Habitat For Humanity International Inc
- Assets
- $9.7m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 34
- Location
- Boston, MA
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 04-2994233
Organization Overview
Habitat For Humanity International Inc is located in Boston, MA. The organization was established in 1987. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 06/2023, Habitat For Humanity International Inc employed 34 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habitat For Humanity International Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Habitat For Humanity International Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.7% each year. All expenses for the organization totaled $5.1m during the year ending 06/2023. While expenses have increased by 5.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD HOMES IN PARTNERSHIP WITH LOW-INCOME FAMILIES WITH VOLUNTEER LABOR, DONATED MATERIALS AND CHARITABLE GIFTS. HABITAT FOR HUMANITY GREATER BOSTON, INC. CONDUCTS HOMEOWNERSHIP CLASSES AND PROVIDES FAMILIES WITH 0% INTEREST MORTGAGES, MAKING HOMEOWNERSHIP AFFORDABLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOMEOWNER SERVICES - THE ORGANIZATION SUPPORTS LOW-INCOME FAMILIES TO BECOME AND REMAIN AS HOMEOWNERS IN THE GREATER BOSTON AREA.
COST OF HOMES SOLD AND PROGRAM SUPPORT - EACH HABITAT HOMEOWNER HELPS BUILD THEIR HOME BY COMPLETING 250-300 HOURS OF "SWEAT EQUITY." WHEN THE HOME IS COMPLETE, HABITAT SELLS IT TO THE FAMILY FOR AN AFFORDABLE PRICE THAT ENSURES THE FAMILY'S MONTHLY HOUSING PAYMENT WILL NOT EXCEED MORE THAN 30% OF THEIR GROSS MONTHLY INCOME AND ALSO PROVIDES THE FAMILY WITH A NO- INTEREST MORTGAGE LOAN. THE ORGANIZATION IS RESPONSIBLE FOR RAISING FUNDS FOR ALL OF THEIR PROJECTS, ITS ANNUAL OPERATING BUDGET AND FOR "TITHING" 10% OF ITS UNRESTRICTED REVENUES TO HABITAT FOR HUMANITY INTERNATIONAL IN ORDER TO FUND THEIR OVERSEAS PROJECTS.
RESTORE OPERATIONS - IN 2011, THE ORGANIZATION OPENED UP ITS RESTORE. THE HABITAT RESTORE MODEL IS A RETAIL BUSINESS THAT ACCEPTS DONATIONS OF NEW AND GENTLY-USED BUILDING MATERIALS, FURNITURE, APPLIANCES AND HOUSEWARES AND RESELLS THEM TO THE GENERAL PUBLIC THROUGH A RETAIL STORE FRONT. THE HABITAT RESTORE HELPS TO PROTECT THE ENVIRONMENT BY KEEPING HUNDREDS OF TONS OF MATERIAL OUT OF OUR LANDFILLS, AND IN A TIGHT ECONONMY PROVIDES A LOW-COST OUTLET FOR HOME IMPROVEMENT MATERIALS TO BE USED BY INDIVIDUALS MAKING HOME RENOVATIONS AND IMPROVEMENTS IN A MORE AFFORDABLE MANNER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Kostaras Ceo/presiden | Officer | 40 | $206,577 |
Monika Montrymowicz Director Of | 40 | $112,606 | |
Mark Auterio Restore Mana | 40 | $112,032 | |
Gerald Patton Director Of | 40 | $114,860 | |
Michael E Liu AIA Director | Trustee | 0.5 | $0 |
Rodger Brown Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $15,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,298,708 |
| Noncash contributions included in lines 1a–1f | $1,248,401 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,313,708 |
| Total Program Service Revenue | $1,354,390 |
| Investment income | $1,228 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,346 |
| Net Income from Fundraising Events | $94,132 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,732,892 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $206,576 |
| Compensation of current officers, directors, key employees. | $41,315 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,684,328 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $198,732 |
| Payroll taxes | $164,215 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $135,151 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $136,688 |
| Advertising and promotion | $6,265 |
| Office expenses | $29,035 |
| Information technology | $69,021 |
| Royalties | $0 |
| Occupancy | $607,368 |
| Travel | $39,459 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,716 |
| Interest | $13,006 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,285 |
| Insurance | $49,154 |
| All other expenses | $212,485 |
| Total functional expenses | $5,057,822 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,369,853 |
| Savings and temporary cash investments | $5,481 |
| Pledges and grants receivable | $76,441 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,326,390 |
| Inventories for sale or use | $329,719 |
| Prepaid expenses and deferred charges | $14,615 |
| Net Land, buildings, and equipment | $62,805 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,559,145 |
| Total assets | $9,744,449 |
| Accounts payable and accrued expenses | $275,159 |
| Grants payable | $0 |
| Deferred revenue | $24,750 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $150,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,536,309 |
| Total liabilities | $1,986,218 |
| Net assets without donor restrictions | $7,721,931 |
| Net assets with donor restrictions | $36,300 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $9,744,449 |