Overview
What is Mount Olive Development Corporation?
Mount Olive Development Corporation is a dedicated nonprofit organization situated in Fort Lauderdale, Florida. With a workforce of six individuals, their primary mission is to uplift and revitalize low-income communities within Broward County. They accomplish this by offering affordable housing, essential social services, and job opportunities. The corporation also plays a pivotal role in facilitating job creation and placement for individuals who are disabled, homeless, or economically disadvantaged. Their commitment extends beyond housing and employment, encompassing the betterment of the entire community.
Official website here: www.mountolivemodco.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Mount Olive Development Corporation has achieved a solid 88% score, reflecting its strengths in accountability and finance. The organization boasts a fully independent board, evidenced by 100% of its board members being independent, which enhances governance and oversight. It also scored full points for its audit and oversight practices, indicating robust financial management and transparency.
The organization's financial health is noteworthy, with a program expense ratio of 76.58%, suggesting that a significant portion of its resources is directed towards its mission-related activities. Additionally, it has no reported material diversion of assets, which further highlights its commitment to integrity and proper use of funds.
However, there are some areas for improvement. The organization is missing a whistleblower policy and a document retention and destruction policy, which may reflect gaps in its operational protocols. Addressing these issues could enhance its overall governance framework and further strengthen stakeholder trust.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Olive Development Corporation legitimate?
Mount Olive Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Olive 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: $410,276
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.mountolivemodco.org
What is the mission statement of Mount Olive Development Corporation?
The Mount Olive Development Corporation is committed to revitalizing low and moderate income communities. This is achieved by providing affordable housing, offering social services, and creating job opportunities. The organization works towards improving the living conditions of disabled, homeless, and economically disadvantaged individuals by offering them affordable housing options. Furthermore, Mount Olive Development Corporation assists in job creation and placement within these communities.
Official website here: www.mountolivemodco.org
What is the revenue of Mount Olive Development Corporation?
Mount Olive Development Corporation's revenue in 2023 was $859,812.
Official website here: www.mountolivemodco.org
Who are the executives of Mount Olive Development Corporation and what are their salaries?
The average compensation at Mount Olive Development Corporation during 2023 was $31,560. There are 13 employees at Mount Olive Development Corporation.
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $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
- Compensation: $0
- Related: $0
- Other: $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
Official website here: www.mountolivemodco.org
Where can I find the form 990 for Mount Olive Development Corporation?
Mount Olive Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mountolivemodco.org
Learn more at the official website: www.mountolivemodco.org
Mission Statement of Mount Olive Development Corporation
Mount Olive Development Corporation is dedicated to revitalizing low and moderate income communities. Their mission is accomplished by providing three key services: affordable housing, social services, and job opportunities. Through these initiatives, they aim to improve the living conditions and prospects of disabled, homeless, and economically disadvantaged individuals. The corporation also plays a role in facilitating job creation and placement, thereby contributing to the overall betterment of the community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Mount Olive Development Corporation provides essential support to revitalize low and moderate-income communities in Broward County, Florida. By offering affordable housing, social services, and job opportunities to individuals in need, the organization plays a crucial role in addressing homelessness, assisting disabled individuals, and helping low-income residents secure stable housing and employment. Through its efforts, Mount Olive Development Corporation contributes significantly to the community improvement of Fort Lauderdale and the surrounding areas, making a tangible difference in the lives of those facing economic challenges.
This information is meant to be a general summary of Mount Olive 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 2023.
- Program Service Revenue: $84,322
- Gross Receipts: $859,812
Assets and Liabilities:
- Total Assets: $1,772,579
- Total Liabilities: $642,880
- Net Assets: $1,129,699
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$84,322
Organization Details
Founding Year
1999
Principal Officer
Johnae Mann
Website
www.mountolivemodco.orgNTEE Category
Code: S31Z - Community improvement
If you are a representative of Mount Olive Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.