Ocean Parkway Community Development Corp

Nonprofit profile at a glance

EIN: 112515695
IRS 990-EZ coverage: 2010–2024
Forms available: Form 990 2023, Form 990-EZ 2024
Location: Brooklyn, NY, USA
Phone: 7184351300
Rating: 91
Verdict: STRONG
Rating confidence: Moderate
Sector: Community, Neighborhood Development

Reported finances

Revenue: $186,532
Expenses: $186,544
Assets: $80,681
Liabilities: $73,222

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

ALAN DUBROW (PRESIDENT)
AVROHOM JAFFE (EXECUTIVE DIRECTOR)

People named in this filing

ALAN DUBROW (PRESIDENT)
LARRY JASON (VICE PRES/SECY)
TOM BAUER (DIRECTOR of OPERATIONS)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Help to develop, rehab & preserve local housing and make same available to low income families

What it reported doing in 2024

Organization conducts programs for neighborhood stabilization, revitalization and improvement. Programs are funded mostly by New York state and agencies.

Operating model

Revenue model: Donor-supported. 96% of the money available for current operations came from contributions and gifts.
Distribution model: Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

Financial Efficiency: 90
Transparency & Controls: 100
Sustainability: 28
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 89.7%; rating input score 90
Program expense ratio: 89.7%; rating input score 90

Transparency & Controls

Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
Major donor itemization: Yes; rating input score 100

Sustainability

Operating margin: -0%; rating input score 33; 33rd percentile among comparable filings
Total-asset coverage ratio: 0.43; rating input score 34; 34th percentile among comparable filings
Liabilities to assets ratio: 0.91; rating input score 6; 6th percentile among comparable filings
Officer compensation ratio: 26%; rating input score 13; 13th percentile among comparable filings

Growth

Program expense growth: 4.7% per year; rating input score 100; 46th percentile among comparable filings
Revenue growth: 5% per year; rating input score 100; 48th percentile among comparable filings
Asset growth: 6.8% per year; rating input score 100; 51st percentile among comparable filings

Details

Where the money goes: 89.7% of revenue deployed · 89.7% of spending went to programs
Governance: Filed governance answers
Accomplishments: 1 filed program accomplishment · $167K in reported program spending
Leadership: top reported pay $0 · 4 people listed
Consistency: 8 of 8 current checks pass
Schedules: 3 filed schedules
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Money network: 2 filed money-flow records
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Moderate — Sustainability: Operating margin scored 33/100.
Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
High — Sustainability: Liabilities to assets ratio scored 6/100.
High — Sustainability: Officer compensation ratio scored 13/100.