Mount Zion Housing Development

Mount Zion Housing Development (MZHD) is a nonprofit organization based in Seattle, Washington, with a focus on providing affordable housing options. Founded in 1988, MZHD primarily targets seniors in Seattle's Central District.

Mission

The mission of Mount Zion Housing Development is to address the demand for affordable senior housing within traditional communities. Additionally, the organization aims to restore and promote Afro-centric culture through its initiatives.

Operations

As part of its efforts to increase affordable housing options, MZHD works closely with city, county, and state leaders to develop new housing projects. One such project is located in the 1700 block of 19th Avenue, which will provide studio and one-bedroom units for seniors and veterans. This development is designed to cater to individuals with incomes at the 30%, 50%, and 60% adjusted median income range.

Financial Overview

In recent years, Mount Zion Housing Development has reported significant financial activity. For instance, in 2023, the organization recorded a revenue of $1.1 million, with expenses of approximately $86,300. Its total assets were valued at $28 million, while total liabilities were reported at $22.5 million[5].

Impact

Through its housing developments, MZHD contributes to enhancing the quality of life for low-income seniors and veterans by providing them with affordable and dignified living spaces. This aligns with broader community development goals aimed at supporting vulnerable populations.