Independence Commons Homeowners Assoc
- Assets
- $54.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Farmington, MI
- Founding
- 12/2005
- Data as of
- 12/2021
- 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 12/2021, Independence Commons Homeowners Assoc generated $96.3k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $70.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 6 years. 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
2021
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 | $96,280 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,280 |
| 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 | $5,325 |
| Occupancy, rent, utilities, and maintenance | $57,750 |
| Printing, publications, postage, and shipping | $1,332 |
| Other expenses | $6,082 |
| Total expenses | $70,489 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $54,163 |
| Other assets | $0 |
| Total assets | $54,163 |
| Total liabilities | $0 |
| Net assets or fund balances | $54,163 |
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