Independence Square Apartments Ii in Fort Gratiot, Michigan (MI)
Table of contents:
| Independence Square Apartments Ii | |
| Employer Identification Number (EIN) | 383295366 |
| Name of Organization | Independence Square Apartments Ii |
| Address | 3051 Commerce Drive, Fort Gratiot, MI 48059-3866 |
| Activities | Described in section 509(a)(2) of the Code, Aid to the handicapped (see also 031) |
| Subsection | Charitable Organization |
| Ruling Date | 07/1996 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $306,550 |
| Amount of Income | $63,866 |
| Form 990 Revenue Amount | $63,866 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Senior Citizens' Housing/Retirement Communities |
Non-representatives - add comments:
Amount of income in 2014: $63,866 (it was $58,692 in 2013)
| Independence Square Apartments Ii: | $63,866 |
| Other organizations performing similar types of work: | $284,463 |
Assets in 2014: $306,550 (it was $313,836 in 2013)
| This organization: | $306,550 |
| Other organizations performing similar types of work: | $1,921,874 |
Expenses in 2013: $63,294
| Independence Square Apartments Ii: | $63,294 |
| Other organizations performing similar types of work: | $319,873 |
Income to expenses ratio in 2013: 1.0
| This organization: | 1.0 |
| Other organizations performing similar types of work: | 1.0 |
Grants share in income in 2013: 78.3%
| This organization: | 78.3% |
| Other organizations performing similar types of work: | 0.5% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $62,503 | $59,727 | $58,692 |
| Contributions, gifts, grants, and similar amounts received | $0 | $46,715 | $45,940 |
| Program service revenue including government fees and contracts | $56,160 | $9,445 | $9,837 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $4,047 | $1,613 | $1,056 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $371 |
| Gross amount from sale of assets other than inventory | $0 | $0 | $371 |
| Less: cost or other basis and sales expenses | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $2,296 | $1,954 | $1,488 |
| Total expenses | $65,839 | $68,110 | $63,294 |
| Total net assets | $326,856 | $318,473 | $311,150 |
| Excess/Deficit for the year | $-3,336 | $-8,383 | $-4,602 |
| Net assets or fund balances at beginning of year | $330,192 | $326,856 | $318,473 |
| Other changes in net assets or fund balances | $0 | $0 | $-2,721 |
| Net assets or fund balances at end of year | $318,473 | $311,150 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $336,420 | $326,632 | $313,836 |
| Total liabilities | $9,564 | $8,159 | $2,686 |
| Net assets or fund balances | $326,856 | $318,473 | $311,150 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $200,721 |
| Subtotal Support | $200,721 |
| Gifts, grants, contributions, and membership fees received | $200,721 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $227,148 |
| Public Support | $200,721 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $15,420 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $11,007 |
| Gross receipts from related activities, etc. | $71,495 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Skidaway Health And Living Services Inc | 95 Skidaway Island Park Road, Savannah, GA 31411-1104 | GA | 1999-11 | $17,690,138 |
| 2 | St Louis Life | 2001 E Terra Ln, Ofallon, MO 63366-4434 | MO | 2006-01 | $957,241 |
| 3 | Saugatucket Springs Inc | 861a Broad St, Providence, RI 02907-1768 | RI | 2003-11 | $470,399 |
| 4 | St Mary Magdlene Apartments Inc | PO BOX 93108, Lafayette, LA 70509-3108 | LA | 2004-03 | $105,388 |
| 5 | Directors Hall | 2400 Portage Street, Kalamazoo, MI 49001 | MI | 2009-06 | $2,260,123 |
| 6 | Thumb Area Enterprises, Northwood Meadows | 6086 Beechwood Drive, Cass City, MI 48726-1073 | MI | 1985-12 | $1,262,598 |
| 7 | Marycrest Heights | PO BOX 9184, Farmingtn Hls, MI 48333-9184 | MI | 2011-04 | $1,147,937 |
| 8 | Superior Health Support Systems | 1501 W 6th Ave, Sault S Marie, MI 49783-1496 | MI | 2005-05 | $958,597 |
| 9 | Bethany Inc | 1000 E Porter St Ste B, Jackson, MI 49202-2494 | MI | 2009-07 | $879,824 |
| 10 | Tivoli Non-Profit Housing Corp | 8425 E Twelve Mile Rd, Warren, MI 48093 | MI | 2013-03 | $692,640 |
| 11 | Lutheran Housing Services 8 Non Profit Housing Corporation | 800 Smitll Road, Temperance, MI 48182 | MI | 2014-02 | $604,228 |
| 12 | South Boston Non-Profit Housing Corporation | 8425 E Twelve Mile Road, Warren, MI 48093-2744 | MI | 1996-02 | $589,950 |
| 13 | Walker Non-Profit Housing Corporation | 8425 E Twelve Mile Road, Warren, MI 48093-2744 | MI | 1997-03 | $566,109 |
| 14 | Mdbm-Drake Senior Housing Corporation | 30301 W 13 Mile Rd, Farmingtn Hls, MI 48334-2209 | MI | 2008-05 | $492,614 |
| 15 | San Bernardino Senior Housing Inc | 8425 E Twelve Mile Road, Warren, MI 48093-2744 | MI | 2000-03 | $461,953 |
| 16 | Clearer Vision | 34932 Ecorse Rd, Romulus, MI 48174-1642 | MI | 2015-01 | $452,538 |
| 17 | Rehoboth Afc Inc | 10785 Burlingame Ave Sw, Byron Center, MI 49315-8834 | MI | 2013-02 | $384,216 |
| 18 | Tender Embrace | 20112 San Juan Dr, Detroit, MI 48221-1225 | MI | 2004-11 | $335,397 |
| 19 | Randallstown Iii Non-Profit Housing Corporation | 8425 E Twelve Mile Road, Warren, MI 48093-2744 | MI | 2009-07 | $329,380 |
| 20 | Sparta Retirement Community Inc, Harvest Way | 4450 Cascade Rd Se Ste 200, Grand Rapids, MI 49546-8330 | MI | 1999-02 | $312,641 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 2,836 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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