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Independence Iv Inc

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

EIN: 202755049 ✦ Mount holly, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Independence Iv Inc?

Independence Iv Inc is a nonprofit organization situated in Mount Holly, New Jersey, with an address at 770 Woodlane Road Suite 63. Their primary mission is to support adults with mental health disabilities by offering them single-family homes. This living arrangement aims to enhance their overall health, security, happiness, and quality of life. The organization is dedicated to providing a nurturing environment that promotes personal growth and well-being for its residents.

What are the reviews and ratings of this charity?

Charity Navigator Rating: 94% (Four-Star out of Four Stars)

Independence IV Inc has received an impressive Four-Star rating from Charity Navigator, indicating a high level of accountability and finance management. The overall score is solely derived from a beacon score that highlights the charity's commitment to transparency and responsible governance practices. This strong rating reflects the organization’s effective oversight, with an entirely independent board that showcases its dedication to ethical practices.

The charity excels in various areas, achieving perfect scores in several key metrics, including the lack of material asset diversion and the presence of comprehensive policies on conflict of interest and whistleblower protections. Additionally, it maintains a solid financial structure, with a low liabilities-to-assets ratio and a full allocation of program expenses, which underscores its efficiency in utilizing funds for its mission.

While the organization demonstrates robust financial health and governance, further information about its specific programs and impact could enhance understanding of its overall effectiveness. Nonetheless, the current rating and internal controls indicate a well-managed nonprofit that prioritizes accountability and service to its beneficiaries.


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

Is Independence Iv Inc legitimate?

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

Independence Iv Inc, as per its mission statement, is dedicated to providing single-family homes for adults living with mental health disabilities. The primary objective of this organization is to enhance their health, security, happiness, and overall quality of life. By offering these homes, Independence Iv Inc aims to create an environment that fosters their well-being and promotes their ability to live independently. The organization's mission also emphasizes the importance of promoting happiness and improving living standards for these individuals.

Who is the CEO of Independence Iv Inc?

Qindi Shi is the President of Independence Iv Inc.

What is the revenue of Independence Iv Inc?

Independence Iv Inc's revenue in 2022 was $26,180.

Who are the executives of Independence Iv 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
David Gaskin (Vice President)
  • 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 Iv Inc?

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

Mission Statement of Independence Iv Inc

Independence Iv Inc, a nonprofit organization, is committed to providing single-family homes for the benefit of adult residents struggling with mental health disabilities. The mission of this organization is to foster an environment where these individuals can thrive and improve their overall well-being. By offering single-family homes, Independence Iv Inc aims to promote the health, security, happiness, and quality of life for its residents. This approach allows adults with mental health disorders to live in a stable and supportive environment, thereby enhancing their overall living experiences. The organization's goal is to contribute positively to their residents' lives, ultimately leading to a more fulfilling and independent existence.

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Impact




August, 2024

Independence Iv Inc's impact lies in providing 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 Iv Inc promotes their health, security, happiness, and overall quality of life. Through its housing initiatives, the organization contributes significantly to enhancing the well-being and independence of individuals facing mental health challenges in the community.




This information is meant to be a general summary of Independence Iv 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
$26,180 (2022)
Expenses
$78,956 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $33
  • Program Service Revenue: $26,147
  • Gross Receipts: $26,180

Assets and Liabilities:

  • Total Assets: $731,330
  • Total Liabilities: $39,576
  • Net Assets: $691,754

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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

$17,851

RENTAL INCOME

Revenue

$8,296

Organization Details

Founding Year

2006

Principal Officer

Qindi Shi

Main Address

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

NTEE Category

Code: L20 - Housing

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