Habitat For Humanity-New York Inc is located in New York, NY. 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-New York Inc employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Habitat For Humanity-New York 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-New York Inc generated $5.8m 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 $7.7m 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 NEW YORK CITY AND WESTCHESTER COUNTY BUILDS A MORE EQUITABLE NEW YORK BY DEVELOPING AND PRESERVING AFFORDABLE HOMES AND BY ADVOCATING FOR HOUSING POLICIES TO HELP COMMUNITIES ADDRESS THE HISTORIC LEGACY OF HOUSING INJUSTICE. WE SERVE PRIMARILY LOW-TO MODERATE-INCOME NEW YORKERS EARNING ROUGHLY 50 TO 90 PERCENT OF AREA MEDIAN INCOME. SINCE OUR INCEPTION, HABITAT NYC AND WESTCHESTER HAS SERVED NEARLY 2,200 FAMILIES THROUGH OUR HOMEBUILDING AND HOUSING PRESERVATION PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIRST-TIME HOMEBUYER PROGRAM: HOMEOWNERSHIP IS ESSENTIAL FOR FAMILIES TO BUILD STRENGTH, STABILITY AND SELF-DETERMINATION. WITH SO MANY FAMILIES BEING PRICED OUT OF AN INCREASINGLY EXPENSIVE RENTAL MARKET, WE BELIEVE THAT HARD-WORKING NEW YORKERS DESERVE ACCESS TO PURCHASE A SAFE, AFFORDABLE HOME. THAT'S WHY DEVELOPING BOTH SINGLE-FAMILY HOMES AND MULTI-FAMILY BUILDINGS FOR LOW-TO MODERATE-INCOME NEW YORKERS IS AT THE VERY HEART OF OUR MISSION. FOR THE FISCAL YEAR ENDED JUNE 2022, WE COMPLETED AND SOLD 34 HOMES TO QUALIFIED FAMILIES, 20 HOMES IN BROOKLYN, 13 HOMES IN THE BRONX, AND ONE HOME IN QUEENS. WE ALSO BROKE GROUND ON NYC'S FIRST NEW CONSTRUCTION PROJECT ON INTERBORO COMMUNITY LAND TRUST. 13 VACANT, DILAPIDATED HOUSES ARE BEING DEMOLISHED AND TRANSFORMED INTO 13 MODULAR AND 3 REHABILITATED SOLAR POWERED, NET ZERO, PERMANENTLY AFFORDABLE HOMES TO BE SOLD TO QUALIFIED HOMEBUYERS. HABITAT FOR HUMANITY NEW YORK CITY AND WESTCHESTER CONTINUED TO DEVELOP AN EXTENSIVE PIPELINE OF 467 HOUSING UNITS. ALL LOCATIONS ARE FINANCED BY PRIVATE CONTRIBUTIONS AND PUBLIC SUBSIDIES PROVIDED BY THE CITY AND STATE OF NEW YORK.
HOUSING PRESERVATION PROGRAMS: WE CANNOT BUILD OUR WAY OUT OF OUR AFFORDABLE HOUSING CRISIS, WHICH IS WHY IT IS CRITICAL FOR US TO WORK WITH EXISTING TENANT-OWNED AFFORDABLE BUILDINGS TO KEEP THEM AFFORDABLE FOR GENERATIONS TO COME. OUR HOUSING PRESERVATION PROGRAM IS A HOLISTIC PROGRAM THAT WORKS WITH INDIVIDUAL BUILDINGS ON THEIR INDIVIDUAL NEEDS, PROVIDING LOW-COST SERVICES FROM CONSTRUCTION, FINANCIAL EDUCATION, LEGAL MONITORING AND MORE. FOR THE FISCAL YEAR ENDED JUNE 2022, OUR HOUSING PRESERVATION PROGRAM SERVED 811 HOUSEHOLDS THROUGH OUR POST- PURCHASE SERVICES AND PRESERVATION WORK. WE COMPLETED 15 CONSTRUCTION PRESERVATION SERVICES CONTRACTS RESULTING IN APPROXIMATELY 725 INDIVIDUALS SERVED. PROJECTS INCLUDED SCOPE ITEMS SUCH AS: HALLWAY REPAIRS AND PAINTING IN COMMON AREAS, ROOF PRESERVATIONS AND REPLACEMENTS; FIRE ESCAPE REPAIRS, REPAIR AND WATERPROOFING OF BUILDING FACADES; INTERIOR UNIT AND HALLWAY WINDOW REPAIR; CONCRETE REPLACEMENT; AND MORE. THESE SERVICES, PROVIDED AT AN AFFORDABLE COST TO THE CO-OP, KEEP COSTS LOW AND ENSURE THAT RESIDENTS CAN REMAIN IN THEIR HOMES.
COMMUNITY PRESERVATION PROGRAM: WE WORKED WITH ORGANIZATIONS IN LOW-INCOME NEIGHBORHOODS MAKING CAPITAL IMPROVEMENTS TO PUBLIC SPACES THROUGH OUR COMMUNITY PRESERVATION PROGRAM. EMERGING FROM THE COVID-19 PANDEMIC, THE PROGRAM WAS ABLE TO RESTART AND SERVE 5 COMMUNITY SPACES THROUGH THE FISCAL YEAR ENDED JUNE 2022. THE PROGRAM HAS REVITALIZED 206 NEIGHBORHOOD SPACES IN ITS TENURE. VOLUNTEERS PAINT AND MAKE LIGHT REPAIRS IN PUBLICLY USED FACILITIES SUCH AS SENIOR CENTERS, SOUP KITCHENS, GYMS, LUNCHROOMS, AND CLASSROOMS FOR AFTER SCHOOL PROGRAMS. WE IMPROVE THE LIVES OF THOUSANDS OF LOW-INCOME RESIDENTS, INCLUDING REGISTERED AND DROP-BY USERS OF THESE PROGRAMS. THE OPERATIONAL COSTS OF THE NEIGHBORHOOD REVITALIZATION PROGRAM ARE FUNDED THROUGH PRIVATE CONTRIBUTIONS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Anthony Montalto Chair | OfficerTrustee | 1 | $0 |
Douglas Morse Immediate Past Chair | OfficerTrustee | 1 | $0 |
Melva Miller Vice Chair | OfficerTrustee | 1 | $0 |
Andrea Himmel Secretary | OfficerTrustee | 1 | $0 |
Brian Smalley Treasurer | OfficerTrustee | 1 | $0 |
Ron Franklin Member | Trustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Benchmark Title Agency Llc Project Closing Costs | 6/29/22 | $292,939 |
Fg-ph Corp Construction Contractor | 6/29/22 | $291,569 |
Union Street Studio Llc Construction Contractor | 6/29/22 | $518,321 |
Delta Demo Of New York Inc Common & Maint. Charges | 6/29/22 | $225,374 |
111 John Realty Corp Property Management | 6/29/22 | $221,275 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $837,564 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $4,350,621 |
Noncash contributions included in lines 1a–1f | $739,148 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,188,185 |
Total Program Service Revenue | $303,028 |
Investment income | $267 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,815,236 |
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. | $902,778 |
Compensation of current officers, directors, key employees. | $467,163 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,641,904 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $430,351 |
Payroll taxes | $268,477 |
Fees for services: Management | $0 |
Fees for services: Legal | $17,431 |
Fees for services: Accounting | $154,400 |
Fees for services: Lobbying | $150 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $177,863 |
Advertising and promotion | $43,802 |
Office expenses | $174,764 |
Information technology | $331,872 |
Royalties | $0 |
Occupancy | $379,483 |
Travel | $56,713 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $31,053 |
Interest | $146,391 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $128,324 |
Insurance | $207,573 |
All other expenses | $364,092 |
Total functional expenses | $7,730,867 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,055,349 |
Savings and temporary cash investments | $285,505 |
Pledges and grants receivable | $680,000 |
Accounts receivable, net | $247,787 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $42,716 |
Prepaid expenses and deferred charges | $350,293 |
Net Land, buildings, and equipment | $136,681 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $8,414,516 |
Total assets | $11,212,847 |
Accounts payable and accrued expenses | $1,694,877 |
Grants payable | $0 |
Deferred revenue | $367,026 |
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 | $1,000,000 |
Unsecured mortgages and notes payable | $3,792,710 |
Other liabilities | $1,339,290 |
Total liabilities | $8,193,903 |
Net assets without donor restrictions | $2,180,112 |
Net assets with donor restrictions | $838,832 |
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 | $11,212,847 |