Public Charity

OCEAN CITY DEVELOPMENT CORPORATION

OCEAN CITY DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in OCEAN CITY, MD. Its most recent IRS filing (2025) reports revenue of $907K, expenses of $861K, total assets of $5.2M. Imperigo tracks 4 reported grant relationships connected to this organization totaling approximately $29K.

EIN: 522222484 OCEAN CITY, MD Latest filing: 2025
Total Revenue$907K
Total Expenses$861K
Total Assets$5.2M
Grant Records4
Funding Total$29K
Filing Years2021–2025

Mission

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.

Officers & Directors

DIRECTOR Bill Sieg
DIRECTOR Caleigh Wootten
DIRECTOR Dennis Dare
DIRECTOR Heather Morrison
DIRECTOR Igor Conev
PRESIDENT Joe Wilson

Officer compensation and complete director data available with membership.

Top Grant Purposes

COMMUNITY DEVELOPMENT
$28,984 4 grants

Financial Trends

Year Revenue Expenses Assets
2025 $907K $861K $5.2M
2024 $1.4M $534K $5.2M
2023 $623K $592K $3.4M
2022 $649K $553K $3.4M
2021 $736K $659K $3.3M

Between 2021 and 2025, reported annual revenue grew from $736K to $907K (+23%), with total assets most recently reported at $5.2M.

Interactive year-over-year charts and full filing details available with membership.

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