INDEPENDENCE IV INC

EIN: 202755049 501(c)(3) Housing & Shelter

MOUNT HOLLY, NJ

Total Revenue
$31,417
Total Expenses
$50,071
Total Assets
$694,019
Net Assets
$654,444
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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
2006
Legal Domicile
NJ
Principal Officer
QINDI SHI
Phone
6092675928
Tax Period
2023-07-01 to 2024-06-30

INDEPENDENCE IV INC, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $31K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $50K exceeded revenue, resulting in a 59% operating deficit.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $50,071 Revenue: $31,351

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 $31,351
Investment Income $66
Other Revenue $0
TOTAL REVENUE $31,417

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $50,071
Other Expenses $50,071
TOTAL EXPENSES $50,071

Year-over-Year Comparison

2023 2022 Change
Revenue $31,417 $25,723 +0.2%
Expenses $50,071 $44,379 +0.1%
Net Income $-18,654 $-18,656 0.0%
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
3
$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
Officer 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 $31,417 $50,071 $694,019 $-18,654
2023 $25,723 $44,379 $712,673 $-18,656
2022 $26,180 $78,956 $731,330 $-52,776
2021 $33,340 $50,751 $749,605 $-17,411
2020 $34,170 $51,508 $767,016 $-17,338
2019 $32,332 $49,737 $784,354 $-17,405
2018 $28,406 $44,407 $801,759 $-16,001
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