Housing Resources Inc
- Assets
- $1.3m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 30
- Location
- Milwaukee, WI
- Founding
- 03/1992
- Data as of
- 12/2021
- EIN
- 39-1706658
Organization Overview
Housing Resources Inc is located in Milwaukee, WI. The organization was established in 1992. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Housing Resources Inc employed 30 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Resources 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 12/2021, Housing Resources Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 17.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE PEOPLE FOR SUCCESSFUL HOME OWNERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING SUPPORT, EDUCATION AND ADVOCACY FOR ANYONE IN MILWAUKEE, RACINE, AND WAUKESHA WHO WISHES TO BECOME A HOMEOWNER AND AFTER THEY HAVE PURCHASED HOMES SO THAT THEY CAN REMAIN SUCCESSFUL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Trena Bond Executive Director | Officer | 40 | $133,819 |
Eliana Williams Vice President | OfficerTrustee | 1 | $0 |
Vinitia Strong-Mcdonald Secretary | OfficerTrustee | 1 | $0 |
Kathy Gentry President | OfficerTrustee | 1 | $0 |
Joe Bova Director | Trustee | 1 | $0 |
Lawanda Chambers Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $80,910 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,297,241 |
| All other contributions, gifts, grants, and similar amounts not included above | $600,267 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,978,418 |
| Total Program Service Revenue | $238,527 |
| Investment income | $139 |
| 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 | $4,218,125 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,926,043 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $152,058 |
| Compensation of current officers, directors, key employees. | $17,335 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,114,475 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $156,880 |
| Payroll taxes | $92,800 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $54,074 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,763 |
| Advertising and promotion | $12,934 |
| Office expenses | $64,128 |
| Information technology | $46,155 |
| Royalties | $0 |
| Occupancy | $67,450 |
| Travel | $803 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,703 |
| Interest | $1,188 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,557 |
| Insurance | $11,479 |
| All other expenses | $0 |
| Total functional expenses | $3,773,230 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,978 |
| Savings and temporary cash investments | $264,241 |
| Pledges and grants receivable | $298,652 |
| Accounts receivable, net | $18,200 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $33,931 |
| Net Land, buildings, and equipment | $316,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,185 |
| Total assets | $1,278,452 |
| Accounts payable and accrued expenses | $98,274 |
| Grants payable | $0 |
| Deferred revenue | $149,112 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,643 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $263,029 |
| Net assets without donor restrictions | $884,840 |
| Net assets with donor restrictions | $130,583 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,278,452 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Housing Resources Inc has recieved totaling $427,613.
| Awarding Organization | Amount |
|---|---|
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI PURPOSE: DOWN PAYMENT ASSISTANCE | $125,000 |
Joseph And Vera Zilber Charitable Foundation Inc Milwaukee, WI PURPOSE: HOMEBUYER EDUCATION AND COUNSELING | $75,000 |
United Way Of Racine County Inc Racine, WI PURPOSE: RACINE FINANCIAL EMPOWERMENT CENTER AND LIFT, HOME BUYER EDUCATION AND COUNSELING | $58,400 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: BUILDING CAPACITY HOMEOWNERSHIP ASSISTANCE PROGRAM | $50,000 |
Greater Milwaukee Foundation Inc Milwaukee, WI PURPOSE: BUILDING CAPACITY HOMEOWNERSHIP ASSISTANCE PROGRAM | $50,000 |
Racine Community Foundation Inc Racine, WI PURPOSE: RACINE HOMEBUYER EDUCATION & COUNSELING PROGRAM | $32,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Community Contacts Inc Elgin, IL | $3,819,582 | $12,869,082 |
Institute For Community Alliances Des Moines, IA | $2,443,302 | $12,133,028 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
Western Home Services Inc Cedar Falls, IA | $36,931,248 | $9,460,886 |
Chicago Metropolitan Housing Development Corporation Chicago, IL | $46,092,100 | $7,394,940 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
Partners For Community Development Inc Sheboygan, WI | $8,253,882 | $7,968,342 |
West Chicago Preservation Corp Chicago, IL | $9,151,204 | $2,715,959 |
Bridge Communities Inc Glen Ellyn, IL | $16,127,143 | $5,545,489 |
Minnesota Home Ownership Center St Paul, MN | $17,549,875 | $3,064,242 |
Land Bank Twin Cities Inc St Anthony, MN | $25,684,992 | $6,229,470 |