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← FIRST RISING MT ZION BAPTIST CHURCH HOUSING CORPORATION INC

Form 990 for tax year 2024

Filed by FIRST RISING MT ZION BAPTIST CHURCH HOUSING CORPORATION INC.

Totals

Total revenue
$4,763,384
Total expenses
$4,997,936
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$4,646,559
Investment income
$4,021
Other revenue
$112,804
Total assets, end of year
$23,876,761
Total liabilities, end of year
$29,403,758
Net assets or fund balances, end of year
-$5,526,997
Program services expenses (Part IX)
$4,915,958
Management and general expenses
$81,978
Fundraising expenses
$0
Program service expenses (Part III)
$4,915,958

Program services were 98.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: HUD & DCHA TENANT ASSI

    total $2,698,102 · related or exempt $2,698,102

  • 2b · Program service revenue: RENTAL

    total $1,865,173 · related or exempt $1,865,173

  • 2c · Program service revenue: EXPENSE REIMBURSEMENT

    total $83,284 · related or exempt $83,284

  • 3 · Investment income

    total $4,021 · excluded $4,021

  • 11a · Other revenue: ANTENNA INCOME

    total $59,284 · unrelated business $59,284

  • 11b · Other revenue: LAUNDRY & VENDING

    total $31,008 · related or exempt $31,008

  • 11c · Other revenue: OTHER REVENUE

    total $22,512 · related or exempt $22,512

  • 11e · Other revenue, total

    $112,804

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,274,726 · program services $1,274,726

  • 10 · Payroll taxes

    total $70,377 · program services $70,377

  • 11a · Fees: management

    total $151,553 · program services $151,553

  • 11b · Fees: legal

    total $20,732 · management and general $20,732

  • 11c · Fees: accounting

    total $61,246 · management and general $61,246

  • 16 · Occupancy

    total $482,682 · program services $482,682

  • 20 · Interest

    total $949,039 · program services $949,039

  • 22 · Depreciation, depletion and amortization

    total $786,537 · program services $786,537

  • 23 · Insurance

    total $487,169 · program services $487,169

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $30,680 · program services $30,680

  • 24b · Other expenses: EQUIPMENT RENTAL & MAIN

    total $362,426 · program services $362,426

  • 24c · Other expenses: GARBABGE & TRASH REMOVA

    total $141,164 · program services $141,164

  • 24d · Other expenses: SUPPLIES

    total $87,102 · program services $87,102

  • 24e · All other expenses

    total $92,503 · program services $92,503

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $783,230 · end of year $862,791

  • 4 · Accounts receivable

    beginning of year $78,532 · end of year $50,404

  • 9 · Prepaid expenses and deferred charges

    beginning of year $135,302 · end of year $134,322

  • 10a · Land, buildings and equipment: cost or other basis

    $28,781,484

  • 10b · Land, buildings and equipment: accumulated depreciation

    $9,679,925

  • 10c · Land, buildings and equipment, net

    beginning of year $19,851,794 · end of year $19,101,559

  • 15 · Other assets

    beginning of year $3,501,984 · end of year $3,727,685

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,530,270 · end of year $3,766,231

  • 23 · Secured mortgages and notes payable

    beginning of year $25,979,423 · end of year $25,499,313

  • 25 · Other liabilities

    beginning of year $133,594 · end of year $138,214

  • 27 · Net assets without donor restrictions

    beginning of year -$5,292,445 · end of year -$5,526,997

Mission and programs · 2024

Mission

TO PROVIDE SAFE AND CLEAN HOUSING FOR LOW AND MODERATE INCOME PERSONS AND THEIR FAMILIES

Activities or mission (Part I)

TO PROVIDE SAFE AND CLEAN HOUSING FOR LOW INCOME PERSONS AND THEIR FAMILIES

  • TO PROVIDE 217 UNITS OF HOUSING FOR LOW INCOME PERSONS AND THEIR FAMILIES

    Expenses $4,915,958 · Revenue $4,700,079

As filed on the 2024 return.

Listed in Part VII

  • Dea Harold J Gilliard

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Rev William Fowlkes

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Dea Harold Logan Sr

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Mr Derrick Ford

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Mrs Karen Broadnax

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Dea Prince Jones Sr

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • Mr John Robinson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
23 April 2025
IRS schema version
2024v5.1
Source object
202541189349301739

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