Ocean Bay Community Developement Corporation

Tax-deductible

Arverne, NY501(c)(3)Community DevelopmentEIN 84-1622031Revenue $1.6M in FY2024

On file with the IRS434 Beach 54th St, 11692-1550 · Arverne, NYTax-exempt since Nov 2003Publicly supported charity — 170(b)(1)(A)(vi)

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Revitalize the Community. Provides a source of services to promote the social economic well being of person in the community of Ocean Bay.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
Run by 34 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
3 of 4
filings with a surplus
Average surplus $16K a year · 1% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$105K
to officers and key staff · 6% of spending
Top officer’s pay lower than 78% of similar orgs
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $97K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$582K
81% of total assets
Concern: liabilities are 81% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-15% vs prior year
Spent
$1.8M
To programs
79%
Net assets
$138K
By yearFY2021–FY2024
Revenue
$1.6M
FY2024▼ -15%
Tap a bar for its year
Revenue by fiscal year
FY2021$579K
FY2022$1.1M
FY2023$1.8M
FY2024$1.6M
Expenses
$1.8M
FY2024>-0.01%
Tap a bar for its year
Expenses by fiscal year
FY2021$553K
FY2022$869K
FY2023$1.8M
FY2024$1.8M
Net assets
$138K
FY2024▼ -65%
Tap a bar for its year
Net assets by fiscal year
FY2021$101K
FY2022$367K
FY2023$393K
FY2024$138K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2003.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $1.4M Management & general 20% · $369K Fundraising 1% · $16K

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

5 people listed on the 990; $105K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$104,662Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Vice-Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Ebony Beaty’s $105K as Executive Dir. is at the 22nd percentile of top reported officer pay among 2832 $1–10M community development 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

NameFY2024FY2023FY2021
Ebony Beaty$104,662$90,000$76,667

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.

See Ocean Bay Community Developement Corporation executive salaries →

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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 15aNo

Programs and updates

Improves community well-being through social and economic services.

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Provided by the organization

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1 program · $1.4M · in their own filed words · FY2024
01

OBCDC was founded as an information and referral organization to help NYCHA housing families identify and access essential services. As demand increased and providers remained scarce, we established direct service programs, growing into a vital hub for innovative initiatives in Far Rockaway.

$1.4Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$97K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.5M
Other incomeLn 4–11$19K
Investment incomeLn 3$497
Money outPt IX
$1.8M
Ln 25
Programscol B$1.4M
Managementcol C$369K
Fundraisingcol D$16K
Owns and owesPt X
$138K
net assets · Ln 32
Cash and savingsLn 1–2$215K
Total assetsLn 16$720K
LiabilitiesLn 26$582K
PeoplePt VI, VII
5
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Government grantsLn 1e$1.4M
Investment incomeLn 3$497
Other incomeLn 4–11$19K
Gains on assetsLn 7$0
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$193K
SavingsLn 2$22K
Cash and savings togetherLn 1–2$215K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$130K
Other assetsLn 15$40K
Total assetsLn 16$720K
LiabilitiesLn 26$582K
Net assetsLn 32$138K
OperationsPt I, VI
EmployeesI 57
VolunteersI 634
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$85K$215K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$130K$130K
Total assetsLn 16$894K$720K
LiabilitiesLn 26$501K$582K
Net assetsLn 32$393K$138K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$29K$29K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$829K$733K$96K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$117K$100K$17K
Payroll taxesLn 10$0
Management feesLn 11a$500$500
Legal feesLn 11b$28K$28K
Accounting feesLn 11c$57K$57K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$62K$60K$2K
Advertising and promotionLn 12$0
Office expensesLn 13$55K$27K$28K
Information technologyLn 14$35K$17K$17K
RoyaltiesLn 15$0
OccupancyLn 16$262K$248K$13K
TravelLn 17$11K$10K$568
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$33K$13K$4K$16K
InterestLn 20$569$569
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$37K$3K$34K
Other expenses (24a–d)Ln 24$236K$201K$35K
All other expensesLn 24e$19K$12K$7K
Total functional expensesLn 25$1.8M$1.4M$369K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.6M$1.8M−$255K$138K 990 PDF
FY2023 $1.8M$1.8M$26K$393K 990 PDF
FY2022 $1.1M$869K$266K$367K 990 PDF
FY2021 $579K$553K$26K$101K 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 FY2024 990 (6 parts)
Part I · Summary $1,555,769 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,831,989$1,536,268
I-9 Program service revenue$0
I-10 Investment incomePrior year $4,401$497
I-11 Other revenue$19,004
I-12 Total revenuePrior year $1,836,390$1,555,769
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $964,033$975,027
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $846,717$835,550
I-18 Total expensesPrior year $1,810,750$1,810,577
I-19 Revenue less expensesPrior year $25,640−$254,808
Part VI · Governance 4 of 4 board members independent, 2 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $1,555,769 across 10 lines filed
VIII-1e Government grants$1,366,861
VIII-1f All other contributions, gifts and grants$169,407
VIII-1h Total contributions, gifts and grants$1,536,268
VIII-3 Investment incomeExcluded from tax $497$497
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $19,004$19,004
VIII-12 Total revenueRelated to mission $19,004 · Excluded from tax $497$1,555,769
Part IX · Statement of functional expenses $1,810,577 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $29,450$29,450
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $732,641 · Management $96,048$828,689
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $99,794 · Management $17,094$116,888
IX-10 Payroll taxes$0
IX-11a Management feesManagement $500$500
IX-11b Legal feesManagement $27,500$27,500
IX-11c Accounting feesManagement $56,870$56,870
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $60,095 · Management $1,700$61,795
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $26,802 · Management $28,398$55,200
IX-14 Information technologyPrograms $17,475 · Management $17,456$34,931
IX-15 Royalties$0
IX-16 OccupancyPrograms $248,421 · Management $13,112$261,533
IX-17 TravelPrograms $10,471 · Management $568$11,039
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsPrograms $13,445 · Management $3,561 · Fundraising $16,241$33,247
IX-20 InterestManagement $569$569
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsurancePrograms $3,138 · Management $34,272$37,410
IX-24 Other expenses (24a–d)Programs $200,566 · Management $35,491$236,057
IX-24e All other expensesPrograms $12,297 · Management $6,602$18,899
IX-25 Total functional expensesPrograms $1,425,145 · Management $369,191 · Fundraising $16,241$1,810,577
Part X · Balance sheet $719,999 assets, 21 lines filed
X-1 Cash, non-interest-bearing$193,015
X-2 Savings and temporary cash investmentsStart of year $84,716$21,559
X-3 Pledges and grants receivableStart of year $617,365$323,609
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $22,123$12,123
X-10c Land, buildings and equipment, netStart of year $129,694$129,694
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $39,999$39,999
X-16 Total assetsStart of year $893,897$719,999
X-17 Accounts payable and accrued expensesStart of year $136,986$162,571
X-19 Deferred revenueStart of year $299,663$384,504
X-24 Unsecured notes and loans payableStart of year $63,000$35,000
X-26 Total liabilitiesStart of year $501,165$582,075
X-27 Net assets without donor restrictionsStart of year $243,632−$11,176
X-28 Net assets with donor restrictionsStart of year $149,100$149,100
X-32 Total net assets or fund balancesStart of year $392,732$137,924
X-33 Total liabilities and net assetsStart of year $893,897$719,999
Part XI · Reconciliation of net assets $137,924 net assets at year end
XI-1 Total revenue$1,555,769
XI-2 Total expenses$1,810,577
XI-3 Revenue less expenses−$254,808
XI-4 Net assets at start of year$392,732
XI-10 Net assets at end of year$137,924

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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