Overview
What is Independence Industries?
Independence Industries Dba Beech Tree Apartments is a nonprofit organization dedicated to providing housing for individuals who are elderly or have disabilities. This housing facility offers a welcoming environment for these individuals, ensuring they have access to suitable accommodations. The organization's mission revolves around housing for elderly and handicapped persons, ensuring they can live with comfort and dignity. Although the information does not provide further details, it is clear that this nonprofit is committed to making a positive impact in the lives of those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (64%)
Independence Industries, doing business as Beech Tree Apartments, has received a two-star rating from Charity Navigator, indicating a need for improvement in several areas. The organization's accountability and finance score is 64%, which reflects strong governance features such as 100% independent board members and effective policies for conflict of interest, whistleblowing, and document retention. However, the absence of financial statements raises concerns about transparency and accessibility of vital financial information.
On the positive side, Beech Tree Apartments exhibits a commendable program expense ratio of 92.23%, suggesting that a significant portion of its expenses are directed toward its programs rather than administrative costs. Additionally, there have been no reported material diversions of assets, indicating a sound financial integrity in terms of asset management. However, the organization faces a critical challenge with a liabilities-to-assets ratio of 220.02%, which may pose risks to its financial health.
Despite these strengths, the lack of publicly available financial documentation, such as tax forms and statements on their website, limits stakeholders' ability to fully assess the organization's financial standing. This deficiency in transparency may hinder potential donations and support, as trust and accountability are key factors for donors. Overall, while Independence Industries demonstrates effective governance and a strong commitment to its programs, it must address transparency issues to improve its standing and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Independence Industries legitimate?
Independence Industries is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Industries 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: $93,117
For more financial information, click here
What is the mission statement of Independence Industries?
Independence Industries, operating under the name Beech Tree Apartments, is dedicated to providing housing for individuals who are elderly or have disabilities. The organization's primary focus is on offering suitable living spaces for these groups of people, ensuring they have a comfortable and supportive environment. The mission of Beech Tree Apartments is multifaceted, encompassing the provision of housing for the elderly and handicapped, with the goal of enhancing their quality of life.
Who is the CEO of Independence Industries?
Catherine Henthorn is the President of Independence Industries.
What is the revenue of Independence Industries?
Independence Industries's revenue in 2022 was $567,923.
Who are the executives of Independence Industries and what are their salaries?
Here are 6 key members and their salaries:
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Where can I find the form 990 for Independence Industries?
Independence Industries's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Independence Industries
Independence Industries Dba Beech Tree Apartments is dedicated to providing housing for elderly and handicapped individuals. This nonprofit organization's mission is to offer a living space that caters specifically to the needs of the elderly and disabled. The apartments are designed to ensure the comfort and accessibility of its residents, creating an environment where they can lead independent and fulfilling lives. The organization's commitment extends beyond just providing housing, as it aims to enhance the quality of life for its residents, ensuring they feel safe, secure, and well-cared for.
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Impact
July, 2024
The impact of Independence Industries Dba Beech Tree Apartments is significant in providing housing for elderly and disabled individuals in Mount Vernon, OH. By offering housing options tailored to the needs of this demographic, Independence Industries is helping to enhance the quality of life for vulnerable populations within the community. Through their mission of providing housing for the elderly and disabled, Independence Industries Dba Beech Tree Apartments contributes to creating a supportive and inclusive environment where individuals can live with dignity and comfort.
This information is meant to be a general summary of Independence Industries. 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: $78
- Program Service Revenue: $567,845
- Gross Receipts: $567,923
Assets and Liabilities:
- Total Assets: $606,167
- Total Liabilities: $1,383,647
- Net Assets: -$777,480
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG.SERV.REVENUE-RELA
Revenue
$567,845
Organization Details
Founding Year
1978
Phone
(330) 239-4474Principal Officer
Catherine Henthorn
Main Address
1365 YAUGER ROAD, MOUNT VERNON, OH, 43050
NTEE Category
Code: L20Z - Housing
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