2025-02-11T10:22:38-06:00 2024-06-30 521224986 PKS & COMPANY PA 1801 SWEETBAY DRIVE SALISBURY MD 21804 990 2023-07-01 522222484 OCEAN CITY DEVELOPMENT CORPORATION OCEA 4102897739 108 DORCHESTER STREET OCEAN CITY MD 21842 ZACHARY BANKERT EXECUTIVE DIRECTOR 4102897739 2025-02-04 1 0 BRIAN T FORD CPA P02069380 4105465600 2023 2025-03-06 01:10:19Z ZACHARY BANKERT 108 DORCHESTER STREET OCEAN CITY MD 21842 1618493 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 8 20 163517 41305 406673 1187031 0 0 9564 31664 206599 216976 622836 1435671 0 0 0 0 197830 182371 0 0 0 394299 351414 592129 533785 30707 901886 3376656 5228726 651195 1601379 2725461 3627347 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 52183 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. 25000 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. 55000 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. 310174 VARIOUS PROGRAMS RELATED TO THE REVITALIZATION OF DOWNTOWN OCEAN CITY. 310174 442357 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 17 0 1 8 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 ANNA DOLLE BUSHNELL TREASURER 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 ZACHARY BANKERT EXECUTIVE DIRECTOR 40.00 X 76500 0 0 76500 0 0 0 0 0 0 0 17575 1169406 50 1187031 31664 31664 270085 106568 163517 163517 163517 129713 76254 53459 53459 1435671 0 163517 85123 166508 124881 41627 2915 2186 729 12948 9711 3237 5200 3900 1300 9881 7410 2471 5500 5500 6784 5088 1696 26545 12618 13927 4353 4353 1193 895 298 62282 62282 11666 11666 8092 6069 2023 UBIT 12282 12282 SPECIAL PROJECTS 191980 191980 ENTERTAINMENT 2207 2207 CONTRIBUTION 1500 1500 1949 1777 172 533785 442357 91428 0 2547 27671 593497 600320 47439 185525 1225 5225 11560 4445001 67010 2713242 4377991 18706 20434 3376656 5228726 7536 1197 7200 6900 622596 1582445 13863 10837 651195 1601379 X 2723403 3625289 2058 2058 2725461 3627347 3376656 5228726 901886 0 X 0 1 X 0 0 X 408732 627328 407222 405051 1187031 3035364 408732 627328 407222 405051 1187031 3035364 3035364 39476 5646 3179 9564 31664 89529 19430 71211 145237 96735 208618 541231 131893 24225 192462 348580 4014704 0.75610 0.69980 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3822039 3822039 622962 67010 555952 4377991 PAYROLL LIABILITIES 5686 SECURITY DEPOSITS 5151 10837 1557858 122187 122187 1435671 0 1435671 655972 122187 122187 533785 0 533785 PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES TARRY A WHILE OFFSET PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES TARRY A WHILE OFFSET PART X, LINE 2: THE ORGANIZATION HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE. GOLF TOURNAMENT FUNDRAISER 48078 48078 27192 SHORECRAFT BEER FESTIVAL 42191 42191 15758 3 39444 39444 33304 129713 129713 76254 76254 53459 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.