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Mount Zion Development Company

Tax-deductible

Greensboro, NC501(c)(3)Since 2024Community DevelopmentEIN 99-2780472Revenue $70K in FY2025

On file with the IRS1301 Alamance Church Rdad, 27406-0000 · Greensboro, NCTax-exempt since Jan 2025Publicly supported charity — 170(b)(1)(A)(vi)

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MZDC is organized exclusivley for the purpose of developing land for charitable, religous, educational and scientific purpose, including, for such purposes, permissible economical development permitted under Section 501(c)3 of the Internal Revenue Code/

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2025 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $294K a year · 420% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$656K
×11 of total assets
Concern: liabilities are 1100% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$70K
0% vs prior year
Spent
$579K
Net assets
−$588K
By yearFY2024–FY2025
Revenue
$70K
FY20250%
Tap a bar for its year
Revenue by fiscal year
FY2024$70K
FY2025$70K
Expenses
$579K
FY2025▲ +287%
Tap a bar for its year
Expenses by fiscal year
FY2024$149K
FY2025$579K
Net assets
−$588K
FY2025▼ -640%
Tap a bar for its year
Net assets by fiscal year
FY2024−$79K
FY2025−$588K

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 2025.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $579K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation
Lionel Catchings
Bod Vice Chair
$0Pt VII · Sec A
See Mount Zion Development Company 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

Develops land for charitable, religious, educational, and scientific purposes.

Questions for Mount Zion Development Company

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Provided by the organization

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1 program · in their own filed words · FY2025
01

The exempt status is to oversee the development of properties for relgious, chartiable and educational purpose for community center, single home housing, senior care facilities, health care facilities that will operate in accordance with the guuidance set forth in Revenue Rulings 74-587, 1974-2 C.B. 162 and 76-419, 1976.2 C.B. 146.

Pt IX · col B

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$70K
Ln 12
Gifts and grantsLn 1h$70K
Money outPt IX
$579K
Ln 25
Managementcol C$579K
Owns and owesPt X
−$588K
net assets · Ln 32
Cash and savingsLn 1–2$645
Total assetsLn 16$68K
LiabilitiesLn 26$656K
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$70K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$645
Cash and savings togetherLn 1–2$645
Land, buildings, equipmentLn 10c$67K
Total assetsLn 16$68K
LiabilitiesLn 26$656K
Net assetsLn 32−$588K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$645
Land, buildings, equipmentLn 10c$87K$67K
Total assetsLn 16$87K$68K
LiabilitiesLn 26$167K$656K
Net assetsLn 32−$79K−$588K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$294K$294K
Accounting feesLn 11c$19K$19K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$429$429
Information technologyLn 14$5K$5K
TravelLn 17$6K$6K
Depreciation, depletion and amortizationLn 22$21K$21K
Other expenses (24a–d)Ln 24$230K$230K
Total functional expensesLn 25$579K$0$579K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $70K$579K−$509K−$588K 990 PDF
FY2024 $70K$149K−$79K−$79K 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 FY2025 990 (6 parts)
Part I · Summary $70,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $70,000$70,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $70,000$70,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $149,491$578,672
I-18 Total expensesPrior year $149,491$578,672
I-19 Revenue less expensesPrior year −$79,491−$508,672
Part VI · Governance 0 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $70,000 across 4 lines filed
VIII-1f All other contributions, gifts and grants$70,000
VIII-1h Total contributions, gifts and grants$70,000
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$70,000
Part IX · Statement of functional expenses $578,672 across 8 lines filed
IX-11b Legal feesManagement $294,153$294,153
IX-11c Accounting feesManagement $18,650$18,650
IX-12 Advertising and promotionManagement $4,508$4,508
IX-13 Office expensesManagement $429$429
IX-14 Information technologyManagement $4,576$4,576
IX-17 TravelManagement $5,644$5,644
IX-22 Depreciation, depletion and amortizationManagement $20,574$20,574
IX-24 Other expenses (24a–d)Management $230,138$230,138
IX-25 Total functional expensesPrograms $0 · Management $578,672 · Fundraising $0$578,672
Part X · Balance sheet $67,510 assets, 7 lines filed
X-1 Cash, non-interest-bearing$645
X-10c Land, buildings and equipment, netStart of year $87,439$66,865
X-16 Total assetsStart of year $87,439$67,510
X-25 Other liabilitiesStart of year $166,930$655,673
X-26 Total liabilitiesStart of year $166,930$655,673
X-32 Total net assets or fund balancesStart of year −$79,491−$588,163
X-33 Total liabilities and net assetsStart of year $87,439$67,510
Part XI · Reconciliation of net assets −$588,163 net assets at year end
XI-1 Total revenue$70,000
XI-2 Total expenses$578,672
XI-3 Revenue less expenses−$508,672
XI-4 Net assets at start of year−$79,491
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$588,163

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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