Toward Independence Inc
- Assets
- $17.7m
- Revenue
- $18.4m
- Investments
- $0.0
- Employees
- 424
- Location
- Xenia, OH
- Founding
- 06/1976
- Data as of
- 12/2022
- EIN
- 31-0856399
Organization Overview
Toward Independence Inc is located in Xenia, OH. The organization was established in 1976. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. As of 12/2022, Toward Independence Inc employed 424 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toward Independence 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, Toward Independence Inc generated $18.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $16.7m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER PEOPLE WITH DEVELOPMENTAL DISABILITIES TO EXPERIENCE THE FULLEST LIFE POSSIBLE BY PROVIDING PERSON-CENTERED SUPPORTS WHICH ENABLE THEM TO INTEGRATE INTO A VARIETY OF SETTINGS WITHIN THEIR COMMUNITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE CURRENTLY SERVE OVER 184 INDIVIDUALS IN DARKE, GREENE, HAMILTON, BUTLER, MIAMI AND MONTGOMERY COUNTIES PROVIDING A FULL RANGE OF SERVICES AND SUPPORT PROGRAMS FOR INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Shashi Sharma Member | Trustee | 2 | $0 |
Dr Mary Rose Zink Member | Trustee | 2 | $0 |
Jan Young Vice-Chair | OfficerTrustee | 2 | $0 |
Kathy Rentz Member | Trustee | 2 | $0 |
Anne Gerard Member | Trustee | 2 | $0 |
Dr Julie Gentile Board Member Emeritus | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Trisco Construction Svc Llc General Contractor | 12/30/22 | $254,618 |
Net X Computers It Consulting | 12/30/22 | $116,297 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $11,983 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $22,728 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $34,711 |
| Total Program Service Revenue | $16,539,775 |
| Investment income | $160,657 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$145,871 |
| Net Income from Fundraising Events | -$2,731 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,415,395 |
| 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. | $243,422 |
| Compensation of current officers, directors, key employees. | $243,422 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,857,300 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $965,208 |
| Payroll taxes | $1,141,329 |
| Fees for services: Management | $0 |
| Fees for services: Legal | -$7,632 |
| Fees for services: Accounting | $506,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $54,517 |
| Fees for services: Other | $466,415 |
| Advertising and promotion | $44,437 |
| Office expenses | $51,316 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $440,341 |
| Travel | $182,007 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $23,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $383,167 |
| Insurance | $116,182 |
| All other expenses | $475,604 |
| Total functional expenses | $16,721,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,864,688 |
| Savings and temporary cash investments | $105,529 |
| Pledges and grants receivable | $3,088,938 |
| Accounts receivable, net | $0 |
| 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 | $203,537 |
| Net Land, buildings, and equipment | $4,497,789 |
| Investments—publicly traded securities | $6,932,458 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $556 |
| Other assets | $1,019,670 |
| Total assets | $17,713,165 |
| Accounts payable and accrued expenses | $1,616,847 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $193,663 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $723,580 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,534,090 |
| Net assets without donor restrictions | $15,091,524 |
| Net assets with donor restrictions | $87,551 |
| 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 | $17,713,165 |