Program areas at Ocean City Development Corporation
Facade improvement program - the ocdc implements commercial and residential facade improvement programs to provide financial incentives to downtown property owners and businesses to renovate the exteriors of their older buildings. During the past fiscal year, numerous buildings were renovated using this program. Funding for this program is provided by grants from the Maryland department of housing and community Development.
Community legacy program - the ocdc implements this program to preserve existing communities as desirable places to live and conduct business, to reduce outward pressure for sprawl Development, and provide financial incentives for sustainable community plans. Funding for this program is provided by grants from the Maryland department of housing and community Development.
Green building initiatives program - the ocdc implements energy efficiency projects by providing financial incentives to commercial properties. This program assists in enabling property owners and business owners to use energy star rated items to increase the energy efficiency of buildings and reduce energy consumption. The green building initiatives program continues to be a major component of the ocdc's goals and objectives and it continues to receive funding from the Maryland depatment of housing and community Development.
Various programs related to the revitalization of downtown Ocean City.
Personnel at Ocean City Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Zachary Bankert | Executive Director | $30,000 | 2024-03-08 |
| Glenn Irwin | Past Former Executive Director | $100,031 | 2023-06-30 |
| Anna Dolle Bushnell | Treasurer | $0 | 2023-06-30 |
| Patrick McLaughlin | Vice President | $0 | 2023-06-30 |
| Joe Wilson | President | $0 | 2023-06-30 |
| ...and 5 more key personnel |
Financials for Ocean City Development Corporation
| Revenues | FYE 06/2023 | FYE 06/2022 | % Change |
|---|
| Total grants, contributions, etc. | $406,673 | $407,222 | -0.1% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $9,564 | $3,179 | 200.8% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $96,735 | $145,237 | -33.4% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $109,864 | $93,443 | 17.6% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $622,836 | $649,081 | -4% |
Organizations like Ocean City Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Westville Village Renaissance Alliance | 501(c)(3) | New Haven, CT | $218,319 |
| Philipsburg Revitalizaiton Corporation | 501(c)(3) | Philipsburg, PA | $221,259 |
| Destination Downtown South Boston | 501(c)(3) | South Boston, VA | $340,717 |
| Africatown Redevelopment Corporation | 501(c)(3) | Mobile, AL | $576,947 |
| Mainstreet of Fremont | 501(c)(3) | Fremont, NE | $160,009 |
| The Aiken Corporation of South Carolina | 501(c)(3) | Aiken, SC | $417,418 |
| Downtown San Angelo | 501(c)(3) | San Angelo, TX | $237,827 |
| Staunton Downtown Development Association | 501(c)(3) | Staunton, VA | $236,521 |
| Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter | 501(c)(3) | Red Bank, NJ | $1,051,896 |
| Philadelphia Chinatown Development Corporation (PCDC) | 501(c)(3) | Philadelphia, PA | $2,537,285 |
Data update history
May 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 21, 2024
Updated personnel
Identified 1 new personnel
July 10, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 29, 2023
Updated personnel
Identified 1 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Arts, cultural, and humanitiesCommunity improvementHistoryEconomic development
Characteristics
Fundraising eventsState / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
- Address
- 108 Dorchester St
- Ocean City, MD 21842
- Metro area
- Salisbury, MD-DE
- County
- Worcester County, MD
- Website URL
- ocdc.org/Â
- Phone
- (410) 289-7739
IRS details
- EIN
- 52-2222484
- Fiscal year end
- June
- Taxreturn type
- Form 990
- Year formed
- 2000
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S31: Urban, Community Economic Development
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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