2024-04-16T15:44:44-04:00 2023-12-31 721314069 MADDOX & ASSOCIATES APC 5627 BANKERS AVE BLDG 2 BATON ROUGE LA 708082610 990 2023-01-01 742291678 MOUNT ZION SHELTERING ARMS FOR THE ELDERLY INC MOUN 2105310577 3238 MARTIN LUTHER KING DRIVE SAN ANTONIO TX 78220 BRAD PRAK MANAGEMENT AGENT 2105310577 2024-04-11 true BRAD PRAK 999009999 false JEFFREY M MADDOX P00437317 2259263360 2024-04-16 2023 2023-04-26 12:10:37Z DARYL FLAGGS 3238 MARTIN LUTHER KING DRIVE SAN ANTONIO TX 78220 539381 false X N/A X 1983 TX THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF TEXAS, FOR THE PURPOSE OF DEVELOPING AND OPERATING AN APARTMENT COMPLEX OF 40 UNITS IN SAN ANTONIO, TEXAS. THE PROJECT IS SPONSORED BY MOUNT ZION FIRST BAPTIST CHURCH AND PROVIDES SUBSIDIZED HOUSING TO THE ELDERLY. THE CORPORATION WILL OPERATE UNDER THE PROVISIONS OF SECTION 8 AND 207/223(F) OF THE NATIONAL AFFORDABLE HOUSING ACT AND BE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE REGULATORY AGREEMENT DOES NOT PERMIT ANY DISTRIBUTIONS TO THE CORPORATION SINCE IT IS A NON-PROFIT ENTITY. THE PROJECT OPERATES UNDER THE PROVISIONS OF SECTION 8, WITH MORTGAGE INSURANCE PROVIDED BY THE FEDERAL HOUSING ADMINISTRATION OF THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD). 3 3 0 0 0 371141 538388 280 993 0 371421 539381 0 0 105547 126345 0 0 216814 317465 322361 443810 49060 95571 390790 470637 856622 840898 -465832 -370261 X THE CORPORATION IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954. ITS MAIN OBJECTIVE IS TO PROVIDE HOUSING FACILITIES AND SERVICES TO PROMOTE INDEPENDENT LIVING AND TO MEET THE PHYSICAL, SOCIAL AND EMOTIONAL NEEDS OF THE ELDERLY AND HANDICAPPED. false false 404840 538388 THE CORPORATION IS A NONPROFIT CORPORATION ORGANIZED UNDER THE LAWS OF THE STATE OF TEXAS, FOR THE PURPOSE OF DEVELOPING AND OPERATING AN APARTMENT COMPLEX OF 40 UNITS IN SAN ANTONIO, TEXAS FOR THE ELDERLY AND HANDICAPPED WITHIN THE PROVISIONS OF SECTION 8 AND 207/223(F) OF THE NATIONAL AFFORDABLE HOUSING ACT AND BE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. 404840 true false false false false false false false false false true false false true true false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 true 0 false false false false false false false false false false false false false false false X 3 3 false true false false false true false true true false false true false false false false false false X PRAK PROPERTY MANAGEMENT INC 8303722600 101 E NOLTE ST STE 100 SEGUIN TX 78155 X DARYL FLAGGS PRESIDENT X 0 0 0 GREGORY HUDSPETH MEMBER X 0 0 0 ARCHIE STEEN MEMBER X 0 0 0 false false false RENTAL REVENUE 531110 538388 538388 538388 993 993 539381 539381 115074 115074 1123 1123 10148 10148 23581 23581 1450 1450 11180 11180 91 91 10139 10139 105519 105519 1464 1464 19538 19538 2948 2948 OTHER OPERATING 112741 112741 OTHER ADMIN 28794 27499 1295 OTHER TAXES 20 20 443810 404840 38970 0 4172 16775 218 19 1341 34556 1436439 1217540 107335 218899 277724 200388 390790 470637 6738 14938 16 228 837564 814878 12304 10854 856622 840898 X -465832 -370261 -465832 -370261 390790 470637 95571 X false true X true true true X 361614 354945 370488 371141 538388 1996576 361614 354945 370488 371141 538388 1996576 1996576 373 278 177 280 993 2101 373 278 177 280 993 2101 361987 355223 370665 371421 539381 1998677 0.99890 0.99930 0.00000 0.00000 X 49946 49946 954554 954554 38852 34661 4191 393087 228325 164762 218899 REPLACEMENT RESERVE 156500 DEBT SERVICE RESERVE 16530 ESCROW 16236 TENANT SECURITY DEPOSITS 11119 RESIDUAL RECEIPTS 3 200388 SECURITY DEPOSITS 10854 10854 539381 539381 539381 443810 443810 443810 FORM 990 - ORGANIZATION'S MISSION THE CORPORATION IS ORGANIZED TO OPERATE EXCLUSIVELY FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC AND LITERARY PURPOSES, WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1954. ITS MAIN OBJECTIVE IS TO PROVIDE HOUSING FACILITIES AND SERVICES TO PROMOTE INDEPENDENT LIVING AND TO MEET THE PHYSICAL, SOCIAL AND EMOTIONAL NEEDS OF THE ELDERLY AND HANDICAPPED. FORM 990, PAGE 6, PART VI, LINE 3 IN 1984, SUZANNE SMITH MANAGEMENT COMPANY SIGNED A MANAGEMENT AGREEMENT TO PROVIDE MANAGEMENT SERVICES FOR THE APARTMENTS. THE FEE FOR THESE SERVICES IS SIX AND THREE-QUARTERS PERCENT (6.75%) OF GROSS COLLECTIONS RECEIVED EACH MONTH. ALL EMPLOYEES OF THE PROJECT ARE ACTUALLY EMPLOYEES OF THE MANAGEMENT COMPANY. FORM 990, PAGE 6, PART VI, LINE 7A EXISTING BOARD MEMBERS CAN NOMINATE AND ELECT NEW BOARD MEMBERS. FORM 990, PAGE 6, PART VI, LINE 11B THE BOARD REVIEWS THE FORM 990 WITH THE PROPERTY MANAGER, AND IF THERE ARE ANY QUESTIONS, THEY WILL CONSULT THE ACCOUNTANT TO RESOLVE AS APPLICABLE. FORM 990, PAGE 6, PART VI, LINE 19 UPON REQUEST, A COPY OF THE ORGANIZING DOCUMENTS AND FORM 990 WILL BE MADE AVAILABLE.