Housing Resources Inc
- Assets
- $1.8m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 35
- Location
- Milwaukee, WI
- Founding
- 03/1992
- Data as of
- 12/2023
- 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 12/2023, Housing Resources Inc employed 35 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 12/2023, Housing Resources Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $3.1m during the year ending 12/2023. While expenses have increased by 10.5% per year over the past 9 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
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 |
|---|---|---|---|
Eliana Williams President | OfficerTrustee | 1 | $0 |
Lawanda Chambers Vice President | OfficerTrustee | 1 | $0 |
Sandra Rubin Secretary | OfficerTrustee | 1 | $0 |
Joe Bova Treasurer | OfficerTrustee | 1 | $0 |
Vinitia Strong-Mcdonald Director | Trustee | 1 | $0 |
Sarah Greenberg Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $68,650 |
| Membership dues | $0 |
| Fundraising events | $25,000 |
| Related organizations | $0 |
| Government grants | $2,117,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $356,723 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,568,253 |
| Total Program Service Revenue | $205,566 |
| Investment income | $2,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$4,216 |
| Net Income from Fundraising Events | $67,659 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,845,243 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $651,021 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $158,780 |
| Compensation of current officers, directors, key employees. | $18,674 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,421,450 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $209,919 |
| Payroll taxes | $128,293 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $71,716 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,287 |
| Advertising and promotion | $3,970 |
| Office expenses | $60,002 |
| Information technology | $65,285 |
| Royalties | $0 |
| Occupancy | $116,904 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,377 |
| Interest | $8,060 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,432 |
| Insurance | $21,491 |
| All other expenses | $0 |
| Total functional expenses | $3,076,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,141 |
| Savings and temporary cash investments | $492,091 |
| Pledges and grants receivable | $405,794 |
| Accounts receivable, net | $17,687 |
| 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 | $38,421 |
| Net Land, buildings, and equipment | $294,600 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,017 |
| Total assets | $1,827,751 |
| Accounts payable and accrued expenses | $153,168 |
| Grants payable | $0 |
| Deferred revenue | $207,629 |
| 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 | $85,095 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $254,408 |
| Total liabilities | $700,300 |
| Net assets without donor restrictions | $866,294 |
| Net assets with donor restrictions | $261,157 |
| 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 | $1,827,751 |