Mount Olive Gardens No 1 Inc.
Mount Olive Gardens No 1 Inc.
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About this organization
Revenue
$688,256
Expenses
$548,097
Mission
To promote and advance the welfare of the community. The organization was formed for the purpose of constructing, maintaining and operating a multifamily government assisted housing project of 60 units, under Section 221(d)(3) of the National Housing Act, for elderly and low-to-moderate income residents.
About
Mount Olive Gardens No. 1, Inc. (HUD Project No. 066-35032) has a Section 8 housing assistance payment contract (the HAP contract) for 59 units. The HAP contract is for a ten year period beginning June 1, 2017, and provides for funds based on availability of sufficient appropriations in the amount determined by HUD to be sufficient for covering the project expenses. The major HUD assisted program for MOG is the below market rate interest loan assistance under Section 221. The Section 221 program imposes rent restrictions and other requirements.
Interesting data from their 2020 990 filing
The filing sets forth the mission of the non-profit as “To promote and advance the welfare of the community. the organization was formed for the purpose of constructing, maintaining and operating a multifamily government assisted housing project of 60 units, under section 221(d)(3) of the national housing act, for elderly and low-to-moderate income residents.”.
When detailing its responsibilities, they were listed as: “To promote and advance the welfare of the community. the organization was formed for the purpose of constructing, maintaining and operating a multifamily government assisted housing project of 60 units, under section 221(d)(3) of the national housing act, for elderly and low-to-moderate income residents.”.
- The state in which the non-profit is legally permitted to operate is FL.
- The address of the non-profit for 2020 according to the filing is PO BOX 26351, TAMARAC, FL, 333206351.
- The number of employees reported by the non-profit on their form as of 2020 is 0.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $140,159.
- The organization has 4 independent voting members.
- The organization was formed in 1969.
- The organization pays $116,730 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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