Overview
What is Zion Hills Apartments Inc?
Zion Hills Apartments Inc is a nonprofit organization situated in Matthews, North Carolina, with a specific focus on providing affordable housing solutions for low-income families. Their mission is deeply rooted in this goal, ensuring they offer housing that is within reach for families who may struggle financially. The organization's activities and mission are intertwined, both aiming to make a significant impact on the housing landscape for these families.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79%, Three-Star out of Four Star rating
Zion Hills Apartments Inc has received a solid Three-Star rating from Charity Navigator, based primarily on its Accountability & Finance score of 79%. This rating reflects the organization’s commitment to transparency and responsible financial management, with a significant emphasis placed on independent governance. The organization boasts a fully independent board, which contributes positively to its governance practices.
The evaluation highlights several strengths, including a perfect score in areas such as the majority of independent board members, material diversion of assets, and the establishment of essential policies like conflict of interest and whistleblower policies. Additionally, the program expense ratio of 95.83% indicates that a substantial portion of its funding is directed towards its programs, underscoring its mission-driven focus.
While the overall score is commendable, it is predominantly based on the Accountability & Finance metrics, which may suggest that additional performance measures such as program impact and community engagement were not assessed. Nevertheless, the existing framework indicates a strong foundation for operational integrity and responsibility.
This AI summary has been generated from information found on Charity Navigator.
Is Zion Hills Apartments Inc legitimate?
Zion Hills Apartments Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zion Hills 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:
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What is the mission statement of Zion Hills Apartments Inc?
Zion Hills Apartments Inc is committed to serving low-income families by providing them with affordable housing. This mission is carried out through various initiatives, one of which is ensuring that housing is within their financial reach. The organization strives to make a significant impact in the lives of these families, offering them a place to call home without straining their budgets. By providing affordable housing, Zion Hills Apartments Inc contributes to creating stable living environments, thereby improving the overall well-being of the families they serve.
Who is the CEO of Zion Hills Apartments Inc?
Dr Bryant Norman is the Chairman of Zion Hills Apartments Inc.
What is the revenue of Zion Hills Apartments Inc?
Zion Hills Apartments Inc's revenue in 2023 was $482,634.
Who are the executives of Zion Hills Apartments Inc and what are their salaries?
There 10 volunteers at Zion Hills Apartments Inc.
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Where can I find the form 990 for Zion Hills Apartments Inc?
Zion Hills Apartments Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Zion Hills Apartments Inc
Zion Hills Apartments Inc, as a nonprofit organization, is dedicated to providing affordable housing for low-income families. This mission is central to its operations and activities. The organization strives to ensure that families who struggle financially have access to comfortable and reasonably priced housing, thereby improving their living conditions and overall quality of life. By offering affordable housing, Zion Hills Apartments Inc contributes to the well-being of its community, providing a vital resource for those in need. This mission is reflected in the organization's day-to-day operations, which are focused on providing housing solutions that are both affordable and of high quality.
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Impact
July, 2024
Zion Hills Apartments Inc's impact lies in providing affordable housing for low-income families in Matthews, NC. Through their mission to offer affordable housing options, Zion Hills Apartments Inc contributes to addressing the housing needs of low-income families in the community. By providing a stable and secure living environment, they help improve the quality of life for those who may struggle to find affordable housing options. This impact not only benefits the individuals and families directly served by Zion Hills Apartments Inc but also contributes to creating a more inclusive and supportive community for all residents in Matthews.
This information is meant to be a general summary of Zion Hills 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 2023.
- Investment Income: $33
- Program Service Revenue: $130,570
- Gross Receipts: $482,634
Assets and Liabilities:
- Total Assets: $3,940,518
- Total Liabilities: $4,515,944
- Net Assets: -$575,426
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TENANT RENTAL PAYMENTS
Revenue
$122,138
TENANT CHARGES
Revenue
$5,148
LEGAL FEES
Revenue
$2,336
ENTITY REVENUE
Revenue
$548
VENDOR REFUND
Revenue
$400
Organization Details
Founding Year
1969
Phone
(704) 882-5415Principal Officer
Dr Bryant Norman
Main Address
300 EAST JOHN STREET SUITE 138, MATTHEWS, NC, 28105
NTEE Category
Code: L20 - Housing
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