Overview
What is Zion Non-Profit Corporation Ta Zion Gardens?
Zion Non-Profit Corporation Ta Zion Gardens is a nonprofit organization established in Pennsylvania, specifically in Philadelphia. Its primary mission is to improve the living conditions of low-income families, the elderly, and individuals with disabilities. To achieve this, the corporation owns and operates a 94-unit apartment community named Zion Gardens. The corporation leased this property in 2014, and since then, it has ceased managing the rental operations. The nonprofit continues to maintain ownership of the buildings and land for a low-income housing tax credit program, using the lease revenues to develop the surrounding area of Zion Baptist Church with additional low-income housing. Currently, the corporation is engaging in negotiations regarding property owned by another church entity.
Is Zion Non-Profit Corporation Ta Zion Gardens legitimate?
Zion Non-Profit Corporation Ta Zion Gardens is a legitimate nonprofit organization registered as a 501(c)(4) entity. Zion Non-Profit Corporation Ta Zion Gardens submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Zion Non-Profit Corporation Ta Zion Gardens?
Zion Non-Profit Corporation Ta Zion Gardens is dedicated to improving the living conditions of needy, elderly, and handicapped families. They accomplish this by providing housing for individuals with low and moderate income. The organization's primary goal is to promote welfare through housing provision. After leasing its low-income housing building in December 2014, Zion Non-Profit Corporation continues to hold title to the buildings and land for a Low-Income Housing Tax Credit Program. The corporation intends to utilize the income from leasing Zion Gardens to develop the surrounding area with more low-income housing. Currently, they are in the process of establishing a relationship regarding property owned by another church entity.
Who is the CEO of Zion Non-Profit Corporation Ta Zion Gardens?
Unavailable
What is the revenue of Zion Non-Profit Corporation Ta Zion Gardens?
Zion Non-Profit Corporation Ta Zion Gardens's revenue in 2022 was $244,618.
Who are the executives of Zion Non-Profit Corporation Ta Zion Gardens and what are their salaries?
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Zion Non-Profit Corporation Ta Zion Gardens?
Zion Non-Profit Corporation Ta Zion Gardens's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zion Non-Profit Corporation Ta Zion Gardens
Zion Non-Profit Corporation Ta Zion Gardens is committed to enhancing the well-being of families in need, the elderly, and individuals with disabilities. They achieve this mission by providing affordable housing for individuals with low and moderate incomes. This non-profit organization, established with a focus on community welfare, owns a 94-unit apartment complex known as Zion Gardens. After leasing the property to Zion Gardens LP on December 23, 2014, the non-profit continues to hold title to the buildings and land, utilizing it for a Low-Income Housing Tax Credit Program. By leveraging the proceeds from the leasing of Zion Gardens, Zion Non-Profit Corporation Ta Zion Gardens aims to develop the surrounding area of Zion Baptist Church with additional low-income housing. Currently, the corporation is in the process of establishing a relationship regarding property owned by another church entity.
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Impact
October, 2024
Zion Non-Profit Corporation Ta Zion Gardens significantly enhances the lives of needy, elderly, and handicapped families in Philadelphia by providing essential housing opportunities. By owning and operating a 94-unit apartment community known as Zion Gardens, it ensures that low and moderate-income individuals have access to affordable housing.
This initiative directly addresses the pressing challenge of housing insecurity in the area, promoting stability and dignity for vulnerable populations. The corporation has strategically focused its efforts on leasing the Zion Gardens property, with the intention of using the proceeds to further develop additional low-income housing around the Zion Baptist Church. This long-term vision not only expands housing availability but also fosters a sense of community and support for families in need.
Moreover, Zion Gardens serves as a model for utilizing property assets in the context of a Low-Income Housing Tax Credit program, thus contributing to the broader effort of enhancing affordable housing initiatives in Philadelphia. The commitment to improving the welfare of underserved communities through targeted housing solutions exemplifies the impactful work being done to uplift residents and promote social equity.
This information is meant to be a general summary of Zion Non-Profit Corporation Ta Zion Gardens. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $240,618
- Gross Receipts: $244,618
Assets and Liabilities:
- Total Assets: $8,328,485
- Total Liabilities: $27,485
- Net Assets: $8,301,000
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Organization Details
Founding Year
1964
Phone
(215) 844-4848Main Address
140 W MAPLEWOOD AVE, PHILADELPHIA, PA, 19144
NTEE Category
Code: L21Z - Housing
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