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Independence Hill INC

Tax-deductible

Denver, CO501(c)(3)Housing EIN 72-1545927Revenue $200K in FY2024Latest return filed Oct 28, 2025

On file with the IRSmercyhousing.orgDenver, COTax-exempt since Mar 2012Publicly supported — 509(a)(2)

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To provide housing facilities and services to low-income elderly and handicapped persons

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-1545927) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $37K a year · 21% of revenue · last 5 filings
A surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
0.4 mo
of spending, in cash
0.4 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$318K
49% of total assets
Liabilities are 49% of assets.
Pt X · Ln 26
Independent board members
0
of 3 voting members
None of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$200K
+2% vs prior year
Spent
$213K
To programs
95%
Net assets
$325K
By yearFY2020–FY2024
Revenue
$200K
FY2024▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$163K
FY2021$164K
FY2022$175K
FY2023$195K
FY2024$200K
Expenses
$213K
FY2024▼ -11%
Tap a bar for its year
Expenses by fiscal year
FY2020$189K
FY2021$222K
FY2022$220K
FY2023$239K
FY2024$213K
Net assets
$325K
FY2024▼ -4%
Tap a bar for its year
Net assets by fiscal year
FY2020$485K
FY2021$427K
FY2022$382K
FY2023$338K
FY2024$325K

From the FY2024 Form 990 · see the original

Give Follow Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2012.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $203K Management & general 5% · $10K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Colin Morgan-Cross
Vice President/Director
$0Pt VII · Sec A
Joseph Thompson
President/Director
$0Pt VII · Sec A
Mena Peebles
Vice President/Director
$0Pt VII · Sec A
Chad Payne
Treasurer
$0Pt VII · Sec A
Joe Rosenblum
Secretary
$0Pt VII · Sec A
Kassidi Boening
Vice President
$0Pt VII · Sec A
Melissa Clayton
Vice President
$0Pt VII · Sec A
See Independence Hill INC executive salaries →

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

Offers housing and services to low-income elderly and disabled individuals.

Questions for Independence Hill INC

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1 program · $203K · in their own filed words · FY2024
01

Own and operate a 14-unit low-income housing project known as Independence Hill apartments located in moscow, idaho, providing housing to elderly and/or handicapped persons

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 72-1545927) · Dispute this line
$203Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$200K
Ln 12
Gifts and grantsLn 1h$135K
Fees for servicesLn 2g$64K
Other incomeLn 4–11$505
Money outPt IX
$213K
Ln 25
Programscol B$203K
Managementcol C$10K
Owns and owesPt X
$325K
net assets · Ln 32
Cash and savingsLn 1–2$7K
Total assetsLn 16$643K
LiabilitiesLn 26$318K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$135K
Government grantsLn 1e$135K
Fees for servicesLn 2g$64K
Investment incomeLn 3$143
Other incomeLn 4–11$505
Total revenueLn 12$200K
Assets in detailPt X, end of year
CashLn 1$7K
Cash and savings togetherLn 1–2$7K
Accounts receivableLn 4$8K
Prepaid expenses and deferred chargesLn 9$5K
Land, buildings, equipmentLn 10c$488K
Other assetsLn 15$135K
Total assetsLn 16$643K
LiabilitiesLn 26$318K
Net assetsLn 32$325K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
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
LineStart FY24End FY24
Cash and savingsLn 1–2$15K$7K
Land, buildings, equipmentLn 10c$552K$488K
Total assetsLn 16$692K$643K
LiabilitiesLn 26$354K$318K
Net assetsLn 32$338K$325K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$10K$10K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$41K$41K
Advertising and promotionLn 12$10$10
Office expensesLn 13$8K$8K
OccupancyLn 16$79K$79K
Conferences, conventions and meetingsLn 19$286$286
Depreciation, depletion and amortizationLn 22$64K$64K
Other expenses (24a–d)Ln 24$163$163
Total functional expensesLn 25$213K$203K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Oct 28, 2025 $200K$213K−$13K$325K 990 PDF
FY2023Filed with the IRS Nov 7, 2024 $195K$239K−$44K$338K 990 PDF
FY2022Filed with the IRS Aug 26, 2023 $175K$220K−$45K$382K 990 PDF
FY2021Filed with the IRS Oct 26, 2022 $164K$222K−$58K$427K 990 PDF
FY2020Filed with the IRS Sep 4, 2021 $163K$189K−$26K$485K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $199,526 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $133,346$134,606
I-9 Program service revenuePrior year $61,020$64,272
I-10 Investment incomePrior year $60$143
I-11 Other revenuePrior year $320$505
I-12 Total revenuePrior year $194,746$199,526
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 $239,206$212,551
I-18 Total expensesPrior year $239,206$212,551
I-19 Revenue less expensesPrior year −$44,460−$13,025
Part VI · Governance 0 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members0
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 $199,526 across 5 lines filed
Lines not itemized here account for $505 of total revenue; see the IRS return.
VIII-1e Government grants$134,606
VIII-1h Total contributions, gifts and grants$134,606
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $64,272$64,272
VIII-3 Investment incomeExcluded from tax $143$143
VIII-12 Total revenueRelated to mission $64,777 · Unrelated business $0 · Excluded from tax $143$199,526
Part IX · Statement of functional expenses $212,551 across 9 lines filed
IX-11a Management feesPrograms $9,555$9,555
IX-11c Accounting feesManagement $9,983$9,983
IX-11g Other fees for servicesPrograms $40,894$40,894
IX-12 Advertising and promotionPrograms $10$10
IX-13 Office expensesPrograms $8,407$8,407
IX-16 OccupancyPrograms $79,099$79,099
IX-19 Conferences, conventions and meetingsPrograms $286$286
IX-22 Depreciation, depletion and amortizationPrograms $64,154$64,154
IX-24 Other expenses (24a–d)Programs $163$163
IX-25 Total functional expensesPrograms $202,568 · Management $9,983 · Fundraising $0$212,551
Part X · Balance sheet $642,898 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $14,904$7,177
X-4 Accounts receivableStart of year $626$7,575
X-9 Prepaid expenses and deferred chargesStart of year $5,023$4,777
X-10c Land, buildings and equipment, netStart of year $552,290$488,136
X-15 Other assetsStart of year $119,341$135,233
X-16 Total assetsStart of year $692,184$642,898
X-17 Accounts payable and accrued expensesStart of year $56,850$20,812
X-19 Deferred revenueStart of year $3,560$3,810
X-21 Escrow or custodial accountsStart of year $3,824$3,351
X-23 Secured mortgages and notes payableStart of year $290,000$290,000
X-26 Total liabilitiesStart of year $354,234$317,973
X-27 Net assets without donor restrictionsStart of year $337,950$324,925
X-32 Total net assets or fund balancesStart of year $337,950$324,925
X-33 Total liabilities and net assetsStart of year $692,184$642,898
Part XI · Reconciliation of net assets $324,925 net assets at year end
XI-1 Total revenue$199,526
XI-2 Total expenses$212,551
XI-3 Revenue less expenses−$13,025
XI-4 Net assets at start of year$337,950
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$324,925

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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