Mount Zion Madison Street Properties
- Assets
- $4.0m
- Revenue
- $612.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Seattle, WA
- Founding
- 03/1996
- Data as of
- 12/2022
- EIN
- 91-1707094
Organization Overview
Mount Zion Madison Street Properties is located in Seattle, WA. The organization was established in 1996. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mount Zion Madison Street Properties is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Mount Zion Madison Street Properties generated $612.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $670.8k during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
AFFORDABLE SENIOR HOUSING
Describe the Organization's Program Activity:
LOW INCOME HOUSING APARTMENT COMPLEX
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Wallace Johnson President | OfficerTrustee | 2 | $0 |
Samuel Cameron Vice President | OfficerTrustee | 1 | $0 |
Dwight Randolph Secretary | OfficerTrustee | 1 | $0 |
Charles Irvin Assistant Treasurer | 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 | $589,264 |
| Investment income | $92 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $22,856 |
| 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 | $612,212 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,935 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $11,555 |
| Payroll taxes | $14,272 |
| Fees for services: Management | $40,809 |
| Fees for services: Legal | $2,758 |
| Fees for services: Accounting | $11,281 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $122 |
| Office expenses | $27,896 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $286,108 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $178,048 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $670,784 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,879 |
| 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 | $25,591 |
| Net Land, buildings, and equipment | $3,494,191 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $456,560 |
| Total assets | $4,009,233 |
| Accounts payable and accrued expenses | $13,051 |
| Grants payable | $0 |
| Deferred revenue | $16,137 |
| 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 | $6,196,782 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $74,976 |
| Total liabilities | $6,300,946 |
| Net assets without donor restrictions | -$2,291,713 |
| 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 | $4,009,233 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bellwether Housing Seattle, WA | $195,617,991 | $40,714,162 |
Sheltercare Eugene, OR | $4,357,138 | $9,135,740 |
Do Good Multnomah Portland, OR | $6,858,210 | $9,987,432 |
Village Community Services Arlington, WA | $2,745,181 | $3,984,634 |
Portland Housing Center Portland, OR | $16,243,202 | $4,834,391 |
Alaska Works Partnership Inc Anchorage, AK | $1,354,654 | $3,295,008 |
Neighborworks Boise Boise, ID | $11,705,252 | $2,794,528 |
Kenai Peninsula Housing Initiatives Incorporated Homer, AK | $24,218,836 | $3,668,693 |
The Home Partnership Foundation Inc Boise, ID | $1,642,021 | $2,420,228 |
Habitat For Humanity International Inc Lynnwood, WA | $3,495,456 | $1,749,874 |
Muslim Housing Services Bellevue, WA | $3,426,960 | $3,186,350 |
Habitat For Humanity International Inc Shelton, WA | $1,207,578 | $1,842,216 |