OCEAN CITY DEVELOPMENT CORPORATION
AI Summary
The Ocean City Development Corporation (EIN: 52-2222484) is a nonprofit organization dedicated to the revitalization of the downtown area of Ocean City, Maryland, focusing on long-range development strategies for commercial, office, residential, and other projects. With an operating budget of $849.6K and total revenue of $907.2K for the filing year 2025, the organization does not rely on a single funder for more than 50% of its revenue. More information can be found on their website at www.ocdc.org.
Mission Statement
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.
Cause Areas
1
Historical activities
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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Funder
Total Funding
Funding Share
COMMUNITY FOUNDATION OF THE EASTERN SHOR
Salisbury, MD, US
$33.7K
< 1%
Frequently Asked Questions
What is OCEAN CITY DEVELOPMENT CORPORATION’s budget?
In 2025, OCEAN CITY DEVELOPMENT CORPORATION reported an annual operating budget of around $850 thousand. More detailed financial information is available to registered users.
What causes does OCEAN CITY DEVELOPMENT CORPORATION support?
OCEAN CITY DEVELOPMENT CORPORATION supports work in Historical activities.
Where does OCEAN CITY DEVELOPMENT CORPORATION operate?
OCEAN CITY DEVELOPMENT CORPORATION is headquartered in Ocean City, MD.
Who funded OCEAN CITY DEVELOPMENT CORPORATION recently?
In 2024, OCEAN CITY DEVELOPMENT CORPORATION received grants from COMMUNITY FOUNDATION OF THE EASTERN SHOR, COMMUNITY FOUNDATION OF THE EASTERN SHOR, and COMMUNITY FOUNDATION OF THE EASTERN SHOR. More information on this organization’s funders is available to registered users.
What is the largest grant OCEAN CITY DEVELOPMENT CORPORATION received in 2024?
The largest grant to OCEAN CITY DEVELOPMENT CORPORATION in 2024 exceeds $5,778.
What is OCEAN CITY DEVELOPMENT CORPORATION’s reliance on government grants?
OCEAN CITY DEVELOPMENT CORPORATION relied on government grants for more than 85% of their total revenue in 2025.