Civic Intelligence

Storey Lane Independent Living Inc.

EIN 75-2458006 • 501(c)3 • Ponder, TX

Pub. 78 Eligible

Profile

To provide a safe residential environment,

PO Box 608Ponder, TX 76259

slildallas.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

45th percentile

0.04x

Higher debt load relative to assets than 45% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

70th percentile

0.24x

Higher debt load relative to revenue than 70% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

21st percentile

-11%

Higher net margin than 21% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

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

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

35th percentile

-1.1%

Faster asset growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

27%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,177,754

Down $13,626 (-1.1%) from 2023

Liabilities

Up

$49,017

Up $13,778 (+39%) from 2023

Net Assets

Down

$1,128,737

Down $27,404 (-2.4%) from 2023

Revenue

Up

$203,563

Up $43,858 (+27%) from 2023

Expenses

Up

$226,473

Up $43,153 (+24%) from 2023

Net Income

Up

-$22,910

Up $705 (+3.0%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $634,662Liabilities 2010: $1,105Net Assets 2010: $633,5572010Assets 2011: $682,819Liabilities 2011: $6,620Net Assets 2011: $676,1992011Assets 2012: $715,686Liabilities 2012: $4,779Net Assets 2012: $710,9072012Assets 2013: $719,820Liabilities 2013: $2,216Net Assets 2013: $717,6042013Assets 2014: $754,217Liabilities 2014: $36,779Net Assets 2014: $717,4382014Assets 2015: $1,070,048Liabilities 2015: $372,042Net Assets 2015: $698,0062015Assets 2016: $1,049,593Liabilities 2016: $361,058Net Assets 2016: $688,5352016Assets 2017: $1,047,626Liabilities 2017: $345,742Net Assets 2017: $701,8842017Assets 2018: $1,024,907Liabilities 2018: $336,879Net Assets 2018: $688,0282018Assets 2019: $1,032,579Liabilities 2019: $319,267Net Assets 2019: $713,3122019Assets 2020: $1,025,191Liabilities 2020: $325,163Net Assets 2020: $700,0282020Assets 2021: $986,699Liabilities 2021: $312,262Net Assets 2021: $674,4372021Assets 2022: $1,180,530Liabilities 2022: $17,806Net Assets 2022: $1,162,7242022Assets 2023: $1,191,380Liabilities 2023: $35,239Net Assets 2023: $1,156,1412023Assets 2024: $1,177,754Liabilities 2024: $49,017Net Assets 2024: $1,128,7372024

Highlighted filing

2024

Assets$1,177,754
Liabilities$49,017
Net Assets$1,128,737

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0-$200KExpenses 2010: $98,6102010Expenses 2011: $96,3672011Expenses 2012: $106,5552012Revenue 2013: $111,858Expenses 2013: $100,904Net Income 2013: $10,9542013Revenue 2014: $193,526Expenses 2014: $193,692Net Income 2014: -$1662014Revenue 2015: $120,404Expenses 2015: $115,092Net Income 2015: $5,3122015Revenue 2016: $116,695Expenses 2016: $134,204Net Income 2016: -$17,5092016Revenue 2017: $155,037Expenses 2017: $153,075Net Income 2017: $1,9622017Revenue 2018: $158,233Expenses 2018: $149,296Net Income 2018: $8,9372018Revenue 2019: $185,125Expenses 2019: $185,949Net Income 2019: -$8242019Revenue 2020: $148,234Expenses 2020: $167,298Net Income 2020: -$19,0642020Revenue 2021: $171,838Expenses 2021: $192,386Net Income 2021: -$20,5482021Revenue 2022: $727,111Expenses 2022: $176,975Net Income 2022: $550,1362022Revenue 2023: $159,705Expenses 2023: $183,320Net Income 2023: -$23,6152023Revenue 2024: $203,563Expenses 2024: $226,473Net Income 2024: -$22,9102024

Highlighted filing

2024

Revenue$203,563
Expenses$226,473
Net Income-$22,910

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.05$1.13$0.20$0.23$0.02
2023Detailed filing. Detailed filing data is available for this year.$1.19$0.04$1.16$0.16$0.18$0.02
2022Detailed filing. Detailed filing data is available for this year.$1.18$0.02$1.16$0.73$0.18$0.55
2021Detailed filing. Detailed filing data is available for this year.$0.99$0.31$0.67$0.17$0.19$0.02
2020Detailed filing. Detailed filing data is available for this year.$1.03$0.33$0.70$0.15$0.17$0.02
2019Detailed filing. Detailed filing data is available for this year.$1.03$0.32$0.71$0.19$0.19$0.00
2018Detailed filing. Detailed filing data is available for this year.$1.02$0.34$0.69$0.16$0.15$0.01
2017Detailed filing. Detailed filing data is available for this year.$1.05$0.35$0.70$0.16$0.15$0.00
2016Detailed filing. Detailed filing data is available for this year.$1.05$0.36$0.69$0.12$0.13$0.02
2015Detailed filing. Detailed filing data is available for this year.$1.07$0.37$0.70$0.12$0.12$0.01
2014Detailed filing. Detailed filing data is available for this year.$0.75$0.04$0.72$0.19$0.19$0.00
2013Detailed filing. Detailed filing data is available for this year.$0.72$0.00$0.72$0.11$0.10$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.72$0.00$0.71$0.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.68$0.01$0.68$0.10
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.63$0.00$0.63$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 20, 2025
Return Version
2024v5.2
Gross Receipts
$207,500
Mission and Program Overview

Mission

To provide a safe residential environment,

To provide a safe residential environment, lifetime training, supported living, supervision and transportation for adults with cognitive disabilities, thereby allowing them to maintain independence

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$483,799$560,311▲ $76,512
Investments in Publicly Traded Securities$547,016$408,412▼ $138,604
Land, Buildings, and Equipment, Net$113,093$165,244▲ $52,151
Other Notes and Loans Receivable, Net$43,593$39,908▼ $3,685
Cash and Non-Interest-Bearing Accounts$3,417$3,417→ $0
Prepaid Expenses and Deferred Charges$260$260→ $0
Total Assets$1,191,380$1,177,754▼ $13,626
Other Assets Total$202$202→ $0
Liabilities
Other Liabilities$35,239$49,017▲ $13,778
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Total Liabilities$35,239$49,017▲ $13,778
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,123,187$1,080,734▼ $42,453
Net Assets With Donor Restrictions$32,954$48,003▲ $15,049
Total Net Assets Fund Balance$1,156,141$1,128,737▼ $27,404
Total Liabilities and Net Assets / Fund Balance$1,191,380$1,177,754▼ $13,626

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$13,999$65,744$79,743
Buildings$151,245--
Land$0-$0
Compensation and Service Providers

Board Members and Trustees

NameTitle
Albert OstermannPresident
Dean HarkinsV. President
James RobertsBoard Member
Michael MilamBoard Member
Sarah CauseyExecutive Director
Greg CromerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$142,997
Program Service Revenue
$0
Investment Income
$55,743
Other Revenue
$4,823
All Other Contributions
$142,997
Change in Net Assets
$-22,910
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,516
Salaries, Compensation, and Employee Benefits$91,697
Total Fundraising Expense$12,342
Professional Fundraising Fees$10,260
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$77,378$0$0$77,378
Occupancy$44,080$0$0$44,080
Fees for Services Accounting$0$18,825$0$18,825
Fees for Services Management$0$12,204$0$12,204
Fees for Services Professional Fundraising--$10,260$10,260
Depreciation Depletion$10,052$0$0$10,052
Other Employee Benefits$8,400$0$0$8,400
Payroll Taxes$5,919$0$0$5,919
All Other Expenses$4,014$104$0$4,118
Insurance$1,741$1,455$0$3,196
Fees for Service Investment Mgmnt Fees$0$0$2,082$2,082
Office Expenses$1,206$37$0$1,243
Other Expenses$25$0$0$25
Total Functional Expenses$181,506$32,625$12,342$226,473
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$10,260
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Donor Designated Amounts Received$48,003
Payroll Tax Payable$1,014
New Vehicle Tax, Title & Licenses$0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Storey Lane Independent Living Inc
EIN
75-2458006
Phone
9726447645
Address
PO BOX 608, PONDER, TX 76259

Signing Officer

Name
Albert Ostermann
Title
President
Phone
9726447645
Signed
2025-10-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Albert Ostermann
Formed
1992
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
25

Preparer

Firm
Tom D Dearing Pc
Address
PO Box 608, Ponder, TX 76259
Preparer
Tom D Dearing CPA
Phone
9726447645
Supplemental Narrative

Additional Explanations

Pt VI, Line 7B

Tom d. Dearing, cpa performs all accounting and payroll functions for the organization.

Pt VI, Line 3

Association for independent living provides a management consultant that provides operational direction for the organization.

Pt VI, Line 7A

The organizations board is comprised of individuals who have a interest in the services provided to the public. There is no ownership in the organization.

Pt VI, Line 7B

The organizations board is subject to the parents and guardians of the individuals served. The parents and guardians elect the board and monitor the decisions made by the board to ensure that they meet the needs of the individuals served.

Pt VI, Line 8A

Minutes and agenda notes are kept by the board secretary for all board meetings.

Pt VI, Line 8B

Agenda notes are kept by the committee secretary for all committee meetings.

Pt VI, Line 11B

Form 990 is distributed to the governing board via electronic file (pdf) for review. Questions or comments are communicated to the treasurer for explanation. Once all are satisfied, the form 990 is electronically filed by the organizations cpa.

Pt VI, Line 12C

The conflict of interest statements are completed by each officer, board member and executive director annually. Conflict issues which may come up are discussed by the board when they arise. If the issue is in fact a conflict, the board member, executive director or officer removes themselves from the decision-making for that topic, then re-joins when the topic is settled. Each member is responsible for monitoring themselves and monitoring their fellow members at all times.

Pt VI, Line 15A

The board makes all decisions concerning compensation paid to all employees, consultants and contractors. Compensation information is compiled, compared with salaries of staff with simalar organizations and outside consultants.

Pt VI, Line 15B

The board makes all decisions concerning compensation paid to all employees, consultants and contractors. Compensation information is compiled, compared with salaries of staff with simalar organizations and outside consultants.

Pt VI, Line 18

All organizational documents, including financial statements and tax returns are available upon request. Both verbal and written request are acceptable.

Pt VI, Line 19

All organizational documents, including financial statements and tax returns are available upon request. Both verbal and written request are acceptable.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm0ALBERT OSTERMANN
IRS990/Form990PartVIISectionAGrp/PersonNm1DEAN HARKINS
IRS990/Form990PartVIISectionAGrp/PersonNm2GREG CROMER
IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL MILAM
IRS990/Form990PartVIISectionAGrp/PersonNm4JAMES ROBERTS
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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1V. PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DONOR DESIGNATED AMOUNTS RECEIVED
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1NEW VEHICLE TAX, TITLE & LICENSES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL TAX PAYABLE
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TOM D. DEARING, CPA PERFORMS ALL ACCOUNTING AND PAYROLL FUNCTIONS FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ASSOCIATION FOR INDEPENDENT LIVING PROVIDES A MANAGEMENT CONSULTANT THAT PROVIDES OPERATIONAL DIRECTION FOR THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATIONS BOARD IS COMPRISED OF INDIVIDUALS WHO HAVE A INTEREST IN THE SERVICES PROVIDED TO THE PUBLIC. THERE IS NO OWNERSHIP IN THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS BOARD IS SUBJECT TO THE PARENTS AND GUARDIANS OF THE INDIVIDUALS SERVED. THE PARENTS AND GUARDIANS ELECT THE BOARD AND MONITOR THE DECISIONS MADE BY THE BOARD TO ENSURE THAT THEY MEET THE NEEDS OF THE INDIVIDUALS SERVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MINUTES AND AGENDA NOTES ARE KEPT BY THE BOARD SECRETARY FOR ALL BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AGENDA NOTES ARE KEPT BY THE COMMITTEE SECRETARY FOR ALL COMMITTEE MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990 IS DISTRIBUTED TO THE GOVERNING BOARD VIA ELECTRONIC FILE (PDF) FOR REVIEW. QUESTIONS OR COMMENTS ARE COMMUNICATED TO THE TREASURER FOR EXPLANATION. ONCE ALL ARE SATISFIED, THE FORM 990 IS ELECTRONICALLY FILED BY THE ORGANIZATIONS CPA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE CONFLICT OF INTEREST STATEMENTS ARE COMPLETED BY EACH OFFICER, BOARD MEMBER AND EXECUTIVE DIRECTOR ANNUALLY. CONFLICT ISSUES WHICH MAY COME UP ARE DISCUSSED BY THE BOARD WHEN THEY ARISE. IF THE ISSUE IS IN FACT A CONFLICT, THE BOARD MEMBER, EXECUTIVE DIRECTOR OR OFFICER REMOVES THEMSELVES FROM THE DECISION-MAKING FOR THAT TOPIC, THEN RE-JOINS WHEN THE TOPIC IS SETTLED. EACH MEMBER IS RESPONSIBLE FOR MONITORING THEMSELVES AND MONITORING THEIR FELLOW MEMBERS AT ALL TIMES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE BOARD MAKES ALL DECISIONS CONCERNING COMPENSATION PAID TO ALL EMPLOYEES, CONSULTANTS AND CONTRACTORS. COMPENSATION INFORMATION IS COMPILED, COMPARED WITH SALARIES OF STAFF WITH SIMALAR ORGANIZATIONS AND OUTSIDE CONSULTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE BOARD MAKES ALL DECISIONS CONCERNING COMPENSATION PAID TO ALL EMPLOYEES, CONSULTANTS AND CONTRACTORS. COMPENSATION INFORMATION IS COMPILED, COMPARED WITH SALARIES OF STAFF WITH SIMALAR ORGANIZATIONS AND OUTSIDE CONSULTANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10ALL ORGANIZATIONAL DOCUMENTS, INCLUDING FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST. BOTH VERBAL AND WRITTEN REQUEST ARE ACCEPTABLE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11ALL ORGANIZATIONAL DOCUMENTS, INCLUDING FINANCIAL STATEMENTS AND TAX RETURNS ARE AVAILABLE UPON REQUEST. BOTH VERBAL AND WRITTEN REQUEST ARE ACCEPTABLE.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Pt VI, Line 19
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