Independence House
- Assets
- $527.1k
- Revenue
- $56.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 06/2003
- Data as of
- 12/2021
- EIN
- 54-2090908
Organization Overview
Independence House is located in Richmond, VA. The organization was established in 2003. According to its NTEE Classification (P73) the organization is classified as: Group Homes, 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 House 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 House generated $56.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $80.8k during the year ending 12/2021. While expenses have increased by 3.6% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
LOWER INCOME HOUSING FOR SPECIAL POPULATIONS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED A GROUP HOME FOR SPECIAL POPULATION, LOWER INCOME INDIVIDUALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon K Nusbaum President | OfficerTrustee | 0.25 | $0 |
Jason Snook Vice President | OfficerTrustee | 0.25 | $0 |
Jack Horn Secretary | OfficerTrustee | 0.25 | $0 |
Name Not Listed Outsourced Finance And Accouting Services | Officer | 0.5 | $0 |
Allison Bogdanovic Executive Director | Officer | 0.5 | $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 | $56,543 |
| Investment income | $3 |
| 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 | $56,546 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $21,229 |
| Insurance | $6,174 |
| All other expenses | $6,715 |
| Total functional expenses | $80,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,499 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,706 |
| 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 | $494,811 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $28,058 |
| Total assets | $527,074 |
| Accounts payable and accrued expenses | $4,770 |
| Grants payable | $0 |
| Deferred revenue | $837 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,478 |
| Total liabilities | $49,085 |
| Net assets without donor restrictions | $477,989 |
| 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 | $527,074 |
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| Organization Name | Assets | Revenue |
|---|---|---|
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Behavioral Research Association Inc Fort Washington, MD | $4,204,669 | $8,727,728 |
Apple Patch Community Inc Crestwood, KY | $8,013,429 | $8,594,154 |
Sos Childrens Village Usa Inc Washington, DC | $5,474,761 | $7,913,043 |
Horizons Residential Care Center Inc Rural Hall, NC | $8,329,986 | $8,523,055 |
Symbral Foundation For Community Services Inc Silver Spring, MD | $4,561,912 | $8,993,140 |
Richmond Residential Services Inc Richmond, VA | $7,666,700 | $8,794,086 |
Holiday House Of Portsmouth Inc Portsmouth, VA | $1,837,823 | $7,517,683 |
Genesis Youth Crisis Center Inc Clarksburg, WV | $8,285,007 | $7,174,367 |
Washington County Human Development Council Inc Hagerstown, MD | $8,520,592 | $9,220,012 |
Star Community Inc Hagerstown, MD | $12,254,310 | $7,814,353 |