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.
Development and assistance program - the ocdc implements this program to preserve existing communities by providing support for assistance for the upkeep of local property owners and business owners. The devlopement and assistance program is a major component of the ocdc's goals and objectives and it continues to receive funding from the Maryland department 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 | $76,500 | 2025-02-11 |
Financials for Ocean City Development Corporation
| Revenues | FYE 06/2024 | FYE 06/2023 | % Change |
|---|
| Total grants, contributions, etc. | $1,187,031 | $406,673 | 191.9% |
| Program services | $0 | $0 | - |
| Investment income and dividends | $31,664 | $9,564 | 231.1% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $163,517 | $96,735 | 69% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $53,459 | $109,864 | -51.3% |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $1,435,671 | $622,836 | 130.5% |
Organizations like Ocean City Development Corporation
| Organization | Type | Location | Revenue |
|---|
| REV Birmingham | 501(c)(3) | Birmingham, AL | $3,537,309 |
| Africatown Redevelopment Corporation | 501(c)(3) | Mobile, AL | $576,947 |
| Common Wealth Development | 501(c)(3) | Madison, WI | $3,480,272 |
| Special Improvement District Borough of Red Bank Inc Red Bank RiverCenter | 501(c)(3) | Red Bank, NJ | $1,051,896 |
| Rochester Economic Development Corporation | 501(c)(3) | Rochester, NY | $1,673,115 |
| The Aiken Corporation of South Carolina | 501(c)(3) | Aiken, SC | $417,418 |
| North Market Development Authority (NMDA) | 501(c)(3) | Columbus, OH | $1,849,201 |
| Pasco Economic Development Council (PEDC) | 501(c)(3) | Lutz, FL | $2,568,472 |
| King of Prussia Business Improvement District | 501(c)(3) | King of Prussia, PA | $3,101,325 |
| Culpeper Renaissance | 501(c)(3) | Culpeper, VA | $374,977 |
Data update history
November 24, 2024
Updated personnel
Identified 2 new personnel
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
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Arts, cultural, and humanitiesCommunity improvementHistoryEconomic development
Characteristics
Fundraising eventsState / local levelReceives government fundingFundraising races, competitions, and tournamentsTax 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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