Ocean Bay Community Developement Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Ocean Bay Community Development Corporation (Ocean Bay CDC) mission is to revitalize the Rockaway peninsula and to improve the quality of life and socioeconomic status of its residents.
- Income
- $1.6 million
- Spending
- $1.8 million
- Spent on programs
- 79%
- Reserves
- -0.9 months of spending
- Largest source of income
- government grants, 88%
- Employees
- 21
- Volunteers
- 34
- Highest pay
- $104,662, executive dir.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 22 out of 100. Higher than 2% of charities in its peer group (community improvement, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
2 of 20It owes 81% of what it owns.
Living within its means
0 of 15Spending exceeded income by 16% of income.
Income trend
5 of 15Income fell 15% on the year before.
Spending floor
15 of 1579% of spending went to programs and raising each dollar of donations cost 1 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 66 out of 100. Higher than 17% of charities in its peer group (community improvement, $1m to $10m).
Independent board
18 of 254 of 4 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
0 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $1.4 million spent. OBCDC was founded as an information and referral organization to help NYCHA housing families identify and access essential services. As demand increased and providers remained scarce, we established direct service programs, growing into a vital hub for innovative initiatives in Far Rockaway. The Older Adult Center @ Arverne culminates our older adult services, aligning with our mission to create opportunities for socio-economic advancement, fostering a healthier, safer,more prosperous, educated, and revitalized community. We envision this program as a cornerstone for the aging population, anchoring community revitalization efforts.The FEC grant finances a team of four staff members offering essential services to Rockaway and Broad Channel residents in NYC. The Center enhances participants' well-being and quality of life through engaging activities. The Director oversees services, coordinates the Parent Advisory Committee, and collaborates with local providers and OBCDC staff to optimize resources. The FEC bridges the gap between West and East end residents, promoting unity and shared resources.The HUD ROSS grant enables Service Coordinators to deliver referral services to New York public housing residents, conducting case management through in-person, virtual, or phone sessions. Persistent needs include food insecurity, medical transportation, and workforce development, while rising rental arrears underscore the importance of financial literacy and banking workshops. Enhanced social media outreach now covers the entire Rockaway peninsula, addressing the digital divide among NYCHA residents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since November 2003.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.