Independence Square Apartments Inc
- Assets
- $187.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Gratiot, MI
- Founding
- 05/1985
- Data as of
- 12/2021
- EIN
- 38-2581584
Organization Overview
Independence Square Apartments Inc is located in Fort Gratiot, MI. The organization was established in 1985. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Square Apartments 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 12/2021, Independence Square Apartments Inc generated $97.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $79.9k during the year ending 12/2021. 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
TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Harry Oldenburg Trustee | 0 | $0 | |
Judy Worthington Treasurer | 0 | $0 | |
Helen Ruffing President | 0 | $0 | |
Rich Ward Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $79,968 |
| Total Program Service Revenue | $17,568 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $97,549 |
| 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 | $24,488 |
| Occupancy, rent, utilities, and maintenance | $52,993 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $2,395 |
| Total expenses | $79,876 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $22,213 |
| Other assets | $0 |
| Total assets | $187,607 |
| Total liabilities | $390,188 |
| Net assets or fund balances | -$202,581 |
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