Independence House
- Assets
- $732.6k
- Revenue
- $873.7k
- Investments
- $0.0
- Employees
- 11
- Location
- Los Angeles, CA
- Founding
- 08/1986
- Data as of
- 12/2022
- EIN
- 95-4016617
Organization Overview
Independence House, operating under the name Independence Center, is located in Los Angeles, CA. The organization was established in 1986. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 12/2022, Independence Center employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independence Center 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, Independence Center generated $873.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $636.1k during the year ending 12/2022. 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 PROVIDE AN ENVIRONMENT FOR LEARNING DISABLED YOUNG ADULTS TO ACQUIRE THE SKILLS NECESSARY TO FUNCTION INDEPENDENTLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO HELP YOUNG ADULTS WITH LEARNING DISABILITIES. THE PROGRAM SERVES MEN AND WOMEN BETWEEN THE AGES OF 18 AND 32. EACH RESIDENT IS TAUGHT BASIC SKILLS OF APARTMENT LIVING, SOCIAL SKILLS AND FINDING FULL TIME EMPLOYMENT. THE PROGRAM TAKES 2 TO 4 YEARS AND THE GOAL FOR EACH RESIDENT IS: WORK FULL TIME FOR 1 YEAR; BECOME COMPETENT IN APARTMENT LIVING SKILLS AND THEN MOVE INTO THE COMMUNITY TO BECOME AN INDEPENDENT PRODUCTIVE MEMBER OF SOCIETY. SINCE ITS INCEPTION IN 1986, THE PROGRAM SERVES 15 TO 25 RESIDENTS AT ANY GIVEN TIME. 80% TO 90% OF THE RESDIENTS ARE GAINFULLY EMPLOYED. THE PROGRAM MEETS ONGOING TRAINING NEEDS OF THESE SPECIAL CLIENTS IN ALL OF THE ABOVE AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra D Gordon Co-Chair | Trustee | 1 | $0 |
Jill Greenspan ESQ Director | Trustee | 1 | $0 |
Anahita Maficy Lovelace PHD Director | Trustee | 1 | $0 |
Michael J Klag MD Co-Chair | Trustee | 1 | $0 |
Ray Craemer Director | Trustee | 1 | $0 |
Melissa Tucker Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $161,651 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $161,651 |
| Total Program Service Revenue | $712,086 |
| Investment income | $9 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $873,746 |
| 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. | $120,000 |
| Compensation of current officers, directors, key employees. | $60,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,896 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,950 |
| Payroll taxes | $18,448 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $695 |
| Office expenses | $7,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $243,329 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,686 |
| Insurance | $5,943 |
| All other expenses | $36,213 |
| Total functional expenses | $636,130 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,391 |
| Savings and temporary cash investments | $486,664 |
| Pledges and grants receivable | $0 |
| 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 | $14,320 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,195 |
| Total assets | $732,570 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $4,800 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $2,089 |
| Other liabilities | $0 |
| Total liabilities | $6,889 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $725,681 |
| Total liabilities and net assets/fund balances | $732,570 |