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Heartland Housing Inc

EIN 36-3642952 · Madison, WI

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthNot ratedToo small or too little detailGovernanceFair69 out of 100Impact evidenceDescribes programsHow well its results are evidenced

Points to look into

  • It owes more than it owns.

These come from the organization's own tax return. There may be a good explanation; ask the charity.

What it says it does

(SEE SCHEDULE O)HEARTLAND HOUSING IS A COMMUNITY HOUSING DEVELOPMENT ORGANIZATION WHICH FACILITATES THE DEVELOPMENT OF PEOPLE THROUGH THE PRESERVATION AND CREATION OF AFFORDABLE AND SUPPORTIVE HOUSING WITH THE PRIORITY OF MEETING THE NEEDS OF HOMELESS PERSONS AND FAMILIES, VERY LOW INCOME INDIVIDUALS AND PERSONS WITH CHRONIC DISABILITIES. THE ORGANIZATION WAS IN RECEIVERSHIP SINCE FISCAL YEAR 2024 AND IS NO LONGER ENGAGED IN THE DAY TO DAY OPERATIONS AND MANAGEMENT OF THE HOUSING PROPERTIES.

Income
$0
Spending
$0
Employees
0
Volunteers
3

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Fair: 69 out of 100. Higher than 40% of charities in its peer group (housing, under $250k).

  • Independent board

    0 of 25

    1 of 1 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. HEARTLAND HOUSING, INC. WAS CREATED AS A NON-PROFIT 501(C)(3) AFFORDABLE HOUSING DEVELOPER IN 1989. HEARTLAND OWNED MEMBERSHIP INTERESTS IN MULTIPLE LLCS. THOSE LLCS MANAGED 1,279 AFFORDABLE HOUSING UNITS IN THE CITY OF CHICAGO, MADISON, WISCONSIN, AND PARTS OF MILWAUKEE.ALL OF THE PROPERTIES WERE PLACED INTO RECEIVERSHIPS AS OF MAY/JUNE 2023. AS A RESULT OF THE RECEIVERSHIPS, THE LLCS OWNED AND CONTROLLED BY HEARTLAND HOUSING, INC. WERE NO LONGER ENGAGED IN THE DAY TO DAY OPERATIONS OR MANAGEMENT OF THE PROPERTIES AND DO NOT HAVE CONTROL OR POSSESSION OF THE PROPERTIES. (CONTINUED ON SCHEDULE O).HEARTLAND HOUSING COOPERATED WITH THE RECEIVERS AND OTHER INTERESTED PARTIES TO TRANSFER OWNERSHIP OF ALL PROPERTIES THROUGH DECEMBER 31, 2025. ON OCTOBER 25, 2024, HEARTLAND HOUSING, INC. GAVE AN ASSIGNMENT FOR THE BENEFIT OF CREDITORS TO HEARTLAND ABC, A SERIES LLC, AND ON MAY 23, 2025, HEARTLAND ABC, A SERIES LLC TRANSFERRED THE TRUST AND ASSIGNMENT TO KALI RESOLUTION PARTNERS LLC.

Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending June 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since August 1997.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.