Civic Intelligence

Independence Landing Inc.

990 • Fiscal year 2023 • EIN 82-2792376

Jan 01, 2023 to Dec 31, 2023 • Filed on Apr 07, 2025

3025 School House RdTallahassee, FL 32311-7916

(850) 296-0686

Siviq Scores

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

Liabilities / Assets

43rd percentile

0.04x

Higher debt load relative to assets than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

43rd percentile

0.06x

Higher debt load relative to revenue than 43% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

94th percentile

68%

Higher net margin than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

94th percentile

93%

Faster asset growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

259%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Up

$1,872,208

Up $902,407 (+93%) from 2022

Net Assets

Up

$1,801,306

Up $840,497 (+87%) from 2022

Liabilities

Up

$70,902

Up $61,910 (+689%) from 2022

Revenue

Up

$1,285,839

Up $927,428 (+259%) from 2022

Expenses

Up

$412,060

Up $331,740 (+413%) from 2022

Net Income

Up

$873,779

Up $595,688 (+214%) from 2022

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2018: $270,233Liabilities 2018: $0Net Assets 2018: $270,2332018Assets 2019: $544,978Liabilities 2019: $0Net Assets 2019: $544,9782019Assets 2020: $517,777Liabilities 2020: $0Net Assets 2020: $517,7772020Assets 2021: $682,718Liabilities 2021: $0Net Assets 2021: $682,7182021Assets 2022: $969,801Liabilities 2022: $8,992Net Assets 2022: $960,8092022Assets 2023: $1,872,208Liabilities 2023: $70,902Net Assets 2023: $1,801,3062023Assets 2024: $1,604,650Liabilities 2024: $117,019Net Assets 2024: $1,487,6312024

Highlighted filing

2023

Assets$1,872,208
Liabilities$70,902
Net Assets$1,801,306

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2018: $308,990Expenses 2018: $40,257Net Income 2018: $268,7332018Revenue 2019: $300,062Expenses 2019: $25,317Net Income 2019: $274,7452019Revenue 2020: $38,212Expenses 2020: $65,734Net Income 2020: -$27,5222020Revenue 2021: $212,267Expenses 2021: $47,326Net Income 2021: $164,9412021Revenue 2022: $358,411Expenses 2022: $80,320Net Income 2022: $278,0912022Revenue 2023: $1,285,839Expenses 2023: $412,060Net Income 2023: $873,7792023Revenue 2024: $987,738Expenses 2024: $1,047,284Net Income 2024: -$59,5462024

Highlighted filing

2023

Revenue$1,285,839
Expenses$412,060
Net Income$873,779
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Apr 7, 2025
Return Version
2023v6.0
Gross Receipts
$1,285,839
Mission and Program Overview

Mission

To provide affordable, supportive and safe housing for low and moderate income individuals with a wide range of cognitive abilities in conjunction with social, voactional and employment opportunities that foster maximum independence.

To build, own, and operate an affordable safe, planned residential community for adults with varying intellectual and/or developmental disabilities allowing residents to successfully lead independent and fulfilled lives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities-$911,293-
Intangible Assets-$185,392-
Land, Buildings, and Equipment, Net$0$160,118▲ $160,118
Accounts Receivable$13,000$158,866▲ $145,866
Investments in Publicly Traded Securities-$152,003-
Cash and Non-Interest-Bearing Accounts$790,501$144,629▼ $645,872
Savings and Temporary Cash Investments-$48,645-
Total Assets$969,801$1,872,208▲ $902,407
Other Assets Total$166,300$111,262▼ $55,038
Liabilities
Accounts Payable and Accrued Expenses$8,992$65,902▲ $56,910
Deferred Revenue-$5,000-
Total Liabilities$8,992$70,902▲ $61,910
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$960,809$1,801,306▲ $840,497
Total Net Assets Fund Balance$960,809$1,801,306▲ $840,497
Total Liabilities and Net Assets / Fund Balance$969,801$1,872,208▲ $902,407

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$160,118$8,992$169,110
Other Assets Org$111,262--
Other Securities$-526--
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$374,253
Program Service Revenue
$13,282
Investment Income
$898,304
Other Revenue
$0
All Other Contributions
$111,753
Change in Net Assets
$873,779
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$305,739
Salaries, Compensation, and Employee Benefits$106,321
Total Fundraising Expense$356
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$45,156$42,449-$87,605
Fees for Services Other$18,427$55,653-$74,080
Fees for Services Lobbying$10,249$62,021-$72,270
Office Expenses$12,286$18,712-$30,998
Fees for Services Legal$3,833$23,194-$27,027
Insurance-$14,814-$14,814
Conferences and Meetings$11,497--$11,497
Depreciation Depletion-$8,992-$8,992
Other Employee Benefits$4,338$4,079-$8,417
Occupancy$4,585$3,600-$8,185
Payroll Taxes$3,796$3,568-$7,364
Fees for Services Accounting$872$5,279-$6,151
Advertising$2,050$2,996-$5,046
Information Technology$2,435$1,138-$3,573
Other Expenses$6,933$3,326$356$3,326
Pension Plan Contributions$1,513$1,422-$2,935
Travel-$158-$158
Total Functional Expenses$158,160$253,544$356$412,060
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
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
No
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
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
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The form 990 and accompanying schedules are prepared by an independent accounting firm. A copy of the form 990 and accompanying schedules is reviewed by the board officers. All questions and issues are resolved with the independent accounting firm prior to filing with the internal revenue service center.

Form 990, Part VI, Section B, Line 12C

All officers, board members, and staff members must sign a written conflict of interest policy prior to working with the organization. The signed agreements are reviewed on an annual basis.

Form 990, Part VI, Section C, Line 19

The organization maintains its governing documents, conflict of interest policy, and financial statements for a three year period in its administrative office and these documents are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Independence Landing Inc
EIN
82-2792376
Phone
8502960686
Address
3025 SCHOOL HOUSE RD, TALLAHASSEE, FL 32311-7916

Signing Officer

Name
Brice Barnes
Title
Chair
Phone
8502960686
Signed
2025-04-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brice Barnes
Formed
2018
Legal Domicile
Fl
Voting Board Members
15
Independent Board Members
15
Employees
5
Volunteers
15

Preparer

Firm
James Moore & Co Pl
Address
2477 TIM GAMBLE PLACE SUITE 200, TALLAHASSEE, FL 32308-4386
Preparer
Nadia H Batey
Phone
8503866184
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other legal & professional services: program service expenses 7,402. Management and general expenses 44,794. Fundraising expenses 0. Total expenses 52,196. Contractors: program service expenses 11,025. Management and general expenses 7,641. Fundraising expenses 0. Total expenses 18,666. Property management fees: program service expenses 0. Management and general expenses 3,218. Fundraising expenses 0. Total expenses 3,218.

Financial Statement Notes

PART X, LINE 2:

Pursuant to a determination letter received from the internal revenue service, the company is exempt from federal income tax under section 501(c)(3) of the internal revenue code, except for unrelated business income. The company is liable for tax only on business income unrelated to the purpose for which it is exempt. Independence landing bakery, inc. And redeye capital group, are for-profit corporations and, accordingly, are subject to federal and state income taxes on their earnings. With few exceptions, the company is no longer subject to examination by major tax jurisdictions for years ended december 30, 2020 and prior.

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IRS990/LandBldgEquipBasisNetGrp/EOYAmt0160118
IRS990/LandBldgEquipCostOrOtherBssAmt0169110
IRS990/LegalDomicileStateCd0FL
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO BUILD, OWN, AND OPERATE AN AFFORDABLE SAFE, PLANNED RESIDENTIAL COMMUNITY FOR ADULTS WITH VARYING INTELLECTUAL AND/OR DEVELOPMENTAL DISABILITIES ALLOWING RESIDENTS TO SUCCESSFULLY LEAD INDEPENDENT AND FULFILLED LIVES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0960809
IRS990/NetAssetsOrFundBalancesEOYAmt01801306
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-33274
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0960809
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01801306
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt03600
IRS990/OccupancyGrp/ProgramServicesAmt04585
IRS990/OccupancyGrp/TotalAmt08185
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt018712
IRS990/OfficeExpensesGrp/ProgramServicesAmt012286
IRS990/OfficeExpensesGrp/TotalAmt030998
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0166300
IRS990/OtherAssetsTotalGrp/EOYAmt0111262
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04079
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt04338
IRS990/OtherEmployeeBenefitsGrp/TotalAmt08417
IRS990/OtherExpensesGrp/Desc0INDIRECT EXPENSES
IRS990/OtherExpensesGrp/Desc1RESIDENT SERVICES
IRS990/OtherExpensesGrp/Desc2DONOR APPRECIATION
IRS990/OtherExpensesGrp/FundraisingAmt0356
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02143
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13326
IRS990/OtherExpensesGrp/ProgramServicesAmt030190
IRS990/OtherExpensesGrp/ProgramServicesAmt16933
IRS990/OtherExpensesGrp/TotalAmt032689
IRS990/OtherExpensesGrp/TotalAmt16933
IRS990/OtherExpensesGrp/TotalAmt23326
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt042449
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt045156
IRS990/OtherSalariesAndWagesGrp/TotalAmt087605
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03568
IRS990/PayrollTaxesGrp/ProgramServicesAmt03796
IRS990/PayrollTaxesGrp/TotalAmt07364
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01422
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01513
IRS990/PensionPlanContributionsGrp/TotalAmt02935
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0BRICE BARNES
IRS990/PriorPeriodAdjustmentsAmt0-8
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RESIDENT ASSESSMENTS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt013282
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt013282
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0325912
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0298
IRS990/PYOtherExpensesAmt080320
IRS990/PYOtherRevenueAmt026586
IRS990/PYProgramServiceRevenueAmt05615
IRS990/PYRevenuesLessExpensesAmt0278091
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt080320
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0358411
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0873779
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0909032
IRS990/SavingsAndTempCashInvstGrp/EOYAmt048645
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 14,965.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0374253
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0325912
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0188598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt022446
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0245439
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01156648
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02554
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0298
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0239
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0266
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0200
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03557
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0914647
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt014965
IRS990ScheduleA/OtherIncome170Grp/TotalAmt014965
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.89210
IRS990ScheduleA/PublicSupportPY170Pct00.84780
IRS990ScheduleA/PublicSupportTotal170Amt01142036
IRS990ScheduleA/SubstantialContributorsTotAmt014612
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0374253
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0325912
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0188598
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt022446
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0245439
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01156648
IRS990ScheduleA/TotalSupportAmt01280144
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt026586
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt023430
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt015500
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt039458
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt0104974
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleC/DirectContactLegislatorsInd00
IRS990ScheduleC/GrantsOtherOrganizationsInd00
IRS990ScheduleC/MailingsMembersInd00
IRS990ScheduleC/MediaAdvertisementsInd00
IRS990ScheduleC/NotDescribedSection501c3Ind00
IRS990ScheduleC/OtherActivitiesAmt072270
IRS990ScheduleC/OtherActivitiesInd01
IRS990ScheduleC/PaidStaffOrManagementInd00
IRS990ScheduleC/PublicationsOrBroadcastInd00
IRS990ScheduleC/RalliesDemonstrationsInd00
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0LOBBYING EFFORTS ARE FOCUSED ON SECURING LEGISLATIVE ALLOCATIONS FOR THE ORGANIZATION'S CULINARY TRADING PROGRAM.

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