Zion Non-Profit Corporation Ta Zion Gardens

Zion Non-Profit Corporation (a commonwealth of Pennsylvania not for profit Corporation) (the "Corporation") was organized to own and operate a 94-unit apartment community in philadelphia, Pennsylvania, known as Zion Gardens (the "community"). Its sponsor is Zion baptist church.the Corporation leased its low income housing building on december 23, 2014 to Zion Gardens lp. All rental operations for Zion Non-Profit Corporation ceased as of december 23, 2014. Zion Non-Profit Corporation exists and holds title to the buildings and land for purposes of a low-income housing tax credit program for use by low-income persons.the Corporation plans to use the proceeds from the leasing of Zion Gardens to develop the area around Zion baptist church with low-income housing. Currently the Corporation is working out a relationship with regards to property owned by another church entity.