Totals
- Total revenue
- $277,767
- Total expenses
- $336,488
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $274,945
- Investment income
- $1,958
- Other revenue
- $864
- Total assets, end of year
- $1,715,445
- Total liabilities, end of year
- $2,927,210
- Net assets or fund balances, end of year
- -$1,211,765
- Program services expenses (Part IX)
- $269,484
- Management and general expenses
- $67,004
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $269,484
Program services were 80.1% 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: TENANT PAYMENTS
total $139,960 · related or exempt $139,960
-
2b · Program service revenue: TENANT ASSISTANCE PAYMENTS
total $134,985 · related or exempt $134,985
-
3 · Investment income
total $1,958 · excluded $1,958
-
11a · Other revenue: MISCELLANEOUS
total $864 · related or exempt $864
-
11e · Other revenue, total
$864
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $47,998 · program services $25,326 · management and general $22,672
-
9 · Other employee benefits
total $15,144 · program services $15,144
-
10 · Payroll taxes
total $4,455 · program services $4,455
-
11a · Fees: management
total $17,757 · management and general $17,757
-
11b · Fees: legal
total $206 · management and general $206
-
11c · Fees: accounting
total $5,830 · management and general $5,830
-
13 · Office expenses
total $15,609 · management and general $15,609
-
16 · Occupancy
total $23,543 · program services $23,543
-
22 · Depreciation, depletion and amortization
total $83,480 · program services $83,480
-
23 · Insurance
total $48,318 · program services $48,318
-
24a · Other expenses: MAINTENANCE CONTRACTS
total $26,692 · program services $26,692
-
24b · Other expenses: RESIDUAL RECEIPTS RECAPTU
total $11,798 · program services $11,798
-
24c · Other expenses: ELDERLY CARE EXPENSES
total $10,079 · program services $10,079
-
24d · Other expenses: GARBAGE & TRASH REMOVAL
total $9,472 · program services $9,472
-
24e · All other expenses
total $16,107 · program services $11,177 · management and general $4,930
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $13,612 · end of year $54,207
-
4 · Accounts receivable
beginning of year $32,654 · end of year $23,269
-
9 · Prepaid expenses and deferred charges
beginning of year $3,923 · end of year $1,718
-
10a · Land, buildings and equipment: cost or other basis
$3,012,175
-
10b · Land, buildings and equipment: accumulated depreciation
$1,612,525
-
10c · Land, buildings and equipment, net
beginning of year $1,465,580 · end of year $1,399,650
-
15 · Other assets
beginning of year $250,708 · end of year $236,601
-
17 · Accounts payable and accrued expenses
beginning of year $45,448 · end of year $53,094
-
23 · Secured mortgages and notes payable
beginning of year $2,863,742 · end of year $2,863,742
-
25 · Other liabilities
beginning of year $10,331 · end of year $10,374
-
27 · Net assets without donor restrictions
beginning of year -$1,153,044 · end of year -$1,211,765
Mission and programs · 2024
Mission
LOW INCOME HOUSING
-
ZION CORNER DEVELOPMENT II, INC IS A NONPROFIT CORPORATION ESTABLISHED TO PROVIDE ELDERLY AND DISABLED PERSONS WITH HOUSING UTILIZING FUNDS PROVIDED BY A CAPITAL ADVANCE UNDER SECTION 202 OF THE NATIONAL HOUSING ACT OF 1959, AS AMENDED. THE CAPITAL ADVANCE REQUIREMENTS ARE IN COMPLIANCE WITH THE PROVISIONS AND REGULATIONS OF THE ACT.
Expenses $269,484 · Revenue $274,945
As filed on the 2024 return.
Listed in Part VII
-
Lisa CalliottLISA CALLIOTT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Maureen DunnMAUREEN DUNN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Dew GaineySANDRA DEW GAINEY
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jason HannekeJASON HANNEKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Alverne HoodALVERNE HOOD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Gene StubblefieldGENE STUBBLEFIELD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Joseph GirardiJOSEPH GIRARDI
CFO
- Total calculated
- $0
- Hours/week
- 1
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
- 6 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202533149349303648
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