Liabilities / Assets
98th percentile
Higher debt load relative to assets than 98% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
3.09x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
11th percentile
Higher net margin than 11% of similar nonprofits.
Top Officer Pay
75th percentile
Higher top officer pay than 75% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
23rd percentile
Faster asset growth than 23% of similar nonprofits.
Revenue Growth
48th percentile
Faster revenue growth than 48% of similar nonprofits.
Balance Sheet
Assets
Down$147,161
Down $27,429 (-16%) from 2014
Net Assets
Down-$307,979
Down $29,770 (-11%) from 2014
Liabilities
Up$455,140
Up $2,341 (+0.5%) from 2014
Revenue And Expenses
Revenue
Down$87,414
Down $96 (-0.1%) from 2014
Expenses
Up$117,184
Up $9,127 (+8.4%) from 2014
Net Income
Down-$29,770
Down $9,223 (-45%) from 2014
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2015 to Dec 31, 2015
- Signed
- Apr 6, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $87,414
Mission and Program Overview
Mission
To provide elderly persons and handicapped persons with housing facilities and services specifically designed to meet their physical, social, and psychological needs.
To provide elderly persons and handicapped persons with housing facilities and services specifically designed to meet their physical, social and psychological needs.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. | - | $92,576 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| HELEN RUFFING | President | - | $0 | - | - |
| FRANK BACON | Treasurer | - | $0 | - | - |
| PETER MALLERY | Secretary | - | $0 | - | - |
| HARRY OLDENBURG | Board Member | - | $0 | - | - |
| JUDY WORTHINGTON | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Independence Square Apartments Inc
- EIN
- 38-2581584
- Phone
- 8103854463
- Address
- 3051 COMMERCE DRIVE STE 5, FORT GRATIOT, MI 48059
Signing Officer
- Name
- Helen Ruffing
- Title
- President
- Phone
- 8103854463
- Signed
- 2016-04-06
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Stewart Beauvais & Whipple Pc
- Address
- 1979 HOLLAND AVE SUITE A, PORT HURON, MI 48060-8639
- Preparer
- Christine I Latour CPA Mst
- Phone
- 8109843829
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses supplies 996 interest expense 29,212 mortgage insurance 2,803 liability insurance 2,590 license & permits 1,135 miscellaneous admin 150 non-investment depreciation 21,732 total 58,618”
Form 990-ez, Part II, Line 24
“Accounts receivable 373 230 equipment 1,212 1,212 less accumulated depreciation 1,212 1,212 tenant security deposits 1,994 2,154 total 2,367 2,384”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 4,842 13,129 deferred revenue 638 478 tenant security deposits 1,994 2,154 mortgage and other notes payable 445,325 439,379”
Form 990-ez, Part III
“To provide elderly persons and handicapped persons with housing facilities and services specifically designed to meet their physical, social and psychological needs.”
Raw XML Appendix158 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | INNOVATIVE HOUSING DEV R KIEHLER |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 8103854463 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 3051 COMMERCE DR SUITE 5 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | FORT GRATIOT |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 48059 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 35751 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 30037 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 77248 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -29770 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 23462 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 174590 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 147161 |
| IRS990EZ/GrossReceiptsAmt | 0 | 87414 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 10 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 136472 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 114740 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -278209 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -307979 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -278209 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -307979 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 35104 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | HELEN RUFFING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | FRANK BACON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | PETER MALLERY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | HARRY OLDENBURG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | JUDY WORTHINGTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | SECRETARY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 2367 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 2384 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 58618 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 10156 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 92576 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MI |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 452799 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 455140 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 117184 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 92576 |
| IRS990EZ/TotalRevenueAmt | 0 | 87414 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | MISC 30 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 77248 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 77622 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 34819 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 73921 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 73131 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 336741 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 10 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 44 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 43 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 55 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 196 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 56833 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 30 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 30 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99930 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99900 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 336741 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 77248 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 77622 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 34819 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 73921 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 73131 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 336741 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 336967 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES SUPPLIES 996 INTEREST EXPENSE 29,212 MORTGAGE INSURANCE 2,803 LIABILITY INSURANCE 2,590 LICENSE & PERMITS 1,135 MISCELLANEOUS ADMIN 150 NON-INVESTMENT DEPRECIATION 21,732 TOTAL 58,618 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 373 230 EQUIPMENT 1,212 1,212 LESS ACCUMULATED DEPRECIATION 1,212 1,212 TENANT SECURITY DEPOSITS 1,994 2,154 TOTAL 2,367 2,384 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 4,842 13,129 DEFERRED REVENUE 638 478 TENANT SECURITY DEPOSITS 1,994 2,154 MORTGAGE AND OTHER NOTES PAYABLE 445,325 439,379 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIFICALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2016-09-27 15:27:22Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | HELEN RUFFING |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8103854463 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-04-06 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INDEPENDENCE SQUARE APARTMENTS INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INDE |
| ReturnHeader/Filer/EIN | 0 | 382581584 |
| ReturnHeader/Filer/PhoneNum | 0 | 8103854463 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 3051 COMMERCE DRIVE STE 5 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | FORT GRATIOT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 48059 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 382775143 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | STEWART BEAUVAIS & WHIPPLE PC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1979 HOLLAND AVE SUITE A |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | PORT HURON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 480608639 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 8109843829 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-04-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHRISTINE I LATOUR CPA MST |
| ReturnHeader/ReturnTs | 0 | 2016-05-09T14:56:39-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2015-12-31 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2015 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $147,161
- Liabilities
- $455,140
- Net assets
- -$307,979
- Revenue
- $87,414
- Expenses
- $117,184
- Net income
- -$29,770