Hud subsidized apartment program providing affordable housing with supportive services exclusively for adults with developmental disabilities.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $36K a year · 16% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
<1 mo
of spending, in cash
Concern: 0.2 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$123K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 5 voting members
Looks good: 3 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$234K
+1% vs prior year
Spent
$202K
To programs
88%
Net assets
$164K
By yearFY2020–FY2025
Revenue
$234K
FY2023▲ +1%
Tap a bar for its year
Revenue by fiscal year
FY2020$228K
FY2021$202K
FY2022$231K
FY2023$234K
FY2024$230K
FY2025$253K
Expenses
$202K
FY2023▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$176K
FY2021$197K
FY2022$216K
FY2023$202K
FY2024$184K
FY2025$187K
Net assets
$164K
FY2023▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$111K
FY2021$116K
FY2022$131K
FY2023$164K
FY2024$210K
FY2025$276K

From the FY2023 Form 990 (year ending June 2023) · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jan 1984.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $177K Management & general 12% · $24K

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 · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Independence Square Incorporated 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 affordable housing and support services for adults with developmental disabilities.

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Provided by the organization

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1 program · $177K · in their own filed words · FY2022
01

Provides affordable housing for adults with developmental (intellectual) disabilities and is operated under section 202 of the national housing act, regulated by the U.S. Department of housing and urban development (hud) and is subject to section 8 housing assistance payments agreements with hud.

$177Kprogram expense

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$234K
Ln 12
Fees for servicesLn 2g$227K
Other incomeLn 4–11$7K
Investment incomeLn 3$520
Money outPt IX
$202K
Ln 25
Programscol B$177K
Managementcol C$24K
Owns and owesPt X
$164K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$287K
LiabilitiesLn 26$123K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$227K
Investment incomeLn 3$520
Other incomeLn 4–11$7K
Total revenueLn 12$234K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Land, buildings, equipmentLn 10c$203K
Other assetsLn 15$66K
Total assetsLn 16$287K
LiabilitiesLn 26$123K
Net assetsLn 32$164K
OperationsPt I, VI
EmployeesI 50
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
LineStart FY23End FY23
Cash and savingsLn 1–2$12K$3K
Land, buildings, equipmentLn 10c$231K$203K
Total assetsLn 16$291K$287K
LiabilitiesLn 26$159K$123K
Net assetsLn 32$131K$164K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$37K$37K
Other employee benefitsLn 9$6K$6K
Payroll taxesLn 10$4K$4K
Management feesLn 11a$13K$13K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$6K$6K
OccupancyLn 16$44K$44K
Conferences, conventions and meetingsLn 19$2K$2K
Depreciation, depletion and amortizationLn 22$32K$32K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$48K$48K
Total functional expensesLn 25$202K$177K$24K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $253K$187K$66K$276K 990 PDF
FY2024 $230K$184K$46K$210K 990 PDF
FY2023 Viewing $234K$202K$33K$164K 990 PDF
FY2022 $231K$216K$15K$131K 990 PDF
FY2021 $202K$197K$5K$116K 990 PDF
FY2020 $228K$176K$52K$111K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $234,412 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $231,173$226,892
I-10 Investment incomePrior year $8$520
I-11 Other revenue$7,000
I-12 Total revenuePrior year $231,181$234,412
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$46,309
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $215,979$155,363
I-18 Total expensesPrior year $215,979$201,672
I-19 Revenue less expensesPrior year $15,202$32,740
Part VI · Governance 3 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members3
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 $234,412 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $226,892$226,892
VIII-3 Investment incomeRelated to mission $520$520
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,000$7,000
VIII-12 Total revenueRelated to mission $234,412$234,412
Part IX · Statement of functional expenses $201,672 across 11 lines filed
IX-7 Other salaries and wagesPrograms $36,671$36,671
IX-9 Other employee benefitsPrograms $5,946$5,946
IX-10 Payroll taxesPrograms $3,692$3,692
IX-11a Management feesManagement $12,648$12,648
IX-11c Accounting feesManagement $9,674$9,674
IX-13 Office expensesPrograms $6,497$6,497
IX-16 OccupancyPrograms $44,249$44,249
IX-19 Conferences, conventions and meetingsManagement $2,012$2,012
IX-22 Depreciation, depletion and amortizationPrograms $31,602$31,602
IX-23 InsurancePrograms $1,059$1,059
IX-24 Other expenses (24a–d)Programs $47,622$47,622
IX-25 Total functional expensesPrograms $177,338 · Management $24,334 · Fundraising $0$201,672
Part X · Balance sheet $286,880 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $12,325$3,336
X-4 Accounts receivableStart of year $1,369$1,311
X-9 Prepaid expenses and deferred charges$12,340
X-10c Land, buildings and equipment, netStart of year $230,590$203,461
X-15 Other assetsStart of year $46,520$66,432
X-16 Total assetsStart of year $290,804$286,880
X-17 Accounts payable and accrued expensesStart of year $4,774$7,699
X-19 Deferred revenueStart of year $450$443
X-25 Other liabilitiesStart of year $10,605$2,913
X-26 Total liabilitiesStart of year $159,428$122,764
X-27 Net assets without donor restrictionsStart of year $131,376$164,116
X-32 Total net assets or fund balancesStart of year $131,376$164,116
X-33 Total liabilities and net assetsStart of year $290,804$286,880
Part XI · Reconciliation of net assets $164,116 net assets at year end
XI-1 Total revenue$234,412
XI-2 Total expenses$201,672
XI-3 Revenue less expenses$32,740
XI-4 Net assets at start of year$131,376
XI-10 Net assets at end of year$164,116

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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