Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 39-1781842

HOUSING INITIATIVES INC

Tax-exempt · MADISON, WI 53704

Financials

$2.5M$2.6M2023$2.7M$2.6M2024
Revenue Expenses · by fiscal year end
Financials of HOUSING INITIATIVES INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$2,672,822$2,597,376$75,446$7,414,227$8,240,121-$825,894
December 31, 2023990$2,494,685$2,626,821-$132,136$7,590,005$8,414,175-$824,170
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$396,468
of which government grants
$342,869
Program service revenue
$2,217,276
Investment income
$55,801
Other revenue
$3,277

Expenses

Grants and similar amounts paid
$283,814
Compensation of officers, directors and key employees
$110,753
Other salaries and wages
$575,336
Salaries, compensation and benefits (total)
$941,043
Professional fundraising fees
$0
Legal fees
$21,632
Accounting fees
$50,393
Occupancy
$660,517
Travel
$21,855
Depreciation
$306,239
Program services (functional)
$2,197,131
Management and general (functional)
$372,906
Fundraising (functional)
$27,339

Balance sheet and other

Total assets, start of year
$7,590,005
Total assets, end of year
$7,414,227
Total liabilities, end of year
$8,240,121
Net assets, end of year
-$825,894
Land, buildings and equipment
$5,734,875
Publicly traded securities
$657,331
Net assets without donor restrictions
-$955,828
Net assets with donor restrictions
$129,934
Gross receipts
$2,672,822
Employees
15
Volunteers
15
Year formed
1993
State of legal domicile
WI

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
BRADLEY HINKFUSSEXECUTIVE DIRECTOR
Officer
40$105,802$7,634
DOUGLAS KIRKPRESIDENT
Trustee or director, Officer
1$0$0
KATHRYN NICHOL MD MSVICE PRESIDENT
Trustee or director, Officer
1$0$0
BYRON OLSONTREASURER
Trustee or director, Officer
1$0$0
DAVID FLANAGANSECRETARY
Trustee or director, Officer
1$0$0
ED GLEASONPAST PRESIDENT
Trustee or director
1$0$0
CHRIS PRESTIGIACOMOMEMBER
Trustee or director
1$0$0
ERIK PETTERSENMEMBER
Trustee or director
1$0$0
NIKYRA MCCANNMEMBER
Trustee or director
1$0$0
DOROTHEA TORSTENSONMEMBER
Trustee or director
1$0$0
DEAN KRAHNMEMBER
Trustee or director
1$0$0
EMILY FRANCISMEMBER
Trustee or director
1$0$0
NICK EULLMEMBER
Trustee or director
1$0$0
DAN LOHRMEMBER
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
BRADLEY HINKFUSSEXECUTIVE DIRECTOR
Officer
40$97,260$7,634
DOUGLAS KIRKPRESIDENT
Trustee or director, Officer
1$0$0
KATHRYN NICHOL MD MSVICE PRESIDENT
Trustee or director, Officer
1$0$0
BYRON OLSONTREASURER
Trustee or director, Officer
1$0$0
DAVE FLANAGANSECRETARY
Trustee or director, Officer
1$0$0
ED GLEASONPAST PRESIDENT
Trustee or director
1$0$0
CHRIS PRESTIGIACOMOMEMBER
Trustee or director
1$0$0
ERIK PETTERSENMEMBER
Trustee or director
1$0$0
NIKYRA MCCANNMEMBER
Trustee or director
1$0$0
DOROTHEA TORSTENSONMEMBER
Trustee or director
1$0$0
DEAN KRAHNMEMBER
Trustee or director
1$0$0
EMILY FRANCISMEMBER
Trustee or director
1$0$0
NICK EULLMEMBER
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1110 RUSKIN ST, MADISON, WI 53704-4200
Principal officer (990 for 2024)
BRAD HINKFUSS, 1110 RUSKIN STREET, MADISON, WI 53704
Signed the 990
BRAD HINKFUSS, EXECUTIVE DIRECTOR
Phone
(608) 277-8330
Return prepared by
JOHNSON BLOCK & CO INC

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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 (150 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 ASSISTANCE PAYMENTS FOR CLIENTS NOT HOUSED IN HOUSING INITIATIVE OWNED PROPERTIES.
    Expenses $2,197,131 · grants $283,814 · revenue $2,220,553

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
39-1781842
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Employment (J21Z)
Assets (IRS master file)
$7,414,227
Income (IRS master file)
$2,672,822

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$2,672,822$2,597,376$7,414,227XML
990December 2023$2,494,685$2,626,821$7,590,005XML
990December 2022$2,568,876$2,405,219$7,952,682IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-1781842).

Questions about HOUSING INITIATIVES INC

What is the EIN of HOUSING INITIATIVES INC?
The employer identification number (EIN) of HOUSING INITIATIVES INC is 39-1781842.
Is HOUSING INITIATIVES INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
Are donations to HOUSING INITIATIVES INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HOUSING INITIATIVES INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of HOUSING INITIATIVES INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did HOUSING INITIATIVES INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of HOUSING INITIATIVES INC?
The 990 for the year ended December 31, 2024 names BRAD HINKFUSS.
Who are the officers and directors of HOUSING INITIATIVES INC?
The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $105,802 (BRADLEY HINKFUSS, EXECUTIVE DIRECTOR).
How much revenue does HOUSING INITIATIVES INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $2,672,822, expenses of $2,597,376 and total assets of $7,414,227 at year end.

Other nonprofits in MADISON

All nonprofits in MADISON · Wisconsin · Employment