Independence Square Apartments II Inc

990EZ • Fiscal year 2013 • EIN 38-3295366

Jan 01, 2013 to Dec 31, 2013 • Filed on Apr 02, 2014

Organization Profile N/A

3051 Commerce DriveRoom/Suite Ste 5Fort Gratiot, MI 48059

(810) 385-4463

Siviq Scores

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

0.01x

Higher debt load relative to assets than 61% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

0.05x

Higher debt load relative to revenue than 75% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-7.8%

Higher net margin than 26% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Higher top officer pay than 73% of similar nonprofits.

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

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

-3.9%

Faster asset growth than 37% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

-1.7%

Faster revenue growth than 44% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2013

Balance Sheet

Liabilities / Assets61st percentile

Assets

Down

$313,836

Down $12,796 (-3.9%) from 2012

Net Assets

Down

$311,150

Down $7,323 (-2.3%) from 2012

Liabilities

Down

$2,686

Down $5,473 (-67%) from 2012

Revenue And Expenses

Liabilities / Revenue75th percentile Net Margin26th percentile

Revenue

Down

$58,692

Down $1,035 (-1.7%) from 2012

Expenses

Down

$63,294

Down $4,816 (-7.1%) from 2012

Net Income

-$4,602

Up $3,781 (+45%) from 2012

Historical Trend

Balance Sheet Trend

Asset Growth37th percentile

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

Highlighted filing

2013

Assets$313,836

Liabilities$2,686

Net Assets$311,150

Open 2013 Filing

Operations Trend

Revenue Growth44th percentile

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

Highlighted filing

2013

Revenue$58,692

Expenses$63,294

Net Income-$4,602

Open 2013 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2013 to Dec 31, 2013
Signed: Apr 2, 2014
Return Version: 2013v3.1
Gross Receipts: $58,692

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 low income, handicapped housing through h.u.d. Contracts

Program Services

Description	Grants	Expenses
TO PROVIDE HOUSING TO LOW INCOME, HANDICAPPED ADULT INDIVIDUALS THRU A CONTRACT WITH H.U.D. (5 TENANTS)	-	$31,949

Compensation and Service Providers

Top Officer Pay73rd percentile

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

EIN: 38-3295366
Phone: 8103854463

Signing Officer

Name: Helen Ruffing
Title: Secretary
Phone: 8103854463
Signed: 2014-04-02
Discuss with paid preparer: Yes

Preparer

Preparer: Christine I Latour CPA Mst
Phone: 8109843829

Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Laundry & vending 1,488 total 1,488”

Form 990-ez, Part I, Line 16

“Expenses supplies 1,006 insurance 2,199 management fee 3,240 mgr./super free rent 9,360 contracts 12,411 taxes & licenses 1,648 miscellaneous 812 resident manager expense 4,800 contract wages and expens 4,712 non-investment depreciation 9,780 total 49,968”

Form 990-ez, Part I, Line 20

“Unrealized loss on investments -2,721”

Form 990-ez, Part II, Line 24

“Grants receivable 3,041 0 accounts receivable 532 528 prepaid expenses and deferred charges 0 2,634 tenant security deposits 1,037 1,115 restricted deposits/replacement 15,339 16,330 restricted deposits/residual 47,815 46,784 total 67,764 67,391”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 7,084 1,358 deferred revenue 38 213 tenant security deposits 1,037 1,115”

Form 990-ez, Part III

“To provide low income, handicapped housing through h.u.d. Contracts”

Raw XML Appendix169 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
CompensationExplanation/CompensationExplanationGrp/PersonNm	0	JUDY WORTHINGTON
CompensationExplanation/CompensationExplanationGrp/PersonNm	1	FRANK BACON
CompensationExplanation/CompensationExplanationGrp/PersonNm	2	RICH WARD
CompensationExplanation/CompensationExplanationGrp/PersonNm	3	HELEN RUFFING
CompensationExplanation/CompensationExplanationGrp/PersonNm	4	HARRY OLDENBURG
IRS990EZ/ActivitiesNotPreviouslyRptInd	0	false
IRS990EZ/BooksInCareOfDetail/PersonNm	0	RENAE KIEHLER
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	8103854463
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1	0	3051 COMMERCE DR SUITE 5
IRS990EZ/BooksInCareOfDetail/USAddress/City	0	FORT GRATIOT
IRS990EZ/BooksInCareOfDetail/USAddress/State	0	MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCode	0	48059
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	4060
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	1417
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/ContributionsGiftsGrantsEtcAmt	0	45940
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-4602
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	8227
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	326632
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	313836
IRS990EZ/GainOrLossFromSaleOfAssetsAmt	0	371
IRS990EZ/GrossReceiptsAmt	0	58692
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	1056
IRS990EZ/LandAndBuildingsGrp/BOYAmt	0	254808
IRS990EZ/LandAndBuildingsGrp/EOYAmt	0	245028
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingAccrualInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	318473
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	311150
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	318473
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	311150
IRS990EZ/OccupancyRentUtltsAndMaintAmt	0	5099
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	3	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	4	1.00
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	67764
IRS990EZ/OtherAssetsTotalDetail/EOYAmt	0	67391
IRS990EZ/OtherChangesInNetAssetsAmt	0	-2721
IRS990EZ/OtherExpensesTotalAmt	0	49968
IRS990EZ/OtherRevenueTotalAmt	0	1488
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	TO PROVIDE LOW INCOME, HANDICAPPED HOUSING THROUGH H.U.D. CONTRACTS
IRS990EZ/ProgramServiceRevenueAmt	0	9837
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt	0	TO PROVIDE HOUSING TO LOW INCOME, HANDICAPPED ADULT INDIVIDUALS THRU A CONTRACT WITH H.U.D. (5 TENANTS)
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	31949
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/SaleOfAssetsGrossAmt	0	371
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	MI
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt	0	8159
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt	0	2686
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	63294
IRS990EZ/TotalProgramServiceExpensesAmt	0	31949
IRS990EZ/TotalRevenueAmt	0	58692
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/Form990ScheduleAPartIVGrp/ExplanationTxt	0	LAUNDRY & VENDING 11,007
IRS990ScheduleA/Form990ScheduleAPartIVGrp/FormAndLineReferenceDesc	0	PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt	0	45940
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt	0	46715
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt	0	37692
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt	0	36911
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt	0	33463
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt	0	200721
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt	0	1427
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt	0	1613
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	4047
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	4690
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	3643
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt	0	15420
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt	0	71495
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt	0	1488
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt	0	1954
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt	0	2296
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt	0	2194
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt	0	3075
IRS990ScheduleA/OtherIncome170Grp/TotalAmt	0	11007
IRS990ScheduleA/PublicOrganization170Ind	0	X
IRS990ScheduleA/PublicSupportCY170Pct	0	0.88370
IRS990ScheduleA/PublicSupportPY170Pct	0	0.65070
IRS990ScheduleA/PublicSupportTotal170Amt	0	200721
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind	0	X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt	0	45940
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt	0	46715
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt	0	37692
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt	0	36911
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt	0	33463
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt	0	200721
IRS990ScheduleA/TotalSupportAmt	0	227148
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	LAUNDRY & VENDING 1,488 TOTAL 1,488
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	EXPENSES SUPPLIES 1,006 INSURANCE 2,199 MANAGEMENT FEE 3,240 MGR./SUPER FREE RENT 9,360 CONTRACTS 12,411 TAXES & LICENSES 1,648 MISCELLANEOUS 812 RESIDENT MANAGER EXPENSE 4,800 CONTRACT WAGES AND EXPENS 4,712 NON-INVESTMENT DEPRECIATION 9,780 TOTAL 49,968
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	UNREALIZED LOSS ON INVESTMENTS -2,721
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	3	GRANTS RECEIVABLE 3,041 0 ACCOUNTS RECEIVABLE 532 528 PREPAID EXPENSES AND DEFERRED CHARGES 0 2,634 TENANT SECURITY DEPOSITS 1,037 1,115 RESTRICTED DEPOSITS/REPLACEMENT 15,339 16,330 RESTRICTED DEPOSITS/RESIDUAL 47,815 46,784 TOTAL 67,764 67,391
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	4	ACCOUNTS PAYABLE AND ACCRUED EXPENSES 7,084 1,358 DEFERRED REVENUE 38 213 TENANT SECURITY DEPOSITS 1,037 1,115
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	5	TO PROVIDE LOW INCOME, HANDICAPPED HOUSING THROUGH H.U.D. CONTRACTS
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	2015-11-30 17:44:51Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd	0	true
ReturnHeader/BusinessOfficerGrp/PersonNm	0	HELEN RUFFING
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	SECRETARY
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	8103854463
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2014-04-02
ReturnHeader/Filer/BusinessName/BusinessNameLine1	0	INDEPENDENCE SQUARE APARTMENTS II
ReturnHeader/Filer/BusinessName/BusinessNameLine2	0	INC
ReturnHeader/Filer/BusinessNameControlTxt	0	INDE
ReturnHeader/Filer/EIN	0	383295366
ReturnHeader/Filer/PhoneNum	0	8103854463
ReturnHeader/Filer/USAddress/AddressLine1	0	3051 COMMERCE DRIVE
ReturnHeader/Filer/USAddress/AddressLine2	0	ROOM/SUITE STE 5
ReturnHeader/Filer/USAddress/City	0	FORT GRATIOT
ReturnHeader/Filer/USAddress/State	0	MI
ReturnHeader/Filer/USAddress/ZIPCode	0	48059
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1	0	STEWART BEAUVAIS & WHIPPLE PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1	0	1979 HOLLAND AVE SUITE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/City	0	PORT HURON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/State	0	MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCode	0	480608639
ReturnHeader/PreparerPersonGrp/PhoneNum	0	8109843829
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2014-04-02
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	CHRISTINE I LATOUR CPA MST
ReturnHeader/ReturnTs	0	2014-05-12T12:11:34-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2013-01-01
ReturnHeader/TaxPeriodEndDt	0	2013-12-31
ReturnHeader/TaxYr	0	2013

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $313,836
Liabilities: $2,686
Net assets: $311,150
Revenue: $58,692
Expenses: $63,294
Net income: -$4,602

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2025Detailed filing. Detailed filing data is available for this year.	$1.67	$0.11	$1.56	$0.67	$0.74	$0.07
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.71	$0.08	$1.63	$0.69	$0.74	$0.04
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.76	$0.09	$1.67	$0.83	$0.92	$0.10
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$1.85	$0.08	$1.77	$0.80	$0.90	$0.10
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.00	$0.11	$1.89	$1.08	$1.10	$0.02
2020Import issue. A filing source exists for this year, but detailed import did not complete cleanly.	$2.27	$0.34	$1.93	$0.73	$0.76	$0.03
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.38	$0.43	$1.95	$0.79	$0.90	$0.11
2018Detailed filing. Detailed filing data is available for this year.	$2.67	$0.62	$2.05	$0.64	$0.78	$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.75	$0.55	$2.20	$0.63	$0.71	$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$2.86	$0.59	$2.27	$0.64	$0.75	$0.12
2015Detailed filing. Detailed filing data is available for this year.	$2.90	$0.51	$2.40	$0.64	$1.21	$0.58
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$3.07	$0.09	$2.98	$0.64	$0.79	$0.15
2013Detailed filing. Detailed filing data is available for this year.	$3.14	$0.03	$3.11	$0.59	$0.63	$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.27	$0.08	$3.18	$0.60	$0.68	$0.08
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.36	$0.10	$3.27	$0.63	$0.66	$0.03
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$3.37	$0.06	$3.30	$0.61	$0.63	$0.02