Mount Zion Garden Apartments Inc
- Assets
- $1.8m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 6
- Location
- Albany, GA
- Founding
- 04/1972
- Data as of
- 12/2021
- EIN
- 58-1108872
Organization Overview
Mount Zion Garden Apartments Inc is located in Albany, GA. The organization was established in 1972. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Mount Zion Garden Apartments Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Zion Garden Apartments Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Mount Zion Garden Apartments Inc generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE STABLE AND HEALTHY COMMUNITIES BY DEVELOPING, FINANCING AND OPERATING AFFORDABLE HOUSING FOR FAMILIES AND INDIVIDUALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATE APARTMENT COMPLEX OF 148 UNITS UNDER SECTION 207, PURSUANT TO SECTION 223(F), AND SECTION 8 OF THE NATIONAL HOUSING ACT.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Bruce Fort Jr Chairman | OfficerTrustee | 1 | $0 |
Juanita Gay Secretary | OfficerTrustee | 1 | $0 |
Benny Hand Board Member | Trustee | 1 | $0 |
Willie Jones Jr Board Member | Trustee | 1 | $0 |
Dr Daniel Simmons Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,111,905 |
| Investment income | $44 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,111,949 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $201,234 |
| Compensation of current officers, directors, key employees. | $84,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,635 |
| Payroll taxes | $16,844 |
| Fees for services: Management | $95,962 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $554 |
| Office expenses | $18,696 |
| Information technology | $10,142 |
| Royalties | $0 |
| Occupancy | $142,415 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $270,434 |
| Insurance | $176,018 |
| All other expenses | $2,592 |
| Total functional expenses | $1,238,535 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,513 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,453 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $51,510 |
| Net Land, buildings, and equipment | $1,218,819 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $340,438 |
| Total assets | $1,750,733 |
| Accounts payable and accrued expenses | $85,121 |
| Grants payable | $0 |
| Deferred revenue | $3,986 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,687,094 |
| Unsecured mortgages and notes payable | $1,203,979 |
| Other liabilities | $140,005 |
| Total liabilities | $3,120,185 |
| Net assets without donor restrictions | -$1,369,452 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,750,733 |
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