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Independence Communities Inc

Independence Village

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

EIN: 550809542 ✦ Conroe, TX ✦ Designated as a 501(c)(3)

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Overview

What is Independence Communities Inc?

Independence Communities Inc is a nonprofit organization, specifically identified as "Independence Village," located in Conroe, Texas. Their primary mission is to offer housing facilities for individuals with disabilities. The organization has successfully established a 15-unit apartment project in Huntsville, Texas, to serve this purpose. The total workforce of Independence Communities Inc consists of just two dedicated individuals, working tirelessly to provide suitable living spaces and support for individuals with disabilities.

What are the reviews and ratings of this charity?

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

Independence Communities Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The organization scored 94% in this area, demonstrating effective management of its resources and adherence to best practices. This high score is significant as it indicates a commitment to transparency and responsible financial stewardship.

The organization excels in various accountability metrics, including having a fully independent board and no instances of asset diversion. Additionally, it has robust policies in place for conflict of interest, whistleblower protections, and document retention. The program expense ratio stands at 91.16%, indicating that a substantial portion of its funds is directed towards its programs, which is a positive sign for donors looking for impactful contributions.

While the rating highlights numerous strengths, it is important for potential supporters to continue monitoring the organization's performance and activities over time. Transparency and accountability are crucial, and maintaining these standards will be essential for sustaining donor trust and effectiveness in fulfilling its mission.


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

Is Independence Communities Inc legitimate?

Independence Communities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Communities 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: $60,026

For more financial information, click here

What is the mission statement of Independence Communities Inc?

Independence Communities Inc is committed to providing housing facilities for individuals with disabilities. Their primary mission is to create living spaces that cater to the needs of people with disabilities, ensuring they have access to suitable accommodations. The organization has developed a 15-unit apartment project in Huntsville, Texas, as part of this initiative. The goal is to provide a supportive environment where individuals with disabilities can live independently and comfortably.

Who is the CEO of Independence Communities Inc?

Leonard Peck is the President of Independence Communities Inc.

What is the revenue of Independence Communities Inc?

Independence Communities Inc's revenue in 2022 was $179,135.

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

The average compensation at Independence Communities Inc during 2022 was $30,013. There are 2 employees at Independence Communities Inc.


Here are 4 key members and their salaries:


Leonard Peck (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara Duren (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morris Johnson (Sec/Tres)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Cunningham (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Independence Communities Inc?

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

Mission Statement of Independence Communities Inc

Independence Communities Inc, as stated in its mission, is dedicated to providing housing facilities for individuals with disabilities. This organization's primary objective is to create an inclusive living environment where individuals with disabilities can reside comfortably and independently. One of their initiatives involves managing a 15-unit apartment project, situated in Huntsville, Texas. This housing facility is designed to cater specifically to individuals with disabilities, providing them with a secure and supportive living space. By providing such housing facilities, Independence Communities Inc aims to contribute to the well-being and independence of individuals with disabilities, thereby enhancing their quality of life.

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Impact




October, 2024

Independence Communities Inc significantly impacts the lives of individuals with disabilities by providing specialized housing facilities designed to meet their unique needs. Located in Huntsville, Texas, their 15-unit apartment project offers a supportive and accessible living environment, promoting independence and community integration for residents. By addressing the critical shortage of suitable housing options, Independence Communities Inc not only enhances the quality of life for its residents but also fosters a sense of belonging and stability within the community. This initiative empowers individuals with disabilities to thrive and live with dignity, ultimately contributing to a more inclusive society.




This information is meant to be a general summary of Independence Communities 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
$179,135 (2022)
Expenses
$224,723 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $167
  • Program Service Revenue: $178,968
  • Gross Receipts: $179,135

Assets and Liabilities:

  • Total Assets: $910,357
  • Total Liabilities: $20,148
  • Net Assets: $890,209

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

HUD RENTAL ASSISTANCE

Revenue

$154,291

TENANT RENT AND FEES

Revenue

$22,164

SPECIAL CLAIMS REVENUE

Revenue

$2,513

Organization Details

Founding Year

2002

Principal Officer

Leonard Peck

Main Address

PO BOX 3067, CONROE, TX, 77305

NTEE Category

Code: L22 - Housing

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