Ocean Sands Resort Assn Inc
Ocean Sands Resort Assn Inc: Stable Finances, Limited Public Mission
EIN: 222423409 · Ocean View, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $245K |
| Net Assets | $767K |
| Transparency Score | 45/100 |
Is Ocean Sands Resort Assn Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ocean Sands Resort Assn Inc
Ocean Sands Resort Assn Inc (EIN: 222423409) is a nonprofit organization based in Ocean View, NJ. The organization reported total revenue of $230K and total assets of $862K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ocean Sands Resort Assn Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ocean Sands Resort Assn Inc is a small nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $231K |
| Total Expenses | $245K |
| Surplus / Deficit | $-14,038 |
| Total Assets | $915K |
| Total Liabilities | $148K |
| Net Assets | $767K |
| Operating Margin | -6.1% |
| Debt-to-Asset Ratio | 16.2% |
| Months of Reserves | 44.8 months |
Financial Health Grade: B
In 2023, Ocean Sands Resort Assn Inc reported a deficit of $14K with expenses exceeding revenue, holds 44.8 months of operating reserves (strong position), has a debt-to-asset ratio of 16.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Ocean Sands Resort Assn Inc's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.1% | +40.5% | -6.3% |
| 2022 | -7.5% | +19.7% | +5.4% |
| 2021 | +15.1% | -0.1% | +5.4% |
| 2020 | +7.2% | -10.2% | +6.8% |
| 2019 | -0.9% | +19.6% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ocean Sands Resort Assn Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Ocean Sands Resort Assn Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14K, with expenses exceeding revenue.
- Debt-to-asset ratio: 16.2%.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, as the organization's filings show 0% compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ocean Sands Resort Assn Inc's IRS 990 filings:
- Lack of reported program service expenses raises questions about direct charitable impact.
- The organization's name suggests a resort association, which may not align with typical nonprofit charitable missions.
Strengths
The following positive indicators were identified for Ocean Sands Resort Assn Inc:
- Consistent revenue generation over several years indicates financial stability.
- Healthy asset base of over $800,000 consistently maintained.
Frequently Asked Questions about Ocean Sands Resort Assn Inc
Is Ocean Sands Resort Assn Inc a legitimate charity?
Ocean Sands Resort Assn Inc (EIN: 222423409) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $230K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does Ocean Sands Resort Assn Inc spend its money?
Ocean Sands Resort Assn Inc reported $230K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Ocean Sands Resort Assn Inc tax-deductible?
Ocean Sands Resort Assn Inc is registered as a tax-exempt nonprofit (EIN: 222423409). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Ocean Sands Resort Assn Inc located?
Ocean Sands Resort Assn Inc is headquartered in Ocean View, New Jersey and files with the IRS under EIN 222423409.
How many years of IRS 990 filings does Ocean Sands Resort Assn Inc have?
Ocean Sands Resort Assn Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $230K in total revenue.
What does Ocean Sands Resort Assn Inc do?
Ocean Sands Resort Assn Inc is a nonprofit organization in the Unknown sector, located in Ocean View, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Ocean Sands Resort Assn Inc have?
Ocean Sands Resort Assn Inc reported total revenue of $229,709. Based on 13 IRS 990 filings on record.
What are Ocean Sands Resort Assn Inc's total assets?
Ocean Sands Resort Assn Inc holds total assets of $861,727 as reported in IRS 990 filings.
Where is Ocean Sands Resort Assn Inc located?
Ocean Sands Resort Assn Inc is based in Ocean View, New Jersey.
What is Ocean Sands Resort Assn Inc's EIN?
Ocean Sands Resort Assn Inc's Employer Identification Number (EIN) is 222423409. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ocean Sands Resort Assn Inc?
Ocean Sands Resort Assn Inc is classified under NTEE code Unknown (Unknown).
Is Ocean Sands Resort Assn Inc a registered 501(c)(3)?
Ocean Sands Resort Assn Inc appears in IRS records (EIN: 222423409). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Ocean Sands Resort Assn Inc file IRS Form 990?
Yes, Ocean Sands Resort Assn Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was Ocean Sands Resort Assn Inc's revenue in 2023?
In the 202310 filing period, Ocean Sands Resort Assn Inc reported total revenue of $231,080, total expenses of $245,118, and net assets of $915,194.
Is Ocean Sands Resort Assn Inc's revenue growing or declining?
Ocean Sands Resort Assn Inc's revenue is growing. Revenue went from $187,741 (202210) to $231,080 (202310), a +23.1% change. Based on 13 filings on record.
What is Ocean Sands Resort Assn Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ocean Sands Resort Assn Inc covers tax period 202310. It shows revenue of $231,080, expenses of $245,118, total assets of $915,194, and liabilities of $148,281.
Is Ocean Sands Resort Assn Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ocean Sands Resort Assn Inc shows mixed signals. Mission Score: 45/100 (Fair). 2 red flags identified. 2 strengths noted.
What are the red flags for Ocean Sands Resort Assn Inc?
The following concerns were identified: Lack of reported program service expenses raises questions about direct charitable impact.. The organization's name suggests a resort association, which may not align with typical nonprofit charitable missions.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ocean Sands Resort Assn Inc's strengths?
Positive indicators for Ocean Sands Resort Assn Inc include: Consistent revenue generation over several years indicates financial stability.. Healthy asset base of over $800,000 consistently maintained.. These findings are derived from AI analysis of the organization's financial filings.
How does Ocean Sands Resort Assn Inc compensate executives?
Executive compensation is not reported in the provided data, as the organization's filings show 0% compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 0% program service expenses, what is the primary public benefit or charitable purpose of Ocean Sands Resort Assn Inc?
Based on the available data, the organization appears to function more as a homeowners' or property owners' association, managing common property and services for its members rather than engaging in traditional charitable programs. Its 'nonprofit' status likely refers to its tax-exempt classification rather than a broad public benefit mission.
Filing History
IRS 990 filing history for Ocean Sands Resort Assn Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Ocean Sands Resort Assn Inc's revenue has declined by 0.2%, moving from $231K to $231K. Total assets increased by 41.6% over the same period, from $646K to $915K. Total functional expenses rose by 83.9%, from $133K to $245K. In its most recent filing year (2023), Ocean Sands Resort Assn Inc reported a deficit of $14K, with expenses exceeding revenue. The organization holds $148K in liabilities against $915K in assets (debt-to-asset ratio: 16.2%), resulting in net assets of $767K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $231K | $245K | $915K | $148K | — | View 990 |
| 2022 | $188K | $174K | $976K | $195K | — | View 990 |
| 2021 | $203K | $146K | $927K | $159K | — | View 990 |
| 2020 | $176K | $146K | $879K | $169K | — | View 990 |
| 2019 | $165K | $162K | $823K | $143K | — | View 990 |
| 2018 | $166K | $136K | $857K | $179K | — | View 990 |
| 2017 | $162K | $141K | $825K | $177K | — | View 990 |
| 2016 | $150K | $146K | $807K | $182K | — | View 990 |
| 2015 | $148K | $151K | $793K | $170K | — | View 990 |
| 2014 | $149K | $171K | $808K | $183K | — | View 990 |
| 2013 | $233K | $156K | $813K | $165K | — | View 990 |
| 2012 | $231K | $139K | $761K | $191K | — | View 990 |
| 2011 | $231K | $133K | $646K | $169K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $231K, expenses of $245K, and assets of $915K (revenue +23.1% year-over-year).
- 2022: Revenue of $188K, expenses of $174K, and assets of $976K (revenue -7.5% year-over-year).
- 2021: Revenue of $203K, expenses of $146K, and assets of $927K (revenue +15.1% year-over-year).
- 2020: Revenue of $176K, expenses of $146K, and assets of $879K (revenue +7.2% year-over-year).
- 2019: Revenue of $165K, expenses of $162K, and assets of $823K (revenue -0.9% year-over-year).
- 2018: Revenue of $166K, expenses of $136K, and assets of $857K (revenue +2.2% year-over-year).
- 2017: Revenue of $162K, expenses of $141K, and assets of $825K (revenue +8.4% year-over-year).
- 2016: Revenue of $150K, expenses of $146K, and assets of $807K (revenue +0.9% year-over-year).
- 2015: Revenue of $148K, expenses of $151K, and assets of $793K (revenue -0.3% year-over-year).
- 2014: Revenue of $149K, expenses of $171K, and assets of $808K (revenue -36.2% year-over-year).
- 2013: Revenue of $233K, expenses of $156K, and assets of $813K (revenue +0.9% year-over-year).
- 2012: Revenue of $231K, expenses of $139K, and assets of $761K (revenue -0.1% year-over-year).
- 2011: Revenue of $231K, expenses of $133K, and assets of $646K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ocean Sands Resort Assn Inc:
Data Sources and Methodology
This transparency report for Ocean Sands Resort Assn Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.