OCEAN HOUSING FOUNDATION (EIN 954586389) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

JOSEPH SIMONESCHI

Phone

8187822211

Tax Period

2024-07-01 to 2025-06-30

OCEAN HOUSING FOUNDATION, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $153K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $417K exceeded revenue, resulting in a 173% operating deficit.

Mission

TO PROVIDE HOUSING AND SUPPORT SERVICES FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,068

Program Service Revenue $70,453

Investment Income $240

Other Revenue $2,087

TOTAL REVENUE $152,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $380,373

Other Expenses $417,306

TOTAL EXPENSES $417,306

Year-over-Year Comparison

	2024	2023	Change
Revenue	$152,848	$162,377	-0.1%
Expenses	$417,306	$489,872	-0.1%
Net Income	$-264,458	$-327,495	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$1,063,347

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAUL MILLER	PRESIDENT	0.30	Officer Director	$0	$0	$0
MARGARET ROSE SCHULTZ	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
BRANDON FEITELSON	SECRETARY/TREASURER	0.30	Officer Director	$0	$0	$0
KEVIN P MCCARTHY	DIRECTOR	0.30	Director	$0	$0	$0
LORI ANDERSON	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$23,000	$677,539
JOSEPH SIMONESCHI	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$23,000	$385,808

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	$152,848	$417,306	$2,079,634	$-264,458
2024	No data	No data	No data	No data
2023	$144,987	$374,981	$2,326,484	$-229,994
2022	$143,647	$341,475	$2,423,814	$-197,828
2021	$140,830	$329,713	$2,542,847	$-188,883
2020	$140,706	$304,562	$2,632,661	$-163,856
2019	$137,202	$311,783	$2,708,488	$-174,581

OCEAN HOUSING FOUNDATION