Overview
What is Independence Heights Inc?
Independence Heights Inc, operating under the name INDEPENDENCE HEIGHTS, is a nonprofit organization based in Houston, Texas. Situated at 2211 Norfolk St 614, their primary mission is to provide housing opportunities for the elderly community, facilitated through a HUD assistance program. With a dedicated workforce of four individuals, they aim to offer 62 housing units, contributing to the well-being and comfort of the elderly population within their community.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Independence Heights Inc has received a solid rating of 87%, reflecting strong performance in accountability and finance. This score highlights the organization's commitment to transparency and responsible financial management, with a perfect score for independent board members and no material diversion of assets reported. Their whistleblower policy and document retention practices are also well-established, contributing to their positive evaluation.
The organization demonstrates a high program expense ratio of 90.32%, indicating that a significant portion of their resources is directed towards their programs rather than administrative costs. This focus on programmatic investment suggests that they are effectively utilizing their funding to achieve their mission. The low liabilities to assets ratio of 2.19% further underscores their financial stability.
While the organization exhibits several strengths in governance and fiscal responsibility, no additional information about their specific programs or impact is provided. Overall, Independence Heights Inc appears to be a well-managed nonprofit with a strong commitment to accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Heights Inc legitimate?
Independence Heights Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Heights Inc 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: $89,809
For more financial information, click here
What is the mission statement of Independence Heights Inc?
Independence Heights Inc's mission is centered around providing housing solutions for the elderly. Through a HUD assistance program, they aim to offer 62 housing units specifically designed for this demographic. This initiative is their primary objective, aimed at ensuring elderly individuals have access to suitable living accommodations.
Who is the CEO of Independence Heights Inc?
Leonard Wilkin is the President of Independence Heights Inc.
What is the revenue of Independence Heights Inc?
Independence Heights Inc's revenue in 2022 was $501,749.
Who are the executives of Independence Heights Inc and what are their salaries?
The average compensation at Independence Heights Inc during 2022 was $22,452. There are 4 employees at Independence Heights Inc.
Here are 5 key members and their salaries:
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- Related: $0
- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Independence Heights Inc?
Independence Heights Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Independence Heights Inc
Independence Heights Inc, as a nonprofit organization, is committed to providing housing solutions for the elderly. Utilizing assistance from the HUD program, Independence Heights Inc offers 62 housing units specifically designed for elderly individuals. This mission reflects their dedication to addressing the unique needs and living situations of this demographic, offering them a secure and comfortable living environment. By providing these housing units, Independence Heights Inc aims to contribute to the well-being and independence of the elderly population, ensuring they have access to a suitable living space that caters to their specific needs.
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Impact
July, 2024
Independence Heights Inc provides 62 housing units for the elderly in Houston, Texas through a HUD assistance program. This organization directly impacts the lives of elderly individuals by offering them affordable and safe housing options, contributing to their overall well-being and quality of life.
This information is meant to be a general summary of Independence Heights Inc. 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.
- Investment Income: -$127,719
- Program Service Revenue: $397,412
- Gross Receipts: $629,677
Assets and Liabilities:
- Total Assets: $2,818,183
- Total Liabilities: $263,481
- Net Assets: $2,554,702
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD SUPPLEMENT
Revenue
$231,924
TENANT RENTS
Revenue
$179,109
TENANT CHARGES
Revenue
$1,913
VACANCIES
Revenue
-$15,534
Organization Details
Founding Year
2002
Phone
(713) 526-9470Principal Officer
Leonard Wilkin
Main Address
2211 NORFOLK ST 614, HOUSTON, TX, 77098
NTEE Category
Code: L22 - Housing
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