Independence Commons Homeowners Assoc
- Assets
- $88.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, MI
- Founding
- 12/2005
- Data as of
- 12/2022
- EIN
- 38-2511056
Organization Overview
Independence Commons Homeowners Assoc is located in Farmington, MI. The organization was established in 2005. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Commons Homeowners Assoc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Independence Commons Homeowners Assoc generated $138.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $103.8k during the year ending 12/2022. While expenses have increased by 2.9% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MAINTENANCE OF COMMON AREAS330 RESIDENTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tr Carr President | 3 | $0 | |
Bryan Paris Vice President | 3 | $0 | |
Julie Linden Treasurer | 3 | $0 | |
Susan Jugan Secretary | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $138,017 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $138,017 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,671 |
| Occupancy, rent, utilities, and maintenance | $88,797 |
| Printing, publications, postage, and shipping | $1,065 |
| Other expenses | $8,244 |
| Total expenses | $103,777 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $88,403 |
| Other assets | $0 |
| Total assets | $88,403 |
| Total liabilities | $0 |
| Net assets or fund balances | $88,403 |