Overview
What is Mt Zion Ame Apartments Inc Sec 1?
Mt Zion Ame Apartments Inc Sec 1 is a 72-unit housing facility situated in West Columbia, South Carolina. This nonprofit organization primarily serves low-income families and those displaced due to urban renewal or government actions, where suitable housing options are not available for such groups. The complex offers a living space for these families, contributing to their housing needs within the community. The organization's mission is to provide a home for those in need, demonstrating its commitment to social housing and community development.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (67%, Two-Star out of Four Star rating)
Mt Zion Ame Apartments Inc Sec 1 has shown strong accountability and finance practices, receiving a perfect score of 100% in this area. The organization boasts a fully independent board with nine members, and it has effectively managed its financial oversight, as indicated by scoring 15 out of 15 points on its audit and oversight committee. Additionally, they have maintained a high program expense ratio of 88.50%, demonstrating a commitment to utilizing funds for their intended purpose.
However, the nonprofit faces significant shortcomings in its transparency and governance practices. It has received low scores for various policy disclosures, including missing conflict of interest and whistleblower policies, which are critical for maintaining trust and integrity within the organization. Furthermore, the lack of a posted tax form on their website and other document retention practices contributed to a low overall score.
The liabilities to assets ratio is notably concerning at 378.93%, indicating potential financial instability. While the organization shows promise in its financial management, addressing these governance and transparency issues will be essential for improving its standing and credibility with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mt Zion Ame Apartments Inc Sec 1 legitimate?
Mt Zion Ame Apartments Inc Sec 1 is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mt Zion Ame Apartments Inc Sec 1 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: $0
For more financial information, click here
What is the mission statement of Mt Zion Ame Apartments Inc Sec 1?
Mt Zion Ame Apartments Inc Sec 1 is an organization that focuses on providing housing solutions for families with limited income or those who have been displaced due to urban renewal or government actions. The apartment complex, specifically, houses 72 units, catering to these groups in West Columbia, SC. The mission of Mt Zion Ame Apartments Sec 1 is to address the housing needs of these families, as they often face a lack of suitable housing options in their circumstances. The organization aims to bridge this gap by offering a safe and adequate living space for these families.
Who is the CEO of Mt Zion Ame Apartments Inc Sec 1?
Merritt B Graves is the Chairman of Mt Zion Ame Apartments Inc Sec 1.
What is the revenue of Mt Zion Ame Apartments Inc Sec 1?
Mt Zion Ame Apartments Inc Sec 1's revenue in 2022 was $609,928.
Who are the executives of Mt Zion Ame Apartments Inc Sec 1 and what are their salaries?
Here are 9 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mt Zion Ame Apartments Inc Sec 1?
Mt Zion Ame Apartments Inc Sec 1's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mt Zion Ame Apartments Inc Sec 1
Mt Zion Ame Apartments Inc Sec 1 is dedicated to providing housing solutions for families who fall under the categories of low and moderate income, as well as those who have been displaced due to urban renewal or government actions. In situations where suitable housing is scarce for such groups, this nonprofit organization steps in to offer a 72-unit apartment complex as a sanctuary. The mission of Mt Zion Ame Apartments Inc Sec 1 is to serve as a beacon of hope for these families, offering them a secure place to call home during challenging times. By providing housing, the organization contributes to the overall well-being and stability of the affected families, enabling them to focus on other aspects of their lives.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Mt Zion Ame Apartments Inc Sec 1 has a significant impact on the community by providing much-needed housing for low and moderate income families, as well as families displaced from urban renewal areas or as a result of government action. The 72-unit apartment complex located in West Columbia, SC plays a crucial role in ensuring that these vulnerable groups have access to safe and affordable housing where no adequate housing exists for them. This impact directly contributes to addressing the housing needs of individuals and families who may otherwise struggle to find suitable accommodation, thereby improving their quality of life and stability.
This information is meant to be a general summary of Mt Zion Ame Apartments Inc Sec 1. 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: $94
- Program Service Revenue: $162,507
- Gross Receipts: $609,928
Assets and Liabilities:
- Total Assets: $311,923
- Total Liabilities: $1,181,998
- Net Assets: -$870,075
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT
Revenue
$162,507
Organization Details
Founding Year
1970
Phone
(803) 808-3966Principal Officer
Merritt B Graves
Main Address
1403 JARET COURT, WEST COLUMBIA, SC, 29169
NTEE Category
Code: L22 - Housing
If you are a representative of Mt Zion Ame Apartments Inc Sec 1 and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.