Independent Living Community Services Inc
- Assets
- $18.4k
- Revenue
- $86.3k
- Investments
- $0.0
- Employees
- 3
- Location
- Miami, FL
- Founding
- 12/2004
- Data as of
- 12/2022
- EIN
- 13-4252952
Organization Overview
Independent Living Community Services Inc is located in Miami, FL. 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. As of 12/2022, Independent Living Community Services Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Living Community Services 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 12/2022, Independent Living Community Services Inc generated $86.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (16.2%) each year. All expenses for the organization totaled $69.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (18.9%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FUNDS TO INDEPENDENT LIVING SYSTEMS, A RELATED ORGANIZATION, TO PROVIDE MEALS AND HEALTH CARE SERVICES TO OLDER ADULTS AT THE WARD TOWER SENIOR CENTER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nestor Plana Chairman | 1 | $0 | |
Hugh Chang Alloy Treasurer | 1 | $0 | |
Josefina Carbonell President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $86,319 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $86,319 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $11,601 |
| Pension plans, employee benefits | $20 |
| Interest | $0 |
| Taxes | $1,090 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43,110 |
| Total operating and administrative expenses | $69,656 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $69,656 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,391 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,051 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,442 |
| Accounts payable and accrued expenses | $4,974 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $669 |
| Total liabilities | $5,643 |