Overview
What is Mount Zion Housing Authority Of Hammond?
Mount Zion Housing Authority of Hammond is a nonprofit organization that is dedicated to serving the elderly and handicapped community. Their primary mission is to provide affordable housing options for this demographic, ensuring they have access to suitable living spaces. The organization's programs center around offering low-income housing, making it easier for the elderly and handicapped to secure a place to call home.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71%, earning it a Two-Star out of Four Star rating.
The Mount Zion Housing Authority of Hammond has received a moderately favorable rating, reflecting its accountability and financial health. The organization scores well on several governance aspects, including having a fully independent board and strong financial oversight processes. Notably, it maintains a high program expense ratio, indicating that a significant majority of its funds are directed towards its programs.
However, the organization faces challenges, particularly highlighted by a concerning liabilities to assets ratio of 163.68%, which suggests a potential risk in managing its financial obligations. This aspect may raise red flags for donors regarding the long-term sustainability of its financial health. Overall, while there are positive elements in governance and program spending, the financial liabilities pose limitations that stakeholders should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Mount Zion Housing Authority Of Hammond legitimate?
Mount Zion Housing Authority Of Hammond is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Zion Housing Authority Of Hammond 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: $309,694
For more financial information, click here
What is the mission statement of Mount Zion Housing Authority Of Hammond?
Mount Zion Housing Authority of Hammond is dedicated to serving the elderly and handicapped population by offering affordable housing options. Their primary mission is to provide suitable living accommodations for individuals who fall under these categories, ensuring they have access to safe and comfortable residences. The organization implements programs that cater to low-income families within this demographic, ensuring they have a place to call home. In essence, Mount Zion Housing Authority of Hammond is committed to enhancing the quality of life for the elderly and handicapped by addressing their housing needs.
Who is the CEO of Mount Zion Housing Authority Of Hammond?
David Jasper is the Board Member of Mount Zion Housing Authority Of Hammond.
What is the revenue of Mount Zion Housing Authority Of Hammond?
Mount Zion Housing Authority Of Hammond's revenue in 2022 was $1,832,100.
Who are the executives of Mount Zion Housing Authority Of Hammond and what are their salaries?
The average compensation at Mount Zion Housing Authority Of Hammond during 2022 was $38,712. There are 8 employees and 5 volunteers at Mount Zion Housing Authority Of Hammond.
Here are 5 key members and their salaries:
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- Other: $0
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- Compensation: $0
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Where can I find the form 990 for Mount Zion Housing Authority Of Hammond?
Mount Zion Housing Authority Of Hammond's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mount Zion Housing Authority Of Hammond
Mount Zion Housing Authority of Hammond, as its name suggests, is dedicated to providing housing for individuals who fall into the categories of elderly and handicapped. This nonprofit organization's mission is to offer low-income housing options specifically tailored for this demographic, aiming to ensure they have access to comfortable and suitable living spaces. By implementing such programs, Mount Zion Housing Authority of Hammond contributes to the well-being and overall quality of life for these vulnerable populations, offering them a sense of security and stability in their living arrangements.
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Impact
October, 2024
Mount Zion Housing Authority of Hammond significantly impacts the community by offering accessible housing solutions for the elderly and handicapped. By focusing on low-income housing, it addresses critical needs within these demographics, ensuring that vulnerable populations have safe and affordable living environments. This initiative not only enhances the quality of life for residents but also fosters a sense of dignity and independence. The authority’s efforts contribute to community stability and support the overall well-being of individuals facing various challenges, reflecting a commitment to inclusivity and care within the Indianapolis area.
This information is meant to be a general summary of Mount Zion Housing Authority Of Hammond. 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: $7,220
- Program Service Revenue: $1,819,734
- Gross Receipts: $1,832,100
Assets and Liabilities:
- Total Assets: $2,890,426
- Total Liabilities: $4,731,303
- Net Assets: -$1,840,877
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE
Revenue
$1,320,688
RENTAL INCOME
Revenue
$499,046
Organization Details
Founding Year
1982
Phone
(317) 921-1950Principal Officer
David Jasper
Main Address
1712 N MERIDIAN STREET 300, INDIANAPOLIS, IN, 46202
NTEE Category
Code: L21 - Housing
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