Civic Intelligence

Independence II Inc.

990 • Fiscal year 2023 • EIN 20-1329143

Jul 01, 2022 to Jun 30, 2023 • Filed on Feb 14, 2024

770 Woodlane Road Suite 63Mount Holly, NJ 08060

(609) 267-5928

Siviq Scores

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

Liabilities / Assets

20th percentile

0.01x

Higher debt load relative to assets than 20% of similar nonprofits.

2023 filings • NTEE L • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

30th percentile

0.12x

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

2023 filings • NTEE L • $500k-$1M nonprofits • Source year 2023

Net Margin

3rd percentile

-241%

Higher net margin than 3% of similar nonprofits.

2023 filings • NTEE L • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

99th percentile

$585,481

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 1413.7% of source-year revenue.

2023 filings • NTEE L • $500k-$1M nonprofits • Source year 2023

Asset Growth

8th percentile

-12%

Faster asset growth than 8% of similar nonprofits.

2023 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

55th percentile

4.8%

Faster revenue growth than 55% of similar nonprofits.

2023 filings • NTEE L • $500k-$1M nonprofits • Annualized from 2022 to 2023

Assets

Down

$702,841

Down $99,992 (-12%) from 2022

Net Assets

Down

$697,793

Down $97,176 (-12%) from 2022

Liabilities

Down

$5,048

Down $2,816 (-36%) from 2022

Revenue

Up

$41,416

Up $1,904 (+4.8%) from 2022

Expenses

Up

$141,409

Up $99,316 (+236%) from 2022

Net Income

Down

-$99,993

Down $97,412 (-3774%) from 2022

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $804,059Liabilities 2011: $4,267Net Assets 2011: $799,7922011Assets 2012: $819,184Liabilities 2012: $4,996Net Assets 2012: $814,1882012Assets 2013: $833,476Liabilities 2013: $4,783Net Assets 2013: $828,6932013Assets 2014: $830,944Liabilities 2014: $5,050Net Assets 2014: $825,8942014Assets 2015: $829,218Liabilities 2015: $5,049Net Assets 2015: $824,1692015Assets 2016: $831,300Liabilities 2016: $5,049Net Assets 2016: $826,2512016Assets 2017: $809,874Liabilities 2017: $5,049Net Assets 2017: $804,8252017Assets 2018: $811,361Liabilities 2018: $5,049Net Assets 2018: $806,3122018Assets 2019: $808,387Liabilities 2019: $5,049Net Assets 2019: $803,3382019Assets 2020: $805,570Liabilities 2020: $5,049Net Assets 2020: $800,5212020Assets 2021: $802,598Liabilities 2021: $5,048Net Assets 2021: $797,5502021Assets 2022: $802,833Liabilities 2022: $7,864Net Assets 2022: $794,9692022Assets 2023: $702,841Liabilities 2023: $5,048Net Assets 2023: $697,7932023Assets 2024: $697,564Liabilities 2024: $5,048Net Assets 2024: $692,5162024

Highlighted filing

2023

Assets$702,841
Liabilities$5,048
Net Assets$697,793

Operations Trend

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

$200K$100K$0-$100KRevenue 2011: $38,573Expenses 2011: $43,091Net Income 2011: -$4,5182011Revenue 2012: $46,273Expenses 2012: $31,877Net Income 2012: $14,3962012Expenses 2013: $25,1782013Revenue 2014: $32,783Expenses 2014: $35,582Net Income 2014: -$2,7992014Revenue 2015: $39,281Expenses 2015: $41,006Net Income 2015: -$1,7252015Revenue 2016: $35,843Expenses 2016: $33,761Net Income 2016: $2,0822016Revenue 2017: $38,128Expenses 2017: $59,554Net Income 2017: -$21,4262017Revenue 2018: $35,138Expenses 2018: $33,651Net Income 2018: $1,4872018Revenue 2019: $33,816Expenses 2019: $36,790Net Income 2019: -$2,9742019Revenue 2020: $32,899Expenses 2020: $35,716Net Income 2020: -$2,8172020Revenue 2021: $28,465Expenses 2021: $31,436Net Income 2021: -$2,9712021Revenue 2022: $39,512Expenses 2022: $42,093Net Income 2022: -$2,5812022Revenue 2023: $41,416Expenses 2023: $141,409Net Income 2023: -$99,9932023Revenue 2024: $37,680Expenses 2024: $42,957Net Income 2024: -$5,2772024

Highlighted filing

2023

Revenue$41,416
Expenses$141,409
Net Income-$99,993
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Feb 14, 2024
Return Version
2022v5.0
Gross Receipts
$41,416
Mission and Program Overview

Mission

To provide single family homes for the benefit of adult residents with mental health disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$632,401$624,879▼ $7,522
Cash and Non-Interest-Bearing Accounts$170,432$77,962▼ $92,470
Total Assets$802,833$702,841▼ $99,992
Liabilities
Other Liabilities$5,048$5,048→ $0
Accounts Payable and Accrued Expenses$2,816--
Total Liabilities$7,864$5,048▼ $2,816
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$794,969$697,793▼ $97,176
Total Net Assets Fund Balance$794,969$697,793▼ $97,176
Total Liabilities and Net Assets / Fund Balance$802,833$702,841▼ $99,992

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$492,779$208,123$700,902
Land$132,100-$132,100
Compensation and Service Providers

Board Members and Trustees

NameTitle
Derry HollandPresident
Aaron NelsonTrustee
Chelsea CarterTrustee
Colleen CrandallTrustee
Marianne AleardiTrustee
Qindi ShiSecretary/treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$41,382
Investment Income
$34
Other Revenue
$0
Change in Net Assets
$-99,993

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,416
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$41,416
Total Revenue per Form 990
$41,416
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$141,409
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$7,523--$7,523
Other Expenses$1,974--$1,974
Insurance$1,540--$1,540
Total Functional Expenses$141,409$0$0$141,409

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$141,409
Total Expenses per Audited Statements$141,409
Total Expenses per Form 990$141,409
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Minimum Capital Requirement$3,752
Security Deposits$1,296
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the signing officer along with any members as deemed appropriate by the governing body.

Form 990, Part VI, Section B, Line 12C

Monitoring and enforcement of compliance takes place as set forth under the written policy.

Form 990, Part VI, Section B, Line 15

All of these factors are considered as deemed appropriate.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Independence Ii Inc
EIN
20-1329143
Phone
6092675928
Address
770 WOODLANE ROAD SUITE 63, MOUNT HOLLY, NJ 08060

Signing Officer

Name
Qindi Shi
Title
CFO
Phone
6092675928
Signed
2024-02-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Qindi Shi
Formed
2004
Legal Domicile
Nj
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Bowman & Company Llp
Address
601 WHITE HORSE ROAD, VOORHEES, NJ 08043-2493
Preparer
Glen J Walton
Phone
8564356200
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

Part xii, line 2c - the process has not changed from prior year

Financial Statement Notes

PART X, LINE 2:

The organization claims exemption from federal and state income taxes under section 501(c)(3) of the internal revenue code, and accordingly, does not record a provision for income taxes on related income. The organization regularly reviews and evaluates its tax positions taken in previously filed information returns and as reflected in its financial statements, with regard to issues affecting its tax.

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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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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt0141561
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt115206
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0389037
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt1249884
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt044400
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt144550
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt010483
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt110453
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DERRY HOLLAND
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1QINDI SHI
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1SECRETARY/TREASURER
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0585481
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt1320093
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE 990 IS REVIEWED BY THE SIGNING OFFICER ALONG WITH ANY MEMBERS AS DEEMED APPROPRIATE BY THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MONITORING AND ENFORCEMENT OF COMPLIANCE TAKES PLACE AS SET FORTH UNDER THE WRITTEN POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL OF THESE FACTORS ARE CONSIDERED AS DEEMED APPROPRIATE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PART XII, LINE 2C - THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XII, LINE 2C:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0YES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OAKS INTEGRATED CARE INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0TO BUILD HEALTHY COMMUNITIES ONE CHILD, ONE ADULT, AND ONE FAMILY AT A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0PUBLIC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0770 WOODLANE ROAD SUITE 63
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MOUNT HOLLY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NJ
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd008060
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0NJ
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0802833
IRS990/TotalAssetsEOYAmt0702841
IRS990/TotalAssetsGrp/BOYAmt0802833
IRS990/TotalAssetsGrp/EOYAmt0702841
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0141409
IRS990/TotalFunctionalExpensesGrp/TotalAmt0141409
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07864
IRS990/TotalLiabilitiesEOYAmt05048
IRS990/TotalLiabilitiesGrp/BOYAmt07864
IRS990/TotalLiabilitiesGrp/EOYAmt05048
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0794969
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0697793
IRS990/TotalOtherCompensationAmt0109886
IRS990/TotalProgramServiceExpensesAmt0141409
IRS990/TotalProgramServiceRevenueAmt041382
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt034
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt041382
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt041416
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0802833
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0702841
IRS990/TotReportableCompRltdOrgAmt0795688
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0770 WOODLANE ROAD SUITE 63
IRS990/USAddress/CityNm0MOUNT HOLLY
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd008060
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0N/A

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$6.98$0.05$6.93$0.38$0.43$0.05
2023Detailed filing. Detailed filing data is available for this year.$7.03$0.05$6.98$0.41$1.41$1.00
2022Detailed filing. Detailed filing data is available for this year.$8.03$0.08$7.95$0.40$0.42$0.03
2021Detailed filing. Detailed filing data is available for this year.$8.03$0.05$7.98$0.28$0.31$0.03
2020Detailed filing. Detailed filing data is available for this year.$8.06$0.05$8.01$0.33$0.36$0.03
2019Detailed filing. Detailed filing data is available for this year.$8.08$0.05$8.03$0.34$0.37$0.03
2018Detailed filing. Detailed filing data is available for this year.$8.11$0.05$8.06$0.35$0.34$0.01
2017Detailed filing. Detailed filing data is available for this year.$8.10$0.05$8.05$0.38$0.60$0.21
2016Detailed filing. Detailed filing data is available for this year.$8.31$0.05$8.26$0.36$0.34$0.02
2015Detailed filing. Detailed filing data is available for this year.$8.29$0.05$8.24$0.39$0.41$0.02
2014Detailed filing. Detailed filing data is available for this year.$8.31$0.05$8.26$0.33$0.36$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$8.33$0.05$8.29$0.25
2012Summary only. Only limited summary data is available for this year.$8.19$0.05$8.14$0.46$0.32$0.14
2011Summary only. Only limited summary data is available for this year.$8.04$0.04$8.00$0.39$0.43$0.05