Overview
What is Mount Olive Community Outreach Center Inc?
Mount Olive Community Outreach Center Inc, situated in Albany, Georgia, is a nonprofit organization with a focus on addressing the housing needs of low and moderate-income individuals in the nearby East Albany area. With a team of 142 dedicated professionals, their primary mission is to provide suitable accommodation for this specific demographic, contributing to the community's social fabric. They are committed to making a positive impact in the lives of their residents, ensuring they have access to safe and comfortable living environments.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
Mount Olive Community Outreach Center Inc has received a Three-Star rating from Charity Navigator, indicating a strong performance in accountability and finance. The organization demonstrates a high level of transparency and responsible financial management, as evidenced by their perfect score in areas such as independent board membership and financial audits.
Strengths of the organization include a fully independent board and a high program expense ratio of 95.43%, showcasing their commitment to directing funds towards their programs rather than administrative costs. Additionally, they maintain a low liabilities to assets ratio, which reflects sound financial health and stability.
While the overall rating is favorable, the score is calculated solely from the Accountability & Finance beacon, suggesting that there may be limited information on other performance aspects such as impact and community engagement. Despite this limitation, the center's operational practices indicate a robust foundation for serving its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Olive Community Outreach Center Inc legitimate?
Mount Olive Community Outreach Center Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Olive Community Outreach Center Inc 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: $1,005,221
For more financial information, click here
What is the mission statement of Mount Olive Community Outreach Center Inc?
The Mount Olive Community Outreach Center Inc, as per its mission, dedicates its efforts towards providing housing solutions for individuals with moderate and low income levels. This commitment extends to the East Albany area specifically. Their objective is to make affordable housing a reality for this demographic, thereby contributing to a more inclusive community. The center's activities are centered around this mission, aiming to enhance living standards and promote stability for those in need.
Who is the CEO of Mount Olive Community Outreach Center Inc?
Lorenzo Heard is the Director of Mount Olive Community Outreach Center Inc.
What is the revenue of Mount Olive Community Outreach Center Inc?
Mount Olive Community Outreach Center Inc's revenue in 2022 was $3,437,718.
Who are the executives of Mount Olive Community Outreach Center Inc and what are their salaries?
The average compensation at Mount Olive Community Outreach Center Inc during 2022 was $7,079. There are 142 employees and 25 volunteers at Mount Olive Community Outreach Center Inc.
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Where can I find the form 990 for Mount Olive Community Outreach Center Inc?
Mount Olive Community Outreach Center Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mount Olive Community Outreach Center Inc
Mount Olive Community Outreach Center Inc is committed to making a significant impact in its field by offering housing solutions to individuals and families with modest to low income levels. Situated in the East Albany area, this nonprofit organization has established its mission to provide suitable living accommodations for this specific demographic. By doing so, Mount Olive Community Outreach Center Inc contributes to enhancing the living conditions and overall well-being of its community members, offering them a secure and comfortable environment to call home.
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Impact
July, 2024
Mount Olive Community Outreach Center Inc provides crucial housing support to low and moderate-income tenants in the East Albany, Georgia area. Through its mission to offer affordable housing options, the organization significantly impacts the lives of individuals and families facing housing insecurity in the region. By providing safe and stable housing solutions, Mount Olive Community Outreach Center Inc plays a vital role in improving the overall well-being and quality of life for its tenants.
This information is meant to be a general summary of Mount Olive Community Outreach Center Inc. 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.
- Program Service Revenue: $1,094,661
- Gross Receipts: $3,437,718
Assets and Liabilities:
- Total Assets: $5,241,479
- Total Liabilities: $1,649,696
- Net Assets: $3,591,783
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Summer Camp
Revenue
$14,672
Rental Income
Revenue
$1,079,989
Organization Details
Founding Year
1995
Phone
(229) 435-9961Principal Officer
Lorenzo Heard
Main Address
302 Adkins Street, Albany, GA, 317051909
NTEE Category
Code: S80Z - Community improvement
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