Overview
What is Mt Zion Development Inc?
Mt Zion Development Inc, with its Doing Business As name being BJ Gaston Bethesda Village, is a nonprofit organization located at 2400 29th Street, Zion, Illinois 60099. Their primary mission is to provide senior and handicapped housing under the Department of Housing and Urban Development Section 202 Program. This program involves offering 40 units of housing specifically designed for this demographic. With a team of six dedicated individuals, Mt Zion Development Inc is committed to making a positive impact on the senior and handicapped community in their area.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating.
Mt Zion Development Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. This rating is primarily based on the charity's robust governance structure, with a fully independent board and comprehensive policies in place regarding conflict of interest and whistleblowing, indicating strong oversight. The organization demonstrated a high program expense ratio of 79.15%, which suggests that a significant portion of its expenses is directed towards its mission-related activities.
While the charity excels in several areas, including financial audits and board governance, it is notable that its liabilities to assets ratio is quite high at 179.27%. This figure may raise concerns regarding the organization’s financial sustainability and ability to meet its obligations. Overall, while Mt Zion Development Inc shows strengths in accountability and financial management, potential donors and supporters may want to consider this financial ratio when assessing the organization's long-term viability.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Zion Development Inc legitimate?
Mt Zion Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Zion Development 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: $175,243
For more financial information, click here
What is the mission statement of Mt Zion Development Inc?
Mt Zion Development Inc's mission is centered around providing senior and handicapped housing. They accomplish this through the utilization of the HUD Section 202 Loan Program. This program enables them to offer housing solutions for individuals who are either elderly or have disabilities. Their commitment is reflected in the provision of 40 units of such housing, aiming to enhance the living conditions for these groups. The Department of Housing and Urban Development (HUD) backs this program, ensuring a reliable source of funding for their initiatives.
Who is the CEO of Mt Zion Development Inc?
Amos Monk is the President of Mt Zion Development Inc.
What is the revenue of Mt Zion Development Inc?
Mt Zion Development Inc's revenue in 2022 was $848,507.
Who are the executives of Mt Zion Development Inc and what are their salaries?
The average compensation at Mt Zion Development Inc during 2022 was $29,207. There are 6 employees and 7 volunteers at Mt Zion Development Inc.
Here are 7 key members and their salaries:
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Where can I find the form 990 for Mt Zion Development Inc?
Mt Zion Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Zion Development Inc
Mt Zion Development Inc, as a nonprofit organization, is dedicated to providing senior and handicapped housing under the Department of Housing and Urban Development (HUD) Section 202 Loan Program. This mission involves constructing and managing living spaces that cater to the unique needs of elderly and disabled individuals, ensuring they have access to safe and comfortable housing. Through the Section 202 program, Mt Zion Development Inc has successfully provided 40 such housing units, offering a sense of independence and security to those who require it most.
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Impact
October, 2024
Mt Zion Development Inc significantly impacts the community by providing essential housing solutions for seniors and individuals with disabilities. By developing 40 units under the HUD Section 202 Loan Program, it addresses the critical need for affordable and accessible living options in Zion, IL. This initiative enhances the quality of life for its residents, allowing them to live independently in a secure environment tailored to their needs. The organization plays a crucial role in promoting inclusive communities, ensuring that vulnerable populations have safe and supportive housing options.
This information is meant to be a general summary of Mt Zion Development 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: $184
- Program Service Revenue: $846,912
- Gross Receipts: $848,507
Assets and Liabilities:
- Total Assets: $1,401,366
- Total Liabilities: $2,512,340
- Net Assets: -$1,110,974
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$846,912
Organization Details
Founding Year
1982
Phone
(847) 872-2148Principal Officer
Amos Monk
Main Address
2400 29TH STREET, ZION, IL, 60099
NTEE Category
Code: L22 - Housing
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