Habitat For Humanity International Inc
- Assets
- $1.4m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 10
- Location
- Buda, TX
- Founding
- 01/1987
- Data as of
- 06/2023
- EIN
- 20-2556383
Organization Overview
Habitat For Humanity International Inc, operating under the name Habtex Mortgage, is located in Buda, TX. 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 06/2023, Habtex Mortgage employed 10 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Habtex Mortgage 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 06/2023, Habtex Mortgage generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 24.6% each year . All expenses for the organization totaled $1.2m during the year ending 06/2023. While expenses have increased by 24.9% per year over the past 8 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HABITAT OFFICES ACROSS TEXAS RELY ON HABITAT FOR HUMANITY TEXAS TO STRENGHTEN EFFORTS TO ADDRESS THE AFFORDABLE HOUSING CRISIS THAT FACE COMMUNITIES ACROSS THE STATE. HABITAT TEXAS DOES THIS BY EMPOWERING THEM THROUGH TECHNICAL ASSISTANCE, TRAINING, FUNDRAISING SUPPORT, LEGISLATIVE ADVOCACY, MORTGAGE SERVICES AND MORE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN THE REALM OF DISASTER PREPAREDNESS, RESOURCE DEVELOPMENT, AND RECOVERY, HABITAT TEXAS PLAYS A PIVOTAL ROLE, SERVING AS THE LEAD HABITAT VOICE ON STATEWIDE VOLUNTEER ORGANIZATIONS SERVING IN DISASTERS. FOLLOWING THE DEVASTATING WINTER STORM URI, WE TOOK IMMEDIATE ACTION TO SUPPORT HABITAT AFFILIATES AND COMMUNITIES IN NAVIGATING THE CHALLENGES OF DISASTERS. THANKS TO A GENEROUS GRANT IN FY 2022, HABITAT TEXAS FACILITATED THE CREATION OF BUSINESS CONTINUITY PLANS FOR 57 INDIVIDUALS REPRESENTING 31 AFFILIATES. ADDITIONALLY, WE ENHANCED COMMUNITY SAFETY BY DISTRIBUTING 1,000 CO DETECTORS, A CRUCIAL DEFENSE AGAINST ONE OF THE TOP CAUSES OF DISASTER-RELATED FATALITIES. FURTHERING OUR COMMITMENT, WE EQUIPPED FOUR MOBILE RESPONSE UNITS FOR RAPID DEPLOYMENT AND PROVIDED ESSENTIAL DISASTER RESILIENCY CONSTRUCTION TRAINING TO 20 CONSTRUCTION MANAGERS.
HABTEX MORTGAGE - HABITAT TEXAS SERVICED 1278 LOANS IN 2023 FOR 25 AFFILIATES, WHICH IS ALMOST HALF THE TEXAS NETWORK. LOAN SERVICING IS THE PROCESS BY WHICH A COMPANY COLLECTS INTEREST, PRINCIPAL, AND ESCROW PAYMENTS FROM A BORROWER. AS A PART OF THIS, HABITAT TEXAS HELPED COUNSEL HABITAT HOMEBUYERS IN FINANCIAL LITERACY AND FORECLOSURE AVOIDANCE, RESPONSIBLE USE OF CREDIT, AND MORE.
LONE STAR ACADEMY - BRINGING TOGETHER THE MOST NUMBER OF TEXAS HABITATS IN THE NATION, THE LONE STAR SUMMIT SERVES AS A DYNAMIC HUB FOR KNOWLEDGE EXCHANGE, FOSTERING COLLABORATION AND INNOVATION WITHIN THE TEXAS HABITAT NETWORK. BY BRINGING TOGETHER PASSIONATE STAFF AND VOLUNTEERS, THE SUMMIT PROVIDES A PLATFORM TO SHARE BEST PRACTICES, TACKLE CHALLENGES, AND EXPLORE EMERGING TRENDS IN THE AREAS OF LEADERSHIP, CONSTRUCTION, VOLUNTEER MANAGEMENT, FUNDRAISING, AND MORTGAGE HOMEBUYER SERVICES. THROUGH INTERACTIVE SESSIONS, WORKSHOPS, AND NETWORKING OPPORTUNITIES, PARTICIPANTS GAIN VALUABLE INSIGHTS, ENHANCE THEIR SKILLS, AND BUILD STRATEGIC PARTNERSHIPS. IN AUGUST 2022, HABITAT TEXAS HOSTED 31 AFFILIATES WITH 166 ATTENDEES IN 47 SESSIONS WITH AN AVERAGE RATING OF 8.9 OUT OF 10 STARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Miha Vindis President | OfficerTrustee | 3 | $0 |
Craig Chick VP Strategy & Alliance/sec | OfficerTrustee | 3 | $0 |
David Mcguire VP Finance/treasurer | OfficerTrustee | 2 | $0 |
Phillip Schmandt VP Governance | OfficerTrustee | 1 | $0 |
Andy York VP Affiliate Affairs | OfficerTrustee | 1 | $0 |
Shahreen Abedin Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $164,188 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $690,931 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $855,119 |
| Total Program Service Revenue | $362,765 |
| Investment income | $252 |
| 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 | $1,218,136 |
| 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. | $155,802 |
| Compensation of current officers, directors, key employees. | $14,022 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,396 |
| Pension plan accruals and contributions | $11,905 |
| Other employee benefits | $24,309 |
| Payroll taxes | $51,073 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,763 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,251 |
| Advertising and promotion | $0 |
| Office expenses | $46,446 |
| Information technology | $82,630 |
| Royalties | $0 |
| Occupancy | $62,512 |
| Travel | $7,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $102,324 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,475 |
| Insurance | $4,164 |
| All other expenses | $0 |
| Total functional expenses | $1,169,809 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,120,097 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $162,598 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $101,973 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,098 |
| Net Land, buildings, and equipment | $15,461 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,404,227 |
| Accounts payable and accrued expenses | $14,930 |
| Grants payable | $0 |
| Deferred revenue | $122,400 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $850,689 |
| 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 | $24 |
| Total liabilities | $988,043 |
| Net assets without donor restrictions | $416,184 |
| Net assets with donor restrictions | $0 |
| 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 | $1,404,227 |
Grants Awarded
Over the last fiscal year, Habitat For Humanity International Inc has awarded $78,429 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MONTGOMERY COUNTY HABITAT FOR HUMANITY PURPOSE: HOMEOWNER MORTGAGE PAYMENT ASSISTANCE | $71,779 |
HABITAT FOR HUMANITY OF TEXARKANA PURPOSE: RCDI GRANT | $6,650 |