2025-09-11T19:13:37-04:00 2024-12-31 211244845 PEGGY B WARD CPA 112 HAWICK COURT Kernersville NC 27284 990 2024-01-01 992780472 MOUNT ZION DEVELOPMENT COMPANY % Lionel Catchings MOUN 3362737930 1301 ALAMANCE CHURCH RDAD Greensboro NC 27406 LIONEL CATCHINGS BOD Vice Chair 3362737930 2025-09-08 false true PEGGY B WARD P00769995 3367699272 2025-09-11 X 2024 2025-03-06 01:10:19Z X 70000 false X X 2024 NC 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/ 3 0 0 0 0 70000 0 0 0 70000 0 0 0 0 0 149491 149491 -79491 87439 166930 -79491 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/ false false 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. true false false false false false false false false false true false false 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 false false false true 0 0 0 false false false false false false false false X 3 0 false false false false false false false true true false false true true true true false false false false false NC X Lionel Catchings 3362737930 1301 Alamance Church Road Greensboro NC 27406 X Lionel Catchings BOD Vice Chair 0.00 0.00 X 0 0 0 0 0 0 0 false false false 70000 70000 0 70000 0 0 0 28195 28195 7500 7500 1500 1500 1363 1363 15431 15431 Advisory Fees 87002 87002 Project Development Service 8500 8500 149491 0 149491 0 102870 15431 87439 0 87439 166930 0 166930 X -79491 0 -79491 0 87439 -79491 0 X false false false X 70000 70000 70000 70000 70000 70000 1.00000 0.00000 X 102870 15431 87439 87439 DUE TO Mount Zion Baptist Church 166930 166930 Other Explanation Intangible Assets- Organizational Cost ($102,870) to incoporate the company with consist of legal fees, incorporation and IRS filing for exempt status. The cost will be amoritized over 5 years (60 months). Form 990 governing body review Part VI line 11 Information is reviewed yearly by a Certified Public Accountant to ensure revenues and expenses are categorized correctly. Conflict of interest policy compliance Part VI line 12c The purpose of the Conflict of interest Policy (this Policy) is to proctect Mount Zion Development Company (the Company) when it is contemplating entering into a transaction or arrangement that might benefit the private interest of an officer of the Company or a member of the Board of Director of the Company (the Board) or any other individual who may be in a position to exercise substantial influence over the affairs of the Company. This Policy is intended to (i) help ensure that when actual or potential conflicts of interest arise, the Company has a process in place under which all relevant facts concerning the situation will be disclosed to the Board, and (ii) establish procedures under which individuals who have a conflict of interest will be excused from voting on such matters. This Policy supplements, but does not replace, any applicable state laws governing conflicts of interest applicable to nonprofit corporations. Governing documents etc available to public Part VI line 19 Reports are available upon request to third parties (customers,banks, etc.), agencies, and federal and state agencies for grants and scholarships. Also, yearly financial reviews are provided to board and committee members to aid in making future budget needs.