MOUNT ZION GARDEN APARTMENTS INC (EIN 581108872) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1969

Legal Domicile

Principal Officer

DR BRUCE FORT JR

Phone

7709522233

Tax Period

2023-01-01 to 2023-12-31

MOUNT ZION GARDEN APARTMENTS INC, founded in 1969, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.4M exceeded revenue, resulting in a 21% operating deficit.

Mission

TO CREATE STABLE AND HEALTHY COMMUNITIES BY DEVELOPING, FINANCING AND OPERATING AFFORDABLE HOUSING FOR FAMILIES AND INDIVIDUALS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,116,521

Investment Income $64

Other Revenue $0

TOTAL REVENUE $1,116,585

Expense Breakdown

Grants Paid $0

Salaries & Benefits $249,080

Fundraising Expenses $0

Program Expenses $1,241,859

Other Expenses $1,106,131

TOTAL EXPENSES $1,355,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,116,585	$1,105,344	+0.0%
Expenses	$1,355,211	$1,412,168	0.0%
Net Income	$-238,626	$-306,824	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR BRUCE FORT JR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JUANITA GAY	SECRETARY	1.00	Officer Director	$0	$0	$0
BENNY HAND	BOARD MEMBER	1.00	Director	$0	$0	$0
WILLIE JONES JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DR DANIEL SIMMONS	BOARD MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,116,585	$1,355,211	$1,117,282	$-238,626
2022	$1,105,344	$1,412,168	$1,419,263	$-306,824
2021	$1,111,949	$1,238,535	$1,750,733	$-126,586
2020	$1,075,877	$1,212,205	$1,864,268	$-136,328
2019	$1,046,773	$1,166,936	$2,027,058	$-120,163
2018	$1,044,344	$1,082,236	$2,206,834	$-37,892

MOUNT ZION GARDEN APARTMENTS INC