Organizations Filed Purposes:
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.
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.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Robert Ingram | TREASURER | 1 | $0 |
| Dorothea Payton | SECRETARY | 1 | $0 |
| Avolene Change | PRESIDENT | 10 | $0 |
| Veronica Pino | DIRECTOR | 1 | $0 |
| Edward Pollard | DIRECTOR | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202013239349301016_public.xml