HOUSING INITIATIVES INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1993

Legal Domicile

Principal Officer

BRAD HINKFUSS

Phone

6082778330

Tax Period

2024-01-01 to 2024-12-31

HOUSING INITIATIVES INC, founded in 1993, is a community nonprofit in the Employment sector that reported $2.7M in total revenue in fiscal year 2024.

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.

Program Service Accomplishments

Program 1

Expenses: $2,197,131 Revenue: $2,220,553

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $396,468

Program Service Revenue $2,217,276

Investment Income $55,801

Other Revenue $3,277

TOTAL REVENUE $2,672,822

Expense Breakdown

Grants Paid $283,814

Salaries & Benefits $941,043

Fundraising Expenses $27,339

Program Expenses $2,197,131

Other Expenses $1,372,519

TOTAL EXPENSES $2,597,376

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,672,822	$2,494,685	+0.1%
Expenses	$2,597,376	$2,626,821	0.0%
Net Income	$75,446	$-132,136	-1.6%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$113,436

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOUGLAS KIRK	PRESIDENT	1.00	Officer Director	$0	$0	$0
KATHRYN NICHOL MD MS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
BYRON OLSON	TREASURER	1.00	Officer Director	$0	$0	$0
DAVID FLANAGAN	SECRETARY	1.00	Officer Director	$0	$0	$0
ED GLEASON	PAST PRESIDENT	1.00	Director	$0	$0	$0
CHRIS PRESTIGIACOMO	MEMBER	1.00	Director	$0	$0	$0
ERIK PETTERSEN	MEMBER	1.00	Director	$0	$0	$0
NIKYRA MCCANN	MEMBER	1.00	Director	$0	$0	$0
DOROTHEA TORSTENSON	MEMBER	1.00	Director	$0	$0	$0
DEAN KRAHN	MEMBER	1.00	Director	$0	$0	$0
EMILY FRANCIS	MEMBER	1.00	Director	$0	$0	$0
NICK EULL	MEMBER	1.00	Director	$0	$0	$0
DAN LOHR	MEMBER	1.00	Director	$0	$0	$0
BRADLEY HINKFUSS	EXECUTIVE DIRECTOR	40.00	Officer	$105,802	$7,634	$113,436

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$2,672,822	$2,597,376	$7,414,227	$75,446
2023	$2,494,685	$2,626,821	$7,590,005	$-132,136
2022	$2,568,876	$2,405,219	$7,952,682	$163,657
2021	$2,245,311	$2,132,760	$7,872,573	$112,551
2020	$2,363,041	$2,139,006	$7,997,851	$224,035
2019	$2,259,722	$2,171,788	$8,122,165	$87,934
2018	$2,200,226	$2,474,492	$8,291,143	$-274,266