2025-12-19T13:21:10-06:00 2025-06-30 521224986 PKS & COMPANY PA 1801 SWEETBAY DRIVE SALISBURY MD 21804 990 2024-07-01 522222484 OCEAN CITY DEVELOPMENT CORPORATION OCEA 4102897739 108 DORCHESTER STREET OCEAN CITY MD 21842 ZACHARY BANKERT EXECUTIVE DIRECTOR 4102897739 2025-11-13 1 1 BRIAN T FORD CPA P02069380 4105465600 2024 2025-03-06 01:10:19Z ZACHARY BANKERT 108 DORCHESTER STREET OCEAN CITY MD 21842 1235832 0 X WWW.OCDC.ORG X 2000 MD 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. 15 15 7 60 33635 49318 1187031 799561 0 0 31664 32680 216976 74911 1435671 907152 0 11500 0 0 182371 200737 0 0 0 351414 648900 533785 861137 901886 46015 5228726 5240457 1601379 1567095 3627347 3673362 X 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. 0 0 258735 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. 25829 PUBLIC 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. 17365 GREEN 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. 465024 11500 VARIOUS PROGRAMS RELATED TO THE REVITALIZATION OF DOWNTOWN OCEAN CITY. 465024 11500 766953 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 7 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 0 0 0 MD X X X ZACHARY BANKERT 4102897739 108 DORCHESTER STREET OCEAN CITY MD 21842 JOE WILSON PRESIDENT 1.00 X X 0 0 0 PATRICK MCLAUGHLIN VICE PRESIDENT 1.00 X X 0 0 0 SONIA BAKER SECRETARY 1.00 X X 0 0 0 NANCY BRADFORD DIRECTOR 1.00 X 0 0 0 SPIRO BUAS DIRECTOR 1.00 X 0 0 0 MICHAEL NOLEN DIRECTOR 1.00 X 0 0 0 HEATHER MORRISON DIRECTOR 1.00 X 0 0 0 NICK TEKMEN DIRECTOR 1.00 X 0 0 0 SCOTT SAVAGE DIRECTOR 1.00 X 0 0 0 IGOR CONEV DIRECTOR 1.00 X 0 0 0 BILL SIEG DIRECTOR 1.00 X 0 0 0 DENNIS DARE DIRECTOR 1.00 X 0 0 0 STEPHANIE MEEHAN DIRECTOR 1.00 X 0 0 0 CALEIGH WOOTTEN DIRECTOR 1.00 X 0 0 0 ZACHARY BANKERT EXECUTIVE DIRECTOR 40.00 X 98854 0 0 98854 0 0 0 0 0 0 0 17475 781800 286 799561 32680 32680 292294 258659 33635 33635 33635 111297 70021 41276 41276 907152 0 33635 73956 11500 11500 181008 135756 45252 5185 3889 1296 14544 10908 3636 8682 6946 1736 7400 5550 1850 4383 3287 1096 8476 8476 11169 8377 2792 11432 8602 2830 4169 4169 8572 6429 2143 20754 20754 13782 13782 9401 7244 2157 UBIT 14435 14435 SPECIAL PROJECTS 356282 356282 REPAIRS AND MAINTENANCE 161654 161654 PROPERTY TAXES 5515 4412 1103 2794 2718 76 861137 766953 94184 0 27671 111867 600320 520342 185525 219874 5225 10125 11560 11450 4445001 83432 4377991 4361569 20434 5230 5228726 5240457 1197 11524 6900 1600 1582445 1546264 10837 7707 1601379 1567095 X 3625289 3673362 2058 0 3627347 3673362 5228726 5240457 46015 0 X 0 1 X 0 0 X 627328 407222 405051 1187031 799561 3426193 627328 407222 405051 1187031 799561 3426193 3426193 5646 3179 9564 31664 32680 82733 71211 145237 96735 208618 33635 555436 24225 192462 216687 4281049 0.80030 0.75610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3822039 3822039 622962 83432 539530 4361569 PAYROLL LIABILITIES 43 SECURITY DEPOSITS 5751 CREDIT CARDS 260 FUNDS HELD ON BEHALF OF OTHERS 1653 7707 1193075 285923 285923 907152 0 907152 1147061 285924 285924 861137 0 861137 PART XI, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING PRESENTED NET OF EXPENSES ON FORM 990 RENTAL AND PARKING LOT DOWNTOWN ASSOCIATION PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING PRESENTED NET OF EXPENSES ON FORM 990 RENTAL AND PARKING LOT DOWNTOWN ASSOCIATION PART X, LINE 2: THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. GOLF TOURNAMENT FUNDRAISER 53470 53470 21778 SHORECRAFT BEER FESTIVAL 32977 32977 15679 1 20434 20434 14883 106881 106881 52340 52340 54541 0 STOP OFFSHORE WIND INC 1801 PHILADELPHIA AVENUE OCEAN CITY MD 21842 333033834 10000 0 TO PROVIDE FUNDING TO PROVIDE EDUCATION AND TOOLS TO ENSURE VOICES AGAINST OFFSHORE WIND TURBINES IN OCEAN CITY, MD ARE HEARD. 0 1 X X 0 0 0 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY EXECUTIVE DIRECTOR LINE BY LINE BEFORE FILING FORM 990, PART VI, SECTION B, LINE 12C PURSUANT TO THE OCEAN CITY DEVELOPMENT CORPORATION (OCDC) CONFLICT OF INTEREST POLICY AND CONFIDENTIALITY POLICY, EACH YEAR ALL OCDC BOARD MEMBERS ARE REQUIRED TO PROVIDE WRITTEN DISCLOSURE ON ANY BUSINESS THE BOARD MEMBER OR A MEMBER OF HIS/HER FAMILY MAY CONDUCT WITH THE OCDC. PROPERTY OWNED WITHIN THE OCDC AREA OF JURISDICTION IS DISCLOSED AS WELL. THESE FILES AND RECORDS ARE REVIEWED BY THE OCDC EXECUTIVE DIRECTOR AND MAINTAINED BY THE OCDC. SUCH VIOLATIONS OF THIS CONFLICT REQUIRE THE BOARD CHAIRMAN (OCDC PRESIDENT) TO INFORM THE MEMBER OF THE BASIS OF THIS BELIEF AND AFFORD THE MEMBER THE OPPORTUNITY TO EXPLAIN ANY ALLEGED FAILURE TO DISCLOSE. THE FULL BOARD WILL DETERMINE IF THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST AND TAKE APPROPRIATE CORRECTIVE ACTION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE 990 IS AVAILABLE ON THE ORGANIZATION'S WEBSITE AS WELL.