Independent Group Home Living Foun… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1996

Legal Domicile

Principal Officer

MARYBETH LICHTNEGER

Phone

6318788900

Tax Period

2023-01-01 to 2023-12-31

Independent Group Home Living Foundation Inc, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.5M in total revenue in fiscal year 2023. Revenue surged 567% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 86% operating margin.

Mission

THE FOUNDATION'S PRIMARY EXEMPT MISSION IS TO RAISE FUNDS THROUGH A PLANNED GIVING PROGRAM AND THE HOLDING OF SPECIAL EVENTS FOR THE BENEFIT OF INDEPENDENT GROUP HOME LIVING PROGRAM, INC. AND ITS AFFILIATED NOT-FOR PROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $67,673 Revenue: $0

THE INDEPENDENT GROUP HOME LIVING FOUNDATION, INC WAS ESTABLISHED TO RAISE FUNDS TO PRESERVE THE FUTURE OF THE INDEPENDENT GROUP HOME LIVING PROGRAM (IGHL)'S PROGRAM SERVICES. THE INDEPENDENT GROUP HOME LIVING PROGRAM HAS MADE THE PUBLIC AWARE OF THE ORGANIZATION'S NEEDS BY HOLDING SEVERAL PUBLIC FUNDRAISING EVENTS SUCH AS ANNUAL GOLF OUTING, ANNUAL APPEALS AND OTHER EFFORTS. THE FOUNDATION ALSO ORGANIZES A PLANNED GIVING PROGRAM WHICH ALLOWS DONORS' LEGACIES TO WORK ON BEHALF OF THE PEOPLE UNDER THE CARE OF IGHL IN PERPETUITY. WE INVITE MEMBERS OF THE COMMUNITY TO HELP THE INDEPENDENT GROUP HOME LIVING FOUNDATION, INC MAKE A DIFFERENCE IN THE LIVES OF THE MEN, WOMEN AND CHILDREN WHO ARE DEVELOPMENTALLY DISABLED. ALL DONATIONS THAT WERE REPORTED ON THE FOUNDATION'S RESPECTIVE AFFILIATED COMPANY (INDEPENDENT GROUP HOME LIVING PROGRAM) WERE ACTUALLY RAISED BY THE FOUNDATION ITSELF.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,605,599

Program Service Revenue $0

Investment Income $339

Other Revenue $-62,309

TOTAL REVENUE $3,543,629

Expense Breakdown

Grants Paid $67,527

Salaries & Benefits $0

Fundraising Expenses $6,445

Program Expenses $67,673

Other Expenses $431,487

TOTAL EXPENSES $499,014

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,543,629	$531,253	+5.7%
Expenses	$499,014	$376,613	+0.3%
Net Income	$3,044,615	$154,640	+18.7%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$1,307,752

Total Directors

$780,164

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALTER STOCKTON	CEO & President	0.05	Officer Director	$0	$76,137	$780,164
MARYBETH LICHTNEGER	CFO	0.05	Officer	$0	$61,057	$527,588
FRANK LOMBARDI	FORMER COO	0.0		$0	$44,506	$407,461
DEBORAH KNEIDL	CHIEF DEVELOPMENT OFFICER	13.33	Highest	$0	$19,701	$258,763
JIM MCCANN	CHAIRMAN	0.25	Officer Director	$0	$0	$0
DR JOSEPH MORRIS	Vice President	0.25	Officer Director	$0	$0	$0
HONORABLE PAUL PONTIERI	TREASURER	0.25	Officer Director	$0	$0	$0
THOMAS CULLEN	TRUSTEE	0.25	Director	$0	$0	$0
JOHN FALLON	TRUSTEE	0.25	Director	$0	$0	$0
NELLA HAHN	TRUSTEE	0.25	Director	$0	$0	$0
THOMAS HICKEY	TRUSTEE	0.25	Director	$0	$0	$0
JOHN TORTORTELLA	TRUSTEE	0.25	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,543,629	$499,014	$3,493,253	$3,044,615
2022	$531,253	$376,613	$380,990	$154,640
2021	$228,652	$500,177	$735,682	$-271,525
2020	$567,049	$203,180	$910,140	$363,869
2019	$380,302	$337,183	$468,110	$43,119
2018	$241,615	$262,279	$187,566	$-20,664

Independent Group Home Living Foundation Inc