OCEAN HOUSING DEVELOPMENT I INC C/O KIMBERLY VEITH LCSW

EIN: 201797292 501(c)(3) Housing & Shelter

BAYVILLE, NJ

Total Revenue
$64,264
Total Expenses
$77,804
Total Assets
$523,704
Net Assets
$-49,286
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NJ
Principal Officer
KIMBERLY VEITH LCSW
Phone
7323495550
Tax Period
2023-07-01 to 2024-06-30

OCEAN HOUSING DEVELOPMENT I INC C/O KIMBERLY VEITH LCSW, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $64K in total revenue in fiscal year 2023. Expenses of $78K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO DISABLED INDIVIDUALS

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $64,224
Investment Income $40
Other Revenue $0
TOTAL REVENUE $64,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $32,719
Fundraising Expenses $0
Program Expenses $55,273
Other Expenses $45,085
TOTAL EXPENSES $77,804

Year-over-Year Comparison

2023 2022 Change
Revenue $64,264 $66,893 0.0%
Expenses $77,804 $71,759 +0.1%
Net Income $-13,540 $-4,866 +1.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$491,251
Total Directors
14
$215,553
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KIMBERLY VEITH LCSW PRES/CEO NON 0.50
Officer
$0 $40,426 $275,698
KATHY GREENE SECRETARY 0.50
Officer Director
$0 $26,060 $215,553
ARTHUR BAILEY TRUSTEE 0.50
Director
$0 $0 $0
ABDULLAH BAHIYYAH TRUSTEE 0.50
Director
$0 $0 $0
PATRICIA CASH TRUSTEE 0.50
Director
$0 $0 $0
LISA FERRARO TRUSTEE 0.50
Director
$0 $0 $0
SHIRLEY GILES TRUSTEE 0.50
Director
$0 $0 $0
MITCH LITTLE TRUSTEE 0.50
Director
$0 $0 $0
ARNOLD WILLIAMS MD TRUSTEE 0.50
Director
$0 $0 $0
BARBARA MILES VICE PRESIDE 0.50
Officer Director
$0 $0 $0
ROCCO NOVELLINO TRUSTEE 0.50
Director
$0 $0 $0
SYLVIA STARK PSD TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL SCHRADER TREASURER 0.50
Officer Director
$0 $0 $0
JOHN VOWTERAS TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL YORK TRUSTEE 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $64,264 $77,804 $523,704 $-13,540
2023 $66,893 $71,759 $527,913 $-4,866
2022 $72,925 $74,690 $531,811 $-1,765
2021 $70,143 $72,131 $531,335 $-1,988
2020 $71,064 $62,426 $532,762 $8,638
2019 $59,182 $65,479 $532,931 $-6,297
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