Overview
What is Mount Olive Community Development Corporation?
Mount Olive Community Development Corporation, situated in Annapolis, Maryland, is a dedicated nonprofit organization striving to support the wider Parole community. Despite the challenges posed by the COVID-19 pandemic, they managed to establish their first professional website and disseminate relevant information to the community. Additionally, they offered COVID-related training to local realtors and served as a host agency for a senior employment program, providing valuable job training to an Anne Arundel County senior. Their mission encompasses enhancing educational conditions, fostering job training, and encouraging entrepreneurial skills within the community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, Two-Star out of Four Star rating
Mount Olive Community Development Corporation has received a 73% rating from Charity Navigator, indicating a moderate level of accountability and financial health. The organization excels in areas such as having a fully independent board, a strong liabilities to assets ratio, and an impressive program expense ratio of nearly 85%, suggesting that a significant portion of their funds is directed towards their programs rather than administrative costs.
However, there are notable deficiencies in their governance practices. The nonprofit is missing crucial policies including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy, which negatively impacts their score in accountability. Furthermore, their website is not listed on their tax form, and they have not posted their tax form on their website, resulting in lost points that could enhance transparency.
Overall, while Mount Olive Community Development Corporation demonstrates strong financial management and a commitment to their mission, they need to improve their governance policies and transparency measures to achieve a higher rating and build greater trust with their stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Olive Community Development Corporation legitimate?
Mount Olive Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Olive Community Development Corporation 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Mount Olive Community Development Corporation?
The Mount Olive Community Development Corporation's mission is to offer community support for a broader Parole community, focusing on enhancing the educational conditions of its residents, promoting and providing job training, and fostering the development of entrepreneurial skills. This organization aims to improve the lives of its community members by providing resources and opportunities for growth and development. Despite the challenges posed by the COVID-19 pandemic in 2020, the corporation managed to launch its first professional website and provide COVID-related information to the community. Furthermore, it hosted an extensive training program for realtors and served as a host agency for The Senior Community Service Employment Program, offering job training to a local senior.
Who is the CEO of Mount Olive Community Development Corporation?
Unavailable The CEO's salary of Mount Olive Community Development Corporation is $0 and their total compensation is $0.
What is the revenue of Mount Olive Community Development Corporation?
Mount Olive Community Development Corporation's revenue in 2020 was $32,888.
Who are the executives of Mount Olive Community Development Corporation and what are their salaries?
There 4 volunteers at Mount Olive Community Development Corporation.
Here are 4 key members and their salaries (Mount Olive Community Development Corporation's CEO's salary is $0 and their total compensation is $0):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mount Olive Community Development Corporation?
Mount Olive Community Development Corporation's most recent form 990 was submitted in 2020 and can be accessed here.
Mission Statement of Mount Olive Community Development Corporation
Mount Olive Community Development Corporation, a nonprofit organization, is committed to providing community support for the greater parole community. Their mission is twofold: firstly, they aim to enhance the educational conditions of the residents, and secondly, they promote and offer job training, as well as develop entrepreneurial skills within this community. By doing so, the corporation seeks to empower and uplift the community, contributing to its overall development and progress. Despite the challenges posed by the COVID-19 pandemic in 2020, Mount Olive Community Development Corporation managed to make strides, launching its first professional website and providing COVID-related information to the community. Additionally, the organization hosted an extensive three-month training program for realtors associated with Keller Williams, furthering their professional skills. Furthermore, Mount Olive Community Development Corporation served as a host agency for The Senior Community Service Employment Program, providing a secretarial position with extensive one-on-one job training to an Anne Arundel County senior. Despite the pandemic's impact on in-person learning, the organization continued to serve as a location for non-English speaking residents to learn English, albeit for a shorter duration.
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Impact
August, 2024
Mount Olive Community Development Corporation has had a significant impact on the Greater Parole community in Annapolis, MD. They have worked tirelessly to improve educational conditions for residents, promote job training, and develop entrepreneurial skills. Despite the challenges posed by the COVID-19 pandemic in 2020, Mount Olive CDC managed to launch their first professional website and provide essential COVID-related information to the community.
Additionally, the organization hosted a three-month advanced training program for realtors affiliated with Keller Williams, showcasing their commitment to professional development. They also served as a host agency for The Senior Community Service Employment Program, offering job training to a senior resident of Anne Arundel County. Furthermore, Mount Olive CDC provided a valuable learning environment for non-English speaking residents to improve their English language skills, although this was affected by the pandemic's impact on in-person learning.
Overall, Mount Olive Community Development Corporation's efforts have positively impacted the community by empowering individuals through education, training, and support services.
This information is meant to be a general summary of Mount Olive Community Development Corporation. 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 2020.
- Investment Income: $7
- Gross Receipts: $58,488
Assets and Liabilities:
- Total Assets: $15,771
- Total Liabilities: $5,370
- Net Assets: $10,401
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Organization Details
Founding Year
2001
Phone
(410) 571-9681Main Address
2 HICKS AVENUE, ANNAPOLIS, MD, 21401
NTEE Category
Code: J20 - Employment
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