INDEPENDENCE II INC

EIN: 201329143 501(c)(3) Housing & Shelter

MOUNT HOLLY, NJ

Total Revenue
$37,680
Total Expenses
$42,957
Total Assets
$697,564
Net Assets
$692,516
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NJ
Principal Officer
QINDI SHI
Phone
6092675928
Tax Period
2023-07-01 to 2024-06-30

INDEPENDENCE II INC, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $38K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $43K exceeded revenue, resulting in a 14% operating deficit.

Mission

TO PROVIDE SINGLE FAMILY HOMES FOR THE BENEFIT OF ADULT RESIDENTS WITH MENTAL HEALTH DISABILITIES.

Program Service Accomplishments

Program 1
Expenses: $42,957 Revenue: $37,642

TO PROVIDE SINGLE FAMILY HOMES FOR THE BENEFIT OF ADULT RESIDENTS WITH MENTAL HEALTH DISABILITIES TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND QUALITY OF LIFE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $37,642
Investment Income $38
Other Revenue $0
TOTAL REVENUE $37,680

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,957
Other Expenses $42,957
TOTAL EXPENSES $42,957

Year-over-Year Comparison

2023 2022 Change
Revenue $37,680 $41,416 -0.1%
Expenses $42,957 $141,409 -0.7%
Net Income $-5,277 $-99,993 -0.9%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
N/A

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
2
$1,059,657
Total Directors
6
$1,059,657
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DERRY HOLLAND PRESIDENT 1.00
Officer Director
$0 $59,141 $626,112
QINDI SHI SECRETARY/TREASURER 1.00
Officer Director
$0 $59,261 $433,545
MARIANNE ALEARDI TRUSTEE 1.00
Director
$0 $0 $0
AARON NELSON TRUSTEE 1.00
Director
$0 $0 $0
CHELSEA CARTER TRUSTEE 1.00
Director
$0 $0 $0
COLLEEN CRANDALL TRUSTEE 1.00
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
2025 No data No data No data No data
2024 $37,680 $42,957 $697,564 $-5,277
2023 $41,416 $141,409 $702,841 $-99,993
2022 $39,512 $42,093 $802,833 $-2,581
2021 $28,465 $31,436 $802,598 $-2,971
2020 $32,899 $35,716 $805,570 $-2,817
2019 $33,816 $36,790 $808,387 $-2,974
2018 $35,138 $33,651 $811,361 $1,487
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