Civic Intelligence

Independence Communities Inc.

990 • Fiscal year 2015 • EIN 55-0809542

Jan 01, 2015 to Dec 31, 2015 • Filed on Apr 29, 2016

Organization ProfileN/A
PO Box 3067Conroe, TX 77305

(936) 521-6100

Siviq Scores

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

Liabilities / Assets

26th percentile

0.01x

Higher debt load relative to assets than 26% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

51st percentile

0.11x

Higher debt load relative to revenue than 51% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

8th percentile

-40%

Higher net margin than 8% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

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

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

34th percentile

-2.5%

Faster asset growth than 34% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

14th percentile

-21%

Faster revenue growth than 14% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets26th percentile

Assets

Down

$1,127,912

Down $28,331 (-2.5%) from 2014

Net Assets

Down

$1,114,728

Down $32,388 (-2.8%) from 2014

Liabilities

Up

$13,184

Up $4,057 (+44%) from 2014

Revenue And Expenses
Liabilities / Revenue51st percentileNet Margin8th percentile

Revenue

Down

$116,007

Down $31,239 (-21%) from 2014

Expenses

Down

$162,714

Down $3,283 (-2.0%) from 2014

Net Income

Down

-$46,707

Down $27,956 (-149%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth34th percentile

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

$1.5M$1.0M$500K$0Assets 2010: $1,297,229Liabilities 2010: $47,960Net Assets 2010: $1,249,2692010Assets 2011: $1,265,365Liabilities 2011: $47,079Net Assets 2011: $1,218,2862011Assets 2012: $1,219,194Liabilities 2012: $40,411Net Assets 2012: $1,178,7832012Assets 2013: $1,193,878Liabilities 2013: $42,143Net Assets 2013: $1,151,7352013Assets 2014: $1,156,243Liabilities 2014: $9,127Net Assets 2014: $1,147,1162014Assets 2015: $1,127,912Liabilities 2015: $13,184Net Assets 2015: $1,114,7282015Assets 2016: $1,099,219Liabilities 2016: $12,312Net Assets 2016: $1,086,9072016Assets 2017: $1,068,403Liabilities 2017: $9,414Net Assets 2017: $1,058,9892017Assets 2018: $1,044,394Liabilities 2018: $7,488Net Assets 2018: $1,036,9062018Assets 2019: $1,027,310Liabilities 2019: $10,713Net Assets 2019: $1,016,5972019Assets 2020: $989,290Liabilities 2020: $50,603Net Assets 2020: $938,6872020Assets 2021: $933,925Liabilities 2021: $12,793Net Assets 2021: $921,1322021Assets 2022: $910,357Liabilities 2022: $20,148Net Assets 2022: $890,2092022Assets 2023: $882,180Liabilities 2023: $21,026Net Assets 2023: $861,1542023Assets 2024: $845,393Liabilities 2024: $14,795Net Assets 2024: $830,5982024Assets 2025: $832,079Liabilities 2025: $19,543Net Assets 2025: $812,5362025

Highlighted filing

2015

Assets$1,127,912
Liabilities$13,184
Net Assets$1,114,728
Open 2015 Filing

Operations Trend

Revenue Growth14th percentile

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

$300K$200K$100K$0-$100KExpenses 2010: $145,4382010Expenses 2011: $150,6512011Expenses 2012: $160,7932012Revenue 2013: $116,386Expenses 2013: $157,837Net Income 2013: -$41,4512013Revenue 2014: $147,246Expenses 2014: $165,997Net Income 2014: -$18,7512014Revenue 2015: $116,007Expenses 2015: $162,714Net Income 2015: -$46,7072015Revenue 2016: $132,108Expenses 2016: $174,558Net Income 2016: -$42,4502016Revenue 2017: $131,108Expenses 2017: $173,758Net Income 2017: -$42,6502017Revenue 2018: $149,880Expenses 2018: $186,697Net Income 2018: -$36,8172018Revenue 2019: $155,886Expenses 2019: $190,929Net Income 2019: -$35,0432019Revenue 2020: $154,644Expenses 2020: $247,289Net Income 2020: -$92,6452020Revenue 2021: $181,174Expenses 2021: $213,477Net Income 2021: -$32,3032021Revenue 2022: $179,135Expenses 2022: $224,723Net Income 2022: -$45,5882022Revenue 2023: $195,551Expenses 2023: $239,397Net Income 2023: -$43,8462023Revenue 2024: $209,403Expenses 2024: $254,672Net Income 2024: -$45,2692024Revenue 2025: $222,373Expenses 2025: $255,134Net Income 2025: -$32,7612025

Highlighted filing

2015

Revenue$116,007
Expenses$162,714
Net Income-$46,707
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Apr 29, 2016
Return Version
2015v2.1
Gross Receipts
$116,007
Mission and Program Overview

Mission

To provide housing facilities for individuals with disabilities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$1,121,801$1,088,660▼ $33,141
Cash and Non-Interest-Bearing Accounts$3,286$9,880▲ $6,594
Savings and Temporary Cash Investments$6,777$7,760▲ $983
Pledges and Grants Receivable$7,526$7,287▼ $239
Prepaid Expenses and Deferred Charges$5,849$6,599▲ $750
Accounts Receivable$1,252$254▼ $998
Total Assets$1,156,243$1,127,912▼ $28,331
Other Assets Total$9,752$7,472▼ $2,280
Liabilities
Other Liabilities$7,250$7,216▼ $34
Accounts Payable and Accrued Expenses$1,382$5,906▲ $4,524
Deferred Revenue$495$62▼ $433
Total Liabilities$9,127$13,184▲ $4,057
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,403,439$1,403,439→ $0
Unrestricted Net Assets$-256,323$-288,711▼ $32,388
Total Net Assets Fund Balance$1,147,116$1,114,728▼ $32,388
Total Liabilities and Net Assets / Fund Balance$1,156,243$1,127,912▼ $28,331

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$965,662$325,992$1,291,654
Land$114,948-$114,948
Other Land Buildings$8,050$3,050$11,100
Equipment-$10,944$10,944
Compensation and Service Providers
Top Officer Pay35th percentile

Board Members and Trustees

NameTitle
Leonard PeckPresident &
M Lee MurrahDirector
Morris JohnsonSec/tres & D
Barbara DurenVP and Direc
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$115,992
Investment Income
$15
Other Revenue
$0
Change in Net Assets
$-46,707

Audited Revenue Reconciliation

Revenue per Audited Statements
$116,007
Total Revenue per Audited Statements
$116,007
Total Revenue per Form 990
$116,007
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$123,133
Salaries, Compensation, and Employee Benefits$39,581
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$47,459--$47,459
Occupancy$34,047--$34,047
Other Salaries and Wages$33,071--$33,071
Insurance$10,967--$10,967
Fees for Services Management-$9,380-$9,380
Fees for Services Accounting-$8,987-$8,987
Office Expenses$6,031--$6,031
Other Employee Benefits$3,898--$3,898
Payroll Taxes$2,612--$2,612
Conferences and Meetings$1,392--$1,392
Other Expenses$778--$778
Total Functional Expenses$144,347$18,367$0$162,714

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$162,714
Expenses per Audited Statements$148,395
Total Expenses per Audited Statements$148,395
Expenses Not Reported on Financial Statements$14,319
Other Expense Adjustments$14,319
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
Insurance Payable$4,256
Tenant Security Deposits$2,960
Accrued Management Fee Payable-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

“The property is managed by mcdougal property management, llc under a contract approved by the board of directors and hud.”

Form 990, Page 6, Part VI, Line 11B

“A pdf copy of the tax return is provided to the board of directors for their review before the return is filed.”

Form 990, Page 6, Part VI, Line 12C

“The board reviews all major contracts and transactions. The management company would advise the board about any contract or transaction with a related party at the board meeting. No such transaction occurred in this fiscal year.”

Form 990, Page 6, Part VI, Line 19

“The documents are provided to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Independence Communities Inc
EIN
55-0809542
Phone
9365216100
Address
PO BOX 3067, CONROE, TX 77305
Doing Business As
Independence Village

Signing Officer

Name
Leonard Peck
Title
President & Director
Phone
9365216106
Signed
2016-04-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Leonard Peck
Formed
2002
Legal Domicile
TX
Voting Board Members
4
Independent Board Members
4
Employees
2

Preparer

Firm
Carlos Taboada & Company Pc
Address
1001 S DAIRY ASHFORD STE 370, HOUSTON, TX 77077-2333
Preparer
Carlos Taboada
Phone
2816063011
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Book / tax depreciation difference 14,319 total 14,319”

Financial Statement Notes

Schedule D, Page 4, Part XII, Line 4B

“Book / tax depreciation difference 14,319”

Raw XML Appendix368 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01382
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt05906
IRS990/AccountsReceivableGrp/BOYAmt01252
IRS990/AccountsReceivableGrp/EOYAmt0254
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO PROVIDE HOUSING FACILITIES FOR INDIVIDUALS WITH DISABILITIES.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0EVAN ROBERSON
IRS990/BooksInCareOfDetail/PhoneNum09365216100
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 3067
IRS990/BooksInCareOfDetail/USAddress/CityNm0CONROE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd077305
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt03286
IRS990/CashNonInterestBearingGrp/EOYAmt09880
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt01392
IRS990/ConferencesMeetingsGrp/TotalAmt01392
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt015
IRS990/CYOtherExpensesAmt0123133
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0115992
IRS990/CYRevenuesLessExpensesAmt0-46707
IRS990/CYSalariesCompEmpBnftPaidAmt039581
IRS990/CYTotalExpensesAmt0162714
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0116007
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/BOYAmt0495
IRS990/DeferredRevenueGrp/EOYAmt062
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/DepreciationDepletionGrp/ProgramServicesAmt047459
IRS990/DepreciationDepletionGrp/TotalAmt047459
IRS990/Desc0PROVIDE HOUSING FACILITIES FOR INDIVIDUALS WITH DISABILITIES. THE HOUSING FACILITY IS A 15 UNIT APARTMENT PROJECT IN HUNTSVILLE, TEXAS.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DoingBusinessAsName/BusinessNameLine1Txt0INDEPENDENCE VILLAGE
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt02
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt0144347
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditPerformedInd0true
IRS990/FederalGrantAuditRequiredInd0true
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt08987
IRS990/FeesForServicesAccountingGrp/TotalAmt08987
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt09380
IRS990/FeesForServicesManagementGrp/TotalAmt09380
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form1098CFiledInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form8899Filedind0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt01.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt21.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt31.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/PersonNm0LEONARD PECK
IRS990/Form990PartVIISectionAGrp/PersonNm1BARBARA DUREN
IRS990/Form990PartVIISectionAGrp/PersonNm2MORRIS JOHNSON
IRS990/Form990PartVIISectionAGrp/PersonNm3M LEE MURRAH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT &
IRS990/Form990PartVIISectionAGrp/TitleTxt1VP AND DIREC
IRS990/Form990PartVIISectionAGrp/TitleTxt2SEC/TRES & D
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt04
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0116007
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt04
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt010967
IRS990/InsuranceGrp/TotalAmt010967
IRS990/InvestmentIncomeGrp/ExclusionAmt015
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt015
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt04
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0339986
IRS990/LandBldgEquipBasisNetGrp/BOYAmt01121801
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01088660
IRS990/LandBldgEquipCostOrOtherBssAmt01428646
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO PROVIDE HOUSING FACILITIES FOR INDIVIDUALS WITH DISABILITIES.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01147116
IRS990/NetAssetsOrFundBalancesEOYAmt01114728
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt034047
IRS990/OccupancyGrp/TotalAmt034047
IRS990/OfficeExpensesGrp/ProgramServicesAmt06031
IRS990/OfficeExpensesGrp/TotalAmt06031
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt09752
IRS990/OtherAssetsTotalGrp/EOYAmt07472
IRS990/OtherChangesInNetAssetsAmt014319
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03898
IRS990/OtherEmployeeBenefitsGrp/TotalAmt03898
IRS990/OtherExpensesGrp/Desc0RESIDENT ACTIVITIES
IRS990/OtherExpensesGrp/Desc1BANK FEES & OTHER
IRS990/OtherExpensesGrp/ProgramServicesAmt04092
IRS990/OtherExpensesGrp/ProgramServicesAmt1778
IRS990/OtherExpensesGrp/TotalAmt04092
IRS990/OtherExpensesGrp/TotalAmt1778
IRS990/OtherLiabilitiesGrp/BOYAmt07250
IRS990/OtherLiabilitiesGrp/EOYAmt07216
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt033071
IRS990/OtherSalariesAndWagesGrp/TotalAmt033071
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ProgramServicesAmt02612
IRS990/PayrollTaxesGrp/TotalAmt02612
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt07526
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt07287
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05849
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt06599
IRS990/PrincipalOfficerNm0LEONARD PECK
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/Desc0HUD RENTAL ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1TENANT RENT AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt087460
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt128532
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt087460
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt128532
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt033236
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt012
IRS990/PYOtherExpensesAmt0120601
IRS990/PYProgramServiceRevenueAmt0113998
IRS990/PYRevenuesLessExpensesAmt0-18751
IRS990/PYSalariesCompEmpBnftPaidAmt045396
IRS990/PYTotalExpensesAmt0165997
IRS990/PYTotalRevenueAmt0147246
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-46707
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0115992
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06777
IRS990/SavingsAndTempCashInvstGrp/EOYAmt07760
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt033236
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt033236
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt015
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt070
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0115992
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0113998
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0116373
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0107137
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0106556
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0560056
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt015
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt016
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt014
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt070
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct00.99980
IRS990ScheduleA/PublicSupportTotal509Amt0593292
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0115992
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0147234
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0116373
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0107137
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0106556
IRS990ScheduleA/Total509Grp/TotalAmt0593292
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0116007
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0147246
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0116386
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0107153
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0106570
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0593362
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0965662
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0325992
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01291654
IRS990ScheduleD/EquipmentGrp/DepreciationAmt010944
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt010944
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt014319
IRS990ScheduleD/ExpensesSubtotalAmt0148395
IRS990ScheduleD/LandGrp/BookValueAmt0114948
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0114948
IRS990ScheduleD/OtherExpensesNotIncludedAmt014319
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt08050
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt03050
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt011100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt04256
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt12960
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INSURANCE PAYABLE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2ACCRUED MANAGEMENT FEE PAYABLE
IRS990ScheduleD/RevenueSubtotalAmt0116007
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK / TAX DEPRECIATION DIFFERENCE 14,319
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XII, LINE 4B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01088660
IRS990ScheduleD/TotalExpensesPerForm990Amt0162714
IRS990ScheduleD/TotalLiabilityAmt07216
IRS990ScheduleD/TotalRevenuePerForm990Amt0116007
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0116007
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0148395
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROPERTY IS MANAGED BY MCDOUGAL PROPERTY MANAGEMENT, LLC UNDER A CONTRACT APPROVED BY THE BOARD OF DIRECTORS AND HUD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A PDF COPY OF THE TAX RETURN IS PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW BEFORE THE RETURN IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS ALL MAJOR CONTRACTS AND TRANSACTIONS. THE MANAGEMENT COMPANY WOULD ADVISE THE BOARD ABOUT ANY CONTRACT OR TRANSACTION WITH A RELATED PARTY AT THE BOARD MEETING. NO SUCH TRANSACTION OCCURRED IN THIS FISCAL YEAR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE DOCUMENTS ARE PROVIDED TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BOOK / TAX DEPRECIATION DIFFERENCE 14,319 TOTAL 14,319
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01403439
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt01403439
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01156243
IRS990/TotalAssetsEOYAmt01127912
IRS990/TotalAssetsGrp/BOYAmt01156243
IRS990/TotalAssetsGrp/EOYAmt01127912
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt018367
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0144347
IRS990/TotalFunctionalExpensesGrp/TotalAmt0162714
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt09127
IRS990/TotalLiabilitiesEOYAmt013184
IRS990/TotalLiabilitiesGrp/BOYAmt09127
IRS990/TotalLiabilitiesGrp/EOYAmt013184
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01147116
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01114728
IRS990/TotalProgramServiceExpensesAmt0144347
IRS990/TotalProgramServiceRevenueAmt0115992
IRS990/TotalRevenueGrp/ExclusionAmt015
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0115992
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0116007
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01156243
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01127912
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt0-256323
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0-288711
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt04
IRS990/VotingMembersIndependentCnt04
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-09-27 15:27:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0LEONARD PECK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT & DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09365216106
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-04-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INDEPENDENCE COMMUNITIES INC
ReturnHeader/Filer/BusinessNameControlTxt0INDE
ReturnHeader/Filer/EIN0550809542
ReturnHeader/Filer/PhoneNum09365216100
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 3067
ReturnHeader/Filer/USAddress/CityNm0CONROE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077305
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0452609906
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CARLOS TABOADA & COMPANY PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01001 S DAIRY ASHFORD STE 370
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0HOUSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0770772333
ReturnHeader/PreparerPersonGrp/PhoneNum02816063011
ReturnHeader/PreparerPersonGrp/PreparationDt02016-04-29
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CARLOS TABOADA
ReturnHeader/ReturnTs02016-04-29T14:22:03-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,127,912
Liabilities
$13,184
Net assets
$1,114,728
Revenue
$116,007
Expenses
$162,714
Net income
-$46,707
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.83$0.02$0.81$0.22$0.26$0.03
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.01$0.83$0.21$0.25$0.05
2023Detailed filing. Detailed filing data is available for this year.$0.88$0.02$0.86$0.20$0.24$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.91$0.02$0.89$0.18$0.22$0.05
2021Detailed filing. Detailed filing data is available for this year.$0.93$0.01$0.92$0.18$0.21$0.03
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.05$0.94$0.15$0.25$0.09
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.01$1.02$0.16$0.19$0.04
2018Detailed filing. Detailed filing data is available for this year.$1.04$0.01$1.04$0.15$0.19$0.04
2017Detailed filing. Detailed filing data is available for this year.$1.07$0.01$1.06$0.13$0.17$0.04
2016Detailed filing. Detailed filing data is available for this year.$1.10$0.01$1.09$0.13$0.17$0.04
2015Detailed filing. Detailed filing data is available for this year.$1.13$0.01$1.11$0.12$0.16$0.05
2014Detailed filing. Detailed filing data is available for this year.$1.16$0.01$1.15$0.15$0.17$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.19$0.04$1.15$0.12$0.16$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.04$1.18$0.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.27$0.05$1.22$0.15
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.30$0.05$1.25$0.15