Independent Living Alternatives Inc
- Assets
- $392.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, IN
- Founding
- 10/1985
- Data as of
- 06/2022
- EIN
- 31-1141620
Organization Overview
Independent Living Alternatives Inc is located in Columbus, IN. The organization was established in 1985. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Living Alternatives 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 06/2022, Independent Living Alternatives Inc generated $157.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $157.5k during the year ending 06/2022. While expenses have increased by 1.1% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
INDEPENDENT LIVING ALTERNATIVES, INC WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 21 UNIT APARTMENT COMMUNITY IN RICHMOND, INDIANA, KNOWN AS CUMBERLAND APARTMENTS, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE CORPORATION HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS GOVERNING THE OPERATION OF THE PROJECT WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Estell Director | 0.5 | $0 | |
Geoff Mckim Director | 0.5 | $0 | |
Shannon Lacoursiere President | 0.5 | $0 | |
Stephanie Lafontaine Director | 0.5 | $0 | |
Dan Mcneely Vice President | 0.5 | $0 | |
Suzanne Koesel Secretary/treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,258 |
| Total Program Service Revenue | $68,286 |
| Membership dues | $0 |
| Investment income | $71 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $962 |
| Total Revenue | $157,577 |
| 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 | $15,510 |
| Occupancy, rent, utilities, and maintenance | $63,317 |
| Printing, publications, postage, and shipping | $14,959 |
| Other expenses | $63,731 |
| Total expenses | $157,517 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $237,192 |
| Other assets | $0 |
| Total assets | $392,652 |
| Total liabilities | $428,037 |
| Net assets or fund balances | -$35,385 |
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