Habitat For Humanity International Inc
- Assets
- $6.1m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 18
- Location
- New London, CT
- Founding
- 01/1987
- Data as of
- 06/2021
- EIN
- 06-1214680
Organization Overview
Habitat For Humanity International Inc is located in New London, CT. 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 06/2021, Habitat For Humanity International Inc employed 18 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 06/2021, Habitat For Humanity International Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $2.0m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (0.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
HABITAT FOR HUMANITY OF EASTERN CONNECTICUT, IN THE SPIRIT OF SHARING, BUILDS DECENT AND AFFORDABLE HOMES IN PARTNERSHIP WITH FAMILIES IN NEED. WE DO THIS THROUGH THE DEDICATED EFFORTS OF COMMUNITY VOLUNTEERS, FINANCIAL SPONSORS AND PARTNER FAMILIES WHO FIND REWARDING EXPERIENCES BY SHARING THEIR TIME, TALENTS AND RESOURCES. OUR GOAL IS TO MAKE A DIFFERENCE IN THE LIVES OF OTHERS, FULFILL THE DREAM OF HOME OWNERSHIP AND HELP ELIMINATE SUB-STANDARD HOUSING IN EASTERN CONNECTICUT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE AFFILIATE SOLD 3 HOMES TO LOCAL FAMILIES, WORKED ON BUILDING 6 NEW HOME PROJECTS IN WILLIMANTIC, EAST LYME AND NORWICH, AND 1 RENOVATION PROJECT IN DANIELSON. THE AFFILIATE IS POSITIONED TO SELL NO LESS THAN 6 HOMES IN THE NEXT FISCAL YEAR. THE AFFILIATE RE-OPENED ALL STORES IN MID-JUNE 2020 AFTER CLOSING ALL OPERATIONS IN MARCH 2020 DUE TO COVID 19. RESTORE SALES WERE SIGNIFICANTLY INCREASED AFTER RE-OPENING, REALIZING A NET REVENUE OF $470,000 COMPARED TO FISCAL YEAR 2020'S $69,000 NET REVENUE. CONTRIBUTING TO THE INCREASE WAS A COLLABORATION WITH A MOVING COMPANY TO COMPLETE THE PICKUP OF DONATED PRODUCT FROM RESIDENTIAL HOMES. THE INCREASED NET REVENUE FROM RESTORE OPERATIONS HELP OFFSET THE LOWER FUNDRAISING REVENUE RESULTING FROM THE COVID ENVIRONMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theresa O'rourke Executive Director | Officer | 40 | $80,266 |
Nancy Banks President | OfficerTrustee | 1 | $0 |
Sue Latourette Secretary | OfficerTrustee | 1 | $0 |
Ericka Winstead Treasurer | OfficerTrustee | 1 | $0 |
Rhea Bagnell Vice President | OfficerTrustee | 1 | $0 |
Richard Bennink Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $173,386 |
| Noncash contributions included in lines 1a–1f | $16,669 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,386 |
| Total Program Service Revenue | $1,642,963 |
| Investment income | $1,840 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,075 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,816,757 |
| 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. | $92,396 |
| Compensation of current officers, directors, key employees. | $18,479 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $416,602 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,976 |
| Payroll taxes | $47,788 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $345 |
| Fees for services: Accounting | $28,308 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $24,690 |
| Office expenses | $36,981 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,900 |
| Travel | $13,782 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $31,505 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $45,900 |
| Insurance | $88,695 |
| All other expenses | $187,615 |
| Total functional expenses | $1,976,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $552,475 |
| Savings and temporary cash investments | $749,798 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $21,945 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,315,313 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $108,717 |
| Net Land, buildings, and equipment | $349,481 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,015,113 |
| Total assets | $6,112,842 |
| Accounts payable and accrued expenses | $153,083 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,116 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,002,467 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,157,666 |
| Net assets without donor restrictions | $4,321,389 |
| Net assets with donor restrictions | $633,787 |
| 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 | $6,112,842 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Habitat For Humanity International Inc has recieved totaling $51,173.
| Awarding Organization | Amount |
|---|---|
Habitat For Humanity International Inc Americus, GA PURPOSE: AFFORDABLE HOUSING | $49,537 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,486 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $150 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Neville Communities Home Inc Cambridge, MA | $11,055,368 | $17,412,264 |
Affordable Housing And Services Collaborative Inc Braintree, MA | $170,389,416 | $17,704,653 |
Fairhaven Healthcare Center Inc Lowell, MA | $23,711,383 | $11,897,110 |
Jewish Federation Housing Development Fund Company Buffalo, NY | $0 | $1,951,149 |
National Affordable Housing Foundation Schenectady Inc Waltham, MA | $11,290,760 | $3,782,521 |
Neighborhood Of Affordable Housing Inc East Boston, MA | $27,971,204 | $13,300,567 |
Grand Central District Management Association Inc New York, NY | $3,484,616 | $12,729,561 |
Westbeth Corp Housing Development Fund Company Inc New York, NY | $62,389,155 | $10,191,211 |
Inquilinos Boricuas En Accion Inc Boston, MA | $173,108,948 | $16,934,744 |
Brighton Beach Housing Development Fund Company Inc New York, NY | $22,060,771 | $3,270,016 |
Milton-Fuller Housing Corporation Milton, MA | $76,615,525 | $9,254,138 |
Ndc Housing And Economic Development Corporation Brooklyn, NY | $24,571,760 | $10,401,743 |