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Independence Hill INC FY2021 filing

Tax-deductible

Denver, CO501(c)(3)Housing EIN 72-1545927Revenue $164K in FY2021Latest 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

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

FY2021 · 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
$330K
44% of total assets
Looks good: liabilities are 44% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$164K
+0.8% vs prior year
Spent
$222K
To programs
95%
Net assets
$427K
By yearFY2020–FY2024
Revenue
$164K
FY2021▲ +0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$163K
FY2021$164K
FY2022$175K
FY2023$195K
FY2024$200K
Expenses
$222K
FY2021▲ +18%
Tap a bar for its year
Expenses by fiscal year
FY2020$189K
FY2021$222K
FY2022$220K
FY2023$239K
FY2024$213K
Net assets
$427K
FY2021▼ -12%
Tap a bar for its year
Net assets by fiscal year
FY2020$485K
FY2021$427K
FY2022$382K
FY2023$338K
FY2024$325K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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% · $212K 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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Joe Rosenblum
Secretary/Director
$0Pt VII · Sec A
Joesph Thompson
President/Director
$0Pt VII · Sec A
Melissa Clayton
Vice President/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Sherif Azab
Director
$0Pt VII · Sec A
Bruce Saab
Vice President
$0Pt VII · Sec A
Steve Spears
Treasurer
$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 · $212K · in their own filed words · FY2021
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

$212Kprogram expense

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$164K
Ln 12
Gifts and grantsLn 1h$98K
Fees for servicesLn 2g$66K
Investment incomeLn 3$5
Money outPt IX
$222K
Ln 25
Programscol B$212K
Managementcol C$10K
Owns and owesPt X
$427K
net assets · Ln 32
Cash and savingsLn 1–2$31K
Total assetsLn 16$757K
LiabilitiesLn 26$330K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$98K
Government grantsLn 1e$98K
Fees for servicesLn 2g$66K
Investment incomeLn 3$5
Total revenueLn 12$164K
Assets in detailPt X, end of year
CashLn 1$31K
Cash and savings togetherLn 1–2$31K
Accounts receivableLn 4$2K
Prepaid expenses and deferred chargesLn 9$4K
Land, buildings, equipmentLn 10c$634K
Other assetsLn 15$87K
Total assetsLn 16$757K
LiabilitiesLn 26$330K
Net assetsLn 32$427K
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 FY21End FY21
Cash and savingsLn 1–2$27K$31K
Land, buildings, equipmentLn 10c$693K$634K
Total assetsLn 16$812K$757K
LiabilitiesLn 26$327K$330K
Net assetsLn 32$485K$427K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$37K$37K
Other employee benefitsLn 9$765$765
Payroll taxesLn 10$3K$3K
Management feesLn 11a$14K$14K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$8K$8K
Advertising and promotionLn 12$478$478
Office expensesLn 13$6K$6K
Information technologyLn 14$574$574
OccupancyLn 16$28K$28K
TravelLn 17$3K$3K
Depreciation, depletion and amortizationLn 22$59K$59K
Other expenses (24a–d)Ln 24$50K$50K
All other expensesLn 24e$18$18
Total functional expensesLn 25$222K$212K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled 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

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $163,993 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $108,920$98,383
I-9 Program service revenuePrior year $53,753$65,605
I-10 Investment incomePrior year $7$5
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $162,680$163,993
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 $20,115$40,751
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $168,405$181,049
I-18 Total expensesPrior year $188,520$221,800
I-19 Revenue less expensesPrior year −$25,840−$57,807
Part VI · Governance 0 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
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 $163,993 across 5 lines filed
VIII-1e Government grants$98,383
VIII-1h Total contributions, gifts and grants$98,383
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,605$65,605
VIII-3 Investment incomeExcluded from tax $5$5
VIII-12 Total revenueRelated to mission $65,605 · Unrelated business $0 · Excluded from tax $5$163,993
Part IX · Statement of functional expenses $221,800 across 14 lines filed
IX-7 Other salaries and wagesPrograms $37,029$37,029
IX-9 Other employee benefitsPrograms $765$765
IX-10 Payroll taxesPrograms $2,957$2,957
IX-11a Management feesPrograms $14,394$14,394
IX-11c Accounting feesManagement $9,994$9,994
IX-11g Other fees for servicesPrograms $8,103$8,103
IX-12 Advertising and promotionPrograms $478$478
IX-13 Office expensesPrograms $6,449$6,449
IX-14 Information technologyPrograms $574$574
IX-16 OccupancyPrograms $28,072$28,072
IX-17 TravelPrograms $3,301$3,301
IX-22 Depreciation, depletion and amortizationPrograms $59,280$59,280
IX-24 Other expenses (24a–d)Programs $50,386$50,386
IX-24e All other expensesPrograms $18$18
IX-25 Total functional expensesPrograms $211,806 · Management $9,994 · Fundraising $0$221,800
Part X · Balance sheet $757,201 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $27,424$30,650
X-4 Accounts receivableStart of year $6,281$1,635
X-9 Prepaid expenses and deferred chargesStart of year $2,714$3,511
X-10c Land, buildings and equipment, netStart of year $693,344$634,064
X-15 Other assetsStart of year $82,209$87,341
X-16 Total assetsStart of year $811,972$757,201
X-17 Accounts payable and accrued expensesStart of year $32,620$32,257
X-19 Deferred revenueStart of year $489$3,885
X-23 Secured mortgages and notes payableStart of year $290,000$290,000
X-25 Other liabilitiesStart of year $3,609$3,612
X-26 Total liabilitiesStart of year $326,718$329,754
X-27 Net assets without donor restrictionsStart of year $485,254$427,447
X-32 Total net assets or fund balancesStart of year $485,254$427,447
X-33 Total liabilities and net assetsStart of year $811,972$757,201
Part XI · Reconciliation of net assets $427,447 net assets at year end
XI-1 Total revenue$163,993
XI-2 Total expenses$221,800
XI-3 Revenue less expenses−$57,807
XI-4 Net assets at start of year$485,254
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$427,447

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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