INDEPENDENCE III INC D/B/A MOORELAND HOUSE

EIN: 510462458 501(c)(3) Housing & Shelter

MOUNT HOLLY, NJ

Total Revenue
$24,667
Total Expenses
$34,116
Total Assets
$370,596
Net Assets
$370,596
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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
2004
Legal Domicile
NJ
Principal Officer
QINDI SHI
Phone
6092675928
Tax Period
2023-07-01 to 2024-06-30

INDEPENDENCE III INC D/B/A MOORELAND HOUSE, founded in 2004, is a micro nonprofit in the Housing & Shelter sector that reported $25K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $34K exceeded revenue, resulting in a 38% operating deficit.

Mission

TO PROVIDE HOUSING FACILITIES TO ELDERLY AND HANDICAPPED PERSONS

Program Service Accomplishments

Program 1
Expenses: $34,116 Revenue: $24,622

TO PROVIDE HOUSING FACILITIES AND SERVICES FOR ELDERLY AND HANDICAPPED PERSONS SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS.

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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 $24,622
Investment Income $45
Other Revenue $0
TOTAL REVENUE $24,667

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,116
Other Expenses $34,116
TOTAL EXPENSES $34,116

Year-over-Year Comparison

2023 2022 Change
Revenue $24,667 $26,178 -0.1%
Expenses $34,116 $34,622 0.0%
Net Income $-9,449 $-8,444 +0.1%
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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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 $24,667 $34,116 $370,596 $-9,449
2023 $26,178 $34,622 $380,045 $-8,444
2022 $21,913 $30,894 $388,489 $-8,981
2021 $19,687 $27,698 $397,470 $-8,011
2020 $27,656 $30,904 $405,481 $-3,248
2019 $28,492 $32,686 $408,729 $-4,194
2018 $25,804 $32,192 $412,923 $-6,388
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