OCEAN HOUSING DEVELOPMENT II INC C/O KIMBERLY VEITH LCSW (EIN 204852154) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

KIMBERLY VEITH LCSW

Phone

7323495550

Tax Period

2024-07-01 to 2025-06-30

OCEAN HOUSING DEVELOPMENT II INC C/O KIMBERLY VEITH LCSW, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $79K in total revenue in fiscal year 2024. Net assets of $718K represent 108 months of operating reserves.

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $79,409

Investment Income $76

Other Revenue $0

TOTAL REVENUE $79,485

Expense Breakdown

Grants Paid $0

Salaries & Benefits $33,697

Fundraising Expenses $0

Program Expenses $54,636

Other Expenses $47,609

TOTAL EXPENSES $81,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,485	$79,213	+0.0%
Expenses	$81,306	$89,205	-0.1%
Net Income	$-1,821	$-9,992	-0.8%

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

Governance

Voting Members

Independent Members

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

$520,691

Total Directors

$229,260

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY VEITH LCSW	PRES/CEO NON	0.50	Officer	$0	$42,001	$291,431
KATHY GREENE	SECRETARY	0.50	Officer Director	$0	$26,286	$229,260
ARTHUR BAILEY	TRUSTEE	0.50	Director	$0	$0	$0
ABDULLAH BAHIYYAH	VICE PRESIDE	0.50	Officer Director	$0	$0	$0
PATRICIA CASH	TRUSTEE	0.50	Director	$0	$0	$0
THOMAS DELLANE	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
ED HLAVACH	TRUSTEE	0.50	Director	$0	$0	$0
ARNOLD WILLIAMS MD	TREASURER	0.50	Officer Director	$0	$0	$0
BARBARA MILES	TRUSTEE	0.50	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	$79,485	$81,306	$743,277	$-1,821
2024	$79,213	$89,205	$736,519	$-9,992
2023	$83,048	$80,215	$747,309	$2,833
2022	$76,461	$80,409	$751,316	$-3,948
2021	$72,073	$71,077	$746,225	$996
2020	$72,526	$67,710	$744,301	$4,816
2019	$68,661	$65,301	$744,223	$3,360

OCEAN HOUSING DEVELOPMENT II INC C/O KIMBERLY VEITH LCSW