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Independence Square Housing Corporation Inc

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

EIN: 942465776 ✦ Watsonville, CA ✦ Designated as a 501(c)(3)

Overview

What is Independence Square Housing Corporation Inc?

Independence Square Housing Corporation Inc is a nonprofit organization situated in Watsonville, California. Their primary mission is to provide affordable housing for qualified handicapped and elderly individuals. They accomplish this by securing mortgage financing from the U.S. Department of Housing and Urban Development (HUD). The organization manages a 100-unit apartment complex, operating under the provisions of Section 202 of the National Housing Act. This complex benefits from the HUD Section 8 Rent Subsidy Program, ensuring that eligible tenants can afford their living arrangements. The corporation employs a team of 13 individuals to oversee and manage the housing complex.


Is Independence Square Housing Corporation Inc legitimate?

Independence Square Housing Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Independence Square Housing Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $93,600
Professional Fundraising Fees: $0
Other Salaries and Wages: $485,343

For more financial information, click here


What is the mission statement of Independence Square Housing Corporation Inc?
Who is the CEO of Independence Square Housing Corporation Inc?
What is the revenue of Independence Square Housing Corporation Inc?
Who are the executives of Independence Square Housing Corporation Inc and what are their salaries?
Where can I find the form 990 for Independence Square Housing Corporation Inc?

Mission Statement of Independence Square Housing Corporation Inc

Independence Square Housing Corporation Inc is dedicated to providing suitable housing for individuals who fall under the categories of the handicapped and elderly. Through mortgage financing from the U.S. Department of Housing and Urban Development (HUD), this organization operates a 100-unit apartment complex. Their mission is to ensure this complex serves as a secure living environment for these qualified tenants, located in Watsonville, California. The apartment complex operates under the provisions of Section 202 of the National Housing Act, utilizing the HUD Section 8 Rent Subsidy Program for eligible tenants. This program ensures that the tenants can afford the living quarters, making it an accessible and affordable housing solution for the handicapped and elderly population.

Impact

This information is meant to be a general summary of Independence Square Housing Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Sunday, July 21, 2024

Independence Square Housing Corporation Inc's impact lies in providing essential housing for qualified handicapped and elderly tenants in Watsonville, California. By operating a 100-unit apartment complex with mortgage financing from the U.S. Department of Housing and Urban Development (HUD), the organization ensures that individuals in need have access to safe and affordable housing. Through their utilization of the HUD Section 8 rent subsidy program, Independence Square Housing Corporation Inc plays a crucial role in supporting eligible tenants and promoting community welfare.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

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

  • Investment Income: $298
  • Program Service Revenue: $344,833
  • Gross Receipts: $1,861,949

    • Assets and Liabilities:
  • Total Assets: $2,703,836
  • Total Liabilities: $121,461
  • Net Assets: $2,582,375
  • Programs

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

    LAUNDRY & MISC REVENUE

    Revenue

    $7,409

    RENTAL REVENUE

    Revenue

    $337,424

    Organization Details

    Founding Year

    1977

    Principal Officer

    David Johnston

    Main Address

    1355 MADISON STREET, WATSONVILLE, CA, 95076

    NTEE Category

    Code: L20 - Housing

    If you are a representative of Independence Square Housing Corporation Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.