Nonprofit · EIN 23-7242529
OYSTER BAY URBAN RENEWAL INC
Also known as OYSTER BAY APARTMENTS
Tax-exempt · KEYPORT, NJ 07735
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,295,286 | $3,815,570 | $479,716 | $24,519,500 | $15,182,983 | $9,336,517 |
| September 30, 2024 | 990 | $4,249,761 | $3,551,107 | $698,654 | $24,121,062 | $15,316,325 | $8,804,737 |
| September 30, 2023 | 990 | $3,921,416 | $3,433,122 | $488,294 | $23,629,118 | $15,574,953 | $8,054,165 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $4,160,361
- Investment income
- $110,139
- Other revenue
- $24,786
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $6,066
- Accounting fees
- $39,760
- Depreciation
- $508,679
- Program services (functional)
- $3,310,045
- Management and general (functional)
- $505,525
Balance sheet and other
- Total assets, start of year
- $24,121,062
- Total assets, end of year
- $24,519,500
- Total liabilities, end of year
- $15,182,983
- Net assets, end of year
- $9,336,517
- Land, buildings and equipment
- $15,744,438
- Publicly traded securities
- $4,189,852
- Net assets without donor restrictions
- $6,522,694
- Net assets with donor restrictions
- $2,813,823
- Gross unrelated business income
- $23,940
- Gross receipts
- $4,295,286
- Employees
- 9
- Volunteers
- 0
- Year formed
- 1972
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH E CAREY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRIS BURNS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL WALLING | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| CYNTHIA WEBER | DIRECTOR Trustee or director, Officer | 1 | $0 |
| KENNETH MARR JR | DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH CAREY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRIS BURNS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL WALLING | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| CYNTHIA WEBER | DIRECTOR Trustee or director, Officer | 1 | $0 |
| NICHOLAS VECCHIO | DIRECTOR Trustee or director, Officer | 1 | $0 |
990 for the year ended September 30, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH CAREY | PRESIDENT Trustee or director, Officer | 1 | $0 |
| CHRIS BURNS | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| MICHAEL WALLING | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 |
| CYNTHIA WEBER | DIRECTOR Trustee or director, Officer | 1 | $0 |
| NICHOLAS VECCHIO | DIRECTOR Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 50 BEERS STREET, KEYPORT, NJ 07735-1326
- In care of
- % ROBERT LAUGHLIN
- Principal officer (990 for 2024)
- JOSEPH E CAREY, 50 BEERS STREET, KEYPORT, NJ 07735
- Signed the 990
- JOSEPH E CAREY, PRESIDENT
- Phone
- (732) 264-2711
- Website
- COUGHLINMGT.COM/OYSTER-BAY
- Return prepared by
- HOLMAN FRENIA ALLISON PC
Mission
THE PURPOSE OF THE CORPORATION IS TO BUILD AND OPERATE LOW AND MODERATE INCOME HOUSING UNDER A SECTION 236 INTEREST REDUCTION PROGRAM FOR 208 UNITS.
Program accomplishments
- TO HELP PROVIDE AFFORDABLE RESIDENT SENIOR HOUSING.Expenses $3,310,045 · revenue $4,161,207
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 23-7242529
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $24,519,500
- Income (IRS master file)
- $4,295,286
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,295,286 | $3,815,570 | $24,519,500 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $4,249,761 | $3,551,107 | $24,121,062 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $3,921,416 | $3,433,122 | $23,629,118 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $3,882,737 | $3,257,691 | $23,250,569 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7242529).
Questions about OYSTER BAY URBAN RENEWAL INC
- What is the EIN of OYSTER BAY URBAN RENEWAL INC?
- The employer identification number (EIN) of OYSTER BAY URBAN RENEWAL INC is 23-7242529.
- Is OYSTER BAY URBAN RENEWAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to OYSTER BAY URBAN RENEWAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OYSTER BAY URBAN RENEWAL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OYSTER BAY URBAN RENEWAL INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OYSTER BAY URBAN RENEWAL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of OYSTER BAY URBAN RENEWAL INC?
- The 990 for the year ended September 30, 2025 names JOSEPH E CAREY.
- Who are the officers and directors of OYSTER BAY URBAN RENEWAL INC?
- The 990 for the year ended September 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does OYSTER BAY URBAN RENEWAL INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,295,286, expenses of $3,815,570 and total assets of $24,519,500 at year end.
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All nonprofits in KEYPORT · New Jersey · Housing and shelter