc
- Assets
- $1.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Point Pleasant, NJ
- Founding
- 03/1994
- Data as of
- 12/2021
- EIN
- 22-3254015
Organization Overview
Ocean Housing Alliance Inc is located in Point Pleasant, NJ. The organization was established in 1994. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 12/2021, Ocean Housing Alliance Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ocean Housing Alliance 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 Housing Alliance Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 1.8% 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
PROVIDING RESIDENTS OF THE 48 BED HEALTH CARE FACILITY WITH A SAFE, HEALTHY, PLEASANT & CARING ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE HOUSING FOR THE MENTALLY ILL WHO WOULD OTHERWISE BE HOMELESS OR INSTITUTIONALIZED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Diana Farrell Executive Director | Trustee | 40 | $64,102 |
Robert Hutchins President | Officer | 1 | $0 |
Sandra C Grebel Vice President | Officer | 1 | $0 |
John Vierbuchen Treasurer | Officer | 1 | $0 |
Catherine Tier Secretary | Officer | 1 | $0 |
Lynne Merklin CFO | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $109,482 |
| All other contributions, gifts, grants, and similar amounts not included above | $91,732 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $201,214 |
| Total Program Service Revenue | $739,530 |
| Investment income | $285 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $61,515 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,104,464 |
| 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. | $64,102 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $469,741 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $26,086 |
| Payroll taxes | $53,435 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,112 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,200 |
| Advertising and promotion | $0 |
| Office expenses | $5,565 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,326 |
| Insurance | $38,899 |
| All other expenses | $86,319 |
| Total functional expenses | $1,013,650 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $657,969 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,156 |
| Accounts receivable, net | $628 |
| 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 | $12,342 |
| Net Land, buildings, and equipment | $799,868 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,471,963 |
| Accounts payable and accrued expenses | $36,409 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,308 |
| Total liabilities | $37,717 |
| Net assets without donor restrictions | $1,434,246 |
| 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 | $1,471,963 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ocean Housing Alliance Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Gladys M Thomas Testamentary Trust Point Pleasant, NJ PURPOSE: PROGRAMS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Germantown Home Philadelphia, PA | $23,238,200 | $17,117,508 |
Our Lady Of Mercy Life Center Guilderland, NY | $13,584,598 | $18,367,817 |
Grove Manor Corporation Grove City, PA | $38,510,469 | $20,011,663 |
Phoebe Richland Health Care Center Allentown, PA | $42,688,223 | $20,669,291 |
Episcopal Church Home Rochester, NY | $13,527,861 | $19,691,308 |
Northern Riverview Health Care Center Inc Haverstraw, NY | $45,238,260 | $26,935,593 |
Hatfield Mennonite Home Hatfield, PA | $33,080,459 | $18,750,870 |
Harrogate Incorporated Lakewood, NJ | $32,163,275 | $19,988,142 |
Upmc Senior Communities Inc Pittsburgh, PA | $51,351,268 | $15,897,912 |
St Lukes Home Residential Health Care Facility Inc New Hartford, NY | $25,808,218 | $18,105,934 |
Garvey Manor Nursing Home Hollidaysburg, PA | $30,215,227 | $18,421,256 |
Methodist Church Home For The Aged In The City Of New York Bronx, NY | $70,291,899 | $23,018,314 |