Nonprofit · EIN 65-0548855
MOUNT OLIVE DEVELOPMENT CORPORATION
Also known as MODCO
Tax-exempt · FORT LAUDERDALE, FL 33311
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,093,815 | $871,207 | $222,608 | $2,023,418 | $618,213 | $1,405,205 |
| December 31, 2024 | 990 | $820,550 | $762,797 | $57,753 | $1,719,551 | $536,954 | $1,182,597 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $956,769
- of which government grants
- $847,904
- Program service revenue
- $79,378
- Investment income
- $0
- Other revenue
- $57,668
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $407,474
- Salaries, compensation and benefits (total)
- $407,474
- Professional fundraising fees
- $0
- Accounting fees
- $87,273
- Occupancy
- $44,818
- Travel
- $1,587
- Depreciation
- $59,176
- Program services (functional)
- $686,239
- Management and general (functional)
- $152,880
- Fundraising (functional)
- $32,088
Balance sheet and other
- Total assets, start of year
- $1,719,551
- Total assets, end of year
- $2,023,418
- Total liabilities, end of year
- $618,213
- Net assets, end of year
- $1,405,205
- Land, buildings and equipment
- $1,662,294
- Net assets without donor restrictions
- $1,405,205
- Gross receipts
- $1,093,815
- Employees
- 7
- Year formed
- 1999
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Rosalind Osgood | Executive Director Key employee | 40 | $129,291 |
| Johnae Mann | Secretary Trustee or director | 2 | $0 |
| Dr Heidi Richards | Board Member Trustee or director | 2 | $0 |
| Shanon Scott | Board Member Trustee or director | 2 | $0 |
| Adeline Roberts | Board Member Trustee or director | 0 | $0 |
| Rodney Rawls | Board Member Trustee or director | 0 | $0 |
| Beverly Baker-Jackson | Board Member Trustee or director | 0 | $0 |
| Brandy Smith | Board Member Trustee or director | 0 | $0 |
| Gail Bouie | Board Member Trustee or director | 0 | $0 |
| Jamie Pollock | Board Member Trustee or director | 0 | $0 |
| Kelly Scurry | Board Member Trustee or director | 0 | $0 |
| Jacqueline Bennefield | Treasurer Officer | 2 | $0 |
| Linda Brown | Chairperson Officer | 2 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Johnae Mann | Secretary Trustee or director | 2 | $0 |
| Dr Heidi Richards | Board Member Trustee or director | 2 | $0 |
| Shanon Scott | Board Member Trustee or director | 2 | $0 |
| Jacqueline Bennefield | Treasurer Officer | 2 | $0 |
| Monique Corker | Board Member Officer | 2 | $0 |
| Linda Brown | Chairperson Officer | 2 | $0 |
| Candice Odom | Vice Chairperson Officer | 2 | $0 |
| Rosalind Osgood | Executive Director Key employee | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 1530 NW 6TH STREET, FORT LAUDERDALE, FL 33311-7891
- In care of
- % ROSALIND OSGOOD
- Signed the 990
- ROSALIND OSGOOD, President
- Phone
- (954) 764-6488
- Return prepared by
- ANTHONY BRUNSON PA
Mission
The primary purpose is revitalize low and moderate income communities of Broward County by providing affordable housing, social services and job opportunities
Program accomplishments
- Provide affordable housing and jobs to disabled, homeless, and low income persons. Also assisted with job creation and placementExpenses $686,239
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 65-0548855
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1995
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $2,023,418
- Income (IRS master file)
- $1,093,815
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | – | – | – | IRS |
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $859,812 | $864,297 | $1,721,096 | IRS |
| 990 | December 2022 | $873,131 | $880,045 | $1,772,579 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MOUNT OLIVE DEVELOPMENT CORPORATION
- What is the EIN of MOUNT OLIVE DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of MOUNT OLIVE DEVELOPMENT CORPORATION is 65-0548855.
- Is MOUNT OLIVE DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1995.
- Are donations to MOUNT OLIVE DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MOUNT OLIVE DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MOUNT OLIVE DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MOUNT OLIVE DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who are the officers and directors of MOUNT OLIVE DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $129,291 (Rosalind Osgood, Executive Director).
- How much revenue does MOUNT OLIVE DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,093,815, expenses of $871,207 and total assets of $2,023,418 at year end.
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