Future Wisconsin Housing Fund Inc
- Assets
- $121.6m
- Revenue
- $28.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 09/2000
- Data as of
- 12/2023
- EIN
- 39-1897032
Organization Overview
Future Wisconsin Housing Fund Inc is located in Middleton, WI. The organization was established in 2000. According to its NTEE Classification (L25) the organization is classified as: Housing Rehabilitation, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Wisconsin Housing Fund 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 12/2023, Future Wisconsin Housing Fund Inc generated $28.0m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $26.6m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE RENTAL HOUSING TO LOW-INCOME INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSEE PROJECTS THAT CONSTRUCT, DEVELOP AND OPERATE AFFORDABLE MULTIFAMILY HOUSING UNITS IN WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Greer Director/chairman | OfficerTrustee | 2 | $4,300 |
Ann Wenzel Director/vice President | OfficerTrustee | 1 | $3,500 |
Richard Hansen Director | Trustee | 1 | $3,300 |
Dave Beck-Engel Director | Trustee | 1 | $3,000 |
Doug Nelson Director | Trustee | 1 | $3,000 |
Pat Quinn Director | Trustee | 1 | $2,700 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Meridian Group Inc Property/ Asset Management | 12/30/23 | $2,824,979 |
Sid Grinker Restoration Inc Remediation/restoration | 12/30/23 | $2,408,348 |
Masonry Restoration Inc Masonry | 12/30/23 | $1,208,272 |
Ctw Abbey Carpet & Floor Flooring | 12/30/23 | $280,474 |
Wm Corporate Services Inc Waste Management | 12/30/23 | $258,614 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $247,272 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $247,272 |
| Total Program Service Revenue | $27,381,015 |
| Investment income | $339,877 |
| 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 | $27,968,164 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $19,800 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $1,734,305 |
| Fees for services: Legal | $70,002 |
| Fees for services: Accounting | $237,522 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $805,611 |
| Advertising and promotion | $46,487 |
| Office expenses | $603,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $189,550 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $64,541 |
| Interest | $3,877,251 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,509,455 |
| Insurance | $1,119,375 |
| All other expenses | $1,534,447 |
| Total functional expenses | $26,616,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,478,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $113,151 |
| Accounts receivable, net | $208,176 |
| 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 | $40,813 |
| Net Land, buildings, and equipment | $99,112,221 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $14,687,602 |
| Total assets | $121,640,885 |
| Accounts payable and accrued expenses | $1,113,133 |
| 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 | $70,160,008 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,074,652 |
| Total liabilities | $72,347,793 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $49,293,092 |
| Total liabilities and net assets/fund balances | $121,640,885 |