Mount Olive Community Development Corporation

Nonprofit profile at a glance

EIN
611685386
IRS 990-EZ coverage
2016–2025
Forms available
Form 990-EZ 2025, Form 990-N 2014
Location
Clearwater, FL, USA
Phone
7274432142
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community, Neighborhood Development

Official website

Reported finances

Revenue
$25,011
Expenses
$16,070
Assets
$62,715

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

4 people listed

Executive titles in this filing

  • JAMES V WILLIAMS (President)
  • MARGIE STONOM (Vice President)

People named in this filing

  • JAMES V WILLIAMS (President)
  • MARGIE STONOM (Vice President)
  • Ashley Holmes (Secretary)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Mount Olive Community Development Corporation, Inc. was created in 2013. Its purpose is to promote social, economic, cultural and human service programming and activities among Clearwater (and surrounding areas) residents. Furthermore, the CDC is to create economic opportunity through the reduction or elimination of social, economic and cultural barriers.

What it reported doing in 2025

Through our youth mentoring programs, mount olive community development corporation instills and equips youth with positive and healthy lifestyle practices coupled with self-sufficiency skills. We believe that mentorship should entail personal development as well as relationship building opportunities for mentors and mentees. Our mentoring programs, saving our boys (boy scouts) and rubies (our girls), provide these skills and opportunities to youth through an abundance of activities, workshops and ongoing events.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 82
  • Sustainability: 70
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.3%; rating input score 60
  • Program expense ratio: 93.8%; rating input score 94

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 35.7%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 3.9; rating input score 80; 80th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 1.3% per year; rating input score 100; 51st percentile among comparable filings
  • Revenue growth: -20.1% per year; rating input score 0; 15th percentile among comparable filings
  • Asset growth: 19.9% per year; rating input score 100; 84th percentile among comparable filings

Details

  • Where the money goes: 60.3% of revenue deployed · 93.8% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 2 filed program accomplishments · $15K in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2016 to 2025
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.