Independence Square Apartments Ii
- Assets
- $175.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Fort Gratiot, MI
- Founding
- 07/1996
- Data as of
- 12/2023
- EIN
- 38-3295366
Organization Overview
Independence Square Apartments Ii is located in Fort Gratiot, MI. The organization was established in 1996. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Square Apartments Ii 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 12/2023, Independence Square Apartments Ii generated $82.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $92.3k during the year ending 12/2023. While expenses have increased by 2.6% 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Wildfong Trustee | 0 | $0 | |
Teri Koch Trustee | 0 | $0 | |
Robert Buechler Trustee | 0 | $0 | |
Judy Worthington President | 0 | $0 | |
Harry Oldenburg Vice President | 0 | $0 | |
Helen Ruffing Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $55,641 |
| Total Program Service Revenue | $25,221 |
| Membership dues | $0 |
| Investment income | $186 |
| Gain or Loss | $345 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $1,403 |
| Total Revenue | $82,796 |
| 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 | $27,274 |
| Occupancy, rent, utilities, and maintenance | $48,312 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,715 |
| Total expenses | $92,301 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $23,527 |
| Other assets | $0 |
| Total assets | $175,947 |
| Total liabilities | $8,513 |
| Net assets or fund balances | $167,434 |