Zion Corner Development II INC

Tax-deductible

Saint Louis, MO501(c)(3)HousingEIN 43-1927856

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Low income housing

501(c)(3) charity; gifts are tax-deductible.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $43K a year · 17% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.9M
171% of total assets
Concern: liabilities are 171% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$278K
+17% vs prior year
Spent
$336K
To programs
80%
Net assets
−$1.2M
By yearFY2020–FY2024
Revenue
$278K
FY2024▲ +17%
Revenue by fiscal year
FY2020$231K
FY2021$242K
FY2022$237K
FY2023$237K
FY2024$278K
Expenses
$336K
FY2024▲ +25%
Expenses by fiscal year
FY2020$270K
FY2021$277K
FY2022$285K
FY2023$269K
FY2024$336K
Net assets
−$1.2M
FY2024▼ -5%
Net assets by fiscal year
FY2020−$1.0M
FY2021−$1.1M
FY2022−$1.1M
FY2023−$1.2M
FY2024−$1.2M

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2001.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $269K Management & general 20% · $67K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
See Zion Corner Development II INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Zion Corner Development II INC is a housing nonprofit based in Saint Louis, MO.

Provided by the organization

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1 program service account for $269K of program spending, described in the organization's own filed words · FY2024.
01

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.

$269Kprogram expense

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By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$278K
Ln 12
Fees for servicesLn 2g$275K
Investment incomeLn 3$2K
Other incomeLn 4–11$864
Money outPt IX
$336K
Ln 25
Programscol B$269K
Managementcol C$67K
Owns and owesPt X
−$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$54K
Total assetsLn 16$1.7M
LiabilitiesLn 26$2.9M
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$275K
Investment incomeLn 3$2K
Other incomeLn 4–11$864
Total revenueLn 12$278K
Assets in detailPt X, end of year
CashLn 1$54K
Cash and savings togetherLn 1–2$54K
Land, buildings, equipmentLn 10c$1.4M
Other assetsLn 15$237K
Total assetsLn 16$1.7M
LiabilitiesLn 26$2.9M
Net assetsLn 32−$1.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$14K$54K
Land, buildings, equipmentLn 10c$1.5M$1.4M
Total assetsLn 16$1.8M$1.7M
LiabilitiesLn 26$2.9M$2.9M
Net assetsLn 32−$1.2M−$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$48K$25K$23K
Other employee benefitsLn 9$15K$15K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$18K$18K
Legal feesLn 11b$206$206
Accounting feesLn 11c$6K$6K
Office expensesLn 13$16K$16K
OccupancyLn 16$24K$24K
Depreciation, depletion and amortizationLn 22$83K$83K
InsuranceLn 23$48K$48K
Other expenses (24a–d)Ln 24$58K$58K
All other expensesLn 24e$16K$11K$5K
Total functional expensesLn 25$336K$269K$67K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $278K$336K−$59K−$1.2M 990 PDF
FY2023 $237K$269K−$32K−$1.2M 990 PDF
FY2022 $237K$285K−$48K−$1.1M 990 PDF
FY2021 $242K$277K−$35K−$1.1M 990 PDF
FY2020 $231K$270K−$39K−$1.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $277,767 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $274,945$274,945
VIII-3 Investment incomeExcluded from tax $1,958$1,958
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $864$864
VIII-12 Total revenueRelated to mission $275,809 · Excluded from tax $1,958$277,767
Part IX · Statement of functional expenses $336,488 across 12 lines filed
IX-7 Other salaries and wagesPrograms $25,326 · Management $22,672$47,998
IX-9 Other employee benefitsPrograms $15,144$15,144
IX-10 Payroll taxesPrograms $4,455$4,455
IX-11a Management feesManagement $17,757$17,757
IX-11b Legal feesManagement $206$206
IX-11c Accounting feesManagement $5,830$5,830
IX-13 Office expensesManagement $15,609$15,609
IX-16 OccupancyPrograms $23,543$23,543
IX-22 Depreciation, depletion and amortizationPrograms $83,480$83,480
IX-23 InsurancePrograms $48,318$48,318
IX-24 Other expenses (24a–d)Programs $58,041$58,041
IX-24e All other expensesPrograms $11,177 · Management $4,930$16,107
IX-25 Total functional expensesPrograms $269,484 · Management $67,004 · Fundraising $0$336,488
Part X · Balance sheet $1,715,445 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $13,612$54,207
X-4 Accounts receivableStart of year $32,654$23,269
X-9 Prepaid expenses and deferred chargesStart of year $3,923$1,718
X-10c Land, buildings and equipment, netStart of year $1,465,580$1,399,650
X-15 Other assetsStart of year $250,708$236,601
X-16 Total assetsStart of year $1,766,477$1,715,445
X-17 Accounts payable and accrued expensesStart of year $45,448$53,094
X-25 Other liabilitiesStart of year $10,331$10,374
X-26 Total liabilitiesStart of year $2,919,521$2,927,210
X-27 Net assets without donor restrictionsStart of year −$1,153,044−$1,211,765
X-32 Total net assets or fund balancesStart of year −$1,153,044−$1,211,765
X-33 Total liabilities and net assetsStart of year $1,766,477$1,715,445
Part XI · Reconciliation of net assets −$1,211,765 net assets at year end
XI-1 Total revenue$277,767
XI-2 Total expenses$336,488
XI-3 Revenue less expenses−$58,721
XI-4 Net assets at start of year−$1,153,044
XI-10 Net assets at end of year−$1,211,765

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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