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Holie III INC EIN 39-1805261 Form 990 (PDF) Claim this org

Holie III INC

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Offers housing to low-income seniors. For fiscal year 2025 it reported $378K in revenue, $391K in expenses, and $-1.6M in net assets.Pt I

Type
Supporting organization · Housing
Location
Mequon, WI
Filings
5 on file (2021–2025)
Revenue
$378KFY2025
Expenses
$391K
Net assets
$-1.6M
People
10
Filings
5
Updates
0
More identity details & actions ⌄
EIN  39-1805261 Supporting organization Mequon, WI
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers housing to low-income seniors.
Leadership
Rev Paul Armstrong · Director
Money in and out
$378K revenue, $391K expenses
Bottom line
-3% net inflow
Money in and out · FY2025
Total revenue
$378K
Pt VIII · Ln 12
Total expenses
$391K
Pt IX · Ln 25
Net assets
$-1.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$13K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Net inflow
-3%
revenue over expenses, this year▲ +91% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
68%
of expenses reach stated programs▼ -14% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$378K
FY2025-0.5%
Expenses
$391K
FY2025▼ -25%
Total assets
$557K
FY2025▲ +2%
Total liabilities
$2.1M
FY2025▲ +1%
Total revenue
$378K
Pt VIII · Ln 12
Total expenses
$391K
Pt IX · Ln 25
Net assets
$-1.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$13K
Total assetsPt X · Ln 16$557K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $265K of program spending, described in the organization's own filed words · FY2024.
01

H.O.L.I.E. Iii, inc. Burnham village apartments constructed and operates a 40 unit rental housing project for low income elderly individuals.

$265Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHolie III INC
EINHdr · item D39-1805261
Principal addressHdr · item CMequon, WI
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L200)
Ruling yearIRS BMFAug 1995

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aNo
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 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Mr Wayne Lunde
Sec./Treas./
$0Pt VII · Sec A
$0Pt VII · Sec A
Mike Plicka
Director
$0Pt VII · Sec A
Mr Thomas F Raasch
V-President/
$0Pt VII · Sec A
Rev Ed Ruen
Director
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$369K · 98%
Other revenue$9K · 2%
Program service revenue98%$369K
Other revenue2%$9K
Investment income$404
Total revenueLn 12$378K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$265K
Management & general32%$125K
Total functional expensesLn 25$391K

Balance Sheet

Part X · end of year
CashLn 1$61K
Total assetsLn 16$557K
Total liabilitiesLn 26$2.1M
Total net assetsLn 32$-1.6M
Months of cash on handcomputed1.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $61K · Operating expenses/yr $391K
1.9 months
Where the money goes
Program services
Program services $265K · Total expenses $391K
68%
Management & General
Management & general $125K · Total expenses $391K
32%
Fundraising
Fundraising $0 · Total expenses $391K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $378K
0%
Government reliance
Government grants — · Total revenue $378K
—
Earned-income share
Program service revenue $369K · Total revenue $378K
98%
Investment reliance
Investment income $404 · Total revenue $378K
+0.1%
Program self-sufficiency
Program service revenue $369K · Total expenses $391K
94%
Growth & trend
Revenue growth (YoY)
This year $378K · Prior year $380K
-0.5%
Revenue CAGR
FY2020 $327K · FY2024 $378K
+4%
Net-asset trend (YoY)
End of year $-1.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $378K · Expenses $391K
-3%
Liabilities-to-Assets
Total liabilities — · Total assets $557K
—
Net-asset ratio
Net assets $-1.6M · Total assets $557K
-281%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $557K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rev Paul Armstrong · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $391K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $391K
—
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 68%——
Overhead ratio 32%——
Revenue growth -0.5%——
Legal fee ratio 0.3%——
Accounting fee ratio 5%——

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)$378K revenue · viewing · ⤓ 990 PDF
FY2024$380K revenue · ⤓ 990 PDF
FY2023$362K revenue · ⤓ 990 PDF
FY2022$353K revenue · ⤓ 990 PDF
FY2021$327K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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