Overview
What is Mt Olive Development Corp?
Mt Olive Development Corp is a community-focused nonprofit organization based in Buffalo, New York. Situated at 701 E Delavan Avenue, their primary mission is to serve and uplift their community. They achieve this through various programs, including educational initiatives and youth engagement activities. Additionally, they are dedicated to providing affordable housing options, as evidenced by their partnership with Trinity One LLC for a project located at 921 East Delavan Street. Their work aims to enhance the lives of Buffalo's residents by fostering community development and accessibility.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Mt Olive Development Corp has achieved a score of 86%, indicating a solid performance in accountability and finance. The charity's strong rating is attributed entirely to its impressive accountability measures, including a fully independent board and comprehensive financial audits. This level of transparency enhances the trust in the organization among its supporters and stakeholders.
The organization exhibits strong governance practices, highlighted by 100% independent board members and a low liabilities to assets ratio of 0.33%. Additionally, the charity demonstrates effective use of its resources, with a program expense ratio of 97.31%, which suggests a high commitment to its mission and programs over administrative costs.
However, while the financial health of the organization appears robust, the score is based solely on accountability and finance metrics. There may be additional qualitative factors related to program impact and community engagement that are not captured in this evaluation, which could provide a more comprehensive view of the organization’s overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Olive Development Corp legitimate?
Mt Olive Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Olive Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Mt Olive Development Corp?
Mt Olive Development Corp's mission is centered around serving the community. Their primary goal is to facilitate the development of the community's population through educational programs, youth initiatives, and promoting community access. This organization is committed to providing essential services that contribute to the overall growth and improvement of the community's people.
Who is the CEO of Mt Olive Development Corp?
Neroy Ivey is the Director of Mt Olive Development Corp.
What is the revenue of Mt Olive Development Corp?
Mt Olive Development Corp's revenue in 2022 was $1,068,235.
Who are the executives of Mt Olive Development Corp and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Mt Olive Development Corp?
Mt Olive Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Olive Development Corp
Mt Olive Development Corp is dedicated to serving the community by focusing on the development of its people. They achieve this goal through various educational programs, youth initiatives, and community access opportunities. The nonprofit organization's mission is to foster growth and improvement in the community's population, aiming to make a positive impact on the lives of its residents.
In essence, Mt Olive Development Corp operates with a purpose to provide essential services that cater to the community's needs. By offering educational programs, they aim to empower individuals with knowledge and skills, thereby contributing to the overall development of the community. Additionally, the nonprofit's youth programs aim to engage and support young members of the community, fostering their growth and potential. Lastly, by providing community access, Mt Olive Development Corp ensures that everyone has equal opportunities to participate in community activities and events, ultimately strengthening the community as a whole.
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Impact
October, 2024
Mt. Olive Development Corp significantly impacts the Buffalo community by focusing on the holistic development of its residents. Through a variety of educational programs and youth initiatives, it empowers individuals and fosters personal growth. Additionally, the organization addresses the pressing issue of affordable housing, ensuring that community members have access to stable living conditions. This dual approach not only enhances the quality of life for many but also strengthens the community as a whole by promoting self-sufficiency and collaboration. By prioritizing these essential services, Mt. Olive Development Corp plays a vital role in shaping a brighter future for the people of Buffalo.
This information is meant to be a general summary of Mt Olive Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $9
- Program Service Revenue: $97,945
- Gross Receipts: $1,068,235
Assets and Liabilities:
- Total Assets: $2,191,971
- Total Liabilities: $7,316
- Net Assets: $2,184,655
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HOUSING
Revenue
$75,931
PROGRAM
Revenue
$19,508
OTHER PROG. REVENUE
Revenue
$2,506
Organization Details
Founding Year
1998
Phone
(716) 895-7494Principal Officer
Neroy Ivey
Main Address
701 E DELAVAN AVENUE, BUFFALO, NY, 14215
NTEE Category
Code: O20 - Youth development
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