Civic Intelligence

Independence Heights Inc.

990 • Fiscal year 2018 • EIN 16-1617489

Jan 01, 2018 to Dec 31, 2018 • Filed on Jul 15, 2019

Organization ProfileN/A
2211 Norfolk St 614Houston, TX 77098

(713) 526-9470

Siviq Scores

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

Liabilities / Assets

34th percentile

0.03x

Higher debt load relative to assets than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

62nd percentile

0.18x

Higher debt load relative to revenue than 62% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-20%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

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.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

34th percentile

-2.6%

Faster asset growth than 34% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

28%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets34th percentile

Assets

Down

$2,729,823

Down $71,871 (-2.6%) from 2017

Net Assets

Down

$2,661,332

Down $74,909 (-2.7%) from 2017

Liabilities

Up

$68,491

Up $3,038 (+4.6%) from 2017

Revenue And Expenses
Liabilities / Revenue62nd percentileNet Margin14th percentile

Revenue

Up

$385,046

Up $83,130 (+28%) from 2017

Expenses

Up

$460,236

Up $6,112 (+1.3%) from 2017

Net Income

Up

-$75,190

Up $77,018 (+51%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth34th 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

2018

Assets$2,729,823
Liabilities$68,491
Net Assets$2,661,332
Open 2018 Filing

Operations Trend

Revenue Growth80th 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

2018

Revenue$385,046
Expenses$460,236
Net Income-$75,190
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Jul 15, 2019
Return Version
2018v3.1
Gross Receipts
$385,046
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$2,732,110$2,644,972▼ $87,138
Cash and Non-Interest-Bearing Accounts$499$945▲ $446
Accounts Receivable$1,112$634▼ $478
Total Assets$2,801,694$2,729,823▼ $71,871
Other Assets Total$67,973$83,272▲ $15,299
Liabilities
Accounts Payable and Accrued Expenses$49,416$53,092▲ $3,676
Other Liabilities$13,114$12,964▼ $150
Deferred Revenue$2,923$2,435▼ $488
Total Liabilities$65,453$68,491▲ $3,038
Net Assets / Fund Balance
Temporarily Rstr Net Assets$3,982,800--
Unrestricted Net Assets$-1,246,559$2,661,332▲ $3,907,891
Total Net Assets Fund Balance$2,736,241$2,661,332▼ $74,909
Total Liabilities and Net Assets / Fund Balance$2,801,694$2,729,823▼ $71,871

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,414,972$1,434,031$3,849,003
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
Rev Elizabeth GrashamPresident
Leonard WilkinDirector
Stephanie GoldsbySecretary
Hilda HendrixTreasurer
Rev Lindsey HatchVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$384,867
Investment Income
$31
Other Revenue
$148
Change in Net Assets
$-75,190

Audited Revenue Reconciliation

Revenue per Audited Statements
$385,046
Total Revenue per Audited Statements
$385,046
Total Revenue per Form 990
$385,046
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$348,371
Salaries, Compensation, and Employee Benefits$111,865
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$133,822--$133,822
Depreciation Depletion$101,371--$101,371
Other Salaries and Wages$76,496--$76,496
Insurance$29,665--$29,665
Other Employee Benefits$28,369--$28,369
Fees for Services Management-$28,123-$28,123
Office Expenses$24,384--$24,384
Fees for Services Accounting-$15,151-$15,151
Payroll Taxes$7,000--$7,000
Information Technology$4,240--$4,240
Other Expenses$904--$904
Travel$663--$663
Conferences and Meetings$225--$225
Total Functional Expenses$416,962$43,274$0$460,236

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$460,236
Expenses per Audited Statements$459,955
Total Expenses per Audited Statements$459,955
Expenses Not Reported on Financial Statements$281
Other Expense Adjustments$281
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$12,964
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
7135269470
Address
2211 NORFOLK ST 614, HOUSTON, TX 77098
Doing Business As
Independence Heights

Signing Officer

Name
Linda Holder
Title
Registered Agent
Phone
7135269470
Signed
2019-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rev Elizabeth Grasham
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

“Book / tax depreciation difference 281”

Financial Statement Notes

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

“Book / tax depreciation difference 281”

Raw XML Appendix389 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/CurrentTaxYearMinus1YearAmt0345623
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0348518
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0350130
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0321151
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0345661
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0350298
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03256
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SECURITY DEPOSITS
IRS990ScheduleD/RevenueSubtotalAmt0385046
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 281
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02644972
IRS990ScheduleD/TotalExpensesPerForm990Amt0460236
IRS990ScheduleD/TotalLiabilityAmt012964
IRS990ScheduleD/TotalRevenuePerForm990Amt0385046
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0385046
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0459955
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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/ExplanationTxt3BOOK / TAX DEPRECIATION DIFFERENCE 281
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
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
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IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt02729823
IRS990/TotalAssetsGrp/BOYAmt02801694
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IRS990/TotalEmployeeCnt04
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt043274
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0416962
IRS990/TotalFunctionalExpensesGrp/TotalAmt0460236
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt065453
IRS990/TotalLiabilitiesEOYAmt068491
IRS990/TotalLiabilitiesGrp/BOYAmt065453
IRS990/TotalLiabilitiesGrp/EOYAmt068491
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02736241
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02661332
IRS990/TotalProgramServiceExpensesAmt0416962
IRS990/TotalProgramServiceRevenueAmt0384867
IRS990/TotalRevenueGrp/ExclusionAmt031
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0385015
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0385046
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02801694
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02729823
IRS990/TravelGrp/ProgramServicesAmt0663
IRS990/TravelGrp/TotalAmt0663
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-1246559
IRS990/UnrestrictedNetAssetsGrp/EOYAmt02661332
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01703 HEIGHTS BLVD
IRS990/USAddress/CityNm0HOUSTON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077008
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LINDA HOLDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0REGISTERED AGENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07135269470
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-07-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE HEIGHTS INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0161617489
ReturnHeader/Filer/PhoneNum07135269470
ReturnHeader/Filer/USAddress/AddressLine1Txt02211 NORFOLK ST 614
ReturnHeader/Filer/USAddress/CityNm0HOUSTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077098
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId068391443E8F1BC2764ED7965D92710CBD1985FD8
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId068391443E8F1BC2764ED7965D92710CBD1985FD8
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt074.213.39.102
ReturnHeader/FilingSecurityInformation/IPDt02019-09-11
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm014:52:18
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/PreparationDt02019-09-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLOS TABOADA
ReturnHeader/ReturnTs02019-09-11T14:52:18-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,729,823
Liabilities
$68,491
Net assets
$2,661,332
Revenue
$385,046
Expenses
$460,236
Net income
-$75,190
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