EIN 27-1019237

Hope and A Future Iii

IRS 501(c) type
501(c)(3)
Num. employees
12
Year formed
2009
Most recent tax filings
2022-12-01
Description
Hope and A Future III fosters decent and affordable housing for low-income and moderate-income households while creating an inclusive and vibrant neighborhood that helps older adults and families with young children flourish. The organization operates a licensed adult family home (AFH), providing care to older adults with various diagnoses. Their pioneering model features a live-in registered nurse, occupational therapist, and hands-on caregivers.
Total revenues
$470,547
2022
Total expenses
$304,749
2022
Total assets
$1,299,763
2022
Num. employees
12
2022

Program areas at Hope and A Future Iii

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. This model overcomes the caregiver crisis and gives seniors A stable staff while also providing low-income wage earners A stable home in the context of A family of friends. Our afh is home to senior residents, staff, and sometimes the staff's children. Staff and residents enjoy goal-directed living and the support of each other. The health of older adults improves even in the face of advancing disease and dementia. Residents flourish together. And when the end of life comes, we work with hospice allowing residents to remain with their family of friends. While Hope & A Future normally enjoys robust interaction with community volunteers, the pandemic brought an abrupt halt to many of our regular events and community volunteer opportunities. We navigated community involvement and some volunteer activities virtually. Family and loved ones also utilized phones, technology and our visiting "bubble" which is A room within A room with A visiting window. In the spring of 2022, we dismantled the bubble and created comfortable outdoor visiting spaces. We also hosted outdoor volunteer and music events and began to enjoy more events with family members onsite. We have continued to work virtually on our expansion. Our goal to move forward with our pioneering tiin model continues. In 2021 we identified A model that received the go ahead from governing authorities. We are currently engaged in planning for an expansion of housing and services.we have contracts with our expansion team including architects and engineers. Our current development consultant is working pro-bono and we have A volunteer fundraising committee established. It was determined we needed to annex from the town of middleton into the city of madison to move forward. This process delayed our timeline but we are in the midst of working with governing bodies and moving toward annexation and zoning. Fundraising efforts will resume following zoning designation. Our goal is to break ground in 2024.

Who funds Hope and A Future Iii

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Schwab Charitable FundHuman Services$33,000
AmazonSmile FoundationGeneral Support$168

Personnel at Hope and A Future Iii

NameTitleCompensation
Karin KrauseExecutive Director$46,294
Paula ReifVice President$12,696
Jean CollinsSecretary$0
Derek KraemerSecretary and Treasurer$0
Mark BarnardPresident$0
...and 4 more key personnel

Financials for Hope and A Future Iii

RevenuesFYE 12/2022
Total grants, contributions, etc.$188,348
Program services$281,588
Investment income and dividends$267
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$344
Total revenues$470,547

Form 990s for Hope and A Future Iii

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-09990View PDF
2021-122022-04-28990View PDF
2020-122021-05-21990View PDF
2019-122021-01-21990View PDF
2018-122019-08-17990View PDF
...and 5 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 30, 2023
Updated personnel
Identified 1 new personnel
June 25, 2023
Updated personnel
Identified 2 new personnel
May 12, 2023
Received grants
Identified 1 new grant, including a grant for $1,350 from Kimley-Horn Foundation
Nonprofit Types
Housing and shelter organizationsRetirement homesCharities
Issues
Human servicesHousing
Characteristics
State / local levelCommunity engagement / volunteeringTax deductible donations
General information
Address
1115 S High Point Rd
Madison, WI 53719
Metro area
Madison, WI
Website URL
hopeandafutureinc.org/ 
Phone
(608) 831-0243
IRS details
EIN
27-1019237
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2009
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L20: Housing Development, Construction, Management
NAICS code, primary
62331: Assisted Living and Continuing Care Retirement Communities
Parent/child status
Independent
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