Overview
What is Independence I Inc?
Independence I Inc, doing business as Bridgeboro Road, is a nonprofit organization situated in Mount Holly, New Jersey. Their primary mission is to provide suitable housing facilities for elderly and handicapped individuals, tailored to address their physical, social, and psychological needs. The organization is specifically dedicated to offering housing solutions for the elderly and disabled, aiming to improve their quality of life.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94% (Four-Star out of Four Star Rating)
Independence I Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94%, indicating robust financial health and transparency. This high score is driven entirely by its accountability and finance metrics, demonstrating a commitment to responsible financial practices.
The organization boasts an entirely independent board, with 10 out of 10 members being independent, contributing positively to its governance. Key policies such as conflict of interest, whistleblower, and document retention are in place and well-documented. Additionally, Independence I Inc maintains an impressive program expense ratio of 100%, indicating that all its expenses are directed towards its programs rather than administrative costs.
However, the salaries of key personnel may raise questions regarding compensation, particularly with the President receiving $530,598 and the Secretary/Treasurer earning $265,090. While the organization’s financial practices are solid, potential donors might want to consider these salary figures in relation to the overall mission and impact of the nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Independence I Inc legitimate?
Independence I Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence I 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: $0
For more financial information, click here
What is the mission statement of Independence I Inc?
Independence I Inc, operating as Bridgeboro Road, is committed to providing housing facilities for elderly and handicapped individuals. Their mission is to create an environment that caters to the unique physical, social, and psychological needs of these individuals. The organization strives to offer housing and services that promote a comfortable and supportive living experience for its residents. By focusing on the specific needs of its residents, Independence I Inc aims to enhance their quality of life and provide them with a sense of independence and dignity.
Who is the CEO of Independence I Inc?
Qindi Shi is the President of Independence I Inc.
What is the revenue of Independence I Inc?
Independence I Inc's revenue in 2022 was $20,510.
Who are the executives of Independence I Inc and what are their salaries?
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $477,274
- Other: $52,758
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $262,758
- Other: $52,282
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Independence I Inc?
Independence I Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Independence I Inc
Independence I Inc D/B/A Bridgeboro Road, in its mission, is dedicated to providing housing facilities for the elderly and handicapped individuals. This nonprofit organization aims to create an environment that caters to the unique physical, social, and psychological needs of its residents. By offering specially designed housing facilities, Independence I Inc D/B/A Bridgeboro Road seeks to enhance the quality of life for its residents, ensuring they live with dignity and independence. The mission of Independence I Inc D/B/A Bridgeboro Road is rooted in the belief that every elderly and handicapped person deserves a safe and supportive living environment, where they can age gracefully and comfortably.
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Impact
August, 2024
The impact of Independence I Inc D/B/A Bridgeboro Road is significant in providing housing facilities tailored to meet the specific physical, social, and psychological needs of elderly and handicapped individuals in Mount Holly, NJ. By offering specialized housing and services, this organization plays a crucial role in ensuring a safe and supportive environment for these vulnerable populations. Their mission to provide housing facilities for the elderly and handicapped contributes to enhancing the quality of life and promoting independent living among these individuals.
This information is meant to be a general summary of Independence I 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: $12
- Program Service Revenue: $20,498
- Gross Receipts: $20,510
Assets and Liabilities:
- Total Assets: $316,924
- Total Liabilities: $3,097
- Net Assets: $313,827
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HUD RENTAL SUBSIDY
Revenue
$12,546
RENTAL INCOME
Revenue
$7,952
Organization Details
Founding Year
2004
Phone
(609) 267-5928Principal Officer
Qindi Shi
Main Address
770 WOODLANE ROAD 63, MOUNT HOLLY, NJ, 08060
NTEE Category
Code: L20 - Housing
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