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Hope & a Future III INC FY2020 filing

Tax-deductible

Madison, WI501(c)(3)Since 2009HousingEIN 27-1019237Revenue $292K in FY2020

On file with the IRShopeandafutureinc.org1115 S High Point Rd, 53719-4909 · Madison, WITax-exempt since Feb 2010Publicly supported — 509(a)(2)

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Creating an inclusive and vibrant neighborhood where children, families and older adults help each other flourish.

501(c)(3) charity; gifts are tax-deductible.
77¢ of each $1 spent went to programs.
$39K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $135K a year · 28% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$39K
to officers and key staff · 15% of spending
Looks good: pay to officers and key staff is 15% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
10 mo
of spending, in cash
Looks good: 9.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $103
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$756K
68% of total assets
Worth a look: liabilities are 68% of assets; over 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$292K
Spent
$263K
To programs
77%
Net assets
$364K
By yearFY2020–FY2025
Revenue
$292K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$292K
FY2021$348K
FY2022$471K
FY2023$523K
FY2024$547K
FY2025$726K
Expenses
$263K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$263K
FY2021$291K
FY2022$305K
FY2023$385K
FY2024$394K
FY2025$458K
Net assets
$364K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$364K
FY2021$420K
FY2022$586K
FY2023$724K
FY2024$878K
FY2025$1.1M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

77 cents of each dollar spent went to programs.

Program services 77% · $202K Management & general 23% · $61K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $39K paid to officers and key staff.

Part VII, Section A · reportable compensation
Karin Krause
Executive Director
$39,251Pt VII · Sec A
Paula Reif
Vice President
$0Pt VII · Sec A
Derek Kraemer
Treasurer
$0Pt VII · Sec A
Kyle Hanson
Secretary (thru April)
$0Pt VII · Sec A
Jean Collins
Secretary (from April)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tammy Taylor
Director
$0Pt VII · Sec A

Karin Krause’s $62K as Executive Director is at the 52nd percentile of top reported officer pay among 851 $100K–1M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Karin Krause$62,385$55,829$48,127$46,294$44,764$39,251
Paula Reif$2,285$4,821$8,453$12,696——
Nancy Whitney$7,316$5,444$5,821———
Therese Alexander———$587——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing and care for low and moderate-income families.

Questions for Hope & a Future III INC

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Provided by the organization

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1 program · $202K · in their own filed words · FY2020
01

Hope & a future currently operates a licensed adult family home (afh) that provides care to older adults with a wide variety of diagnoses. Our pioneering model includes a live-in registered nurse and occupational therapist as well as hands on care givers who receive room and board in exchange for helping with evening and weekend hours.

$202Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Amazonsmile FoundationFY2023$103
Total grants receivedfrom 1 funder$103

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$292K
Ln 12
Fees for servicesLn 2g$239K
Gifts and grantsLn 1h$50K
Investment incomeLn 3$3K
Money outPt IX
$263K
Ln 25
Programscol B$202K
Managementcol C$61K
Owns and owesPt X
$364K
net assets · Ln 32
Cash and savingsLn 1–2$214K
Total assetsLn 16$1.1M
LiabilitiesLn 26$756K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$50K
Noncash giftsLn 1g$2K
Fees for servicesLn 2g$239K
Investment incomeLn 3$3K
Other incomeLn 4–11$356
Total revenueLn 12$292K
Assets in detailPt X, end of year
CashLn 1$73K
SavingsLn 2$141K
Cash and savings togetherLn 1–2$214K
Land, buildings, equipmentLn 10c$879K
Total assetsLn 16$1.1M
LiabilitiesLn 26$756K
Net assetsLn 32$364K
OperationsPt I, VI
EmployeesI 517
VolunteersI 6167
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$178K$214K
Land, buildings, equipmentLn 10c$890K$879K
Total assetsLn 16$1.1M$1.1M
LiabilitiesLn 26$760K$756K
Net assetsLn 32$335K$364K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$39K$20K$20K
Other salaries and wagesLn 7$67K$64K$2K
Payroll taxesLn 10$12K$10K$2K
Legal feesLn 11b$7K$7K
Accounting feesLn 11c$1K$1K
Other fees for servicesLn 11g$3K$3K
Office expensesLn 13$26K$5K$21K
OccupancyLn 16$31K$29K$2K
TravelLn 17$342$329$13
Conferences, conventions and meetingsLn 19$3K$3K$304
InterestLn 20$34K$34K
Depreciation, depletion and amortizationLn 22$18K$17K$904
InsuranceLn 23$300$300
Other expenses (24a–d)Ln 24$21K$19K$1K
All other expensesLn 24e$5$5
Total functional expensesLn 25$263K$202K$61K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $726K$458K$269K$1.1M 990 PDF
FY2024 $547K$394K$154K$878K 990 PDF
FY2023 $523K$385K$138K$724K 990 PDF
FY2022 $471K$305K$166K$586K 990 PDF
FY2021 $348K$291K$57K$420K 990 PDF
FY2020 Viewing $292K$263K$29K$364K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $291,941 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $28,889$49,625
I-9 Program service revenuePrior year $225,378$239,036
I-10 Investment incomePrior year $22$2,924
I-11 Other revenuePrior year $770$356
I-12 Total revenuePrior year $255,059$291,941
I-13 Grants and similar amounts paidPrior year $300$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $113,346$118,039
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $108,519$145,169
I-18 Total expensesPrior year $222,165$263,208
I-19 Revenue less expensesPrior year $32,894$28,733
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $291,941 across 6 lines filed
Lines not itemized here account for $356 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$49,625
VIII-1g Noncash contributions (included above)$2,260
VIII-1h Total contributions, gifts and grants$49,625
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $239,036$239,036
VIII-3 Investment incomeExcluded from tax $2,924$2,924
VIII-12 Total revenueRelated to mission $239,036 · Unrelated business $0 · Excluded from tax $3,280$291,941
Part IX · Statement of functional expenses $263,208 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $19,626 · Management $19,625$39,251
IX-7 Other salaries and wagesPrograms $64,062 · Management $2,499$66,561
IX-10 Payroll taxesPrograms $9,904 · Management $2,323$12,227
IX-11b Legal feesManagement $7,268$7,268
IX-11c Accounting feesManagement $1,250$1,250
IX-11g Other fees for servicesManagement $2,935$2,935
IX-13 Office expensesPrograms $5,241 · Management $20,903$26,144
IX-16 OccupancyPrograms $28,973 · Management $1,850$30,823
IX-17 TravelPrograms $329 · Management $13$342
IX-19 Conferences, conventions and meetingsPrograms $2,742 · Management $304$3,046
IX-20 InterestPrograms $34,409$34,409
IX-22 Depreciation, depletion and amortizationPrograms $17,173 · Management $904$18,077
IX-23 InsuranceManagement $300$300
IX-24 Other expenses (24a–d)Programs $19,360 · Management $1,210$20,570
IX-24e All other expensesManagement $5$5
IX-25 Total functional expensesPrograms $201,819 · Management $61,389 · Fundraising $0$263,208
Part X · Balance sheet $1,119,192 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $42,261$72,949
X-2 Savings and temporary cash investmentsStart of year $135,244$141,430
X-4 Accounts receivableStart of year $27,721$25,923
X-10c Land, buildings and equipment, netStart of year $889,964$878,890
X-16 Total assetsStart of year $1,095,190$1,119,192
X-25 Other liabilitiesStart of year $0$7,000
X-26 Total liabilitiesStart of year $760,274$755,543
X-27 Net assets without donor restrictionsStart of year $214,528$243,261
X-28 Net assets with donor restrictionsStart of year $120,388$120,388
X-32 Total net assets or fund balancesStart of year $334,916$363,649
X-33 Total liabilities and net assetsStart of year $1,095,190$1,119,192
Part XI · Reconciliation of net assets $363,649 net assets at year end
XI-1 Total revenue$291,941
XI-2 Total expenses$263,208
XI-3 Revenue less expenses$28,733
XI-4 Net assets at start of year$334,916
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$363,649

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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