Hadley Terrace INC EIN 39-1780021 Form 990 (PDF) Claim this org

Hadley Terrace INC FY2021 filing

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Builds and manages affordable homes for seniors. For fiscal year 2021 it reported $628K in revenue, $759K in expenses, and $1.7M in net assets.Pt I

Type
Supporting organization · Nonprofit
Location
Milwaukee, WI
Website
www.hadleyterrace.org
Filings
5 on file (2021–2021)
Revenue
$628KFY2021
Expenses
$759K
Net assets
$1.7M
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1780021 Supporting organization Milwaukee, WI
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Builds and manages affordable homes for seniors.
Leadership
William Bode · President
Money in and out
$628K revenue, $759K expenses
Bottom line
-21% net inflow
Money in and out · FY2021
Total revenue
$628K
Pt VIII · Ln 12
Total expenses
$759K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$131K
Where spending went · Part IX cols B–D
Program services $0.79 Management & general $0.21
Net inflow
-21%
revenue over expenses, this year
Pass-through gifts
66%
of revenue from contributions
Program spending
79%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$628K
FY2021
Expenses
$759K
FY2021
Total assets
$1.8M
FY2021
Total liabilities
$53K
FY2021
Total revenue
$628K
Pt VIII · Ln 12
Total expenses
$759K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$131K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B79%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHadley Terrace INC
EINHdr · item D39-1780021
Principal addressHdr · item CMilwaukee, WI
WebsiteHdr · item Jwww.hadleyterrace.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMay 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
VP & Sponsorship Representative
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $596K of program spending, described in the organization's own filed words · FY2020.
01

Hadley terrace, inc. Is a nonprofit, nonstock corporation which operates an apartment project in milwaukee, wi, consisting of 60 apartments which are rented to low-income elderly persons. The corporation is operated under section 202 of the national housing act and regulated by the U.S.

$596Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$414K · 66%
Program service revenue$209K · 33%
Other revenue$5K · 1%
Contributions & grants66%$414K
Program service revenue33%$209K
Other revenue1%$5K
— government grantsLn 1e$414K
Total revenueLn 12$628K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.79 Management & general $0.21
Program services79%$596K
Management & general21%$163K
Total functional expensesLn 25$759K

Balance Sheet

Part X · end of year
CashLn 1$161K
Total assetsLn 16$1.8M
Total liabilitiesLn 26$53K
Total net assetsLn 32$1.7M
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $161K · Operating expenses/yr $759K
2.5 months
Where the money goes
Program services
Program services $596K · Total expenses $759K
79%
Management & General
Management & general $163K · Total expenses $759K
21%
Fundraising
Fundraising $0 · Total expenses $759K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $414K · Total revenue $628K
66%
Government reliance
Government grants $414K · Total revenue $628K
66%
Earned-income share
Program service revenue $209K · Total revenue $628K
33%
Investment reliance
Investment income $-2K · Total revenue $628K
-0.4%
Program self-sufficiency
Program service revenue $209K · Total expenses $759K
28%
Growth & trend
Revenue growth (YoY)
This year $628K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $628K · Expenses $759K
-21%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.7M · Total assets $1.8M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual William Bode · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $759K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $759K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 79%
Overhead ratio 21%
Fundraising cost ratio 0%
Legal fee ratio 0.01%
Accounting fee ratio 3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$763K revenue · ⤓ 990 PDF
FY2024$741K revenue · ⤓ 990 PDF
FY2023$697K revenue · ⤓ 990 PDF
FY2022$662K revenue · ⤓ 990 PDF
FY2021$628K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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