Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2008.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
100 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
15 people listed on the 990.
Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Builds economic foundations to boost community growth, jobs, and quality of life.
Questions for Ocdc INC
Your first name shows with your question. Ocdc INC answers here, for everyone.
To create public awareness and involvement to respond to the economic conditions that challenge the community's future growth; support small business development by facilitating access to financial resources and other assistance programs; assist small business creation through the redevelopment of existing properties and the development…
To enhance and reimagine the downtown space by updating play areas, landscaping, and overall park design, creating a central community gathering place that supports events, draws visitors, benefits nearby businesses, and strengthens downtown activity.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $115K | $93K |
| InvestmentsLn 11–13 | $508K | $488K |
| Land, buildings, equipmentLn 10c | $8.4M | $7.9M |
| Total assetsLn 16 | $11.7M | $11.2M |
| LiabilitiesLn 26 | $6.3M | $5.7M |
| Net assetsLn 32 | $5.4M | $5.5M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $101K | $101K | ||
| Accounting feesLn 11c | $6K | $6K | ||
| Other fees for servicesLn 11g | $1K | $1K | ||
| Advertising and promotionLn 12 | $4K | $4K | ||
| Information technologyLn 14 | $805 | $805 | ||
| OccupancyLn 16 | $106K | $106K | ||
| InterestLn 20 | $360K | $360K | ||
| Depreciation, depletion and amortizationLn 22 | $258K | $258K | ||
| Other expenses (24a–d)Ln 24 | $624K | $624K | ||
| All other expensesLn 24e | $9K | $9K | ||
| Total functional expensesLn 25 | $1.5M | $1.5M | $6K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Aug 27, 2026 | $1.7M | $1.5M | $236K | $5.5M | 990 PDF |
| FY2024Filed with the IRS Jul 22, 2025 | $2.6M | $1.4M | $1.3M | $5.4M | 990 PDF |
| FY2023Filed with the IRS Jul 30, 2024 | $1.1M | $861K | $270K | $4.2M | 990 PDF |
| FY2022Filed with the IRS Jul 6, 2023 | $1.4M | $860K | $545K | $3.9M | 990 PDF |
| FY2021Filed with the IRS Jun 28, 2022 | $1.3M | $769K | $559K | $3.4M | 990 PDF |
| FY2020Filed with the IRS Aug 18, 2021 | $878K | $719K | $158K | $2.8M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990 (6 parts)
Part I · Summary $1,706,253 revenue, 12 lines filed
Part VI · Governance 14 of 14 board members independent, 5 to look at
Part VIII · Statement of revenue $1,706,253 across 9 lines filed
Part IX · Statement of functional expenses $1,470,328 across 10 lines filed
Part X · Balance sheet $11,182,259 assets, 11 lines filed
Part XI · Reconciliation of net assets $5,513,448 net assets at year end
Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File
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