2025-07-17T11:02:27-04:00 2024-09-30 223118342 LINDA M AVENA CPA PA 2581 E CHESTNUT AVE SUITE B VINELAND NJ 08361 990 2023-10-01 851978578 OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION OCEA 6093991062 635 WEST AVENUE OCEAN CITY NJ 08226 JACQUELINE JONES SECRETARY/TREASURER 6093991062 2025-07-07 true LINDA M CAVALLO P00624904 8566968000 2025-07-07 2023 2025-03-06 01:10:19Z ROBERT BARR 204 E 4TH STREET OCEAN CITY NJ 08226 102614 false X OCEANCITYHA.ORG X 2017 NJ TO DEVELOP AFFORDABLE RENTAL HOUSING FOR LOW INCOME FAMILIES 6 6 0 215 1570329 46782 55617 228 215 0 1570557 102614 0 0 0 0 0 9671 107956 9671 107956 1560886 -5342 4508376 4344710 2823418 2665094 1684958 1679616 TO DEVELOP AFFORDABLE RENTAL HOUSING FOR LOW INCOME FAMILIES false false 107956 55617 TO DEVELOP AND PROVIDE AFFORDABLE RENTAL HOUSING UNITS FOR NEEDY, LOW INCOME HOUSEHOLDS OF THE CITY OF OCEAN CITY, NEW JERSEY. DURING FISCAL YEAR END 9/30/2024 CONSTRUCTION ON 5 DUPLEXES, CONSISTING OF 10 FAMILY UNITS, WERE COMPLETED. THEY WERE AVAILABLE FOR RENT IN MAY 2024. TWO UNITS ARE HANDICAP ACCESSIBLE WITH ELEVATORS. ALL UNITS WERE FULLY RENTED. 107956 true false false false false false false false true false true false false false true false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 0 false false false false false false false false X 6 6 false true false false false false false true true false false true true true true false false false false false X X JACQUELINE JONES 6093991062 204 E 4TH AVENUE OCEAN CITY NJ 08226 X ROBERT BARR CHAIRMAN OF X X 0 0 0 BRIAN BROADLEY COMMISSIONER X 0 0 0 ROBERT SCOTT HALLIDAY VICE CHAIRMA X X 0 0 0 ROBERT HENRY COMMISSIONER X 0 0 0 BEVERLY MCCALL COMMISSIONER X 0 0 0 PATRICIA MILES-JACKSON COMMISSIONER X 0 0 0 JACQUELINE JONES SECRETARY/TR X 0 0 0 false false false 1230 45552 46782 TENANT RENTS 54112 54112 MISCELLANEOUS TENAT REVENUE 1505 1505 55617 215 215 102614 55617 215 15615 13415 2200 1319 1319 390 390 39795 39545 250 16350 16333 17 34041 34041 388 348 40 MISCELLANEOUS 58 58 107956 105001 2955 0 1156404 284255 28 327 520 4718 4089230 34041 4055189 3351645 4508376 4344710 16855 2205047 2450047 618371 198192 2823418 2665094 X 1684958 1679616 1684958 1679616 4508376 4344710 -5342 X false true X true false X false true X 4072000 4072000 17230 17230 34041 -34041 4055189 ACCRUED LIABILITY - CIP 160409 ACCRUED INTEREST PAYABLE 16333 DUE TO OCEAN CITY HOUSING AUTHORITY 11647 ACCRUED AUDITING 9500 ACCRUED UTILITIES 303 198192 SCHEDULE D, PAGE 2, PART IV, LINE 2B OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION REQUIRES SECURITY DEPOSITS FROM TENANTS FOR THE DURATION OF THEIR LEASE. ON 10/1/2023 THE BALANCE WAS 0 DUE TO UNITS STILL BEING CONSTRUCTED. ADDITIONS DURING THE FISCAL YEAR WERE 16,855. THERE WERE NO SUBTRACTIONS DURING THE FISCAL YEAR. THE BALANCE AT 9/30/2024 WAS 16,855. FORM 990, PAGE 6, PART VI, LINE 3 OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION (OCCDC) HAS CONTRACTED WITH OCEAN CITY HOUSING AUTHORITY (OCHA) TO MANAGE THE EXEMPT ORGANIZATION. THE SERVICES OCHA PERFORMS INCLUDE, BUT ARE NOT LIMITED TO, SUPERVISING THE DAILY ADMINISTRATION OPERATIONS, PREPARING MONTHLY FINANCIAL REPORTS, EXECUTING BUDGETS, AND SUPERVISING MAINTENANCE OPERATIONS INCLUDING EMERGENCY REPAIRS. FORM 990, PAGE 6, PART VI, LINE 11B FORM 990 AFTER COMPLETION IS PROVIDED TO OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION'S GOVERNING BODY WHERE THE CHAIRMAN REVIEWS IT WITH THE BOARD. FORM 990, PAGE 6, PART VI, LINE 12C CONFLICTS OF INTEREST POLICY IS PROVIDED TO OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION'S POTENIAL EMPLOYEES AND BOARD MEMBERS AND ARE REVIEWED WITH THEM AT THAT TIME. FORM 990, PAGE 6, PART VI, LINE 19 OCEAN CITY COMMUNITY DEVELOPMENT CORPORATION ENCOURAGES PUBLIC REVIEW OF ALL POLICIES AND PROCEDURES NOT HAVING TO DO WITH PERSONNEL MATTERS. FINANCIAL REPORTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST AND POSTED ON ORGANIZATION'S WEBSITE.