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Independence Ii Inc

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

EIN: 201329143 ✦ Mount holly, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Independence Ii Inc?

Independence Ii Inc, situated in Mount Holly, New Jersey, is a dedicated nonprofit organization. Its primary mission is to provide single-family homes for adults dealing with mental health disabilities. By offering these residences, the organization aims to improve their overall well-being, security, joy, and quality of life. The focus is on promoting a supportive environment that fosters health and happiness for these individuals.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94%

Independence II Inc has achieved a commendable Four-Star out of Four Star rating from Charity Navigator, primarily reflecting its high standards in accountability and finance. The charity scored 94% in this category, demonstrating effective management and transparency in its operations. This rating is significant as it showcases the charity's commitment to responsible fiscal practices, ensuring that donations are utilized efficiently.

The organization boasts a fully independent board, with all members meeting the criteria for independence, which enhances governance and decision-making integrity. Furthermore, Independence II Inc has implemented robust policies regarding conflict of interest, whistleblower protection, and document retention, contributing to its transparent operational practices. The low liabilities to assets ratio of 0.71% and a high program expense ratio of 98.64% indicate that a substantial majority of its resources are directed toward its core mission.

While the rating reflects strong performance in financial accountability, ongoing monitoring of their practices will be essential to maintain these standards. Overall, Independence II Inc demonstrates a strong commitment to serving its mission effectively while upholding the trust of its donors and stakeholders.


This AI summary has been generated from information found on Charity Navigator.

Is Independence Ii Inc legitimate?

Independence Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Ii 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 Ii Inc?

Independence II Inc's mission is centered around providing single-family homes for adults with mental health disabilities. The primary objective is to enhance their overall well-being, ensuring their health, security, happiness, and quality of life are all positively impacted. By offering these residential spaces, the organization aims to contribute to a more fulfilling living experience for individuals dealing with mental health challenges.

Who is the CEO of Independence Ii Inc?

Qindi Shi is the President of Independence Ii Inc.

What is the revenue of Independence Ii Inc?

Independence Ii Inc's revenue in 2022 was $39,512.

Who are the executives of Independence Ii Inc and what are their salaries?


Here are 7 key members and their salaries:


Derry Holland (President)
  • Compensation: $0
  • Related: $477,274
  • Other: $52,758
Gerard Law (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Qindi Shi (Secretary/Treasurer)
  • Compensation: $0
  • Related: $262,758
  • Other: $52,282
Marianne Aleardi (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Nelson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chelsea Carter (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Colleen Crandall (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Independence Ii Inc?

Independence Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Independence Ii Inc

Independence II Inc, a nonprofit organization, is committed to providing single-family homes for the benefit of adult residents struggling with mental health disabilities. Their mission is geared towards promoting the health, security, happiness, and overall quality of life of these individuals. By offering them a home, the organization aims to provide a supportive environment where they can thrive and lead fulfilling lives. The homes serve as a sanctuary, offering a sense of stability and safety, which are crucial for individuals with mental health challenges. By providing these homes, Independence II Inc is making a significant contribution to improving the well-being of adults with mental health disabilities.

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Impact




August, 2024

Independence Ii Inc's impact is significant as it provides single-family homes for adult residents with mental health disabilities in Mount Holly, NJ. By offering these individuals a safe and supportive living environment, Independence Ii Inc promotes their health, security, happiness, and overall quality of life. This organization plays a vital role in addressing the housing needs of this particular demographic, thereby enhancing their well-being and independence.




This information is meant to be a general summary of Independence Ii 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.

Revenue
$39,512 (2022)
Expenses
$42,093 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $32
  • Program Service Revenue: $39,480
  • Gross Receipts: $39,512

Assets and Liabilities:

  • Total Assets: $802,833
  • Total Liabilities: $7,864
  • Net Assets: $794,969

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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

$23,057

RENTAL INCOME

Revenue

$16,423

Organization Details

Founding Year

2004

Principal Officer

Qindi Shi

Main Address

770 WOODLANE ROAD SUITE 63, MOUNT HOLLY, NJ, 08060

NTEE Category

Code: L20 - Housing

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