Overview
What is Housing Initiatives Inc?
Housing Initiatives Inc is a nonprofit organization situated in Madison, Wisconsin, specifically at 1110 Ruskin Street. Their primary mission is to offer supportive housing to over 200 vulnerable individuals who have previously experienced homelessness, often accompanied by serious mental health issues, substance abuse, or other past traumas. They achieve this through the management of 33 properties, comprising 151 units, partly funded by the federal government, Section 8 vouchers, and other sources. The organization extends assistance to its clients by providing direct aid, support costs, and rental payments. Housing Initiatives Inc primarily serves the Dane County area in Wisconsin, focusing on hard-to-reach homeless individuals with disabilities, mental illness, and substance abuse problems. The organization employs a team of 12 dedicated individuals.
Official website here: www.housinginit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Housing Initiatives Inc has received an 81% rating from Charity Navigator, indicating a strong commitment to accountability and financial transparency. This score is based entirely on their Accountability & Finance metrics, which highlights their effective management of funds and resources. With a majority of independent board members and strong oversight practices, the organization demonstrates a solid governance structure.
The organization's financial practices are commendable, as evidenced by their 85.05% program expense ratio. This indicates that a significant portion of their funds is dedicated to their programs rather than administrative costs. Additionally, Housing Initiatives Inc has implemented essential policies, such as conflict of interest and whistleblower policies, further showcasing their commitment to ethical standards.
While the overall rating is positive, potential supporters may want to consider that the score reflects only financial metrics and does not encompass other factors like program impact or community feedback. Nonetheless, the organization appears to be well-managed and focused on accountability, making it a viable option for donors looking to support housing initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Housing Initiatives Inc?
60% of the 7 reviewers on Facebook recommend Housing Initiatives Inc. Here is a summary of their reviews:
Feedback highlights a deep appreciation for the nonprofit's commitment to supporting homeless veterans, with one user emphasizing the inspiring impact of the organization on the local community. The team is seen as dedicated and passionate, treating their work not just as a job but as a meaningful journey that contributes significantly to the well-being of those they serve.
While the recommendation rate indicates a polarized sentiment, the positive remarks showcase a sense of gratitude and recognition for the crucial services provided. The organization appears to be making a notable difference in the lives of veterans and is contributing to a more inclusive community in Madison.
This AI summary has been generated from reviews found on Facebook.
Is Housing Initiatives Inc legitimate?
Housing Initiatives Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Initiatives Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $104,499
Professional Fundraising Fees: $0
Other Salaries and Wages: $428,792
For more financial information, click here
Official website here: www.housinginit.org
What is the mission statement of Housing Initiatives Inc?
Housing Initiatives Inc is dedicated to providing housing assistance to individuals who are often overlooked, including those with disabilities, mental illness, and substance abuse issues. Primarily operating in the Dane County, Wisconsin area, the organization offers permanent supportive housing to over 200 clients. They utilize rental assistance grant funds from the federal government, Section 8 vouchers, and other sources to achieve this goal. The majority of their work takes place through 33 properties (151 units) that they either own or manage. All of their clients have previously experienced homelessness and often struggle with serious mental health conditions, often alongside substance abuse or past traumas. The grants reported by Housing Initiatives Inc cover the direct assistance and support costs to individuals, as well as rental assistance payments for clients not housed in Housing Initiatives Inc owned properties.
Official website here: www.housinginit.org
Who is the CEO of Housing Initiatives Inc?
Brad Hinkfuss is the Past President of Housing Initiatives Inc.
Official website here: www.housinginit.org
What is the revenue of Housing Initiatives Inc?
Housing Initiatives Inc's revenue in 2022 was $2,568,876.
Official website here: www.housinginit.org
Who are the executives of Housing Initiatives Inc and what are their salaries?
The average compensation at Housing Initiatives Inc during 2022 was $44,441. There are 12 employees and 16 volunteers at Housing Initiatives Inc.
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- Compensation: $96,766
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- Other: $7,732
Official website here: www.housinginit.org
Where can I find the form 990 for Housing Initiatives Inc?
Housing Initiatives Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.housinginit.org
Learn more at the official website: www.housinginit.org
Mission Statement of Housing Initiatives Inc
Housing Initiatives Inc, as a nonprofit organization, is dedicated to providing housing assistance to individuals who are often overlooked, including the homeless with disabilities, mental illness, and substance abuse issues. Primarily operating in the Dane County, Wisconsin area, Housing Initiatives Inc strives to make a significant impact in these individuals' lives.
The mission of Housing Initiatives Inc is to offer permanent supportive housing to over 200 clients, utilizing funding from various sources such as the federal government, Section 8 vouchers, and other resources. This is accomplished through the management of 33 properties, comprising a total of 151 units. These properties serve as homes for individuals who have previously experienced homelessness and are grappling with serious mental health conditions, frequently in conjunction with substance abuse or past trauma.
The agency's efforts extend beyond mere housing, with direct assistance and support costs being provided to individuals as well. Furthermore, Housing Initiatives Inc also covers rental assistance payments for clients residing in properties not owned by the organization. By offering this comprehensive range of services, Housing Initiatives Inc is committed to helping these vulnerable individuals rebuild their lives and improve their overall wellbeing.
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Impact
July, 2024
Housing Initiatives Inc's impact can be seen in the lives of over 200 clients who have been provided with permanent supportive housing in the Dane County, Wisconsin area. The organization offers housing assistance to hard-to-serve homeless individuals with disabilities, mental illness, and substance abuse issues. Through a total of 33 properties comprising 151 units, Housing Initiatives ensures that formerly homeless individuals with serious mental health conditions receive the support they need to rebuild their lives. The agency's work, funded through rental assistance grants from the federal government and other sources, has a direct impact on providing stable housing and support services to those in need. This initiative not only addresses the immediate housing needs of the homeless population but also contributes to the overall well-being and stability of the community.
This information is meant to be a general summary of Housing Initiatives Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $4,680
- Program Service Revenue: $1,926,821
- Gross Receipts: $2,568,876
Assets and Liabilities:
- Total Assets: $7,952,682
- Total Liabilities: $8,580,697
- Net Assets: -$628,015
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,926,821
Organization Details
Founding Year
1993
Phone
(608) 277-8330Principal Officer
Brad Hinkfuss
Main Address
1110 RUSKIN STREET, MADISON, WI, 53704
Website
www.housinginit.orgNTEE Category
Code: J21Z - Employment
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