INDEPENDENT LIFESTYLES INC

EIN: 581866586 501(c)(3)

WAYCROSS, GA

Total Revenue
$185,099
Total Expenses
$290,084
Total Assets
$1,087,482
Net Assets
$-1,246,560
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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
1994
Legal Domicile
GA
Phone
9122838778
Tax Period
2024-01-01 to 2024-12-31

INDEPENDENT LIFESTYLES INC, founded in 1994, is a small nonprofit that reported $185K in total revenue in fiscal year 2024. Expenses of $290K exceeded revenue, resulting in a 57% operating deficit.

Mission

Provide housing to low income disabled persons by operating an apartment community regulated by HUD under Section 811 of the National Affordable Housing Act of 1990.

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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 $0
Program Service Revenue $184,004
Investment Income $1,095
Other Revenue $0
TOTAL REVENUE $185,099

Expense Breakdown

Grants Paid $0
Salaries & Benefits $26,225
Fundraising Expenses $0
Program Expenses $271,367
Other Expenses $263,859
TOTAL EXPENSES $290,084

Year-over-Year Comparison

2024 2023 Change
Revenue $185,099 $192,269 0.0%
Expenses $290,084 $265,159 +0.1%
Net Income $-104,985 $-72,890 +0.4%
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
1
Independent Members
1
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
0
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHNNY BRYANT DIRECTOR 0.00
Director
$0 $0 $0
Ronald Paulk CPA 0.00
$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 $185,099 $290,084 $1,087,482 $-104,985
2023 $192,269 $265,159 $1,173,434 $-72,890
2022 $190,622 $276,937 $1,221,664 $-86,315
2021 $210,844 $243,912 $1,245,014 $-33,068
2020 $230,346 $265,636 $1,279,937 $-35,290
2019 $232,484 $289,197 $1,284,887 $-56,713
2018 $250,844 $273,674 $1,326,948 $-22,830
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