Maryland · Nonprofit
OCEAN CITY DEVELOPMENT CORPORATION
OCEAN CITY DEVELOPMENT CORPORATION (Maryland) receives grants from 1 organization whose IRS filings report $28,984 to it, the largest being COMMUNITY FOUNDATION OF THE EASTERN SHOR ($28,984). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- Revenue FY2025
- $907k
- Funders on record
- 1
- Grants received
- $29k
- Net assets
- $3.7M
What Ocean City Development Corporation does
Mission
The Ocean City Development Corporation is dedicated to the revitalization of the downtown area of ocean city, maryland. Programs are designed by the organization to formulate and implement long range development strategies for commercial, office, residential, and other development in the downtown area.
As stated on its FY2025 Form 990.
Programs
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.
$258,735 spent34% of program spendingPublic art program - this program adds interest to the downtown area and will increasepedestrian traffic, as the area becomes better known for its public art offerings.
$25,829 spent3% of program spendingGreen building initiatives program - commercial program provides financial assistance tobusinesses to install new long-term energy-efficient products. The program is funded by grantsfrom the maryland department of housing and community development.
$17,365 spent2% of program spendingVarious programs related to the revitalization of downtown ocean city.
$465,024 spentof which $11,500 as grants61% of program spending
The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $766,953.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $3.4M to $5.2M (+55%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2017 61% · 2018 63% · 2019 68% · 2020 75% · 2021 83% · 2022 59% · 2023 65% · 2024 81% · 2025 86%. Grants only. Government contracts and fees sit inside program revenue.
88% of OCEAN CITY DEVELOPMENT CORPORATION’s revenue is contributions — more donation-reliant than the typical peer (64% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Zachary Bankert
Executive director
As listed on its FY2025 Form 990.
The chief executive listed changed between the FY2022 and FY2023 filings.
Who funds it, year by year
2019 → 2020: the base held at 1 funder, grant income rose $5k → $13k.
1 of 1 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 100% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
From the IRS filings of OCEAN CITY DEVELOPMENT CORPORATION’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
100% of OCEAN CITY DEVELOPMENT CORPORATION's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Too little is directly attributable to place on a map.
Funder states come from each funder’s own filing. $29k arriving through sponsors registered in 1 state is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
OCEAN CITY DEVELOPMENT CORPORATION runs a healthier operating margin than half of the 11,634 arts & culture nonprofits its size.
this organization peer median middle 50% of peers· 11,634 arts & culture nonprofits $100k–$1M, FY2025
Government funding OCEAN CITY DEVELOPMENT CORPORATION receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $1.5M on record.
- Grant$1.4M
- Loan$65k
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like OCEAN CITY DEVELOPMENT CORPORATION
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Maryland
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
89% of spending goes to programs.
Governance
Public support
80%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for OCEAN CITY DEVELOPMENT CORPORATION: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds OCEAN CITY DEVELOPMENT CORPORATION?
- OCEAN CITY DEVELOPMENT CORPORATION (Maryland) receives grants from 1 organization whose IRS filings report $28,984 to it, the largest being COMMUNITY FOUNDATION OF THE EASTERN SHOR ($28,984). 1 of them have funded it in more than one year, and 100% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
- How many funders does OCEAN CITY DEVELOPMENT CORPORATION have?
- IRS filings report 1 organization giving $28,984 in grants to OCEAN CITY DEVELOPMENT CORPORATION, 1 of which have funded it in more than one year.
- Who is the largest funder of OCEAN CITY DEVELOPMENT CORPORATION?
- COMMUNITY FOUNDATION OF THE EASTERN SHOR is the largest funder on record, with $28,984 in grants. The full list of funders is on this page.
- How can an organization like OCEAN CITY DEVELOPMENT CORPORATION find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Maryland. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 1 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing