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
73 cents of each dollar spent went to programs.
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
12 people listed on the 990; $96K paid to officers and key staff.
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
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| 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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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…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $296K | $257K |
| Land, buildings, equipmentLn 10c | $123K | $202K |
| Total assetsLn 16 | $2.2M | $2.4M |
| LiabilitiesLn 26 | $108K | $106K |
| Net assetsLn 32 | $2.1M | $2.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $104K | $104K | ||
| Other salaries and wagesLn 7 | $295K | $295K | ||
| Pension plan contributionsLn 8 | $2K | $2K | ||
| Other employee benefitsLn 9 | $3K | $3K | ||
| Payroll taxesLn 10 | $24K | $16K | $7K | |
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $9K | $9K | ||
| Investment management feesLn 11f | $9K | $9K | ||
| Office expensesLn 13 | $3K | $3K | ||
| Information technologyLn 14 | $3K | $3K | ||
| OccupancyLn 16 | $6K | $6K | ||
| TravelLn 17 | $4K | $4K | ||
| Conferences, conventions and meetingsLn 19 | $337 | $337 | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $369 | $369 | ||
| Other expenses (24a–d)Ln 24 | $24K | $24K | ||
| Total functional expensesLn 25 | $493K | $362K | $131K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $640K | $654K | −$13K | $2.4M | 990 PDF |
| FY2023 Viewing | $550K | $493K | $58K | $2.3M | 990 PDF |
| FY2022 | $372K | $449K | −$77K | $2.1M | 990 PDF |
| FY2021 | $329K | $357K | −$28K | $2.4M | 990 PDF |
| FY2020 | $324K | $385K | −$60K | $2.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $550,187 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, no flags
Part VIII · Statement of revenue $550,187 across 5 lines filed
Part IX · Statement of functional expenses $492,570 across 16 lines filed
Part X · Balance sheet $2,373,411 assets, 13 lines filed
Part XI · Reconciliation of net assets $2,266,963 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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