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Independence 1st Owners Corp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 113359068 ✦ Elmont, NY ✦ Designated as a 501(c)(3)

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Overview

What is Independence 1st Owners Corp?

Independence 1st Owners Corp is a nonprofit organization primarily focused on serving the needs of developmentally disabled individuals living in Queens and its surrounding areas. Established with the mission to offer low-income housing, the corporation also provides essential clinical and family support services to enhance the quality of life for its 7 current residents. By offering residential accommodations and comprehensive support, Independence 1st Owners Corp strives to create an inclusive and nurturing environment for its residents.


Official website here: www.iriny.org

Is Independence 1st Owners Corp legitimate?

Independence 1st Owners Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence 1st Owners Corp submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.iriny.org

What is the mission statement of Independence 1st Owners Corp?

Independence 1st Owners Corp, an organization, was established with the purpose of providing low-income housing and supportive services to individuals with developmental disabilities living in Queens and its vicinity. The corporation offers residential accommodations, alongside clinical and family support services, to enhance the quality of life for its 7 current residents. The mission of Independence 1st Owners Corp is centered around empowering and assisting these individuals in need, aiming to improve their overall well-being.


Official website here: www.iriny.org

Who is the CEO of Independence 1st Owners Corp?

Gilbert Louis is the CEO of Independence 1st Owners Corp The CEO's salary of Independence 1st Owners Corp is $0 and their total compensation is $539,237.


Official website here: www.iriny.org

What is the revenue of Independence 1st Owners Corp?

Independence 1st Owners Corp's revenue in 2024 was $419,699.


Official website here: www.iriny.org

Who are the executives of Independence 1st Owners Corp and what are their salaries?

There 3 volunteers at Independence 1st Owners Corp.

Here are 5 key members and their salaries (Independence 1st Owners Corp's CEO's salary is $0 and their total compensation is $539,237):


Scott Springer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eileen Becker (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Bufano (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gilbert Louis (Ceo)
  • Compensation: $0
  • Related: $457,808
  • Other: $81,429
Todd Pinkus (Cfo)
  • Compensation: $0
  • Related: $218,871
  • Other: $36,969


Official website here: www.iriny.org

Where can I find the form 990 for Independence 1st Owners Corp?

Independence 1st Owners Corp's most recent form 990 was submitted in 2024 and can be accessed here.


Official website here: www.iriny.org

Learn more at the official website: www.iriny.org

Mission Statement of Independence 1st Owners Corp

Independence 1st Owners Corp, as a nonprofit organization, was established with the primary goal of providing affordable housing and essential services to developmentally disabled individuals residing in Queens and its surrounding areas. The organization's mission is multifaceted, encompassing the provision of residential accommodations that cater to the unique needs of its residents. Alongside this, Independence 1st Owners Corp offers clinical and family support services to enhance the overall well-being of its residents. Currently, the organization serves a total of 7 individuals, demonstrating its commitment to improving the lives of those it serves. The mission of Independence 1st Owners Corp is geared towards fostering an inclusive and supportive environment where developmentally disabled individuals can live with dignity and receive the care they require, enabling them to lead fulfilling lives.

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Impact




August, 2024

Independence 1st Owners Corp's impact is significant in providing low-income housing and essential services to developmentally disabled individuals in Queens and its surrounding areas. The organization not only offers residential accommodations but also clinical and family support services for the benefit of its residents. Currently serving 7 consumers, Independence 1st Owners Corp plays a crucial role in enhancing the quality of life for those with developmental disabilities in the community. Their mission to provide much-needed support and care to vulnerable individuals underscores their importance in promoting inclusivity and well-being.




This information is meant to be a general summary of Independence 1st Owners Corp. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$419,699 (2024)
Expenses
$51,967 (2024)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2024.

  • Program Service Revenue: $45,144
  • Gross Receipts: $419,699

Assets and Liabilities:

  • Total Assets: $461,118
  • Total Liabilities: $745,260
  • Net Assets: -$284,142

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HUD RENT SUBSIDY

Revenue

$29,232

RENTAL INCOME

Revenue

$15,912

Organization Details

Principal Officer

Gilbert Louis

NTEE Category

Code: P80 - Human services

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