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Independence Hill INC FY2020 filing

Tax-deductible

Denver, CO501(c)(3)HousingEIN 72-1545927Revenue $163K in FY2020

On file with the IRSmercyhousing.org1600 Broadway Ste 2000, 80202-4929 · Denver, 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

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

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.7 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$327K
40% of total assets
Looks good: liabilities are 40% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$163K
Spent
$189K
To programs
95%
Net assets
$485K
By yearFY2020–FY2024
Revenue
$163K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$163K
FY2021$164K
FY2022$175K
FY2023$195K
FY2024$200K
Expenses
$189K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$189K
FY2021$222K
FY2022$220K
FY2023$239K
FY2024$213K
Net assets
$485K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$485K
FY2021$427K
FY2022$382K
FY2023$338K
FY2024$325K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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% · $179K Management & general 5% · $10K

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

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Joseph Rosenblum
Secretary/Director
$0Pt VII · Sec A
Kathy Thill
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Spears
Treasurer
$0Pt VII · Sec A
See Independence Hill 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

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

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Provided by the organization

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1 program · $179K · in their own filed words · FY2020
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

$179Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$163K
Ln 12
Gifts and grantsLn 1h$109K
Fees for servicesLn 2g$54K
Investment incomeLn 3$7
Money outPt IX
$189K
Ln 25
Programscol B$179K
Managementcol C$10K
Owns and owesPt X
$485K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$812K
LiabilitiesLn 26$327K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$109K
Government grantsLn 1e$109K
Fees for servicesLn 2g$54K
Investment incomeLn 3$7
Total revenueLn 12$163K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
Land, buildings, equipmentLn 10c$693K
Other assetsLn 15$82K
Total assetsLn 16$812K
LiabilitiesLn 26$327K
Net assetsLn 32$485K
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 FY20End FY20
Cash and savingsLn 1–2$31K$27K
Land, buildings, equipmentLn 10c$738K$693K
Total assetsLn 16$840K$812K
LiabilitiesLn 26$329K$327K
Net assetsLn 32$511K$485K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$17K$17K
Pension plan contributionsLn 8$388$388
Other employee benefitsLn 9$948$948
Payroll taxesLn 10$1K$1K
Management feesLn 11a$13K$13K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$21K$21K
Advertising and promotionLn 12$823$823
Office expensesLn 13$7K$7K
Information technologyLn 14$571$571
OccupancyLn 16$29K$29K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$662$662
Depreciation, depletion and amortizationLn 22$57K$57K
Other expenses (24a–d)Ln 24$27K$27K
Total functional expensesLn 25$189K$179K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $200K$213K−$13K$325K 990 PDF
FY2023 $195K$239K−$44K$338K 990 PDF
FY2022 $175K$220K−$45K$382K 990 PDF
FY2021 $164K$222K−$58K$427K 990 PDF
FY2020 Viewing $163K$189K−$26K$485K 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 $162,680 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$108,920
I-9 Program service revenuePrior year $141,452$53,753
I-10 Investment incomePrior year $15$7
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $141,467$162,680
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 $10,867$20,115
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $167,299$168,405
I-18 Total expensesPrior year $178,166$188,520
I-19 Revenue less expensesPrior year −$36,699−$25,840
Part VI · Governance 2 of 3 board members independent, 1 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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 $162,680 across 5 lines filed
VIII-1e Government grants$108,920
VIII-1h Total contributions, gifts and grants$108,920
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $53,753$53,753
VIII-3 Investment incomeExcluded from tax $7$7
VIII-12 Total revenueRelated to mission $53,753 · Unrelated business $0 · Excluded from tax $7$162,680
Part IX · Statement of functional expenses $188,520 across 15 lines filed
IX-7 Other salaries and wagesPrograms $17,464$17,464
IX-8 Pension plan contributionsPrograms $388$388
IX-9 Other employee benefitsPrograms $948$948
IX-10 Payroll taxesPrograms $1,315$1,315
IX-11a Management feesPrograms $13,191$13,191
IX-11c Accounting feesManagement $9,994$9,994
IX-11g Other fees for servicesPrograms $20,564$20,564
IX-12 Advertising and promotionPrograms $823$823
IX-13 Office expensesPrograms $6,881$6,881
IX-14 Information technologyPrograms $571$571
IX-16 OccupancyPrograms $28,596$28,596
IX-17 TravelPrograms $3,051$3,051
IX-19 Conferences, conventions and meetingsPrograms $662$662
IX-22 Depreciation, depletion and amortizationPrograms $57,036$57,036
IX-24 Other expenses (24a–d)Programs $27,036$27,036
IX-25 Total functional expensesPrograms $178,526 · Management $9,994 · Fundraising $0$188,520
Part X · Balance sheet $811,972 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $30,891$27,424
X-4 Accounts receivableStart of year $6,655$6,281
X-9 Prepaid expenses and deferred chargesStart of year $2,199$2,714
X-10c Land, buildings and equipment, netStart of year $738,129$693,344
X-15 Other assetsStart of year $62,475$82,209
X-16 Total assetsStart of year $840,349$811,972
X-17 Accounts payable and accrued expensesStart of year $21,847$32,620
X-19 Deferred revenueStart of year $14,128$489
X-25 Other liabilitiesStart of year $3,280$3,609
X-26 Total liabilitiesStart of year $329,255$326,718
X-27 Net assets without donor restrictionsStart of year $511,094$485,254
X-32 Total net assets or fund balancesStart of year $511,094$485,254
X-33 Total liabilities and net assetsStart of year $840,349$811,972
Part XI · Reconciliation of net assets $485,254 net assets at year end
XI-1 Total revenue$162,680
XI-2 Total expenses$188,520
XI-3 Revenue less expenses−$25,840
XI-4 Net assets at start of year$511,094
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$485,254

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

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