Nonprofit · EIN 94-2465776
INDEPENDENCE SQUARE HOUSING CORP INC
Tax-exempt (reinstated) · WATSONVILLE, CA 95076
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $2,297,778 | $2,443,485 | -$145,707 | $3,441,775 | $228,782 | $3,212,993 |
| March 31, 2024 | 990 | $2,167,761 | $1,716,517 | $451,244 | $3,486,946 | $135,616 | $3,351,330 |
| March 31, 2023 | 990 | $1,998,333 | $1,683,476 | $314,857 | $3,023,001 | $125,769 | $2,897,232 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $1,662,534
- of which government grants
- $1,662,534
- Program service revenue
- $534,419
- Investment income
- $98,490
- Other revenue
- $2,335
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $724,113
- Salaries, compensation and benefits (total)
- $1,068,359
- Professional fundraising fees
- $0
- Legal fees
- $19,616
- Accounting fees
- $129,973
- Occupancy
- $259,889
- Travel
- $6,180
- Depreciation
- $54,300
- Program services (functional)
- $1,572,883
- Management and general (functional)
- $870,602
Balance sheet and other
- Total assets, start of year
- $3,486,946
- Total assets, end of year
- $3,441,775
- Total liabilities, end of year
- $228,782
- Net assets, end of year
- $3,212,993
- Land, buildings and equipment
- $576,236
- Net assets without donor restrictions
- $3,212,993
- Gross receipts
- $2,297,778
- Employees
- 16
- Volunteers
- 7
- Year formed
- 1977
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ARI PARKER | PRESIDENT Trustee or director, Officer | 2 | $0 |
| RAMON GOMEZ | FORMER PRESIDENT 09/24 Trustee or director | 2 | $0 |
| EDWARD ACOSTA | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| STEVE HENDERSON | TREASURER Trustee or director, Officer | 2 | $0 |
| PHILIP STEPHENS | FORMER TREASURER 10/24 Trustee or director | 2 | $0 |
| CASEY CLARK | CO-TREASURER Trustee or director, Officer | 2 | $0 |
| MARTHA VICTORIA VEGA | SECRETARY Trustee or director, Officer | 2 | $0 |
| DENNIS CHAMBERLAIN | TRUSTEE Trustee or director | 2 | $0 |
| SHANE MCKEITHEN | TRUSTEE Trustee or director | 2 | $0 |
| GRACE GOMEZ | FORMER TRUSTEE Trustee or director | 2 | $0 |
| MARSHA LARKIN MARANI | MGMT AGENT Officer | 40 | $0 |
990 for the year ended March 31, 2024: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID JOHNSTON | MGMT AGENT Officer | 40 | $66,400 |
| ARI PARKER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
| EDWARD ACOSTA | TREASURER Trustee or director, Officer | 1 | $0 |
| PHILIP A STEPHENS | TRUSTEE Trustee or director | 1 | $0 |
| MARTHA VICTORIA VEGA | TRUSTEE Trustee or director | 1 | $0 |
| GRACE GOMEZ | TRUSTEE Trustee or director | 1 | $0 |
| RAMON GOMEZ | PRESIDENT Trustee or director, Officer | 1 | $0 |
| PHILLIP YBARRA | TRUSTEE Trustee or director | 1 | $0 |
| DENNIS CHAMBERLAIN | TRUSTEE Trustee or director | 1 | $0 |
990 for the year ended March 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAVID JOHNSTON | MGMT AGENT Officer | 40 | $94,500 |
| RAMON GOMEZ | PRESIDENT Trustee or director, Officer | 1 | $0 |
| BETTY BOBEDA | TRUSTEE Trustee or director | 1 | $0 |
| GRACE GOMEZ | TRUSTEE Trustee or director | 1 | $0 |
| EDWARD ACOSTA | TREASURER Trustee or director, Officer | 1 | $0 |
| TONY GREGORIO | TRUSTEE Trustee or director | 1 | $0 |
| ARI PARKER | VICE PRESIDENT Trustee or director, Officer | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1355 MADISON ST, WATSONVILLE, CA 95076-2747
- In care of
- % DAVID JOHNSTON
- Principal officer (990 for 2024)
- MARSHA MARANI, 1355 MADISON STREET, WATSONVILLE, CA 95076
- Signed the 990
- ARI PARKER, PRESIDENT
- Phone
- (831) 724-6396
- Return prepared by
- CLIFTONLARSONALLEN LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2465776 or by the name INDEPENDENCE SQUARE HOUSING CORP INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
TO OPERATE A 100 UNIT APARTMENT COMPLEX LOCATED IN WATSONVILLE, CALIFORNIA, AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS THROUGH MORTGAGE FINANCING FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD").
Program accomplishments
- TO OPERATE A 100 UNIT APARTMENT COMPLEX LOCATED IN WATSONVILLE, CALIFORNIA, AS HOUSING FOR QUALIFIED HANDICAPPED AND ELDERLY TENANTS THROUGH MORTGAGE FINANCING FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD"). THE ORGANIZATION OPERATES THE APARTMENT COMPLEX UNDER THE PROVISIONS OF SECTION 202 OF THE NATIONAL HOUSING ACT, UTILIZING THE HUD SECTION 8 RENT SUBSIDY PROGRAM FOR ELIGIBLE TENANTS.Expenses $1,572,883 · revenue $534,419
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 94-2465776
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $3,441,775
- Income (IRS master file)
- $2,297,778
Revocation and reinstatement
- Exemption revoked
- August 15, 2013
- Posted by the IRS
- November 11, 2013
- Reinstated
- Effective August 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $2,297,778 | $2,443,485 | $3,441,775 | XML |
| 990 | March 2024 | $2,167,761 | $1,716,517 | $3,486,946 | XML |
| 990 | March 2023 | $1,998,333 | $1,683,476 | $3,023,001 | XML |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 94-2465776).
Questions about INDEPENDENCE SQUARE HOUSING CORP INC
- What is the EIN of INDEPENDENCE SQUARE HOUSING CORP INC?
- The employer identification number (EIN) of INDEPENDENCE SQUARE HOUSING CORP INC is 94-2465776.
- Is INDEPENDENCE SQUARE HOUSING CORP INC tax-exempt?
- Yes. The IRS revoked its exemption on August 15, 2013 and reinstated it effective August 15, 2013.
- Are donations to INDEPENDENCE SQUARE HOUSING CORP INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INDEPENDENCE SQUARE HOUSING CORP INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INDEPENDENCE SQUARE HOUSING CORP INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INDEPENDENCE SQUARE HOUSING CORP INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of INDEPENDENCE SQUARE HOUSING CORP INC?
- The 990 for the year ended March 31, 2025 names MARSHA MARANI.
- Who are the officers and directors of INDEPENDENCE SQUARE HOUSING CORP INC?
- The 990 for the year ended March 31, 2025 lists 11 people; 0 received compensation from the organization.
- How much revenue does INDEPENDENCE SQUARE HOUSING CORP INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $2,297,778, expenses of $2,443,485 and total assets of $3,441,775 at year end.
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