Mount Olive Development Corporation
Nonprofit profile at a glance
- EIN
- 650548855
- IRS 990 coverage
- 2014–2025
- Forms available
- Form 990 2025
- Location
- Fort Lauderdale, FL, USA
- Phone
- 9547646488
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Urban, Community Economic Development
Reported finances
- Revenue
- $1,093,815
- Expenses
- $871,207
- Assets
- $2,023,418
- Liabilities
- $618,213
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Rosalind Osgood (Executive Director)
Highest reported compensation
- Rosalind Osgood (Executive Director): $129,291 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The primary purpose is revitalize low and moderate income communities of Broward County by providing affordable housing, social services and job opportunities
What it reported doing in 2025
Provide affordable housing and jobs to disabled, homeless, and low income persons. Also assisted with job creation and placement
Operating model
- Revenue model
- Grant-funded. 78% of the money available for current operations came from government grants.
- 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. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 69
- Transparency & Controls: 89
- Accountability: 90
- Sustainability: 60
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 62.7%; rating input score 63
- Program expense ratio: 78.8%; rating input score 79
- Fundraising efficiency: $29.82 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings
Transparency & Controls
- Consistency checks: 85.7%; rating input score 86; 3rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 20.4%; rating input score 73; 73rd percentile among comparable filings
- Total-asset coverage ratio: 2.32; rating input score 69; 69th percentile among comparable filings
- Liabilities to assets ratio: 0.31; rating input score 19; 19th percentile among comparable filings
- Officer compensation ratio: 14.8%; rating input score 25; 25th percentile among comparable filings
Growth
- Program expense growth: 0.7% per year; rating input score 100; 17th percentile among comparable filings
- Revenue growth: -0.2% per year; rating input score 0; 11th percentile among comparable filings
- Asset growth: -0.8% per year; rating input score 0; 13th percentile among comparable filings
Details
- Where the money goes: 62.7% of revenue deployed · 78.8% of spending went to programs
- Governance: 8 of 8 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $686K in reported program spending
- Leadership: top reported pay $129K · 13 people listed
- Consistency: 22 of 24 current checks pass · 2 findings to review
- Schedules: 5 filed schedules · includes major donors
- Filing history: 12 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Transparency & Controls: Schedule D revenue reconciliation did not reconcile in the filed values.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 19/100.
- High — Sustainability: Officer compensation ratio scored 25/100.