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Ocean City 2406 Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 222294651 ✦ Neptune, NJ ✦ Designated as a 501(c)(3)

Overview

What is Ocean City 2406 Inc?

Ocean City 2406 Inc is a nonprofit organization situated in Neptune, New Jersey. The primary focus of this organization is to provide housing for senior and handicapped individuals, with a total of 60 apartments. These apartments are financed through the U.S. Department of Housing and Urban Development (HUD), and they have maintained an average occupancy rate of 98%. The mission of Ocean City 2406 Inc, as described, is to serve the community with compassion, aiming to empower individuals to lead fulfilling lives. The organization employs a team of five dedicated individuals to carry out its operations.


Official website here: www.umcommunities.org

Is Ocean City 2406 Inc legitimate?

Ocean City 2406 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean City 2406 Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $271,884

For more financial information, click here


Official website here: www.umcommunities.org

What is the mission statement of Ocean City 2406 Inc?

Ocean City 2406 Inc's mission is centered around compassionately serving the community, ensuring that all individuals have the freedom to pursue a fulfilling life. They strive to create an environment where senior and handicapped individuals can thrive, providing them with the necessary housing through funding from HUD. Their apartments are in high demand, with an average occupancy rate of 98%. In essence, Ocean City 2406 Inc is dedicated to enhancing the lives of its residents by promoting a sense of community and fostering an environment that supports their choice of an abundant life.


Official website here: www.umcommunities.org

Who is the CEO of Ocean City 2406 Inc?

Lawrence D Carlson is the Secretary of Ocean City 2406 Inc.


Official website here: www.umcommunities.org

What is the revenue of Ocean City 2406 Inc?

Ocean City 2406 Inc's revenue in 2022 was $1,275,497.


Official website here: www.umcommunities.org

Who are the executives of Ocean City 2406 Inc and what are their salaries?

The average compensation at Ocean City 2406 Inc during 2022 was $54,377. There are 5 employees and 35 volunteers at Ocean City 2406 Inc.

Here are 7 key members and their salaries:

    Lawrence D Carlson (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $449,305
  • Other: $0

    • Rev Edward Carll (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jana Purkis-Brash (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gavin Stobie (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lawrence E Johnson Iii (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Jackson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rev Christopher L Miller (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.umcommunities.org

    Where can I find the form 990 for Ocean City 2406 Inc?

    The Ocean City 2406 Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.umcommunities.org

    Learn more at the official website: www.umcommunities.org

    Mission Statement of Ocean City 2406 Inc

    Ocean City 2406 Inc, as a nonprofit organization, is dedicated to compassionately serving the community with the goal that everyone has the freedom to pursue a fulfilling life. Their mission, in essence, is to empower individuals by creating an environment where they can make informed choices leading to an abundant existence. By providing 60 apartments for senior and handicapped individuals, Ocean City 2406 Inc plays a significant role in supporting these communities, ensuring they have a safe and secure living space. The organization consistently maintains an occupancy rate of 98%, demonstrating its commitment to providing housing solutions for those in need.

    Impact

    This information is meant to be a general summary of Ocean City 2406 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Ocean City 2406 Inc has a significant impact in Neptune, New Jersey by providing 60 apartments for senior and handicapped individuals. Their HUD-financed apartments have an occupancy rate of 98%, ensuring that those in need have access to affordable housing. By compassionately serving the community, Ocean City 2406 Inc allows individuals to choose abundant life despite their challenges. Through their dedicated efforts, they contribute to the well-being and quality of life for senior and handicapped individuals in Neptune.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $69
  • Program Service Revenue: $1,151,568
  • Gross Receipts: $1,275,497

    • Assets and Liabilities:
  • Total Assets: $4,974,154
  • Total Liabilities: $4,457,559
  • Net Assets: $516,595
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Fees & Contract Gov Agenc

    Revenue

    $890,398

    Other Revenue

    Revenue

    $28,602

    Rent from Residents

    Revenue

    $232,568

    Organization Details

    Founding Year

    1980

    Principal Officer

    Lawrence D Carlson

    Main Address

    3311 State Route 33, Neptune, NJ, 07753

    NTEE Category

    Code: L21Z - Housing

    If you are a representative of Ocean City 2406 Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.