Liabilities / Assets
84th percentile
Higher debt load relative to assets than 84% of similar nonprofits.
Independence Square Apartments II Inc
990EZ • Fiscal year 2018 • EIN 38-3295366
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.23x
Liabilities / Revenue
95th percentile
Higher debt load relative to revenue than 95% of similar nonprofits.
Net Margin
15th percentile
Higher net margin than 15% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
39th percentile
Faster asset growth than 39% of similar nonprofits.
Revenue Growth
49th percentile
Faster revenue growth than 49% of similar nonprofits.
Balance Sheet
Assets
Down$266,605
Down $8,831 (-3.2%) from 2017
Net Assets
Down$204,941
Down $15,002 (-6.8%) from 2017
Liabilities
Up$61,664
Up $6,171 (+11%) from 2017
Revenue And Expenses
Revenue
Up$63,643
Up $226 (+0.4%) from 2017
Expenses
Up$77,696
Up $7,160 (+10%) from 2017
Net Income
Down-$14,053
Down $6,934 (-97%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2018 to Dec 31, 2018
- Signed
- Feb 28, 2019
- Return Version
- 2018v3.1
- Gross Receipts
- $63,643
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.
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. | - | $57,903 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JUDY WORTHINGTON | President | - | $0 | - | - |
| FRANK BACON | V. President | - | $0 | - | - |
| RICH WARD | Treasurer | - | $0 | - | - |
| HELEN RUFFING | Secretary | - | $0 | - | - |
| HARRY OLDENBURG | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Independence Square Apartments Ii
- EIN
- 38-3295366
- Phone
- 8103854463
- Address
- 3051 COMMERCE DRIVE STE 5, FORT GRATIOT, MI 48059
Signing Officer
- Name
- Frank Bacon
- Title
- V. President
- Phone
- 8103854463
- Signed
- 2019-02-28
- 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 8
“Laundry & vending 977 total 977”
Form 990-ez, Part I, Line 16
“Expenses supplies 1,003 taxes & licenses 1,100 miscellaneous 60 administrative free unit 10,224 res. Receipts recapture 316 non-investment depreciation 9,780 total 22,483”
Form 990-ez, Part I, Line 20
“Unrealized loss on investments -949”
Form 990-ez, Part II, Line 24
“Accounts receivable 0 299 prepaid expenses and deferred charges 1,988 0 furnishings 4,218 4,218 less accumulated depreciation 4,218 4,218 tenant security deposits 1,176 1,176 total 3,164 1,475”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 3,129 9,307 deferred revenue 705 382 tenant security deposits 1,176 1,176 residual receipts recapture 50,483 50,799”
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 Appendix168 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/BusinessName/BusinessNameLine1Txt | 0 | INNOVATIVE HOUSING DEVELOPMENT |
| 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 | 66362 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 69000 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 39997 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -14053 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 25363 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 275436 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 266605 |
| IRS990EZ/GrossReceiptsAmt | 0 | 63643 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 1322 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 205910 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 196130 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 219943 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 204941 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 219943 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 204941 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 29850 |
| 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 | JUDY WORTHINGTON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | FRANK BACON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RICH WARD |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | HELEN RUFFING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | HARRY OLDENBURG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | V. PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY |
| 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 | 3164 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 1475 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -949 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 22483 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 977 |
| 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 | 21347 |
| 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 | 57903 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | MI |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 55493 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 61664 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 77696 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 57903 |
| IRS990EZ/TotalRevenueAmt | 0 | 63643 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt | 0 | LAUNDRY & VENDING 4,935 |
| IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc | 0 | PART II, LINE 10 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 39997 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 40424 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 40628 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51337 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 51287 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 223673 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 1322 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 1304 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 1217 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1026 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1278 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 6147 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 83047 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt | 0 | 977 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 769 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 749 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 1196 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 1244 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 4935 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.95280 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.95150 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 223673 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 39997 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 40424 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 40628 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 51337 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 51287 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 223673 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 234755 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | LAUNDRY & VENDING 977 TOTAL 977 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES SUPPLIES 1,003 TAXES & LICENSES 1,100 MISCELLANEOUS 60 ADMINISTRATIVE FREE UNIT 10,224 RES. RECEIPTS RECAPTURE 316 NON-INVESTMENT DEPRECIATION 9,780 TOTAL 22,483 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | UNREALIZED LOSS ON INVESTMENTS -949 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS RECEIVABLE 0 299 PREPAID EXPENSES AND DEFERRED CHARGES 1,988 0 FURNISHINGS 4,218 4,218 LESS ACCUMULATED DEPRECIATION 4,218 4,218 TENANT SECURITY DEPOSITS 1,176 1,176 TOTAL 3,164 1,475 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,129 9,307 DEFERRED REVENUE 705 382 TENANT SECURITY DEPOSITS 1,176 1,176 RESIDUAL RECEIPTS RECAPTURE 50,483 50,799 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | 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 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | FRANK BACON |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | V. PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 8103854463 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-02-28 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | INDEPENDENCE SQUARE APARTMENTS II |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | INDE |
| ReturnHeader/Filer/EIN | 0 | 383295366 |
| 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 | 1517C359E86B925366C44D63884AC4F98FA10BE1 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 9A27826B17AABC7F807C851B3606131A088CADFB |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 70.88.127.114 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-03-04 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CS |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 11:18:26 |
| 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 | 2019-02-28 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CHRISTINE I LATOUR CPA MST |
| ReturnHeader/ReturnTs | 0 | 2019-03-04T11:18:26-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2018-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-12-31 |
| ReturnHeader/TaxYr | 0 | 2018 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $266,605
- Liabilities
- $61,664
- Net assets
- $204,941
- Revenue
- $63,643
- Expenses
- $77,696
- Net income
- -$14,053