Moving Out Inc
- Assets
- $25.6m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 17
- Location
- Madison, WI
- Founding
- 04/1996
- Data as of
- 12/2023
- EIN
- 39-1833482
Organization Overview
Moving Out Inc is located in Madison, WI. The organization was established in 1996. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2023, Moving Out Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Moving Out 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, Moving Out Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 7.2% each year. All expenses for the organization totaled $4.6m during the year ending 12/2023. While expenses have increased by 11.1% 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
CREATES HOUSING SOLUTIONS FOR LOW-INCOME PEOPLE WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOUSING COUNSELING: MOVIN' OUT PROVIDES HOUSING COUNSELING AND ARRANGES BELOW-MARKET FINANCING FOR PURCHASE AND REHABILITATION OF HOMES BY LOW-INCOME HOUSEHOLDS THAT INCLUDE A PERSON WITH DISABILITIES.
RENTAL HOUSING: MOVIN' OUT OFFERS A VARIETY OF RENTAL HOUSING FOR LOW-INCOME HOUSEHOLDS THAT INCLUDE A PERSON WITH DISABILITIES.
HOUSING DEVELOPMENT: MOVIN' OUT DEVELOPS COMMUNITY-INTEGRATED RENTAL HOUSING IN PARTNERSHIP WITH OTHER DEVELOPERS FOR LOW-INCOME HOUSEHOLDS THAT INCLUDE A PERSON WITH DISABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail Tessmann Director | Trustee | 1 | $0 |
Alyssa Ryanjoy Director | Trustee | 1 | $0 |
Ariam Kesete Director | Trustee | 1 | $0 |
David Scribbins Vice President | OfficerTrustee | 2 | $0 |
Georgia Allen President | OfficerTrustee | 2 | $0 |
Kelly Hilyard Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,183,074 |
| All other contributions, gifts, grants, and similar amounts not included above | $663,044 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,846,118 |
| Total Program Service Revenue | $1,674,727 |
| Investment income | $10,336 |
| 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 | $3,531,181 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $788,201 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $253,512 |
| Compensation of current officers, directors, key employees. | $49,522 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $798,227 |
| Pension plan accruals and contributions | $43,780 |
| Other employee benefits | $108,020 |
| Payroll taxes | $79,774 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $112,045 |
| Fees for services: Accounting | $69,310 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,270 |
| Advertising and promotion | $0 |
| Office expenses | $34,967 |
| Information technology | $17,581 |
| Royalties | $0 |
| Occupancy | $53,099 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,878 |
| Payments to affiliates | $113,550 |
| Depreciation, depletion, and amortization | $119,315 |
| Insurance | $28,367 |
| All other expenses | $1,533 |
| Total functional expenses | $4,582,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,404,166 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $148,431 |
| Accounts receivable, net | $1,322,411 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,020,637 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,355,993 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $1,305,976 |
| Intangible assets | $352,039 |
| Other assets | $718,218 |
| Total assets | $25,627,871 |
| Accounts payable and accrued expenses | $340,536 |
| Grants payable | $0 |
| Deferred revenue | $18,662 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $19,134 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,177,026 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $385,400 |
| Total liabilities | $15,940,758 |
| Net assets without donor restrictions | $7,628,959 |
| Net assets with donor restrictions | $2,058,154 |
| 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 | $25,627,871 |