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Nonprofit · EIN 92-0351744

OCEANA COUNTY DEVELOPMENT CORPORATION

Tax-exempt · SHELBY, MI 49455

Financials

$1.8M$121K2023$1.8M$4.4M2024
Revenue Expenses · by fiscal year end
Financials of OCEANA COUNTY DEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,833,178$4,445,114-$2,611,936$10,432,522$11,153,920-$721,398
December 31, 2023990$1,820,199$121,430$1,698,769$4,445,317$2,554,779$1,890,538
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$149,975
of which government grants
$149,975
Program service revenue
$1,683,000
Investment income
$203
Other revenue
$0

Expenses

Grants and similar amounts paid
$42,800
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Legal fees
$19,235
Accounting fees
$55,849
Occupancy
$29,956
Program services (functional)
$4,365,873
Management and general (functional)
$79,241

Balance sheet and other

Total assets, start of year
$4,445,317
Total assets, end of year
$10,432,522
Total liabilities, end of year
$11,153,920
Net assets, end of year
-$721,398
Land, buildings and equipment
$1,020,000
Net assets without donor restrictions
-$721,398
Gross receipts
$1,833,178
Employees
0
Volunteers
7
Year formed
2022
State of legal domicile
MI

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
EARL L PETERSONPRESIDENT/TREASURER
Trustee or director, Officer
10$0
LINDA A PETERSONVICE PRESIDENT/SECRETARY
Trustee or director, Officer
10$0
JON BUMSTEADDIRECTOR
Trustee or director
0.5$0
CURT VANDERWALLDIRECTOR
Trustee or director
0.5$0
RICHARD RAFFAELLIDIRECTOR
Trustee or director
10$0
GABRIELA PETERSONDIRECTOR
Trustee or director
5$0
MISHELLE COMSTOCKDIRECTOR
Trustee or director
0.5$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
EARL L PETERSONPRESIDENT/TREASURER
Trustee or director, Officer
1$0
LINDA A PETERSONVICE PRESIDENT/SECRETARY
Trustee or director, Officer
1$0
JON BUMSTEADDIRECTOR
Trustee or director
1$0
CURT VANDERWALLDIRECTOR
Trustee or director
1$0
RICHARD RAFFAELLIDIRECTOR
Trustee or director
1$0
TAMMY CAREYDIRECTOR (TERM END 6/23)
Trustee or director
1$0
GABRIELA PETERSONDIRECTOR
Trustee or director
1$0
MISHELLE COMSTOCKDIRECTOR (TERM BEGIN 8/23)
Trustee or director
1$0

Address and contacts

Address (IRS master file)
2999 S TIMBER DUNES RD, SHELBY, MI 49455-9316
Principal officer (990 for 2024)
EARL PETERSON, 2999 S TIMBER DUNES ROAD, SHELBY, MI 49455
Signed the 990
EARL PETERSON, PRESIDENT
Phone
(616) 336-6587
Return prepared by
PLANTE & MORAN PLLC

Mission

TO CONSTRUCT SINGLE FAMILY HOMES FOR LOW AND MODERATE INCOME INDIVIDUALS IN OCEANA COUNTY.

990 for the year ended December 31, 2024

Program accomplishments

  • LOW INCOME HOUSING
    Expenses $4,365,873 · grants $42,800 · revenue $1,683,000

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
92-0351744
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$10,432,522
Income (IRS master file)
$1,833,178

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,833,178$4,445,114$10,432,522XML
990December 2023$1,820,199$121,430$4,445,317XML
990December 2022$200,007$8,238$191,769IRS

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 92-0351744).

Questions about OCEANA COUNTY DEVELOPMENT CORPORATION

What is the EIN of OCEANA COUNTY DEVELOPMENT CORPORATION?
The employer identification number (EIN) of OCEANA COUNTY DEVELOPMENT CORPORATION is 92-0351744.
Is OCEANA COUNTY DEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to OCEANA COUNTY DEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does OCEANA COUNTY DEVELOPMENT CORPORATION 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 OCEANA COUNTY DEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did OCEANA COUNTY DEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of OCEANA COUNTY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names EARL PETERSON.
Who are the officers and directors of OCEANA COUNTY DEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
How much revenue does OCEANA COUNTY DEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,833,178, expenses of $4,445,114 and total assets of $10,432,522 at year end.

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