Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 1995.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
74 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
9 people listed on the 990.
Rosalind Osgood’s $129K as Executive Director is at the 35th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2025 | FY2022 |
|---|---|---|
| Rosalind Osgood | $129,291 | $115,125 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Mount Olive Development Corporation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Revitalizes communities by providing affordable housing, social services, and job opportunities.
Questions for Mount Olive Development Corporation
Your first name shows with your question. Mount Olive Development Corporation answers here, for everyone.
Provide affordable housing and jobs to disabled, homeless, and low income persons. Also assisted with job creation and placement
Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 65-0548855) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
Federal money
The auditor reported no findings.
The auditor reported no findings.
The auditor reported no findings.
The auditor reported 2 findings: a material weakness in money controls.
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $110K | $26K |
| Land, buildings, equipmentLn 10c | $1.9M | $1.8M |
| Total assetsLn 16 | $2.0M | $1.9M |
| LiabilitiesLn 26 | $913K | $858K |
| Net assetsLn 32 | $1.1M | $1.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $124K | $124K | ||
| Other salaries and wagesLn 7 | $392K | $382K | $9K | |
| Management feesLn 11a | $250 | $250 | ||
| Legal feesLn 11b | $42K | $30K | $12K | |
| Advertising and promotionLn 12 | $4K | $4K | ||
| Office expensesLn 13 | $29K | $17K | $13K | |
| OccupancyLn 16 | $56K | $45K | $11K | |
| TravelLn 17 | $1K | $421 | $1K | |
| Depreciation, depletion and amortizationLn 22 | $65K | $65K | ||
| InsuranceLn 23 | $30K | $30K | ||
| Other expenses (24a–d)Ln 24 | $114K | $68K | $46K | |
| Total functional expensesLn 25 | $857K | $637K | $220K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS Jul 2, 2026 | $1.1M | $871K | $223K | $1.4M | 990 PDF |
| FY2024Filed with the IRS Jun 29, 2025 | $821K | $763K | $58K | $1.2M | 990 PDF |
| FY2023Filed with the IRS Aug 1, 2024 | $860K | $864K | −$4K | $1.1M | 990 PDF |
| FY2022Filed with the IRS May 22, 2023 | $873K | $880K | −$7K | $1.1M | 990 PDF |
| FY2021Filed with the IRS Jun 30, 2022 | $871K | $892K | −$21K | $1.1M | 990 PDF |
| FY2020 ViewingFiled with the IRS Jun 8, 2021 | $855K | $857K | −$2K | $1.1M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $855,154 revenue, 12 lines filed
Part VI · Governance 8 of 8 board members independent, 2 to look at
Part VIII · Statement of revenue $855,154 across 5 lines filed
Part IX · Statement of functional expenses $857,060 across 11 lines filed
Part X · Balance sheet $1,935,258 assets, 14 lines filed
Part XI · Reconciliation of net assets $1,077,160 net assets at year end
Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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