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.
3.58x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
17th percentile
Higher net margin than 17% 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
24th percentile
Faster asset growth than 24% of similar nonprofits.
Revenue Growth
51st percentile
Faster revenue growth than 51% of similar nonprofits.
Balance Sheet
Assets
Down$125,625
Down $21,536 (-15%) from 2015
Net Assets
Down-$324,383
Down $16,404 (-5.3%) from 2015
Liabilities
Down$450,008
Down $5,132 (-1.1%) from 2015
Revenue And Expenses
Revenue
Up$88,359
Up $945 (+1.1%) from 2015
Expenses
Down$104,763
Down $12,421 (-11%) from 2015
Net Income
Up-$16,404
Up $13,366 (+45%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2016 to Dec 31, 2016
- Signed
- Feb 23, 2017
- Return Version
- 2016v3.0
- Gross Receipts
- $88,359
Mission and Program Overview
Mission
To provide low income, handicapped housing to adult individuals.
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. | - | $80,813 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| HELEN RUFFING | President | - | $0 | - | - |
| FRANK BACON | Treasurer | - | $0 | - | - |
| RICH WARD | 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
- 2017-02-23
- 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 1,108 mortgage insurance 1,945 liability insurance 1,662 license & permits 1,095 miscellaneous admin 130 non-investment depreciation 21,741 total 27,681”
Form 990-ez, Part II, Line 24
“Accounts receivable 230 5,237 equipment 1,212 1,212 less accumulated depreciation 1,212 1,212 tenant security deposits 2,154 2,373 total 2,384 7,610”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 13,129 13,887 deferred revenue 478 656 tenant security deposits 2,154 2,373 mortgage and other notes payable 439,379 433,092”
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 Appendix156 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 | 30037 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 25016 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 77785 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -16404 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 22712 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 147161 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 125625 |
| IRS990EZ/GrossReceiptsAmt | 0 | 88359 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 8 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 114740 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 92999 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | -307979 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | -324383 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | -307979 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | -324383 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 54370 |
| 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 | RICH WARD |
| 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 | 2384 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 7610 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 27681 |
| 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 | 10566 |
| 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 | 80813 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MI |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 455140 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 450008 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 104763 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 80813 |
| IRS990EZ/TotalRevenueAmt | 0 | 88359 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 77785 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 77248 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77622 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 34819 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 73921 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 341395 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 8 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 10 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 44 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 44 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 43 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 149 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 55257 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99960 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99930 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 341395 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 77785 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 77248 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 77622 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 34819 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 73921 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 341395 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 341544 |
| 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 1,108 MORTGAGE INSURANCE 1,945 LIABILITY INSURANCE 1,662 LICENSE & PERMITS 1,095 MISCELLANEOUS ADMIN 130 NON-INVESTMENT DEPRECIATION 21,741 TOTAL 27,681 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ACCOUNTS RECEIVABLE 230 5,237 EQUIPMENT 1,212 1,212 LESS ACCUMULATED DEPRECIATION 1,212 1,212 TENANT SECURITY DEPOSITS 2,154 2,373 TOTAL 2,384 7,610 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 13,129 13,887 DEFERRED REVENUE 478 656 TENANT SECURITY DEPOSITS 2,154 2,373 MORTGAGE AND OTHER NOTES PAYABLE 439,379 433,092 |
| 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 | 2017-02-10 21:41:12Z |
| 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 | 2017-02-23 |
| 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/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 275A46E4E44EEAC8EC8B61AD2CA3437695B23789 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 65E86CA373B3F1C85BE83888242B6B3DA6459ACB |
| 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 | 2017-02-23 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHRISTINE I LATOUR CPA MST |
| ReturnHeader/ReturnTs | 0 | 2017-02-27T15:19:09-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2016-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-12-31 |
| ReturnHeader/TaxYr | 0 | 2016 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $125,625
- Liabilities
- $450,008
- Net assets
- -$324,383
- Revenue
- $88,359
- Expenses
- $104,763
- Net income
- -$16,404