Overview
What is Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw?
Ocean Housing Development III Inc., represented by Kimberly Veith LCSW, is a nonprofit organization situated in Bayville, New Jersey. Their primary mission is to offer low-income housing opportunities specifically for individuals with disabilities. By providing such housing, the organization aims to contribute positively to the lives of these individuals, thereby ensuring they have a suitable living environment. The organization does not disclose any additional details about its operations or initiatives, but its primary focus remains on housing assistance for disabled individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 46%, Zero-Star out of Four Star rating.
Ocean Housing Development III Inc has received a low rating of 46% from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. While the organization excels in having a completely independent board and has no material diversion of assets, it suffers from several critical shortcomings that impact its overall score.
Key weaknesses include the absence of essential policies, such as a conflict of interest policy and a whistleblower policy, both of which are vital for maintaining organizational integrity. Additionally, the nonprofit's website is lacking critical information, including tax forms and documentation regarding financial and operational policies. The liabilities to assets ratio is notably high at 104.63%, suggesting potential financial instability, which lowers its financial health score significantly.
Despite a reasonable program expense ratio of 60.01%, the overall lack of transparency and governance practices raises red flags for potential donors and stakeholders. The organization will need to address these deficiencies to improve its standing and regain trust within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw legitimate?
Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $30,514
For more financial information, click here
What is the mission statement of Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw?
Ocean Housing Development III Inc, as a organization, is committed to providing low-income housing for individuals with disabilities. Their primary mission is to offer a living space for those who may face challenges due to their health conditions, ensuring they have a suitable place to call home. By doing so, the organization aims to contribute positively to their well-being and overall quality of life. This mission is carried out with a focus on affordable housing, ensuring that individuals with disabilities have equal opportunities to live independently and with dignity.
Who is the CEO of Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw?
Kimberly Veith is the Trustee of Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw. The CEO's salary of Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw is $0 and their total compensation is $191,699.
What is the revenue of Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw?
Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw's revenue in 2023 was $75,436.
Who are the executives of Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw and what are their salaries?
Here are 15 key members and their salaries (Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw's CEO's salary is $0 and their total compensation is $191,699):
- Compensation: $0
- Related: $221,466
- Other: $6,774
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- Related: $154,899
- Other: $36,800
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- Related: $160,968
- Other: $25,813
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Where can I find the form 990 for Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw?
Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw
Ocean Housing Development III Inc. C/O Kimberly Veith LCSW is dedicated to providing low-income housing opportunities for individuals with disabilities. Their mission is centered around ensuring that individuals with disabilities have access to suitable living spaces, providing them with the necessary support they require to live independently and with dignity. This nonprofit organization strives to create a community where individuals with disabilities can thrive, fostering a sense of belonging and empowerment. By offering low-income housing, Ocean Housing Development III Inc. is making a significant contribution to the well-being and independence of disabled individuals, contributing to a more inclusive and equitable society.
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Impact
August, 2024
Ocean Housing Development III Inc, under the leadership of Kimberly Veith LCSW, has a significant impact on the community by providing low-income housing to disabled individuals in Bayville, NJ. Through their mission to offer affordable housing options to this vulnerable population, they are making a positive difference in the lives of those who may struggle to find suitable housing options on their own. The organization's commitment to serving disabled individuals ensures that they have access to safe and stable housing, ultimately improving their quality of life and overall well-being.
This information is meant to be a general summary of Ocean Housing Development Iii Inc C/O Kimberly Veith Lcsw. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $46
- Program Service Revenue: $75,390
- Gross Receipts: $75,436
Assets and Liabilities:
- Total Assets: $741,066
- Total Liabilities: $775,440
- Net Assets: -$34,374
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$75,390
Organization Details
Founding Year
2008
Phone
(732) 349-5550Principal Officer
Kimberly Veith
Main Address
687 ROUTE 9, BAYVILLE, NJ, 08721
NTEE Category
Code: L20 - Housing
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