Overview
What is Zion Tabernacle Senior Living Ctr?
Zion Tabernacle Senior Living Center is a nonprofit organization that focuses on providing affordable housing for senior citizens. They accomplish this by owning and managing a 49-unit project, funded under Section 202 of the National Housing Act. This initiative aims to make housing more accessible for elderly individuals with limited income. The center's primary mission revolves around offering low-income housing solutions for seniors, thereby contributing to their well-being and quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Star Rating)
Zion Tabernacle Senior Living Center has received an 86% rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization demonstrates strong governance with 100% independent board members and a well-rounded financial oversight framework, including a well-managed audit and oversight committee. The low liabilities to assets ratio of 2.91% further reflects the organization's financial stability.
The organization effectively allocates its resources, with a program expense ratio of 76.02%, suggesting that a significant portion of its budget is directed toward its mission and services for the senior living community. This commitment to programmatic spending is a positive aspect for potential donors or supporters looking for effective nonprofit organizations.
While the charity holds a favorable rating, potential stakeholders may want to keep an eye on the organization’s ongoing performance and community impact. Overall, Zion Tabernacle Senior Living Center appears to be a reliable institution focused on supporting seniors, backed by sound financial practices and governance.
This AI summary has been generated from information found on Charity Navigator.
Is Zion Tabernacle Senior Living Ctr legitimate?
Zion Tabernacle Senior Living Ctr is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zion Tabernacle Senior Living Ctr 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: $117,528
For more financial information, click here
What is the mission statement of Zion Tabernacle Senior Living Ctr?
The Zion Tabernacle Senior Living Center, as a non-profit organization, is dedicated to providing low-income housing solutions for seniors. It achieves this mission by owning and managing a 49-unit project under Section 202 of the National Housing Act. This initiative aims to offer a comfortable living environment for elderly individuals who may be financially challenged. The center's primary focus is on ensuring that senior citizens have access to affordable housing options, thereby enhancing their quality of life.
Who is the CEO of Zion Tabernacle Senior Living Ctr?
Victor Reid is the Principal Officer of Zion Tabernacle Senior Living Ctr.
What is the revenue of Zion Tabernacle Senior Living Ctr?
Zion Tabernacle Senior Living Ctr's revenue in 2022 was $565,602.
Who are the executives of Zion Tabernacle Senior Living Ctr and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Zion Tabernacle Senior Living Ctr?
Zion Tabernacle Senior Living Ctr's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zion Tabernacle Senior Living Ctr
Zion Tabernacle Senior Living Center is committed to providing affordable housing for senior citizens. As an organization, it operates a 49-unit project under Section 202 of the National Housing Act, serving as a home for elderly individuals with limited income. By owning and managing this project, Zion Tabernacle Senior Living Center plays a vital role in ensuring that senior citizens have access to suitable living arrangements, thereby enhancing their quality of life.
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Impact
July, 2024
Zion Tabernacle Senior Living Center's impact lies in providing essential low-income housing for seniors in Indianapolis. By owning and operating a 49-unit project under Section 202 of the national housing act, Zion Tabernacle offers a safe and affordable living option for seniors in need. This service not only fulfills a crucial need in the community but also contributes to the well-being and dignity of the elderly residents it serves. Through its commitment to providing housing for seniors, Zion Tabernacle Senior Living Center plays a vital role in improving the quality of life for this vulnerable population.
This information is meant to be a general summary of Zion Tabernacle Senior Living Ctr. 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: $87
- Program Service Revenue: $171,568
- Gross Receipts: $565,602
Assets and Liabilities:
- Total Assets: $2,777,952
- Total Liabilities: $55,988
- Net Assets: $2,721,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENT & CHARGES
Revenue
$171,568
Organization Details
Founding Year
2000
Phone
(317) 921-1170Principal Officer
Victor Reid
Main Address
4025 N SHERMAN DR, INDIANAPOLIS, IN, 46226
NTEE Category
Code: L22 - Housing
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