Mt Olive Affordable Housing & Dcd Inc
EIN: 301210847 · Tallahassee, FL · NTEE: P20
| Metric | Value |
|---|---|
| Total Revenue | $983K |
| Total Expenses | $371K |
| Net Assets | $48K |
Is Mt Olive Affordable Housing & Dcd Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mt Olive Affordable Housing & Dcd Inc
Mt Olive Affordable Housing & Dcd Inc (EIN: 301210847) is a nonprofit organization based in Tallahassee, FL, classified under NTEE code P20. The organization reported total revenue of $983K and total assets of $444K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mt Olive Affordable Housing & Dcd Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mt Olive Affordable Housing & Dcd Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 35.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $359K |
| Total Expenses | $371K |
| Surplus / Deficit | $-11,781 |
| Total Assets | $498K |
| Total Liabilities | $450K |
| Net Assets | $48K |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 90.4% |
| Months of Reserves | 16.1 months |
Financial Health Grade: C
In 2023, Mt Olive Affordable Housing & Dcd Inc reported a deficit of $12K with expenses exceeding revenue, holds 16.1 months of operating reserves (strong position), has a debt-to-asset ratio of 90.4% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Mt Olive Affordable Housing & Dcd Inc's revenue has grown at a compound annual growth rate (CAGR) of 35.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.1% | -23.4% | +341.7% |
| 2022 | -0.2% | +60.4% | -66.7% |
| 2021 | +496.1% | +489.1% | +33886800.0% |
| 2020 | -51.5% | -53.5% | -99.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mt Olive Affordable Housing & Dcd Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mt Olive Affordable Housing & Dcd Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.4%.
Frequently Asked Questions about Mt Olive Affordable Housing & Dcd Inc
Is Mt Olive Affordable Housing & Dcd Inc a legitimate charity?
Mt Olive Affordable Housing & Dcd Inc (EIN: 301210847) is a registered tax-exempt nonprofit based in Florida. It has 5 years of IRS 990 filings on record. Total revenue: $983K. No red flags identified. Financial health grade: C.
How does Mt Olive Affordable Housing & Dcd Inc spend its money?
Mt Olive Affordable Housing & Dcd Inc reported $983K in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Mt Olive Affordable Housing & Dcd Inc tax-deductible?
Mt Olive Affordable Housing & Dcd Inc is registered as a tax-exempt nonprofit (EIN: 301210847). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mt Olive Affordable Housing & Dcd Inc located?
Mt Olive Affordable Housing & Dcd Inc is headquartered in Tallahassee, Florida and files with the IRS under EIN 301210847. It is classified under NTEE code P20.
How many years of IRS 990 filings does Mt Olive Affordable Housing & Dcd Inc have?
Mt Olive Affordable Housing & Dcd Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $983K in total revenue.
Filing History
IRS 990 filing history for Mt Olive Affordable Housing & Dcd Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Mt Olive Affordable Housing & Dcd Inc's revenue has grown by 240.8%, moving from $105K to $359K. Total assets increased by 284401.1% over the same period, from $175 to $498K. Total functional expenses rose by 236.5%, from $110K to $371K. In its most recent filing year (2023), Mt Olive Affordable Housing & Dcd Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $450K in liabilities against $498K in assets (debt-to-asset ratio: 90.4%), resulting in net assets of $48K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $359K | $371K | $498K | $450K | — | View 990 |
| 2022 | $304K | $484K | $113K | $33K | — | View 990 |
| 2021 | $305K | $302K | $339K | $155K | — | View 990 |
| 2020 | $51K | $51K | $1 | $0 | — | — |
| 2019 | $105K | $110K | $175 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $359K, expenses of $371K, and assets of $498K (revenue +18.1% year-over-year).
- 2022: Revenue of $304K, expenses of $484K, and assets of $113K (revenue -0.2% year-over-year).
- 2021: Revenue of $305K, expenses of $302K, and assets of $339K (revenue +496.1% year-over-year).
- 2020: Revenue of $51K, expenses of $51K, and assets of $1 (revenue -51.5% year-over-year).
- 2019: Revenue of $105K, expenses of $110K, and assets of $175.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mt Olive Affordable Housing & Dcd Inc:
Data Sources and Methodology
This transparency report for Mt Olive Affordable Housing & Dcd Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.