Overview
What is Mt Zion Apartments Inc?
Mt Zion Apartments Inc is a nonprofit organization committed to serving the housing needs of the elderly and handicapped. Situated within its mission, the organization provides low-income housing, specifically tailored to cater to the unique requirements of the elderly and disabled. Their programs strive to create comfortable living conditions for these individuals, aiming to address their housing needs effectively.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86%, Three-Star out of Four Star rating. This score indicates a strong performance in accountability and finance for Mt Zion Apartments Inc, showcasing the organization’s commitment to maintaining transparency and responsible management of its resources.
With an impressive Accountability & Finance Score of 86, Mt Zion Apartments Inc has demonstrated exceptional governance practices. The organization has a fully independent board, which is a vital factor in ensuring unbiased oversight. Additionally, the financial statements are rigorously audited, and there are no reported issues related to the diversion of assets.
The organization allocates a significant portion of its funds to program expenses, with a program expense ratio of 92.92%. This suggests that the majority of its resources are directed towards fulfilling its mission. Overall, while the financial health appears strong, continued focus on accountability will be essential for sustained donor trust and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Zion Apartments Inc legitimate?
Mt Zion Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Zion Apartments Inc 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: $212,329
For more financial information, click here
What is the mission statement of Mt Zion Apartments Inc?
Mt Zion Apartments Inc, as a organization, is dedicated to providing housing for the elderly and handicapped. Their mission is centered around meeting the housing needs of this specific demographic, ensuring they live in comfortable conditions. This is achieved through specialized programs tailored to cater to the elderly and disabled residents.
Who is the CEO of Mt Zion Apartments Inc?
Willis Oldham is the Board Member of Mt Zion Apartments Inc.
What is the revenue of Mt Zion Apartments Inc?
Mt Zion Apartments Inc's revenue in 2022 was $603,221.
Who are the executives of Mt Zion Apartments Inc and what are their salaries?
The average compensation at Mt Zion Apartments Inc during 2022 was $42,466. There are 5 employees and 8 volunteers at Mt Zion Apartments Inc.
Here are 8 key members and their salaries:
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- Other: $0
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Where can I find the form 990 for Mt Zion Apartments Inc?
Mt Zion Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Zion Apartments Inc
Mt Zion Apartments Inc is committed to providing housing for the elderly and handicapped. With a mission in mind, this organization strives to cater to the unique housing needs of this vulnerable population. Their programs are meticulously designed to offer comfortable living conditions for the aged and disabled, ensuring they have a suitable place to call home. By focusing on this specific demographic, Mt Zion Apartments Inc aims to make a positive impact on their lives, enhancing their quality of living.
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Impact
July, 2024
Mt Zion Apartments Inc provides crucial support and assistance to the elderly and handicapped in Indianapolis, Indiana. By offering low-income housing tailored to meet the specific needs of these vulnerable populations, Mt Zion Apartments plays a vital role in ensuring that these individuals have access to safe and comfortable living conditions. Through its dedicated programs, Mt Zion Apartments contributes significantly to improving the quality of life for the elderly and handicapped in the community.
This information is meant to be a general summary of Mt Zion Apartments Inc. 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: $4,852
- Program Service Revenue: $589,423
- Gross Receipts: $603,221
Assets and Liabilities:
- Total Assets: $798,569
- Total Liabilities: $42,068
- Net Assets: $756,501
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE
Revenue
$396,820
RENTAL INCOME
Revenue
$192,603
Organization Details
Founding Year
1971
Phone
(317) 921-1950Principal Officer
Willis Oldham
Main Address
1712 N MERIDIAN STREET 300, INDIANAPOLIS, IN, 46202
NTEE Category
Code: L22 - Housing
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