OCEAN HOUSING DEVELOPMENT III INC C/O KIMBERLY VEITH LCSW (EIN 204852205) - 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

2008

Legal Domicile

Principal Officer

KIMBERLY VEITH

Phone

7323495550

Tax Period

2023-07-01 to 2024-06-30

OCEAN HOUSING DEVELOPMENT III INC C/O KIMBERLY VEITH LCSW, founded in 2008, is a micro nonprofit in the Housing & Shelter sector that reported $77K in total revenue in fiscal year 2023.

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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $76,701

Investment Income $48

Other Revenue $0

TOTAL REVENUE $76,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,719

Fundraising Expenses $0

Program Expenses $57,995

Other Expenses $48,821

TOTAL EXPENSES $81,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$76,749	$75,436	+0.0%
Expenses	$81,540	$72,595	+0.1%
Net Income	$-4,791	$2,841	-2.7%

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

$491,251

Total Directors

$215,553

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIMBERLY VEITH	PRES/CEO NON	0.50	Officer	$0	$40,426	$275,698
KATHY GREENE	SECRETARY	0.50	Officer Director	$0	$26,060	$215,553
BAHIYAH ABDULLAH	TRUSTEE	0.50	Director	$0	$0	$0
ARTHUR BAILEY	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	$76,749	$81,540	$736,843	$-4,791
2023	$75,436	$72,595	$741,066	$2,841
2022	$56,118	$66,762	$749,723	$-10,644
2021	$68,474	$68,394	$751,418	$80
2020	$66,720	$61,432	$756,140	$5,288
2019	$69,992	$64,341	$763,087	$5,651

OCEAN HOUSING DEVELOPMENT III INC C/O KIMBERLY VEITH LCSW