Ocean Housing Development I Incorporated
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 56,367 | 53,308 | 3,059 | -3.4 | 0% |
| 2012 | 55,431 | 57,638 | −2,207 | -3.6 | 0% |
| 2013 | 56,054 | 52,060 | 3,994 | -3.0 | 0% |
| 2014 | 61,188 | 64,849 | −3,661 | -3.1 | 0% |
| 2015 | 59,166 | 71,413 | −12,247 | -4.9 | 0% |
| 2016 | 66,081 | 66,170 | −89 | -5.3 | 0% |
| 2017 | 64,434 | 65,921 | −1,487 | -5.6 | 0% |
| 2018 | 65,638 | 64,456 | 1,182 | -5.5 | 42% |
| 2019 | 59,182 | 65,479 | −6,297 | -6.6 | 43% |
| 2020 | 71,064 | 62,426 | 8,638 | -5.2 | 47% |
| 2021 | 70,143 | 72,131 | −1,988 | -4.8 | 39% |
| 2022 | 72,925 | 74,690 | −1,765 | -5.0 | 41% |
| 2023 | 66,893 | 71,759 | −4,866 | -6.0 | 43% |
| 2024 | 64,264 | 77,804 | −13,540 | -7.6 | 42% |
In its most recent public year (2024), this organization spent $13,540 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-7.6 months), down from -3.4 in 2011. Staff pay was 42% of spending.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2024. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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