Habitat For Humanity International Inc
- Assets
- $5.8m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 24
- Location
- New London, CT
- Founding
- 01/1987
- Data as of
- 06/2022
- 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 06/2022, Habitat For Humanity International Inc employed 24 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 $2.0m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $2.2m during the year ending 06/2022. 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
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 THREE HOMES TO LOCAL FAMILIES AND WORKED ON BUILDING 4 NEW HOME PROJECTS IN WILLIMANTIC AND NORWICH AND 1 RENOVATION IN KILLINGLY. THE AFFILIATE IS POSITIONED TO SELL 6 HOMES IN THE NEXT FISCAL YEAR. THE FULL OPERATION DURING THE YEAR OF TWO RESTORES PROVIDED SIGNIFICANT NET REVENUE TO SUPPORT THE AFFILIATE'S MISSION. SIZABLE AFFORDABLE HOUSING GRANTS FROM CHFA AND CITY OF NORWICH ARPA FUNDS PROVIDE FUNDING FOR NEW BUILDS IN NORWICH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhea Bagnell President | OfficerTrustee | 1 | $0 |
Richard Bennink Director | Trustee | 1 | $0 |
Meggan Lynch Secretary | OfficerTrustee | 1 | $0 |
Jennifer Miller Director | Trustee | 1 | $0 |
Joann Hall Director | Trustee | 1 | $0 |
Kevin Lyden Vice President | OfficerTrustee | 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 | $295,866 |
| Noncash contributions included in lines 1a–1f | $18,488 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $295,866 |
| Total Program Service Revenue | $1,683,207 |
| Investment income | $719 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,972,521 |
| 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. | $107,803 |
| Compensation of current officers, directors, key employees. | $21,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,542 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $109,279 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,216 |
| Fees for services: Accounting | $28,844 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $26,463 |
| Office expenses | $60,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $223,507 |
| Travel | $26,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $26,133 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $46,177 |
| Insurance | $68,295 |
| All other expenses | $92,061 |
| Total functional expenses | $2,159,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $371,695 |
| Savings and temporary cash investments | $538,040 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,305 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,443,932 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $74,140 |
| Net Land, buildings, and equipment | $343,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,959,606 |
| Total assets | $5,778,398 |
| Accounts payable and accrued expenses | $107,613 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $2,834 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $900,111 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,010,558 |
| Net assets without donor restrictions | $4,351,551 |
| Net assets with donor restrictions | $416,289 |
| 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 | $5,778,398 |