Independence IV INC: FY2020 Nonprofit Profile & Form 990 (EIN 20-2755049)

Revenue by fiscal year
FY2020	$34K
FY2021	$33K
FY2022	$26K
FY2023	$26K
FY2024	$31K
FY2025	$21K

Expenses by fiscal year
FY2020	$52K
FY2021	$51K
FY2022	$79K
FY2023	$44K
FY2024	$50K
FY2025	$39K

Net assets by fiscal year
FY2020	$762K
FY2021	$745K
FY2022	$692K
FY2023	$673K
FY2024	$654K
FY2025	$636K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $52K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Derry Holland

President

$0Pt VII · Sec A

Gerard Law

Trustee

$0Pt VII · Sec A

Qindi Shi

Secretary/Treasurer

$0Pt VII · Sec A

David Gaskin

Vice President

$0Pt VII · Sec A

Aaron Nelson

Trustee

$0Pt VII · Sec A

Chelsea Carter

Trustee

$0Pt VII · Sec A

Colleen Crandall

Trustee

$0Pt VII · Sec A

See Independence IV INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides single-family homes for adults with mental health disabilities.

Questions for Independence IV INC

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Provided by the organization

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1 program · $52K · in their own filed words · FY2019

01

To provide single family homes for the benefit of adult residents with mental health disabilities to promote their health, security, happiness and quality of life.

$52Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$34K

Ln 12

Fees for servicesLn 2g$34K

Investment incomeLn 3$152

Money outPt IX

$52K

Ln 25

Programscol B$52K

Owns and owesPt X

$762K

net assets · Ln 32

Cash and savingsLn 1–2$163K

Total assetsLn 16$767K

LiabilitiesLn 26$5K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a7

IndependentVI 1b7

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$34K

Investment incomeLn 3$152

Total revenueLn 12$34K

Assets in detailPt X, end of year

CashLn 1$163K

Cash and savings togetherLn 1–2$163K

Land, buildings, equipmentLn 10c$604K

Total assetsLn 16$767K

LiabilitiesLn 26$5K

Net assetsLn 32$762K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$160K	$163K
Land, buildings, equipmentLn 10c	$624K	$604K
Total assetsLn 16	$784K	$767K
LiabilitiesLn 26	$5K	$5K
Net assetsLn 32	$779K	$762K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Depreciation, depletion and amortizationLn 22	$20K	$20K
InsuranceLn 23	$1K	$1K
Other expenses (24a–d)Ln 24	$30K	$30K
Total functional expensesLn 25	$52K	$52K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$21K	$39K	−$18K	$636K	990 PDF
FY2024	$31K	$50K	−$19K	$654K	990 PDF
FY2023	$26K	$44K	−$19K	$673K	990 PDF
FY2022	$26K	$79K	−$53K	$692K	990 PDF
FY2021	$33K	$51K	−$17K	$745K	990 PDF
FY2020 Viewing	$34K	$52K	−$17K	$762K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $34,170 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $32,247$34,018

I-10 Investment incomePrior year $85$152

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $32,332$34,170

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $49,737$51,508

I-18 Total expensesPrior year $49,737$51,508

I-19 Revenue less expensesPrior year −$17,405−$17,338

Part VI · Governance 7 of 7 board members independent, 1 to look at

VI-1a Voting members of the governing body7

VI-1b Independent voting members7

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $34,170 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $34,018$34,018

VIII-3 Investment incomeExcluded from tax $152$152

VIII-12 Total revenueRelated to mission $34,018 · Unrelated business $0 · Excluded from tax $152$34,170

Part IX · Statement of functional expenses $51,508 across 3 lines filed

IX-22 Depreciation, depletion and amortizationPrograms $20,225$20,225

IX-23 InsurancePrograms $1,170$1,170

IX-24 Other expenses (24a–d)Programs $30,113$30,113

IX-25 Total functional expensesPrograms $51,508 · Management $0 · Fundraising $0$51,508

Part X · Balance sheet $767,016 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $159,981$162,868

X-10c Land, buildings and equipment, netStart of year $624,373$604,148

X-16 Total assetsStart of year $784,354$767,016

X-25 Other liabilitiesStart of year $5,075$5,075

X-26 Total liabilitiesStart of year $5,075$5,075

X-27 Net assets without donor restrictionsStart of year $167,506$761,941

X-28 Net assets with donor restrictionsStart of year $611,773$0

X-32 Total net assets or fund balancesStart of year $779,279$761,941

X-33 Total liabilities and net assetsStart of year $784,354$767,016

Part XI · Reconciliation of net assets $761,941 net assets at year end

XI-1 Total revenue$34,170

XI-2 Total expenses$51,508

XI-3 Revenue less expenses−$17,338

XI-4 Net assets at start of year$779,279

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$761,941

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Independence IV INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Independence IV INC

Funders

By the numbers

Filing history

Schedules filed Part IV

Independence IV INC FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Independence IV INC

Funders

Related Organizations

By the numbers

Filing history

Schedules filed Part IV