Abiding Peace Senior Housing Corp

Organization Overview

Abiding Peace Senior Housing Corp, operating under the name Mount Olive Manor I & Ii, is located in Burlington, NJ. The organization was established in 1994. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Olive Manor I & Ii is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Mount Olive Manor I & Ii generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

A FAITH-BASED ORGANIZATION THAT PROVIDES HOUSING FOR THE ELDERLY WHO ARE AT LEAST 62 YEARS OLD.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ABIDING PEACE SENIOR HOUSING CORPORATION, D/B/A MOUNT OLIVE MANOR AND MOUNT OLIVE MANOR II, IS A NON-PROFIT CORPORATION THAT OPERATES A 111-UNIT RESIDENTIAL FACILITY LOCATED IN MOUNT OLIVE, NEW JERSEY. THE ORGANIZATION OPERATES UNDER SECTION 202 OF THE NATIONAL HOUSING ACT. AFFORDABLE HOUSING IS PROVIDED FOR QUALIFIED ELDERLY PERSONS WHO ARE AT LEAST 62 YEARS OF AGE. THE PROJECT IS REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT WITH RESPECT TO RENTAL CHARGES, OPERATING EXPENSES AND OPERATING METHODS.


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Board, Officers & Key Employees

Name (title)Compensation
Karen Luce
President
$0
Patricia Backman
Secretary
$0
Kenneth Schwier
Treasurer
$0
Colleen P Frankenfield
President & CEO
$0
Jeannine Richman
Sr. Vice President & CFO
$0
Bethany Moubayed
Trustee
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$12,746
Government grants $2,740
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$15,486
Total Program Service Revenue$1,072,347
Investment income $1,490
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,140,156

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