Housing Resources INC FY2023 filing

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Housing Resources, INC. Prepares people for sustainable home ownership and fosters financial empowerment.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
$140K 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

FY2023 · 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
3 of 6
filings with a surplus
Average surplus $90K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$140K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $474K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$700K
38% of total assets
Looks good: liabilities are 38% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.8M
-17% vs prior year
Spent
$3.1M
To programs
90%
Net assets
$1.1M
By yearFY2020–FY2025
Revenue
$2.8M
FY2023▼ -17%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.5M
FY2021$4.2M
FY2022$3.4M
FY2023$2.8M
FY2024$3.8M
FY2025$3.7M
Expenses
$3.1M
FY2023+0.4%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.5M
FY2021$3.8M
FY2022$3.1M
FY2023$3.1M
FY2024$3.7M
FY2025$3.8M
Net assets
$1.1M
FY2023▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$571K
FY2021$1.0M
FY2022$1.4M
FY2023$1.1M
FY2024$1.2M
FY2025$1.1M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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 Mar 1992.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $2.8M Management & general 9% · $267K Fundraising 1% · $42K

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

9 people listed on the 990; $140K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$139,809Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Trena Bond’s $185K as Executive Director is at the 83rd percentile of top reported officer pay among 2036 $1–10M 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 · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Trena Bond$185,485$170,338$139,809$140,391$133,819$130,989

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.

See Housing Resources INC executive salaries →

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

Helps people achieve successful home ownership.

Questions for Housing Resources INC

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1 program · $2.8M · in their own filed words · FY2023
01

Providing support, education and advocacy for anyone in milwaukee, racine, and waukesha who wishes to become a homeowner and after they have purchased homes so that they can remain successful.

$2.8Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 3 funders$474K
See all 3 funders →
Grants paid · 23 grants · $7.0M · 2020–2025
Unitemized GrantFY2025$1,078,439
Unitemized GrantFY2025$88,041
Unitemized GrantFY2025$65,438
Unitemized GrantFY2025$41,645
Unitemized GrantFY2024$1,060,000
Unitemized GrantFY2024$26,453
Unitemized GrantFY2024$24,350
Unitemized GrantFY2024$15,000
Unitemized GrantFY2023$550,000
Unitemized GrantFY2023$53,801
Unitemized GrantFY2023$45,000
Unitemized GrantFY2023$2,220
Unitemized GrantFY2022$596,000
Unitemized GrantFY2022$246,564
Unitemized GrantFY2022$66,405
Unitemized GrantFY2022$11,035
Unitemized GrantFY2021$1,445,806
Unitemized GrantFY2021$445,550
See all 23 grants →

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2024 · $941K federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Racine and 1 more$471K
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Milwaukee and 1 more$289K
Fy 2024 AppropriationDepartment of the Treasury · ALN 21.116 · Through Neighborworks System Program$164K
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Waukesha County$11K
Homeowner Assistance FundDepartment of the Treasury · ALN 21.026 · Through Social Development Commission$6K

The auditor reported 2 findings: a weakness in money controls, questioned costs.

Year ending Dec 2023 · $1.1M federal money spent
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through City of Racine and 1 more$450K
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Milwaukee and 1 more$421K
Fy 2023 AppropriationDepartment of the Treasury · ALN 21.116 · Through Neighborworks System Program$160K
Homeowner Assistance FundDepartment of the Treasury · ALN 21.026 · Through Community Relations - Social Development Commission$58K
Section 4 Capacity Building for Community Development and Affordable HousingDepartment of Housing and Urban Development · ALN 14.252 · Through Local Initiatives Support Corporation$34K

Plus 1 smaller program.

The auditor reported no findings.

Year ending Dec 2022 · $1.0M federal money spent
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Milwaukee and 1 more$389K
Homeowner Assistance FundDepartment of the Treasury · ALN 21.026 · Through Community Relations Social Development Commission$237K
Fy 2022 AppropriationDepartment of the Treasury · ALN 21.116 · Through Neighborworks System Program$226K
Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through Wisconsin Department of Health and Human Services$162K
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Waukesha County$3K

The auditor reported no findings.

Year ending Dec 2021 · $2.7M federal money spent
Coronavirus Relief FundDepartment of the Treasury · ALN 21.019 · Through Wisconsin Department of Health and Human Services$1.7M
Community Development Block Grants/Entitlement GrantsDepartment of Housing and Urban Development · ALN 14.218 · Through City of Milwaukee and 2 more$735K
Congressional Appropriations - Neighborworks System ProgramDepartment of the Treasury · ALN 21.116 · Through Neighborworks System Program$260K
Home Investment Partnerships ProgramDepartment of Housing and Urban Development · ALN 14.239 · Through Waukesha County$3K

The auditor reported no findings.

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.8M
Ln 12
Gifts and grantsLn 1h$2.6M
Fees for servicesLn 2g$206K
Other incomeLn 4–11$71K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.8M
Managementcol C$267K
Fundraisingcol D$42K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$821K
Total assetsLn 16$1.8M
LiabilitiesLn 26$700K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.6M
Government grantsLn 1e$2.1M
Fundraising eventsLn 1c$25K
Fees for servicesLn 2g$206K
Investment incomeLn 3$2K
Other incomeLn 4–11$71K
Gains on assetsLn 7−$4K
Total revenueLn 12$2.8M
Assets in detailPt X, end of year
CashLn 1$329K
SavingsLn 2$492K
Cash and savings togetherLn 1–2$821K
Land, buildings, equipmentLn 10c$295K
Other assetsLn 15$250K
Total assetsLn 16$1.8M
LiabilitiesLn 26$700K
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 530
VolunteersI 639
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 FY23End FY23
Cash and savingsLn 1–2$773K$821K
Land, buildings, equipmentLn 10c$322K$295K
Total assetsLn 16$2.0M$1.8M
LiabilitiesLn 26$647K$700K
Net assetsLn 32$1.4M$1.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$651K$651K
Pay of current officers, directors and key staffLn 5$159K$140K$19K
Other salaries and wagesLn 7$1.4M$1.4M$45K$10K
Other employee benefitsLn 9$210K$206K$2K$2K
Payroll taxesLn 10$128K$109K$18K$755
Accounting feesLn 11c$72K$72K$149
Other fees for servicesLn 11g$43K$3K$17K$23K
Advertising and promotionLn 12$4K$3K$576
Office expensesLn 13$60K$35K$20K$5K
Information technologyLn 14$65K$50K$15K$79
OccupancyLn 16$117K$102K$15K$87
Conferences, conventions and meetingsLn 19$45K$42K$3K
InterestLn 20$8K$7K$1K$19
Depreciation, depletion and amortizationLn 22$28K$28K
InsuranceLn 23$21K$20K$2K$46
Other expenses (24a–d)Ln 24$43K$33K$9K$606
Total functional expensesLn 25$3.1M$2.8M$267K$42K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Aug 21, 2026 $3.7M$3.8M−$131K$1.1M 990 PDF
FY2024Filed with the IRS Aug 6, 2025 $3.8M$3.7M$123K$1.2M 990 PDF
FY2023 ViewingFiled with the IRS Sep 13, 2024 $2.8M$3.1M−$232K$1.1M 990 PDF
FY2022Filed with the IRS Nov 15, 2023 $3.4M$3.1M$344K$1.4M 990 PDF
FY2021Filed with the IRS Sep 21, 2022 $4.2M$3.8M$445K$1.0M 990 PDF
FY2020Filed with the IRS Nov 3, 2021 $2.5M$2.5M−$6K$571K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $2,845,243 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,155,482$2,568,253
I-9 Program service revenuePrior year $258,178$205,566
I-10 Investment incomePrior year $162−$2,014
I-11 Other revenuePrior year −$5,596$73,438
I-12 Total revenuePrior year $3,408,226$2,845,243
I-13 Grants and similar amounts paidPrior year $920,004$651,021
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,701,680$1,918,442
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $442,905$507,389
I-18 Total expensesPrior year $3,064,589$3,076,852
I-19 Revenue less expensesPrior year $343,637−$231,609
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $2,845,243 across 11 lines filed
Lines not itemized here account for $2,815 of total revenue; see the IRS return.
VIII-1a Federated campaigns$68,650
VIII-1c Fundraising events$25,000
VIII-1e Government grants$2,117,880
VIII-1f All other contributions, gifts and grants$356,723
VIII-1h Total contributions, gifts and grants$2,568,253
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $202,751$202,751
VIII-3 Investment incomeExcluded from tax $2,202$2,202
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$4,216−$4,216
VIII-8 Net income from fundraising eventsExcluded from tax $67,659$67,659
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $5,779$5,779
VIII-12 Total revenueRelated to mission $211,345 · Unrelated business $0 · Excluded from tax $65,645$2,845,243
Part IX · Statement of functional expenses $3,076,852 across 16 lines filed
IX-2 Grants to domestic individualsPrograms $651,021$651,021
IX-5 Pay of current officers, directors and key staffPrograms $140,106 · Management $18,674$158,780
IX-7 Other salaries and wagesPrograms $1,365,987 · Management $45,173 · Fundraising $10,290$1,421,450
IX-9 Other employee benefitsPrograms $206,464 · Management $1,726 · Fundraising $1,729$209,919
IX-10 Payroll taxesPrograms $109,320 · Management $18,218 · Fundraising $755$128,293
IX-11c Accounting feesManagement $71,567 · Fundraising $149$71,716
IX-11g Other fees for servicesPrograms $2,940 · Management $16,851 · Fundraising $23,496$43,287
IX-12 Advertising and promotionPrograms $3,394 · Management $576$3,970
IX-13 Office expensesPrograms $34,937 · Management $20,398 · Fundraising $4,667$60,002
IX-14 Information technologyPrograms $50,265 · Management $14,941 · Fundraising $79$65,285
IX-16 OccupancyPrograms $101,588 · Management $15,229 · Fundraising $87$116,904
IX-19 Conferences, conventions and meetingsPrograms $42,385 · Management $2,992$45,377
IX-20 InterestPrograms $6,618 · Management $1,423 · Fundraising $19$8,060
IX-22 Depreciation, depletion and amortizationManagement $28,432$28,432
IX-23 InsurancePrograms $19,754 · Management $1,691 · Fundraising $46$21,491
IX-24 Other expenses (24a–d)Programs $33,126 · Management $9,133 · Fundraising $606$42,865
IX-25 Total functional expensesPrograms $2,767,905 · Management $267,024 · Fundraising $41,923$3,076,852
Part X · Balance sheet $1,827,751 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $350,871$329,141
X-2 Savings and temporary cash investmentsStart of year $421,830$492,091
X-3 Pledges and grants receivableStart of year $546,550$405,794
X-4 Accounts receivableStart of year $59,508$17,687
X-9 Prepaid expenses and deferred chargesStart of year $28,808$38,421
X-10c Land, buildings and equipment, netStart of year $322,115$294,600
X-15 Other assetsStart of year $276,211$250,017
X-16 Total assetsStart of year $2,005,893$1,827,751
X-17 Accounts payable and accrued expensesStart of year $121,039$153,168
X-19 Deferred revenueStart of year $167,153$207,629
X-25 Other liabilitiesStart of year $273,546$254,408
X-26 Total liabilitiesStart of year $646,833$700,300
X-27 Net assets without donor restrictionsStart of year $1,131,499$866,294
X-28 Net assets with donor restrictionsStart of year $227,561$261,157
X-32 Total net assets or fund balancesStart of year $1,359,060$1,127,451
X-33 Total liabilities and net assetsStart of year $2,005,893$1,827,751
Part XI · Reconciliation of net assets $1,127,451 net assets at year end
XI-1 Total revenue$2,845,243
XI-2 Total expenses$3,076,852
XI-3 Revenue less expenses−$231,609
XI-4 Net assets at start of year$1,359,060
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,127,451

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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