Civic Intelligence

Independence House L L C

990 • Fiscal year 2021 • EIN 32-0056642

Jan 01, 2021 to Dec 31, 2021 • Filed on Aug 19, 2022

Organization ProfileN/A
411 S Wells Street 401Chicago, IL 60607

(312) 274-8200

Siviq Scores

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

Liabilities / Assets

97th percentile

1.54x

Higher debt load relative to assets than 97% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

98th percentile

9.78x

Higher debt load relative to revenue than 98% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

7th percentile

-33%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

17th percentile

-3.3%

Faster asset growth than 17% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

1.0%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets97th percentile

Assets

Down

$3,442,120

Down $118,385 (-3.3%) from 2020

Net Assets

Down

-$1,846,162

Down $180,302 (-11%) from 2020

Liabilities

Up

$5,288,282

Up $61,917 (+1.2%) from 2020

Revenue And Expenses
Liabilities / Revenue98th percentileNet Margin7th percentile

Revenue

Up

$540,945

Up $5,211 (+1.0%) from 2020

Expenses

Up

$721,247

Up $41,368 (+6.1%) from 2020

Net Income

Down

-$180,302

Down $36,157 (-25%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

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

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MAssets 2017: $3,976,324Liabilities 2017: $5,207,995Net Assets 2017: -$1,231,6712017Assets 2018: $3,843,642Liabilities 2018: $5,289,921Net Assets 2018: -$1,446,2792018Assets 2019: $3,666,970Liabilities 2019: $5,188,685Net Assets 2019: -$1,521,7152019Assets 2020: $3,560,505Liabilities 2020: $5,226,365Net Assets 2020: -$1,665,8602020Assets 2021: $3,442,120Liabilities 2021: $5,288,282Net Assets 2021: -$1,846,1622021Assets 2022: $3,275,274Liabilities 2022: $5,342,433Net Assets 2022: -$2,067,1592022Assets 2023: $3,573,983Liabilities 2023: $5,307,861Net Assets 2023: -$1,733,8782023Assets 2024: $3,414,782Liabilities 2024: $5,330,143Net Assets 2024: -$1,915,3612024

Highlighted filing

2021

Assets$3,442,120
Liabilities$5,288,282
Net Assets-$1,846,162
Open 2021 Filing

Operations Trend

Revenue Growth34th percentile

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

$1.0M$500K$0-$500KRevenue 2017: $402,970Expenses 2017: $542,786Net Income 2017: -$139,8162017Revenue 2018: $378,097Expenses 2018: $592,705Net Income 2018: -$214,6082018Revenue 2019: $501,501Expenses 2019: $576,937Net Income 2019: -$75,4362019Revenue 2020: $535,734Expenses 2020: $679,879Net Income 2020: -$144,1452020Revenue 2021: $540,945Expenses 2021: $721,247Net Income 2021: -$180,3022021Revenue 2022: $411,879Expenses 2022: $632,876Net Income 2022: -$220,9972022Revenue 2023: $910,814Expenses 2023: $577,533Net Income 2023: $333,2812023Revenue 2024: $489,922Expenses 2024: $671,405Net Income 2024: -$181,4832024

Highlighted filing

2021

Revenue$540,945
Expenses$721,247
Net Income-$180,302
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Aug 19, 2022
Return Version
2021v4.2
Gross Receipts
$540,945
Mission and Program Overview

Mission

The organization owns and operates a residential facility primarily for low-income adults (and their dependent children) who are in recovery from the disability of chronic substance abuse.

The organization owns and operates a residential facility primarily for low-income families.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$3,364,374$3,238,030▼ $126,344
Accounts Receivable$45,223$65,830▲ $20,607
Prepaid Expenses and Deferred Charges$20,150$17,438▼ $2,712
Cash and Non-Interest-Bearing Accounts$16,915$1,414▼ $15,501
Total Assets$3,560,505$3,442,120▼ $118,385
Other Assets Total$113,843$119,408▲ $5,565
Liabilities
Mortgage Notes Payable Secured by Investment Property$5,139,718$5,138,518▼ $1,200
Accounts Payable and Accrued Expenses$58,051$96,636▲ $38,585
Other Liabilities$20,714$48,118▲ $27,404
Deferred Revenue$7,882$5,010▼ $2,872
Total Liabilities$5,226,365$5,288,282▲ $61,917
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,665,860$-1,846,162▼ $180,302
Total Net Assets Fund Balance$-1,665,860$-1,846,162▼ $180,302
Total Liabilities and Net Assets / Fund Balance$3,560,505$3,442,120▼ $118,385

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,160,326$2,436,744$5,597,070
Other Land Buildings$34,604$308,632$343,236
Land$43,100-$43,100
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Clarence L SmithChairman
Perry ViettiPresident & CEO
Calvin HolmesSecretary
Catherine GalliganTreasurer/CFO
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$540,930
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$-180,302

Audited Revenue Reconciliation

Revenue per Audited Statements
$540,945
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$540,945
Total Revenue per Form 990
$540,945
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$669,609
Salaries, Compensation, and Employee Benefits$51,638
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$148,382--$148,382
Other Salaries and Wages$47,457--$47,457
Other Expenses$36,879--$36,879
All Other Expenses$32,787--$32,787
Fees for Services Management$27,695--$27,695
Insurance$24,363--$24,363
Fees for Services Accounting-$9,815-$9,815
Payroll Taxes$4,181--$4,181
Office Expenses$250--$250
Total Functional Expenses$711,432$9,815$0$721,247

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$721,247
Total Expenses per Audited Statements$721,247
Total Expenses per Form 990$721,247
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
Accrued Management Fees$32,813
Due to Affiliate$12,876
Security Deposit$2,429
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
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
No

Governance Explanations

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

“Line 11b explanation - a draft copy of the form 990 and related schedules is circulated by the board members along with copies of the audited financial statements for review and comment prior to filing.”

Form 990, Part VI, Section C, Line 19

“All documents are available upon request at the organization's office during normal business hours.”

Filing and Contact Details

Filer

Filer Name
Independence House LLC
EIN
32-0056642
Phone
3122748200
Address
411 S WELLS STREET 401, CHICAGO, IL 60607

Signing Officer

Name
Perry Vietti
Title
President & CEO
Phone
3122748200
Signed
2022-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Perry Vietti
Formed
2003
Legal Domicile
Il
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Rubinbrown Llp
Address
225 W WACKER DRIVE, CHICAGO, IL 60606
Preparer
Bruce Schiff
Phone
3124251099
Supplemental Narrative

Additional Explanations

Form 990 Part IX Line 7

“Salaries and wages shown for independence house, llc were reported on form w-3 by a common pay master, interfaith management services, llc. Independence house llc's allocated share is properly shown on form 990, part ix, line 7, as program service expense.”

Form 990 Part X Line 23

“Form 990, part x, line 23 details mortgages owed: illinois housing development authority purpose: acquisition and operation dates amounts march 23, 2003 orig:$2,159,818 boy: $2,139,718 eoy: $2,138,518 terms security 0.0% per annum., mature march 31, 2034 r/e monthly payment of $100.00 for prin dates amounts march 23, 2003 orig:$3,000,000 boy: $3,000,000 eoy: $3,000,000 terms security 0.0% per annum., mature march 31, 2034 r/e balloon payment at maturity”

Form 990 Part XII Line 2C

“The organization has a committee that assumes responsibility for oversight of the audit. There were no changes in the organization's oversight process or election process during the tax year.”

Raw XML Appendix377 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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IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt02436744
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt05597070
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0721247
IRS990ScheduleD/LandGrp/BookValueAmt043100
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt043100
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt034604
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0308632
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0343236
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012876
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt132813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt22429
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO AFFILIATE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1ACCRUED MANAGEMENT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2SECURITY DEPOSIT
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0540945
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03238030
IRS990ScheduleD/TotalExpensesPerForm990Amt0721247
IRS990ScheduleD/TotalLiabilityAmt048118
IRS990ScheduleD/TotalRevenuePerForm990Amt0540945
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0540945
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0721247
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11B EXPLANATION - A DRAFT COPY OF THE FORM 990 AND RELATED SCHEDULES IS CIRCULATED BY THE BOARD MEMBERS ALONG WITH COPIES OF THE AUDITED FINANCIAL STATEMENTS FOR REVIEW AND COMMENT PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S OFFICE DURING NORMAL BUSINESS HOURS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2SALARIES AND WAGES SHOWN FOR INDEPENDENCE HOUSE, LLC WERE REPORTED ON FORM W-3 BY A COMMON PAY MASTER, INTERFAITH MANAGEMENT SERVICES, LLC. INDEPENDENCE HOUSE LLC'S ALLOCATED SHARE IS PROPERLY SHOWN ON FORM 990, PART IX, LINE 7, AS PROGRAM SERVICE EXPENSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FORM 990, PART X, LINE 23 DETAILS MORTGAGES OWED: ILLINOIS HOUSING DEVELOPMENT AUTHORITY PURPOSE: ACQUISITION AND OPERATION DATES AMOUNTS MARCH 23, 2003 ORIG:$2,159,818 BOY: $2,139,718 EOY: $2,138,518 TERMS SECURITY 0.0% PER ANNUM., MATURE MARCH 31, 2034 R/E MONTHLY PAYMENT OF $100.00 FOR PRIN DATES AMOUNTS MARCH 23, 2003 ORIG:$3,000,000 BOY: $3,000,000 EOY: $3,000,000 TERMS SECURITY 0.0% PER ANNUM., MATURE MARCH 31, 2034 R/E BALLOON PAYMENT AT MATURITY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. THERE WERE NO CHANGES IN THE ORGANIZATION'S OVERSIGHT PROCESS OR ELECTION PROCESS DURING THE TAX YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990 PART IX LINE 7
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990 PART X LINE 23
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990 PART XII LINE 2C
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt03560505
IRS990/TotalAssetsEOYAmt03442120
IRS990/TotalAssetsGrp/BOYAmt03560505
IRS990/TotalAssetsGrp/EOYAmt03442120
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt09815
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0711432
IRS990/TotalFunctionalExpensesGrp/TotalAmt0721247
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt05226365
IRS990/TotalLiabilitiesEOYAmt05288282
IRS990/TotalLiabilitiesGrp/BOYAmt05226365
IRS990/TotalLiabilitiesGrp/EOYAmt05288282
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-1665860
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0-1846162
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0711432
IRS990/TotalProgramServiceRevenueAmt0540930
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0540930
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0540945
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt03560505
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03442120
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0411 S WELLS STREET 401
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060607
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0PERRY VIETTI
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum03122748200
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-08-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE HOUSE LLC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0320056642
ReturnHeader/Filer/PhoneNum03122748200
ReturnHeader/Filer/USAddress/AddressLine1Txt0411 S WELLS STREET 401
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060607
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0430765316
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RUBINBROWN LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0225 W WACKER DRIVE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHICAGO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060606
ReturnHeader/PreparerPersonGrp/PhoneNum03124251099
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0BRUCE SCHIFF
ReturnHeader/ReturnTs02022-08-19T08:45:39-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0PERRY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0VIETTI
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,442,120
Liabilities
$5,288,282
Net assets
-$1,846,162
Revenue
$540,945
Expenses
$721,247
Net income
-$180,302
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.41$5.33$1.92$0.49$0.67$0.18
2023Detailed filing. Detailed filing data is available for this year.$3.57$5.31$1.73$0.91$0.58$0.33
2022Detailed filing. Detailed filing data is available for this year.$3.28$5.34$2.07$0.41$0.63$0.22
2021Detailed filing. Detailed filing data is available for this year.$3.44$5.29$1.85$0.54$0.72$0.18
2020Detailed filing. Detailed filing data is available for this year.$3.56$5.23$1.67$0.54$0.68$0.14
2019Detailed filing. Detailed filing data is available for this year.$3.67$5.19$1.52$0.50$0.58$0.08
2018Detailed filing. Detailed filing data is available for this year.$3.84$5.29$1.45$0.38$0.59$0.21
2017Detailed filing. Detailed filing data is available for this year.$3.98$5.21$1.23$0.40$0.54$0.14