2025-02-11T13:17:20-06:00 2024-08-31 582646754 CARTER & COMPANY CPAS LLC PO BOX 279 DESTIN FL 32540 990 2023-09-01 591403029 MOUNT OLIVE GARDENS NO 1 INC MOUN 9544635126 400 NW 9TH AVENUE FORT LAUDERDALE FL 33311 JONATHAN ALLEN PRESIDENT 9544635126 2025-02-11 1 0 SAMUEL T BOERMA P00614373 8506500125 2023 2025-03-06 01:10:19Z X JONATHAN ALLEN 400 NW 9TH AVENUE FORT LAUDERDALE FL 33311 795420 0 X N/A X 1969 FL 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 LOW-TO-MODERATE INCOME RESIDENTS. 5 5 0 0 0 0 0 0 838672 766436 8206 28984 0 0 846878 795420 0 0 0 0 164052 158698 0 0 0 754723 877114 918775 1035812 -71897 -240392 1530592 973595 386881 70276 1143711 903319 X 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 LOW-TO-MODERATE INCOME RESIDENTS. 0 0 974663 766436 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. 974663 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 34 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X PHASE HOUSING MANAGEMENT LLC 7708091218 4920 ATLANTA HWY SUITE 345 ALPHARETTA GA 30004 X VERONICA PINO DIRECTOR 1.00 X 0 0 0 JONATHAN ALLEN PRESIDENT 1.00 X X 0 0 0 TAMELA LUMPKINS STARKS VICE PRESIDENT & SECRETARY 1.00 X X 0 0 0 RONALD HOLT TREASURER 1.00 X X 0 0 0 KEVIN ANDERSON DIRECTOR 1.00 X 0 0 0 BEVERLY JACKSON DIRECTOR 1.00 X 0 0 0 AVOLENE CHANGE PRESIDENT 10.00 X 0 0 0 DOROTHEA PAYTON SECRETARY 1.00 X 0 0 0 0 0 0 0 0 0 0 0 RENTAL REVENUE 531110 766436 766436 766436 28984 28984 795420 766436 0 28984 139513 139513 9349 9349 9836 9836 28627 28627 6065 1065 5000 7232 7232 11733 11733 6989 6989 166742 166742 1367 1367 47774 47774 246655 246655 REPAIRS AND MAINTENANCE 124567 124567 SECURITY CONTRACT 117300 117300 BAD DEBT EXPENSE 98203 98203 MISCELLANEOUS ADMINISTR 11934 11934 1926 1926 1035812 974663 61149 0 7178 2795 243162 238283 321151 101847 42476 42167 1967264 1590211 442912 377053 473713 211450 1530592 973595 368823 51662 3040 5062 15018 13552 386881 70276 X 1143711 903319 1143711 903319 1530592 973595 -240392 0 X X 0 1 X 1 1 1 X 705954 677446 743827 838672 766436 3732335 705954 677446 743827 838672 766436 3732335 0 0 0 3732335 546 821 693 8206 28984 39250 546 821 693 8206 28984 39250 706500 678267 744520 846878 795420 3771585 0.98960 0.99710 0.01040 0.00290 X 54460 54460 1675662 1433310 242352 192978 112737 80241 44164 44164 0 377053 UTILITY DEPOSITS 1459 TENANT SECURITY DEPOSITS 14789 ESCROW DEPOSITS 25123 REPLACEMENT RESERVE 170079 211450 TENANT SECURITY DEPOSITS 13552 13552 X 795420 0 795420 0 795420 1035812 0 1035812 0 1035812 PART X, LINE 2: THE ORGANIZATION IS CLASSIFIED AS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THEREFORE, NO PROVISION FOR INCOME TAXES IS INCLUDED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10 INCOME TAXES. IT REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A 'MORE-LIKELY-THAN-NOT' THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE IMPLEMENTATION OF ASC 740-10 HAD NO IMPACT ON THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION OR STATEMENT OF ACTIVITIES. THE ORGANIZATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS AND THAT NO INCOME TAXES ARE DUE FOR ITS ACTIVITIES. FORM 990, PART VI, SECTION A, LINE 3 MANAGEMENT OF RENTAL PROPERTY CONTRACTED OUT TO PHASE HOUSING MANAGEMENT, LLC. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION PROVIDES A COPY BY E-MAIL OF FORM 990 AND RELATED SCHEDULES TO EACH BOARD MEMBER PRIOR TO THE FORM 990 BEING FILED FOR COMMENT OR CORRECTIONS. A SPECIAL MEETING IS HELD TO APPROVE FORM 990 AND THE ANNUAL AUDIT. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES PERIODIC REVIEW TO ENSURE THE BOARD OPERATES IN A MANNER CONSISTENT WITH CHARITABLE PURPOSES AND DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS TAX-EXEMPT STATUS. REVIEWS SHALL BE CONDUCTED AT EACH MEETING. EACH FISCAL YEAR, EACH BOARD MEMBER COMPLETES A CONFLICT OF INTEREST FORM. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED SINCE THE PRIOR YEAR. NEW MOUNT OLIVE BAPTIST CHURCH INC 400 NW 9TH AVENUE FT LAUDERDALE FL 33311 592276086 RELIGOUS FL 501(C)(3) LINE 1 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0