Overview
What is Ocean Housing Alliance Inc?
Ocean Housing Alliance Inc, based in Point Pleasant, New Jersey, is a dedicated nonprofit organization. Its primary mission is to provide housing solutions for individuals with mental illnesses, preventing homelessness or institutionalization. The organization runs a 48-bed healthcare facility, ensuring a safe, healthy, and caring environment for its residents. With a committed workforce of 29 employees, Ocean Housing Alliance Inc is committed to making a positive impact in the lives of those in need.
Official website here: www.oceanhousingalliance.com
What are the reviews and ratings of this charity?
Charity Navigator rating: 96%, Four-Star out of Four Star rating.
Ocean Housing Alliance Inc has received an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and financial health. With a perfect score of 100% in the Accountability & Finance category, the organization demonstrates effective governance and transparency, essential for instilling donor confidence.
The nonprofit boasts an independent board comprised of 91% members, ensuring unbiased oversight. It has also implemented several policies, including conflict of interest and whistleblower protections, which enhance its operational integrity. Furthermore, the organization achieves a high program expense ratio of 90.40%, indicating that a significant portion of its funds directly support its mission.
While the organization excels in financial management and governance, there are no notable limitations highlighted in the available data. Overall, Ocean Housing Alliance Inc stands out as a well-managed nonprofit dedicated to its cause, making it a commendable choice for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Ocean Housing Alliance Inc legitimate?
Ocean Housing Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ocean Housing Alliance Inc 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: $68,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $484,591
For more financial information, click here
Official website here: www.oceanhousingalliance.com
What is the mission statement of Ocean Housing Alliance Inc?
Ocean Housing Alliance Inc is committed to creating a safe, healthy, pleasant, and caring environment for residents living in a 48-bed health care facility. Their mission is to provide housing solutions for individuals with mental illnesses, preventing them from becoming homeless or institutionalized. By offering a nurturing environment, Ocean Housing Alliance Inc aims to support the well-being and quality of life for these individuals.
Official website here: www.oceanhousingalliance.com
What is the revenue of Ocean Housing Alliance Inc?
Ocean Housing Alliance Inc's revenue in 2023 was $1,027,129.
Official website here: www.oceanhousingalliance.com
Who are the executives of Ocean Housing Alliance Inc and what are their salaries?
The average compensation at Ocean Housing Alliance Inc during 2023 was $21,254. There are 26 employees at Ocean Housing Alliance Inc.
Here are 17 key members and their salaries:
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Official website here: www.oceanhousingalliance.com
Where can I find the form 990 for Ocean Housing Alliance Inc?
Ocean Housing Alliance Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.oceanhousingalliance.com
Learn more at the official website: www.oceanhousingalliance.com
Mission Statement of Ocean Housing Alliance Inc
Ocean Housing Alliance Inc is committed to creating a safe, healthy, pleasant, and caring environment for residents residing in its 48-bed healthcare facility. This mission is carried out with the aim of providing housing for individuals who, due to mental illness, would otherwise be homeless or institutionalized. The organization's primary objective is to ensure that these individuals are offered a comfortable and supportive living space, fostering their well-being and overall improvement. Ocean Housing Alliance Inc's mission is essential in providing essential housing services, enabling individuals to lead more fulfilling lives with the necessary care and support.
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Impact
October, 2024
Ocean Housing Alliance Inc significantly enhances the lives of individuals facing mental health challenges by providing a safe and supportive living environment. With a 48-bed health care facility located in Point Pleasant, NJ, it addresses the urgent need for housing among the mentally ill, many of whom might otherwise face homelessness or institutionalization.
The organization fosters a warm and caring atmosphere, ensuring that residents experience not only stability but also a sense of community and belonging. By prioritizing the well-being of its residents, Ocean Housing Alliance Inc plays a crucial role in improving their quality of life, promoting mental health, and enabling them to engage more positively with the community around them. This impactful initiative underscores the importance of compassionate care and the necessity of protective housing for vulnerable populations.
This information is meant to be a general summary of Ocean Housing Alliance Inc. 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: $10,296
- Program Service Revenue: $789,185
- Gross Receipts: $1,100,732
Assets and Liabilities:
- Total Assets: $1,380,381
- Total Liabilities: $28,601
- Net Assets: $1,351,780
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL AND PROGRAM
Revenue
$770,919
DONATED FOOD
Revenue
$18,266
Organization Details
Founding Year
1993
Principal Officer
Robert H Hutchins
Website
www.oceanhousingalliance.comNTEE Category
Code: E91Z - Health
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