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
90 cents of each dollar spent went to programs.
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
10 people listed on the 990; $60K paid to officers and key staff.
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
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| 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
Your first name shows with your question. Hope & a Future III INC answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $274K | $315K |
| Land, buildings, equipmentLn 10c | $888K | $965K |
| Total assetsLn 16 | $1.2M | $1.3M |
| LiabilitiesLn 26 | $746K | $714K |
| Net assetsLn 32 | $420K | $586K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $60K | $48K | $12K | |
| Other salaries and wagesLn 7 | $105K | $102K | $3K | |
| Other employee benefitsLn 9 | $5K | $4K | $861 | |
| Payroll taxesLn 10 | $13K | $11K | $2K | |
| Legal feesLn 11b | $544 | $544 | ||
| Accounting feesLn 11c | $4K | $4K | ||
| Other fees for servicesLn 11g | $2K | $2K | ||
| Advertising and promotionLn 12 | $30 | $30 | ||
| Office expensesLn 13 | $8K | $6K | $1K | $290 |
| OccupancyLn 16 | $63K | $62K | $1K | |
| TravelLn 17 | $21 | $21 | ||
| Conferences, conventions and meetingsLn 19 | $4K | $4K | $624 | |
| Depreciation, depletion and amortizationLn 22 | $18K | $17K | $908 | |
| InsuranceLn 23 | $300 | $300 | ||
| Other expenses (24a–d)Ln 24 | $22K | $21K | $956 | |
| Total functional expensesLn 25 | $305K | $275K | $29K | $290 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $726K | $458K | $269K | $1.1M | 990 PDF |
| FY2024 | $547K | $394K | $154K | $878K | 990 PDF |
| FY2023 | $523K | $385K | $138K | $724K | 990 PDF |
| FY2022 Viewing | $471K | $305K | $166K | $586K | 990 PDF |
| FY2021 | $348K | $291K | $57K | $420K | 990 PDF |
| FY2020 | $292K | $263K | $29K | $364K | 990 PDF |
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Schedules filed Part IV
See the full FY2022 990 (6 parts)
Part I · Summary $470,547 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, no flags
Part VIII · Statement of revenue $470,547 across 6 lines filed
Part IX · Statement of functional expenses $304,749 across 15 lines filed
Part X · Balance sheet $1,299,763 assets, 13 lines filed
Part XI · Reconciliation of net assets $586,097 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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