Habitat For Humanity International Inc
- Assets
- $4.1m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 17
- Location
- Westford, MA
- Founding
- 01/1987
- Data as of
- 06/2022
- EIN
- 04-3123186
Organization Overview
Habitat For Humanity International Inc is located in Westford, 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 06/2022, 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 $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.5m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO STRENGTHEN FAMILIES AND COMMUNITIES THROUGH AFFORDABLE HOME OWNERSHIP. WE ACCOMPLISH THIS THROUGH TWO AVENUES - BUILDING NEW AFFORDABLE HOMES AND PERFORMING CRITICAL REPAIRS ON OWNER OCCUPIED HOMES IN ORDER TO ALLOW FAMILIES TO CONTINUE TO LIVE IN THEIR CURRENT HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 THE GREATER LOWELL AREA WE CONTINUE TO BUILD THE CAPACITY OF THE ORGANIZATION EITHER THROUGH BUILDING NEW HOMES OR RENOVATING OWNER OCCUPIED HOMES, STARTING WITH VETERANS AND MILITARY 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, NAMELY, THE NEIGHBORHOOD REVITALIZATION INITIATIVE (NRI), LAUNCHING AND SUSTAINING A CRITICAL REPAIR PROGRAM.
THE RESTORE IS A RETAIL OUTLET OPEN TO THE PUBLIC. ALL FUNDS RAISED BY THE RESTORE PROVIDE DIRECT SUPPORT TO HABITAT FOR HUMANITY'S MISSION OF BUILDING STRENGTH, STABILITY AND SELF-RELIANCE THROUGH SHELTER IN OUR COMMUNITY. THE RESTORE ACCEPTS DROP OFFS OR WILL SCHEDULE FREE PICK UPS FOR NEW AND GENTLY USED HOME IMPROVEMENT MATERIALS, HOME GOODS, FURNITURE, LIGHTING, FLOORING AND APPLIANCES. THESE ITEMS ARE THEN SOLD AT 50-70% OFF RETAIL PRICES TO PEOPLE OF ALL INCOME LEVELS, THEREFORE GENERATING FUNDS TO BUILD MORE AFFORDABLE HOMES IN THE GREATER LOWELL AREA. THE RESTORE IS A GREEN INITIATIVE, KEEPING USEABLE BUILDING MATERIALS, HOME IMPROVEMENT PRODUCTS, FURNITURE, APPLIANCES AND HOUSEHOLD ITEMS OUT OF LANDFILLS TO THE TUNE OF ABOUT 350 TONS A YEAR, THEREBY SAVING SPACE AND MONEY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Fusco Executive Di | Officer | 40 | $101,740 |
Katherine Adams Director | Trustee | 2 | $0 |
Silvia Berrio Secretary | Trustee | 2 | $0 |
Amanda Berry Director | Trustee | 2 | $0 |
Jeffrey Brem Director | OfficerTrustee | 2 | $0 |
Michael Collins President | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $137,612 |
| All other contributions, gifts, grants, and similar amounts not included above | $993,741 |
| Noncash contributions included in lines 1a–1f | $371,342 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,131,353 |
| Total Program Service Revenue | $466,047 |
| Investment income | $953 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $22,413 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,620,766 |
| 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. | $101,740 |
| Compensation of current officers, directors, key employees. | $15,261 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $500,489 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $89,553 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,250 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,692 |
| Advertising and promotion | $10,550 |
| Office expenses | $26,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $152,466 |
| Travel | $9,642 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,725 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,544 |
| Insurance | $33,497 |
| All other expenses | $43,770 |
| Total functional expenses | $1,494,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $619,374 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,745 |
| Accounts receivable, net | $87,696 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,097,171 |
| Inventories for sale or use | $1,200,541 |
| Prepaid expenses and deferred charges | $4,186 |
| Net Land, buildings, and equipment | $72,399 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,083,112 |
| Accounts payable and accrued expenses | $71,573 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $18,109 |
| Total liabilities | $89,682 |
| Net assets without donor restrictions | $3,496,169 |
| Net assets with donor restrictions | $497,261 |
| 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 | $4,083,112 |