Overview
What is Mt Zion Suburban Apartments Inc?
Mt Zion Suburban Apartments Inc is a nonprofit organization situated in Indianapolis, Indiana, dedicated to providing affordable housing for the elderly and handicapped. Their mission revolves around offering suitable living options for this specific population, with programs that cater to their unique needs. The organization's efforts are geared towards supporting this community and ensuring their well-being. The apartments themselves serve as a sanctuary for these individuals, providing them with a safe and comfortable environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Mt Zion Suburban Apartments Inc has earned an 86% rating from Charity Navigator, indicating strong performance in accountability and finance. The organization showcases a robust fiscal responsibility with a perfect score in key areas such as independent board membership, material diversion of assets, and program expense ratio, demonstrating a commitment to transparency and effective resource allocation.
The nonprofit's board consists entirely of independent members, reflecting a high standard of governance. Additionally, the financial oversight measures in place, such as an audit and oversight committee, further enhance its credibility and financial health. With a program expense ratio of 94.16%, the majority of its funds are directed towards its mission, which is a positive indicator of its operational effectiveness.
While the organization has shown strengths in many aspects, the overall rating of three stars suggests there may be room for improvement in certain areas. Continued focus on enhancing operational practices and possibly expanding outreach could further elevate its standing and impact within the community.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Zion Suburban Apartments Inc legitimate?
Mt Zion Suburban Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Zion Suburban 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: $112,903
For more financial information, click here
What is the mission statement of Mt Zion Suburban Apartments Inc?
Mt Zion Suburban Apartments Inc is committed to providing housing for the elderly and handicapped community. Their mission is to offer housing options for this specific population, and they support this community through various programs. Located in Indianapolis, their apartments serve as a residence for individuals who fall under these categories. The organization's mission is centered around ensuring that housing is accessible and suitable for this particular demographic.
Who is the CEO of Mt Zion Suburban Apartments Inc?
Willis Oldham is the Board Member of Mt Zion Suburban Apartments Inc.
What is the revenue of Mt Zion Suburban Apartments Inc?
Mt Zion Suburban Apartments Inc's revenue in 2022 was $1,160,570.
Who are the executives of Mt Zion Suburban Apartments Inc and what are their salaries?
The average compensation at Mt Zion Suburban Apartments Inc during 2022 was $11,290. There are 10 employees and 9 volunteers at Mt Zion Suburban Apartments Inc.
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Where can I find the form 990 for Mt Zion Suburban Apartments Inc?
Mt Zion Suburban Apartments Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Zion Suburban Apartments Inc
Mt Zion Suburban Apartments Inc is committed to providing housing for the elderly and handicapped. This nonprofit organization fulfills its mission by offering low-income housing options, catering specifically to this population. The programs and services provided by Mt Zion Suburban Apartments are geared towards supporting this community, ensuring they have adequate housing. The apartments are strategically located, in the heart of Indianapolis, IN. By offering housing solutions, Mt Zion Suburban Apartments aims to contribute to the well-being and comfort of the elderly and handicapped community, thereby promoting a sense of dignity and independence.
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Impact
October, 2024
Mt Zion Suburban Apartments Inc significantly impacts the Indianapolis community by providing affordable housing options specifically tailored for the elderly and handicapped. By focusing on low-income housing, it addresses a critical need within the population, ensuring that these vulnerable groups have safe and accessible living spaces.
The apartments foster a sense of community and belonging, offering an environment where residents can find support and companionship. In addition to housing, various programs are implemented to assist with the unique challenges faced by the elderly and handicapped, enhancing their quality of life and promoting independence.
Overall, Mt Zion Suburban Apartments Inc plays an essential role in promoting housing stability, dignity, and well-being among some of the most underserved residents in Indianapolis.
This information is meant to be a general summary of Mt Zion Suburban 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: $12,475
- Program Service Revenue: $1,119,176
- Gross Receipts: $1,160,570
Assets and Liabilities:
- Total Assets: $1,677,284
- Total Liabilities: $75,172
- Net Assets: $1,602,112
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT ASSISTANCE
Revenue
$778,777
RENTAL INCOME
Revenue
$340,399
Organization Details
Founding Year
1974
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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