Habitat For Humanity International Inc
- Assets
- $3.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 17
- Location
- Acton, MA
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 04-2999854
Organization Overview
Habitat For Humanity International Inc is located in Acton, MA. The organization was established in 1987. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Habitat For Humanity International Inc employed 17 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 06/2022, Habitat For Humanity International Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. While expenses have increased by 8.3% per year over the past 7 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
HABITAT FOR HUMANITY IS A NON-PROFIT CHRISTIAN HOUSING MINISTRY THAT SEEKS TO BE A PARTNER AND CATALYST IN BUILDING COMMUNITIES WHERE EVERYONE HAS THE OPPORTUNITY TO THRIVE. WE BELIEVE OUR MODEL OF SERVICE CAPITAL, NOT CHARITY, CO-WORKERS AND NOT CASE WORKERS PROVIDES A STRENGTH-BASED APPROACH THAT ENHANCES THE CAPABILITIES OF FAMILIES, ENCOURAGING THEM TO DRAW ON THEIR OWN SELF DETERMINATION AND STRENGTHS. WE BELIEVE THAT FAMILIES WHO INVEST IN THEMSELVES THROUGH FINANCIAL EDUCATION AND SWEAT EQUITY IN THE CONSTRUCTION OF THEIR OWN HOMES TRANSFORM THEIR LIVES AND THE LIVES OF THEIR CHILDREN FOR THE BETTER. OUR FAMILIES ARE REQUIRED TO INVEST 200-350 HOURS OF SWEAT EQUITY INTO HABITAT PROGRAMS. THE OWNER AND FAMILIES ARE ALSO REQUIRED TO COMPLETE CERTAIN HOMEOWNERSHIP READINESS CLASSES BEFORE PURCHASING THEIR HABITAT HOMES, AS THE MORTGAGE HOLDER HABITAT OF NORTH CENTRAL MASSACHUSETTS IS ABLE TO PROVIDE A 0% INTEREST MORTGAGE LOAN.
Describe the Organization's Program Activity:
WITH A MISSION TO STRENGTHEN FAMILIES AND COMMUNITIES THROUGH AFFORDABLE HOME OWNERSHIP THE ORGANIZATION HAS BROADENED ITS EFFORTS TO IMPACT AS MANY LOWER INCOME FAMILIES AS POSSIBLE. IN NORTH CENTRAL MASSACHUSETTS WE CONTINUE TO BUILD THE CAPACITY OF THE ORGANIZATION THROUGH EITHER BUILDING NEW HOMES OR RENOVATING OWNER OCCUPIED HOMES STARTING WITH VETERAN FAMILIES AND THEN BRANCHING OUT TO ALL POTENTIAL FAMILIES. THE ORGANIZATION IS CONCENTRATING ITS EFFORTS IN SPECIFIC AREAS IN ORDER TO MAKE THE GREATEST IMPACT.
THE ORGANIZATION OPERATES A RESTORE. THE STORE RECEIVES DONATED BUILDING MATERIALS AND SUPPLIES FROM CONTRACTORS THAT WOULD NORMALLY BE DISPOSED OF AT THE END OF CONSTRUCTION. WE ALSO RECEIVE DONATIONS OF FURNITURE AND HOUSEHOLD GOODS FROM INDIVIDUALS. THESE ITEMS ARE SUBSEQUENTLY RESOLD TO GENERATE FUNDS IN ORDER TO PROVIDE RESOURCES TO CONTINUE OUR AFFORDABLE HOME BUILDING PROCESS.
OTHER EXPENSES IN DIRECT SUPPORT OF HOMEBUILDING AND PROGRAM OPERATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn Read Executive Di | Officer | 40 | $80,278 |
Lynn Devin Ashe Secretary/cl | OfficerTrustee | 1 | $0 |
Brieanna Kelley Vice Preside | OfficerTrustee | 1 | $0 |
Thomas Dufault President | OfficerTrustee | 1 | $0 |
Craig Madonia Treasurer | OfficerTrustee | 1 | $0 |
Margaret Campbell Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $120,712 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,087,029 |
| Noncash contributions included in lines 1a–1f | $507,845 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,207,741 |
| Total Program Service Revenue | $602,548 |
| Investment income | $1,055 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$506 |
| Net Income from Fundraising Events | $59,276 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,870,114 |
| 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. | $80,278 |
| Compensation of current officers, directors, key employees. | $8,028 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $120,389 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $32,837 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,332 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $299,212 |
| Advertising and promotion | $5,067 |
| Office expenses | $25,658 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $97,735 |
| Travel | $6,231 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $726 |
| Payments to affiliates | $17,500 |
| Depreciation, depletion, and amortization | $12,151 |
| Insurance | $40,422 |
| All other expenses | $66,975 |
| Total functional expenses | $1,475,816 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $223,108 |
| Savings and temporary cash investments | $299,067 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $169,380 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,256,765 |
| Inventories for sale or use | $97,616 |
| Prepaid expenses and deferred charges | $24,577 |
| Net Land, buildings, and equipment | $48,263 |
| Investments—publicly traded securities | $18,284 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $894,962 |
| Total assets | $3,032,022 |
| Accounts payable and accrued expenses | $38,411 |
| Grants payable | $0 |
| Deferred revenue | $15,965 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $42,367 |
| Total liabilities | $96,743 |
| Net assets without donor restrictions | $2,802,727 |
| Net assets with donor restrictions | $132,552 |
| 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 | $3,032,022 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Habitat For Humanity International Inc has recieved totaling $149,303.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $110,965 |
Greater Lowell Community Foundation Inc Lowell, MA PURPOSE: GENERAL SUPPORT | $13,838 |
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $13,500 |
Aarp Washington, DC PURPOSE: Grant to support AARP's Livable Communities initiative | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $1,000 |
Endowment Analysis
| Beg. Balance | $19,434 |
| Earnings | -$1,600 |
| Admin Expense | -$250 |
| Net Contributions | $700 |
| Ending Balance | $18,284 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Womens Housing And Economic Development Corporation Bronx, NY | $29,527,353 | $27,859,543 |
Joint Ownership Entity New York City Corp New York, NY | $155,995,039 | $17,434,025 |
Breaking Ground Housing Development Fund Corporation New York, NY | $193,138,085 | $25,961,669 |
Highland Park Community Development Corporation Brooklyn, NY | $3,265,910 | $15,414,103 |
Centerboard Inc Lynn, MA | $21,186,335 | $15,673,773 |
Interstate I Affordable Housing Inc New York, NY | $783,725 | $8,991,908 |
Ascendant Neighborhood Development Corporation New York, NY | $39,528,943 | $4,446,577 |
Housing Works Services Inc Brooklyn, NY | $2,273,707 | $4,786,590 |
Willow Gardens Inc New Rochelle, NY | $20,661,774 | $5,354,577 |
United Residents In Academy Homes Ii Inc Roxbury, MA | $30,056,643 | $8,930,600 |
Pratt Area Community Council Inc Broooklyn, NY | $10,567,531 | $5,512,215 |
Homeowners Rehab Inc Cambridge, MA | $114,049,178 | $6,783,220 |