Future Wisconsin Housing Fund Inc
- Assets
- $105.3m
- Revenue
- $25.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Middleton, WI
- Founding
- 09/2000
- Data as of
- 12/2021
- 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 12/2021, Future Wisconsin Housing Fund Inc generated $25.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $21.4m during the year ending 12/2021. While expenses have increased by 5.3% 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
PROVIDE RENTAL HOUSING TO LOW-INCOME INDIVIDUALS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVERSEE PROJECTS THAT CONSTRUCT, DEVELOP AND OPERATE LOW/VERY-LOW INCOME MULTIFAMILY HOUSING UNITS IN WISCONSIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Hansen Director/chairman | OfficerTrustee | 2 | $3,650 |
William Greer Director/vice President | OfficerTrustee | 1 | $2,850 |
Pat Quinn Director | Trustee | 1 | $2,650 |
Dave Beck-Engel Director | Trustee | 1 | $2,650 |
Ann Wenzel Director | Trustee | 1 | $2,350 |
Doug Nelson Director | Trustee | 1 | $2,100 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sid Grinker Restoration Inc Restoration | 12/30/21 | $344,411 |
Meridian Group Inc Property/ Asset Management | 12/30/21 | $2,515,488 |
Ctw Abbey Carpet & Floor Flooring | 12/30/21 | $193,161 |
Wm Corporate Services Inc Waste Management | 12/30/21 | $191,317 |
Baker Tilly Us Llp Accounting | 12/30/21 | $175,325 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $195,098 |
| 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 | $195,098 |
| Total Program Service Revenue | $25,135,970 |
| Investment income | $16,859 |
| 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 | $25,347,927 |
| 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. | $16,250 |
| 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 | $1,546,017 |
| Fees for services: Legal | $39,998 |
| Fees for services: Accounting | $175,325 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $727,450 |
| Advertising and promotion | $40,872 |
| Office expenses | $501,670 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $147,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,552 |
| Interest | $2,379,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,202,178 |
| Insurance | $892,955 |
| All other expenses | $874,080 |
| Total functional expenses | $21,405,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,622,288 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $178,890 |
| Accounts receivable, net | $162,810 |
| 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 | $33,676 |
| Net Land, buildings, and equipment | $84,905,015 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,389,147 |
| Total assets | $105,291,826 |
| Accounts payable and accrued expenses | $834,688 |
| 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 | $64,329,806 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $827,004 |
| Total liabilities | $65,991,498 |
| 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 | $39,300,328 |
| Total liabilities and net assets/fund balances | $105,291,826 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Future Wisconsin Housing Fund Inc Middleton, WI | $105,291,826 | $25,347,927 |
Center For Veterans Issues Inc Milwaukee, WI | $5,642,001 | $8,532,002 |
Neighborworks Home Partners Saint Paul, MN | $22,327,379 | $11,840,532 |
Full Circle Communities Inc Chicago, IL | $146,223,116 | $65,892,596 |
Humble Design Inc Pontiac, MI | $2,806,742 | $4,815,118 |
Little Earth Of United Tribes Housing Corporation Minneapolis, MN | $16,435,271 | $3,915,477 |
Heartland Housing Inc Chicago, IL | $62,362,364 | $6,250,781 |
Iccf Nonprofit Housing Corporation Grand Rapids, MI | $1,860,617 | $4,091,908 |
Habitat For Humanity International Inc Wheaton, IL | $6,181,970 | $4,027,950 |
Invest Dsm Des Moines, IA | $13,108,701 | $110,576 |
Daytons Bluff Neighborhood Housing Services Inc Saint Paul, MN | $22,257,418 | $1,487,305 |
Neighborhood Development Corp Des Moines, IA | $6,803,177 | $2,495,754 |