Independence Health & Therapy
- Assets
- $3.4m
- Revenue
- $2.5m
- Investments
- $1.4m
- Employees
- 76
- Location
- Woodstock, IL
- Founding
- 11/1982
- Data as of
- 06/2023
- EIN
- 36-3152022
Organization Overview
Independence Health & Therapy is located in Woodstock, IL. The organization was established in 1982. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2023, Independence Health & Therapy employed 76 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Health & Therapy 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 06/2023, Independence Health & Therapy generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $3.1m during the year ending 06/2023. While expenses have increased by 3.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ADULTS, CAREGIVERS AND FAMILIES WITH PROGRAMS AND SERVICES PROMOTING AN ENHANCED QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT DAY HEALTH - PROVIDING DAY CARE TO ADULTS WITHIN THE COMMUNITY
BEHAVIORAL HEALTH SERVICES - PROVIDING ASSISTANCE TO ADULTS SUFFERING FROM A SERIOUS MENTAL ILLNESS TO DEVELOP OR REGAIN THE SKILLS TO LIVE, WORK, LEARN AND PARTICIPATE FULLY IN THEIR COMMUNITIES.
MEMORY CARE PROGRAM - PROVIDING PERSON-CENTERED CARE TO ADDRESS THE INDIVIDUAL NEEDS AND INTEREST OF ADULTS WITH A DEMENTIA DIAGNOSIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Buckley Executive Director | Officer | 40 | $111,167 |
Dave Byrnes Officer | Trustee | 1 | $0 |
Keith Hogan Treasurer | OfficerTrustee | 2 | $0 |
Cindy Bock Secretary | OfficerTrustee | 1 | $0 |
Sheldon Clark Officer | Trustee | 1 | $0 |
Kent Cooney Officer | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $129,000 |
| Membership dues | $0 |
| Fundraising events | $59,385 |
| Related organizations | $0 |
| Government grants | $440,520 |
| All other contributions, gifts, grants, and similar amounts not included above | $914,781 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,543,686 |
| Total Program Service Revenue | $953,306 |
| Investment income | $37,176 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,994 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,516,979 |
| 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. | $143,900 |
| Compensation of current officers, directors, key employees. | $57,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,687,637 |
| Pension plan accruals and contributions | $20,629 |
| Other employee benefits | $156,089 |
| Payroll taxes | $147,341 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,946 |
| Fees for services: Accounting | $21,255 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $15,111 |
| Fees for services: Other | $416,031 |
| Advertising and promotion | $9,503 |
| Office expenses | $50,737 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $35,816 |
| Travel | $9,882 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,543 |
| Interest | $21,256 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,334 |
| Insurance | $58,316 |
| All other expenses | $29,200 |
| Total functional expenses | $3,109,497 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,782 |
| Savings and temporary cash investments | $148,248 |
| Pledges and grants receivable | $177,433 |
| Accounts receivable, net | $219,639 |
| 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 | $22,265 |
| Net Land, buildings, and equipment | $1,333,807 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $1,353,733 |
| Investments—program-related | $0 |
| Intangible assets | $1,317 |
| Other assets | $169,411 |
| Total assets | $3,430,635 |
| Accounts payable and accrued expenses | $211,644 |
| Grants payable | $0 |
| Deferred revenue | $65,523 |
| 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 | $534,229 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $118,270 |
| Total liabilities | $929,666 |
| Net assets without donor restrictions | $2,331,558 |
| Net assets with donor restrictions | $169,411 |
| 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 | $3,430,635 |