MOUNT ZION HOUSING DEVELOPMENT

EIN: 943075904 501(c)(3) Housing & Shelter

SEATTLE, WA

Total Revenue
$1,097,033
Total Expenses
$86,271
Total Assets
$28,031,379
Net Assets
$5,535,130
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
WA
Phone
2069132505
Tax Period
2023-01-01 to 2023-12-31

MOUNT ZION HOUSING DEVELOPMENT, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 458% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 92% operating margin.

Mission

Mount Zion Housing Development (MZHD) was founded in 1988 to provide affordable housing to seniors in Seattles Central District. Its first development was McKinney Manor located at 20th Avenue and East Madison. The 64-unit development was named in honor of the Reverend Dr. Samuel B. McKinney, the late pastor of Mt. Zion Baptist Church, community leader and civil rights activist. McKinney envisioned providing affordable housing for seniors who were being priced out of the gentrified Central District. McKinney Manor today is an extremely popular iconic housing development, that has maintained below market rents.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $820,395
Program Service Revenue $300,000
Investment Income $5,926
Other Revenue $-29,288
TOTAL REVENUE $1,097,033

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $36,183
Other Expenses $86,271
TOTAL EXPENSES $86,271

Year-over-Year Comparison

2023 2022 Change
Revenue $1,097,033 $196,689 +4.6%
Expenses $86,271 $79,109 +0.1%
Net Income $1,010,762 $117,580 +7.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
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
4
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEACON WALLACE JOHNNSON President 5.00
Officer Director
$0 $0 $0
SAMUEL CAMERON Vice President 5.00
Officer Director
$0 $0 $0
MARY A CUNNINGHAM HOPKINS BOARD MEMBER 5.00
Director
$0 $0 $0
CHARLES ERVIN Treasurer 5.00
Officer Director
$0 $0 $0
DWIGHT RANDOLPH Secretary 5.00
Officer Director
$0 $0 $0
OLIVIER MABIALA BOARD MEMBER 5.00
Director
$0 $0 $0
CAROL BELL BOARD MEMBER 5.00
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 $1,097,033 $86,271 $28,031,379 $1,010,762
2022 $196,689 $79,109 $14,637,876 $117,580
2021 $238,762 $38,886 $6,635,079 $199,876
2020 $349,739 $292 $657,068 $349,447
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