Civic Intelligence

Independence Heights Inc.

990 • Fiscal year 2016 • EIN 16-1617489

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 11, 2017

Organization ProfileN/A
1950 Heights BlvdHouston, TX 77036

(713) 880-1441

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

59th percentile

0.17x

Higher debt load relative to revenue than 59% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

9th percentile

-37%

Higher net margin than 9% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

29th percentile

-3.1%

Faster asset growth than 29% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

40th percentile

-0.5%

Faster revenue growth than 40% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$2,937,917

Down $94,565 (-3.1%) from 2015

Net Assets

Down

$2,878,416

Down $127,771 (-4.3%) from 2015

Liabilities

Up

$59,501

Up $33,206 (+126%) from 2015

Revenue And Expenses
Liabilities / Revenue59th percentileNet Margin9th percentile

Revenue

Down

$348,692

Down $1,606 (-0.5%) from 2015

Expenses

Up

$476,778

Up $44,434 (+10%) from 2015

Net Income

Down

-$128,086

Down $46,040 (-56%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,416,226Liabilities 2011: $28,311Net Assets 2011: $3,387,9152011Assets 2012: $3,316,665Liabilities 2012: $32,508Net Assets 2012: $3,284,1572012Assets 2013: $3,232,321Liabilities 2013: $35,030Net Assets 2013: $3,197,2912013Assets 2014: $3,116,364Liabilities 2014: $28,385Net Assets 2014: $3,087,9792014Assets 2015: $3,032,482Liabilities 2015: $26,295Net Assets 2015: $3,006,1872015Assets 2016: $2,937,917Liabilities 2016: $59,501Net Assets 2016: $2,878,4162016Assets 2017: $2,801,694Liabilities 2017: $65,453Net Assets 2017: $2,736,2412017Assets 2018: $2,729,823Liabilities 2018: $68,491Net Assets 2018: $2,661,3322018Assets 2019: $2,674,318Liabilities 2019: $29,426Net Assets 2019: $2,644,8922019Assets 2020: $2,632,505Liabilities 2020: $82,364Net Assets 2020: $2,550,1412020Assets 2021: $2,537,925Liabilities 2021: $56,816Net Assets 2021: $2,481,1092021Assets 2022: $2,818,183Liabilities 2022: $263,481Net Assets 2022: $2,554,7022022Assets 2023: $2,506,860Liabilities 2023: $54,914Net Assets 2023: $2,451,9462023Assets 2024: $2,534,155Liabilities 2024: $283,154Net Assets 2024: $2,251,0012024

Highlighted filing

2016

Assets$2,937,917
Liabilities$59,501
Net Assets$2,878,416
Open 2016 Filing

Operations Trend

Revenue Growth40th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $316,938Expenses 2011: $403,839Net Income 2011: -$86,9012011Expenses 2012: $426,5982012Revenue 2013: $325,005Expenses 2013: $412,791Net Income 2013: -$87,7862013Revenue 2014: $321,407Expenses 2014: $431,003Net Income 2014: -$109,5962014Revenue 2015: $350,298Expenses 2015: $432,344Net Income 2015: -$82,0462015Revenue 2016: $348,692Expenses 2016: $476,778Net Income 2016: -$128,0862016Revenue 2017: $301,916Expenses 2017: $454,124Net Income 2017: -$152,2082017Revenue 2018: $385,046Expenses 2018: $460,236Net Income 2018: -$75,1902018Revenue 2019: $392,724Expenses 2019: $409,437Net Income 2019: -$16,7132019Revenue 2020: $395,846Expenses 2020: $490,810Net Income 2020: -$94,9642020Revenue 2021: $391,814Expenses 2021: $461,343Net Income 2021: -$69,5292021Revenue 2022: $501,749Expenses 2022: $522,333Net Income 2022: -$20,5842022Revenue 2023: $413,869Expenses 2023: $550,643Net Income 2023: -$136,7742023Revenue 2024: $548,022Expenses 2024: $784,794Net Income 2024: -$236,7722024

Highlighted filing

2016

Revenue$348,692
Expenses$476,778
Net Income-$128,086
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 11, 2017
Return Version
2016v3.0
Gross Receipts
$348,692
Mission and Program Overview

Mission

To provide housing units for the elderly through a hud assistance program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,892,964$2,793,144▼ $99,820
Accounts Receivable$5,480$3,519▼ $1,961
Cash and Non-Interest-Bearing Accounts$432$250▼ $182
Total Assets$3,032,482$2,937,917▼ $94,565
Other Assets Total$133,606$141,004▲ $7,398
Liabilities
Accounts Payable and Accrued Expenses$9,256$37,841▲ $28,585
Other Liabilities$13,711$14,796▲ $1,085
Deferred Revenue$3,328$6,864▲ $3,536
Total Liabilities$26,295$59,501▲ $33,206
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,982,800$3,982,800→ $0
Unrestricted Net Assets$-976,613$-1,104,384▼ $127,771
Total Net Assets Fund Balance$3,006,187$2,878,416▼ $127,771
Total Liabilities and Net Assets / Fund Balance$3,032,482$2,937,917▼ $94,565

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,563,144$1,249,602$3,812,746
Land$230,000-$230,000
Other Land Buildings-$3,256$3,256
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Florene WilliamsonPresident
Rosalie LilesDirector
Stephanie GoldsbyDirector
Rev Elizabeth GrashamSecretary
Leonard WilkinsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$348,518
Investment Income
$174
Other Revenue
$0
Change in Net Assets
$-128,086

Audited Revenue Reconciliation

Revenue per Audited Statements
$348,692
Total Revenue per Audited Statements
$348,692
Total Revenue per Form 990
$348,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342,766
Salaries, Compensation, and Employee Benefits$134,012
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$139,064--$139,064
Depreciation Depletion$100,135--$100,135
Other Salaries and Wages$98,948--$98,948
Fees for Services Management$16,006$10,670-$26,676
Other Employee Benefits$25,894--$25,894
Insurance$25,110--$25,110
Office Expenses$20,192--$20,192
Fees for Services Accounting-$13,876-$13,876
Payroll Taxes$9,170--$9,170
Information Technology$1,616--$1,616
Other Expenses$1,175--$1,175
Conferences and Meetings$225--$225
Travel$173--$173
Total Functional Expenses$452,232$24,546$0$476,778

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$476,778
Expenses per Audited Statements$476,466
Total Expenses per Audited Statements$476,466
Expenses Not Reported on Financial Statements$312
Other Expense Adjustments$312
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$12,539
Bank Overdraft$2,257
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“Management of the apartment project has been delegated to houston housing management corporation under a formal contract approved by hud.”

Form 990, Page 6, Part VI, Line 11B

“The secretary/treasurer has been given the authority to review, sign and file the form 990. A copy of form 990 is presented to all board members.”

Form 990, Page 6, Part VI, Line 19

“The organizational documents are made available to the public through a third-party website, such as guidestar, as well as through written request to the organization.”

Filing and Contact Details

Filer

Filer Name
Independence Heights Inc
EIN
16-1617489
Phone
7138801441
Address
1950 HEIGHTS BLVD, HOUSTON, TX 77036
Doing Business As
Independence Heights

Signing Officer

Name
Linda Holder
Title
Agent
Phone
7135269470
Signed
2017-10-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Florene Williamson
Formed
2002
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
4

Preparer

Firm
Carlos Taboada & Company Pc
Address
1001 S DAIRY ASHFORD STE 370, HOUSTON, TX 77077-2333
Preparer
Carlos Taboada
Phone
2816063011
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Rounding 3 book/tax depreciation difference 312 total 315”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 312”

Raw XML Appendix379 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0324775
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0320689
IRS990ScheduleA/Total509Grp/TotalAmt01665263
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0348692
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0350298
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0321407
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0325005
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0320949
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01666351
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt02563144
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01249602
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03812746
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0312
IRS990ScheduleD/ExpensesSubtotalAmt0476466
IRS990ScheduleD/LandGrp/BookValueAmt0230000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0230000
IRS990ScheduleD/OtherExpensesNotIncludedAmt0312
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03256
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012539
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12257
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1BANK OVERDRAFT
IRS990ScheduleD/RevenueSubtotalAmt0348692
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 312
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02793144
IRS990ScheduleD/TotalExpensesPerForm990Amt0476778
IRS990ScheduleD/TotalLiabilityAmt014796
IRS990ScheduleD/TotalRevenuePerForm990Amt0348692
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0348692
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0476466
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MANAGEMENT OF THE APARTMENT PROJECT HAS BEEN DELEGATED TO HOUSTON HOUSING MANAGEMENT CORPORATION UNDER A FORMAL CONTRACT APPROVED BY HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE SECRETARY/TREASURER HAS BEEN GIVEN THE AUTHORITY TO REVIEW, SIGN AND FILE THE FORM 990. A COPY OF FORM 990 IS PRESENTED TO ALL BOARD MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC THROUGH A THIRD-PARTY WEBSITE, SUCH AS GUIDESTAR, AS WELL AS THROUGH WRITTEN REQUEST TO THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ROUNDING 3 BOOK/TAX DEPRECIATION DIFFERENCE 312 TOTAL 315
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt03982800
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt03982800
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt03032482
IRS990/TotalAssetsEOYAmt02937917
IRS990/TotalAssetsGrp/BOYAmt03032482
IRS990/TotalAssetsGrp/EOYAmt02937917
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt024546
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0452232
IRS990/TotalFunctionalExpensesGrp/TotalAmt0476778
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt026295
IRS990/TotalLiabilitiesEOYAmt059501
IRS990/TotalLiabilitiesGrp/BOYAmt026295
IRS990/TotalLiabilitiesGrp/EOYAmt059501
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt03006187
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02878416
IRS990/TotalProgramServiceExpensesAmt0452232
IRS990/TotalProgramServiceRevenueAmt0348518
IRS990/TotalRevenueGrp/ExclusionAmt0174
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0348518
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0348692
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03032482
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02937917
IRS990/TravelGrp/ProgramServicesAmt0173
IRS990/TravelGrp/TotalAmt0173
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-976613
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-1104384
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01950 HEIGHTS BLVD
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077008
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA HOLDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07135269470
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-10-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE HEIGHTS INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0161617489
ReturnHeader/Filer/PhoneNum07138801441
ReturnHeader/Filer/USAddress/AddressLine1Txt01950 HEIGHTS BLVD
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077036
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0362D137AAC769FCC890B01595192F92195DE5B19
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId068391443E8F1BC2764ED7965D92710CBD1985FD8
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452609906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARLOS TABOADA & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01001 S DAIRY ASHFORD STE 370
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770772333
ReturnHeader/PreparerPersonGrp/PhoneNum02816063011
ReturnHeader/PreparerPersonGrp/PreparationDt02017-10-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLOS TABOADA
ReturnHeader/ReturnTs02017-10-12T15:13:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,937,917
Liabilities
$59,501
Net assets
$2,878,416
Revenue
$348,692
Expenses
$476,778
Net income
-$128,086
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.53$0.28$2.25$0.55$0.78$0.24
2023Detailed filing. Detailed filing data is available for this year.$2.51$0.05$2.45$0.41$0.55$0.14
2022Detailed filing. Detailed filing data is available for this year.$2.82$0.26$2.55$0.50$0.52$0.02
2021Detailed filing. Detailed filing data is available for this year.$2.54$0.06$2.48$0.39$0.46$0.07
2020Detailed filing. Detailed filing data is available for this year.$2.63$0.08$2.55$0.40$0.49$0.09
2019Detailed filing. Detailed filing data is available for this year.$2.67$0.03$2.64$0.39$0.41$0.02
2018Detailed filing. Detailed filing data is available for this year.$2.73$0.07$2.66$0.39$0.46$0.08
2017Detailed filing. Detailed filing data is available for this year.$2.80$0.07$2.74$0.30$0.45$0.15
2016Detailed filing. Detailed filing data is available for this year.$2.94$0.06$2.88$0.35$0.48$0.13
2015Detailed filing. Detailed filing data is available for this year.$3.03$0.03$3.01$0.35$0.43$0.08
2014Detailed filing. Detailed filing data is available for this year.$3.12$0.03$3.09$0.32$0.43$0.11
2013Detailed filing. Detailed filing data is available for this year.$3.23$0.04$3.20$0.33$0.41$0.09
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.32$0.03$3.28$0.43
2011Summary only. Only limited summary data is available for this year.$3.42$0.03$3.39$0.32$0.40$0.09