INDEPENDENCE SQUARE RHF HOUSING INC

EIN: 300105351 501(c)(3) Housing & Shelter

LONG BEACH, CA

Total Revenue
$1,430,582
Total Expenses
$1,454,641
Total Assets
$6,077,600
Net Assets
$-293,437
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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
IN
Principal Officer
STUART HARTMAN
Phone
5622575100
Tax Period
2024-10-01 to 2025-09-30

INDEPENDENCE SQUARE RHF HOUSING INC, founded in 2002, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024.

Mission

INDEPENDENCE SQUARE RHF HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 123 UNIT COMMUNITY KNOWN AS INDEPENDENCE SQUARE LOCATED IN EVANSVILLE, INDIANA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. DURING THE YEAR ENDED SEPTEMBER 30, 2014, THE ORIGINAL MORTGAGE WAS REFINANCED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE PROPERTY WAS PREVIOUSLY OWNED AND OPERATED BY DEACONESS HOUSING, INC. EFFECTIVE MARCH 31, 2003, DEACONESS TRANSFERRED OWNERSHIP TO THE CORPORATION IN EXCHANGE FOR THE ASSUMPTION OF CERTAIN LIABILITIES.

Program Service Accomplishments

Program 1
Expenses: $1,332,963 Revenue: $558,530

INDEPENDENCE SQUARE RHF HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF...

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INDEPENDENCE SQUARE RHF HOUSING, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 123 UNIT COMMUNITY KNOWN AS INDEPENDENCE SQUARE LOCATED IN EVANSVILLE, INDIANA, WHICH PROVIDES HOUSING FOR LOW INCOME ELDERLY PERSONS PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. DURING THE YEAR ENDED SEPTEMBER 30, 2014, THE ORIGINAL MORTGAGE WAS REFINANCED UNDER SECTION 207 PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT, AS AMENDED. THE PROPERTY WAS PREVIOUSLY OWNED AND OPERATED BY DEACONESS HOUSING, INC. EFFECTIVE MARCH 31, 2003, DEACONESS TRANSFERRED OWNERSHIP TO THE CORPORATION IN EXCHANGE FOR THE ASSUMPTION OF CERTAIN LIABILITIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $838,735
Program Service Revenue $558,530
Investment Income $4,722
Other Revenue $28,595
TOTAL REVENUE $1,430,582

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,332,963
Other Expenses $1,454,641
TOTAL EXPENSES $1,454,641

Year-over-Year Comparison

2024 2023 Change
Revenue $1,430,582 $1,379,769 +0.0%
Expenses $1,454,641 $1,426,162 +0.0%
Net Income $-24,059 $-46,393 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
7
Independent Members
7
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
5
$952,416
Total Directors
7
$0
Key Employees
20
$5,403,144
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HARTMAN STUART J PRESIDENT/CEO 0.20
Officer
$0 $76,739 $770,133
AMBERG ROBERT R EXECUTIVE VP GEN COUNSEL 0.20
Key Emp
$0 $54,717 $530,647
ROSSELLO FRANK JR CFO AND VP OF FINANCE 0.20
Key Emp
$0 $30,494 $488,122
FARD BOBBY J VP ACQUIS AND PROJ DEV 0.20
Key Emp
$0 $26,130 $326,600
ESCANDON YURI ANDREW VP HOUSING OPERATIONS 0.20
Key Emp
$0 $55,605 $322,377
GILCHRIST KEVIN DARRELL VP DEV FIN & ASSET MGMT 0.20
Key Emp
$0 $58,557 $317,115
BATTAGLIA NADA VP HUMAN RESOURCES 0.20
Key Emp
$0 $53,518 $306,215
TITUS STEPHANIE L VP PHILANTHROPY/CSO 0.20
Key Emp
$0 $58,388 $310,109
KING DIANE D COMPL AND PRIVACY OFFICER 0.20
Key Emp
$0 $22,228 $259,898
MAGNONE VINCENT B VP TREASURY & INVSTMT OFF 0.20
Key Emp
$0 $21,761 $254,783
CLOW JOHN C VP RISK MANAGEMENT 0.20
Key Emp
$0 $22,289 $248,543
MICKELSON LAVONNE R DIR OF AFFORD HOUSING OPS 0.20
Key Emp
$0 $4,875 $209,677
STECKBECK KENT BUDGET & ANALYTICS DIR 0.20
Key Emp
$0 $5,371 $206,102
PHELPS LORI ANN INFO SYSTEMS DIRECTOR 0.20
Key Emp
$0 $5,944 $204,059
ROBINSON TINA M VP HOUSING ACCOUNTING 0.20
Key Emp
$0 $21,124 $214,780
HALL MAGGIE W ASSOCIATE COUNSEL 0.20
Key Emp
$0 $23,477 $212,890
CHUNG DEAN H CONTROLLER 0.20
Key Emp
$0 $31,777 $213,671
SANCHEZ OMAR E CONSTRUCTION MANAGER SR 0.20
Key Emp
$0 $15,920 $199,550
SILVA JOANNE L VP OCCUPANCY & TAX CREDIT 0.20
Key Emp
$0 $28,973 $212,522
FOX LAURA L DIRECTOR OF CORP RECORDS 0.20
Officer
$0 $18,022 $182,283
RICANO PEGGY ACCT MANAGER EXEMPT 0.20
Key Emp
$0 $20,771 $180,914
RAGON CHRISTY ANN VP OF COMMUNICATIONS 0.20
Key Emp
$0 $23,388 $184,570
INGRAO SALVATORE A DEVEL ACCOUNTING DIR 0.20
Highest
$0 $15,918 $173,401
YOUNG SEESEE INTERNAL AUDIT DIRECTOR 0.20
Highest
$0 $4,876 $163,864
DO THANH-THANH ACCT MANAGER EXEMPT 0.20
Highest
$0 $20,165 $173,627
MOSQUEIRA PHIL AP DIRECTOR 0.20
Highest
$0 $21,625 $166,952
PORTER JR NEWMAN RUSH ENTITLEMENT PROJ MANAGER 0.20
Highest
$0 $19,865 $167,531
DESAEGHER NORMA N VICE PRESIDENT 0.20
Officer Director
$0 $0 $0
BUNN ANDREW TREASURER 0.20
Officer Director
$0 $0 $0
EAST RAYMOND E DIRECTOR 0.20
Director
$0 $0 $0
MINER DON J DIRECTOR 0.20
Director
$0 $0 $0
POLLOCK JEFFREY R DIRECTOR 0.20
Director
$0 $0 $0
HART DONALD G DIRECTOR 0.20
Director
$0 $0 $0
WILSON CHERYL DIRECTOR 0.20
Director
$0 $0 $0
SEE SCHEDULE JO SALARY DISCLOSURE - PGS 35 & 38 0.00
Officer
$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 $1,430,582 $1,454,641 $6,077,600 $-24,059
2024 $1,379,769 $1,426,162 $6,342,503 $-46,393
2023 $1,321,608 $1,384,807 $6,747,988 $-63,199
2022 $1,045,045 $1,315,397 $6,895,226 $-270,352
2021 $1,203,343 $1,304,182 $7,117,274 $-100,839
2020 $1,230,613 $1,318,836 $7,300,227 $-88,223
2019 $1,214,952 $1,384,697 $7,545,944 $-169,745
2018 $1,212,696 $1,291,188 $7,890,858 $-78,492
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