Ocean Hill I Property Owners Association Inc

Overview

The Ocean Hill I Property Owners Association Inc is a nonprofit organization located in Corolla, North Carolina, and has been tax-exempt since March 2002. It operates as a civic league, social welfare organization, or local association of employees, with a focus on promoting community welfare for charitable, educational, or recreational purposes.

Type and Classification

The organization is classified as a Housing Owners, Renters Organization under the National Taxonomy of Exempt Entities (NTEE) category. This indicates that its primary activities are related to housing and property management issues.

Financials

Historical financial data for the organization shows a reliance on miscellaneous revenue sources, including investment income. In recent years, the association has reported minimal contributions and program services revenue. For instance, in the fiscal year ending December 2016, the organization's total assets were valued at $142,115, while liabilities stood at $33,004[1].

Activities and Programs

While specific details about the programs offered by the Ocean Hill I Property Owners Association Inc are limited, its designation suggests involvement in community development and property-related initiatives. These efforts could include maintaining common areas, managing property values, and ensuring compliance with local regulations and community standards.

Tax Deductibility

Donations to this organization are not tax deductible, indicating that it does not have a 501(c)(3) designation which typically allows donors to claim deductions on their tax returns[1].

History and Structure

Founded in the early 2000s, the organization likely includes a governing board that oversees its operations and makes decisions regarding community policies and property management. However, specific details about its founding events and current structure are not widely available.

[1] https://projects.propublica.org/nonprofits/organizations/561772722 [2] https://www.waldportoregon.gov/sites/g/files/vyhlif6536/f/pages/ocean_hills_hoa.pdf [3] https://www.eindata.com/company-preview/ocean-hill-i-property-owners-association-inc-d4335b98b722 [4] https://villagesatoceanhillcorolla.com [5] https://www.causeiq.com/organizations/ocean-hill-i-property-owners-association,561772722/