Hope & A Future Iii Inc

Organization Overview

Hope & A Future Iii Inc is located in Madison, WI. The organization was established in 2010. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Hope & A Future Iii Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hope & A Future Iii Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Hope & A Future Iii Inc generated $470.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $304.7k during the year ending 12/2022. While expenses have increased by 3.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE FOSTERING OF DECENT HOUSING WHICH IS AFFORDABLE BY LOW-INCOME AND MODERATE-INCOME HOUSEHOLDS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

HOPE & A FUTURE CURRENTLY OPERATES A LICENSED ADULT FAMILY HOME (AFH) THAT PROVIDES CARE TO OLDER ADULTS WITH A WIDE VARIETY OF DIAGNOSES. OUR PIONEERING MODEL INCLUDES A LIVE-IN REGISTERED NURSE AND OCCUPATIONAL THERAPIST AS WELL AS HANDS ON CARE GIVERS WHO RECEIVE ROOM AND BOARD IN EXCHANGE FOR HELPING WITH EVENING AND WEEKEND HOURS. THIS MODEL OVERCOMES THE CAREGIVER CRISIS AND GIVES SENIORS A STABLE STAFF WHILE ALSO PROVIDING LOW-INCOME WAGE EARNERS A STABLE HOME IN THE CONTEXT OF A FAMILY OF FRIENDS. OUR AFH IS HOME TO SENIOR RESIDENTS, STAFF, AND SOMETIMES THE STAFF'S CHILDREN. STAFF AND RESIDENTS ENJOY GOAL-DIRECTED LIVING AND THE SUPPORT OF EACH OTHER. THE HEALTH OF OLDER ADULTS IMPROVES EVEN IN THE FACE OF ADVANCING DISEASE AND DEMENTIA. RESIDENTS FLOURISH TOGETHER. AND WHEN THE END OF LIFE COMES, WE WORK WITH HOSPICE ALLOWING RESIDENTS TO REMAIN WITH THEIR FAMILY OF FRIENDS. WHILE HOPE & A FUTURE NORMALLY ENJOYS ROBUST INTERACTION WITH COMMUNITY VOLUNTEERS, THE PANDEMIC BROUGHT AN ABRUPT HALT TO MANY OF OUR REGULAR EVENTS AND COMMUNITY VOLUNTEER OPPORTUNITIES. WE NAVIGATED COMMUNITY INVOLVEMENT AND SOME VOLUNTEER ACTIVITIES VIRTUALLY. FAMILY AND LOVED ONES ALSO UTILIZED PHONES, TECHNOLOGY AND OUR VISITING "BUBBLE" WHICH IS A ROOM WITHIN A ROOM WITH A VISITING WINDOW. IN THE SPRING OF 2022, WE DISMANTLED THE BUBBLE AND CREATED COMFORTABLE OUTDOOR VISITING SPACES. WE ALSO HOSTED OUTDOOR VOLUNTEER AND MUSIC EVENTS AND BEGAN TO ENJOY MORE EVENTS WITH FAMILY MEMBERS ONSITE. WE HAVE CONTINUED TO WORK VIRTUALLY ON OUR EXPANSION. OUR GOAL TO MOVE FORWARD WITH OUR PIONEERING TIIN MODEL CONTINUES. IN 2021 WE IDENTIFIED A MODEL THAT RECEIVED THE GO AHEAD FROM GOVERNING AUTHORITIES. WE ARE CURRENTLY ENGAGED IN PLANNING FOR AN EXPANSION OF HOUSING AND SERVICES.WE HAVE CONTRACTS WITH OUR EXPANSION TEAM INCLUDING ARCHITECTS AND ENGINEERS. OUR CURRENT DEVELOPMENT CONSULTANT IS WORKING PRO-BONO AND WE HAVE A VOLUNTEER FUNDRAISING COMMITTEE ESTABLISHED. IT WAS DETERMINED WE NEEDED TO ANNEX FROM THE TOWN OF MIDDLETON INTO THE CITY OF MADISON TO MOVE FORWARD. THIS PROCESS DELAYED OUR TIMELINE BUT WE ARE IN THE MIDST OF WORKING WITH GOVERNING BODIES AND MOVING TOWARD ANNEXATION AND ZONING. FUNDRAISING EFFORTS WILL RESUME FOLLOWING ZONING DESIGNATION. OUR GOAL IS TO BREAK GROUND IN 2024.


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Board, Officers & Key Employees

Name (title)Compensation
Mark Barnard
President
$0
Paula Reif
Vice President
$12,696
Derek Kraemer
Secretary And Treasurer
$0
Jean Collins
Secretary (thru April)
$0
Therese Alexander
Director
$587
Ann Shade
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$188,348
Noncash contributions included in lines 1a–1f $343
Total Revenue from Contributions, Gifts, Grants & Similar$188,348
Total Program Service Revenue$281,588
Investment income $267
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $470,547

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