everyledgerAn index of 679,731 U.S. nonprofits · computed from public IRS filings · current through 2024

Independence Square Apartments Inc

Fort Gratiot, MI / EIN 38-2581584 / Form 990-EZ / latest filing 2023
Operating record · U.S. dollars
Fiscal yearRevenueExpensesNetReserve mo.Staff %
201185,358107,210−21,852-20.10%
201288,215107,310−19,095-22.20%
201345,303104,645−59,342-29.50%
201487,510108,057−20,547-30.90%
201587,414117,184−29,770-31.5
201688,359104,763−16,404-37.2
201785,90592,473−6,568-42.9
201891,72586,6695,056-45.1
201992,22595,216−2,991-41.4
202096,46391,7384,725-42.4
202197,54979,87617,673-30.4
202299,18791,3237,864-25.6
2023101,574101,49777-23.0

In its most recent public year (2023), this organization brought in $77 more than it spent. Its liabilities exceeded its net assets — reserves were below zero (-23 months), down from -20.1 in 2011.

Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings

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