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Oceanview Manor INC FY2020 filing

Tax-deductible

Ocean Park, ME501(c)(3)HousingEIN 01-0317602Revenue $324K in FY2020

On file with the IRSthepinescommunity.orgPo Box 7266, 04063-7266 · Ocean Park, METax-exempt since Nov 1979Publicly supported — 509(a)(2)

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Provides management and support for low income housing.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$80K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $24K a year · 5% of revenue · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$80K
to officers and key staff · 21% of spending
Worth a look: pay to officers and key staff is 21% of spending; over 20%.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 10.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$22K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$324K
Spent
$385K
To programs
70%
Net assets
$2.1M
By yearFY2020–FY2024
Revenue
$324K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$324K
FY2021$329K
FY2022$372K
FY2023$550K
FY2024$640K
Expenses
$385K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$385K
FY2021$357K
FY2022$449K
FY2023$493K
FY2024$654K
Net assets
$2.1M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2.1M
FY2021$2.4M
FY2022$2.1M
FY2023$2.3M
FY2024$2.4M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $269K Management & general 30% · $116K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

15 people listed on the 990; $80K paid to officers and key staff.

Part VII, Section A · reportable compensation
Elisabeth Herold
Executive Director
$79,943Pt VII · Sec A
Barry Jackman
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Cathy Larkin
Director
$0Pt VII · Sec A
Cliff Kenney
Director
$0Pt VII · Sec A
Earl Norman
Director
$0Pt VII · Sec A
Kevin Porter
President
$0Pt VII · Sec A

Elisabeth Herold’s $95K as Executive Director is at the 82nd percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Elisabeth Herold$95,080$96,006$94,228$90,380$79,943

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages and supports affordable housing for low-income families.

Questions for Oceanview Manor INC

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Provided by the organization

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1 program · $269K · in their own filed words · FY2020
01

Oceanview Manor is a not-for-profit, 501(c)(3) corporation that is the general partner in The Pines at Ocean Park, LP., a partnership that provides affordable housing. The Organization provides management and other support for the partnership, which owns a housing project consisting of 60 affordable one bedroom, cottage style, apartments…

$269Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Amazonsmile FoundationFY2023$11
Total grants receivedfrom 1 funder$11
Grants paid · 1 grant · $20K · 2024–2024
Ocean Park AssociationME · FY2024$20,000

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$324K
Ln 12
Fees for servicesLn 2g$309K
Investment incomeLn 3$15K
Money outPt IX
$385K
Ln 25
Programscol B$269K
Managementcol C$116K
Owns and owesPt X
$2.1M
net assets · Ln 32
Cash and savingsLn 1–2$336K
Total assetsLn 16$2.1M
LiabilitiesLn 26$22K
PeoplePt VI, VII
15
listed · VII A
PaidVII A1
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$309K
Investment incomeLn 3$15K
Total revenueLn 12$324K
Assets in detailPt X, end of year
SavingsLn 2$336K
Cash and savings togetherLn 1–2$336K
Land, buildings, equipmentLn 10c$110K
Other assetsLn 15$1.6M
Total assetsLn 16$2.1M
LiabilitiesLn 26$22K
Net assetsLn 32$2.1M
OperationsPt I, VI
EmployeesI 57
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$695K$336K
Land, buildings, equipmentLn 10c$105K$110K
Total assetsLn 16$2.0M$2.1M
LiabilitiesLn 26$26K$22K
Net assetsLn 32$2.0M$2.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Pay of current officers, directors and key staffLn 5$103K$103K
Other salaries and wagesLn 7$207K$207K
Pension plan contributionsLn 8$10K$10K
Payroll taxesLn 10$17K$11K$6K
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$566$566
Office expensesLn 13$2K$2K
Information technologyLn 14$2K$2K
OccupancyLn 16$5K$5K
Conferences, conventions and meetingsLn 19$289$289
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$18K$18K
Total functional expensesLn 25$385K$269K$116K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $640K$654K−$13K$2.4M 990 PDF
FY2023 $550K$493K$58K$2.3M 990 PDF
FY2022 $372K$449K−$77K$2.1M 990 PDF
FY2021 $329K$357K−$28K$2.4M 990 PDF
FY2020 Viewing $324K$385K−$60K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $324,412 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $203,901$309,399
I-10 Investment incomePrior year $7,406$15,013
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $211,307$324,412
I-13 Grants and similar amounts paidPrior year $0$5,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$338,009
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $164,874$41,664
I-18 Total expensesPrior year $164,874$384,673
I-19 Revenue less expensesPrior year $46,433−$60,261
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $324,412 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $309,399$309,399
VIII-3 Investment incomeExcluded from tax $15,013$15,013
VIII-12 Total revenueRelated to mission $309,399 · Unrelated business $0 · Excluded from tax $15,013$324,412
Part IX · Statement of functional expenses $384,673 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffManagement $103,193$103,193
IX-7 Other salaries and wagesPrograms $207,393$207,393
IX-8 Pension plan contributionsPrograms $10,372$10,372
IX-10 Payroll taxesPrograms $10,935 · Management $6,116$17,051
IX-11c Accounting feesManagement $6,144$6,144
IX-12 Advertising and promotionManagement $566$566
IX-13 Office expensesPrograms $2,124$2,124
IX-14 Information technologyPrograms $1,721$1,721
IX-16 OccupancyPrograms $4,747$4,747
IX-19 Conferences, conventions and meetingsPrograms $289$289
IX-22 Depreciation, depletion and amortizationPrograms $6,268$6,268
IX-23 InsurancePrograms $1,355$1,355
IX-24 Other expenses (24a–d)Programs $18,450$18,450
IX-25 Total functional expensesPrograms $268,654 · Management $116,019 · Fundraising $0$384,673
Part X · Balance sheet $2,136,516 assets, 12 lines filed
X-2 Savings and temporary cash investmentsStart of year $694,834$336,237
X-4 Accounts receivableStart of year $30,011$83,409
X-10c Land, buildings and equipment, netStart of year $104,869$109,688
X-15 Other assetsStart of year $1,199,623$1,607,182
X-16 Total assetsStart of year $2,029,337$2,136,516
X-17 Accounts payable and accrued expensesStart of year $15,837$21,723
X-19 Deferred revenueStart of year $9,834$0
X-26 Total liabilitiesStart of year $25,671$21,723
X-27 Net assets without donor restrictionsStart of year $1,661,329$1,772,456
X-28 Net assets with donor restrictionsStart of year $342,337$342,337
X-32 Total net assets or fund balancesStart of year $2,003,666$2,114,793
X-33 Total liabilities and net assetsStart of year $2,029,337$2,136,516
Part XI · Reconciliation of net assets $2,114,793 net assets at year end
XI-1 Total revenue$324,412
XI-2 Total expenses$384,673
XI-3 Revenue less expenses−$60,261
XI-4 Net assets at start of year$2,003,666
XI-5 Net unrealized gains (losses) on investments$67,355
XI-9 Other changes in net assets$104,033
XI-10 Net assets at end of year$2,114,793

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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