Housing Initiatives Inc
- Assets
- $7.9m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 11
- Location
- Madison, WI
- Founding
- 12/1994
- Data as of
- 12/2021
- EIN
- 39-1781842
Organization Overview
Housing Initiatives Inc is located in Madison, WI. The organization was established in 1994. According to its NTEE Classification (J21) the organization is classified as: Vocational Counseling, under the broad grouping of Employment and related organizations. As of 12/2021, Housing Initiatives Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Housing Initiatives 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 Initiatives Inc generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 3.5% 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
HOUSING INITIATIVES PROVIDES HOUSING ASSISTANCE TO HARD-TO-SERVE HOMELESS PERSONS WITH DISABILITIES, MENTAL ILLNESS, AND DRUG AND ALCOHOL PROBLEMS PRIMARILY IN THE DANE COUNTY, WISCONSIN AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING INITIATIVES IDENTIFIES AND PUCHASES PROPERTIES THAT ARE USED TO PROVIDE SHELTER TO LOW-INCOME PERSONS AND/OR PERSONS WITH DISABILITIES, MENTAL ILLNESS, AND DRUG AND ALCOHOL PROBLEMS. HOUSING INITITATIVES CURRENTLY HAS 151 SEPARATE APARTMENTS IN 33 BUILDINGS.
HOUSING INITIATIVES PROVIDED RENTAL ASSISTANCE TO 25 LOW-INCOME PERSONS AND/OR PERSONS WITH DISABILITIES, MENTAL ILLNESS, AND DRUG AND ALCOHOL PROBLEMS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bradley Hinkfuss Executive Director | Officer | 40 | $81,990 |
Kathryn Nichol MD Ms Vice President | OfficerTrustee | 1 | $0 |
Dave Flanagan Secretary | OfficerTrustee | 1 | $0 |
Douglas Kirk President | OfficerTrustee | 1 | $0 |
Byron Olson Treasurer | OfficerTrustee | 1 | $0 |
Ed Gleason Past President | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $14,493 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $190,464 |
| All other contributions, gifts, grants, and similar amounts not included above | $67,709 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $272,666 |
| Total Program Service Revenue | $1,970,091 |
| Investment income | $365 |
| 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 | $2,245,311 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $304,608 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,517 |
| Compensation of current officers, directors, key employees. | $53,110 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $411,550 |
| Pension plan accruals and contributions | $18,880 |
| Other employee benefits | $146,667 |
| Payroll taxes | $44,538 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,020 |
| Fees for services: Accounting | $28,745 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $35,648 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $514,020 |
| Travel | $13,185 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $978 |
| Interest | $140,570 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $306,782 |
| Insurance | $70,231 |
| All other expenses | $0 |
| Total functional expenses | $2,132,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $653,426 |
| Savings and temporary cash investments | $263,411 |
| Pledges and grants receivable | $5 |
| Accounts receivable, net | $55,220 |
| 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 | $35,930 |
| Net Land, buildings, and equipment | $6,492,628 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $371,953 |
| Total assets | $7,872,573 |
| Accounts payable and accrued expenses | $280,436 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $8,300,174 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $8,580,610 |
| Net assets without donor restrictions | -$1,079,991 |
| Net assets with donor restrictions | $371,954 |
| 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 | $7,872,573 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Housing Initiatives Inc has recieved totaling $8,994.
| Awarding Organization | Amount |
|---|---|
Community Shares Of Wisconsin Inc Madison, WI PURPOSE: GENERAL SUPPORT | $7,994 |
Alliant Energy Foundation Inc Madison, WI PURPOSE: MATCHING GIFTS | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Comunidades Latinas Unidas En Servicio Inc St Paul, MN | $10,879,929 | $14,108,082 |
Hmong American Partnership Saint Paul, MN | $22,942,543 | $12,199,212 |
Operation Fresh Start Inc Madison, WI | $6,034,094 | $3,600,246 |
Family-Centered Educational Agency Inc South Holland, IL | $1,471,193 | $2,445,296 |
Housing Initiatives Inc Madison, WI | $7,872,573 | $2,245,311 |
Soar Career Solutions Duluth, MN | $346,760 | $1,200,667 |
Womens Resource Center Grand Rapids, MI | $1,028,164 | $1,256,657 |
Kayd Foundation Inc Saint Paul, MN | $511,754 | $632,250 |
Momenta Inc Oak Park, IL | $116,378 | $202,799 |
We Evanston Evanston, IL | $78,214 | $0 |
Diamond Kut Charities Homewood, IL | $26,871 | $48,664 |
Vineyard Village Monroe, MI | $29,313 | $0 |