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Independence Park Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$94.5k (2024)

Expenses
$132k (2024)

Total Assets
$406k (2024)

Total Liabilities
$835k (2024)

Source: Form 990 tax filings from 2012 to 2024

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$94,470
Expenses
$132,386
Net Income
-$37,916
Net Assets
-$429,282
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $94,459
100.0%
Investment Income $11
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $22,279
16.8%
Assets/Debt
Total Assets $406,057
Total Liabilities $835,339
Net Assets -$429,282
Compensation
Key Employees and Officers Compensation Related Other
Karen Winner Sed (Vice President) $0 $0 $0
Fran Billen (Secretary) $0 $0 $0
Bob Lucas (President) $0 $0 $0
Alan Nathan (Board Member) $0 $0 $0
Lizette Olsen (Treasurer) $0 $0 $0
Wilma Torres (Ceo) $0 $105,950 $18,725
Michelle Clarke (Cfo) $0 $74,078 $10,584

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$88,582
Expenses
$112,683
Net Income
-$24,101
Net Assets
-$391,366
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $88,576
100.0%
Investment Income $6
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $22,594
20.1%
Assets/Debt
Total Assets $417,602
Total Liabilities $808,968
Net Assets -$391,366
Compensation
Key Employees and Officers Compensation Related Other
Karen Winner Sed (Vice President) $0 $0 $0
Fran Billen (Secretary) $0 $0 $0
Bob Lucas (President) $0 $0 $0
Alan Nathan (Board Member) $0 $0 $0
Lizette Olsen (Treasurer) $0 $0 $0
Wilma Torres (Ceo) $0 $102,515 $16,593
Michelle Clarke (Cfo) $0 $61,909 $9,272

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$84,980
Expenses
$109,834
Net Income
-$24,854
Net Assets
-$367,265
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $84,880
99.9%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $97
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $442,916
Total Liabilities $810,181
Net Assets -$367,265
Compensation
Key Employees and Officers Compensation Related Other
Karen Winner Sed (Vice President) $0 $0 $0
Fran Billen (Secretary) $0 $0 $0
Bob Lucas (President) $0 $0 $0
Alan Nathan (Board Member) $0 $0 $0
Lizette Olsen (Treasurer) $0 $0 $0
Jeffrey Simmons (Board Member) $0 $0 $0
Wilma Torres (Ceo) $0 $97,936 $17,260
Michelle Clarke (Cfo) $0 $50,716 $9,152

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$83,161
Expenses
$97,393
Net Income
-$14,232
Net Assets
-$342,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $80,805
97.2%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,353
2.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $19,327
19.8%
Assets/Debt
Total Assets $464,895
Total Liabilities $807,306
Net Assets -$342,411
Compensation
Key Employees and Officers Compensation Related Other
Karen Winner Sed (Vice President) $0 $0 $0
Fran Billen (Secretary) $0 $0 $0
Bob Lucas (President) $0 $0 $0
Alan Nathan (Board Member) $0 $0 $0
Lizette Olsen (Treasurer) $0 $0 $0
Jeffrey Simmons (Board Member) $0 $0 $0
Wilma Torres (Ceo) $0 $90,281 $14,993
Denise Jarrett (Cfo) $0 $45,785 $4,775

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$79,163
Expenses
$95,356
Net Income
-$16,193
Net Assets
-$328,179
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $79,160
100.0%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $20,423
21.4%
Assets/Debt
Total Assets $497,696
Total Liabilities $825,875
Net Assets -$328,179
Compensation
Key Employees and Officers Compensation Related Other
Karen Winner Sed (Vice President) $0 $0 $0
Fran Billen (Secretary) $0 $0 $0
Bob Lucas (President) $0 $0 $0
Alan Nathan (Board Member) $0 $0 $0
Lizette Olsen (Treasurer) $0 $0 $0
Wilma Torres (Ceo) $0 $87,541 $14,355
Debra Bellich (Cfo) $0 $71,809 $4,895

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$70,086
Expenses
$101,359
Net Income
-$31,273
Net Assets
-$311,986
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $70,083
100.0%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $25,408
25.1%
Assets/Debt
Total Assets $499,720
Total Liabilities $811,706
Net Assets -$311,986

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$77,822
Expenses
$106,731
Net Income
-$28,909
Net Assets
-$283,733
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $77,819
100.0%
Investment Income $3
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $21,345
20.0%
Assets/Debt
Total Assets $518,122
Total Liabilities $801,855
Net Assets -$283,733

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$63,125
Expenses
$97,559
Net Income
-$34,434
Net Assets
-$257,844
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $63,121
100.0%
Investment Income $4
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $17,229
17.7%
Assets/Debt
Total Assets $543,749
Total Liabilities $801,593
Net Assets -$257,844

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$60,302
Expenses
$85,847
Net Income
-$25,545
Net Assets
-$226,430
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $60,292
100.0%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $17,543
20.4%
Assets/Debt
Total Assets $561,374
Total Liabilities $787,804
Net Assets -$226,430

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$64,429
Expenses
$99,013
Net Income
-$34,584
Net Assets
-$203,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $64,419
100.0%
Investment Income $10
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $22,172
22.4%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $575,327
Total Liabilities $779,232
Net Assets -$203,905

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$74,401
Expenses
$99,224
Net Income
-$24,823
Net Assets
-$172,341
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $73,867
99.3%
Investment Income $9
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $525
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $16,129
16.3%
Assets/Debt
Total Assets $601,152
Total Liabilities $773,493
Net Assets -$172,341

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$77,583
Expenses
$96,239
Net Income
-$18,656
Net Assets
-$150,538
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $77,569
100.0%
Investment Income $12
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $19,440
20.2%
Assets/Debt
Total Assets $627,498
Total Liabilities $778,036
Net Assets -$150,538

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$76,526
Expenses
$100,777
Net Income
-$24,251
Net Assets
-$134,902
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $75,066
98.1%
Investment Income $22
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $1,438
1.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $21,980
21.8%
Assets/Debt
Total Assets $645,185
Total Liabilities $780,087
Net Assets -$134,902

Document Links

Fiscal Year Ending June
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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