Overview
What is Independence 2nd Owners Corp?
Independence 2nd Owners Corp is a nonprofit organization situated in Queens Village, New York, specifically at 112-40 Francis Lewis Blvd, 11429. Their primary mission is to provide affordable housing for mentally and developmentally disabled individuals residing in and around Queens. They offer a comprehensive range of services, including clinical, case management, and family support, to enhance the quality of life for their residents. Additionally, early intervention services are also provided to support these individuals. The organization served 7 such consumers, demonstrating its commitment to assisting those in need.
Official website here: www.in-res.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Independence 2nd Owners Corp has earned an overall score of 82%, reflecting solid performance in the Accountability & Finance category. This score is entirely derived from their financial practices and governance, with a perfect score in several areas, including board independence and the absence of asset diversion, indicating a strong commitment to ethical management and transparency.
The organization maintains a fully independent board, consisting of three members, which enhances its governance structure. Key policies such as conflict of interest, whistleblower protections, and document retention are in place, contributing to the organization’s accountability. Furthermore, the program expense ratio stands at 100%, signaling that all funds are directed towards programmatic efforts rather than administrative costs.
However, it is worth noting the significant salary of the Chief Executive Officer, which at $412,056, may raise questions about executive compensation in relation to the organization's overall financial health. While the nonprofit appears to have a robust structure and ethical practices, potential donors may want to consider the implications of high executive salaries on their contributions and overall mission effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Independence 2nd Owners Corp legitimate?
Independence 2nd Owners Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence 2nd Owners Corp submitted a form 990, 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.in-res.org
What is the mission statement of Independence 2nd Owners Corp?
Independence 2nd Owners Corp's mission is centered around providing low-income housing for individuals with mental and developmental disabilities residing in and around Queens. The organization offers a range of services, including clinical care, case management, and family support, aiming to enhance their residents' quality of life. In addition, they provide early intervention services to further support their mission. The primary goal of Independence 2nd Owners Corp is to offer a comprehensive living environment that caters to the unique needs of these individuals. Their services are designed to empower and support their residents, ensuring they can live as independently as possible.
Official website here: www.in-res.org
Who is the CEO of Independence 2nd Owners Corp?
Gilbert Louis is the President of Independence 2nd Owners Corp.
Official website here: www.in-res.org
What is the revenue of Independence 2nd Owners Corp?
Independence 2nd Owners Corp's revenue in 2022 was $49,896.
Official website here: www.in-res.org
Who are the executives of Independence 2nd Owners Corp and what are their salaries?
There 3 volunteers at Independence 2nd Owners Corp.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $378,332
- Other: $68,047
- Compensation: $0
- Related: $188,286
- Other: $30,376
Official website here: www.in-res.org
Where can I find the form 990 for Independence 2nd Owners Corp?
Independence 2nd Owners Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.in-res.org
Learn more at the official website: www.in-res.org
Mission Statement of Independence 2nd Owners Corp
Independence 2nd Owners Corp is a nonprofit organization with a mission to provide low-income housing for mentally and developmentally disabled individuals residing in and around Queens. The organization was established with the primary goal of offering a safe and supportive living environment for these individuals. In addition to housing, Independence 2nd Owners Corp offers a range of services to enhance the quality of life for its residents. These services include clinical care, case management, and family support. The clinical services provide medical and mental health care, while case management helps residents navigate various aspects of their daily lives. Family support services, on the other hand, aim to strengthen the bond between the residents and their families. Furthermore, the organization offers early intervention services to help prevent or mitigate any potential issues that may arise. Overall, Independence 2nd Owners Corp is committed to providing a comprehensive support system for mentally and developmentally disabled individuals, enabling them to lead fulfilling lives.
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Impact
August, 2024
Independence 2nd Owners Corp's impact lies in providing low-income housing to mentally and developmentally disabled individuals residing in and around Queens. Through their residential services, clinical support, case management, and family support services, they significantly improve the quality of life for these vulnerable individuals. By serving 7 consumers, Independence 2nd Owners Corp effectively addresses the critical need for housing and support services within the community, ultimately enhancing the well-being of those they serve.
This information is meant to be a general summary of Independence 2nd 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $49,896
- Gross Receipts: $49,896
Assets and Liabilities:
- Total Assets: $648,601
- Total Liabilities: $807,115
- Net Assets: -$158,514
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$29,222
HUD RENT SUBSIDY
Revenue
$20,674
Organization Details
Founding Year
1997
Phone
(718) 805-6796Principal Officer
Gilbert Louis
Main Address
112-40 FRANCIS LEWIS BLVD, QUEENS VILLAGE, NY, 11429
Website
www.in-res.orgNTEE Category
Code: P20 - Human services
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