Independent Living Horizons Nine Inc
- Assets
- $1.4m
- Revenue
- $265.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, GA
- Founding
- 10/2004
- Data as of
- 06/2023
- EIN
- 20-1442672
Organization Overview
Independent Living Horizons Nine Inc is located in Augusta, GA. The organization was established in 2004. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Living Horizons Nine Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Independent Living Horizons Nine Inc generated $265.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $359.8k during the year ending 06/2023. While expenses have increased by 0.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO PROVIDE HOUSING LEASED TO SENIOR CITIZENS IN CONJUNCTION WITH FHA RENT SUPPLEMENTAL CONTRACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING THE FISCAL YEAR JULY 1, 2022 - JUNE 30, 2023, THIRTY-NINE CLIENTS WERE ABLE TO LIVE IN AFFORDABLE HOUSING. THIS ALLOWED SENIOR CITIZENS TO MAINTAIN A HAPPY, INDEPENDENT LIFESTYLE.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brock Daniels Board Chair | OfficerTrustee | 1 | $0 |
Elizabeth Mcleod Secretary/treasurer | OfficerTrustee | 1 | $0 |
Debbie Banks Board Member | Trustee | 1 | $0 |
Thomas Blanchard III Board Member | Trustee | 1 | $0 |
Terra Carroll Board Member | Trustee | 1 | $0 |
Don Howard Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $265,543 |
| Investment income | $304 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $265,847 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $36,963 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,746 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $41,595 |
| Advertising and promotion | $0 |
| Office expenses | $22,245 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,982 |
| Travel | $4,125 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $115,485 |
| Insurance | $21,171 |
| All other expenses | $73,476 |
| Total functional expenses | $359,788 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,690 |
| Savings and temporary cash investments | $62,416 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,286,713 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,714 |
| Total assets | $1,370,533 |
| Accounts payable and accrued expenses | $62,841 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,978,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,152 |
| Total liabilities | $3,052,993 |
| Net assets without donor restrictions | -$1,682,460 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,370,533 |