2024-10-28T12:27:20-05:00 2023-12-31 391628949 JOHNSON BLOCK & CO INC 9701 BRADER WAY SUITE 202 MIDDLETON WI 53562 990 2023-01-01 391781842 HOUSING INITIATIVES INC HOUS 6082778330 1110 RUSKIN STREET MADISON WI 53704 BRAD HINKFUSS EXECUTIVE DIRECTOR 6082778330 2024-10-25 1 1 TARA BAST P01290347 6082742002 2023 2024-10-15 13:58:12Z BRAD HINKFUSS 1110 RUSKIN ST MADISON WI 53704 2494685 0 X WWW.HOUSINGINIT.ORG X 1993 WI 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. 12 12 12 22 0 0 484759 292222 1926821 2117511 4680 24413 152616 60539 2568876 2494685 289091 299223 0 0 755339 888522 0 0 27295 1360789 1439076 2405219 2626821 163657 -132136 7952682 7590005 8580697 8414175 -628015 -824170 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. 0 0 2206607 299223 2178050 HOUSING INITIATIVES PROVIDES PERMANENT SUPPORTIVE HOUSING (PSH) TO OVER 200 CLIENTS USING RENTAL ASSISTANCE GRANT FUNDS FROM THE FEDERAL GOVERNMENT, SECTION 8 VOUCHERS AND OTHER SOURCES. THE AGENCY PRIMARILY DOES THIS THROUGH A TOTAL OF 33 PROPERTIES (151 UNITS) THAT THE AGENCY OWNS AND/OR OPERATES. ALL CLIENTS ARE FORMERLY HOMELESS AND EXPERIENCE SERIOUS MENTAL HEALTH CONDITIONS, OFTEN CONCURRENT TO SUBSTANCE ABUSE OR OTHER PAST TRAUMA. GRANTS REPORTED ARE THE AMOUNTS OF DIRECT ASSISTANCE AND SUPPORT COSTS TO INDIVIDUALS AS WELL AS RENTAL ASSITANCE PAYMENTS FOR CLIENTS NOT HOUSED IN HOUSING INITIATIVE OWNED PROPERTIES. 2206607 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 12 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 WI X BRAD HINKFUSS 6082778330 1110 RUSKIN STREET MADISON WI 53704 DOUGLAS KIRK PRESIDENT 1.00 X X 0 0 0 KATHRYN NICHOL MD MS VICE PRESIDENT 1.00 X X 0 0 0 BYRON OLSON TREASURER 1.00 X X 0 0 0 DAVE FLANAGAN SECRETARY 1.00 X X 0 0 0 ED GLEASON PAST PRESIDENT 1.00 X 0 0 0 CHRIS PRESTIGIACOMO MEMBER 1.00 X 0 0 0 ERIK PETTERSEN MEMBER 1.00 X 0 0 0 NIKYRA MCCANN MEMBER 1.00 X 0 0 0 DOROTHEA TORSTENSON MEMBER 1.00 X 0 0 0 DEAN KRAHN MEMBER 1.00 X 0 0 0 EMILY FRANCIS MEMBER 1.00 X 0 0 0 NICK EULL MEMBER 1.00 X 0 0 0 BRADLEY HINKFUSS EXECUTIVE DIRECTOR 40.00 X 97260 0 7634 97260 0 7634 0 0 0 0 0 8154 260929 23139 292222 RENTAL INCOME 531110 2115061 2115061 REPAIR REIMBURSEMENT 900099 2450 2450 2117511 24413 24413 INSURANCE PROCEEDS 900099 60387 60387 MISCELLANEOUS REVENUE 900099 152 152 60539 2494685 2178050 0 24413 299223 299223 104894 31468 62937 10489 517713 375370 134385 7958 20897 15438 5194 265 191899 127278 59310 5311 53119 34943 16648 1528 10962 7380 3582 42748 42748 24773 1668 23032 73 37867 12681 24154 1032 699184 692892 6292 22217 14615 6963 639 2556 1278 1278 131572 131572 305109 302326 2783 101510 97897 3613 BAD DEBT EXPENSE 58103 58103 LOAN FEE 1575 1575 MISCELLANEOUS 900 900 2626821 2206607 392919 27295 973851 132185 299105 546124 57652 240062 53132 27206 25025 3322 10135115 4123338 6255601 6011777 629329 288316 0 7952682 7590005 421943 379451 23359 8158754 8011365 8580697 8414175 X -916330 -1031848 288315 207678 -628015 -824170 7952682 7590005 X -132136 16618 -80637 X 0 1 X 1 1 1 X 270092 361000 272666 484759 292222 1680739 270092 361000 272666 484759 292222 1680739 1680739 5710 1638 365 4680 24413 36806 1717545 3453823 0.97860 0.98970 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1509408 1509408 8464687 4077476 4387211 114087 114087 46933 45862 1071 6011777 X 2511303 16618 16618 2494685 0 2494685 2626821 0 2626821 0 2626821 PART X, LINE 2: HOUSING INITIATIVES, INC. EVALUATES ITS UNCERTAIN TAX POSITIONS IN ACCORDANCE WITH PROFESSIONAL STANDARDS. FOR THE YEARS ENDED 2023, HOUSING INITIATIVES, INC. BELIEVES ALL TAX POSITIONS TO BE HIGHLY CERTAIN. WITH FEW EXCEPTIONS, HOUSING INITIATIVES, INC. IS NO LONGER SUBJECT TO SUCH EXAMINATIONS FOR YEARS BEFORE 2020. 1 RENTAL ASSISTANCE TO LOW INCOME PERSONS AND/OR PERSONS WITH DISABILITIES, MENTAL ILLNESS, AND DRUG AND ALCOHOL PROBLEMS 16 264873 TRANSPORTATION, FOOD ASSISTANCE, MONTHLY PHONE SERVICE RENEWAL, AND PATIENT OUT-OF-POCKET MEDICAL EXPENSES 138 34350 PART I, LINE 2: HOUSING INITIATIVES EMPLOYEES PROVIDE ONGOING SUPPORTIVE SERVICES TO THOSE PERSONS THAT ARE PROVIDED RENTAL ASSISTANCE AND REGULARLY MONITOR EXPENSES, PARTICIPANT ELIGIBILITY, AND OTHER REQUIREMENTS TO ENSURE COMPLIANCE WITH THE PROVISIONS OF THE SHELTER PLUS CARE PROGRAM. FORM 990, PART VI, SECTION B, LINE 11B THE PREPARED FORM 990 IS PROVIDED TO THE MEMBERS OF THE GOVERNING BODY BEFORE THE RETURN IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY ALL DIRECTORS AND OFFICERS COMPLETE AND SIGN A STATEMENT THAT PROVIDES INFORMATION REGARDING THEIR INTERESTS AND THOSE OF THEIR FAMILY MEMBERS THAT COULD GIVE RISE TO CONFLICTS. THE MEMBERS OF THE GOVERNING BOARD MAKE DETERMINATIONS OF WHETHER A CONFLICT IS PROHIBITED FROM PARTICIPATING IN THE GOVERNING BODY'S DELIBERATING AND DECISIONS IN THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE AND THE MEMBERS OF THE GOVERNING BODY ANNUALLY CONDUCT A PERFORMANCE REVIEW OF THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR'S COMPENSATION IS REVIEWED AND COMPARED TO PUBLIC INFORMATION ABOUT COMPENSATION IN POSITIONS AT SIMILAR ORGANIZATIONS. THE MEMBERS OF THE GOVERNING BODY APPROVE COMPENSATION FOR THE EXECUTIVE DIRECTOR WITH AN OFFICIAL VOTE WITH THE DISCUSSION AND RESULTS RECORDED IN MEETING MINUTES. THIS PROCESS WAS LAST UNDERTAKEN IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: IN-KIND EXPENSE -80,637.