Overview
What is Mount Zion Sheltering Arms For The Elderly Inc?
Mount Zion Sheltering Arms for the Elderly Inc. is a nonprofit organization based in San Antonio, Texas, established under the state's laws. The primary purpose of this organization is to develop and operate an apartment complex, offering 40 units for elderly and handicapped individuals. This project is in compliance with Section 8 and 207/223(F) of the National Affordable Housing Act, with regulations overseen by the U.S. Department of Housing and Urban Development (HUD). The project's goal is to promote independent living, catering to the physical, social, and emotional needs of its residents. Sponsored by Mount Zion First Baptist Church, the complex provides subsidized housing, with mortgage insurance provided by the Federal Housing Administration of HUD.
Is Mount Zion Sheltering Arms For The Elderly Inc legitimate?
Mount Zion Sheltering Arms For The Elderly Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mount Zion Sheltering Arms For The Elderly 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: $81,798
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What is the mission statement of Mount Zion Sheltering Arms For The Elderly Inc?
Mount Zion Sheltering Arms for the Elderly Inc., as a non-profit organization, is established with the primary objective of providing housing facilities and services. Its mission is centered around promoting independent living for the elderly and individuals with disabilities, aiming to meet their physical, social, and emotional needs. The organization operates under Section 8 of the National Affordable Housing Act, with mortgage insurance provided by the Federal Housing Administration (FHA). Regulated by the U.S. Department of Housing and Urban Development (HUD), the project provides subsidized housing and adheres to the provisions of Section 8 and 207/223(F) of the National Affordable Housing Act. The regulatory agreement prohibits any distributions since the corporation is a non-profit entity.
Who is the CEO of Mount Zion Sheltering Arms For The Elderly Inc?
Daryl Flaggs is the President of Mount Zion Sheltering Arms For The Elderly Inc.
What is the revenue of Mount Zion Sheltering Arms For The Elderly Inc?
Mount Zion Sheltering Arms For The Elderly Inc's revenue in 2022 was $371,421.
Who are the executives of Mount Zion Sheltering Arms For The Elderly Inc and what are their salaries?
Here are 5 key members and their salaries:
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Where can I find the form 990 for Mount Zion Sheltering Arms For The Elderly Inc?
Mount Zion Sheltering Arms For The Elderly Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mount Zion Sheltering Arms For The Elderly Inc
Mount Zion Sheltering Arms For The Elderly Inc is established with a charitable purpose, falling under Section 501(c)(3) of the Internal Revenue Code of 1954. This nonprofit organization's primary objective is to provide housing facilities and services, with a focus on promoting independent living. It aims to cater to the physical, social, and emotional needs of the elderly and the handicapped, seeking to enhance their overall quality of life. The organization operates under the provisions of Section 8 and is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring that rent charges and operational methods adhere to specific guidelines. The regulatory agreement prohibits any distributions to the corporation, as it is a non-profit entity, with mortgage insurance provided by the Federal Housing Administration of the Department of Housing and Urban Development (HUD).
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Impact
October, 2024
Mount Zion Sheltering Arms for the Elderly Inc significantly enhances the quality of life for the elderly and handicapped in San Antonio, Texas, by providing access to affordable housing through a dedicated apartment complex consisting of 40 units. This initiative not only offers shelter but also promotes independence among residents, addressing their physical, social, and emotional needs.
By operating under the provisions of Section 8 and adhering to guidelines from the U.S. Department of Housing and Urban Development (HUD), the corporation ensures that rental charges remain manageable for low-income individuals. The support from Mount Zion First Baptist Church underscores the community's commitment to aging populations, facilitating a nurturing environment where residents can thrive.
Overall, the impact of Mount Zion Sheltering Arms is illustrated in its role as a vital resource that fosters dignity, community connection, and a sense of belonging for elderly and handicapped individuals, ultimately contributing to their well-being and autonomy.
This information is meant to be a general summary of Mount Zion Sheltering Arms For The Elderly 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: $280
- Program Service Revenue: $371,141
- Gross Receipts: $371,421
Assets and Liabilities:
- Total Assets: $390,790
- Total Liabilities: $856,622
- Net Assets: -$465,832
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL REVENUE
Revenue
$371,141
Organization Details
Founding Year
1983
Phone
(210) 531-0577Principal Officer
Daryl Flaggs
Main Address
3238 MARTIN LUTHER KING DRIVE, SAN ANTONIO, TX, 78220
NTEE Category
Code: L22 - Housing
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